20784 East Dr Unit 507 Rehoboth Beach, DE 19971
1
Bed
1.5
Baths
1,100
Sq Ft
$487/mo
HOA Fee
Highlights
- Pond View
- 1 Fireplace
- Community Pool
- Rehoboth Elementary School Rated A
- Furnished
- Central Air
About This Home
As of May 2025Welcome to the desirable community of Spring Lake! This well-maintained one-bedroom, one-and-a-half-bath condo offers the perfect blend of comfort and convenience. Previously a rental, this home is in immaculate condition and doesn’t show like one. Being sold fully furnished, it’s ready for immediate enjoyment by its new owners.A standout feature of this condo is the queen-sized Murphy bed in the living room, providing extra sleeping space and enhancing its rental potential. This phase of Spring Lake allows for weekly rentals, making it a fantastic income-generating opportunity. Just steps away, enjoy the community pool, and take a short stroll to the beach, as well as all the fantastic shops and restaurants in downtown Rehoboth and vibrant Dewey Beach. For those who love nature, the peaceful walking trails in the Thompson Island Preserve along Rehoboth Bay offer a perfect escape.This condo is priced to sell and provides a wonderful opportunity to add your own personal touch. Whether you're seeking a vacation home, an investment property, or a primary residence, this Spring Lake gem is ready for you to make it your own!
Last Agent to Sell the Property
Jack Lingo - Rehoboth License #RS-001-4869 Listed on: 11/03/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,210
Year Built
- Built in 1988
HOA Fees
- $487 Monthly HOA Fees
Parking
- On-Street Parking
Home Design
- Slab Foundation
- Architectural Shingle Roof
- HardiePlank Type
- Cedar
Interior Spaces
- 1,100 Sq Ft Home
- Property has 1 Level
- Furnished
- Ceiling Fan
- 1 Fireplace
- Window Treatments
- Pond Views
Kitchen
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 1 Main Level Bedroom
Laundry
- Dryer
- Washer
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 20.00
- Assessor Parcel Number 334-20.00-1.00-507
Community Details
Overview
- $1,500 Capital Contribution Fee
- Association fees include common area maintenance, exterior building maintenance
- Low-Rise Condominium
- Spring Lake Subdivision
Recreation
- Community Pool
Pet Policy
- Limit on the number of pets
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 3, 2024
Closed on
May 5, 2025
Sold by
Aguon Raphael A
Bought by
Cheek James Patrick and Donatelli Anthony Luigi
Seller's Agent
Christina Haag
Jack Lingo - Rehoboth
Buyer's Agent
Justin Noble
TTR Sotheby's International Realty
List Price
$425,000
Sold Price
$399,000
Premium/Discount to List
-$26,000
-6.12%
Views
88
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
224.34%
Original Mortgage
$279,300
Outstanding Balance
$279,062
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$191,388
Purchase Details
Closed on
Aug 9, 2002
Bought by
Aguon Raphael A
Similar Homes in Rehoboth Beach, DE
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $399,000 | None Listed On Document | |
| Deed | $399,000 | None Listed On Document | |
| Deed | $185,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $279,300 | New Conventional | |
| Closed | $279,300 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/05/2025 05/05/25 | Sold | $399,000 | -6.1% | $363 / Sq Ft |
| 02/27/2025 02/27/25 | For Sale | $425,000 | 0.0% | $386 / Sq Ft |
| 12/02/2024 12/02/24 | Off Market | $425,000 | -- | -- |
| 11/03/2024 11/03/24 | For Sale | $425,000 | -- | $386 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $1,529 | $22,950 | $0 | $22,950 |
| 2023 | $1,528 | $22,950 | $0 | $22,950 |
| 2022 | $1,485 | $22,950 | $0 | $22,950 |
| 2021 | $1,475 | $22,950 | $0 | $22,950 |
| 2020 | $1,470 | $22,950 | $0 | $22,950 |
| 2019 | $1,450 | $22,950 | $0 | $22,950 |
| 2018 | $1,078 | $24,550 | $0 | $0 |
| 2017 | $1,032 | $24,550 | $0 | $0 |
| 2016 | $989 | $24,550 | $0 | $0 |
| 2015 | $945 | $24,550 | $0 | $0 |
| 2014 | $939 | $24,550 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Christina Haag
Seller's Agent in 2025
Christina Haag
Jack Lingo - Rehoboth
(302) 227-3883
24 in this area
37 Total Sales
-
Molly Bayard
Seller Co-Listing Agent in 2025
Molly Bayard
Jack Lingo - Rehoboth
(302) 381-0839
35 in this area
115 Total Sales
-
Justin Noble
Buyer's Agent in 2025
Justin Noble
TTR Sotheby's International Realty
(302) 897-7499
2 in this area
59 Total Sales
Map
Source: Bright MLS
MLS Number: DESU2073464
APN: 334-20.00-1.00-507
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