1 month on rocket

20842 E Dr Unit 524, Rehoboth Beach, DE, 19971

$410,000

Home List Price

$4,869*

Closing Credit

1 Bedroom
1 Full Bath, 1 Partial
1,100 SqFt
$373/SqFt
Condo

Location

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20842 E Dr Unit 524, Rehoboth Beach$410,000

Buyer Closing Credits

$4,869*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingGeneral Common Elements, Lighted Parking, Parking Space Conveys, Parking Lot
Year Built1988
HeatingCentral, Forced Air, Heat Pump
CoolingCentral Air
FireplaceWood
ViewPond, Panoramic
MLS #DESU2074788
StatusActive
(ACTIVE)

About 20842 E Dr Unit 524

Location, location, location! This unit is priced to sell. It was tenant-occupied for many years and is now waiting for you to make your personalized improvements. Less than a half mile to the pristine beaches of the Atlantic Ocean. It is conveniently located between Dewey Beach & Rehoboth Beach. First floor and no stairs. Premium location overlooking a lovely pond with a fountain. Double sliding doors give access to your spacious patio. The open floor plan is anchored with a real wood-burning fireplace—a rare find in a condominium. The primary bedroom features an en-suite full bath. There is a powder room off the foyer. A full laundry room also serves as a pantry. Right outside the unit is a private storage closet. Several feet away is your assigned parking space and mailbox. Open guest parking is available. Spring Lake is a beautiful community featuring open space, a spring-fed lake, a pond, mature trees, and a community pool. Discover what coastal Delaware offers: miles of pristine beaches, no sales tax, low property taxes, and a Mid-Atlantic climate.

Property Details

Property Features

Property Information:

  • Architectural Style: Coastal, Unit/Flat
  • Year Built: 1988
  • Stories: 1
  • Living Area: 1,100 SqFt

Listing Office:

  • Office Name: Monument Sotheby's International Realty
  • Office Phone: (302) 227-6767
  • Listing Agent: PAUL MALTAGHATI

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Electric Range, Refrigerator, Washer
  • Basement: No
  • Flooring Type: Carpet, Vinyl
  • Fireplace: Wood

Bedroom and Bathroom Information:

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

Exterior Features

Exterior Information:

  • View: Pond, Panoramic
  • Exterior: Underground Lawn Sprinkler, Water Fountains

Parking Information:

  • Parking: General Common Elements, Lighted Parking, Parking Space Conveys, Parking Lot

Utilities

Utilities Information:

  • Heating: Central, Forced Air, Heat Pump
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Turn into Spring Lake make second left onto East Drive and go around to building 5. Unit is on the first floor left corner.

Price Information

Listing Price Info

Price Summary:

  • List Price: $410,000
  • Price Per SqFt: $373/SqFt

Tax Information:

  • Annual Amount: $1,533
  • Tax Year: 2021
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Housing Market Comparison

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

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Rehoboth Beach, DE

City

Med. Sold Price

$780K

Med. Price/SqFt

$361

Avg. Days On Market

49

# of Sold Homes

25

20842 E Dr Unit 524 vs Rehoboth Beach

40 DAYS ON ROCKET

-9 Days

$410,000

-$370K Less

$373/SqFt

+$12 More

KEY TAKEAWAY

This property is $370K less than the Median Sold Price and $12/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: #DESU2074788

Listing Office:

  • Office Name: Monument Sotheby's International Realty
  • Office Phone: (302) 227-6767
  • Listing Agent: PAUL MALTAGHATI

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: 12/30/2024, 11:55:56 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$1,533$24,200
2020 - $25,800
2018$1,133$25,800
2017$1,085$25,800

History based on county public records data.

Payment Calculator

$2,114

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,296

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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-2256231
9
/10

  • Rehoboth Elementary School

  • 500 Stockley St

  • 0.49 miles

  • Public District Grades KG-5

school-card-donut-2256232
9
/10

  • Love Creek Elementary School

  • 19488 John J Williams Hwy

  • 3.78 miles

  • Public District Grades KG-5

school-card-donut-2256233
8
/10

  • Shields (Richard A.) Elementary School

  • 910 Shields Ave

  • 5.64 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. Most Rehoboth Beach, DE residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

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 20842 E Dr Unit 524

What is the listing price of this property?

The listing price of 20842 E Dr Unit 524 property is $410,000.

What type of property is this?

The property 20842 E Dr Unit 524 is a condo located in Rehoboth Beach, Delaware, 19971.

Is this property for sale now?

Active Listing: 20842 E Dr Unit 524 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 $1,533 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 20842 E Dr Unit 524 has 1 bedroom and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 20842 E Dr Unit 524 is 1,100 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 20842 E Dr Unit 524 is 1988.

Rocket Homes›Delaware›Sussex County›Rehoboth Beach›19971›20842 E Dr Unit 524

This home is located at 20842 E Dr Unit 524 in Rehoboth Beach, DE and zip code 19971. This 1,100 square foot home was built in 1988. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $410,000.

Over 7 listings were sold over their listed price in November 2024 in Rehoboth Beach, DE. In the same period over 14 listings were sold below the listed price and 4 listings were sold for the listed price. In November 2024 in Rehoboth Beach, DE there were 3.6% more homes for sale than in October 2024. While the average time on the market in November 2024 was 49 days, the median list price was $780,000.

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

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