NOT LISTED FOR SALE

20378 Silver Lake Dr Unit 6 Rehoboth Beach, DE 19971

Estimated Value: $798,958 - $2,834,000

5 Beds
4.5 Baths
6,128 Sq Ft
$733/mo HOA Fee

Last Sold July 10, 2020

Last sale price $1,750,000 $286 Per Sq Ft

Current estimated payment $10,503/month

Highlights

  • Ocean View
  • Primary bedroom faces the ocean
  • Canoe or Kayak Water Access
  • Rehoboth Elementary School Rated A
  • Home fronts navigable water
  • Penthouse

About This Home

As of July 2020

The Jewel of Silver Lake Drive. Step into the 3D virtual tour. Experience this 5 bedroom 4.5 bath residence. Professionally decorated fine furnishings boasts 6128 Square feet one-of-a-kind duplex Penthouse. With gracious rooms for relaxing and entertaining. Very bright unit with ten skylights. Three of the four balconies provide stunning vistas of the Atlantic Ocean and the Shores of Silver Lake totaling 2000 Sq Ft. A car collectors dream with your six car garage. Three additional outside parking spaces available. The gracious marble foyer leads to the dramatic dining room with a gas fireplace and marble flooring. The main Salon offers one of the three gas fireplaces throughout. Hardwood flooring. Designer lighting throughout. Enhances the ideal environment for entertaining and luxurious daily living alike. The main floor offers four bedrooms The private Master Suite which enjoys a private balcony overlooking the lake with ocean views .A walk-in wardrobe, a spa-like master bath elegantly appointed with marble flooring, soaking tub, separate shower and private water closet. There are three zoned heating and air conditioning units. Electric power storm shutters throughout the unit. Sprinklers throughout the entire building. The 1000 Sq.ft separate level guest quarters .offers a private balcony, Grand fireplace with imported tile work. Hardwood flooring . With a dramatic bedroom with soaring ceilings, private bath. This penthouse defines ultimate waterfront living with no detail spared. MAKE THIS YOUR BEACH RETREAT TODAY !!

Last Agent to Sell the Property

Russell Stucki

(302) 228-7871 russellstucki@remax.net RE/MAX Realty Group Rehoboth Listed on: 07/03/2019

RE/MAX Realty Group Rehoboth

Last Buyer's Agent

Kathleen Schell

(302) 841-0549 kathleen.Schell@oasir.net Monument Sotheby's International Realty

Monument Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,637

Year Built

  • Built in 1997

Lot Details

  • Home fronts navigable water
  • Sprinkler System

HOA Fees

  • $733 Monthly HOA Fees

Parking

  • 6 Car Attached Garage
  • 3 Open Parking Spaces
  • Garage Door Opener
  • Driveway
  • Parking Lot

Property Views

  • Ocean
  • Lake

Home Design

  • Penthouse
  • Contemporary Architecture
  • Entry on the 1st floor
  • Architectural Shingle Roof
  • Stick Built Home
  • Dryvit Stucco

Interior Spaces

  • 6,128 Sq Ft Home
  • Property has 3 Levels
  • Traditional Floor Plan
  • Furnished
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • 3 Fireplaces
  • Marble Fireplace
  • Fireplace Mantel
  • Gas Fireplace
  • Window Treatments
  • Formal Dining Room
  • Intercom
  • Attic

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Butlers Pantry
  • Built-In Double Oven
  • Down Draft Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal
  • Instant Hot Water

Flooring

  • Wood
  • Carpet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • Primary bedroom faces the ocean
  • En-Suite Bathroom
  • Cedar Closet
  • Walk-In Closet
  • Soaking Tub
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed
  • More Than Two Accessible Exits

Outdoor Features

  • Canoe or Kayak Water Access
  • Property is near a lake
  • Non Powered Boats Only
  • Multiple Balconies
  • Exterior Lighting
  • Wrap Around Porch

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Air Filtration System
  • Heat Pump System
  • Vented Exhaust Fan
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 334-20.09-122.00-6

Community Details

Overview

  • Association fees include all ground fee, common area maintenance, exterior building maintenance, insurance, lawn care front, lawn care rear, lawn care side, lawn maintenance, reserve funds
  • 5 Units
  • Lake House Community
  • Silver Lake Shores Subdivision

Amenities

  • Community Storage Space
  • Elevator

Recreation

  • Fishing Allowed

Security

  • Security Service
  • Fire and Smoke Detector
  • Fire Sprinkler System
  • Fire Escape

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,637

Year Built

Built in 1997

Lot Details

0

HOA Fees

$733 per month

Parking

6

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: 2+ Access Exits, Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1997
  • Remarks Public: The Jewel of Silver Lake Drive. Step into the 3D virtual tour. Experience this 5 bedroom 4.5 bath residence. Professionally decorated fine furnishings boasts 6128 Square feet one-of-a-kind duplex Penthouse. With gracious rooms for relaxing and entertaining. Very bright unit with ten skylights. Three of the four balconies provide stunning vistas of the Atlantic Ocean and the Shores of Silver Lake totaling 2000 Sq Ft. A car collectors dream with your six car garage. Three additional outside parking spaces available. The gracious marble foyer leads to the dramatic dining room with a gas fireplace and marble flooring. The main Salon offers one of the three gas fireplaces throughout. Hardwood flooring. Designer lighting throughout. Enhances the ideal environment for entertaining and luxurious daily living alike. The main floor offers four bedrooms The private Master Suite which enjoys a private balcony overlooking the lake with ocean views .A walk-in wardrobe, a spa-like master bath elegantly appointed with marble flooring, soaking tub, separate shower and private water closet. There are three zoned heating and air conditioning units. Electric power storm shutters throughout the unit. Sprinklers throughout the entire building. The 1000 Sq.ft separate level guest quarters .offers a private balcony, Grand fireplace with imported tile work. Hardwood flooring . With a dramatic bedroom with soaring ceilings, private bath. This penthouse defines ultimate waterfront living with no detail spared. MAKE THIS YOUR BEACH RETREAT TODAY !!
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Cooktop - Down Draft, Dishwasher, Disposal, Dryer - Electric, Intercom, Oven - Wall, Oven - Double, Refrigerator, Washer, Water Heater, Microwave, Instant Hot Water, Exhaust Fan
  • Entry Floor: 1
  • Flooring Type: Carpet, Ceramic Tile, Hardwood, Marble
  • Interior Amenities: Attic, Built-Ins, Breakfast Area, Butlers Pantry, Carpet, Cedar Closet(s), Ceiling Fan(s), Air Filter System, Crown Moldings, Elevator, Entry Level Bedroom, Floor Plan - Traditional, Formal/Separate Dining Room, Intercom, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Primary Bedroom - Ocean Front, Pantry, Recessed Lighting, Skylight(s), Soaking Tub, Sprinkler System, Tub Shower, Upgraded Countertops, Walk-In Closet(s), Window Treatments, Wood Floors
  • Fireplace Features: Gas/Propane, Mantel(s), Marble
  • Fireplaces Count: 3
  • Fireplace: Yes
  • Levels Count: 3
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 6128
  • Living Area Sq Ft: 6128
  • Price Per Sq Ft: 325.55
  • Above Grade Finished Sq Ft: 6128
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 20378

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 5
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 5.00
  • Main Level Full Bathrooms: 4
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete, Dryvit, Stick Built
  • Exterior Features: Exterior Lighting, Fire Escape, Underground Lawn Sprinkler, Lawn Sprinkler
  • Roof: Architectural Shingle
  • View: Lake, Ocean
  • Water Access Features: Fishing Allowed, Canoe/Kayak, Boat - Non Powered Only
  • Water Access: Yes
  • Water Body Name: Silver Lake
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 6.00
  • Garage: Yes
  • Open Parking Spaces Count: 3
  • Garage Features: Garage Door Opener, Oversized
  • Attached Garage Spaces: 6
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Driveway, Attached Garage, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Security: Fire Detection System, Intercom, Main Entrance Lock, Smoke Detector, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 8800.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Elevator, Extra Storage, Security
  • HOA Condo Co-Op Fee Includes: All Ground Fee, Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Reserve Funds
  • HOA: No
  • Senior Community: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 77350.00
  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balconies- Multiple, Wrap Around
  • Year Assessed: 2019
  • Zoning: L
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5202953
  • School Tax: 3293.00
  • Tax Annual Amount: 3637.00
  • Assessor Parcel Number: 334-20.09-122.00-6
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2019
  • Close Date: 07/10/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2019
Closed on
Jul 8, 2020
Sold by
Roffman Marvin B
Bought by
Conly Brian D and Conley Erika M
Seller's Agent
Russell Stucki
RE/MAX Realty Group Rehoboth
Buyer's Agent
Kathleen Schell
Monument Sotheby's International Realty
List Price
$2,350,000
Sold Price
$1,750,000
Premium/Discount to List
-$600,000
-25.53%
Current Estimated Value
$1,757,240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,240
Avg. Annual Appreciation
0.27%

Purchase Details

Closed on
Dec 15, 2000
Bought by
Roffman Marvin B
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Conly Brian D $1,750,000 None Available
Roffman Marvin B $800,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2020 07/10/20 Sold $1,750,000 -12.3% $286 / Sq Ft
06/29/2020 06/29/20 Pending -- -- --
05/30/2020 05/30/20 Price Changed $1,995,000 -15.1% $326 / Sq Ft
05/29/2020 05/29/20 For Sale $2,350,000 +34.3% $383 / Sq Ft
03/25/2020 03/25/20 Off Market $1,750,000 -- --
07/03/2019 07/03/19 For Sale $2,350,000 -- $383 / 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 $5,450 $77,350 $0 $77,350
2024 $4,737 $77,350 $0 $77,350
2023 $4,733 $77,350 $0 $77,350
2022 $4,580 $77,350 $0 $77,350
2021 $4,540 $77,350 $0 $77,350
2020 $4,527 $77,350 $0 $77,350
2019 $4,511 $77,350 $0 $77,350
2018 $3,937 $89,650 $0 $0
2017 $3,770 $89,650 $0 $0
2016 $3,609 $89,650 $0 $0
2015 $3,450 $89,650 $0 $0
2014 $3,425 $89,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU143414

Bright MLS

APN: 334-20.09-122.00-6