NOT LISTED FOR SALE

20378 Silver Lake Dr Unit 5 Rehoboth Beach, DE 19971

Estimated Value: $716,553 - $2,285,000

3 Beds
5 Baths
3,500 Sq Ft
$667/mo HOA Fee

Last Sold April 07, 2017

Last sale price $1,225,000 $350 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,842/month

Highlights

  • Lake View
  • Waterfront
  • Wood Flooring
  • Rehoboth Elementary School Rated A
  • Contemporary Architecture
  • Great Room

About This Home

As of April 2017

SCENIC SILVER LAKE VISTAS! Seize this rare opportunity to enjoy one of the most iconic views of Rehoboth Beach. Exclusive panoramic views of Silver Lake, one of Rehoboth's most beautiful natural features, with peeks of the ocean beyond are yours. This stylish and elegantly appointed sea-side residence is a breath of fresh air, complete with fresh paint and numerous interior features, including fantastic open floor plan with 2 living rooms (one of which can be converted into a 4th bedroom), gorgeous master suite with fire place, private balcony, spa-like bath and 2 large walk-in closets, two other generously sized bedrooms with en-suite baths, and so much more! Parking and storage is a breeze with oversized 2-car garage. Forget about permits or meters in the summer, simply walk, bike, or trolley from your home with ease to downtown Rehoboth, Dewey, or the beach. Truly a must-see. Call today!

Last Agent to Sell the Property

Lee Ann Wilkinson

(302) 278-6726 leeann@leeanngroup.com Berkshire Hathaway HomeServices PenFed Realty License #RA-0002064 Listed on: 02/03/2017

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

DEBBIE REED

(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229

RE/MAX Realty Group Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,505

Year Built

  • Built in 1997

Lot Details

  • Waterfront
  • Landscaped

HOA Fees

  • $667 Monthly HOA Fees

Parking

  • Shared Driveway

Property Views

  • Lake
  • Pond

Home Design

  • Contemporary Architecture
  • Entry on the 2nd floor
  • Brick Exterior Construction
  • Block Foundation
  • Architectural Shingle Roof
  • Dryvit Stucco
  • Masonry

Interior Spaces

  • 3,500 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Window Screens
  • Great Room
  • Living Room
  • Dining Room
  • Den
  • Intercom

Kitchen

  • Breakfast Area or Nook
  • Built-In Double Oven
  • Electric Oven or Range
  • Cooktop
  • Microwave
  • Extra Refrigerator or Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Stacked Electric Washer and Dryer

Outdoor Features

  • Water Access
  • Property is near a pond
  • Balcony
  • Screened Patio
  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-20.09-122.00-5

Community Details

Overview

  • Low-Rise Condominium
  • Lake House Community
  • Silver Lake Shores Subdivision

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,505

Year Built

Built in 1997

Lot Details

0

HOA Fees

$667 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary, Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Year Built: 1997
  • Remarks Public: SCENIC SILVER LAKE VISTAS! Seize this rare opportunity to enjoy one of the most iconic views of Rehoboth Beach. Exclusive panoramic views of Silver Lake, one of Rehoboth's most beautiful natural features, with peeks of the ocean beyond are yours. This stylish and elegantly appointed sea-side residence is a breath of fresh air, complete with fresh paint and numerous interior features, including fantastic open floor plan with 2 living rooms (one of which can be converted into a 4th bedroom), gorgeous master suite with fire place, private balcony, spa-like bath and 2 large walk-in closets, two other generously sized bedrooms with en-suite baths, and so much more! Parking and storage is a breeze with oversized 2-car garage. Forget about permits or meters in the summer, simply walk, bike, or trolley from your home with ease to downtown Rehoboth, Dewey, or the beach. Truly a must-see. Call today!
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer - Electric, Extra Refrigerator/Freezer, Icemaker, Refrigerator, Intercom, Microwave, Oven/Range - Electric, Oven - Double, Oven - Wall, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 2
  • Flooring Type: Carpet, Hardwood, Tile/Brick
  • Interior Amenities: Breakfast Area, Pantry, Ceiling Fan(s), Window Treatments
  • Window Features: Screens
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Floors In Unit Count: 1
  • Level Count: 1
  • Levels Count: 1
  • Room Count: 9
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Great Room, Laundry, Office, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 3500
  • Living Area Sq Ft: 3500
  • Net Sq Ft: 3500.00
  • Price Per Sq Ft: 357.14
  • Above Grade Finished Sq Ft: 3500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 20378

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Brick, Dryvit
  • Construction Completed: Yes
  • Roof: Architectural Shingle
  • View: Lake, Pond
  • Water Access: Yes
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Shared Driveway, Paved Driveway, Under Home Parking

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 8000.00
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Lot Features: Landscaping
  • Lot Size Units: Acres
  • Outdoor Living Structures: Balcony, Porch(es), Screened
  • Zoning Description: MEDIUM RESIDENTIAL

Building Info

  • Building Features: Elevator

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5202952
  • Assessor Parcel Number: 334-20.09-122.00-5
  • County Tax Payment Frequency: Annually
  • Close Date: 04/07/2017

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2017
Closed on
Mar 31, 2017
Sold by
Amended And Restated Rev Trust Of Louis
Bought by
Linda A Darr Rev Trust Dated Nov 5 2002
Seller's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
List Price
$1,250,000
Sold Price
$1,225,000
Premium/Discount to List
-$25,000
-2%
Current Estimated Value
$1,298,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,388
Avg. Annual Appreciation
-0.13%
Source: Public Records

Range of Values:

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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
Linda A Darr Rev Trust Dated Nov 5 2002 $1,225,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2017 04/07/17 Sold $1,225,000 -2.0% $350 / Sq Ft
03/10/2017 03/10/17 Pending -- -- --
02/03/2017 02/03/17 For Sale $1,250,000 -- $357 / 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 $3,505 $51,400 $0 $51,400
2024 $3,458 $51,400 $0 $51,400
2023 $3,456 $51,400 $0 $51,400
2022 $3,346 $51,400 $0 $51,400
2021 $3,318 $51,400 $0 $51,400
2020 $3,308 $51,400 $0 $51,400
2019 $3,291 $51,400 $0 $51,400
2018 $2,797 $63,700 $0 $0
2017 $2,679 $63,700 $0 $0
2016 $2,073 $63,700 $0 $0
2015 $1,960 $63,700 $0 $0
2014 $1,942 $63,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lee Ann Wilkinson

    Seller's Agent in 2017

    Lee Ann Wilkinson

    BHHS PenFed (actual)

    (302) 278-6726

    221 in this area

    1,883 Total Sales

    Lee Ann Wilkinson
    Section Image
  • DEBBIE REED

    Buyer's Agent in 2017

    DEBBIE REED

    RE/MAX

    (302) 227-3818

    274 in this area

    835 Total Sales

    DEBBIE REED
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001025552

Bright MLS

APN: 334-20.09-122.00-5

Delaware Sussex County Rehoboth Beach 19971

20378 Silver Lake Dr Unit 5, Rehoboth Beach, DE

This home is located at 20378 Silver Lake Dr Unit 5, Rehoboth Beach, DE 19971 since 03 February 2017 and is currently estimated at $1,298,388, approximately $370 per square foot. This property was built in 1997. 20378 Silver Lake Dr Unit 5 is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

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