NOT LISTED FOR SALE

Estimated Value: $601,271

2 Beds
2 Baths
1,360 Sq Ft
$442/Sq Ft Est. Value

Sale Details

Date Sold: August 30, 2023

Last sale price $525,000 $386 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,644 / mo

Highlights

  • Pond View
  • Open Floorplan
  • Pond
  • Rehoboth Elementary School Rated A
  • Coastal Architecture
  • Main Floor Bedroom

About This Home

As of August 2023

Welcome to highly desirable Spring Lake. Coastal living at its finest. Just a short walk or bike ride to Rehoboth and Dewey Beaches. Fine restaurants and tax-free outlet shopping minutes away. Beautiful pond views from this well-kept two bedroom, two bath condo in tucked-away Phase 7. Open floor plan, new flooring, window treatments make living nice and easy. Cozy up to the family room fireplace on those cool evenings or enjoy a refreshing drink on the rear patio as you enjoy the views. It doesn't get any better than this.

Last Agent to Sell the Property

Shirley Kalvinsky

(302) 227-3883 shirley@jacklingo.com Jack Lingo - Rehoboth License #RA0001681 Listed on: 08/31/2023

Jack Lingo - Rehoboth

Last Buyer's Agent

Carrie Lingo

(302) 645-2207 carrie@jacklingo.com Jack Lingo - Lewes License #RS-0017885

Jack Lingo - Lewes

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,735

Year Built

  • Built in 1999

Lot Details

  • Open Space
  • Backs To Open Common Area
  • Property is in excellent condition

HOA Fees

  • $340 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Entry on the 1st floor
  • Slab Foundation
  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 1,360 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Family Room Off Kitchen
  • Pond Views

Kitchen

  • Electric Oven or Range
  • Built-In Range
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

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

Outdoor Features

  • Pond

Schools

  • Cape Henlopen High School

Utilities

  • Central Air
  • Heat Pump System
  • Community Propane
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-20.00-1.00-716

Community Details

Overview

  • $500 Capital Contribution Fee
  • Association fees include lawn maintenance, snow removal, sewer, trash, insurance, exterior building maintenance, common area maintenance, management, reserve funds
  • $1,000 Other One-Time Fees
  • Spring Lake Subdivision

Recreation

  • Community Pool

Pet Policy

  • Limit on the number of pets

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,735

Year Built

Built in 1999

Lot Details

0 Sq Ft Lot

HOA Fees

$340 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Some wall hangings
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1999
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Range, Disposal, Dryer, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 1
  • Interior Amenities: Ceiling Fan(s), Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Island, Bathroom - Tub Shower, Bathroom - Stall Shower, Window Treatments
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Slab
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Main Floor, Washer In Unit
  • Total Sq Ft: 1360
  • Living Area Sq Ft: 1360
  • Price Per Sq Ft: 386.03
  • 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, Aluminum Siding
  • Spa: No
  • View: Pond
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

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
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Propane - Community
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1020.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Snow Removal, Sewer, Trash, Insurance, Ext Bldg Maint, Common Area Maintenance, Management, Reserve Funds
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Other Fees: 1000.00
  • Other Fees Frequency: One Time
  • Capital Contribution Fee: 500.00

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: CAPE HENLOPEN

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Features: Adjoins - Open Space, Backs - Open Common Area, Pond
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Property Condition: Excellent
  • Zoning: HR-2
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Ground Rent Pymnt Freq: Annually
  • Lease Considered: No
  • Pets: Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • School Tax: 1284.00
  • Tax Annual Amount: 1735.00
  • Assessor Parcel Number: 334-20.00-1.00-716
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2023
Closed on
Aug 29, 2023
Sold by
Grace India Riggs Revocable Trust
Bought by
Seller's Agent
Shirley Kalvinsky
Jack Lingo - Rehoboth
Buyer's Agent
Carrie Lingo
Jack Lingo - Lewes
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
$601,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,271
Avg. Annual Appreciation
4.55%
Original Mortgage
$405,000
Outstanding Balance
$350,933
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$250,338

Purchase Details

Closed on
May 15, 2014
Sold by
Grace Downey Grace Downey and Cox James P
Bought by
Riggs Grace India and Grace India Riggs Revocable Trust Agreem
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Rehoboth Beach, DE

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$525,000 None Listed On Document
Riggs Grace India $298,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $405,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/31/2023 08/31/23 For Sale $525,000 0.0% $386 / Sq Ft
08/30/2023 08/30/23 Sold $525,000 -- $386 / Sq Ft
08/30/2023 08/30/23 Pending -- -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,372 $22,650 $0 $22,650
2024 $1,787 $22,650 $0 $22,650
2023 $1,786 $22,650 $0 $22,650
2022 $1,735 $22,650 $0 $22,650
2021 $1,722 $22,650 $0 $22,650
2020 $1,717 $22,650 $0 $22,650
2019 $1,697 $22,650 $0 $22,650
2018 $1,309 $29,800 $0 $0
2017 $1,253 $29,800 $0 $0
2016 $1,199 $29,800 $0 $0
2015 $1,146 $29,800 $0 $0
2014 $1,137 $29,800 $0 $0
Source: Public Records

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Map

Source: Bright MLS

MLS Number: DESU2045830

Bright MLS

APN: 334-20.00-1.00-716

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