NOT LISTED FOR SALE

38520 Pine Ln Unit 1 Rehoboth Beach, DE 19971

Estimated Value: $486,126 - $2,097,000

3 Beds
3.5 Baths
3,411 Sq Ft
$327/Sq Ft Est. Value

Last Sold June 24, 2022

Last sale price $2,400,000 $704 Per Sq Ft

Current estimated payment $6,838/month

42 Days on Market

Highlights

  • Ocean View
  • Water Access
  • Deck
  • Rehoboth Elementary School Rated A
  • Coastal Architecture
  • Wood Flooring

About This Home

As of June 2022

Situated on private Pine Lane just 1 1/2 blocks to the beach, this sophisticated stylish coastal home was designed with carefree living and entertaining in mind. The house features 3 light filled floors with several decks and porches overlooking a beautiful natural spring fed lake. The stunning interior has an elevator which conveniently serves all upper floors. The 1st level has an enormous open flex space which is currently used as sleeping and living areas and is complete with a kitchenette, full bath and laundry. Step out onto the newly constructed stone terrace for your morning coffee by the lake. The second level houses the large master bedroom, full bath with steam shower, custom closets and a large sitting area. Also, on this level is a guest bedroom with its own full bath. All baths have custom tile and stone counters. Off the master is a 3-season porch and separate deck. The third, and main living level is replete with an open floor plan, gourmet kitchen, two immense granite topped islands, an imported freestanding fireplace and a powder room. The chef's kitchen features a 6-burner gas range, double wall ovens, wine cooler and built-in microwave and convection oven. A wall of glass just off the kitchen leads to a wrap-around terrace complete with a Green Egg barbeque station! From this terrace there's a spiral staircase leading to a large rooftop deck with panoramic views of the lake and ocean. Hardwood and tile floors flow through the house. There's off street parking for numerous cars and an epoxy floored one car garage. The association covers the insurance for and maintenance of the exterior, landscaping and recycling, all with carefree living in mind. If you want to be away from the hustle & bustle but walking distance to the beach and town of Rehoboth, this is the home for you! Truly an exception coastal home.

Last Agent to Sell the Property

Christina Haag

(302) 227-3883 christina@jacklingo.com Jack Lingo - Rehoboth License #RS-001-4869 Listed on: 02/18/2022

Jack Lingo - Rehoboth

Last Buyer's Agent

Shaun Tull

(302) 226-6417 shaun@rbre.com Jack Lingo - Rehoboth License #RS-0016284

Jack Lingo - Rehoboth

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,053

Year Built

  • Built in 2014

Lot Details

  • Cleared Lot
  • Property is in excellent condition

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Stone Driveway
  • 2 Assigned Parking Spaces

Property Views

  • Ocean
  • Lake

Home Design

  • Coastal Architecture
  • Entry on the 1st floor
  • Flat Roof Shape
  • Architectural Shingle Roof
  • Concrete Perimeter Foundation
  • HardiePlank Type
  • Stick Built Home

Interior Spaces

  • 3,411 Sq Ft Home
  • Property has 3 Levels
  • 1 Elevator
  • High Ceiling
  • Ceiling Fan
  • Double Sided Fireplace
  • Wood Burning Fireplace
  • Free Standing Fireplace
  • Open Floorplan
  • Game Room

Kitchen

  • Breakfast Area or Nook
  • Double Oven
  • Gas Oven or Range
  • Six Burner Stove
  • Cooktop with Range Hood
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

Laundry

  • Laundry Room
  • Laundry on lower level
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near a lake
  • Balcony
  • Deck
  • Screened Patio
  • Terrace
  • Porch

Utilities

  • Zoned Heating and Cooling System
  • Heat Pump System
  • Tankless Water Heater

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 334-20.10-7.00-1

Community Details

Overview

  • Association fees include lawn maintenance
  • Silver Lake Shores Subdivision

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,053

Year Built

Built in 2014

Lot Details

0

HOA Fees

$500 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2, Upper 3
  • Expected On Market: 2022-02-18
  • Federal Flood Zone: Yes
  • Year Built: 2014
  • Automatically Close On Close Date: No
  • Remarks Public: Situated on private Pine Lane just 1 1/2 blocks to the beach, this sophisticated stylish coastal home was designed with carefree living and entertaining in mind. The house features 3 light filled floors with several decks and porches overlooking a beautiful natural spring fed lake. The stunning interior has an elevator which conveniently serves all upper floors. The 1st level has an enormous open flex space which is currently used as sleeping and living areas and is complete with a kitchenette, full bath and laundry. Step out onto the newly constructed stone terrace for your morning coffee by the lake. The second level houses the large master bedroom, full bath with steam shower, custom closets and a large sitting area. Also, on this level is a guest bedroom with its own full bath. All baths have custom tile and stone counters. Off the master is a 3-season porch and separate deck. The third, and main living level is replete with an open floor plan, gourmet kitchen, two immense granite topped islands, an imported freestanding fireplace and a powder room. The chef's kitchen features a 6-burner gas range, double wall ovens, wine cooler and built-in microwave and convection oven. A wall of glass just off the kitchen leads to a wrap-around terrace complete with a Green Egg barbeque station! From this terrace there's a spiral staircase leading to a large rooftop deck with panoramic views of the lake and ocean. Hardwood and tile floors flow through the house. There's off street parking for numerous cars and an epoxy floored one car garage. The association covers the insurance for and maintenance of the exterior, landscaping and recycling, all with carefree living in mind. If you want to be away from the hustle & bustle but walking distance to the beach and town of Rehoboth, this is the home for you! Truly an exception coastal home.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven - Double, Oven/Range - Gas, Range Hood, Refrigerator, Six Burner Stove, Stainless Steel Appliances, Washer, Water Heater - Tankless
  • Entry Floor: 1
  • Flooring Type: Carpet, Hardwood, Tile/Brick
  • Interior Amenities: Breakfast Area, Kitchen - Island, Combination Kitchen/Dining, Combination Kitchen/Living, Ceiling Fan(s), Elevator
  • Fireplace Features: Double Sided, Free Standing, Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Elevators Count: 1
  • Wall Ceiling Types: High
  • Foundation Details: Concrete Perimeter
  • Levels Count: 3
  • Room Count: 8
  • Room List: Bedroom 2, Game Room, Laundry, Additional Bedroom
  • Basement: No
  • Laundry Type: Lower Floor
  • Total Sq Ft: 3411
  • Living Area Sq Ft: 3411
  • Price Per Sq Ft: 762.24
  • Above Grade Finished Sq Ft: 3411
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38520

Beds/Baths

  • Bedrooms: 3
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Hardiplank Type
  • Exterior Features: Outside Shower
  • Roof: Architectural Shingle, Flat
  • View: Lake, Ocean
  • Water Access: Yes
  • Water Body Name: Lake Comegys
  • Water Body Type: Lake
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Assigned Spaces Count: 2
  • Garage: Yes
  • Parking Features: Stone Driveway, Assigned
  • Garage Features: Additional Storage Area, Garage - Front Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s), Zoned
  • Heating: Yes
  • Hot Water: Electric, Tankless
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 6000.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Lot Features: Cleared
  • Lot Size Acres: 0.31
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13503.60
  • Outdoor Living Structures: Balcony, Deck(s), Porch(es), Screened, Roof, Terrace
  • Property Condition: Excellent
  • Zoning: RESIDENTIAL
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 334-20.10-7.00-1
  • County Tax Payment Frequency: Annually
  • Close Date: 06/24/2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2014
Closed on
Feb 13, 2015
Bought by
Marlow David J and Marlow Diana M
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Herb Shupard
Dave McCarthy & Associates, Inc.
List Price
$1,491,912
Sold Price
$1,491,912
Current Estimated Value
$1,116,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$375,870
Avg. Annual Appreciation
-2.70%
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Marlow David J $1,491,912 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2022 06/24/22 Sold $2,400,000 -7.7% $704 / Sq Ft
04/02/2022 04/02/22 Pending -- -- --
02/18/2022 02/18/22 For Sale $2,600,000 +74.3% $762 / Sq Ft
02/13/2015 02/13/15 Sold $1,491,912 0.0% $437 / Sq Ft
02/25/2014 02/25/14 Pending -- -- --
01/25/2014 01/25/14 For Sale $1,491,912 -- $437 / Sq Ft
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
2025 $5,053 $45,350 $0 $45,350
2024 $2,896 $45,350 $0 $45,350
2023 $2,894 $45,350 $0 $45,350
2022 $2,804 $45,350 $0 $45,350
2021 $2,781 $45,350 $0 $45,350
2020 $2,773 $45,350 $0 $45,350
2019 $2,755 $45,350 $0 $45,350
2018 $2,297 $52,300 $0 $0
2017 $1,907 $45,350 $0 $0
2016 $1,840 $45,350 $0 $0
2015 $1,759 $45,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2015594

Bright MLS

APN: 334-20.10-7.00-1