NOT LISTED FOR SALE

20540 Washington St Rehoboth Beach, DE 19971

Estimated Value: $598,404 - $692,000

3 Beds
2 Baths
1,646 Sq Ft
$388/Sq Ft Est. Value

Last Sold July 07, 2022

Last sale price $522,500 $317 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,533/month

Highlights

  • A-Frame Home
  • Deck
  • Main Floor Bedroom
  • Rehoboth Elementary School Rated A
  • Vaulted Ceiling
  • No HOA

About This Home

As of July 2022

2 Dwellings on 1 Lot in Rehoboth Beach ... WOW GREAT INVESTMENT OPPORTUNITY to own in Rehoboth Manor just 1/10 of a mile to Downtown Rehoboth and Dewey Beach. The "A" Frame Style Home is approx. 1,150 sq. ft. featuring 2 Upper Level Bedrooms with open concept on 1st Level and Full Bath. The Bungalow is approx. 500 sq.ft. with 1 Bedroom, Full Bath and a Deck great for relaxation. Ample Off street parking and Includes 2 Large Sheds which is perfect for all of your Beach Gear and outdoor toys! Both dwellings currently generating nearly $29K per year in rental income. Current tenants on month to month Leases. 24 Hour Notice required for showings. Contact me for your personal tour !

Last Agent to Sell the Property

Lauren Smith

(410) 245-9915 laurenasmith@kw.com Keller Williams Realty License #246971 Listed on: 05/26/2022

Keller Williams Realty

Last Buyer's Agent

David Hammond

(443) 366-2699 davenpattyhammond@gmail.com Coldwell Banker Realty License #RS0025845

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,721

Year Built

  • Built in 1970

Lot Details

  • 7,841 Sq Ft Lot
  • No Through Street
  • Back Yard
  • Property is zoned GR

Home Design

  • A-Frame Home
  • Bungalow
  • Block Foundation
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,646 Sq Ft Home
  • Property has 2 Levels
  • Vaulted Ceiling
  • Family Room
  • Living Room
  • Storm Windows

Kitchen

  • Galley Kitchen
  • Range Hood
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • 6 Driveway Spaces
  • Dirt Driveway
  • Off-Street Parking

Outdoor Features

  • Deck
  • Shed

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Powered By Owned Propane
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Rehoboth Manor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-19.12-9.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,721

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: A-Frame, Bungalow
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Shed
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2022-05-27
  • Federal Flood Zone: No
  • Year Built: 1970
  • Automatically Close On Close Date: No
  • Remarks Public: 2 Dwellings on 1 Lot in Rehoboth Beach ... WOW GREAT INVESTMENT OPPORTUNITY to own in Rehoboth Manor just 1/10 of a mile to Downtown Rehoboth and Dewey Beach. The "A" Frame Style Home is approx. 1,150 sq. ft. featuring 2 Upper Level Bedrooms with open concept on 1st Level and Full Bath. The Bungalow is approx. 500 sq.ft. with 1 Bedroom, Full Bath and a Deck great for relaxation. Ample Off street parking and Includes 2 Large Sheds which is perfect for all of your Beach Gear and outdoor toys! Both dwellings currently generating nearly $29K per year in rental income. Current tenants on month to month Leases. 24 Hour Notice required for showings. Contact me for your personal tour !
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Range Hood, Washer, Dryer - Electric
  • Flooring Type: Vinyl, Carpet
  • Interior Amenities: Kitchen - Galley, Entry Level Bedroom
  • Window Features: Storm
  • Fireplace: No
  • Wall Ceiling Types: Vaulted Ceilings
  • Foundation Details: Block
  • Levels Count: 2
  • Room Count: 9
  • Room List: Living Room, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1
  • Basement: No
  • Total Sq Ft: 1646
  • Living Area Sq Ft: 1646
  • Price Per Sq Ft: 331.11
  • Above Grade Finished Sq Ft: 1646
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 20540 & 20538

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Shed
  • Construction Materials: Stick Built, Vinyl Siding, Wood Siding
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Dirt Driveway
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Off Street, Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit, Window Unit(s)
  • Heating Fuel: Propane - Owned
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Lot Features: No Thru Street, Rear Yard
  • Lot Size Acres: 0.18
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7841.00
  • Outdoor Living Structures: Deck(s)
  • Zoning: GR
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5201795
  • Assessor Parcel Number: 334-19.12-9.00
  • County Tax Payment Frequency: Annually
  • Close Date: 07/07/2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2022
Closed on
Jul 7, 2022
Sold by
Savaliski Shelia A
Bought by
Lanning Sarah P
Seller's Agent
Lauren Smith
Keller Williams Realty
Buyer's Agent
David Hammond
Coldwell Banker Realty
List Price
$545,000
Sold Price
$522,500
Premium/Discount to List
-$22,500
-4.13%
Current Estimated Value
$639,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,851
Avg. Annual Appreciation
6.47%
Original Mortgage
$275,000
Outstanding Balance
$263,127
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$376,225

Purchase Details

Closed on
Sep 12, 2019
Sold by
Schmidt Sharon and Savaliski Shelia
Bought by
Savaliski Shelia A and Deer April L
Source: Public Records

Range of Values:

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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
Lanning Sarah P $522,500 Ridgway Law Group Llc
Savaliski Shelia A $158,203 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lanning Sarah P $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2022 07/07/22 Sold $522,500 -4.1% $317 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
05/26/2022 05/26/22 For Sale $545,000 -- $331 / 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 $1,721 $11,050 $2,050 $9,000
2024 $1,102 $11,050 $2,050 $9,000
2023 $1,102 $11,050 $2,050 $9,000
2022 $1,162 $11,050 $2,050 $9,000
2021 $1,157 $11,050 $2,050 $9,000
2020 $1,154 $11,050 $2,050 $9,000
2019 $1,112 $11,050 $2,050 $9,000
2018 $485 $11,050 $0 $0
2017 $465 $11,050 $0 $0
2016 $485 $11,050 $0 $0
2015 $465 $11,050 $0 $0
2014 $462 $11,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2022444

Bright MLS

APN: 334-19.12-9.00