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Backup Offers

20898 E Dr Unit 551, Rehoboth Beach, DE, 19971

$660,000

Home List Price

$7,838*

Closing Credit

2 Bedrooms
2 Full Baths
1,592 SqFt
$415/SqFt
Condo

Location

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20898 E Dr Unit 551, Rehoboth Beach$660,000

Buyer Closing Credits

$7,838*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, On Street
Year Built1994
HeatingHeat Pump
CoolingCentral Air
FireplaceWood
MLS #DESU2074070
Lot Size36.57 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 20898 E Dr Unit 551

Welcome to 551 Spring Lake! This beautifully remodeled 2-bedroom condo, plus a versatile loft, is nestled in the sought after 5th phase of Spring Lake, overlooking a serene pond. This bright and inviting end unit is bathed in natural light, enhancing the spacious layout. The kitchen and bathrooms have been nicely updated. The kitchen features granite counters, tiled backsplash and stainless appliances. The main level includes two bedrooms and two bathrooms. The guest room has 2 single Murphy beds, allowing for multiple uses when not designated as a sleeping space. The large loft offers a flexible space which could also be used as a 3rd bedroom. A cozy fireplace adds warmth and ambiance on cooler evenings. Step out onto your private deck to enjoy tranquil pond views - the perfect spot for morning coffee or evening cocktails. Spring Lake is a meticulously maintained, beautifully landscaped community, offering three ponds, walking trails in the Thompson Island Preserve and a community pool. Ideally situated within easy walking distance to the beach and all the lively attractions of Rehoboth Beach and Dewey Beach. This condo presents a perfect blend of comfort, style and convenience. It would be a wonderful vacation home, permanent residence or investment property. Don't miss this opportunity!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1994
  • Stories: 2
  • Living Area: 1,592 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Electric Range, Refrigerator, Washer, Water Heater
  • Basement: No
  • Interior: Bathroom - Walk-In Shower, Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Kitchen - Gourmet, Primary Bath(s)
  • Fireplace: Wood

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: Assigned, 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, turn left after the pool. It's on the 2nd floor, 2nd building on right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $660,000
  • Price Per SqFt: $415/SqFt

Tax Information:

  • Annual Amount: $1,606
  • 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

20898 E Dr Unit 551 vs Rehoboth Beach

50 DAYS ON ROCKET

+1 Day

$660,000

-$120K Less

$415/SqFt

+$54 More

KEY TAKEAWAY

This property is $120K less than the Median Sold Price and $54/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: #DESU2074070

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: 12/31/2024, 1:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 02, 2005Home Sold
$436,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,606$25,750
2020$1,601$27,350
2018$1,201$27,350
2017$1,150$27,350

History based on county public records data.

Payment Calculator

$3,362

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,045

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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-2263699
9
/10

  • Rehoboth Elementary School

  • 500 Stockley St

  • 0.56 miles

  • Public District Grades KG-5

school-card-donut-2263700
9
/10

  • Love Creek Elementary School

  • 19488 John J Williams Hwy

  • 3.80 miles

  • Public District Grades KG-5

school-card-donut-2263701
8
/10

  • Shields (Richard A.) Elementary School

  • 910 Shields Ave

  • 5.70 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 majority of Rehoboth Beach, DE residents have income between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living 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 20898 E Dr Unit 551

What is the listing price of this property?

The listing price of 20898 E Dr Unit 551 property is $660,000.

What type of property is this?

The property 20898 E Dr Unit 551 is a condo located in Rehoboth Beach, Delaware, 19971.

Is this property for sale now?

Accepting Backup Offers: 20898 E Dr Unit 551 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,606 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 2, 2005 for $436,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 20898 E Dr Unit 551 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 20898 E Dr Unit 551 is 1,592 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 20898 E Dr Unit 551 is 1994.

Rocket Homes›Delaware›Sussex County›Rehoboth Beach›19971›20898 E Dr Unit 551

This home is located at 20898 E Dr Unit 551 in Rehoboth Beach, DE and zip code 19971. This 1,592 square foot home, which was built in 1994, sits on a 36.57 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 10, 2024 and is currently priced at $660,000.

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. The number of listings in Rehoboth Beach, DE increased by 3.6% between October 2024 and November 2024. In November 2024 median list price was $780,000 and the average listing age was 49 days.

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

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