NOT LISTED FOR SALE

20981 Coastal Hwy Unit 3 Rehoboth Beach, DE 19971

Estimated Value: $461,864 - $634,000

3 Beds
2.5 Baths
1,100 Sq Ft
$490/Sq Ft Est. Value

Last Sold March 31, 2017

Last sale price $355,000 $323 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $3,274/month

Highlights

  • In Ground Pool
  • Furnished
  • Breakfast Area or Nook
  • Rehoboth Elementary School Rated A
  • Combination Kitchen and Living
  • Balcony

About This Home

As of March 2017

Only 2 very short blocks to the beach! 3 bed/2.5ba, small 12 unit complex with a rare inground pool. Great condition! Solid rental history of $22K per year with a history of $88K in the last four seasons. Repeat tenants already want to re book for the upcoming 2017 season. Entry level $ investment. Fully furnished, turn key ready. New heating and central air 2 yrs old, 1st floor all tile, 2nd & 3rd fl berber carpet, custom colors, wainscoating walls in living room, hoa fee includes pool and trash removal, maintenance, insurance... Where else can you get a nice 3bed/2.5 ba with an inground pool, only 2 short blocks from the ocean with an asking price of only $365,000? Walk to Dewey and Rehoboth. Great investment

Last Agent to Sell the Property

JOSEPH CHOMA

(302) 381-5602 joechoma@deweybeachhomesales.com Berkshire Hathaway HomeServices PenFed Realty License #RS-0015525 Listed on: 09/20/2016

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Lee Ann Wilkinson

(302) 278-6726 leeann@leeanngroup.com Berkshire Hathaway HomeServices PenFed Realty License #RA-0002064

Berkshire Hathaway HomeServices PenFed Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,696

Year Built

  • Built in 1993

Lot Details

  • Partially Fenced Property

HOA Fees

  • $275 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,100 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Family Room
  • Combination Kitchen and Living
  • Stacked Washer and Dryer

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Shared Driveway
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • In Ground Pool
  • Balcony
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 334-20.13-45.01-3

Community Details

Overview

  • Beach Club Community
  • Killens Addition Subdivision

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,696

Year Built

Built in 1993

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1993
  • Remarks Public: Only 2 very short blocks to the beach! 3 bed/2.5ba, small 12 unit complex with a rare inground pool. Great condition! Solid rental history of $22K per year with a history of $88K in the last four seasons. Repeat tenants already want to re book for the upcoming 2017 season. Entry level $ investment. Fully furnished, turn key ready. New heating and central air 2 yrs old, 1st floor all tile, 2nd & 3rd fl berber carpet, custom colors, wainscoating walls in living room, hoa fee includes pool and trash removal, maintenance, insurance... Where else can you get a nice 3bed/2.5 ba with an inground pool, only 2 short blocks from the ocean with an asking price of only $365,000? Walk to Dewey and Rehoboth. Great investment
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 1
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Breakfast Area, Combination Kitchen/Living
  • Fireplace: No
  • Foundation Details: Slab
  • Floors In Unit Count: 3
  • Level Count: 3
  • Levels Count: 3+
  • Room Count: 5
  • Room List: Primary Bedroom, Kitchen, Family Room, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1100
  • Living Area Sq Ft: 1100
  • Net Sq Ft: 1100.00
  • Price Per Sq Ft: 331.82
  • Above Grade Finished Sq Ft: 1100
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 20981

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Construction Completed: Yes
  • Pool Features: In Ground
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal, Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Assigned, Shared Driveway, Paved Driveway
  • Number Of Parking Spaces Included: 2-Car Parking
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Heat Pump(s)
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Private Sewer
  • Water Sewer Expenses: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3300.00
  • HOA Condo Co-Op Amenities: Reserved/Assigned Parking, Pool - Outdoor, Swimming Pool
  • HOA: No
  • Association Recreation Fee: Yes

Schools

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

Lot Info

  • Fencing: Partially
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony, Patio(s)
  • Zoning Description: TOWN CODES

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 22000.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5203881
  • Assessor Parcel Number: 334-20.13-45.01-3
  • County Tax Payment Frequency: Annually
  • Close Date: 03/31/2017

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 16, 2012
Sold by
Susan Ann Susan Ann and Benson Cathy Anne
Bought by
Sausen Thomas F
Current Estimated Value
$538,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,250
Outstanding Balance
$155,615
Interest Rate
3.88%
Estimated Equity
$383,351
Source: Public Records

Range of Values:

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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
Sausen Thomas F $303,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sausen Thomas F $227,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2017 03/31/17 Sold $355,000 -6.3% $323 / Sq Ft
02/03/2017 02/03/17 Pending -- -- --
09/20/2016 09/20/16 For Sale $379,000 -- $345 / 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 $1,696 $18,800 $0 $18,800
2024 $1,440 $18,800 $0 $18,800
2023 $1,439 $18,800 $0 $18,800
2022 $1,400 $18,800 $0 $18,800
2021 $1,390 $18,800 $0 $18,800
2020 $1,386 $18,800 $0 $18,800
2019 $1,366 $18,800 $0 $18,800
2018 $999 $22,750 $0 $0
2017 $957 $22,750 $0 $0
2016 $937 $22,750 $0 $0
2015 $897 $22,750 $0 $0
2014 $890 $22,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001021960

Bright MLS

APN: 334-20.13-45.01-3