$400,000
SOLD DEC 22, 2021

37821 16n-5 Unit 3 Rehoboth Beach, DE 19971

1 Bed
1 Bath
375 Sq Ft
$172/mo HOA Fee

Recently Sold

$1,067 Per Sq Ft

4% Below List Price

37 Days on Market

Highlights

  • Furnished
  • Great Room
  • Cottage
  • Rehoboth Elementary School Rated A
  • Screened Porch
  • Tankless Water Heater

About This Home

As of February 2025

This award-winning Cottage is named Grace and has received top honors on a host of social media and travel websites. There is a point where poise and sophistication meet the lifestyle of quaint coastal Delaware. That point is at Grace’s front door. This cottage is an amazing investment opportunity for the budding entrepreneur or the experienced investor boasting well over $40,000 in yearly revenue. You’d be hard pressed to find a nearby 2-bedroom condo doing the same in rental income let alone another one-bedroom unit. This is the little Cottage that not only could but did! Now is your chance to capitalize on a 100% turnkey property as it is being sold completely furnished. What your eyes can see is included. Located just south of the canal between Rehoboth and Dewey. Walk or bike to the beaches, because they’re included too. Grace’s charm starts with a large screened-in porch entering into the comfortable main living area featuring a white kitchen offset by dark flooring. Enter the spacious bedroom through the French Doors. An additional outdoor seating area and shared outdoor shower complete the semi-detached unit. Grace has a twin named Harbor and it is also for available for purchase. That means you have one of the rarest opportunities to own both sides of a duplex.

Last Agent to Sell the Property

Joseph Sterner

McWilliams/Ballard, Inc. License #RS-0025129

Last Buyer's Agent

Chelsea Bristow

Jack Lingo - Lewes License #RS0036554

Jack Lingo - Lewes

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $330

Year Built

  • Built in 1960

HOA Fees

  • $172 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Semi-Detached or Twin Home
  • Cottage
  • Stick Built Home

Interior Spaces

  • 375 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Great Room
  • Screened Porch
  • Crawl Space

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Location

  • Flood Risk

Utilities

  • Zoned Heating and Cooling
  • Air Source Heat Pump
  • Tankless Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-19.12-22.00-3

Community Details

Overview

  • Association fees include common area maintenance, insurance, laundry, road maintenance, trash
  • Sea Club Vi Community
  • Rehoboth Manor Subdivision

Amenities

  • Common Area
  • Laundry Facilities

Pet Policy

  • Dogs Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$330

Year Built

Built in 1960

Lot Details

0

HOA Fees

$172 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Cottage
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-10-07
  • Federal Flood Zone: Yes
  • Year Built: 1960
  • Automatically Close On Close Date: No
  • Remarks Public: This award-winning Cottage is named Grace and has received top honors on a host of social media and travel websites. There is a point where poise and sophistication meet the lifestyle of quaint coastal Delaware. That point is at Grace’s front door. This cottage is an amazing investment opportunity for the budding entrepreneur or the experienced investor boasting well over $40,000 in yearly revenue. You’d be hard pressed to find a nearby 2-bedroom condo doing the same in rental income let alone another one-bedroom unit. This is the little Cottage that not only could but did! Now is your chance to capitalize on a 100% turnkey property as it is being sold completely furnished. What your eyes can see is included. Located just south of the canal between Rehoboth and Dewey. Walk or bike to the beaches, because they’re included too. Grace’s charm starts with a large screened-in porch entering into the comfortable main living area featuring a white kitchen offset by dark flooring. Enter the spacious bedroom through the French Doors. An additional outdoor seating area and shared outdoor shower complete the semi-detached unit. Grace has a twin named Harbor and it is also for available for purchase. That means you have one of the rarest opportunities to own both sides of a duplex.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Room List: Kitchen, Bedroom 1, Great Room, Bathroom 1, Screened Porch
  • Basement: No
  • Total Sq Ft: 375
  • Living Area Sq Ft: 375
  • Price Per Sq Ft: 1106.67
  • Above Grade Finished Sq Ft: 375
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 37821

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s), Zoned
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s), Zoned
  • Heating: Yes
  • Hot Water: Tankless
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 515.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Common Grounds, Laundry Facilities
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Laundry, Road Maintenance, Trash
  • 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
  • Year Assessed: 2021
  • Zoning: RESIDENTIAL
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Pets: Dogs Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 43000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5201706
  • School Tax: 298.00
  • Tax Annual Amount: 330.00
  • Assessor Parcel Number: 334-19.12-22.00-3
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 12/22/2021

MLS Schools

  • School District Name: CAPE HENLOPEN

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2025 02/17/25 Sold $390,000 -4.9% --
09/17/2024 09/17/24 Price Changed $410,000 -1.2% --
06/27/2024 06/27/24 Price Changed $415,000 -3.5% --
05/30/2024 05/30/24 For Sale $430,000 +7.5% --
12/22/2021 12/22/21 Sold $400,000 -3.6% $1,067 / Sq Ft
10/06/2021 10/06/21 For Sale $415,000 -- $1,107 / Sq Ft
Source: Bright MLS

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Source: Bright MLS

MLS Number: DESU2007810

Bright MLS

Delaware Sussex County Rehoboth Beach 19971

37821 16n-5 Unit 3, Rehoboth Beach, DE

Homes for Sale in Rehoboth Beach, DE

This home is located at 37821 16n-5 Unit 3, Rehoboth Beach, DE 19971 and is currently priced at $400,000, approximately $1,066 per square foot. This property was built in 1960. 37821 16n-5 Unit 3 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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