Seller's Agent in 2025
DEBBIE REED
RE/MAX
(302) 227-3818
267 in this area
827 Total Sales
20830 Spring Lake Dr Unit 415 Rehoboth Beach, DE 19971
2
Beds
2
Baths
--
Sq Ft
$524/mo
HOA Fee
Highlights
- 20 Feet of Waterfront
- Water Oriented
- Furnished
- Rehoboth Elementary School Rated A
- Contemporary Architecture
- Community Pool
About This Home
As of June 2025Cheerful upper level 2BR/2BA (one bedroom is loft) unit with lovely pond views out the back and quiet wooded view from the entry. Sold furnished as a convenience so the new owners can start enjoying Rehoboth Beach living right away. This condo shows well, but is in original condition. Price reflects possible improvements/refresh new owner may want to make. Immediate occupancy available - not rented for the summer. Community pool and walking trails plus easy access to downtown Rehoboth and Dewey Beaches have made Spring Lake a desirable place to live. Easy to show.
Last Agent to Sell the Property
(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 04/01/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,198
Year Built
- Built in 1984
Lot Details
- 20 Feet of Waterfront
HOA Fees
- $524 Monthly HOA Fees
Home Design
- Contemporary Architecture
- Entry on the 2nd floor
- Stick Built Home
Interior Spaces
- Property has 2 Levels
- Furnished
- Ceiling Fan
- Wood Burning Fireplace
- Stacked Washer and Dryer
Kitchen
- Breakfast Area or Nook
- Oven
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Parking
- Paved Parking
- Parking Lot
- 1 Assigned Parking Space
Outdoor Features
- Water Oriented
- Property is near a pond
- Shared Waterfront
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 334-20.00-1.00-415
Community Details
Overview
- Low-Rise Condominium
- Spring Lake Subdivision
Recreation
- Community Pool
Pet Policy
- Pets allowed on a case-by-case basis
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 1, 2025
Closed on
Jun 24, 2025
Sold by
Fennell Richard H
Bought by
Stipa Theodore F and Stipa Marissa A
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Colleen Morrissey
Long & Foster Real Estate, Inc.
List Price
$549,000
Sold Price
$540,000
Premium/Discount to List
-$9,000
-1.64%
Views
823
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.87%
Original Mortgage
$511,000
Outstanding Balance
$509,422
Interest Rate
5.85%
Mortgage Type
New Conventional
Estimated Equity
$53,318
Purchase Details
Closed on
Jun 11, 1999
Bought by
Teitzman Alan B and Fennell Richard H
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $540,000 | None Listed On Document | |
| Deed | $540,000 | None Listed On Document | |
| Deed | $132,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $511,000 | New Conventional | |
| Closed | $511,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/24/2025 06/24/25 | Sold | $540,000 | -1.6% | -- |
| 04/01/2025 04/01/25 | For Sale | $549,000 | -- | -- |
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 |
|---|---|---|---|---|
| 2025 | $1,221 | $20,750 | $0 | $20,750 |
| 2024 | $1,516 | $20,750 | $0 | $20,750 |
| 2023 | $1,515 | $20,750 | $0 | $20,750 |
| 2022 | $1,474 | $20,750 | $0 | $20,750 |
| 2021 | $1,463 | $20,750 | $0 | $20,750 |
| 2020 | $1,458 | $20,750 | $0 | $20,750 |
| 2019 | $1,439 | $20,750 | $0 | $20,750 |
| 2018 | $1,067 | $24,300 | $0 | $0 |
| 2017 | $1,022 | $24,300 | $0 | $0 |
| 2016 | $979 | $24,300 | $0 | $0 |
| 2015 | $936 | $24,300 | $0 | $0 |
| 2014 | $929 | $24,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
DEBBIE REED
-
Colleen Morrissey
Buyer's Agent in 2025
Colleen Morrissey
Long & Foster
(302) 563-8223
1 in this area
21 Total Sales
Map
Source: Bright MLS
MLS Number: DESU2082506
APN: 334-20.00-1.00-415
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