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Sold for $3,850,000
  • $3,850,000

    2 Park Ave, Rehoboth Beach, DE 19971

    5beds
    2,552sqft
    Single Family Residence
    Built in 1969
    8,814 Square Feet Lot
    $4,209,200 Zestimate®
    $1,509/sqft
    $3,049 Estimated rent

    Home value

    $4,209,200

    $3.79M - $4.71M

    $3,049/mo

    Zestimate® history
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    What's special

    Only Surf Ave is between you and the ocean! This SOLID classic home was built over a 2+ year period by a prominent local banker who supervised the construction daily! Situated on an oversized (8,814 sq ft) lot with room for a future swimming pool, or just enjoy the large yard. Approx 600+ sq ft lot coverage left, and house can be expanded. The huge kitchen was remodeled in 2020 with custom built cabinets high-end appliances and a walk-in Pantry. There is a wood burning FP in the kitchen with antique built in surrounds that features a hidden compartment. Entering the spacious Foyer, you will find an elegant turned stairwell and Powder Room, with the formal Dining Room (now set up as 2nd sitting area) straight ahead. The large Living Room features another wood burning FP. Step out from there onto the large wrap-around screened porch and feel the ocean breeze. Upstairs on the front end of the home you will find 3 BR (one ensuite) and a huge hall bath with tub and tiled shower. The 2 ocean front BRs have a door that leads to a balcony the same size as the spacious front porch for you to soak up the sun! Up the back stairs in the kitchen you will find 2 more BRs and another bath with new HVAC. The entire home has real hardwood in all living areas and tile in all baths. There is an attached 2 car garage (rare in Rehoboth) that gives you access to a partial basement. There may be potential to expand to the attic for more living space (new Primary BR?) that would have awesome ocean views! The home is located on an extra wide section of Park Ave to give you the feeling of more space, and all a very short walk to all that Rehoboth Beach has to offer. Deauville Beach with tennis courts is just a short walk away. This is a unique property, don't miss the opportunity! Past rental history $110k +/-, but not yet on rental market for 2025.

    Zillow last checked:

    Listing updated:

    Listed by:

    ALLEN JARMON 302-745-5122,

    NextHome Tomorrow Realty

    Bought with:

    Debbie Reed, RS-0010229

    RE/MAX Realty Group Rehoboth

    CYNDI MARSH, RS-0016264

    RE/MAX Realty Group Rehoboth

    Source: Bright MLS,MLS#: DESU2070566MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    • Main level bathrooms: 1
    Basement
    • Area: 0
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Range, Dishwasher, Disposal, Dryer, Extra Refrigerator/Freezer, Microwave, Self Cleaning Oven, Oven/Range - Gas, Refrigerator, Six Burner Stove, Stainless Steel Appliance(s), Washer, Water Heater, Electric Water Heater
    • Laundry: Upper Level
    Features
    • Dry Wall
    • Flooring: Hardwood, Tile/Brick
    • Basement: Partial
    • Number of fireplaces: 2
    • Fireplace features: Wood Burning
    Interior area
    • Total structure area: 2,552
    • Total interior livable area: 2,552 sqft
    • Finished area above ground: 2,552
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 8
    • Parking features: Garage Door Opener, Garage Faces Side, Attached, Driveway
    • Attached garage spaces: 2
    • Uncovered spaces: 6
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    • Fencing: Full,Wood
    • Has view: Yes
    • View description: Ocean
    • Has water view: Yes
    • Water view: Ocean
    • Waterfront features: Oceanblock, Ocean
    Lot
    • Size: 8,814 Square Feet
    • Dimensions: 118.00 x 75.00
    • Features: Corner Lot, Landscaped
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 33414.09189.00
    • Zoning: TN
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding
    • Foundation: Brick/Mortar
    • Roof: Architectural Shingle
    Condition
    • Very Good
    • New construction: No
    • Year built: 1969
    • Major remodel year: 2020

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Security: Security System
    • Subdivision: North Rehoboth
    HOA
    • Has HOA: No
    Location
    • Region: Rehoboth Beach

    Financial & listing details

    • Price per square foot: $1,509/sqft
    • Tax assessed value: $3,074,000
    • Annual tax amount: $3,061
    • Date on market: 9/13/2024
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Inclusions: Furnished As Shown
    • Exclusions: Some Art And Some Contents Of Attic, Garage & Basement
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    11/8/2024Sold$3,850,000-6.1%$1,509/sqft
    Source: Bright MLS #DESU2070566 Report a problem
    9/23/2024Pending sale$4,100,000$1,607/sqft
    Source: Bright MLS #DESU2070566 Report a problem
    9/13/2024Listed for sale$4,100,000-2.4%$1,607/sqft
    Source: Bright MLS #DESU2070566 Report a problem
    6/23/2024Listing removed$4,200,000$1,646/sqft
    Source: NextHome #DESU2033292 Report a problem
    10/5/2023Listed for sale$4,200,000$1,646/sqft
    Source: Bright MLS #DESU2049416 Report a problem
    6/1/2023Listing removed--
    Source: NextHome Report a problem
    12/13/2022Listed for sale$4,200,000$1,646/sqft
    Source: Bright MLS #DESU2033292 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,492 +228.5%$1,537,000 +3732.9%
    2024$1,977 +0.1%$40,100
    2023$1,975 +3.6%$40,100
    2022$1,906 +0.9%$40,100
    2021$1,888 +0.3%$40,100
    2020$1,883 $40,100
    2019$1,883 +6.9%$40,100
    2018$1,761 0%$40,100
    2017$1,761 +9.9%$40,100
    2016$1,602 +4.7%$40,100
    2015$1,531 +0.7%$40,100
    2014$1,519 +2.9%$40,100
    2013$1,476 +0.4%$40,100
    2012$1,471 +11.9%$40,100
    2011$1,315 $40,100
    2010$1,315 -3%$40,100
    2009$1,355 $40,100
    2003-- --
    2002-- --
    2001-- --
    Find assessor info on the county website

    Neighborhood: 19971

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • High: Cape Henlopen
    • District: Cape Henlopen

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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