See Home Value
Rehoboth Beach 19971
226 PHILADELPHIA STREET
$1,855,872*
House - Off Market

226 PHILADELPHIA STREET

REHOBOTH BEACH, DE 19971
bedrooms
4 Beds
bathrooms
4 Baths
square feet
3270 Sqft
$1,485,000 - $1,813,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Jan 08, 2021
$1,650,000
$1,320,000 by Primary Residential Mortgage
Mortgage Due Feb 01, 2051

About This Property

Set in a highly-desired area in-town South Rehoboth, this delightful beach retreat presents a rare opportunity to enjoy not only a short walk to the beach, but also places you within close proximity to all of the downtown Rehoboth shops and restaurants, Gordon's Pond state park/beaches, and the Breakwater Junction Bike Trails.  Investor alert with estimated rental potential of $65,100.  This artfully mastered home has 4 master bedroom suites -- all with ensuite bathrooms on 2 levels with elevator.  There is an open floor plan/great room with large, walkout deck; maintenance-free Wolf flooring; designer kitchen with under-counter lighting; granite countertops; breakfast bar; stainless steel appliances; induction stove top.   There are abundant indoor and outdoor living spaces that include an over-sized screened porch with E-Z Breeze windows; encapsulated crawlspace; porcelain tile and wood flooring; 2 gas fireplaces; Hunter Douglas window treatments; recessed lighting; central music; grand master site with dual vanities and rain shower; California closet; 1st and 2nd floor laundry rooms; pocket doors; extensive crown molding; wet bar; dual zone heating and cooling; solar panels (owned); 8 ceiling fans; attached shed; hardscaped paver driveway accommodating off-street parking 2 cars; professionally landscaped lot with fully fenced yard; irrigation and security system.  This stunning home was designed for relaxed living and ultimate enjoyment.

The manager has listed the unit size as 3270 square feet.
Unit Size
3,270Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$504
Property Type
House
Property Taxes
$2,607
HOA Dues
-
Year Built
2012

Price History

Date / Event Date Event Price
Oct 8, 2021 No longer available -
No longer available
Jan 8, 2021 Sold to James A Mollica, Michelle F... $1,650,000
Sold to James A Mollica, Michelle F...
Oct 29, 2020 In contract -
In contract
Oct 22, 2020 Listed $1,649,000
Listed
Set in a highly-desired area in-town South Rehoboth, this delightful beach retreat presents a rare opportunity to enjoy not only a short walk to the beach, but also places you within close proximity to all of the downtown Rehoboth shops and restaurants, Gordon's Pond state park/beaches, and the Breakwater Junction Bike Trails. Investor alert with estimated rental potential of $65,100. This artfully mastered home has 4 master bedroom suites -- all with ensuite bathrooms on 2 levels with…
Jun 21, 2020 No longer available -
No longer available
Show More

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 15
  • Building Quality: A+
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 2
  • Floor Cover: Ceramic
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Paved and surfaced
  • Garage Square Area: 323
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 5,001
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 3,028
  • Gross Building Area: 1,610
  • Building Area: 3,028
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 3,028
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: REHOBOTH BEACH
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • Legal Description 1: REHOBOTH HGTS LOTS 7 8 W/IMP

Ownership

  • Current Owner : MOLLICA JAMES A
  • Current Owner 2: FORTIN-MOLLICA MICHELLE
  • Previous Owner : KANE JOHN W
  • Previous Owner 2: KANE DIANN
  • Owner Generation Identifier: III

Neighborhood

  • School District Name: Cape Henlopen School District
  • School Tax School District: CAPE HENLOPEN
  • Census Tract: 051102

Zoning

  • Zoning: TN

Geography

  • District: CAPE HENLOPE
  • Parcel: 334-14.17-353.01
  • Lot: 7-8
  • Municipality: 19971
  • Latitude: 38.714
  • Longitude: -75.0845

    Address

  • Full Address: 226 Philadelphia St
  • Address - House Number: 226
  • Address - Street Name: Philadelphia
  • Address - Suffix Type: St
  • State: DE
  • City Name: Rehoboth Beach
  • Carrier Code: C001
  • 4-Digit Zip Code: 3016
  • Zip Code: 19971

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,098

    Appraisal Valuation

  • Standard Deviation: 0.2432
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 65
  • Final Value: 1,713,372
  • High Value: 2,130,109
  • Low Value: 1,296,636

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,320,000
  • First Open Lien Mortgage Lender: PRIMARY RESIDENTIAL MORTGAGE
  • First Open Lien Mortgage Recording Date: Jan 08, 2021
  • First Open Lien Mortgage Loan Amount: $1,320,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2051

    Market Valuation

  • Market Total Value: $85,200
  • Market Land Value: $15,000
  • Market Improvement Value: $70,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,600
  • Assessed Land Value: $7,500
  • Assessed Improvements Value: $35,100

    Sales

  • Current Sale Contract Date: Dec 17, 2020
  • Current Sale Recording Date: Jan 08, 2021
  • Current Sale Transaction ID: 11814808476
  • Current Sale Price: $1,650,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 20210000001344

    Last Sale Mortgage

  • First Mortgage Lender: PRIMARY RESIDENTIAL MORTGAGE
  • First Mortgage Transaction Date: Jan 08, 2021
  • First Mortgage Loan Amount: $1,320,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Mortgage Loan Due Date: Feb 01, 2051



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3 Baths
3,000 ft²
$525/ft²
$1,575,000 Feb 10, 2023
$1,575,000 Apr 28, 2023
-
House
4 Beds
3 Baths
2,225 ft²
$899/ft²
$2,000,000 May 19, 2023
$2,000,000 Jun 26, 2023
-
House
4 Beds
3 Baths
2,200 ft²
$600/ft²
$1,320,000 Jun 28, 2023
$1,320,000 Sep 22, 2023
$21/mo
House
5 Beds
5 Baths
2,530 ft²
$678/ft²
$1,715,000 Apr 6, 2018
$1,715,000 Sep 6, 2019
-
House
5 Beds
5 Baths
2,530 ft²
$702/ft²
$1,775,000 Apr 6, 2018
$1,775,000 Apr 26, 2019
-
House
5 Beds
4 Baths
2,200 ft²
$818/ft²
$1,800,000 Dec 10, 2022
$1,800,000 Jan 27, 2023
-
House
4 Beds
4 Baths
3,213 ft²
$498/ft²
$1,599,990 Sep 28, 2021
-
$450/mo
House
4 Beds
4 Baths
2,940 ft²
$492/ft²
$1,445,000 Apr 19, 2024
-
$525/mo
Condo
4 Beds
4 Baths
1,973 ft²
$960/ft²
$1,895,000 Apr 18, 2024
-
-
House
4 Beds
3 Baths
-
$1,695,000 Mar 11, 2024
-
-
House
3 Beds
2 Baths
1,680 ft²
$890/ft²
$1,495,000 Apr 25, 2024
-
-
House
6 Beds
4 Baths
3,400 ft²
$529/ft²
$1,799,000 Mar 7, 2024
-
-

About Rehoboth Beach


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Frequently Asked Questions

When was property at 226 Philadelphia Street built and last sold?
The property at 226 Philadelphia Street was built in 2012 and last sold on Dec 17, 2020 for $1,650,000.
How much is this home worth?
The estimated value of the home located at 226 Philadelphia Street is $1,753,690.
What are some comparable homes to 226 Philadelphia Street?
There are currently no comparable homes to 226 Philadelphia Street.

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