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Backup Offers

38131 W Dr Unit 726, Rehoboth Beach, DE, 19971

$550,000

Home List Price

$6,531*

Closing Credit

2 Bedrooms
2 Full Baths
Condo
Schools Nearby

Location

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38131 W Dr Unit 726, Rehoboth Beach$550,000

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Paved Parking, Parking Lot
Year Built1997
HeatingForced Air, Heat Pump
CoolingHeat Pump, Central Air, Ceiling Fan(s)
FireplaceFireplace - Glass Doors, Gas/Propane, Mantel(s), Other
ViewPond, Panoramic, Trees/Woods
MLS #DESU2057750
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 38131 W Dr Unit 726

Welcome to Spring Lake, a coveted community just 5 blocks to the beach, sited between Rehoboth and Dewey Beaches within easy reach on foot or by bike. The 2BR, 2BA unit being offered is in Phase VII, tucked back on perhaps the quietest street in the community, and directly across from the wooded access to Thompson Island Trail leading to the bay! This unit is on the 2nd floor of a 2-story building, accessed by a private enclosed flight of stairs. Upstairs opens into the Great Room and kitchen that feature vaulted ceilings, large windows and doors leading to the sizable Eastern facing deck with expansive views of the pond and surrounding green spaces. The Great Room has a gas fireplace with mantel and has adjacent built in cabinetry. The kitchen is white and bright, with a raised counter for seating if desired, and opens to the Great Room, ideal for entertaining. Behind closed doors at the top of the stairs is a double wide closet which is organized as an office space. Mannington hardwood floors are throughout the Great Room, kitchen and hallway, as well as on the stairway accessing the unit. The hallway leads to two spacious bedrooms, with windows looking across to the wooded Thompson Trail, state parkland, never to be developed. The Primary bedroom has an ensuite bath with shower. A second bath, across from the guest bedroom, features a tub/shower combination. The laundry area includes full size, side by side, washer and dryer. A pull-down stair in the laundry room accesses the partially floored attic, perfect for additional storage. An additional storage area is located at the entry to the unit, perfect for bikes, beach chairs and toys! Exterior maintenance of the unit itself, as well as landscaping is covered by the Condominium Association, giving you freedom to enjoy your time at the beach. While this unit has never been rented by the current owner, rentals are permitted in Phase VII for the buyer looking for an investment.

Property Details

Property Features

Property Information:

  • Architectural Style: Coastal
  • Year Built: 1997
  • Stories: 2

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Oven, Electric Range, Refrigerator, Washer, Water Heater
  • Basement: No
  • Flooring Type: Carpet, Ceramic Tile, Hardwood, Vinyl
  • Interior: Attic, Built-Ins, Carpet, Floor Plan - Open, Kitchen - Galley, Primary Bath(s), Skylight(s), Stall Shower, Tub Shower, Walk-in Closet(s), Window Treatments, Wood Floors, Ceiling Fan(s), Combination Dining/Living
  • Fireplace: Fireplace - Glass Doors, Gas/Propane, Mantel(s), Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: Pond, Panoramic, Trees/Woods
  • Exterior: Secure Storage, Sidewalks

Parking Information:

  • Parking: Assigned, Paved Parking, Parking Lot

Utilities

Utilities Information:

  • Heating: Forced Air, Heat Pump
  • Cooling: Heat Pump, Central Air, Ceiling Fan(s)

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: Heading South on Rt. 1 , make a right at light on Spring Lake Drive. In 600 ft. keep to the right on Spring Lake Drive. Turn right on West Drive. Unit on right. Park in designated spots for Unit 726.

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000

Tax Information:

  • Annual Amount: $1,237
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$779K

Med. Price/SqFt

$321

Avg. Days On Market

53

# of Sold Homes

17

38131 W Dr Unit 726 vs Rehoboth Beach

30 DAYS ON ROCKET

-23 Days

$550,000

-$229K Less

KEY TAKEAWAY

This property is $229K less than the Median Sold Price in Rehoboth Beach, DE.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #DESU2057750

Listing Office:

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

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: 4/27/2024, 10:00:19 AM 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$1,237$20,850
2020$1,232$28,000
2018$830$28,000
2017$778$28,000

History based on county public records data.

Payment Calculator

$2,813

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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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-1163138
9
/10
  • Rehoboth Elementary School

  • 500 Stockley St

  • 0.48 miles

  • Public District Grades PK-6

Middle School

school-card-donut-1163139
7
/10
  • Beacon Middle School

  • 19483 John J Williams Hwy

  • 3.35 miles

  • Public District Grades 4-8

High School

school-card-donut-1163140
5
/10
  • Cape Henlopen High School

  • 1250 Kings Hwy

  • 5.04 miles

  • Public District Grades 8-12

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. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 38131 W Dr Unit 726

What is the listing price of this property?

The listing price of 38131 W Dr Unit 726 property is $550,000.

What type of property is this?

The property 38131 W Dr Unit 726 is a condo located in Rehoboth Beach, Delaware, 19971.

Is this property for sale now?

Accepting Backup Offers: 38131 W Dr Unit 726 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 38131 W Dr Unit 726 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 annual property tax for this property?

According to the records, the last property tax for 2021 is $1,237 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 38131 W Dr Unit 726 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The sq. ft. of 38131 W Dr Unit 726 is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 38131 W Dr Unit 726 is 1997.

Rocket Homes›Delaware›Sussex County›Rehoboth Beach›19971›38131 W Dr Unit 726

This home is located at 38131 W Dr Unit 726 in Rehoboth Beach, DE and zip code 19971. This home was built in 1997. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $550,000.

Over 4 listings were sold over their listed price in March 2024 in Rehoboth Beach, DE. In the same period over 9 listings were sold below the listed price and 4 listings were sold for the listed price. Between February 2024 and March 2024, Rehoboth Beach, DE real estate market has seen increase in the number of listings by 8.5%. In March 2024, listings were on the market for 53 days. During the same period, the median list price in this real estate market was $779,000.

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

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