Seller's Agent in 2025
Lee Ann Wilkinson
BHHS PenFed (actual)
(302) 278-6726
221 in this area
1,883 Total Sales
20860 East Dr Unit 545 Rehoboth Beach, DE 19971
4
Beds
3.5
Baths
1,815
Sq Ft
$456/mo
HOA Fee
Highlights
- 100 Feet of Waterfront
- Water Oriented
- 36.57 Acre Lot
- Rehoboth Elementary School Rated A
- Pond View
- Open Floorplan
About This Home
As of July 2025SPRING INTO BEACH LIFE with this spacious 4 bedroom, 3.5 bath, townhouse in desirable Spring Lake! Totally ready for you to move in and make it your own! Features a fantastic floor plan, with high-quality flooring throughout, an inviting living room with wood-burning fireplace all open to the kitchen and dining room - the perfect design for today's living! Th rear patio with community pond & sunset views creates the perfect backdrop for your cocktail parties and al-fresco dinners. There is a spacious second level primary suite with en-suite bath, and private balcony & view of the pond, as well as 2 additional guest rooms. Plus a 3rd level loft that doubles as a 4th bedroom with attached full bath. Add to all of that an outdoor storage area with plenty of extra space for your beach supplies. So much space and convenience!
The property had bee recently updated with a new roof, interior and exterior paint, new kitchen appliances, and updated bathrooms. All of this is located within walking distance to the community pool, downtown Rehoboth, and the beach! Make this your own beach retreat or let it double as a great investment opportunity. Don't let this one get away - schedule your personal tour today!
Last Agent to Sell the Property
(302) 278-6726 leeann@leeanngroup.com Berkshire Hathaway HomeServices PenFed Realty License #RA-0002064 Listed on: 04/07/2025
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,617
Year Built
- Built in 1995
Lot Details
- 100 Feet of Waterfront
- Landscaped
- Sprinkler System
HOA Fees
- $456 Monthly HOA Fees
Property Views
- Pond
- Garden
Home Design
- Contemporary Architecture
- Slab Foundation
- Architectural Shingle Roof
- HardiePlank Type
- Stick Built Home
Interior Spaces
- 1,815 Sq Ft Home
- Property has 3 Levels
- Open Floorplan
- Ceiling Fan
- Wood Burning Fireplace
- Window Treatments
- Window Screens
- Combination Dining and Living Room
Kitchen
- Electric Oven or Range
- Range Hood
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Upgraded Countertops
- Disposal
Flooring
- Wall to Wall Carpet
- Tile or Brick
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- En-Suite Primary Bedroom
- Soaking Tub
Laundry
- Laundry Room
- Washer and Dryer Hookup
Parking
- Parking Lot
- 2 Assigned Parking Spaces
Accessible Home Design
- Level Entry For Accessibility
Outdoor Features
- Water Oriented
- Property is near a pond
- Balcony
- Patio
Utilities
- Central Air
- Heat Pump System
- Vented Exhaust Fan
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 334-20.00-1.00-545
Community Details
Overview
- $1,500 Capital Contribution Fee
- Association fees include lawn maintenance, pool(s)
- Spring Lake Subdivision
Recreation
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 7, 2025
Closed on
Jul 18, 2025
Sold by
Friend Janice K
Bought by
Walshaw-Wertz Shawn and Walshaw-Wertz Abbey
Seller's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
George Merrick
Jack Lingo - Lewes
List Price
$759,900
Sold Price
$700,000
Premium/Discount to List
-$59,900
-7.88%
Views
72
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.39%
Original Mortgage
$325,000
Outstanding Balance
$325,000
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$444,332
Purchase Details
Closed on
Nov 5, 2019
Sold by
Friend Donald L and Friend Janice K
Bought by
Friend Janice K
Purchase Details
Closed on
Aug 27, 1994
Bought by
Friend Donald L and Friend Janice K
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 | $700,000 | None Listed On Document | |
| Deed | $700,000 | None Listed On Document | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $325,000 | New Conventional | |
| Closed | $325,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2025 07/18/25 | Sold | $700,000 | -5.4% | $386 / Sq Ft |
| 06/21/2025 06/21/25 | Pending | -- | -- | -- |
| 05/19/2025 05/19/25 | Price Changed | $739,900 | -1.3% | $408 / Sq Ft |
| 05/18/2025 05/18/25 | Price Changed | $749,900 | +1.4% | $413 / Sq Ft |
| 05/12/2025 05/12/25 | Price Changed | $739,900 | -2.6% | $408 / Sq Ft |
| 04/07/2025 04/07/25 | For Sale | $759,900 | -- | $419 / 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 | $1,536 | $31,200 | $0 | $31,200 |
| 2024 | $1,435 | $31,200 | $0 | $31,200 |
| 2023 | $1,434 | $31,200 | $0 | $31,200 |
| 2022 | $1,377 | $31,200 | $0 | $31,200 |
| 2021 | $1,463 | $31,200 | $0 | $31,200 |
| 2020 | $1,457 | $31,200 | $0 | $31,200 |
| 2019 | $1,438 | $31,200 | $0 | $31,200 |
| 2018 | $1,040 | $32,800 | $0 | $0 |
| 2017 | $979 | $32,800 | $0 | $0 |
| 2016 | $819 | $32,800 | $0 | $0 |
| 2015 | $1,260 | $32,800 | $0 | $0 |
| 2014 | $1,251 | $32,800 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lee Ann Wilkinson
-
George Merrick
Buyer's Agent in 2025
George Merrick
Jack Lingo - Lewes
(302) 462-7288
2 in this area
9 Total Sales
Map
Source: Bright MLS
MLS Number: DESU2083148
APN: 334-20.00-1.00-545
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