Rehoboth Beach, DE 19971 502 5Th Street
$399,900
Presented By: Keller Williams Realty
Beds • 3
Full/Half Baths • 1 / 1
SQFT • 1,456
Home Details
Dont miss this opportunity to own property east of Route 1 in Rehoboth Beach! This three-bedroom, one-and-a-half-bath ranch home offers excellent potential for renovation or redevelopment in a highly desirable location close to shopping, dining, and the beach. The nearby Wolfe Neck Trail provides convenient access for walking or biking into both Lewes and Rehoboth Beach, making this location especially attractive for outdoor enthusiasts . For investors or builders, the property presents additional possibilities. Subject to approvals, there is potential to re-establish the property line, remove the existing home, and construct two new homesan excellent redevelopment opportunity in an area experiencing continued growth .
There is no HOA, and the property is zoned to allow manufactured homes. Several newly constructed homes in the surrounding community are helping support increasing neighborhood value, making this an appealing option for homeowners, investors, or builders alike. The property is being sold AS IS.
Presented By: Keller Williams Realty
Interior Features for 502 5Th Street
Bedrooms
Main Level Bedrooms3
Total Bedrooms3
Bathrooms
Bathrooms Half Main Level1
Half Baths1
Total Baths2
Other Interior Features
LivingAreaSourceAssessor
Above Grade Finished Area1456
Above Grade Finished Area SourceAssessor
Above Grade Finished Area Unit TypeSquare Feet
Basement (Y/N)No
Below Grade Finished Area0
Below Grade Finished Area SourceAssessor
Below Grade Finished Area Unit TypeSquare Feet
Central Air Y/NYes
Fireplace Y/NYes
Heating FuelElectric
Heating Y/NYes
Hot Water60+ Gallon Tank
Laundry TypeHookup
Total Fireplaces1
Other Rooms
Room TypeDining Room, Bedroom 2, Bedroom 3, Family Room, Bedroom 1, Bathroom 1, Half Bath
Room Details for 502 5Th Street
Bathroom 1
level
Main
Bedroom 1
level
Main
Bedroom 2
level
Main
Bedroom 3
level
Main
Dining Room
level
Main
Family Room
level
Main
Half Bath
level
Main
General for 502 5Th Street
Acceptable FinancingCash, Conventional
Accessibility32 + wide Doors
Architectural StyleRanch/Rambler
Bathrooms Count Main Level2.00
Bathrooms Full Main Level1
Body TypeDouble Wide
Building NameNONE AVAILABLE
CityREHOBOTH BEACH
Condo/Coop Association fee Y/NNo
Construction MaterialsModular/Manufactured
Cool FuelElectric
CoolingCentral A/C
CountySUSSEX
DirectionsFrom RT 1, turn onto Munchy Branch, turn onto Midway Dr, turn right onto 5th St. The home is on the right. Sign in Yard.
DisclosuresLead Based Paint - State, Radon
Full Baths1
Garage Y/NNo
HOANo
HeatingHeat Pump(s)
Home Warranty Y/NNo
Legal SubdivisionTru-Vale Acres
Levels1
Living Area1456
Lot Size Square Feet10019.00
Lot Size UnitsSquare Feet
MLS AreaLewes Rehoboth Hundred (31009)
New ConstructionNo
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG274.66
Property TypeResidential
School DistrictCAPE HENLOPEN
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusComing Soon
StatusCOMING SOON
Structure TypeManufactured
Subdivision NameTRU VALE ACRES
Sussex DE QuadrantsEast of Rt 1
Tax Annual Amount757.0
Tax Assessed Value358400.0
Tax Lot86
Tax Year2025
Total Rooms7
Total SQFT1456
UtilitiesCable TV
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1980
Year Built SourceEstimated
ZoningGR
Exterior for 502 5Th Street
Exterior AmenitiesOutbuilding(s)
Foundation DetailsCrawl Space
InclusionsWhat is left in the home and shed.
Land Assessed Value126900.00
Lot Size Acres0.23
Lot Size SourceEstimated
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingDriveway
Water Oriented Y/NNo
Water SourceWell
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
David Borrero
Associate