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$1,700,000
$1,775,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
38 MARYLAND AVE Rehoboth Beach, DE 19971
10 Beds
7 Baths
3,994 SqFt
Key Details
Sold Price $1,700,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,994 sqft
Price per Sqft $425
Subdivision North Rehoboth
MLS Listing ID 1001028720
Sold Date 06/27/17
Style Cottage
Bedrooms 10
Full Baths 7
HOA Y/N N
Abv Grd Liv Area 3,994
Originating Board SCAOR
Year Built 1928
Annual Tax Amount $2,366
Lot Size 6,800 Sqft
Acres 0.16
Property Description
Superior location for this property consisting of a 5 bedroom single family home, plus rear cottage with 3 additional units. 4 rental licenses provide opportunity to maximize rental income, currently $100k with potential to $140k. Live in the front home and rent out the back cottages, or rent all 4 for maximum ROI. Oversize, 6800 sq. ft. lot provides redevelopment opportunities. Just 1 block to the beach and boards, and 1 block to the shops and dining on Baltimore Ave.
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Rooms
Basement Full, Unfinished
Interior
Interior Features Attic, Breakfast Area, Kitchen - Eat-In, Kitchen - Island, Ceiling Fan(s), Window Treatments
Hot Water Propane
Heating Forced Air, Propane
Cooling Central A/C, Heat Pump(s)
Flooring Carpet, Hardwood, Vinyl
Fireplaces Number 1
Fireplaces Type Gas/Propane
Equipment Dishwasher, Dryer - Electric, Exhaust Fan, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Water Heater
Furnishings Yes
Fireplace Y
Window Features Insulated,Screens
Appliance Dishwasher, Dryer - Electric, Exhaust Fan, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Water Heater
Heat Source Bottled Gas/Propane
Exterior
Exterior Feature Porch(es), Screened
Garage Spaces 8.0
Fence Partially
Waterfront N
Water Access N
Roof Type Shingle,Asphalt
Porch Porch(es), Screened
Road Frontage Public
Parking Type Off Street, Driveway
Total Parking Spaces 8
Garage N
Building
Lot Description Cleared
Story 2
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Cottage
Level or Stories 2
Additional Building Above Grade
New Construction N
Schools
School District Cape Henlopen
Others
Tax ID 334-14.13-367.00
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Joseph S Maggio Jr. • JOE MAGGIO REALTY