NOT LISTED FOR SALE

20374 Thompson Way Rehoboth Beach, DE 19971

Estimated Value: $1,113,000 - $1,410,000

3 Beds
2.5 Baths
-- Sq Ft
0.65 Acres

Last Sold February 10, 2025

Last sale price $1,220,000

Est. 3% increase in value since last sale

Current estimated payment $6,744/month

6 Days on Market

Highlights

  • Concrete Pool
  • Eat-In Gourmet Kitchen
  • 0.65 Acre Lot
  • Rehoboth Elementary School Rated A
  • Scenic Views
  • Open Floorplan

About This Home

As of February 2025

Welcome to 20374 Thompson Way! This very special home is fully renovated with 3 bedrooms, plus den and 2.5 bathrooms. The home is nestled in the sought-after Thompson Way enclave. Thompson Way is located at the edge of downtown Rehoboth Beach just off Shuttle Road. As one of only 6 custom homes on large private lots 20374 Thompson Way offers a rare blend of excellent proximity to the beach and uncommon privacy while at home. Relish your enormous .65 acre cul de sac lot where you can enjoy the privacy of a manicured garden, mature treeline and extensive hardscaping as you gather family and friends around the beautiful pool and hot tub. The thoughtfully designed landscaping ensures a beautiful year round low maintenance natural display. Recent updates include new HVAC, roof, flooring, kitchen, bathrooms, enormous three season room with stone fireplace and many more upgrades. Upon entry the welcoming foyer invites you into a spacious living room with a large wood burning brick fireplace and vaulted ceiling. A large glass slider provides seamless access to the rear patio and pool with a well placed powder room located just inside for your guests. Adjacent to the living room is the large dining area open to the stunning gourmet kitchen, equipped with top-of-the-line appliances and an adjacent breakfast room. Elsewhere on the main level, discover the primary bedroom with a walk in closet and a newly renovated en suite bath featuring premium fixtures. Two more bedrooms and another full bath complete the bedroom wing of the house. There is a large laundry room with storage and access to the oversized two car attached garage which also includes expansive storage areas. From the dining room there is easy access to a large comfortable three season family room with a lovely stone front gas fireplace. You will love the stunning beamed ceiling which creates a space that is perfect for entertaining, this room could very easily be converted to year round living space. The three season room overlooks the private backyard and pool. Enjoy being in close proximity to the beach, locally owned shops and restaurants along Rehoboth Avenue, Farmers' Market, 4th of July festivities, the annual Rehoboth Art League art fair and the many other exciting community events nearby. Don't miss the opportunity to make this exceptional property your new home. Revenue producing short term rental allowed (Minimal Rental Restrictions) or simply a spectacular place for family and friends to gather. No HOA fees! Enjoy beach life in one of Rehoboth's best leafy and peaceful enclaves while maintaining complete accessibility to all that Rehoboth has to offer. Ask sellers agent about allowances for adding a separate tiny house (ADU) to the lot for additional possibilities! Do not miss our Open House this weekend.

Last Agent to Sell the Property

Brian Cusick

(202) 276-3413 brian@cusickgroup.com Keller Williams Realty License #RS0038731 Listed on: 01/02/2025

Keller Williams Realty

Last Buyer's Agent

Jamie Coleman

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

Patterson-Schwartz-Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,092

Year Built

  • Built in 1985 | Remodeled in 2017

Lot Details

  • 0.65 Acre Lot
  • Lot Dimensions are 142.00 x 200.00
  • Cul-De-Sac
  • Wrought Iron Fence
  • Landscaped
  • Extensive Hardscape
  • Private Lot
  • Secluded Lot
  • Premium Lot
  • Level Lot
  • Open Lot
  • Sprinkler System
  • Backs to Trees or Woods
  • Back and Front Yard
  • Property is in excellent condition

Parking

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

Property Views

  • Scenic Vista
  • Woods
  • Garden

Home Design

  • Rambler Architecture
  • Architectural Shingle Roof
  • Stick Built Home

Interior Spaces

  • Property has 1 Level
  • Open Floorplan
  • Built-In Features
  • Beamed Ceilings
  • Skylights
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Brick Fireplace
  • Gas Fireplace
  • Window Treatments
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Crawl Space

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • Whirlpool Bathtub

Pool

  • Concrete Pool
  • In Ground Pool
  • Heated Spa
  • Gunite Pool
  • Fence Around Pool

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage
  • Outbuilding

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Well
  • Propane Water Heater

Community Details

  • No Home Owners Association
  • Thompson Way Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 334-19.00-152.04

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,092

Year Built

Built in 1985 | Remodeled in 2017

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2025-01-03
  • Federal Flood Zone: No
  • Year Built: 1985
  • Year Renovated: 2017
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to 20374 Thompson Way! This very special home is fully renovated with 3 bedrooms, plus den and 2.5 bathrooms. The home is nestled in the sought-after Thompson Way enclave. Thompson Way is located at the edge of downtown Rehoboth Beach just off Shuttle Road. As one of only 6 custom homes on large private lots 20374 Thompson Way offers a rare blend of excellent proximity to the beach and uncommon privacy while at home. Relish your enormous .65 acre cul de sac lot where you can enjoy the privacy of a manicured garden, mature treeline and extensive hardscaping as you gather family and friends around the beautiful pool and hot tub. The thoughtfully designed landscaping ensures a beautiful year round low maintenance natural display. Recent updates include new HVAC, roof, flooring, kitchen, bathrooms, enormous three season room with stone fireplace and many more upgrades. Upon entry the welcoming foyer invites you into a spacious living room with a large wood burning brick fireplace and vaulted ceiling. A large glass slider provides seamless access to the rear patio and pool with a well placed powder room located just inside for your guests. Adjacent to the living room is the large dining area open to the stunning gourmet kitchen, equipped with top-of-the-line appliances and an adjacent breakfast room. Elsewhere on the main level, discover the primary bedroom with a walk in closet and a newly renovated en suite bath featuring premium fixtures. Two more bedrooms and another full bath complete the bedroom wing of the house. There is a large laundry room with storage and access to the oversized two car attached garage which also includes expansive storage areas. From the dining room there is easy access to a large comfortable three season family room with a lovely stone front gas fireplace. You will love the stunning beamed ceiling which creates a space that is perfect for entertaining, this room could very easily be converted to year round living space. The three season room overlooks the private backyard and pool. Enjoy being in close proximity to the beach, locally owned shops and restaurants along Rehoboth Avenue, Farmers' Market, 4th of July festivities, the annual Rehoboth Art League art fair and the many other exciting community events nearby. Don't miss the opportunity to make this exceptional property your new home. Revenue producing short term rental allowed (Minimal Rental Restrictions) or simply a spectacular place for family and friends to gather. No HOA fees! Enjoy beach life in one of Rehoboth's best leafy and peaceful enclaves while maintaining complete accessibility to all that Rehoboth has to offer. Ask sellers agent about allowances for adding a separate tiny house (ADU) to the lot for additional possibilities! Do not miss our Open House this weekend.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Area, Built-Ins, Combination Dining/Living, Exposed Beams, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Table Space, Primary Bath(s), Skylight(s), Upgraded Countertops, Walk-In Closet(s), Whirlpool/Hottub, Window Treatments
  • Fireplace Features: Brick, Gas/Propane, Wood
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 20374

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built
  • Exterior Features: Extensive Hardscape, Exterior Lighting, Hot Tub, Lawn Sprinkler, Outbuilding(s), Secure Storage, Sidewalks
  • Pool Features: Concrete, Fenced, Gunite, In Ground
  • Roof: Architectural Shingle
  • Spa Features: Heated, Private
  • Spa: Yes
  • View: Garden/Lawn, Scenic Vista, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric, Propane - Leased
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Fencing: Wrought Iron
  • Land Use Code: 999
  • Lot Features: Backs To Trees, Cul-De-Sac, Front Yard, Landscaping, Level, Open, Premium, Private, Rear Yard, Secluded
  • Lot Size Acres: 0.65
  • Lot Dimensions: 142.00 x 200.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 28314.00
  • Property Condition: Excellent
  • Soil Types: Unknown
  • Year Assessed: 2024
  • Zoning: RESIDENTIAL
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • School Tax: 1903.00
  • Tax Annual Amount: 2092.00
  • Assessor Parcel Number: 334-19.00-152.04
  • Tax Lot: 4
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 02/10/2025

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2025
Closed on
Feb 10, 2025
Sold by
Smith Connie L and Felty Kathleen M
Bought by
Stossel Clark B and Stossel Brie
Seller's Agent
Brian Cusick
Keller Williams Realty
Buyer's Agent
Jamie Coleman
Patterson-Schwartz-Rehoboth
List Price
$1,099,000
Sold Price
$1,220,000
Premium/Discount to List
$121,000
11.01%
Views
22
Current Estimated Value
$1,255,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,336
Avg. Annual Appreciation
4.10%
Original Mortgage
$806,500
Outstanding Balance
$801,651
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$453,685

Purchase Details

Closed on
Oct 6, 2015
Sold by
Nelson Anneliese R and Nelson James A
Bought by
Wells Fargo Bank Na
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
Stossel Clark B $1,220,000 None Listed On Document
Stossel Clark B $1,220,000 None Listed On Document
Wells Fargo Bank Na -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stossel Clark B $806,500
Closed Stossel Clark B $806,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/10/2025 02/10/25 Sold $1,220,000 +11.0% --
01/08/2025 01/08/25 Pending -- -- --
01/02/2025 01/02/25 For Sale $1,099,000 +199.5% --
03/18/2016 03/18/16 Sold $367,000 0.0% $208 / Sq Ft View Prior Sale
02/03/2016 02/03/16 Pending -- -- --
12/07/2015 12/07/15 For Sale $367,000 -- $208 / 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 $1,932 $41,150 $12,400 $28,750
2024 $1,592 $41,150 $12,400 $28,750
2023 $1,590 $41,150 $12,400 $28,750
2022 $1,456 $41,150 $12,400 $28,750
2021 $1,538 $41,150 $12,400 $28,750
2020 $1,532 $41,150 $12,400 $28,750
2019 $1,935 $41,150 $12,400 $28,750
2018 $1,807 $41,150 $0 $0
2017 $1,731 $41,150 $0 $0
2016 $1,632 $40,850 $0 $0
2015 $1,559 $40,850 $0 $0
2014 $1,548 $40,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2076342

Bright MLS

APN: 334-19.00-152.04