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$2,800,000

Beds
5
Baths
2.0
sq ft
2,200

8 Henlopen Ave, Rehoboth Beach, DE 19971

8 Henlopen Ave

REHOBOTH BEACH, DE 19971

  • 434 days on market
Rehoboth is the Summer Capital of America & Henlopen Ave. and Ocean Block are a premier location in our Summer Capitol , one can listen to the sounds of the ocean from your beach home and walk the beach or into it town Rehoboth in a few minutes. you could choose to build your dream home or enjoy this cozy beach cottage. until you do build Rental income for 2023 One of the best streets in Rehoboth ( Henlopen ) Call today

Details

Property type

Single Family Residence

Est. home value

$300,319

Lot size

5,000 sq ft

Price per sq ft

$1,273

Year built

1974

Annual property taxes

$1,957

HOA

No

Price History

07/25/2023
Bright

Bright #DESU2032540

Listed
$2,800,000

Schools & Community

Elementary school: 

REHOBOTH

Middle school: 

MARINER

High school: 

CAPE HENLOPEN

School district: 

CAPE HENLOPEN

Negotiation Insights

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

Seller could get up to

$1,619,498
Asking price
$2,800,000
Closing costs (~8% of asking)
-$224,000
Est. remaining loan balance
-$956,502
Cash to seller
$1,619,498

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

New Day Financial Llc

Loan start date

February 2017

Original loan amount

$1,120,805

Est. remaining balance

$956,502

Interest rate

4.3%

Loan type

New Conventional, 30 year

Seller

Arthur E White

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: 10/01/2024 at 9:25 AM

Listing updated: 08/15/2024 at 2:23 PM

Listed by: HENRY A. MCKAY, Jack Lingo - Rehoboth Phone #: (302) 227-3883

MLS: Bright #DESU2032540

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