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Sold for $500,000
    • $500,000

    20942 Spring Lake Dr #221, Rehoboth Beach, DE 19971

    2beds
    1,271sqft
    Townhouse
    Built in 1982
    -- sqft lot
    $554,400 Zestimate®
    $393/sqft
    $2,356 Estimated rent

    Home value

    $554,400

    $516,000 - $599,000

    $2,356/mo

    Zestimate® history
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    What's special

    Experience coastal living in this stunning two-bedroom, two-bath townhome nestled in the highly sought-after community of Spring Lake! Conveniently located across from the scenic Thompson Island walking trail and within walking distance to vibrant downtown Rehoboth Beach, this home offers unparalleled access to the best of coastal life. The main level features ceramic tile flooring for easy maintenance and a charming kitchen with a bi-level breakfast bar perfect for casual meals. The dining area seamlessly transitions into the inviting living room, complete with a cozy gas fireplace framed by transom windows and glass sliding doors, offering picturesque views of mature trees and a serene pond. This exceptional unit boasts two patios. The front patio includes a secure locker and an outdoor shower, while the rear patio is the ideal spot to savor your morning coffee or evening drink while overlooking the tranquil pond. Upstairs, the second floor hosts a luxurious primary bedroom with an ensuite bath, a spacious second bedroom, and a full hall bath. Spring Lake listings are a rare find, so don’t miss your chance to own a spectacular home in this perfect beach location! Note: there is a 1-month minimum for rentals in this phase of the community. Schedule your private showing today.

    Zillow last checked:

    Listing updated:

    Listed by:

    ROBIN PALUMBO THOMPSON 302-745-8541,

    Northrop Realty

    Bought with:

    Kara Johnson, RS-0036521

    Keller Williams Realty

    Source: Bright MLS,MLS#: DESU2063398MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen
    Basement
    • Area: 0
    Heating
    • Heat Pump, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Microwave, Built-In Range, Dishwasher, Dryer, Freezer, Ice Maker, Self Cleaning Oven, Oven, Oven/Range - Electric, Refrigerator, Washer, Water Heater, Electric Water Heater
    • Laundry: Main Level
    Features
    • Attic, Breakfast Area, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Open Floorplan, Kitchen - Galley, Primary Bath(s), Bathroom - Tub Shower, Dry Wall, 9'+ Ceilings, Vaulted Ceiling(s)
    • Flooring: Ceramic Tile, Carpet
    • Doors: Sliding Glass, Storm Door(s)
    • Windows: Casement, Screens
    • Has basement: No
    • Number of fireplaces: 1
    • Fireplace features: Gas/Propane, Mantel(s)
    Interior area
    • Total structure area: 1,271
    • Total interior livable area: 1,271 sqft
    • Finished area above ground: 1,271
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Paved, Assigned, Parking Lot
    • Details: Assigned Parking
    Accessibility
    • Accessibility features: Other
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Patio
    • Exterior features: Outdoor Shower, Balcony
    • Pool features: Community
    • Has view: Yes
    • View description: Garden, Pond, Trees/Woods
    • Has water view: Yes
    • Water view: Pond
    • Waterfront features: Pond
    Lot
    • Features: Adjoins - Open Space, Backs - Open Common Area, Backs to Trees, Wooded, Pond, Rear Yard, Landscaped
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 33420.001.00221
    • Zoning: HR-1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Townhouse
    • Property subtype: Townhouse
    Materials
    • Stick Built, Wood Siding
    • Foundation: Slab
    • Roof: Architectural Shingle
    Condition
    • Excellent
    • New construction: No
    • Year built: 1982

    Utilities & green energy

    • Electric: 220 Volts, 200+ Amp Service
    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Pool
    • Security: Main Entrance Lock
    • Condo and coop fee: $1,221 quarterly
    • Subdivision: Spring Lake
    HOA
    • Has HOA: No
    • Amenities included: Pool
    • Services included: Management, Road Maintenance, Reserve Funds, Snow Removal
    Location
    • Region: Rehoboth Beach

    Financial & listing details

    • Price per square foot: $393/sqft
    • Tax assessed value: $515,400
    • Annual tax amount: $1,514
    • Date on market: 5/27/2024
    • Listing agreement: Exclusive Agency
    • Listing terms: Cash,Conventional
    • Ownership: Condominium

    Price history

    DateEventPrice
    7/19/2024Sold$500,000-4.8%$393/sqft
    Source: Bright MLS #DESU2063398 Report a problem
    6/23/2024Pending sale$525,000$413/sqft
    Source: Long & Foster Broker Feed #DESU2063398 Report a problem
    6/20/2024Contingent$525,000$413/sqft
    Source: Long & Foster Broker Feed #DESU2063398 Report a problem
    6/12/2024Price change$525,000-2.8%$413/sqft
    Source: Long & Foster Broker Feed #DESU2063398 Report a problem
    6/8/2024Price change$540,000-1.8%$425/sqft
    Source: Long & Foster Broker Feed #DESU2063398 Report a problem
    5/27/2024Listed for sale$550,000$433/sqft
    Source: Long & Foster Broker Feed #DESU2063398 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,407 -23.3%$257,700 +738%
    2024$1,834 +0.1%$30,750
    2023$1,833 +3%$30,750
    2022$1,780 +0.8%$30,750
    2021$1,767 +0.3%$30,750
    2020$1,761 $30,750 +21.8%
    2019$1,761 +1.1%$25,250 -17.9%
    2018$1,742 +34.7%$30,750
    2017$1,293 +4.6%$30,750
    2016$1,237 +4.6%$30,750
    2015$1,182 +0.7%$30,750
    2014$1,173 +2.9%$30,750
    2013$1,141 -2.5%$30,750
    2012$1,170 +11.4%$30,750
    2011$1,051 $30,750
    2010$1,051 -2.8%$30,750
    2009$1,081 $30,750
    2008-- --
    2007-- --
    2006-- --
    2005-- --
    2004-- --
    Find assessor info on the county website

    Neighborhood: 19971

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Rehoboth
    • Middle: Beacon
    • High: Cape Henlopen
    • District: Cape Henlopen

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Sell for more on Zillow
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    $554,400
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    With Zillow Showcase(estimated)
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    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
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    +$11,088
    With Zillow Showcase(estimated)
    $565,488

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