NOT LISTED FOR SALE

38097 West Dr Unit 733 Rehoboth Beach, DE 19971

Estimated Value: $628,000 - $813,000

3 Beds
2.5 Baths
1,800 Sq Ft
$411/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $395,000 $219 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $4,337/month

80 Days on Market

Highlights

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

About This Home

As of February 2020

Beautiful Spring Lake has a fabulous location - you can easily reach the beach by crossing over the Coastal Hwy at just one traffic light. And for nature lovers, you can access the State Park's Thompson Island Trail off of Spring Lake Drive, which will take you down to Rehoboth Bay. This two-story townhouse in the newer 700 building features spectacular pond views & has a great open floor plan. The kitchen adjoins the dining area, which opens to the living room with a cozy gas fireplace. There is a wall of sliding glass doors that lead out to the pond-front patio, which is a great place to relax & enjoy the view. The kitchen has solid-surface Silestone quartz countertops, 42" cabinets & a walk-in pantry. The first floor has a tile entryway & laminate flooring. There is a powder room on this level for your comfort. And you'll find a large laundry room with a side-by-side washer & dryer. The master suite is on the 2nd-floor where the pond is showcased from the bedroom s deck. The master suite has a vaulted ceiling for a sense of grandeur & the master bath has an oversized, tiled shower. The other two bedrooms are spacious and also feature vaulted ceilings. They share the full bath in the hall. The 2nd floor is carpeted, with tile flooring in both baths. Furnished with only a few exclusions. Floored attic storage area. Storage closet by the front door for your beach chairs. Two (2) assigned parking spaces right in front of the condo. Excellent rental potential this close to the beach. Condo dues are $930/quarter & a one-time capital contribution of $350. Property taxes are $1,634/year.

Last Agent to Sell the Property

LINDA BOVA

(302) 542-4197 RealEstate@SEABOVA.com SEA BOVA ASSOCIATES INC. License #RB-0003161 Listed on: 10/28/2019

Co-Listed By

BRIDGET BAUER

(302) 227-1222 bridget@seabova.com SEA BOVA ASSOCIATES INC. License #RA-0003323

Last Buyer's Agent

Andy Staton

(302) 841-2127 andy@andytoday.com Monument Sotheby's International Realty License #RS-0016036

Monument Sotheby's International Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,634

Year Built

  • Built in 1998

Lot Details

  • Waterfront
  • Property is in very good condition

HOA Fees

  • $310 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Slab Foundation
  • Architectural Shingle Roof
  • HardiePlank Type

Interior Spaces

  • 1,800 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • Insulated Doors
  • Entrance Foyer
  • Combination Dining and Living Room
  • Pond Views
  • Attic

Kitchen

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

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom

Laundry

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

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Off-Street Parking
  • 2 Assigned Parking Spaces

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Water Oriented
  • Property is near a pond
  • Pond

Utilities

  • Central Air
  • Heat Pump System
  • 220 Volts
  • 150 Amp Service
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 334-20.00-1.00-733

Community Details

Overview

  • $350 Capital Contribution Fee
  • Association fees include all ground fee, common area maintenance, exterior building maintenance, insurance, lawn care front, lawn care rear, lawn care side, lawn maintenance, management, pool(s), reserve funds, road maintenance, trash
  • Spring Lake Subdivision
  • Property Manager

Amenities

  • Common Area

Recreation

  • Community Pool
  • Pool Membership Available

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,634

Year Built

Built in 1998

Lot Details

0

HOA Fees

$310 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: 2+ Access Exits
  • Ownership: Condominium
  • Exclusions: Artwork, Painted Jewelry Box (front, right bedroom) & Misc. Personal Items.
  • Historic: No
  • Home Warranty: No
  • Inclusions: Furnished & Equipped As Seen
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: No
  • Year Built: 1998
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Carpet, Ceramic Tile, Laminated
  • Interior Amenities: Attic, Carpet, Ceiling Fan(s), Combination Dining/Living, Dining Area, Floor Plan - Open, Primary Bath(s), Pantry, Skylight(s), Upgraded Countertops, Window Treatments
  • Window Features: Insulated
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated
  • Wall Ceiling Types: 9'+ Ceilings, Cathedral Ceilings, Dry Wall, Vaulted Ceilings
  • Foundation Details: Slab
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Foyer, Bedroom 1, Laundry, Bathroom 2, Attic, Primary Bathroom, Half Bath
  • Basement: No
  • Laundry Type: Dryer In Unit, Has Laundry, Main Floor, Washer In Unit
  • Total Sq Ft: 1800
  • Living Area Sq Ft: 1800
  • Price Per Sq Ft: 221.67
  • Above Grade Finished Sq Ft: 1800
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Hardiplank Type
  • Road Surface Type: Black Top
  • Roof: Architectural Shingle
  • Spa: No
  • View: Pond
  • Water Access: No
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Electric Service: 220 Volts, 150 Amps
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 930.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Common Grounds, Pool - Outdoor, Pool Mem Avail
  • HOA Condo Co-Op Fee Includes: All Ground Fee, Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management, Pool(s), Reserve Funds, Road Maintenance, Trash
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Community Pool Features: In Ground, Fenced

Fee Information

  • Loss Mitigation Fee?: No
  • Capital Contribution Fee: 350.00

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Property Condition: Very Good
  • Zoning: HR-2
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5202199
  • Tax Annual Amount: 1634.00
  • Assessor Parcel Number: 334-20.00-1.00-733
  • Tax Year: 2019

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2019
Closed on
Feb 28, 2020
Sold by
Macdonald Anrea D and Frederick Linda A
Bought by
Donald P Reppy Ret
Seller's Agent
LINDA BOVA
SEA BOVA ASSOCIATES INC.
Buyer's Agent
Andy Staton
Monument Sotheby's International Realty
List Price
$415,000
Sold Price
$395,000
Premium/Discount to List
-$20,000
-4.82%
Current Estimated Value
$738,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$343,917
Avg. Annual Appreciation
11.44%
Original Mortgage
$316,000
Outstanding Balance
$279,863
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$459,054
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
Donald P Reppy Ret $395,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Donald P Reppy Ret $316,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2020 02/28/20 Sold $395,000 -1.0% $219 / Sq Ft
01/16/2020 01/16/20 Pending -- -- --
12/06/2019 12/06/19 Price Changed $399,000 -3.9% $222 / Sq Ft
10/28/2019 10/28/19 For Sale $415,000 -- $231 / 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 $1,683 $21,250 $0 $21,250
2024 $1,721 $21,250 $0 $21,250
2023 $1,720 $21,250 $0 $21,250
2022 $1,671 $21,250 $0 $21,250
2021 $1,658 $21,250 $0 $21,250
2020 $1,653 $21,250 $0 $21,250
2019 $1,634 $21,250 $0 $21,250
2018 $1,249 $28,450 $0 $0
2017 $1,196 $28,450 $0 $0
2016 $1,145 $28,450 $0 $0
2015 $1,094 $28,450 $0 $0
2014 $1,086 $28,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU150688

Bright MLS

APN: 334-20.00-1.00-733