$550,000 Price Analysis    ♡   Rehoboth Beach, DE 19971 2 bed 2 bath 1,300 SqFt ($423/SqFt) Built 1997 Listed 2024-03-28, HOA $340, Taxes $1,149 | ✓ USDA Eligible near Rehoboth Beach, DE |
Welcome to Spring Lake
* No Longer For Sale *
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A coveted community 5 blocks to the beach, sited between Rehoboth and Dewey Beaches within easy reach on foot or by bike. The 2BR, 2BA unit being offered is in Phase VII, tucked back on perhaps the quietest street in the community and directly across from the wooded access to Thompson Island Trail leading to the bay! This unit is on the 2nd floor of a 2-story building, accessed by a private enclosed flight of stairs. Upstairs opens into the Great Room and kitchen that feature vaulted ceilings, large windows and doors leading to the sizable Eastern facing deck with expansive views of the pond and surrounding green spaces. The Great Room has a gas fireplace with mantel and has adjacent built in cabinetry. The kitchen is white and bright, with a raised counter for seating if desired and opens to the Great Room, ideal for entertaining.
Behind closed doors at the top of the stairs is a double wide closet which is organized as an office space. Mannington hardwood floors are throughout the Great Room, kitchen and hallway, as well as on the stairway accessing th e unit. The hallway leads to two vast bedrooms, with windows looking across to the wooded Thompson Trail, state parkland, never to be developed. The Primary bedroom has an ensuite bath with shower. A second bath, across from the guest bedroom, features a tub/shower combination. The laundry area includes full size, side by side, washer and dryer. A pull-down stair in the laundry room accesses the partially floored attic, perfect for additional storage. An additional storage area is located at the entry to the unit, perfect for bikes, beach chairs and toys. Exterior maintenance of the unit itself, as well as landscaping is covered by the Condominium Association, giving you freedom to enjoy your time at the beach. While this unit has never been rented by th current owner, rentals are permitted in Phase VII for the buyer looking for an investment.
Presented by Marilynn Kuebler at
Monument Sotheby's International Realty.
Property MLS #DESU2057750 from BrightMLS
Full Bathrooms: 2
Built-Ins
Carpet
Floor Plan - Open
Kitchen - Galley
Primary Bath(s)
Skylight(s)
Stall Shower
Tub Shower
Walk-in Closet(s)
Window Treatments
Wood Floors
Ceiling Fan(s)
Combination Dining/Living
Dishwasher
Disposal
Dryer - Electric
Exhaust Fan
Oven/Range - Electric
Refrigerator
Washer
Water Heater
Washer Dryer Hookup: Yes
Heating Features: Forced Air, Heat Pump(s)
Heating: Yes
Parking Total: 2
Association Fee: 340
Association Fee Frequency: Quarterly
Calculated Total Monthly Association Fees: 340
Map directions Map directions Map directionsSource Listing Status: Closed
County: SUSSEX
Disclaimer: Standard
Ownership: Condominium
Source Property Type: Residential
Area: SUSSEX
Property Subtype: condo
Source Neighborhood: SPRING LAKE
Postal Code Plus 4: 1778
Subdivision: SPRING LAKE
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $20,850 + $7,150 $28,000 | $1,149 |
| 2021 | $20,850 + $7,150 $28,000 | $1,237 |
| 2020 | $20,850 + $7,150 $28,000 | $1,232 |
| 2019 | $20,850 + $7,150 $28,000 | $1,212 |
| 2018 | $20,850 + $7,150 $28,000 | $829 |
| 2017 | $20,850 + $7,150 $28,000 | $777 |
| 2016 | $20,850 + $7,150 $28,000 | $677 |
| 2015 | $20,850 + $7,150 $28,000 | $651 |
| 2014 | $20,850 + $7,150 $28,000 | $1,069 |
| 2013 | $20,850 + $7,150 $28,000 | $1,039 |
| 2012 | $unknown + $unknown $28,000 | $1,069 |
| 2011 | $unknown + $unknown $28,000 | $962 |
$560,000
BrightMLS
Listed 2024-03-28
$550,000
BrightMLS
Sold 2002-02-04
$300,000
Public Record
Above Grade Unfinished Area: 1300
Construction Materials: Stick Built, Cedar
Property Age: 27
Levels or Stories: 2
Structure Type: Unit/Flat/Apartment
House Style: Coastal
Total Area Sqft: 1300
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.