Seller's Agent in 2022
Brian Barrows
OCEAN ATLANTIC SOTHEBYS
(302) 228-0204
136 in this area
381 Total Sales
20842 East Dr Unit 530 Rehoboth Beach, DE 19971
Estimated Value: $390,685 - $500,000
1
Bed
1.5
Baths
1,122
Sq Ft
$393/Sq Ft
Est. Value
Highlights
- 20 Feet of Waterfront
- Water Oriented
- Pond View
- Rehoboth Elementary School Rated A
- Gourmet Kitchen
- Open Floorplan
About This Home
As of March 2022The one you’ve been waiting for!!! Your gorgeous, renovated condo in Spring Lake, just 6 blocks from the ocean and perfect set on a fountain pond overlooking the serene sunset every night. This condo is much larger than you could ever imagine and the sellers have maximized the space further with a custom master closet, well thought out kitchen update &, beautiful bathroom renovations with quartz countertops. The new kitchen includes soft close drawers, newer stainless steel appliances, granite countertops and a custom Cedar breakfast bar with matching coffee table which conveys (otherwise this condo is sold unfurnished). Relax on the pondfront covered back porch or the open front deck. Easy 2nd floor location allows for lots of natural light. Fireplace with built ins and a custom mantle is a cozy addition for snowy winter weekends away. The gorgeous cedar plank breakfast bar, that matches the mantle, will surely be the talk at your first cocktail party at the beach. Spring Lake offers a large pool for a change of relaxation from the ocean and an easy location to walk or bike into downtown Rehoboth Beach.
Last Agent to Sell the Property
(302) 228-0204 brian@barrowsandassoc.com Monument Sotheby's International Realty License #RA-0020621 Listed on: 02/17/2022
Co-Listed By
(302) 841-9505 jenn.barrows@oasir.net Monument Sotheby's International Realty
Last Buyer's Agent
(302) 228-0204 brian@barrowsandassoc.com Monument Sotheby's International Realty License #RA-0020621 Listed on: 02/17/2022
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,142
Year Built
- Built in 1989
Lot Details
- 20 Feet of Waterfront
HOA Fees
- $416 Monthly HOA Fees
Parking
- Off-Street Parking
Home Design
- Coastal Architecture
- Contemporary Architecture
- Slab Foundation
- Architectural Shingle Roof
- Vinyl Siding
- Stick Built Home
Interior Spaces
- 1,122 Sq Ft Home
- Property has 2 Levels
- Open Floorplan
- Built-In Features
- Ceiling Fan
- Recessed Lighting
- Wood Burning Fireplace
- Insulated Windows
- Insulated Doors
- Pond Views
- Stacked Washer and Dryer
Kitchen
- Gourmet Kitchen
- Electric Oven or Range
- Built-In Microwave
- Ice Maker
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Tile or Brick
Bedrooms and Bathrooms
- 1 Main Level Bedroom
Outdoor Features
- Water Oriented
- Property is near a pond
- Deck
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 334-20.00-1.00-530
Community Details
Overview
- Association fees include common area maintenance, lawn maintenance, reserve funds, trash
- Spring Lake Phase V Condos, Phone Number (302) 227-2537
- Spring Lake Subdivision
Recreation
- Community Pool
Pet Policy
- No Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 17, 2022
Closed on
Mar 11, 2022
Sold by
Gerald Klein Eric
Bought by
Milazzo Michael S and Milazzo Danielle S
Seller's Agent
Brian Barrows
Monument Sotheby's International Realty
Buyer's Agent
Brian Barrows
Monument Sotheby's International Realty
List Price
$375,000
Sold Price
$411,000
Premium/Discount to List
$36,000
9.6%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,421
Avg. Annual Appreciation
1.97%
Original Mortgage
$308,250
Outstanding Balance
$287,777
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$152,644
Purchase Details
Closed on
Aug 31, 2012
Sold by
Michael R Michael R
Bought by
Klein Eric Gerald and Bell Charles Gerald
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,400
Interest Rate
3.57%
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Milazzo Michael S | $411,000 | Hudson Jones Jaywork & Fisher | |
| Klein Eric Gerald | $178,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Milazzo Michael S | $308,250 | |
| Previous Owner | Klein Eric Gerald | $142,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/11/2022 03/11/22 | Sold | $411,000 | +9.6% | $366 / Sq Ft |
| 02/20/2022 02/20/22 | Pending | -- | -- | -- |
| 02/17/2022 02/17/22 | For Sale | $375,000 | -- | $334 / Sq Ft |
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 | $1,287 | $24,250 | $0 | $24,250 |
| 2024 | $1,593 | $24,250 | $0 | $24,250 |
| 2023 | $1,592 | $24,250 | $0 | $24,250 |
| 2022 | $1,547 | $24,250 | $0 | $24,250 |
| 2021 | $1,536 | $24,250 | $0 | $24,250 |
| 2020 | $1,531 | $24,250 | $0 | $24,250 |
| 2019 | $1,511 | $24,250 | $0 | $24,250 |
| 2018 | $1,135 | $25,850 | $0 | $0 |
| 2017 | $1,087 | $25,850 | $0 | $0 |
| 2016 | $1,041 | $25,850 | $0 | $0 |
| 2015 | $995 | $25,850 | $0 | $0 |
| 2014 | $988 | $25,850 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Barrows
-
Jennifer Barrows
Seller Co-Listing Agent in 2022
Jennifer Barrows
OCEAN ATLANTIC SOTHEBYS
(302) 841-9505
102 in this area
238 Total Sales
Map
Source: Bright MLS
MLS Number: DESU2016394
APN: 334-20.00-1.00-530
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