NOT LISTED FOR SALE

38131 West Dr Unit 730 Rehoboth Beach, DE 19971

Estimated Value: $557,000 - $802,000

3 Beds
3 Baths
1,644 Sq Ft
$419/Sq Ft Est. Value

Last Sold June 25, 2024

Last sale price $737,500 $449 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $4,129/month

101 Days on Market

Highlights

  • Coastal Architecture
  • Community Pool
  • Forced Air Heating and Cooling System
  • Rehoboth Elementary School Rated A

About This Home

As of June 2024

Discover your dream beach home in our 3-bedroom, 3-bathroom condo. Perched on the 2nd floor of a 2-story building, the condo offers stunning views of Spring Lake. The vaulted ceilings, abundant windows and skylights create a bright, open atmosphere. Fully renovated in 2023, enjoy new construction upgrades and fixtures. This home offers a community pool, 2 assigned parking spaces, and is just a stroll away from the beach. Tucked into the back of the Spring Lake Condominium complex, the property backs the Thompson Island Trail and Preserve, so your perpetual privacy is ensured.

Last Agent to Sell the Property

John Redefer

(302) 542-0375 jack@rehobothbayrealty.com Rehoboth Bay Realty, Co. License #RB-0031187 Listed on: 02/11/2024

Last Buyer's Agent

CHRISTOPHER REDEFER

(302) 521-7885 chris@rehobothbayrealty.com Rehoboth Bay Realty, Co.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,502

Year Built

  • Built in 1989 | Remodeled in 2022

Lot Details

  • 6,795

HOA Fees

  • $340 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Stick Built Home

Interior Spaces

  • 1,644 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Lot

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Public Septic

Listing and Financial Details

  • Assessor Parcel Number 334-20.00-1.00-730

Community Details

Overview

  • Association fees include pool(s), trash, lawn maintenance, common area maintenance, snow removal
  • Spring Lake Subdivision

Recreation

  • Community Pool

Pet Policy

  • Limit on the number of pets

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,502

Year Built

Built in 1989 | Remodeled in 2022

Lot Details

0

HOA Fees

$340 per month

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-02-12
  • Federal Flood Zone: No
  • Year Built: 1989
  • Year Renovated: 2022
  • Automatically Close On Close Date: No
  • Remarks Public: Discover your dream beach home in our 3-bedroom, 3-bathroom condo. Perched on the 2nd floor of a 2-story building, the condo offers stunning views of Spring Lake. The vaulted ceilings, abundant windows and skylights create a bright, open atmosphere. Fully renovated in 2023, enjoy new construction upgrades and fixtures. This home offers a community pool, 2 assigned parking spaces, and is just a stroll away from the beach. Tucked into the back of the Spring Lake Condominium complex, the property backs the Thompson Island Trail and Preserve, so your perpetual privacy is ensured.
  • Special Features: NewHome
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1644
  • Living Area Sq Ft: 1644
  • Price Per Sq Ft: 465.63
  • Above Grade Finished Sq Ft: 1644
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38131

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

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

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 1020.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Pool(s), Trash, Lawn Maintenance, Common Area Maintenance, Snow Removal
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Land Use Code: 999
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2023
  • Zoning: HR-2
  • In City Limits: No

Rental Info

  • Pets: Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • School Tax: 1366.00
  • Tax Annual Amount: 1502.00
  • Assessor Parcel Number: 334-20.00-1.00-730
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 06/25/2024

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2024
Closed on
Jun 25, 2024
Sold by
Irwin Kendi M and Irwin David B
Bought by
Retro Retreat Llc
Seller's Agent
John Redefer
Rehoboth Bay Realty, Co.
Buyer's Agent
CHRISTOPHER REDEFER
Rehoboth Bay Realty, Co.
List Price
$849,000
Sold Price
$737,500
Premium/Discount to List
-$111,500
-13.13%
Views
254
Current Estimated Value
$688,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,847
Avg. Annual Appreciation
-5.29%

Purchase Details

Listed on
Jul 25, 2022
Closed on
Sep 7, 2022
Sold by
Thornton Anthony M
Bought by
Redew Llc
Seller's Agent
Lisa Mathena
The Lisa Mathena Group, Inc.
Buyer's Agent
Tracy Kelley
Jack Lingo - Rehoboth
List Price
$479,900
Sold Price
$480,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.29%
Original Mortgage
$360,000
Interest Rate
4.99%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 15, 2003
Bought by
Thornton Anthony M
Source: Public Records

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
Retro Retreat Llc -- None Listed On Document
Irwin Kendi M $737,500 None Listed On Document
Redew Llc $480,000 --
Thornton Anthony M $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Redew Llc $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/25/2024 06/25/24 Sold $737,500 -3.7% $449 / Sq Ft
04/28/2024 04/28/24 Price Changed $765,500 -4.2% $466 / Sq Ft
03/11/2024 03/11/24 Price Changed $799,000 -2.4% $486 / Sq Ft
02/26/2024 02/26/24 Price Changed $819,000 -3.5% $498 / Sq Ft
02/11/2024 02/11/24 For Sale $849,000 +76.9% $516 / Sq Ft
09/14/2022 09/14/22 Sold $480,000 0.0% -- View Prior Sale
07/25/2022 07/25/22 For Sale $479,900 -- --
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 $1,490 $23,350 $0 $23,350
2024 $1,822 $23,350 $0 $23,350
2023 $1,821 $23,350 $0 $23,350
2022 $1,768 $23,350 $0 $23,350
2021 $1,755 $23,350 $0 $23,350
2020 $1,749 $23,350 $0 $23,350
2019 $1,730 $23,350 $0 $23,350
2018 $1,339 $30,500 $0 $0
2017 $1,283 $30,500 $0 $0
2016 $1,227 $30,500 $0 $0
2015 $1,173 $30,500 $0 $0
2014 $1,164 $30,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Redefer

    Seller's Agent in 2024

    John Redefer

    Rehoboth Bay Realty, Co.

    (302) 542-0375

    9 in this area

    70 Total Sales

    John Redefer
    Section Image

  • C

    Buyer's Agent in 2024

    CHRISTOPHER REDEFER

    Rehoboth Bay Realty, Co.

    (302) 521-7885

    2 in this area

    14 Total Sales

    CHRISTOPHER REDEFER
    Section Image
  • Lisa Mathena

    Seller's Agent in 2022

    Lisa Mathena

    The Lisa Mathena Group, Inc.

    (302) 236-6232

    10 in this area

    192 Total Sales

    Lisa Mathena
    Section Image
  • Tracy Kelley

    Buyer's Agent in 2022

    Tracy Kelley

    Jack Lingo - Rehoboth

    (302) 227-3883

    22 in this area

    35 Total Sales

    Tracy Kelley
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2055662

Bright MLS

APN: 334-20.00-1.00-730

Delaware Sussex County Rehoboth Beach 19971

38131 West Dr Unit 730, Rehoboth Beach, DE

This home is located at 38131 West Dr Unit 730, Rehoboth Beach, DE 19971 since 11 February 2024 and is currently estimated at $688,653, approximately $418 per square foot. This property was built in 1989. 38131 West Dr Unit 730 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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