NOT LISTED FOR SALE

Sanibel Village 3700 Sanibel Cir Unit 3708 Rehoboth Beach, DE 19971

Estimated Value: $431,000 - $468,000

2 Beds
2 Baths
960 Sq Ft
$204/mo HOA Fee

Last Sold March 21, 2024

Last sale price $450,000 $469 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,806/month

3 Days on Market

Highlights

  • Pond View
  • Open Floorplan
  • Community Pool
  • Rehoboth Elementary School Rated A
  • Screened Porch
  • Tennis Courts

About This Home

As of March 2024

Welcome to your Rehoboth Beach Getaway at Sanibel Village! Fully furnished and beautifully updated, this gorgeous, turnkey property has been enjoyed by the owners as well as providing great rental income with a very successful AIRBNB. Website can be found online. You will instantly feel welcome and at home in this pristine 2 bedroom, 2 bathroom modern yet cozy condo that sleeps 8, with tastefully decorated open space living area, fully stocked/equipped kitchen and relaxing screened balcony with hammock swing and seating /table area with outdoor string lights overlooking the pond and beautiful sunsets. November 2023 - Just freshly painted throughout, new plumbing under kitchen sink, bathroom sinks & toilets, and new ring camera. New AC unit installed in 2020. Updated in December 2019: New kitchen countertops, all beds and mattresses, bedroom dressers & night stands, ceiling fans & lighting, custom window shades and drapes, outdoor patio furniture, new faucet mounts in kitchen, showers and sinks, and crown molding. All furnishings are included as well as all the AIRBNB supplies needed for 2+ months (supply list included in disclosures). This prime location allows you to bypass beach traffic as this is just across Rehoboth Avenue and only 1.5 miles to Rehoboth Beach and the Boardwalk. Sanibel Village is part of the Eagles Landing Community which offers you access to three pools and two tennis courts, tree lined streets to walk or bike to superb restaurants, shops, breweries, water park, beach and more! Free, unlimited parking, Washer and Dryer in the unit, Master Bedroom with ensuite bathroom, guest bedroom (trundle with full bed, twin pullout and twin bunk beds with adjacent full bathroom. AIRBNB gross income - $37,000 per year, Average Weekly Summer Peak Rental - $2,000 per week, Average Short term rental per year - 45 stays, SUPER HOSTS rating from 2021-2023. Association/Rec Fee is $475 yearly.

Last Listed By

Penny Hollis

Woodburn Realty Listed on: 02/19/2024

Woodburn Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $778

Year Built

  • Built in 2001

HOA Fees

  • $204 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Slab Foundation
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 960 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Window Screens
  • Family Room Off Kitchen
  • Screened Porch
  • Pond Views

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Stacked Washer and Dryer

Home Security

Outdoor Features

  • Screened Patio
  • Exterior Lighting

Schools

  • Cape Henlopen High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 334-19.00-163.22-5202

Community Details

Overview

  • $475 Recreation Fee
  • Association fees include all ground fee, common area maintenance, insurance, lawn maintenance, management, pool(s), reserve funds, snow removal, trash
  • Low-Rise Condominium
  • Eagle's Landing Community
  • Sanibel Village Subdivision
  • Property Manager

Amenities

  • Common Area

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Storm Doors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$778

Year Built

Built in 2001

Lot Details

0

HOA Fees

$204 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Inclusions: All furnishings and supplies including 2+ months AIRBNB supplies
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2001
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to your Rehoboth Beach Getaway at Sanibel Village! Fully furnished and beautifully updated, this gorgeous, turnkey property has been enjoyed by the owners as well as providing great rental income with a very successful AIRBNB. Website can be found online. You will instantly feel welcome and at home in this pristine 2 bedroom, 2 bathroom modern yet cozy condo that sleeps 8, with tastefully decorated open space living area, fully stocked/equipped kitchen and relaxing screened balcony with hammock swing and seating /table area with outdoor string lights overlooking the pond and beautiful sunsets. November 2023 - Just freshly painted throughout, new plumbing under kitchen sink, bathroom sinks & toilets, and new ring camera. New AC unit installed in 2020. Updated in December 2019: New kitchen countertops, all beds and mattresses, bedroom dressers & night stands, ceiling fans & lighting, custom window shades and drapes, outdoor patio furniture, new faucet mounts in kitchen, showers and sinks, and crown molding. All furnishings are included as well as all the AIRBNB supplies needed for 2+ months (supply list included in disclosures). This prime location allows you to bypass beach traffic as this is just across Rehoboth Avenue and only 1.5 miles to Rehoboth Beach and the Boardwalk. Sanibel Village is part of the Eagles Landing Community which offers you access to three pools and two tennis courts, tree lined streets to walk or bike to superb restaurants, shops, breweries, water park, beach and more! Free, unlimited parking, Washer and Dryer in the unit, Master Bedroom with ensuite bathroom, guest bedroom (trundle with full bed, twin pullout and twin bunk beds with adjacent full bathroom. AIRBNB gross income - $37,000 per year, Average Weekly Summer Peak Rental - $2,000 per week, Average Short term rental per year - 45 stays, SUPER HOSTS rating from 2021-2023. Association/Rec Fee is $475 yearly.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked
  • Entry Floor: 2
  • Flooring Type: Carpet, Ceramic Tile, Vinyl
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Living, Combination Kitchen/Dining, Crown Moldings, Family Room Off Kitchen, Flat, Floor Plan - Open, Primary Bath(s), Recessed Lighting, Window Treatments
  • Window Features: Screens
  • Fireplace: No
  • Door Features: Storm
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Slab
  • Levels Count: 1
  • Room List: Screened Porch
  • Basement: No
  • Laundry Type: Main Floor, Washer In Unit, Dryer In Unit
  • Total Sq Ft: 960
  • Living Area Sq Ft: 960
  • Price Per Sq Ft: 463.54
  • Above Grade Finished Sq Ft: 960
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3700

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: Stick Built, Vinyl Siding
  • Exterior Features: Exterior Lighting, Sidewalks
  • Roof: Architectural Shingle
  • Spa: No
  • View: Pond
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Phone
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 613.13
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Common Grounds, Pool - Outdoor, Tennis Courts
  • HOA Condo Co-Op Fee Includes: All Ground Fee, Common Area Maintenance, Insurance, Lawn Maintenance, Management, Pool(s), Reserve Funds, Snow Removal, Trash
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: 475.00
  • Association Recreation Fee: Yes
  • Community Pool Features: Fenced, In Ground

Schools

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

Lot Info

  • Land Use Code: 999
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Screened, Porch(es)
  • Year Assessed: 2023
  • Zoning: HR-2
  • In City Limits: No

Rental Info

  • Pets: Cats Ok, Dogs Ok, Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 708.00
  • Tax Annual Amount: 778.00
  • Assessor Parcel Number: 334-19.00-163.22-5202
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 03/21/2024

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2024
Closed on
Mar 21, 2024
Sold by
Baez Ivan A and Baez Lea
Bought by
Hoffman Robert V and Hoffman Meredith A
Seller's Agent
Penny Hollis
Woodburn Realty
Buyer's Agent
Jamie Coleman
Patterson-Schwartz-Rehoboth
List Price
$445,000
Sold Price
$450,000
Premium/Discount to List
$5,000
1.12%
Total Days on Market
3
Views
61
Current Estimated Value
$457,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,634
Avg. Annual Appreciation
1.49%
Original Mortgage
$360,000
Outstanding Balance
$356,082
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$101,552

Purchase Details

Listed on
Jul 19, 2019
Closed on
Sep 20, 2019
Sold by
Travis John L and Honsberger Joseph M
Bought by
Baez Ivan A and Baez Lea
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Penny Hollis
Woodburn Realty
List Price
$224,900
Sold Price
$224,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.66%

Purchase Details

Closed on
Aug 23, 2002
Bought by
Travis John L and Honsberger Joseph M

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
Hoffman Robert V $450,000 None Listed On Document
Baez Ivan A $224,900 --
Travis John L $167,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoffman Robert V $360,000
Previous Owner Travis John L $122,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2024 03/21/24 Sold $450,000 +1.1% $469 / Sq Ft
02/22/2024 02/22/24 Pending -- -- --
02/19/2024 02/19/24 For Sale $445,000 +97.9% $464 / Sq Ft
09/20/2019 09/20/19 Sold $224,900 0.0% $234 / Sq Ft
08/13/2019 08/13/19 Pending -- -- --
07/19/2019 07/19/19 For Sale $224,900 -- $234 / 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 $779 $15,250 $0 $15,250
2023 $778 $15,250 $0 $15,250
2022 $751 $15,250 $0 $15,250
2021 $743 $15,250 $0 $15,250
2020 $742 $15,250 $0 $15,250
2019 $743 $15,250 $0 $15,250
2018 $694 $15,800 $0 $0
2017 $664 $15,800 $0 $0
2016 $631 $15,800 $0 $0
2015 $603 $15,800 $0 $0
2014 $599 $15,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Penny Hollis

    Seller's Agent in 2024

    Penny Hollis

    Woodburn Realty

    (410) 725-4738

    1 in this area

    75 Total Sales

    Penny Hollis
    Section Image
  • Jamie Coleman

    Buyer's Agent in 2024

    Jamie Coleman

    Patterson Schwartz

    (302) 344-7158

    30 in this area

    104 Total Sales

    Jamie Coleman
    Section Image
  • Bryce Lingo

    Seller's Agent in 2019

    Bryce Lingo

    Jack Lingo - Rehoboth

    (302) 226-6417

    203 in this area

    394 Total Sales

    Bryce Lingo
    Section Image
  • Amanda Ryan

    Seller Co-Listing Agent in 2019

    Amanda Ryan

    Jack Lingo - Rehoboth

    (302) 841-9603

    32 in this area

    87 Total Sales

    Amanda Ryan
    Section Image
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About Sanibel Village

Map

Source: Bright MLS

MLS Number: DESU2056454

Bright MLS

APN: 334-19.00-163.22-5202

Delaware Sussex County Rehoboth Beach 19971

3700 Sanibel Cir Unit 3708, Rehoboth Beach, DE

Homes for Sale in Rehoboth Beach, DE

This home is located at 3700 Sanibel Cir Unit 3708, Rehoboth Beach, DE 19971 since 19 February 2024 and is currently estimated at $457,634, approximately $476 per square foot. This property was built in 2001. 3700 Sanibel Cir Unit 3708 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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