38131 West Dr Unit 730 Rehoboth Beach, DE 19971
2
Beds
2
Baths
--
Sq Ft
$393/mo
HOA Fee
Highlights
- Water Oriented
- Lake View
- Deck
- Rehoboth Elementary School Rated A
- Open Floorplan
- Pond
About This Home
As of June 2024This 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!
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
- Air Source Heat Pump
- 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
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%
Total Days on Market
8
Views
254
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,557
Avg. Annual Appreciation
6.49%
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
Map
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Similar Homes in Rehoboth Beach, DE
Home Values in the Area
Average Home Value in this Area
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
| 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
Source: Bright MLS
MLS Number: DESU2026026
APN: 334-20.00-1.00-730
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