21 days on rocket

Sale Pending

20471 Lincoln St, Rehoboth Beach, DE, 19971

$734,000

Home List Price

$8,716*

Closing Credit

0 Baths
2,050 SqFt
$358/SqFt
House
Schools Nearby

Location

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20471 Lincoln St, Rehoboth Beach$734,000

Buyer Closing Credits

$8,716*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingCrushed Stone, Off Street
Year Built1981
HeatingHeat Pump
CoolingCentral Air
MLS #DESU2059506
Lot Size0.21 Acres
StatusSale Pending
(PENDING)

About 20471 Lincoln St

Offers due by Tuesday, 4/23/2024 at 5:00pm. Investment opportunity! This 4-unit multi-family property is located east of the Lewes Rehoboth Canal and within biking distance of downtown Rehoboth and Dewey Beach. The property consists of two well maintained and recently updated buildings, each with 1st floor and 2nd floor units. 20473 #1 (front) - 2 bedrooms/1bath, 20473 #2 (front) - efficiency/1 bath, 20471 #1 (rear) - 3 bedrooms/2 bath, 20471 #2 (rear) - 1 bedroom/1bath. All units are occupied and remain leased at market rental rates, with potential for rent growth in the future. Excellent investment property with attractive and stable income. Income and expenses available.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1981
  • Living Area: 2,050 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Exhaust Fan, Oven, Electric Range, Range Hood, Refrigerator, Dishwasher, Disposal
  • Interior: Ceiling Fan(s)

Exterior Features

Parking Information:

  • Parking: Crushed Stone, Off Street

Lot Features

Lot Information:

  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Cape Henlopen High School, Public District Grades 8-12
  • Beacon Middle School, Public District Grades 4-8
  • Rehoboth Elementary School, Public District Grades PK-6

Other

Directions Information:

  • Directions: Rt. 1 to Washington Street, first right on Jefferson St (1B), left on Lincoln Street, property on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $734,000
  • Price Per SqFt: $358/SqFt
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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

$779K

Med. Price/SqFt

$321

Avg. Days On Market

53

# of Sold Homes

17

20471 Lincoln St vs Rehoboth Beach

21 DAYS ON ROCKET

-32 Days

$734,000

-$45K Less

$358/SqFt

+$37 More

KEY TAKEAWAY

This property is $45K less than the Median Sold Price and $37/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: #DESU2059506

Listing Office:

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

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: 5/1/2024, 6:25:21 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$3,731

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,267

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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.

Elementary School

school-card-donut-4077706
9
/10

  • Rehoboth Elementary School

  • 500 Stockley St

  • 0.29 miles

  • Public District Grades PK-6

Middle School

school-card-donut-4077707
7
/10

  • Beacon Middle School

  • 19483 John J Williams Hwy

  • 3.16 miles

  • Public District Grades 4-8

High School

school-card-donut-4077708
5
/10

  • Cape Henlopen High School

  • 1250 Kings Hwy

  • 4.72 miles

  • Public District Grades 8-12

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. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 20471 Lincoln St

What is the listing price of this property?

The listing price of 20471 Lincoln St property is $734,000.

What type of property is this?

The property 20471 Lincoln St is a house located in Rehoboth Beach, Delaware, 19971.

Is this property for sale now?

Sale Pending: 20471 Lincoln St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 20471 Lincoln St are:
Rehoboth Elementary School: GreatSchools Rating 9/10
Beacon Middle School: GreatSchools Rating 7/10
Cape Henlopen High School: GreatSchools Rating 5/10

What is the square footage of this property?

The property 20471 Lincoln St is 2,050 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 20471 Lincoln St is 1981.

Rocket Homes›Delaware›Sussex County›Rehoboth Beach›19971›20471 Lincoln St

This home is located at 20471 Lincoln St in Rehoboth Beach, DE and zip code 19971. This 2,050 square foot home, which was built in 1981, sits on a 0.21 acre lot. It has been listed on Rocket Homes since April 10, 2024 and is currently priced at $734,000.

In March 2024 more than 4 listings in Rehoboth Beach, DE were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 9 were sold below. The number of listings in Rehoboth Beach, DE increased by 8.5% between February 2024 and March 2024. Listings spent 53 days on the market in March 2024, and had a median list price of $779,000 during the same period.

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

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