NOT LISTED FOR SALE

16 Wills Way Unit 48 Rehoboth Beach, DE 19971

Estimated Value: $802,000 - $981,000

4 Beds
3.5 Baths
2,400 Sq Ft
$370/Sq Ft Est. Value

Last Sold June 07, 2024

Last sale price $906,000 $378 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $5,233/month

26 Days on Market

Highlights

  • 15 Feet of Waterfront
  • Water Oriented
  • Clubhouse
  • Rehoboth Elementary School Rated A
  • Lake View
  • Deck

About This Home

As of June 2024

LOCATION LOCATION LOCATION! This rarely available townhome is nestled within the tranquil Canal Corkran community, located along the Lewes-Rehoboth Canal, less than a mile from your feet in the sand at Rehoboth Beach! Its location is one of the best in Coastal Delaware, providing easy access to shopping, top-rated dining, and entertainment options, all within minutes. This lovely 4-bedroom, 3.5-bathroom townhome overlooks one of the community's serene fountain ponds. The first floor offers two spacious bedrooms overlooking the pond, a full bath, washer/dryer, and a cozy patio accessible by slider from both bedrooms. On the main level, you'll find a comfortable open living area flowing into the kitchen with a breakfast bar, a dining area, and a deck overlooking the pond. You will also find a half bath and a bedroom with an ensuite bathroom and walk-in closet. The primary suite encompasses the entire third floor, featuring a sitting area, a sizable walk-in closet, and a primary bath. Enjoy the central vacuum for added convenience after those sandy beach days. The garage offers storage space for bikes and beach gear, along with convenient storage shelving and a closet. Tucked away from the hustle and bustle of downtown Rehoboth Beach, Canal Corkran offers a peaceful retreat with its gorgeous homes, Olympic size pool, beautiful green common areas, and a private path to Rehoboth Avenue, providing the perfect blend of relaxation and convenience. Outdoor enthusiasts will love the access to the Breakwater & Junction Biking/Walking trail right at the entrance of the community. 1 YEAR BUYER HOME WARRANTY INCLUDED IN THE SALE. Opportunities like this, so close to downtown Rehoboth Beach, are rare. Whether you are looking for a primary residence, vacation home, or an investment property, this is one you do not want to miss—schedule a viewing today!

Last Agent to Sell the Property

Krystal Casey

(302) 604-4683 krystal@thecoastalcollectivegroup.com Keller Williams Realty License #RS0026088 Listed on: 03/21/2024

Keller Williams Realty

Last Buyer's Agent

Jamie Coleman

(302) 344-7158 jcoleman@psre.com Patterson-Schwartz-Rehoboth

Patterson-Schwartz-Rehoboth

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,421

Year Built

  • Built in 2003

Lot Details

  • 8,712 Sq Ft Lot
  • 15 Feet of Waterfront
  • Backs To Open Common Area
  • Southwest Facing Home
  • Landscaped
  • Partially Wooded Lot

HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Off-Street Parking

Property Views

  • Lake
  • Pond

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Slab Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,400 Sq Ft Home
  • Property has 3 Levels
  • Central Vacuum
  • Partially Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Open Floorplan
  • Monitored

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

Laundry

  • Laundry in unit
  • Electric Dryer
  • Washer

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Water Oriented
  • Property is near a pond
  • Pond
  • Balcony
  • Deck
  • Patio

Schools

  • Rehoboth Elementary School
  • Beacon Middle School
  • Cape Henlopen High School

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-13.00-363.02-48

Community Details

Overview

  • $1,000 Capital Contribution Fee
  • Association fees include pool(s), lawn maintenance, common area maintenance, trash, snow removal, exterior building maintenance
  • Built by Thompson Builders
  • Canal Corkran Subdivision, Award Winning Custom Builder Floorplan
  • Property Manager

Amenities

  • Clubhouse

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,421

Year Built

Built in 2003

Lot Details

0

HOA Fees

$401 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Exclusions: See list in documents
  • Historic: No
  • Inclusions: Partially Furnished
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Expected On Market: 2024-03-21
  • Federal Flood Zone: No
  • Year Built: 2003
  • Automatically Close On Close Date: No
  • Remarks Public: LOCATION LOCATION LOCATION! This rarely available townhome is nestled within the tranquil Canal Corkran community, located along the Lewes-Rehoboth Canal, less than a mile from your feet in the sand at Rehoboth Beach! Its location is one of the best in Coastal Delaware, providing easy access to shopping, top-rated dining, and entertainment options, all within minutes. This lovely 4-bedroom, 3.5-bathroom townhome overlooks one of the community's serene fountain ponds. The first floor offers two spacious bedrooms overlooking the pond, a full bath, washer/dryer, and a cozy patio accessible by slider from both bedrooms. On the main level, you'll find a comfortable open living area flowing into the kitchen with a breakfast bar, a dining area, and a deck overlooking the pond. You will also find a half bath and a bedroom with an ensuite bathroom and walk-in closet. The primary suite encompasses the entire third floor, featuring a sitting area, a sizable walk-in closet, and a primary bath. Enjoy the central vacuum for added convenience after those sandy beach days. The garage offers storage space for bikes and beach gear, along with convenient storage shelving and a closet. Tucked away from the hustle and bustle of downtown Rehoboth Beach, Canal Corkran offers a peaceful retreat with its gorgeous homes, Olympic size pool, beautiful green common areas, and a private path to Rehoboth Avenue, providing the perfect blend of relaxation and convenience. Outdoor enthusiasts will love the access to the Breakwater & Junction Biking/Walking trail right at the entrance of the community. 1 YEAR BUYER HOME WARRANTY INCLUDED IN THE SALE. Opportunities like this, so close to downtown Rehoboth Beach, are rare. Whether you are looking for a primary residence, vacation home, or an investment property, this is one you do not want to miss—schedule a viewing today!
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dryer - Electric, Washer, Dishwasher, Microwave, Oven/Range - Electric, Refrigerator, Central Vacuum
  • Entry Floor: 1
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Kitchen - Island, Combination Kitchen/Dining, Combination Kitchen/Living, Pantry, Entry Level Bedroom, Ceiling Fan(s), Window Treatments, Breakfast Area, Carpet, Central Vacuum, Combination Dining/Living
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Slab
  • Floors In Unit Count: 3
  • Levels Count: 3
  • Room Count: 7
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 2400
  • Living Area Sq Ft: 2400
  • Price Per Sq Ft: 381.25
  • Above Grade Finished Sq Ft: 2400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 16

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Upper Level 2 Full Bathrooms: 1
  • Upper Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Vinyl Siding
  • Roof: Architectural Shingle
  • View: Lake, Pond
  • Water Access: No
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes
  • Water Frontage In Feet: 15

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Security: Monitored
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 535.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 668.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Swimming Pool, Club House
  • HOA Condo Co-Op Fee Includes: Pool(s), Lawn Maintenance, Common Area Maintenance, Trash, Snow Removal, Ext Bldg Maint
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground

Fee Information

  • Capital Contribution Fee: 1000.00

Schools

  • School District: CAPE HENLOPEN
  • Elementary School: REHOBOTH
  • Middle School: BEACON
  • High School: CAPE HENLOPEN
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 300200396895
  • School District Source: 3rd Party
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Lot Info

  • Land Use Code: 999
  • Lot Features: Landscaping, Backs - Open Common Area, Pond, Partly Wooded
  • Lot Size Acres: 0.20
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8712.00
  • Outdoor Living Structures: Deck(s), Patio(s), Balcony
  • Year Assessed: 2023
  • Zoning: MR
  • In City Limits: No

Building Info

  • Builder Name: Thompson Builders

Rental Info

  • Furnished: Partially
  • Pets Allowed: No
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • School Tax: 1071.00
  • Assessor Parcel Number: 334-13.00-363.02-48
  • Tax Total Finished Sq Ft: 341
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 06/07/2024

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2024
Closed on
Jun 7, 2024
Sold by
Applegate Richard R and Applegate Alice A
Bought by
Boyd Ethna Fidelma and Leskey Tracy
Seller's Agent
Krystal Casey
Keller Williams Realty
Buyer's Agent
Jamie Coleman
Patterson-Schwartz-Rehoboth
List Price
$915,000
Sold Price
$906,000
Premium/Discount to List
-$9,000
-0.98%
Views
52
Current Estimated Value
$889,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,845
Avg. Annual Appreciation
-1.41%
Original Mortgage
$679,500
Outstanding Balance
$644,534
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$244,621
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Boyd Ethna Fidelma $906,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boyd Ethna Fidelma $679,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2024 06/07/24 Sold $906,000 -1.0% $378 / Sq Ft
04/17/2024 04/17/24 Pending -- -- --
03/21/2024 03/21/24 For Sale $915,000 0.0% $381 / Sq Ft
02/13/2023 02/13/23 Rented $2,450 0.0% --
02/07/2023 02/07/23 For Rent $2,450 0.0% --
09/25/2015 09/25/15 Sold $550,000 0.0% $239 / Sq Ft
08/13/2015 08/13/15 Pending -- -- --
02/16/2015 02/16/15 For Sale $550,000 -- $239 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,421 $23,900 $0 $23,900
2024 $1,227 $23,900 $0 $23,900
2023 $1,226 $23,900 $0 $23,900
2022 $1,183 $23,900 $0 $23,900
2021 $1,173 $23,900 $0 $23,900
2020 $1,169 $23,900 $0 $23,900
2019 $1,171 $23,900 $0 $23,900
2018 $1,093 $24,900 $0 $0
2017 $1,047 $24,900 $0 $0
2016 $995 $24,900 $0 $0
2015 $950 $24,900 $0 $0
2014 $943 $24,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2058448

Bright MLS

APN: 334-13.00-363.02-48