NOT LISTED FOR SALE

37871 Abaco Ln Unit 3 Rehoboth Beach, DE 19971

Estimated Value: $326,000 - $460,000

2 Beds
1 Bath
700 Sq Ft
$577/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $397,000 $567 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,393/month

18 Days on Market

Highlights

  • Open Floorplan
  • Deck
  • Upgraded Countertops
  • Rehoboth Elementary School Rated A
  • Vaulted Ceiling
  • Bungalow

About This Home

As of September 2022

Welcome to Washington Square, a unique, small community with-in walking distance to downtown Rehoboth Beach. This 2 bedroom / 1 bathroom cottage has a renovated in 2022-kitchen w/granite counters, new cabinets and appliances, 2021 heating & air-conditioning with new duct work in crawlspace, front deck w/electric awning, two sheds, washer/dryer, newer hot water heater, encapsulated crawlspace with new dehumidifier plus interior freshly painted. Conveniently located one block to the bus stop and an easy walk down State Road to the shops, restaurants, beach and boardwalk. Don't miss the opportunity to get your summer getaway place. Would also make a terrific rental property.

Last Listed By

John Black

Patterson-Schwartz-Rehoboth Listed on: 07/30/2022

Patterson-Schwartz-Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $535

Year Built

  • Built in 1960

Lot Details

  • Property is in very good condition
  • Property is zoned RC

HOA Fees

  • $108 Monthly HOA Fees

Home Design

  • Bungalow
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 700 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • Combination Dining and Living Room
  • Crawl Space
  • Stacked Washer and Dryer

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces
  • Private Parking

Outdoor Features

  • Deck
  • Outbuilding

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Electric Water Heater

Community Details

  • Association fees include management, road maintenance
  • Rehoboth Manor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-19.12-28.00-3

Home Details

Home Type

Single Family

Est. Annual Taxes

$535

Year Built

Built in 1960

Lot Details

0

HOA Fees

$108 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Condominium
  • Exclusions: Personal items
  • Inclusions: Fully Furnished, please include a separate addendum itemizing the furniture.
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1960
  • Remarks Public: Welcome to Washington Square, a unique, small community with-in walking distance to downtown Rehoboth Beach. This 2 bedroom / 1 bathroom cottage has a renovated in 2022-kitchen w/granite counters, new cabinets and appliances, 2021 heating & air-conditioning with new duct work in crawlspace, front deck w/electric awning, two sheds, washer/dryer, newer hot water heater, encapsulated crawlspace with new dehumidifier plus interior freshly painted. Conveniently located one block to the bus stop and an easy walk down State Road to the shops, restaurants, beach and boardwalk. Don't miss the opportunity to get your summer getaway place. Would also make a terrific rental property.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked
  • Flooring Type: Carpet, Ceramic Tile
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Floor Plan - Open, Upgraded Countertops
  • Wall Ceiling Types: Vaulted Ceilings
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 700
  • Living Area Sq Ft: 700
  • Price Per Sq Ft: 592.86
  • Above Grade Finished Sq Ft: 700
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 37871

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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, Vinyl Siding
  • Exterior Features: Outbuilding(s)
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Private
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • 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: 1300.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Fee Includes: Management, Road Maintenance
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Land Lease: No
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Very Good
  • Zoning: RC
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Tax Annual Amount: 535.00
  • Assessor Parcel Number: 334-19.12-28.00-3
  • Tax Year: 2021
  • Close Date: 09/16/2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2022
Closed on
Sep 16, 2022
Sold by
Virginia Thompson
Bought by
Martinez Gerald and Martinez Cherie C
Seller's Agent
John Black
Patterson-Schwartz-Rehoboth
Buyer's Agent
John Black
Patterson-Schwartz-Rehoboth
List Price
$415,000
Sold Price
$397,000
Premium/Discount to List
-$18,000
-4.34%
Total Days on Market
18
Current Estimated Value
$404,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,183
Avg. Annual Appreciation
0.68%

Purchase Details

Closed on
Jun 6, 2002
Bought by
Rison Joseph C

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
Martinez Gerald $397,000 --
Rison Joseph C $139,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Anne M Mead Lt $192,000
Previous Owner Rison Joseph C $243,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2022 09/16/22 Sold $397,000 -4.3% $567 / Sq Ft
08/17/2022 08/17/22 Pending -- -- --
07/30/2022 07/30/22 For Sale $415,000 -- $593 / 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 $545 $4,050 $0 $4,050
2023 $545 $4,050 $0 $4,050
2022 $537 $4,050 $0 $4,050
2021 $535 $4,050 $0 $4,050
2020 $533 $4,050 $0 $4,050
2019 $512 $4,050 $0 $4,050
2018 $202 $4,600 $0 $0
2017 $193 $4,600 $0 $0
2016 $212 $4,600 $0 $0
2015 $204 $4,600 $0 $0
2014 $203 $4,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Black

    Seller's Agent in 2022

    John Black

    Patterson Schwartz

    (302) 249-6922

    31 in this area

    52 Total Sales

    John Black
    Section Image
  • BILL PEIFFER

    Seller Co-Listing Agent in 2022

    BILL PEIFFER

    Patterson Schwartz

    (302) 542-9318

    17 in this area

    35 Total Sales

    BILL PEIFFER
    Section Image
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Map

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Source: Bright MLS

MLS Number: DESU2026464

Bright MLS

APN: 334-19.12-28.00-3

Delaware Sussex County Rehoboth Beach 19971

37871 Abaco Ln Unit 3, Rehoboth Beach, DE

Homes for Sale in Rehoboth Beach, DE

This home is located at 37871 Abaco Ln Unit 3, Rehoboth Beach, DE 19971 since 30 July 2022 and is currently estimated at $404,183, approximately $577 per square foot. This property was built in 1960. 37871 Abaco Ln 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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