Dewey Beach, DE 19971,118 CHICAGO ST
Dewey Beach, DE 19971,118 CHICAGO ST
Dewey Beach, DE 19971,118 CHICAGO ST
20
$1,865,000
$1,865,000
Est.Price: ?

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5 BD
3 BA
2,500 SqFt

118 CHICAGO ST Dewey Beach, DE 19971

Est. payment /mo
SOLD DATE : 03/28/2024

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Key Details

Sold Price $1,865,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 2,500 sqft

Price per Sqft $746

Subdivision Rehoboth By The Sea

MLS Listing ID DESU2056128

Sold Date 03/28/24

Style Coastal,Cottage

Bedrooms 5

Full Baths 3

HOA Y/N N

Abv Grd Liv Area 2,500

Originating Board BRIGHT

Land Lease Amount 5098.0

Land Lease Frequency Quarterly

Year Built 1960

Annual Tax Amount $493

Tax Year 2023

Lot Size 5,000 Sqft

Acres 0.11

Lot Dimensions 50.00 x 100.00

Property Description

Discover your dream beach home in this 5-bedroom, 3.5-bathroom home in the exclusive Rehoboth-by-the-Sea neighborhood at the north end of Dewey Beach. Fully renovated in 2020, enjoy new construction upgrades and fixtures throughout. The home offers a private, heated, in-ground pool, a fully fenced backyard, and driveway parking for 4-5 cars. Located in the second block from the beach, the home is appx 150 yards from the dune entrance, and is an easy stroll to in-town Dewey and the Rehoboth boardwalk.

With demonstrated rental income over $120,000 annually, this versatile property is ideal as a second home, a lucrative seasonal rental, or a year-round residence. Whether you're seeking a private getaway or an investment opportunity, the “Chicago Bungalow” presents a unique blend of charm, luxury, and practicality.

Location

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning RESIDENTIAL

Rooms

Main Level Bedrooms 1

Interior

Hot Water Electric

Heating Other

Cooling Central A/C

Fireplace N

Heat Source Other

Exterior

Waterfront N

Water Access N

Accessibility Other

Garage N

Building

Story 2

Foundation Crawl Space

Sewer Public Sewer, Public Septic

Water Public

Architectural Style Coastal, Cottage

Level or Stories 2

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Cape Henlopen

Others

Senior Community No

Tax ID 334-20.14-122.00

Ownership Land Lease

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by John E Redefer IV • Rehoboth Bay Realty, Co.
Bought with MICHAEL RODRIGUEZ • Jack Lingo - Rehoboth
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