NOT LISTED FOR SALE

20722 Spring Lake Dr Unit 101 Rehoboth Beach, DE 19971

Estimated Value: $698,000 - $796,000

3 Beds
2.5 Baths
-- Sq Ft
$405/mo HOA Fee

Last Sold December 09, 2019

Last sale price $475,000

Est. 58% increase in value since last sale

Current estimated payment $4,514/month

Highlights

  • Water Oriented
  • View of Trees or Woods
  • Open Floorplan
  • Rehoboth Elementary School Rated A
  • Waterfront
  • Upgraded Countertops

About This Home

As of December 2019

Unparalleled pond views from this end unit townhouse with private patio that is direct pond-front. The idyllic setting includes a 2nd rear patio overlooking trees and lawn. This may be the best location in Spring Lake, with lots of light, views of the pond and close to the pool. Inside is an open floor plan with two walls of glass (featuring new windows and sliding doors) an updated kitchen, gas fireplace, powder room and laundry/storage room. Additional storage in the shed on the side patio is perfect for bikes and beach chairs. Plus there is a private outdoor shower on the patio. Upstairs is a large master bedroom with its own bath and two guest bedrooms sharing a hall bath. Spring Lake is known for its lush, landscaped open space that you and your pet will love, plus one of the largest outdoor pools in the area. Never rented but great rental potential.

Last Agent to Sell the Property

Randy Mason

(302) 236-1142 randy@jacklingo.com Jack Lingo - Rehoboth License #RA-0003542 Listed on: 10/18/2019

Jack Lingo - Rehoboth

Last Buyer's Agent

Grace Masten

(443) 614-3901 grace@northbeachrealtors.com Sea Grace @ North Beach Realtors

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,794

Year Built

  • Built in 1981

Lot Details

  • Waterfront
  • East Facing Home
  • Property is in very good condition

HOA Fees

  • $405 Monthly HOA Fees

Property Views

  • Pond
  • Woods

Home Design

  • Architectural Shingle Roof
  • Stick Built Home

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • Transom Windows
  • Window Screens
  • Combination Dining and Living Room
  • Carpet
  • Crawl Space

Kitchen

  • Galley Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Electric Dryer
  • Front Loading Washer

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Off-Street Parking
  • 2 Assigned Parking Spaces

Outdoor Features

  • Water Oriented
  • Property is near a pond

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Propane
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 334-20.00-1.00-101

Community Details

Overview

  • $215 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn maintenance, pool(s), reserve funds, road maintenance, snow removal, trash
  • Spring Lake Phase I Condo Associa Condos
  • Spring Lake Subdivision

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,794

Year Built

Built in 1981

Lot Details

0

HOA Fees

$405 per month

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2019-10-18
  • Federal Flood Zone: No
  • Year Built: 1981
  • Remarks Public: Unparalleled pond views from this end unit townhouse with private patio that is direct pond-front. The idyllic setting includes a 2nd rear patio overlooking trees and lawn. This may be the best location in Spring Lake, with lots of light, views of the pond and close to the pool. Inside is an open floor plan with two walls of glass (featuring new windows and sliding doors) an updated kitchen, gas fireplace, powder room and laundry/storage room. Additional storage in the shed on the side patio is perfect for bikes and beach chairs. Plus there is a private outdoor shower on the patio. Upstairs is a large master bedroom with its own bath and two guest bedrooms sharing a hall bath. Spring Lake is known for its lush, landscaped open space that you and your pet will love, plus one of the largest outdoor pools in the area. Never rented but great rental potential.
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Oven/Range - Electric, Stainless Steel Appliances, Washer - Front Loading, Water Heater
  • Interior Amenities: Carpet, Combination Dining/Living, Floor Plan - Open, Kitchen - Galley, Primary Bath(s), Upgraded Countertops, Window Treatments
  • Window Features: Insulated, Screens, Transom
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Kitchen, Laundry, Half Bath
  • Basement: No
  • Laundry Type: Main Floor
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 20722

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built
  • Roof: Architectural Shingle
  • View: Pond, Trees/Woods
  • Water Access: No
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Open Parking Spaces Count: 3
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Propane
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 4856.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Spring Lake Phase I Condo Associa
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Pool(s), Reserve Funds, Road Maintenance, Snow Removal, Trash
  • HOA: No
  • Senior Community: No
  • Community Pool Features: In Ground

Fee Information

  • Capital Contribution Fee: 215.00

Schools

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

Lot Info

  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Very Good
  • Year Assessed: 2019
  • Zoning: MR
  • In City Limits: No

Rental Info

  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1794.00
  • Assessor Parcel Number: 334-20.00-1.00-101
  • Tax Year: 2019
  • Close Date: 12/09/2019

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2019
Closed on
Dec 9, 2019
Sold by
Proctor Daniel K and Hess Jeffrey S
Bought by
Ashley Douglas J and Arrabla Retha J
Seller's Agent
Randy Mason
Jack Lingo - Rehoboth
Buyer's Agent
Grace Masten
Sea Grace @ North Beach Realtors
List Price
$489,000
Sold Price
$475,000
Premium/Discount to List
-$14,000
-2.86%
Current Estimated Value
$750,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,769
Avg. Annual Appreciation
8.21%
Original Mortgage
$399,150
Outstanding Balance
$354,391
Interest Rate
3.6%
Mortgage Type
VA
Estimated Equity
$396,378

Purchase Details

Closed on
Aug 20, 1998
Bought by
Lankford Mary Burt (Trustee)
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
Ashley Douglas J $475,000 None Available
Lankford Mary Burt (Trustee) -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ashley Douglas J $399,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2019 12/09/19 Sold $475,000 -2.9% --
10/19/2019 10/19/19 Pending -- -- --
10/18/2019 10/18/19 For Sale $489,000 -- --
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 $1,541 $30,150 $0 $30,150
2024 $2,199 $30,150 $0 $30,150
2023 $2,197 $30,150 $0 $30,150
2022 $2,132 $30,150 $0 $30,150
2021 $2,115 $30,150 $0 $30,150
2020 $2,109 $30,150 $0 $30,150
2019 $2,090 $30,150 $0 $30,150
2018 $1,675 $38,150 $0 $0
2017 $1,204 $38,150 $0 $0
2016 $1,032 $38,150 $0 $0
2015 $965 $38,150 $0 $0
2014 $954 $38,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Randy Mason

    Seller's Agent in 2019

    Randy Mason

    Jack Lingo - Rehoboth

    (302) 236-1142

    81 in this area

    109 Total Sales

    Randy Mason
    Section Image
  • Grace Masten

    Buyer's Agent in 2019

    Grace Masten

    Sea Grace @ North Beach Realtors

    (443) 614-3901

    78 Total Sales

    Grace Masten
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU149850

Bright MLS

APN: 334-20.00-1.00-101

Delaware Sussex County Rehoboth Beach 19971

20722 Spring Lake Dr Unit 101, Rehoboth Beach, DE

This home is located at 20722 Spring Lake Dr Unit 101, Rehoboth Beach, DE 19971 since 18 October 2019 and is currently estimated at $750,769. This property was built in 1981. 20722 Spring Lake Dr Unit 101 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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