NOT LISTED FOR SALE

20942 Spring Lake Dr Unit 221 Rehoboth Beach, DE 19971

Estimated Value: $493,000 - $581,000

2 Beds
2 Baths
1,271 Sq Ft
$421/Sq Ft Est. Value

Last Sold July 19, 2024

Last sale price $500,000 $393 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,362/month

24 Days on Market

Highlights

  • Water Oriented
  • View of Trees or Woods
  • Pond
  • Rehoboth Elementary School Rated A
  • Open Floorplan
  • Vaulted Ceiling

About This Home

As of July 2024

Experience coastal living in this stunning two-bedroom, two-bath townhome nestled in the highly sought-after community of Spring Lake! Conveniently located across from the scenic Thompson Island walking trail and within walking distance to vibrant downtown Rehoboth Beach, this home offers unparalleled access to the best of coastal life.

The main level features ceramic tile flooring for easy maintenance and a charming kitchen with a bi-level breakfast bar perfect for casual meals. The dining area seamlessly transitions into the inviting living room, complete with a cozy gas fireplace framed by transom windows and glass sliding doors, offering picturesque views of mature trees and a serene pond.

This exceptional unit boasts two patios. The front patio includes a secure locker and an outdoor shower, while the rear patio is the ideal spot to savor your morning coffee or evening drink while overlooking the tranquil pond.

Upstairs, the second floor hosts a luxurious primary bedroom with an ensuite bath, a spacious second bedroom, and a full hall bath. Spring Lake listings are a rare find, so don’t miss your chance to own a spectacular home in this perfect beach location! Note: there is a 1-month minimum for rentals in this phase of the community. Schedule your private showing today.

Last Agent to Sell the Property

Robin Palumbo Thompson

(302) 745-8541 robinpthompson@northroprealty.com Northrop Realty License #RS-0014060 Listed on: 05/27/2024

Northrop Realty

Last Buyer's Agent

Kara Johnson

(202) 378-4240 karajohnson@kw.com RLAH Real Estate License #RS-0036521

RLAH Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,514

Year Built

  • Built in 1982

Lot Details

  • Open Space
  • Backs To Open Common Area
  • Landscaped
  • Partially Wooded Lot
  • Backs to Trees or Woods
  • Back Yard
  • Property is in excellent condition

HOA Fees

  • $407 Monthly HOA Fees

Property Views

  • Pond
  • Woods
  • Garden

Home Design

  • Side-by-Side
  • Slab Foundation
  • Architectural Shingle Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 1,271 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace Mantel
  • Gas Fireplace
  • Casement Windows
  • Window Screens
  • Sliding Doors
  • Living Room
  • Dining Room
  • Attic

Kitchen

  • Galley Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Built-In Range
  • Built-In Microwave
  • Freezer
  • Ice Maker
  • Dishwasher

Flooring

  • Partially Carpeted
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Paved Parking
  • Parking Lot
  • 1 Assigned Parking Space

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property is near a pond
  • Pond
  • Multiple Balconies
  • Patio

Schools

  • Rehoboth Elementary School
  • Beacon Middle School
  • Cape Henlopen High School

Utilities

  • Central Air
  • Heat Pump System
  • 220 Volts
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-20.00-1.00-221

Community Details

Overview

  • $1,221 Capital Contribution Fee
  • Association fees include management, road maintenance, reserve funds, snow removal
  • $1,200 Other One-Time Fees
  • Spring Lake Subdivision
  • Property Manager

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Security

  • Storm Doors

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,514

Year Built

Built in 1982

Lot Details

0

HOA Fees

$407 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Side-By-Side
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Condominium
  • New Construction: No
  • Story List: Upper 1
  • Federal Flood Zone: No
  • Year Built: 1982
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Experience coastal living in this stunning two-bedroom, two-bath townhome nestled in the highly sought-after community of Spring Lake! Conveniently located across from the scenic Thompson Island walking trail and within walking distance to vibrant downtown Rehoboth Beach, this home offers unparalleled access to the best of coastal life. The main level features ceramic tile flooring for easy maintenance and a charming kitchen with a bi-level breakfast bar perfect for casual meals. The dining area seamlessly transitions into the inviting living room, complete with a cozy gas fireplace framed by transom windows and glass sliding doors, offering picturesque views of mature trees and a serene pond. This exceptional unit boasts two patios. The front patio includes a secure locker and an outdoor shower, while the rear patio is the ideal spot to savor your morning coffee or evening drink while overlooking the tranquil pond. Upstairs, the second floor hosts a luxurious primary bedroom with an ensuite bath, a spacious second bedroom, and a full hall bath. Spring Lake listings are a rare find, so don’t miss your chance to own a spectacular home in this perfect beach location! Note: there is a 1-month minimum for rentals in this phase of the community. Schedule your private showing today.
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Dryer, Freezer, Icemaker, Oven - Self Cleaning, Oven - Single, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Flooring Type: Ceramic Tile, Partially Carpeted
  • Interior Amenities: Attic, Breakfast Area, Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Floor Plan - Open, Kitchen - Galley, Primary Bath(s), Tub Shower
  • Window Features: Casement, Screens
  • Fireplace Features: Gas/Propane, Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Sliding Glass, Storm
  • Wall Ceiling Types: Dry Wall, 9'+ Ceilings, Vaulted Ceilings
  • Foundation Details: Slab
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1271
  • Living Area Sq Ft: 1271
  • Price Per Sq Ft: 413.06
  • Above Grade Finished Sq Ft: 1271
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 20942

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built, Wood Siding
  • Exterior Features: Outside Shower
  • Roof: Architectural Shingle
  • View: Garden/Lawn, Pond, Trees/Woods
  • Water Access: No
  • Water Body Type: Pond
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Paved Parking, Assigned
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 220 Volts, 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1221.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Management, Road Maintenance, Reserve Funds, Snow Removal
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Fenced, In Ground

Fee Information

  • Other Fees: 1200.00
  • Other Fees Frequency: One Time
  • Capital Contribution Fee: 1221.00

Schools

  • School District: CAPE HENLOPEN
  • Elementary School: REHOBOTH
  • Middle School: BEACON
  • High School: CAPE HENLOPEN
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396895
  • School District Source: Listing Agent
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Lot Info

  • Land Use Code: 999
  • Lot Features: Adjoins - Open Space, Backs - Open Common Area, Backs To Trees, Partly Wooded, Pond, Rear Yard, Landscaping
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Patio(s), Balconies- Multiple
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: HR-1
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 1377.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1514.00
  • Assessor Parcel Number: 334-20.00-1.00-221
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 07/19/2024

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2024
Closed on
Jul 19, 2024
Sold by
Lisa S Byrnes Revocable Trust and Byrnes Lisa S
Bought by
Witkowski Michele Mcdowell and Witkowski Bryan Kenneth
Seller's Agent
Robin Palumbo Thompson
Northrop Realty
Buyer's Agent
Kara Johnson
RLAH Real Estate
List Price
$550,000
Sold Price
$500,000
Premium/Discount to List
-$50,000
-9.09%
Views
32
Current Estimated Value
$535,389

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,389
Avg. Annual Appreciation
10.82%

Purchase Details

Closed on
Jul 15, 2002
Bought by
Byrnes Lisa S
Source: Public Records

Range of Values:

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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
Witkowski Michele Mcdowell $500,000 None Listed On Document
Byrnes Lisa S $265,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2024 07/19/24 Sold $500,000 -4.8% $393 / Sq Ft
06/20/2024 06/20/24 Pending -- -- --
06/12/2024 06/12/24 Price Changed $525,000 -2.8% $413 / Sq Ft
06/08/2024 06/08/24 Price Changed $540,000 -1.8% $425 / Sq Ft
05/27/2024 05/27/24 For Sale $550,000 -- $433 / 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
2025 $1,407 $25,250 $0 $25,250
2024 $1,834 $25,250 $0 $25,250
2023 $1,833 $25,250 $0 $25,250
2022 $1,780 $25,250 $0 $25,250
2021 $1,767 $25,250 $0 $25,250
2020 $1,761 $25,250 $0 $25,250
2019 $1,742 $25,250 $0 $25,250
2018 $1,350 $30,750 $0 $0
2017 $1,293 $30,750 $0 $0
2016 $1,237 $30,750 $0 $0
2015 $1,182 $30,750 $0 $0
2014 $1,173 $30,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Robin Palumbo Thompson

    Seller's Agent in 2024

    Robin Palumbo Thompson

    Creig Northrop Team of Long & Foster

    (302) 745-8541

    5 in this area

    137 Total Sales

    Robin Palumbo Thompson
    Section Image
  • Kara Johnson

    Buyer's Agent in 2024

    Kara Johnson

    RLAH Real Estate

    (202) 378-4240

    7 in this area

    68 Total Sales

    Kara Johnson
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2063398

Bright MLS

APN: 334-20.00-1.00-221

Delaware Sussex County Rehoboth Beach 19971

20942 Spring Lake Dr Unit 221, Rehoboth Beach, DE

This home is located at 20942 Spring Lake Dr Unit 221, Rehoboth Beach, DE 19971 since 27 May 2024 and is currently estimated at $535,389, approximately $421 per square foot. This property was built in 1982. 20942 Spring Lake Dr Unit 221 is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

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