NOT LISTED FOR SALE

20796 East Dr Unit 512 Rehoboth Beach, DE 19971

Estimated Value: $419,000 - $560,000

1 Bed
1.5 Baths
1,122 Sq Ft
$400/mo HOA Fee

Last Sold December 28, 2023

Last sale price $417,000 $372 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,953/month

56 Days on Market

Highlights

  • Scenic Views
  • Open Floorplan
  • Main Floor Bedroom
  • Rehoboth Elementary School Rated A
  • Coastal Architecture
  • Furnished

About This Home

As of December 2023

1BR, 1.5BA Spacious 1st Floor Rehoboth Beach Condo with new Stainless Kitchen Appliances, updated Bathrooms, new ceiling fans & floors. Located in beautiful Spring Lake w/ community pool & mature landscaping and trail to Thompson Island State Park & Rehoboth Bay. Just 5 blocks to the beach. Private covered patio is perfect for entertaining. Storage closet 4 bikes & beach stuff. Bring your friends - Sleeps 4 to 6. Great investment, Rents for $1300+/wk. 2023 rentals $20K. 2 assigned parking spaces.

Last Agent to Sell the Property

Lucius Webb

(302) 258-4590 luciusrwebb@yahoo.com Jack Lingo - Rehoboth License #RS-0017469 Listed on: 10/14/2023

Jack Lingo - Rehoboth

Last Buyer's Agent

Dustin Oldfather

(302) 249-5899 Dustin@TheOldfatherGroup.com Compass License #RS-0017091

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,209

Year Built

  • Built in 1989

Lot Details

  • No Units Located Below
  • Two or More Common Walls
  • Property is in excellent condition

HOA Fees

  • $400 Monthly HOA Fees

Property Views

  • Scenic Vista
  • Garden

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Entry on the 1st floor
  • Architectural Shingle Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 1,122 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Sliding Windows
  • Sliding Doors
  • Insulated Doors
  • Family Room Off Kitchen
  • Combination Kitchen and Living
  • Laminate Flooring

Kitchen

  • Eat-In Galley Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • En-Suite Bathroom
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

Parking

  • 4 Off-Street Spaces
  • Assigned parking located at #512
  • Parking Lot
  • 1 Assigned Parking Space

Outdoor Features

  • Patio
  • Exterior Lighting
  • Outdoor Storage
  • Play Equipment

Utilities

  • Central Heating and Cooling System
  • 200+ Amp Service
  • 60 Gallon+ Water Heater
  • Public Septic
  • Phone Available
  • Cable TV Available

Additional Features

  • Halls are 48 inches wide or more
  • Suburban Location

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-20.00-1.00-512

Community Details

Overview

  • $169 Recreation Fee
  • $1,500 Capital Contribution Fee
  • Association fees include common area maintenance, lawn maintenance, management, pool(s), reserve funds, road maintenance, trash, snow removal, insurance
  • $52 Other Monthly Fees
  • Low-Rise Condominium
  • Spring Lake Phase V Condos
  • Spring Lake Subdivision

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Additional Features

  • Common Area
  • Storm Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,209

Year Built

Built in 1989

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal, Contemporary
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: 48"+ Halls
  • Ownership: Condominium
  • Exclusions: Personal Artwork
  • Historic: No
  • Inclusions: All furnishings and furniture, ready to rent
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-10-16
  • Federal Flood Zone: No
  • Year Built: 1989
  • Assigned Parking Space Numbers: 512
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Water Heater, Washer, Refrigerator, Oven/Range - Electric, Oven - Self Cleaning, Built-In Microwave, Dishwasher, Disposal, Dryer, Icemaker
  • Entry Floor: 1
  • Flooring Type: Laminate Plank
  • Interior Amenities: Window Treatments, Bathroom - Tub Shower, Primary Bath(s), Kitchen - Galley, Kitchen - Eat-In, Floor Plan - Open, Family Room Off Kitchen, Entry Level Bedroom, Combination Kitchen/Living, Ceiling Fan(s), Breakfast Area
  • Window Features: Sliding, Storm
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Common Walls: 2+ Common Walls, No One Below
  • Door Features: Sliding Glass, Insulated
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1122
  • Living Area Sq Ft: 1122
  • Price Per Sq Ft: 387.70
  • Above Grade Finished Sq Ft: 1122
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built, Wood Siding
  • Exterior Features: Exterior Lighting, Secure Storage, Play Equipment
  • Roof: Architectural Shingle
  • View: Scenic Vista, Garden/Lawn
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Parking Lot, Off Street
  • Off Street Parking Spaces: 4
  • Parking Lot Number Of Spaces: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Sewer/Septic System: Public Septic
  • Utilities: Cable Tv, Electric Available, Phone Available
  • Water Source: Public
  • Internet Services: Cable

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1200.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Spring Lake Phase V Condos
  • HOA Condo Co-Op Amenities: Reserved/Assigned Parking, Pool - Outdoor, Common Grounds
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Maintenance, Management, Pool(s), Reserve Funds, Road Maintenance, Trash, Snow Removal, Insurance
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: 169.00
  • Association Recreation Fee: Yes
  • Community Pool Features: In Ground

Fee Information

  • Other Fees: 625.00
  • Other Fees Frequency: Annually
  • Capital Contribution Fee: 1500.00

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Excellent
  • Zoning: HR-2
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • School Tax: 1100.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1209.00
  • Assessor Parcel Number: 334-20.00-1.00-512
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2023
Closed on
Dec 28, 2023
Sold by
Figueroa Vicente
Bought by
Feldman Rob I and Sofastaii Mallory B
Seller's Agent
Lucius Webb
Jack Lingo - Rehoboth
Buyer's Agent
Dustin Oldfather
Compass
List Price
$490,000
Sold Price
$417,000
Premium/Discount to List
-$73,000
-14.9%
Views
282
Current Estimated Value
$464,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,842
Avg. Annual Appreciation
5.73%
Original Mortgage
$216,840
Outstanding Balance
$213,283
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$251,559
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Feldman Rob I $417,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Feldman Rob I $216,840
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/28/2023 12/28/23 Sold $417,000 -4.1% $372 / Sq Ft
12/02/2023 12/02/23 Price Changed $435,000 -2.0% $388 / Sq Ft
11/15/2023 11/15/23 Price Changed $443,700 -3.5% $395 / Sq Ft
10/30/2023 10/30/23 Price Changed $460,000 -6.1% $410 / Sq Ft
10/14/2023 10/14/23 For Sale $490,000 +84.9% $437 / Sq Ft
12/14/2018 12/14/18 Sold $265,000 -3.6% $279 / Sq Ft View Prior Sale
10/30/2018 10/30/18 Pending -- -- --
10/25/2018 10/25/18 For Sale $275,000 +26.4% $289 / Sq Ft
09/25/2015 09/25/15 Sold $217,500 0.0% -- View Prior Sale
08/09/2015 08/09/15 Pending -- -- --
10/10/2014 10/10/14 For Sale $217,500 -- --
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 $1,293 $22,950 $0 $22,950
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

  • Lucius Webb

    Seller's Agent in 2023

    Lucius Webb

    Jack Lingo - Rehoboth

    (302) 258-4590

    27 in this area

    89 Total Sales

    Lucius Webb
    Section Image
  • Dustin Oldfather

    Buyer's Agent in 2023

    Dustin Oldfather

    Compass

    (302) 249-5899

    92 in this area

    1,471 Total Sales

    Dustin Oldfather
    Section Image
  • Christian Schaffer

    Buyer Co-Listing Agent in 2023

    Christian Schaffer

    Compass

    (443) 841-5019

    7 in this area

    28 Total Sales

    Christian Schaffer
    Section Image
  • Dustin Parker

    Seller's Agent in 2018

    Dustin Parker

    The Parker Group

    (302) 483-7688

    33 in this area

    738 Total Sales

    Dustin Parker
    Section Image

  • C

    Seller Co-Listing Agent in 2018

    Craig Shellenberger

    Coldwell Banker Resort Realty - Rehoboth

    Section Image
  • Kim Hamer

    Seller's Agent in 2015

    Kim Hamer

    OCEAN ATLANTIC SOTHEBYS

    (302) 745-9914

    92 in this area

    261 Total Sales

    Kim Hamer
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2049896

Bright MLS

APN: 334-20.00-1.00-512

Delaware Sussex County Rehoboth Beach 19971

20796 East Dr Unit 512, Rehoboth Beach, DE

Not Listed for Sale

Condos

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