NOT LISTED FOR SALE

20898 East Dr Unit 555 Rehoboth Beach, DE 19971

Estimated Value: $724,000 - $801,000

4 Beds
3.5 Baths
1,800 Sq Ft
$325/mo HOA Fee

Last Sold January 08, 2018

Last sale price $395,000 $219 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $4,809/month

120 Days on Market

Highlights

  • Deck
  • Wood Burning Stove
  • Vaulted Ceiling
  • Rehoboth Elementary School Rated A
  • Contemporary Architecture
  • Whirlpool Bathtub

About This Home

As of January 2018

Meticulous Rehoboth Pond-Front furnished townhome is in an idyllic setting with expansive pond views & offering 2 master suites, oversized 1st floor laundry, wood burning fireplace & abundant storage. This stunning townhome has been carefully maintained throughout. Rare opportunity to own a 4 bedroom, 3.5 bath, 3-story townhouse in the much sought after community of Spring Lake. Bright open floor plan offers multiple entertaining & outdoor areas. A perfect beach get-away that is within biking distance to Rehoboth & Dewey Beaches, restaurants and shops. The community offers abundant lush open green spaces for total relaxation. Spend the day on the beach or a lazy day by the community pool. This well maintained townhome shows pride of ownership & is being sold fully furnished. Turn-key investment property with $18K+ in rental income history

Last Agent to Sell the Property

Mike Kogler Team

Long & Foster Real Estate, Inc. License #RS-0016259 Listed on: 07/07/2017

Long & Foster Real Estate, Inc.

Co-Listed By

Candy Williams

Long & Foster Real Estate, Inc. License #RS0014138

Last Buyer's Agent

TORIN FEDERICO

Delaware Home Valuations

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,925

Year Built

  • Built in 1995

HOA Fees

  • $325 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 1,800 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Window Treatments
  • Window Screens
  • Combination Kitchen and Living
  • Dining Room

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile or Brick

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Electric Dryer

Outdoor Features

  • Deck
  • Patio

Additional Features

  • Sprinkler System
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 334-20.00-1.00-555

Community Details

Overview

  • Association fees include lawn maintenance
  • Low-Rise Condominium
  • Spring Lake Subdivision

Recreation

  • Tennis Courts
  • Community Pool
  • Jogging Path

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,925

Year Built

Built in 1995

Lot Details

0

HOA Fees

$325 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
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1995
  • Remarks Public: Meticulous Rehoboth Pond-Front furnished townhome is in an idyllic setting with expansive pond views & offering 2 master suites, oversized 1st floor laundry, wood burning fireplace & abundant storage. This stunning townhome has been carefully maintained throughout. Rare opportunity to own a 4 bedroom, 3.5 bath, 3-story townhouse in the much sought after community of Spring Lake. Bright open floor plan offers multiple entertaining & outdoor areas. A perfect beach get-away that is within biking distance to Rehoboth & Dewey Beaches, restaurants and shops. The community offers abundant lush open green spaces for total relaxation. Spend the day on the beach or a lazy day by the community pool. This well maintained townhome shows pride of ownership & is being sold fully furnished. Turn-key investment property with $18K+ in rental income history
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric
  • Entry Floor: 1
  • Flooring Type: Carpet, Laminated, Tile/Brick
  • Interior Amenities: Combination Kitchen/Living, Pantry, Ceiling Fan(s), Skylight(s), Whirlpool/Hottub, Window Treatments
  • Window Features: Screens
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Vaulted Ceilings
  • Foundation Details: Slab
  • Floors In Unit Count: 3
  • Level Count: 3
  • Levels Count: 3+
  • Room Count: 9
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Laundry, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1800
  • Living Area Sq Ft: 1800
  • Net Sq Ft: 1800.00
  • Price Per Sq Ft: 232.78
  • Above Grade Finished Sq Ft: 1800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 20898

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Wood Siding
  • Construction Completed: Yes
  • Exterior Features: Lawn Sprinkler, Sidewalks
  • Roof: Shingle, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Assigned

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Heat Pump(s)
  • Heating Type: Wood Burn Stove, Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3900.00
  • HOA Condo Co-Op Amenities: Jog/Walk Path, Reserved/Assigned Parking, Pool - Outdoor, Swimming Pool, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Zoning Description: RESIDENTIAL PLANNED COMM.

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5202151
  • Assessor Parcel Number: 334-20.00-1.00-555
  • County Tax Payment Frequency: Annually
  • Close Date: 01/08/2018

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2017
Closed on
Jan 9, 2018
Sold by
Costa Mary F and Nygaard Karen K
Bought by
Lough Edward B
Seller's Agent
Mike Kogler Team
Long & Foster Real Estate, Inc.
Buyer's Agent
TORIN FEDERICO
Delaware Home Valuations
List Price
$419,000
Sold Price
$395,000
Premium/Discount to List
-$24,000
-5.73%
Current Estimated Value
$793,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$398,506
Avg. Annual Appreciation
9.22%
Original Mortgage
$296,250
Outstanding Balance
$252,766
Interest Rate
3.92%
Mortgage Type
Unknown
Estimated Equity
$520,877

Purchase Details

Listed on
Jul 7, 2017
Closed on
Jan 5, 2018
Sold by
Costa Mary F and Nygaard Karen K
Bought by
Lough Edward B
Seller's Agent
Mike Kogler Team
Long & Foster Real Estate, Inc.
Buyer's Agent
TORIN FEDERICO
Delaware Home Valuations
List Price
$419,000
Sold Price
$395,000
Premium/Discount to List
-$24,000
-5.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,250
Outstanding Balance
$252,766
Interest Rate
3.92%
Mortgage Type
Unknown
Estimated Equity
$520,877

Purchase Details

Closed on
Jan 19, 2002
Bought by
Costa Mary F Karen K Nygaard
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Lough Edward B $395,000 --
Lough Edward B $395,000 --
Costa Mary F Karen K Nygaard $337,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lough Edward B $296,250
Closed Lough Edward B $296,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2018 01/08/18 Sold $395,000 -5.7% $219 / Sq Ft
11/04/2017 11/04/17 Pending -- -- --
07/07/2017 07/07/17 For Sale $419,000 -- $233 / Sq Ft
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 $1,925 $31,000 $0 $31,000
2023 $1,924 $31,000 $0 $31,000
2022 $1,868 $31,000 $0 $31,000
2021 $1,854 $31,000 $0 $31,000
2020 $1,848 $31,000 $0 $31,000
2019 $1,829 $31,000 $0 $31,000
2018 $1,432 $32,600 $0 $0
2017 $1,371 $32,600 $0 $0
2016 $1,311 $32,600 $0 $0
2015 $1,253 $32,600 $0 $0
2014 $1,244 $32,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001031316

Bright MLS

APN: 334-20.00-1.00-555