3 months on rocket

51 Maryland Ave, Rehoboth Beach, DE, 19971

$2,500,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
4 Full Baths
House

Location

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51 Maryland Ave, Rehoboth Beach$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingBrick Driveway, Private, Driveway, Off Street
Year Built1950
HeatingBaseboard, Forced Air
CoolingWindow Unit(s), Ceiling Fan(s), Central Air
BasementYes
MLS #DESU2067908
Lot Size0.11 Acres
StatusActive
(ACTIVE)

About 51 Maryland Ave

2 separate buildings on one parcel! Main house and bungalow currently set up as 3 units *** Opportunity knocks in Downtown Rehoboth Beach!! Multi-Unit Residential Property set up as 3 units. Value is in the prime location and rental potential. The main cottage style house has 4 bedrooms and 2 full bathrooms and taking on summer weekly rentals. The rear bungalow bi-level is set up as a 1 bedroom apartment on the first floor (ready for rentals) and the 2nd floor efficiency is due for renovations. Wide open backyard platform deck for outdoor living. Off street parking for 3-4 vehicles. Within 2 blocks to the boardwalk and 2 blocks to Rehoboth Ave, a great location for investment or year round living!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow, Cape Cod, Coastal, Dwelling w/Separate Living Area, Other
  • Year Built: 1950
  • Stories: 2

Listing Office:

  • Office Name: Redfin Corporation
  • Office Phone: (215) 631-3154
  • Listing Agent: April Love Raimond

Interior Features

Interior Information:

  • Appliances: Dishwasher, Exhaust Fan, Microwave, Refrigerator, Washer/Dryer Stacked, Water Heater, Ice Maker, Oven, Electric Range, Range Hood, Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher
  • Basement: Yes
  • Flooring Type: Hardwood, Carpet, Vinyl
  • Interior: Kitchen - Island, 2nd Kitchen, Efficiency, Kitchen - Galley, Upgraded Countertops, Ceiling Fan(s), Wood Floors

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: Secure Storage, Outside Shower, BBQ Grill

Parking Information:

  • Parking: Brick Driveway, Private, Driveway, Off Street

Lot Features

Lot Information:

  • Lot: Front Yard, Back Yard, Side Yard(s)
  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Forced Air
  • Cooling: Window Unit(s), Ceiling Fan(s), Central Air

Other

Directions Information:

  • Directions: 2nd block from the ocean, 2 streets north of Rehoboth Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000

Tax Information:

  • Annual Amount: $1,137
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Rehoboth Beach, DE.

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Rehoboth Beach, DE

City

Med. Sold Price

$744K

Med. Price/SqFt

$356

Avg. Days On Market

23

# of Sold Homes

29

51 Maryland Ave vs Rehoboth Beach

106 DAYS ON ROCKET

+83 Days

$2,500,000

+$1.7M More

KEY TAKEAWAY

This property is $1.7M more than the Median Sold Price in Rehoboth Beach, DE.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #DESU2067908

Listing Office:

  • Office Name: Redfin Corporation
  • Office Phone: (215) 631-3154
  • Listing Agent: April Love Raimond

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 1:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 01, 2021Home Sold
$1,400,000
May 04, 2007Home Sold
$1,070,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,137$24,150
2020$1,133$24,150
2018$1,061$24,150
2017$1,016$24,150

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-480975
9
/10

  • Rehoboth Elementary School

  • 500 Stockley St

  • 0.71 miles

  • Public District Grades KG-5

school-card-donut-480976
9
/10

  • Love Creek Elementary School

  • 19488 John J Williams Hwy

  • 3.83 miles

  • Public District Grades KG-5

school-card-donut-480977
8
/10

  • Shields (Richard A.) Elementary School

  • 910 Shields Ave

  • 4.98 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $83,594. The majority of Rehoboth Beach, DE residents have income between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Rehoboth Beach, DE

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Rehoboth Beach, DE.

Rehoboth Beach offers a diverse array of housing options, with a significant portion of the market comprised of single-family homes that feature a mix of contemporary, beach cottage, and colonial architectural styles. Condominiums and townhouses are also prevalent, providing alternatives for those seeking a more communal living experience or lower maintenance properties. The area has seen a steady growth in housing developments, particularly with waterfront and beach-adjacent properties being highly sought after.

What is it like to live in Rehoboth Beach, DE?

Rehoboth Beach is celebrated for its vibrant coastal charm and friendly community atmosphere. The town prides itself on its beautiful beaches, boardwalk, and a variety of shops and eateries that contribute to its character as a beloved summer destination. Annual events like the Rehoboth Beach Independent Film Festival and the Sea Witch Festival reflect the town's cultural identity and draw visitors from across the region.

Is it easy to get around Rehoboth Beach, DE without a car?

The community is served by a number of public schools, offering educational opportunities for children of all ages. Healthcare is accessible through local clinics and the nearby Beebe Healthcare, which provides comprehensive medical services. The Rehoboth Beach Public Library serves as a cultural hub, and the town's array of boutique shops and restaurants cater to both local and seasonal populations, reflecting the area's culinary diversity and artistic flair.

Transportation in Rehoboth Beach, DE.

Transportation in Rehoboth Beach includes a mix of private and public options, with local buses serving the area and connecting residents to nearby towns. The town is known for its walkable downtown area, making it easy for residents and visitors to navigate the main attractions on foot. For those commuting by car, Coastal Highway provides a direct route to neighboring cities and attractions. The area is also bike-friendly, with several paths and trails available for cycling enthusiasts.

Frequently Asked Questions About 51 Maryland Ave

What is the listing price of this property?

The listing price of 51 Maryland Ave property is $2,500,000.

What type of property is this?

The property 51 Maryland Ave is a house located in Rehoboth Beach, Delaware, 19971.

Is this property for sale now?

Active Listing: 51 Maryland Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,137 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 1, 2021 for $1,400,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 51 Maryland Ave has 6 bedrooms and 4 bathrooms.

What is the square footage of this property?

The sq. ft. of 51 Maryland Ave is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 51 Maryland Ave is 1950.

Rocket Homes›Delaware›Sussex County›Rehoboth Beach›19971›51 Maryland Ave

This home is located at 51 Maryland Ave in Rehoboth Beach, DE and zip code 19971. This home, which was built in 1950, sits on a 0.11 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 07, 2024 and is currently priced at $2,500,000.

In October 2024, from all listings sold in Rehoboth Beach, DE there were more than 10 sold above asking price, over 12 sold below and more than 7 were sold right at the asked price. The number of homes for sale in Rehoboth Beach, DE increased by 11.7% between September 2024 and October 2024. The median list price of listings available in October 2024 was $744,000, while the average time on the real estate market was 23 days.

From Rocket Homes Real Estate and based on county public records data.

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