NOT LISTED FOR SALE

20802 Spring Lake Dr Unit 428 Rehoboth Beach, DE 19971

Estimated Value: $424,000 - $441,000

1 Bed
1.5 Baths
-- Sq Ft
$393/mo HOA Fee

Last Sold September 27, 2024

Last sale price $395,000

Est. 9% increase in value since last sale

Current estimated payment $2,747/month

33 Days on Market

Highlights

  • Waterfront
  • Water Oriented
  • 36.57 Acre Lot
  • Rehoboth Elementary School Rated A
  • Lake View
  • Lake Privileges

About This Home

As of September 2024

Waterfront in Spring Lake! Your peaceful beach retreat awaits in a lovely setting with serene lake views, lush greenery and amazing sunsets so you can unplug from it all and recharge. This tranquil first-floor condo has an open feeling and great natural sunlight throughout the day. Features include 1 full & 1 half bath, a brand-new HVAC, easy to care for laminate wood flooring, two patios, outdoor storage (for bikes & beach chairs), a wood burning fireplace, stainless steel appliances and is offered partially furnished. Spring Lake is a beloved community renowned for green open spaces, mature tree canopies and beautiful lake views to be enjoyed through all seasons. Spend relaxing days at the pool or walk/bike to downtown Rehoboth or the beach. The community backs to the Thompson Island Nature Preserve with a wooded hiking trail that leads to a scenic overlook of the Rehoboth Bay.

Last Agent to Sell the Property

DEBBIE REED

(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 07/12/2024

RE/MAX Realty Group Rehoboth

Co-Listed By

AMY WARICK

(302) 258-5442 amy@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0016761

Last Buyer's Agent

Mike Kogler Team

(302) 227-2541 michael.kogler@LNF.com Long & Foster Real Estate, Inc. License #RS-0016259

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $987

Year Built

  • Built in 1986

Lot Details

  • Waterfront
  • Landscaped

HOA Fees

  • $393 Monthly HOA Fees

Property Views

  • Lake
  • Woods

Home Design

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

Interior Spaces

  • Property has 1 Level
  • Traditional Floor Plan
  • Partially Furnished
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Insulated Doors
  • Living Room
  • Dining Room

Kitchen

  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet

Laundry

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

Home Security

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Lot
  • 1 Assigned Parking Space

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property is near a lake
  • Lake Privileges
  • Patio
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-20.00-1.00-428

Community Details

Overview

  • $500 Capital Contribution Fee
  • $2,250 Other One-Time Fees
  • Low-Rise Condominium
  • Spring Lake Subdivision
  • Community Lake

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Additional Features

  • Common Area
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$987

Year Built

Built in 1986

Lot Details

0

HOA Fees

$393 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat, Contemporary
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Exclusions: Striped swivel chair in LR, all floor & table lamps, all area rugs, all photos & artwork, bureau & side tables in BR, TV & stereo equipment, personal items
  • Historic: No
  • Inclusions: Dining room: table & 4 chairs, Living Room: sofa bed, coffee table, occasional table, large wood framed mirror, Bedroom: Bed (mattress, box spring, frame & headboard), antique side chair, cube/hassock
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-07-12
  • Federal Flood Zone: No
  • Year Built: 1986
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Range Hood, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Entry Level Bedroom, Ceiling Fan(s), Window Treatments, Dining Area, Floor Plan - Traditional, Walk-In Closet(s)
  • Window Features: Insulated, Screens
  • Fireplace: No
  • Door Features: Insulated, Storm
  • Foundation Details: Block
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Laundry
  • Basement: No
  • Laundry Type: Has Laundry, Main Floor
  • 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
  • Other Structures List: Shed
  • Construction Materials: Stick Built, Cedar, Wood Siding
  • Exterior Features: Outside Shower
  • Roof: Architectural Shingle
  • View: Lake, Trees/Woods
  • Water Access: No
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes
  • Water Frontage In Feet: 1

Garage/Parking

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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air, 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: 1180.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Reserved/Assigned Parking, Pool - Outdoor, Swimming Pool, Water/Lake Privileges, Common Grounds, Lake
  • HOA: No
  • Senior Community: No

Fee Information

  • Other Fees: 2250.00
  • Other Fees Frequency: One Time
  • Capital Contribution Fee: 500.00

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Features: Landscaping
  • Lot Size Acres: 36.57
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1592989.00
  • Outdoor Living Structures: Patio(s)
  • Zoning: HR-2
  • In City Limits: No

Rental Info

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

Tax Info

  • School Tax: 898.00
  • Tax Annual Amount: 987.00
  • Assessor Parcel Number: 334-20.00-1.00-428
  • 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
Jul 12, 2024
Closed on
Sep 27, 2024
Sold by
Belghazi Rachid R and Breen Gregg Michael
Bought by
Dixon Debra
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Mike Kogler Team
Long & Foster Real Estate, Inc.
List Price
$415,000
Sold Price
$395,000
Premium/Discount to List
-$20,000
-4.82%
Views
381
Current Estimated Value
$430,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,325
Avg. Annual Appreciation
7.46%
Original Mortgage
$316,000
Outstanding Balance
$312,747
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$117,578
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Dixon Debra $395,000 None Listed On Document
Dixon Debra $395,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dixon Debra $316,000
Closed Dixon Debra $316,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2024 09/27/24 Sold $395,000 -4.8% --
07/12/2024 07/12/24 For Sale $415,000 +64.0% --
01/19/2013 01/19/13 Sold $253,000 0.0% -- View Prior Sale
11/26/2012 11/26/12 Pending -- -- --
06/28/2011 06/28/11 For Sale $253,000 -- --
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 $1,078 $17,400 $0 $17,400
2024 $1,307 $17,400 $0 $17,400
2023 $1,306 $17,400 $0 $17,400
2022 $1,272 $17,400 $0 $17,400
2021 $1,263 $17,400 $0 $17,400
2020 $1,259 $17,400 $0 $17,400
2019 $1,239 $17,400 $0 $17,400
2018 $880 $20,050 $0 $0
2017 $843 $20,050 $0 $0
2016 $809 $20,050 $0 $0
2015 $774 $20,050 $0 $0
2014 $768 $20,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • DEBBIE REED

    Seller's Agent in 2024

    DEBBIE REED

    RE/MAX

    (302) 227-3818

    260 in this area

    796 Total Sales

    DEBBIE REED
    Section Image
  • AMY WARICK

    Seller Co-Listing Agent in 2024

    AMY WARICK

    RE/MAX

    (302) 258-5442

    46 in this area

    99 Total Sales

    AMY WARICK
    Section Image
  • Mike Kogler Team

    Buyer's Agent in 2024

    Mike Kogler Team

    Long & Foster

    (302) 227-2541

    36 in this area

    87 Total Sales

    Mike Kogler Team
    Section Image
  • Michael Bacher

    Seller's Agent in 2013

    Michael Bacher

    Jack Lingo - Rehoboth

    (302) 226-6649

    12 in this area

    21 Total Sales

    Michael Bacher
    Section Image
  • Robert McVey

    Buyer's Agent in 2013

    Robert McVey

    Mann & Sons, Inc.

    (800) 255-8200

    5 in this area

    50 Total Sales

    Robert McVey
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2065878

Bright MLS

APN: 334-20.00-1.00-428

Delaware Sussex County Rehoboth Beach 19971

20802 Spring Lake Dr Unit 428, Rehoboth Beach, DE

Not Listed for Sale

Condos

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