NOT LISTED FOR SALE

18864 Shearwater Dr Unit 5 Rehoboth Beach, DE 19971

Estimated Value: $443,750 - $665,000

3 Beds
3.5 Baths
2,000 Sq Ft
$292/Sq Ft Est. Value

Last Sold April 23, 2021

Last sale price $430,000 $215 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,396/month

Highlights

  • Fitness Center
  • Open Floorplan
  • Coastal Architecture
  • Rehoboth Elementary School Rated A
  • Clubhouse
  • Wood Flooring

About This Home

As of April 2021

This like new townhome offers a blank canvas to any buyer seeking to design their dream beach home or seeking a beach property for rental income. Home boasts three bedrooms with ensuite baths. Open concept main floor. Ground level has walk out porch off back, great for grilling. Second level (main) has screened in deck. Third level deck off master bedroom. Sellers are first and only owners, who bought the last unit in the community in August 2018. Well kept, with original neutral colors throughout. Easy access to Rt. 1. Walking distance to Tanger Outlets. Private gate to Junction & Breakwater walk/bike trail between Rehoboth & Lewes. Short drive or bike ride or long walk to Rehoboth beach and boardwalk. Close proximity to the community pool.

Last Agent to Sell the Property

Angela Houchins

(609) 458-5702 angela.houchins@lnf.com Long & Foster Real Estate, Inc. Listed on: 02/25/2021

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Angela Houchins

(609) 458-5702 angela.houchins@lnf.com Long & Foster Real Estate, Inc. Listed on: 02/25/2021

Long & Foster Real Estate, Inc.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,406

Year Built

  • Built in 2015

Lot Details

  • Property is in very good condition

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • 2 Driveway Spaces
  • Front Facing Garage

Home Design

  • Coastal Architecture
  • Entry on the 1st floor
  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Aluminum Siding
  • Stone Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Walk-In Closet

Schools

  • Cape Henlopen High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Propane
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 334-13.00-350.00-5

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, lawn maintenance, pool(s), recreation facility, road maintenance, snow removal, trash
  • Tidewater Property Management HOA
  • Built by LC Homes
  • Rehoboth Crossing Subdivision
  • Property Manager

Amenities

  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,406

Year Built

Built in 2015

Lot Details

0

HOA Fees

$200 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2021-02-25
  • Federal Flood Zone: No
  • Year Built: 2015
  • Automatically Close On Close Date: No
  • Remarks Public: This like new townhome offers a blank canvas to any buyer seeking to design their dream beach home or seeking a beach property for rental income. Home boasts three bedrooms with ensuite baths. Open concept main floor. Ground level has walk out porch off back, great for grilling. Second level (main) has screened in deck. Third level deck off master bedroom. Sellers are first and only owners, who bought the last unit in the community in August 2018. Well kept, with original neutral colors throughout. Easy access to Rt. 1. Walking distance to Tanger Outlets. Private gate to Junction & Breakwater walk/bike trail between Rehoboth & Lewes. Short drive or bike ride or long walk to Rehoboth beach and boardwalk. Close proximity to the community pool.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Oven/Range - Electric, Exhaust Fan, Refrigerator, Stainless Steel Appliances
  • Entry Floor: 1
  • Flooring Type: Hardwood
  • Interior Amenities: Ceiling Fan(s), Carpet, Entry Level Bedroom, Floor Plan - Open, Kitchen - Eat-In, Recessed Lighting, Walk-In Closet(s), Wood Floors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Kitchen, Bathroom 1, Bathroom 2, Bathroom 3
  • Basement: No
  • Laundry Type: Hookup
  • Total Sq Ft: 2000
  • Living Area Sq Ft: 2000
  • Price Per Sq Ft: 219.95
  • Above Grade Finished Sq Ft: 2000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 18864

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Frame, Aluminum Siding, Stone
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway, Attached Garage
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Propane
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 600.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Club House, Exercise Room, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Pool(s), Recreation Facility, Road Maintenance, Snow Removal, Trash
  • HOA Name: TIDEWATER PROPERTY MANAGEMENT
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Fenced, In Ground

Schools

  • School District: CAPE HENLOPEN
  • High School: CAPE HENLOPEN
  • High School Source: Listing Agent
  • School District Key: 300200396895
  • School District Source: Listing Agent
  • High School: CAPE HENLOPEN

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 29350.00
  • Land Assessed Value: 600.00
  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: C-1
  • In City Limits: No

Building Info

  • Builder Name: LC Homes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 9651427
  • School Tax: 1273.00
  • Tax Annual Amount: 1406.00
  • Assessor Parcel Number: 334-13.00-350.00-5
  • Tax Total Finished Sq Ft: 504
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 04/23/2021

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2021
Closed on
Apr 18, 2021
Sold by
Houchins Damon L and Houchins Angela M
Bought by
Riegel Perry and Riegel Elaine
Seller's Agent
Angela Houchins
Long & Foster Real Estate, Inc.
Buyer's Agent
Angela Houchins
Long & Foster Real Estate, Inc.
List Price
$439,900
Sold Price
$430,000
Premium/Discount to List
-$9,900
-2.25%
Current Estimated Value
$584,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,688
Avg. Annual Appreciation
7.15%
Original Mortgage
$190,000
Outstanding Balance
$171,821
Interest Rate
3.1%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$412,867
Source: Public Records

Range of Values:

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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
Riegel Perry $430,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riegel Perry $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2021 04/23/21 Sold $430,000 -2.3% $215 / Sq Ft
03/03/2021 03/03/21 Pending -- -- --
02/25/2021 02/25/21 For Sale $439,900 +13.4% $220 / Sq Ft
08/31/2018 08/31/18 Sold $388,000 0.0% $196 / Sq Ft
06/18/2018 06/18/18 Pending -- -- --
06/18/2018 06/18/18 Price Changed $388,000 +3.2% $196 / Sq Ft
10/21/2015 10/21/15 For Sale $375,919 -- $190 / 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 $1,155 $29,350 $0 $29,350
2024 $1,476 $29,350 $0 $29,350
2023 $1,475 $29,350 $0 $29,350
2022 $1,423 $29,350 $0 $29,350
2021 $1,410 $29,350 $0 $29,350
2020 $1,406 $29,350 $0 $29,350
2019 $93 $29,350 $0 $29,350
2018 $1,315 $29,950 $0 $0
2017 $1,260 $29,950 $0 $0
2016 $1,172 $29,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU177400

Bright MLS

APN: 334-13.00-0350.00- 5