NOT LISTED FOR SALE

Sanibel Village 3700 Sanibel Cir Unit 3718 Rehoboth Beach, DE 19971

Estimated Value: $531,458 - $767,000

5 Beds
3.5 Baths
3,000 Sq Ft
$645/mo HOA Fee

Last Sold December 04, 2020

Last sale price $437,647 $146 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $4,352/month

Highlights

  • Water Oriented
  • Pond View
  • Open Floorplan
  • Rehoboth Elementary School Rated A
  • Waterfront
  • Contemporary Architecture

About This Home

As of December 2020

Rarely available 5 bedroom end unit penthouse! This spacious, two-level 3,000 sq ft vacation home is located in the pristine Sanibel Village community. With elevator access and 5 bedrooms, 3.5 baths this is the perfect home for large or multi-generation family living. A proven rental income track record that generates $2,600 per week during the summer season makes this a lucrative investment opportunity if desired. The screened porch off the living room allows you to kick back, relax and enjoy the hidden charm of listening to the cascading sounds of the bullfrogs while enjoying the sunset and pond views. Or stroll upstairs to the large sun deck that is perfect for enjoying your morning coffee, catching rays, or an evening cocktail under the stars. The kitchen features slate countertops and open design to provide easy access to the dining room and living room. The first floor laundry room includes space to store beach chairs, coolers, and other beach necessities. The second floor features a spacious owner's suite with a full bath and walk-in closet, two additional bedrooms, and pond front balcony. Sanibel Village is part of the Eagles Landing Community, which offers access to 3 pools and 2 tennis courts. Just a short walk or bike ride to all the shops, dining, and beaches of downtown Rehoboth Beach.

Last Agent to Sell the Property

Lee Ann Wilkinson

(302) 278-6726 leeann@leeanngroup.com Berkshire Hathaway HomeServices PenFed Realty License #RA-0002064 Listed on: 10/02/2020

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

BRUCE WRIGHT

(302) 542-7651 brucewright@mchsi.com Mann & Sons, Inc. License #RS-0016583

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,359

Year Built

  • Built in 2001

Lot Details

  • 7,318

HOA Fees

  • $645 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Contemporary Architecture
  • Entry on the 3rd floor
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 3,000 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Ceiling Fan
  • Window Treatments
  • Window Screens
  • Living Room
  • Dining Room
  • Pond Views

Kitchen

  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Water Oriented
  • Property is near a pond
  • Balcony
  • Screened Patio
  • Porch

Utilities

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

Additional Features

  • Accessible Elevator Installed
  • Waterfront

Listing and Financial Details

  • Assessor Parcel Number 334-19.00-163.22-5306

Community Details

Overview

  • Association fees include common area maintenance, road maintenance, snow removal, trash, pool(s), exterior building maintenance
  • 1 Elevator
  • Low-Rise Condominium
  • Sanibel Village Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Security

  • Storm Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,359

Year Built

Built in 2001

Lot Details

0

HOA Fees

$645 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
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Exclusions: Personal items, some decorative items, and wall hangings
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2001
  • Automatically Close On Close Date: No
  • Remarks Public: Rarely available 5 bedroom end unit penthouse! This spacious, two-level 3,000 sq ft vacation home is located in the pristine Sanibel Village community. With elevator access and 5 bedrooms, 3.5 baths this is the perfect home for large or multi-generation family living. A proven rental income track record that generates $2,600 per week during the summer season makes this a lucrative investment opportunity if desired. The screened porch off the living room allows you to kick back, relax and enjoy the hidden charm of listening to the cascading sounds of the bullfrogs while enjoying the sunset and pond views. Or stroll upstairs to the large sun deck that is perfect for enjoying your morning coffee, catching rays, or an evening cocktail under the stars. The kitchen features slate countertops and open design to provide easy access to the dining room and living room. The first floor laundry room includes space to store beach chairs, coolers, and other beach necessities. The second floor features a spacious owner's suite with a full bath and walk-in closet, two additional bedrooms, and pond front balcony. Sanibel Village is part of the Eagles Landing Community, which offers access to 3 pools and 2 tennis courts. Just a short walk or bike ride to all the shops, dining, and beaches of downtown Rehoboth Beach.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, Washer, Water Heater
  • Entry Floor: 3
  • Flooring Type: Carpet, Hardwood, Vinyl
  • Interior Amenities: Ceiling Fan(s), Entry Level Bedroom, Floor Plan - Open, Primary Bath(s), Walk-In Closet(s), Window Treatments
  • Window Features: Screens, Storm
  • Elevators Count: 1
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Laundry, Bathroom 2, Bathroom 3, Primary Bathroom, Half Bath
  • Basement: No
  • Total Sq Ft: 3000
  • Living Area Sq Ft: 3000
  • Price Per Sq Ft: 141.63
  • Above Grade Finished Sq Ft: 3000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3700

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 2
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Roof: Architectural Shingle
  • View: Pond
  • Water Access: No
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • 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
  • 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: 1935.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Road Maintenance, Snow Removal, Trash, Pool(s), Ext Bldg Maint
  • HOA: No
  • Senior Community: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony, Porch(es), Screened
  • Year Assessed: 2020
  • Zoning: HR-2
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5200463
  • School Tax: 1230.00
  • Tax Annual Amount: 1359.00
  • Assessor Parcel Number: 334-19.00-163.22-5306
  • Tax Total Finished Sq Ft: 1395
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 12/04/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2023
Sold by
Kent Selena Price and Ford Kim Price
Bought by
Price Kent Selena and Kent Karl A
Current Estimated Value
$676,615

Purchase Details

Listed on
Oct 2, 2020
Closed on
Dec 1, 2020
Sold by
Hitchens Jeffrey H and Hitchens Sandra W
Bought by
Price-Kent Selena and Price-Ford Kim
Seller's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
BRUCE WRIGHT
Mann & Sons, Inc.
List Price
$424,900
Sold Price
$437,647
Premium/Discount to List
$12,747
3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.44%
Original Mortgage
$393,883
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2015
Sold by
Smithart Timothy M
Bought by
Hitchens Jeffrey H and Hitchens Sandra W
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
Price Kent Selena $130,000 None Listed On Document
Price-Kent Selena $437,647 None Available
Hitchens Jeffrey H $300,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Price-Kent Selena $393,883
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2020 12/04/20 Sold $437,647 +3.0% $146 / Sq Ft
10/04/2020 10/04/20 Pending -- -- --
10/02/2020 10/02/20 For Sale $424,900 -- $142 / 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 $1,436 $28,950 $0 $28,950
2024 $1,518 $28,950 $0 $28,950
2023 $1,517 $28,950 $0 $28,950
2022 $1,464 $28,950 $0 $28,950
2021 $1,450 $28,950 $0 $28,950
2020 $1,446 $28,950 $0 $28,950
2019 $1,448 $28,950 $0 $28,950
2018 $1,353 $30,800 $0 $0
2017 $1,295 $30,800 $0 $0
2016 $1,230 $30,800 $0 $0
2015 $1,176 $30,800 $0 $0
2014 $1,167 $30,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lee Ann Wilkinson

    Seller's Agent in 2020

    Lee Ann Wilkinson

    BHHS PenFed (actual)

    (302) 278-6726

    221 in this area

    1,881 Total Sales

    Lee Ann Wilkinson
    Section Image
  • BRUCE WRIGHT

    Buyer's Agent in 2020

    BRUCE WRIGHT

    Mann & Sons, Inc.

    (302) 542-7651

    18 in this area

    79 Total Sales

    BRUCE WRIGHT
    Section Image
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About Sanibel Village

Map

Source: Bright MLS

MLS Number: DESU170514

Bright MLS

APN: 334-19.00-163.22-5306

Delaware Sussex County Rehoboth Beach 19971

3700 Sanibel Cir Unit 3718, Rehoboth Beach, DE

This home is located at 3700 Sanibel Cir Unit 3718, Rehoboth Beach, DE 19971 since 02 October 2020 and is currently estimated at $676,615, approximately $225 per square foot. This property was built in 2001. 3700 Sanibel Cir Unit 3718 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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