NOT LISTED FOR SALE

20898 East Dr Unit 550 Rehoboth Beach, DE 19971

Estimated Value: $430,000 - $657,000

2 Beds
2 Baths
-- Sq Ft
$350/mo HOA Fee

Last Sold April 19, 2022

Last sale price $517,000

Est. 13% increase in value since last sale

Current estimated payment $3,674/month

3 Days on Market

Highlights

  • Pond View
  • Open Floorplan
  • Main Floor Bedroom
  • Rehoboth Elementary School Rated A
  • Contemporary Architecture
  • Community Pool

About This Home

As of April 2022

Stunningly upgraded 2 Bedroom/2 Bath in Spring Lake. This gorgeous ground level end unit (with direct pond view) has been beautifully renovated with new kitchen and baths and wood floors. From the moment you step into this bright and sun-filled oasis with spacious rooms and open floor plan, you will never want to leave. But, if and when you do venture out, the beach, the community pool, restaurants, shopping and nature walks are all easily accessible by foot, bicycle or scooter. The world is your oyster while enjoying morning coffee from the front porch (Southern exposure) or al fresco dining and cocktails from the large rear patio overlooking the beautifully landscaped grounds and pond. This is the property in Spring Lake that you have been waiting for.

Last Agent to Sell the Property

Jay Kramer

Coldwell Banker Realty License #RS-0018724 Listed on: 04/02/2022

Coldwell Banker Realty

Last Buyer's Agent

Cheryl Lynn Crowe

Jack Lingo - Rehoboth License #RS-0020914

Jack Lingo - Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,090

Year Built

  • Built in 1994

HOA Fees

  • $350 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Wood Siding

Interior Spaces

  • Property has 1 Level
  • Open Floorplan
  • Fireplace
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Pond Views

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Parking Lot

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater

Additional Features

  • Patio
  • Property is in excellent condition

Listing and Financial Details

  • Assessor Parcel Number 334-20.00-1.00-550

Community Details

Overview

  • $168 Recreation Fee
  • $1,000 Capital Contribution Fee
  • Association fees include exterior building maintenance, lawn maintenance, management, pool(s), reserve funds, road maintenance
  • Low-Rise Condominium
  • Spring Lake Subdivision

Amenities

  • Common Area

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,090

Year Built

Built in 1994

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Condominium
  • Exclusions: Curtains and rods in Dining Room & Primary Bedroom. Fountain on the back patio.
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-04-02
  • Federal Flood Zone: No
  • Year Built: 1994
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Washer, Exhaust Fan, Oven/Range - Electric, Refrigerator, Icemaker
  • Entry Floor: 1
  • Interior Amenities: Entry Level Bedroom, Dining Area, Floor Plan - Open
  • Fireplace: Yes
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Foyer, Bathroom 2
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 20898

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Wood Siding
  • View: Pond
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Paved Parking, General Common Elements
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: 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: 1050.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Common Grounds, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Lawn Maintenance, Management, Pool(s), Reserve Funds, Road Maintenance
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: 168.00
  • Association Recreation Fee: Yes

Fee Information

  • Capital Contribution Fee: 1000.00

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: HR-2
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • School Tax: 987.00
  • Tax Annual Amount: 1090.00
  • Assessor Parcel Number: 334-20.00-1.00-550
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 04/19/2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2022 04/19/22 Sold $517,000 +7.9% --
04/06/2022 04/06/22 Pending -- -- --
04/02/2022 04/02/22 For Sale $479,000 -- --
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
2024 $1,538 $23,150 $0 $23,150
2023 $1,537 $23,150 $0 $23,150
2022 $1,495 $23,150 $0 $23,150
2021 $1,484 $23,150 $0 $23,150
2020 $1,480 $23,150 $0 $23,150
2019 $1,460 $23,150 $0 $23,150
2018 $1,087 $24,750 $0 $0
2017 $1,041 $24,750 $0 $0
2016 $997 $24,750 $0 $0
2015 $953 $24,750 $0 $0
2014 $946 $24,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2018086

Bright MLS

APN: 334-20.00-1.00-550