See Home Value
$2,595,000
● House - Off Market

320 LAUREL ST

REHOBOTH BEACH, DE 19971
bedrooms
5 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
2,310 Ft²
$12,910
Est. Monthly
$20
HOA / Fees
5.48%
Cap Rate

About This Property

Price improvement! Welcome to 320 Laurel Street! This home was built almost entirely new in 2019 and features 5 bedrooms, 5.5 baths and best of all a huge pool in downtown Rehoboth. The size of the pool can no longer be built alongside a house of this square footage per Rehoboth code. What makes this property really special is its location - this block of Laurel Street is one of the few streets in downtown Rehoboth that is not a through street, making it a uniquely quiet spot. This home has an extremely impressive rental history. This property grossed over $149,000 in rental income in 2022 and is on track to surpass those numbers for 2023. 320 Laurel Street is being sold turn-key and fully furnished. Upon entry, you'll be welcomed into the spacious living room which reaches through to the kitchen and dining area. Luxury vinyl plank flooring flows throughout the entirety of the home's living spaces and bedrooms. The first floor primary suite entrance is encased by double doors and boasts a large bedroom, sun filled windows and an attached bath with custom tiled shower and dual vanities. The kitchen has stainless steel appliances, custom pendant lighting and a large island perfect for entertaining. With large sliding glass doors leading out to the pool (gunite as of 2023), you are only steps away from the backyard oasis. Here you'll find the large gunite pool complete with patio area, irrigation system, BBQ grill and stepping stone path to the outdoor shower, all fenced in with 6 foot privacy fencing. Back inside, the kitchen flows into the dining space, making gathering for meal times a breeze. The dining area is accented by custom millwork, light filled windows and plenty of space to fit all guests of the home. Upstairs you'll find the remaining 4 bedroom suites, complete with their own full, custom tile work bathrooms and pocket doors. The laundry room is conveniently located on the 2nd floor. Walk to Dogfish Head Brew Pub, Rise Up, Egg & so many more popular Rehoboth Beach shops, restaurants and bars.
Unit Size
2,310 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$1,136
Property Type
House
Property Taxes
$153
HOA Dues
$20
Year Built
2018

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (Bright MLS #DESU2044658)

Price History

Date / Event Date Event Price
Jan 2, 2024 Sold
Sold
Oct 28, 2023 In contract -
In contract
Sep 26, 2023 Price Decreased $2,625,000
↓ $125K (4.6%)
Price Decreased
Jul 25, 2023 Listed by Jack Lingo - Lewes $2,750,000
Listed by Jack Lingo - Lewes
Sep 14, 2012 Sold
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Bedroom Count: 0
  • Bathroom Count: 6
  • Partial Bathrooms: 6
  • Bathroom Plumbing Fixtures: 16
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 10
  • Garage Square Area: 97
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,310
  • Building Area: 2,310
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,310
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTRY CLUB ESTATES
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: RS
  • Legal Description 1: S SD LAUREL ST LOT 7 BLK 6 SEC 6 W/IMP COUNTRY CLUB ESTATES

Neighborhood

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

Zoning

  • Zoning: TN

Geography

  • District: CAPE HENLOPE
  • Section: 6
  • Parcel: 334-14.17-272.00
  • Block: 6
  • Lot: 7
  • Municipality: 19971
  • Latitude: 38.7123
  • Longitude: -75.0879

    Address

  • Full Address: 320 Laurel St
  • Address - House Number: 320
  • Address - Street Name: Laurel
  • Address - Suffix Type: St
  • State: DE
  • City Name: Rehoboth Beach
  • Carrier Code: C001
  • 4-Digit Zip Code: 1857
  • Zip Code: 19971

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $157,341
  • Initial Tax Delinquent Year: 2019

    Market Valuation

  • Market Total Value: $63,900
  • Market Land Value: $12,500
  • Market Improvement Value: $51,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,450
  • Assessed Land Value: $6,250
  • Assessed Improvements Value: $10,200

    Sales

  • Current Sale Contract Date: Jan 02, 2024
  • Current Sale Recording Date: Jan 03, 2024
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 184
  • Previous Sale Recording Date: Sep 14, 2012
  • Previous Sale Contract Date: Sep 12, 2012
  • Previous Sale Amount: $550,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Rehoboth Beach


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals



Frequently Asked Questions

When was property at 320 Laurel Street built and last sold?
The property at 320 Laurel Street was built in 2018 and last sold on Jan 2, 2024 for $0.
How much is this home worth?
The estimated value of the home located at 320 Laurel Street is $2,651,250.
What are some comparable homes to 320 Laurel Street?
There are currently no comparable homes to 320 Laurel Street.