15 days on rocket

20784 E Dr Unit 507, Rehoboth Beach, DE, 19971

$425,000

Home List Price

$5,047*

Closing Credit

1 Bedroom
1 Full Bath, 1 Partial
1,100 SqFt
$386/SqFt
Condo

Location

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20784 E Dr Unit 507, Rehoboth Beach$425,000

Buyer Closing Credits

$5,047*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOn Street
Year Built1988
HeatingHeat Pump
CoolingCentral Air
ViewPond
MLS #DESU2073464
Lot Size36.57 Acres
StatusActive
(ACTIVE)

About 20784 E Dr Unit 507

Welcome to the desirable community of Spring Lake! This well maintained one-bedroom, one and half bath unit has been a rental but doesn't show like a rental. It's being sold furnished and ready for the next occupant or for the new owners sole enjoyment. There is an added feature in the living room allowing for more sleeping - a queen-sized Murphy bed! Walk just steps to the community pool. Spring Lake is conveniently located walking distance to the beach and all the great restaurants and shops in downtown Rehoboth and the vibrant Dewey Beach town. The community has peaceful walking trails in the Thompson Island Preserve. This home is priced to sell and ready for you to add your own special touches. Enjoy it as a vacation home, investment or primary residence.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1988
  • Stories: 1
  • Living Area: 1,100 SqFt

Listing Office:

  • Office Name: Jack Lingo - Rehoboth
  • Office Phone: (302) 227-3883
  • Listing Agent: CHRISTINA HAAG

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Water Heater, Washer, Dryer, Disposal
  • Basement: No
  • Interior: Ceiling Fan(s), Window Treatments

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • View: Pond

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 36.57 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Enter Spring Lake, follow to the left, make a left after the pool. Unit on the right. Upstairs unit.

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
  • Price Per SqFt: $386/SqFt

Tax Information:

  • Annual Amount: $1,475
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Rehoboth Beach, DE.

Map thumbnail provided by MapBox

Rehoboth Beach, DE

City

Med. Sold Price

$744K

Med. Price/SqFt

$356

Avg. Days On Market

23

# of Sold Homes

29

20784 E Dr Unit 507 vs Rehoboth Beach

15 DAYS ON ROCKET

-8 Days

$425,000

-$319K Less

$386/SqFt

+$29 More

KEY TAKEAWAY

This property is $319K less than the Median Sold Price and $29/SqFt more than other homes in Rehoboth Beach, DE.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #DESU2073464

Listing Office:

  • Office Name: Jack Lingo - Rehoboth
  • Office Phone: (302) 227-3883
  • Listing Agent: CHRISTINA HAAG

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/18/2024, 4:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,475$22,950
2020$1,470$24,550
2018$1,078$24,550
2017$1,032$24,550

History based on county public records data.

Payment Calculator

$2,189

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,341

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-792080
9
/10

  • Rehoboth Elementary School

  • 500 Stockley St

  • 0.48 miles

  • Public District Grades KG-5

school-card-donut-792081
9
/10

  • Love Creek Elementary School

  • 19488 John J Williams Hwy

  • 3.74 miles

  • Public District Grades KG-5

school-card-donut-792082
8
/10

  • Shields (Richard A.) Elementary School

  • 910 Shields Ave

  • 5.63 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $78,716. The most common annual income of people living in Rehoboth Beach, DE is between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Rehoboth Beach, DE

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Rehoboth Beach, DE?

Rehoboth Beach offers a diverse array of housing options, with a significant portion of the market comprised of single-family homes that feature a mix of contemporary, beach cottage, and colonial architectural styles. Condominiums and townhouses are also prevalent, providing alternatives for those seeking a more communal living experience or lower maintenance properties. The area has seen a steady growth in housing developments, particularly with waterfront and beach-adjacent properties being highly sought after.

Is Rehoboth Beach, DE a good place to live?

Rehoboth Beach is celebrated for its vibrant coastal charm and friendly community atmosphere. The town prides itself on its beautiful beaches, boardwalk, and a variety of shops and eateries that contribute to its character as a beloved summer destination. Annual events like the Rehoboth Beach Independent Film Festival and the Sea Witch Festival reflect the town's cultural identity and draw visitors from across the region.

Are things conveniently located in Rehoboth Beach, DE?

The community is served by a number of public schools, offering educational opportunities for children of all ages. Healthcare is accessible through local clinics and the nearby Beebe Healthcare, which provides comprehensive medical services. The Rehoboth Beach Public Library serves as a cultural hub, and the town's array of boutique shops and restaurants cater to both local and seasonal populations, reflecting the area's culinary diversity and artistic flair.

What does the transportation in Rehoboth Beach, DE look like?

Transportation in Rehoboth Beach includes a mix of private and public options, with local buses serving the area and connecting residents to nearby towns. The town is known for its walkable downtown area, making it easy for residents and visitors to navigate the main attractions on foot. For those commuting by car, Coastal Highway provides a direct route to neighboring cities and attractions. The area is also bike-friendly, with several paths and trails available for cycling enthusiasts.

Frequently Asked Questions About 20784 E Dr Unit 507

What is the listing price of this property?

The listing price of 20784 E Dr Unit 507 property is $425,000.

What type of property is this?

The property 20784 E Dr Unit 507 is a condo located in Rehoboth Beach, Delaware, 19971.

Is this property for sale now?

Active Listing: 20784 E Dr Unit 507 is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,475 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 20784 E Dr Unit 507 has 1 bedroom and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 20784 E Dr Unit 507 is 1,100 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 20784 E Dr Unit 507 is 1988.

Rocket Homes›Delaware›Sussex County›Rehoboth Beach›19971›20784 E Dr Unit 507

This home is located at 20784 E Dr Unit 507 in Rehoboth Beach, DE and zip code 19971. This 1,100 square foot home, which was built in 1988, sits on a 36.57 acre lot. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since November 03, 2024 and is currently priced at $425,000.

Over 10 listings were sold over their listed price in October 2024 in Rehoboth Beach, DE. In the same period over 12 listings were sold below the listed price and 7 listings were sold for the listed price. Between September 2024 and October 2024, Rehoboth Beach, DE real estate market has seen increase in the number of listings by 11.7%. While the average time on the market in October 2024 was 23 days, the median list price was $744,000.

From Rocket Homes Real Estate and based on county public records data.

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