Seller's Agent in 2023
Terry Millman
Jack Lingo - Rehoboth
(302) 226-6640
26 in this area
52 Total Sales
38189 Terrace Rd Rehoboth Beach, DE 19971
Estimated Value: $1,261,000 - $1,641,000
2
Beds
2
Baths
--
Sq Ft
5,877
Sq Ft Lot
Highlights
- Gourmet Kitchen
- Open Floorplan
- Wood Flooring
- Rehoboth Elementary School Rated A
- Craftsman Architecture
- Main Floor Bedroom
About This Home
As of March 2023Major price reduction for this Mid Century Modern coastal retreat in Silver Lake Manor. East of Route One with easy access to both Rehoboth Beach and Dewey Beach, and located just 3.5 blocks to the boardwalk and beach. Year round living in a very well maintained home! A brick hearth and gas fired stove provide plenty of winter ambiance. There are two bedrooms and two baths with an updated kitchen and plenty of outside living areas. Lots of windows give this home a bright and airy feel. Offering tree canopy living with an open floor plan, exposed beams, wood and tile floors, large screened porch, deck, and beautiful paver patio. There is also a very private fenced yard with wood and paver walkways and a stone water feature. Sold partially furnished and ready for the summer season. If you decide to make future changes the property is located outside of town limits so Sussex County restrictions apply. Don't miss this opportunity to own one of the lowest priced homes in the coastal area!
Last Agent to Sell the Property
(302) 226-6640 TERRY@JACKLINGO.COM Jack Lingo - Rehoboth License #RA-0002220 Listed on: 02/15/2023
Last Buyer's Agent
(202) 412-8885 daniel@mccormickandlusk.com McWilliams/Ballard, Inc. License #RA-0020195
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $753
Year Built
- Built in 1966
Lot Details
- 5,877 Sq Ft Lot
- Lot Dimensions are 50.00 x 118.00
- South Facing Home
- Landscaped
- Extensive Hardscape
- Level Lot
- Sprinkler System
- Back and Side Yard
- Property is in very good condition
- Property is zoned MR
Home Design
- Craftsman Architecture
- Coastal Architecture
- Slab Foundation
- Frame Construction
- Architectural Shingle Roof
Interior Spaces
- Property has 2 Levels
- Open Floorplan
- Partially Furnished
- Beamed Ceilings
- Wood Ceilings
- Free Standing Fireplace
- Gas Fireplace
- Window Treatments
- Stained Glass
- Sliding Doors
- Insulated Doors
- Combination Dining and Living Room
Kitchen
- Gourmet Kitchen
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
- Upgraded Countertops
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
Laundry
- Electric Dryer
- Washer
Parking
- 2 Parking Spaces
- 2 Driveway Spaces
- Off-Street Parking
Outdoor Features
- Outdoor Shower
- Screened Patio
- Shed
- Outbuilding
- Porch
Schools
- Rehoboth Elementary School
- Beacon Middle School
- Cape Henlopen High School
Utilities
- Central Air
- Heat Pump System
- Vented Exhaust Fan
- Electric Water Heater
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
- Silver Lake Manor Subdivision
Listing and Financial Details
- Tax Lot 13
- Assessor Parcel Number 334-20.09-14.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 15, 2023
Closed on
Mar 31, 2023
Sold by
Hudson Dennis L
Bought by
Dean A Tyson Revocable Trust
Seller's Agent
Terry Millman
Jack Lingo - Rehoboth
Buyer's Agent
Daniel Lusk
McWilliams/Ballard, Inc.
List Price
$1,195,000
Sold Price
$1,150,000
Premium/Discount to List
-$45,000
-3.77%
Views
47
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
$245,635
Avg. Annual Appreciation
8.08%
Original Mortgage
$650,000
Outstanding Balance
$630,990
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$764,645
Purchase Details
Closed on
Mar 5, 1993
Bought by
Hudson Dennis L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dean A Tyson Revocable Trust | $1,150,000 | -- | |
| Hudson Dennis L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dean A Tyson Revocable Trust | $650,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/31/2023 03/31/23 | Sold | $1,150,000 | -3.8% | -- |
| 02/15/2023 02/15/23 | For Sale | $1,195,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,587 | $15,850 | $5,300 | $10,550 |
| 2024 | $1,100 | $15,850 | $5,300 | $10,550 |
| 2023 | $1,099 | $15,850 | $5,300 | $10,550 |
| 2022 | $757 | $15,850 | $5,300 | $10,550 |
| 2021 | $750 | $15,850 | $5,300 | $10,550 |
| 2020 | $746 | $15,850 | $5,300 | $10,550 |
| 2019 | $725 | $15,850 | $5,300 | $10,550 |
| 2018 | $696 | $15,850 | $0 | $0 |
| 2017 | $667 | $15,850 | $0 | $0 |
| 2016 | $669 | $15,850 | $0 | $0 |
| 2015 | $640 | $15,850 | $0 | $0 |
| 2014 | $636 | $15,850 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Terry Millman
-
Rick Monkman
Seller Co-Listing Agent in 2023
Rick Monkman
Jack Lingo - Rehoboth
(302) 226-6658
22 in this area
46 Total Sales
-
Daniel Lusk
Buyer's Agent in 2023
Daniel Lusk
McWilliams/Ballard, Inc.
(202) 412-8885
179 in this area
243 Total Sales
Map
Source: Bright MLS
MLS Number: DESU2035332
APN: 334-20.09-14.00
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