NOT LISTED FOR SALE

38373 F Benson St Unit 2 Rehoboth Beach, DE 19971

Estimated Value: $358,000 - $576,000

2 Beds
1 Bath
-- Sq Ft
$75/mo HOA Fee

Last Sold June 26, 2020

Last sale price $325,000

Est. 51% increase in value since last sale

Current estimated payment $2,832/month

2 Days on Market

Highlights

  • Water Oriented
  • Open Floorplan
  • Contemporary Architecture
  • Rehoboth Elementary School Rated A
  • Curved or Spiral Staircase
  • Wood Flooring

About This Home

As of June 2020

Discover one of the best locations at the beach! This 2 bedroom, 1 bath condo located on the ocean side of the area known as Forgotten Mile right in the middle of Rehoboth and Dewey Beaches so you get the best of both. It is a great, quiet neighborhood and a short walk or bike ride to Dewey, the beach, the bay and to Rehoboth Avenue. This condo makes very efficient use of space and has everything you need to enjoy your time at the beach. Condo fees are only $75/month. The interior has beautiful wood floors and complimentary vaulted wood ceilings that give the home an inviting beach vibe. In addition to the 2 bedrooms, the upstairs loft provides another space that can be used however you choose. It would make a perfect place for another sleeping area as it is currently being used, for office space, or just additional living space. The quiet, private patio is perfect for enjoying your morning coffee or an afternoon drink! The kitchen has sliders that lead to additional outdoor space that would be a great spot for grilling for those times you choose to stay in and eat. This property has everything you need in a relaxing, low maintenance beach home that would also work great as an investment. Better hurry this is the best deal in the area!!

Last Agent to Sell the Property

Christopher Nolte

Coldwell Banker Realty License #RA-0020574I Listed on: 06/03/2020

Coldwell Banker Realty

Co-Listed By

Brent Applebaum

Coldwell Banker Realty License #650154

Last Buyer's Agent

Tracy Kelley

Jack Lingo - Rehoboth License #RA-0031023

Jack Lingo - Rehoboth

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $308

HOA Fees

  • $75 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • Curved or Spiral Staircase
  • Ceiling Fan
  • Living Room
  • Loft
  • Wood Flooring

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • 1 Driveway Space

Outdoor Features

  • Water Oriented
  • Property is near an ocean

Utilities

  • Heat Pump System

Community Details

  • Association fees include insurance, trash, exterior building maintenance
  • Benson Proper Community

Listing and Financial Details

  • Assessor Parcel Number 334-20.09-147.01-2

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$308

Lot Details

0

HOA Fees

$75 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Inclusions: Washer and dryer. Furniture is negotiable.
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Washer
  • Interior Amenities: Ceiling Fan(s), Floor Plan - Open, Spiral Staircase, Wood Floors
  • Levels Count: 2
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Kitchen, Loft
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38373

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 1

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 450.00
  • Condo Co-Op Fee Frequency: Semi-Annually
  • HOA Condo Co-Op Fee Includes: Insurance, Trash, Ext Bldg Maint
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2019
  • Zoning: MR
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 279.00
  • Tax Annual Amount: 308.00
  • Assessor Parcel Number: 334-20.09-147.01-2
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 06/26/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2020
Closed on
Jun 29, 2020
Sold by
Kramen William and Kramen Karen
Bought by
Lichtenberg Spencer K and Lichtenberg Marc L
Seller's Agent
Christopher Nolte
Coldwell Banker Realty
Buyer's Agent
Tracy Kelley
Jack Lingo - Rehoboth
List Price
$299,900
Sold Price
$325,000
Premium/Discount to List
$25,100
8.37%
Current Estimated Value
$492,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,079
Avg. Annual Appreciation
12.69%
Original Mortgage
$260,000
Outstanding Balance
$187,675
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$405,194

Purchase Details

Listed on
Apr 28, 2014
Closed on
May 29, 2014
Sold by
John C John C
Bought by
Ragot Robert Louis
Seller's Agent
Babs Morales
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Blair Cherico
Monument Sotheby's International Realty
List Price
$242,500
Sold Price
$242,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.93%

Purchase Details

Listed on
Apr 28, 2014
Closed on
May 5, 2014
Sold by
John C John C and Stone Kathleen D
Bought by
Meyer John C
Seller's Agent
Babs Morales
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Blair Cherico
Monument Sotheby's International Realty
List Price
$242,500
Sold Price
$242,500
Source: Public Records

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Range of Values:

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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
Lichtenberg Spencer K $325,000 None Available
Ragot Robert Louis $242,500 --
Meyer John C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lichtenberg Spencer K $260,000
Previous Owner Kramen William $228,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2020 06/26/20 Sold $325,000 +8.4% --
06/05/2020 06/05/20 Pending -- -- --
06/03/2020 06/03/20 For Sale $299,900 +23.7% --
05/29/2014 05/29/14 Sold $242,500 0.0% --
05/11/2014 05/11/14 Pending -- -- --
04/28/2014 04/28/14 For Sale $242,500 -- --
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 $641 $5,550 $0 $5,550
2023 $641 $5,550 $0 $5,550
2022 $630 $5,550 $0 $5,550
2021 $627 $5,550 $0 $5,550
2020 $625 $5,550 $0 $5,550
2019 $604 $5,550 $0 $5,550
2018 $288 $6,550 $0 $0
2017 $275 $6,550 $0 $0
2016 $290 $6,550 $0 $0
2015 $278 $6,550 $0 $0
2014 $277 $6,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU162054

Bright MLS

APN: 334-20.09-147.01-2