NOT LISTED FOR SALE

20802 Spring Lake Dr Unit 428 Rehoboth Beach, DE 19971

Estimated Value: $401,000 - $511,000

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

Last Sold September 27, 2024

Last sale price $395,000

Est. 11% increase in value since last sale

Current estimated payment $2,822/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
  • En-Suite Primary 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
$439,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,376
Avg. Annual Appreciation
11.00%
Original Mortgage
$316,000
Outstanding Balance
$312,747
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$126,629
Source: Public Records

Range of Values:

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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

    267 in this area

    827 Total Sales

    DEBBIE REED
    Section Image
  • AMY WARICK

    Seller Co-Listing Agent in 2024

    AMY WARICK

    RE/MAX

    (302) 258-5442

    42 in this area

    91 Total Sales

    AMY WARICK
    Section Image
  • Mike Kogler Team

    Buyer's Agent in 2024

    Mike Kogler Team

    Long & Foster

    (302) 227-2541

    37 in this area

    96 Total Sales

    Mike Kogler Team
    Section Image
  • Michael Bacher

    Seller's Agent in 2013

    Michael Bacher

    Jack Lingo - Rehoboth

    (302) 226-6649

    15 in this area

    25 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

    52 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

This home is located at 20802 Spring Lake Dr Unit 428, Rehoboth Beach, DE 19971 since 12 July 2024 and is currently estimated at $439,376. This property was built in 1986. 20802 Spring Lake Dr Unit 428 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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