$435,000
SOLD APR 7, 2025

20796 East Dr Unit 516 Rehoboth Beach, DE 19971

1 Bed
1.5 Baths
1,100 Sq Ft
$487/mo HOA Fee

Recently Sold

$395 Per Sq Ft

9% Below List Price

101 Days on Market

Highlights

  • Water Oriented
  • Gourmet Kitchen
  • 36.57 Acre Lot
  • Rehoboth Elementary School Rated A
  • Pond View
  • Open Floorplan

About This Home

As of April 2025

A price adjustment!! Welcome to Unit 516 in the highly sought after 5th phase of Spring Lake. This beautifully remodeled unit offers serene pond views and has been thoughtfully designed with modern finishes. The upgraded kitchen features quartz countertops, stainless steel appliances, and a stunning backsplash, making it a dream for any chef. Throughout the home, elegant shiplap accents add character and charm. Enjoy the tastefully remodeled bathrooms, plush new carpet, and a cozy wood-burning fireplace. The owners have also enhanced the outdoor space with ceiling coverings, ensuring year-round enjoyment without concerns about water seepage on the deck. Spring Lake is ideally located withing walking distance to the vibrant scenes of downtown Rehoboth and Dewey, as well as the beach. It features walking paths in the Thompson Island Preserve, and a community pool. Don't miss your chance to own this exceptional property! Now priced below the newly assessed value! Exceptional value for this beautifully remodeled condo!

Last Agent to Sell the Property

Christina Haag

Jack Lingo - Rehoboth License #RS-001-4869 Listed on: 11/01/2024

Jack Lingo - Rehoboth

Co-Listed By

Molly Bayard

Jack Lingo - Rehoboth License #RS-0022070

Last Buyer's Agent

PATRICIA COLUZZI

Monument Sotheby's International Realty License #RS-0022283

Monument Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,210

Year Built

  • Built in 1988

HOA Fees

  • $487 Monthly HOA Fees

Home Design

  • Architectural Shingle Roof
  • Cedar

Interior Spaces

  • 1,100 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Bar
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Combination Dining and Living Room
  • Pond Views

Kitchen

  • Gourmet Kitchen
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Upgraded Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • En-Suite Bathroom
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Parking

  • Assigned parking located at #516
  • On-Street Parking
  • Parking Lot
  • 1 Assigned Parking Space

Outdoor Features

  • Water Oriented
  • Property is near a pond

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Level Entry For Accessibility
  • Property is in excellent condition

Listing and Financial Details

  • Assessor Parcel Number 334-20.00-1.00-516

Community Details

Overview

  • $1,500 Capital Contribution Fee
  • Association fees include common area maintenance, lawn maintenance, trash
  • Low-Rise Condominium
  • Marshall Wagner & Associates Condos
  • Spring Lake Subdivision
  • Property Manager

Recreation

  • Community Pool

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,210

Year Built

Built in 1988

Lot Details

0

HOA Fees

$487 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1988
  • Assigned Parking Space Numbers: 516
  • Automatically Close On Close Date: No
  • Remarks Public: A price adjustment!! Welcome to Unit 516 in the highly sought after 5th phase of Spring Lake. This beautifully remodeled unit offers serene pond views and has been thoughtfully designed with modern finishes. The upgraded kitchen features quartz countertops, stainless steel appliances, and a stunning backsplash, making it a dream for any chef. Throughout the home, elegant shiplap accents add character and charm. Enjoy the tastefully remodeled bathrooms, plush new carpet, and a cozy wood-burning fireplace. The owners have also enhanced the outdoor space with ceiling coverings, ensuring year-round enjoyment without concerns about water seepage on the deck. Spring Lake is ideally located withing walking distance to the vibrant scenes of downtown Rehoboth and Dewey, as well as the beach. It features walking paths in the Thompson Island Preserve, and a community pool. Don't miss your chance to own this exceptional property! Now priced below the newly assessed value! Exceptional value for this beautifully remodeled condo!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer
  • Entry Floor: 2
  • Flooring Type: Carpet, Ceramic Tile
  • Interior Amenities: Bar, Bathroom - Stall Shower, Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Primary Bath(s), Upgraded Countertops, Window Treatments
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1100
  • Living Area Sq Ft: 1100
  • Price Per Sq Ft: 409.00
  • Above Grade Finished Sq Ft: 1100
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 20796

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: Block, Cedar
  • Roof: Architectural Shingle
  • View: Pond
  • Water Access: No
  • Water Body Type: Pond
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot, On Street
  • Parking Lot Number Of Spaces: 2

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
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1461.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Marshall Wagner & Associates
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Maintenance, Trash
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 1500.00

Schools

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

Lot Info

  • Land Use Code: 999
  • Lot Size Acres: 36.57
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1592989.00
  • Property Condition: Excellent
  • Year Assessed: 2024
  • Zoning: RESIDENTIAL
  • In City Limits: No

Rental Info

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

Tax Info

  • School Tax: 1101.00
  • Tax Annual Amount: 1210.00
  • Assessor Parcel Number: 334-20.00-1.00-516
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 04/07/2025

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2024
Closed on
Apr 7, 2025
Sold by
Kibler Jeffrey
Bought by
Hill Bruce Shawn and Oldham Raymond Barry
Seller's Agent
Christina Haag
Jack Lingo - Rehoboth
Buyer's Agent
PATRICIA COLUZZI
Monument Sotheby's International Realty
List Price
$479,000
Sold Price
$435,000
Premium/Discount to List
-$44,000
-9.19%
Total Days on Market
101
Views
185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.46%
Original Mortgage
$261,000
Outstanding Balance
$261,000
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$212,093

Purchase Details

Closed on
Dec 5, 2014
Sold by
Rickie A Rickie A
Bought by
Piper William R

Purchase Details

Closed on
Sep 10, 2012
Sold by
Carroll Crawford J and Carroll Lawrence J
Bought by
Parson Rickie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,500
Interest Rate
3.59%
Mortgage Type
New Conventional
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $435,000 None Listed On Document
Deed $435,000 None Listed On Document
Interfamily Deed Transfer -- --
Deed $182,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $261,000 New Conventional
Closed $261,000 New Conventional
Previous Owner $82,600 Stand Alone Refi Refinance Of Original Loan
Previous Owner $102,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2025 04/07/25 Sold $435,000 -3.3% $395 / Sq Ft
02/10/2025 02/10/25 Pending -- -- --
02/09/2025 02/09/25 Price Changed $449,900 -1.1% $409 / Sq Ft
01/31/2025 01/31/25 Price Changed $454,900 -1.1% $414 / Sq Ft
11/21/2024 11/21/24 Price Changed $459,900 -4.0% $418 / Sq Ft
11/01/2024 11/01/24 For Sale $479,000 +80.8% $435 / Sq Ft
01/13/2017 01/13/17 Sold $265,000 0.0% $241 / Sq Ft
09/13/2016 09/13/16 Pending -- -- --
05/13/2015 05/13/15 For Sale $265,000 -- $241 / 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
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

    Christina Haag
    Section Image
  • Molly Bayard

    Seller Co-Listing Agent in 2025

    Molly Bayard

    Jack Lingo - Rehoboth

    (302) 381-0839

    35 in this area

    115 Total Sales

    Molly Bayard
    Section Image
  • PATRICIA COLUZZI

    Buyer's Agent in 2025

    PATRICIA COLUZZI

    OCEAN ATLANTIC SOTHEBYS

    (302) 249-7878

    17 in this area

    35 Total Sales

    PATRICIA COLUZZI
    Section Image
  • Joseph Maggio

    Seller's Agent in 2017

    Joseph Maggio

    Dave McCarthy & Associates, Inc.

    (302) 381-2268

    45 in this area

    113 Total Sales

    Joseph Maggio
    Section Image
  • Kim Hitchens

    Seller Co-Listing Agent in 2017

    Kim Hitchens

    Dave McCarthy & Associates, Inc.

    (302) 381-1071

    33 in this area

    105 Total Sales

    Kim Hitchens
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2073662

Bright MLS

APN: 334-20.00-1.00-516

Delaware Sussex County Rehoboth Beach 19971

20796 East Dr Unit 516, Rehoboth Beach, DE

This home is located at 20796 East Dr Unit 516, Rehoboth Beach, DE 19971 and is currently priced at $435,000, approximately $395 per square foot. This property was built in 1988. 20796 East Dr Unit 516 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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