tomo logo

$2,274,900

Beds
4
Baths
2.5
sq ft
2,614

101 Dover Rd, Rehoboth Beach, DE 19971

101 Dover Rd

DEWEY BEACH, DE 19971

  • 194 days on market
    • Price drop $225,000↓
This 4 bedroom 2 full bath 1 half bath property is the beach home you have been waiting for. A fantastic fee simple property in Dewey Beach sold furnished. Rentals aprox $60,000 annually! A perfect second home or investment property in the center of Dewey Beach, close to everything with a very private and spacious feel. This home is close to the Bay and 1.5 blocks to the ocean and beach. An open floor plan maximizes your entertainment space including a living room/dining room and a charming remodeled galley kitchen with a bar counter. There’s an adorable remodeled cottage porch bedroom off the living room, another open and bright room off the dining room with a view of the bay. A copula high above allows views to the Bay and ocean and of Dewey Beach. Downstairs, you’ll enjoy a spacious owners’ suite, two additional bedrooms with a full bathroom, and a good-sized washer and dryer mudroom that exits to an outdoor shower. A one-car garage accommodates all your beach chairs, toys etc.

Details

Property type

Single Family Residence

Est. home value

$1,550,822

Lot size

2,614 sq ft

Price per sq ft

$871

Year built

1983

Annual property taxes

$1,536

HOA

No

Price History

01/10/2024
Bright

Bright #DESU2053772

Listed
$2,274,900
+71.05%
05/26/2021
Bright

Bright #DESU178512

Sold
$1,330,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

CAPE HENLOPEN

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Nrl Fcu

Loan start date

August 2021

Original loan amount

$130,000

Est. remaining balance

Not provided

Interest rate

2.54%

Loan type

Credit Line (Revolving), 25 year

Seller

Chong Yi

Lender

Jpmorgan Chase Bank Na

Loan start date

May 2021

Original loan amount

$1,064,000

Est. remaining balance

Not provided

Interest rate

3%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Chong Yi

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/17/2024 at 1:45 AM

Listing updated: 06/12/2024 at 2:23 PM

Listed by: William Joe Preston Jr., RE/MAX Town Center Phone #: (301) 540-2232

MLS: Bright #DESU2053772

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