new - 17 hours on rocket

20908 Spring Lake Dr Unit 305, Rehoboth Beach, DE, 19971

$555,000

Home List Price

$6,591*

Closing Credit

2 Bedrooms
2 Full Baths
1,200 SqFt
$463/SqFt
Condo

Location

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20908 Spring Lake Dr Unit 305, Rehoboth Beach$555,000

Buyer Closing Credits

$6,591*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Paved Parking, Parking Lot
Year Built1984
HeatingHeat Pump
CoolingCentral Air
WaterfrontShared
FireplaceWood
ViewPond
MLS #DESU2074904
StatusActive
(ACTIVE)

About 20908 Spring Lake Dr Unit 305

PERFECT BEACH GETAWAY! This fully renovated & fully furnished 2-bedroom, 2-bath condo located in the desirable Spring Lake community is ready to be made yours. This spacious 1,200 sqft residence, built in 1984, offers a serene retreat nestled between the beautiful beaches of Rehoboth and Dewey, making it an ideal location for enjoying all that coastal living has to offer. Featuring stunning views of a tranquil pond and beautifully landscaped grounds, providing a picturesque backdrop for relaxation and entertaining. Situated on the second and third levels of a charming three-story building, this unit boasts an abundance of natural light with hardwood and tile flooring throughout the main level leading to a gorgeous, remodeled kitchen equipped with stone countertops, a stylish tile backsplash, and updated stainless steel appliances. The bathrooms have been tastefully updated, including the primary with a new shower with glass doors and custom fixtures that elevate your daily routine. Other highlights include reasonable HOA fees, which include access to Spring Lake’s community pool and the scenic Thompson Island Preserve right next door, offering beautiful walking trails along Rehoboth Bay. This phase of the community has a minimum rental term of just 30 days, making it a fantastic investment opportunity or vacation home. Don’t miss your chance to own this exceptional property in one of the area's most sought-after communities! Call and schedule a showing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1984
  • Stories: 2
  • Living Area: 1,200 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices PenFed Realty
  • Office Phone: (302) 645-6661
  • Listing Agent: Lee Ann Wilkinson

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Oven, Electric Range, Refrigerator, Range Hood, Washer, Water Heater
  • Basement: No
  • Flooring Type: Carpet, Hardwood, Tile/Brick
  • Interior: Breakfast Area, Ceiling Fan(s), Entry Level Bedroom, Skylight(s), Window Treatments
  • Fireplace: Wood

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Shared
  • View: Pond
  • Exterior: Secure Storage

Parking Information:

  • Parking: Assigned, Paved Parking, Parking Lot

Lot Features

Lot Information:

  • Lot: Landscaped

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Turn right into Spring Lake from Southbound Rt.1 in Rehoboth Beach, at fork bear right, bldg 20908 on the left, unit 305 upstairs.

Price Information

Listing Price Info

Price Summary:

  • List Price: $555,000
  • Price Per SqFt: $463/SqFt

Tax Information:

  • Annual Amount: $1,564
  • 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

$744K

Med. Price/SqFt

$356

Avg. Days On Market

23

# of Sold Homes

29

20908 Spring Lake Dr Unit 305 vs Rehoboth Beach

1 DAY ON ROCKET

-22 Days

$555,000

-$189K Less

$463/SqFt

+$106 More

KEY TAKEAWAY

This property is $189K less than the Median Sold Price and $106/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: #DESU2074904

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices PenFed Realty
  • Office Phone: (302) 645-6661
  • Listing Agent: Lee Ann Wilkinson

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: 11/23/2024, 7:20:51 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

Jul 12, 2021Home Sold
$415,000
Apr 03, 2018Home Sold
$344,000
Oct 31, 2013Home Sold
$327,500
May 01, 2012Home Sold
$300,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,564$20,750
2020 - $26,450
2018$1,161$26,450
2017$1,112$26,450

History based on county public records data.

Payment Calculator

$2,837

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,730

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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-839943
9
/10

  • Rehoboth Elementary School

  • 500 Stockley St

  • 0.53 miles

  • Public District Grades KG-5

school-card-donut-839944
9
/10

  • Love Creek Elementary School

  • 19488 John J Williams Hwy

  • 3.62 miles

  • Public District Grades KG-5

school-card-donut-839945
8
/10

  • Shields (Richard A.) Elementary School

  • 910 Shields Ave

  • 5.60 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. The majority of families are 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 20908 Spring Lake Dr Unit 305

What is the listing price of this property?

The listing price of 20908 Spring Lake Dr Unit 305 property is $555,000.

What type of property is this?

The property 20908 Spring Lake Dr Unit 305 is a condo located in Rehoboth Beach, Delaware, 19971.

Is this property for sale now?

Active Listing: 20908 Spring Lake Dr Unit 305 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 $1,564 (source: MLS/based on county public records data).

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

The last sale was on July 12, 2021 for $415,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 20908 Spring Lake Dr Unit 305 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 20908 Spring Lake Dr Unit 305 is 1,200 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 20908 Spring Lake Dr Unit 305 is 1984.

Rocket Homes›Delaware›Sussex County›Rehoboth Beach›19971›20908 Spring Lake Dr Unit 305

This home is located at 20908 Spring Lake Dr Unit 305 in Rehoboth Beach, DE and zip code 19971. This 1,200 square foot home was built in 1984. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 22, 2024 and is currently priced at $555,000.

While more than 10 listings in Rehoboth Beach, DE in October 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 12 were sold below. The number of listings in Rehoboth Beach, DE increased by 11.7% between September 2024 and October 2024. 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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