NOT LISTED FOR SALE

20722 Spring Lake Dr Unit 102 Rehoboth Beach, DE 19971

Estimated Value: $614,000 - $725,000

3 Beds
4 Baths
-- Sq Ft
$280/mo HOA Fee

Last Sold September 25, 2020

Last sale price $400,000

Est. 65% increase in value since last sale

Current estimated payment $3,884/month

Highlights

  • Water Access
  • Lake View
  • Contemporary Architecture
  • Rehoboth Elementary School Rated A
  • Open Floorplan
  • Property borders a national or state park

About This Home

As of September 2020

Rare Opportunity for a 3 Bedroom, 2 Full and 2 Half Bath townhome in the much loved Spring Lake Community of Rehoboth Beach. Easy bike or walk to the beach and downtown Rehoboth or the Thompson Island State Park Trail. This home was the family summer home and never rented, but would make for an excellent vacation rental property. Being offered fully furnished with minor exceptions. Enjoy the open plan design with granite countertops, stainless appliances, gas range, gas fireplace all open to a beautiful paver patio that backs to lush green landscaping and the lake. This quintessential beach house offers plenty of storage for all your bikes and beach toys as well as an outdoor shower. This is the only unit available in Spring Lake..... act quickly!

Last Agent to Sell the Property

Babs Morales

(302) 841-0797 babs@sellingdelawarehomes.com Berkshire Hathaway HomeServices PenFed Realty License #RS-0016340 Listed on: 08/19/2020

Berkshire Hathaway HomeServices PenFed Realty

Co-Listed By

Gale DiBona

(610) 405-8229 gale@sellingdelawarehomes.com Berkshire Hathaway HomeServices PenFed Realty License #RS-0024196

Last Buyer's Agent

Lucius Webb

(302) 258-4590 luciusrwebb@yahoo.com Jack Lingo - Rehoboth License #RS-0017469

Jack Lingo - Rehoboth

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,187

Year Built

  • Built in 1981

Lot Details

  • Property borders a national or state park
  • Backs To Open Common Area
  • Landscaped

HOA Fees

  • $280 Monthly HOA Fees

Property Views

  • Lake
  • Woods

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Family Room Off Kitchen
  • Combination Dining and Living Room

Kitchen

  • Galley Kitchen
  • Gas Oven or Range
  • Built-In Range
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Parking

  • Parking Lot
  • 2 Assigned Parking Spaces

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near a lake
  • Pond
  • Balcony
  • Patio
  • Shed

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 334-20.00-1.00-102

Community Details

Overview

  • Association fees include exterior building maintenance, common area maintenance, insurance, lawn maintenance, snow removal, trash, pool(s)
  • Spring Lake Subdivision

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,187

Year Built

Built in 1981

Lot Details

0

HOA Fees

$280 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Condominium
  • Exclusions: orange swivel chair, the brown and gray swivel chair and the television in the living room, the Rocking chair in the master bedroom and the outside picnic table.
  • Inclusions: All furnishing with noted exceptions
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2, Upper 3
  • Federal Flood Zone: No
  • Year Built: 1981
  • Automatically Close On Close Date: No
  • Remarks Public: Rare Opportunity for a 3 Bedroom, 2 Full and 2 Half Bath townhome in the much loved Spring Lake Community of Rehoboth Beach. Easy bike or walk to the beach and downtown Rehoboth or the Thompson Island State Park Trail. This home was the family summer home and never rented, but would make for an excellent vacation rental property. Being offered fully furnished with minor exceptions. Enjoy the open plan design with granite countertops, stainless appliances, gas range, gas fireplace all open to a beautiful paver patio that backs to lush green landscaping and the lake. This quintessential beach house offers plenty of storage for all your bikes and beach toys as well as an outdoor shower. This is the only unit available in Spring Lake..... act quickly!
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Range, Dishwasher, Disposal, Dryer - Electric, Washer, Water Heater, Refrigerator, Oven/Range - Gas
  • Entry Floor: 1
  • Flooring Type: Carpet, Ceramic Tile
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Kitchen - Galley, Primary Bath(s), Skylight(s), Upgraded Countertops, Floor Plan - Open, Family Room Off Kitchen, Dining Area
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3
  • Room List: Living Room, Primary Bedroom, Kitchen, 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: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1
  • Upper Level 2 Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Wood Siding
  • Exterior Features: Secure Storage, Outside Shower
  • Roof: Shingle
  • View: Trees/Woods, Lake
  • Water Access: Yes
  • Water Body Type: Lake
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 280.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Common Area Maintenance, Insurance, Lawn Maintenance, Snow Removal, Trash, Pool(s)
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RC
  • Lot Features: Backs - Open Common Area, Landscaping, Pond
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Patio(s), Balcony
  • Year Assessed: 2019
  • Zoning: MR
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5201988
  • School Tax: 1075.00
  • Tax Annual Amount: 1187.00
  • Assessor Parcel Number: 334-20.00-1.00-102
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 09/25/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2020
Closed on
Sep 25, 2020
Sold by
Michael Ellis
Bought by
Myers Robert and Meyers Kathleen
Seller's Agent
Babs Morales
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Lucius Webb
Jack Lingo - Rehoboth
List Price
$400,000
Sold Price
$400,000
Current Estimated Value
$658,008

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,008
Avg. Annual Appreciation
10.45%
Original Mortgage
$320,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2010
Bought by
Marra Anthony M and Marra Linda H

Purchase Details

Closed on
Mar 31, 2010
Bought by
Marra Anthony M and Marra Linda H
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
Myers Robert -- Hudson Jones Jaywork & Fisher
Ellis Michael $400,000 None Available
Marra Anthony M $300,000 --
Marra Anthony M $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ellis Michael $320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2020 09/25/20 Sold $400,000 0.0% --
08/19/2020 08/19/20 Pending -- -- --
08/19/2020 08/19/20 For Sale $400,000 -- --
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 $1,391 $25,250 $0 $25,250
2024 $1,837 $25,250 $0 $25,250
2023 $1,835 $25,250 $0 $25,250
2022 $1,782 $25,250 $0 $25,250
2021 $1,769 $25,250 $0 $25,250
2020 $1,764 $25,250 $0 $25,250
2019 $1,744 $25,250 $0 $25,250
2018 $1,353 $30,800 $0 $0
2017 $1,295 $30,800 $0 $0
2016 $1,239 $30,800 $0 $0
2015 $1,184 $30,800 $0 $0
2014 $1,175 $30,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Babs Morales

    Seller's Agent in 2020

    Babs Morales

    BHHS PenFed (actual)

    (302) 841-0797

    33 in this area

    50 Total Sales

    Babs Morales
    Section Image

  • G

    Seller Co-Listing Agent in 2020

    Gale DiBona

    BHHS PenFed (actual)

    (610) 405-8229

    9 in this area

    16 Total Sales

    Gale DiBona
    Section Image
  • Lucius Webb

    Buyer's Agent in 2020

    Lucius Webb

    Jack Lingo - Rehoboth

    (302) 258-4590

    31 in this area

    93 Total Sales

    Lucius Webb
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU166784

Bright MLS

APN: 334-20.00-1.00-102

Delaware Sussex County Rehoboth Beach 19971

20722 Spring Lake Dr Unit 102, Rehoboth Beach, DE

This home is located at 20722 Spring Lake Dr Unit 102, Rehoboth Beach, DE 19971 since 19 August 2020 and is currently estimated at $658,008. This property was built in 1981. 20722 Spring Lake Dr Unit 102 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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