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Sold for $1,225,000
  • $1,225,000

    505 Lee St, Rehoboth Beach, DE 19971

    4beds
    1,866sqft
    Single Family Residence
    Built in 1976
    9,148 Square Feet Lot
    $1,513,400 Zestimate®
    $656/sqft
    $3,516 Estimated rent

    Home value

    $1,513,400

    $1.35M - $1.71M

    $3,516/mo

    Zestimate® history
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    What's special

    Seldom seen listing in serene Schoolvue community! Enjoy the serenity of this laid back neighborhood that boasts trees and privacy and no traffic. Solidly built 4 bedroom/ 2 bath single family home looking for your TLC. Screened porch is 21x18 and is perfect for sitting and enjoying your morning coffee. Rear 15x15 storage shed has electric and plenty of room for all your beach belongings. Close to Rehoboth Elementary School that offers pickle ball and tennis courts. Short walk to Turtle Bridge. Act fast this home will not last long! SELLER FINANCING CAN BE AN OPTION!! 20% down payment/ 2-4 year balloon/ piti or interest only/ no pre payment penalty. 5 % Interest RATE!! NOTE: Square footage of home is unknown; however, estimated to be 1,750+/-. Year of home is unknown and estimated.

    Zillow last checked:

    Listing updated:

    Listed by:

    John P Parker 202-413-5377,

    RE/MAX Realty Group Rehoboth

    Bought with:

    JUDY DEAN, RS-0012076

    RE/MAX Associates

    Source: Bright MLS,MLS#: DESU2062132MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Basement
    • Area: 0
    Heating
    • Forced Air, Baseboard, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Oven/Range - Electric, Refrigerator, Dishwasher, Disposal, Water Heater
    • Laundry: Main Level
    Features
    • Entry Level Bedroom, Ceiling Fan(s)
    • Has basement: No
    • Number of fireplaces: 1
    • Fireplace features: Wood Burning
    Interior area
    • Total structure area: 1,866
    • Total interior livable area: 1,866 sqft
    • Finished area above ground: 1,866
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 5
    • Parking features: Garage Faces Front, Paved, Driveway, Attached
    • Attached garage spaces: 1
    • Uncovered spaces: 4
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Porch, Screened, Patio
    • Pool features: None
    Lot
    • Size: 9,148 sqft
    • Dimensions: 75.00 x 125.00
    • Features: Level, Rear Yard
    Details
    • Additional structures: Above Grade, Below Grade, Outbuilding
    • Parcel number: 33419.0890.00
    • Zoning: TN
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cape Cod
    • Property subtype: Single Family Residence
    Materials
    • Brick, Aluminum Siding
    • Foundation: Crawl Space
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1976

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Rehoboth Beach
    • Subdivision: Schoolvue

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,Seller Financing
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    10/20/2025Listing removed$3,500$2/sqft
    Source: Zillow Rentals Report a problem
    10/9/2025Listed for rent$3,500$2/sqft
    Source: Zillow Rentals Report a problem
    9/25/2024Sold$1,225,000-5.8%$656/sqft
    Source: Bright MLS #DESU2062132 Report a problem
    8/14/2024Pending sale$1,300,000$697/sqft
    Source: Bright MLS #DESU2062132 Report a problem
    8/4/2024Contingent$1,300,000$697/sqft
    Source: Bright MLS #DESU2062132 Report a problem
    5/17/2024Listed for sale$1,300,000$697/sqft
    Source: Bright MLS #DESU2062132 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,890 +126%$684,300 +2537%
    2024$1,279 +0.1%$25,950
    2023$1,278 +3.6%$25,950
    2022$1,233 +0.9%$25,950
    2021$1,222 +0.3%$25,950
    2020$1,218 $25,950
    2019$1,218 -0.1%$25,950
    2018$1,220 +7.1%$25,950
    2017$1,140 +9.9%$25,950
    2016$1,037 +4.7%$25,950
    2015$990 +0.7%$25,950
    2014$983 +2.9%$25,950
    2013$955 +0.4%$25,950
    2012$952 +11.9%$25,950
    2011$851 $25,950
    2010$851 -3%$25,950
    2009$877 $25,950
    2003-- --
    2002-- --
    2001-- --

    Find assessor info on the county website

    Neighborhood: 19971

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Rehoboth
    • Middle: Beacon
    • 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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    $1,513,400
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    +$30,268
    With Zillow Showcase(estimated)
    $1,543,668