NOT LISTED FOR SALE

38015 West Dr Unit 755 Rehoboth Beach, DE 19971

Estimated Value: $555,000 - $627,000

2 Beds
2 Baths
1,360 Sq Ft
$340/mo HOA Fee

Last Sold April 30, 2021

Last sale price $390,000 $287 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $3,593/month

2 Days on Market

Highlights

  • Water Oriented
  • Waterfront
  • Wood Flooring
  • Rehoboth Elementary School Rated A
  • Open Floorplan
  • Main Floor Bedroom

About This Home

As of April 2021

First floor - spacious and open living - single level Spring Lake condo overlooking the lake and you will enjoy serene sounds from the fountain from your back patio. Featuring hardwood floors and tile throughout, kitchen with island and white cabinets, great room with propane fireplace, ready to enjoy! Spring Lake is an easy walk or bike to downtown Rehoboth or Dewey to enjoy the boardwalk and ocean. Walk to nearby restaurants, shops, and attractions. Spring Lake has a community pool to enjoy a dip after a day at the beach. Start enjoying beach life today!

Last Agent to Sell the Property

Carla Campbell

(302) 542-5534 carla@beachteam.com Monument Sotheby's International Realty License #RA-0003577 Listed on: 03/17/2021

Monument Sotheby's International Realty

Last Buyer's Agent

Brian Barrows

(302) 228-0204 brian@barrowsandassoc.com Monument Sotheby's International Realty License #RA-0020621

Monument Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $981

Year Built

  • Built in 2000

Lot Details

  • Waterfront
  • Property is in very good condition

HOA Fees

  • $340 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 1,360 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Bar
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments

Kitchen

  • Galley Kitchen
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Electric Dryer
  • Washer

Parking

  • Parking Lot
  • 2 Assigned Parking Spaces

Outdoor Features

  • Water Oriented
  • Property is near a pond

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Propane
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 334-20.00-1.00-755

Community Details

Overview

  • $700 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, management, recreation facility
  • Spring Lake Community Trust HOA
  • Low-Rise Condominium
  • Spring Lake VII Condos
  • Spring Lake Subdivision
  • Property Manager

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$981

Year Built

Built in 2000

Lot Details

0

HOA Fees

$340 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: Condominium
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2000
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Carpet, Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Bar, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, Floor Plan - Open, Kitchen - Galley, Walk-In Closet(s), Window Treatments
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Slab
  • Levels Count: 1
  • Room List: Laundry
  • Basement: No
  • Laundry Type: Main Floor, Has Laundry
  • Total Sq Ft: 1360
  • Living Area Sq Ft: 1360
  • Price Per Sq Ft: 283.09
  • Above Grade Finished Sq Ft: 1360
  • Above Grade Finished Area Units: Square Feet

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: Frame
  • Water Access: No
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned
  • 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
  • Utilities: Cable Tv Available, Electric Available, Propane
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Unknown
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1020.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Spring Lake VII
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Recreation Facility
  • HOA Name: SPRING LAKE COMMUNITY TRUST
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Capital Contribution Fee: 700.00

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Very Good
  • Zoning: HR-2
  • In City Limits: No

Rental Info

  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5202221
  • School Tax: 888.00
  • Tax Annual Amount: 981.00
  • Assessor Parcel Number: 334-20.00-1.00-755
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2016
Closed on
Sep 28, 2016
Sold by
Pashananaei Bijan and Becker Pashanamaei Mary F
Bought by
Holder Elizabeth Anne and Blase Holder Frank
Seller's Agent
Kim Hamer
Monument Sotheby's International Realty
Buyer's Agent
Carla Campbell
Monument Sotheby's International Realty
List Price
$355,000
Sold Price
$342,000
Premium/Discount to List
-$13,000
-3.66%
Current Estimated Value
$596,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$254,338
Avg. Annual Appreciation
6.23%
Original Mortgage
$307,800
Outstanding Balance
$246,759
Interest Rate
3.46%
Mortgage Type
New Conventional
Estimated Equity
$349,579

Purchase Details

Closed on
Mar 26, 2012
Sold by
James E James E and Ellison Carole B
Bought by
Pashanmaei Ibijan and Becker Pashanmaei Mary F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.08%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Holder Elizabeth Anne $342,000 None Available
Pashanmaei Ibijan $345,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holder Elizabeth Anne $307,800
Previous Owner Pashanmaei Ibijan $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/30/2021 04/30/21 Sold $390,000 +1.3% $287 / Sq Ft
03/19/2021 03/19/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $385,000 +12.6% $283 / Sq Ft
09/28/2016 09/28/16 Sold $342,000 -3.7% $251 / Sq Ft View Prior Sale
08/11/2016 08/11/16 Pending -- -- --
08/06/2016 08/06/16 For Sale $355,000 -- $261 / 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 $1,389 $20,900 $0 $20,900
2024 $1,701 $20,900 $0 $20,900
2023 $1,700 $20,900 $0 $20,900
2022 $1,652 $20,900 $0 $20,900
2021 $1,639 $20,900 $0 $20,900
2020 $1,634 $20,900 $0 $20,900
2019 $1,563 $20,900 $0 $20,900
2018 $1,232 $28,050 $0 $0
2017 $1,180 $28,050 $0 $0
2016 $1,129 $28,050 $0 $0
2015 $1,079 $28,050 $0 $0
2014 $1,071 $28,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carla Campbell

    Seller's Agent in 2021

    Carla Campbell

    OCEAN ATLANTIC SOTHEBYS

    (302) 542-5534

    22 in this area

    54 Total Sales

    Carla Campbell
    Section Image
  • Brian Barrows

    Buyer's Agent in 2021

    Brian Barrows

    OCEAN ATLANTIC SOTHEBYS

    (302) 228-0204

    135 in this area

    377 Total Sales

    Brian Barrows
    Section Image
  • Kim Hamer

    Seller's Agent in 2016

    Kim Hamer

    OCEAN ATLANTIC SOTHEBYS

    (302) 745-9914

    93 in this area

    262 Total Sales

    Kim Hamer
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU179362

Bright MLS

APN: 334-20.00-1.00-755

Delaware Sussex County Rehoboth Beach 19971

38015 West Dr Unit 755, Rehoboth Beach, DE

Not Listed for Sale

Condos

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