$480,000
SOLD SEP 14, 2022

38131 West Dr Unit 730 Rehoboth Beach, DE 19971

2 Beds
2 Baths
-- Sq Ft
$393/mo HOA Fee

Recently Sold

8 Days on Market

Highlights

  • Water Oriented
  • Lake View
  • Deck
  • Rehoboth Elementary School Rated A
  • Open Floorplan
  • Pond

About This Home

As of June 2024

This 2 bedroom, 2 bath, 2nd floor condo in Spring Lake has it all! The building is in the back of the community and fronts on a large park offering walking paths, trees and quiet from the Route 1 traffic. The rear of the unit backs to a beautiful pond with fountain. Enjoy those breezy summer nights on the back deck with the view of the pond and the sound of the fountain creating your serenity. The interior of the unit features hardwood flooring throughout the main living areas, with tile in the baths and kitchen and carpet in the bedrooms. The open floor plan with the cathedral ceiling makes the main living areas feel even more spacious. The living room/dining room combination has a gas fireplace and sliders to the back deck. The kitchen offers an efficient work area with 42" cabinets, a flat top stove, and pantry. The main bedroom suite has a walk-in closet and full bath with an oversized tile shower. The 2nd bedroom is great for an office and/or guest room. The washer and dryer are in the utility room, so no lugging laundry anywhere. This unit would make a great 2nd home or a great income producing rental. Rent it during the summer and use it in the spring and fall when the beaches are less populated, and the weather is beautiful.
A year-round rental would work well too. There are many options with this unit. Make your appointment today!

Last Agent to Sell the Property

Lisa Mathena

The Lisa Mathena Group, Inc. Listed on: 07/25/2022

Last Buyer's Agent

Tracy Kelley

Jack Lingo - Rehoboth License #RA-0031023

Jack Lingo - Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,436

Year Built

  • Built in 2003

Lot Details

  • Landscaped
  • Property is in very good condition

HOA Fees

  • $393 Monthly HOA Fees

Property Views

  • Lake
  • Pond

Home Design

  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Stick Built Home
  • Cedar

Interior Spaces

  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Window Screens
  • Great Room
  • Family Room Off Kitchen
  • Combination Kitchen and Living
  • Dining Area
  • Utility Room
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Parking

  • Paved Parking
  • Parking Lot
  • 1 Assigned Parking Space

Outdoor Features

  • Water Oriented
  • Property is near a pond
  • Pond
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-20.00-1.00-730

Community Details

Overview

  • $1,000 Capital Contribution Fee
  • Association fees include all ground fee, common area maintenance, exterior building maintenance, management, pool(s), snow removal
  • Low-Rise Condominium
  • Spring Lake Condos, Phone Number (302) 220-3800
  • Spring Lake Subdivision
  • Property Manager

Recreation

  • Community Pool

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,436

Year Built

Built in 2003

Lot Details

0

HOA Fees

$393 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
  • Historic: No
  • Inclusions: D/W, W/D, Refrigerator, Srove, Miscrowave hood FIREPLACE SOLD AS IS.
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2003
  • Automatically Close On Close Date: No
  • Remarks Public: This 2 bedroom, 2 bath, 2nd floor condo in Spring Lake has it all! The building is in the back of the community and fronts on a large park offering walking paths, trees and quiet from the Route 1 traffic. The rear of the unit backs to a beautiful pond with fountain. Enjoy those breezy summer nights on the back deck with the view of the pond and the sound of the fountain creating your serenity. The interior of the unit features hardwood flooring throughout the main living areas, with tile in the baths and kitchen and carpet in the bedrooms. The open floor plan with the cathedral ceiling makes the main living areas feel even more spacious. The living room/dining room combination has a gas fireplace and sliders to the back deck. The kitchen offers an efficient work area with 42" cabinets, a flat top stove, and pantry. The main bedroom suite has a walk-in closet and full bath with an oversized tile shower. The 2nd bedroom is great for an office and/or guest room. The washer and dryer are in the utility room, so no lugging laundry anywhere. This unit would make a great 2nd home or a great income producing rental. Rent it during the summer and use it in the spring and fall when the beaches are less populated, and the weather is beautiful. A year-round rental would work well too. There are many options with this unit. Make your appointment today!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Refrigerator, Microwave, Oven/Range - Electric, Range Hood, Washer, Water Heater
  • Entry Floor: 2
  • Flooring Type: Carpet, Vinyl, Wood, Ceramic Tile
  • Interior Amenities: Attic, Combination Kitchen/Living, Ceiling Fan(s), Window Treatments, Breakfast Area, Carpet, Dining Area, Family Room Off Kitchen, Floor Plan - Open, Stall Shower, Tub Shower, Walk-In Closet(s)
  • Window Features: Screens
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Slab
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Room Count: 6
  • Room List: Primary Bedroom, Bedroom 2, Kitchen, Great Room, Utility Room, Primary Bathroom
  • Basement: No
  • Laundry Type: Dryer In Unit, Main Floor, Washer In Unit
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38131

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: Stick Built, Cedar
  • Roof: Shingle, Asphalt
  • View: Lake, Pond
  • Water Access: No
  • Water Body Type: Pond
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned, Paved Parking
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • 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: 1180.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Spring Lake
  • Condo Co-Op Phone: 302 220 3800
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Swimming Pool
  • HOA Condo Co-Op Fee Includes: All Ground Fee, Common Area Maintenance, Ext Bldg Maint, Management, Pool(s), Snow Removal
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 1000.00

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 Features: Landscaping
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: HR-2
  • Zoning Description: RC (Residential condo)
  • In City Limits: No

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5202196
  • School Tax: 1301.00
  • Tax Annual Amount: 1436.00
  • Assessor Parcel Number: 334-20.00-1.00-730
  • Tax Year: 2021
  • Close Date: 09/14/2022

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
$793,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,238
Avg. Annual Appreciation
7.63%

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 Type Sale Price Title Company
Deed -- None Listed On Document
Deed $737,500 None Listed On Document
Deed $480,000 --
Deed $300,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $360,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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% --
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
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

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Map

Source: Bright MLS

MLS Number: DESU2026026

Bright MLS

APN: 334-20.00-1.00-730