No Longer Available
Asking Price - $410,000
No Longer Available
20842 East Drive 524
Spring Lake
Rehoboth Beach, DE 19971
Featured Agent
EveryHome Realtor
Asking Price
$410,000
No Longer Available
Bedrooms
1
Full Baths
1
Partial Baths
1
Interior SqFt
1,100
Age
37
Heating
Electric
Fireplaces
1
Cooling
Central A/C
Water
Public
Sewer
Public
Garages
0
Taxes (2024)
1,272
Asociation
1,450 Quarterly
Cap Fee
2,250
Additional Details Below
EveryHome Realtor
Views: 105
Featured Agent
EveryHome Realtor
Description
Location, location, location! This unit is priced to sell. It was tenant-occupied for many years and is now waiting for you to make your personalized improvements. Less than a half mile to the pristine beaches of the Atlantic Ocean. It is conveniently located between Dewey Beach & Rehoboth Beach. First floor and no stairs. Premium location overlooking a lovely pond with a fountain. Double sliding doors give access to your spacious patio. The open floor plan is anchored with a real wood-burning fireplace—a rare find in a condominium. The primary bedroom features an En-Suite full bath. There is a powder room off the foyer. A full laundry room also serves as a pantry. Right outside the unit is a private storage closet. Several feet away is your assigned parking space and mailbox. Open guest parking is available. Spring Lake is a beautiful community featuring open space, a spring-fed lake, a pond, mature trees, and a community pool. Discover what coastal Delaware offers: miles of pristine beaches, no sales tax, low property taxes, and a Mid-Atlantic climate The quarterly assessments consist of an operating assessment of $965, a reserve assessment of $360, and a trust assessment of $125, totaling $1,450 due quarterly. (2025 amount) There is an annual painting reserve assessment of $375 (2025 amount) billed with the first quarter assessments in December, bringing the first quarter assessment to $1,825, with the subsequent quarters staying at $1,450. There is a one-time working capital contribution payment due from the buyer directly to the Spring Lake Community Trust upon sale of $2,250 (2025)
Room sizes
Living Room
x Main Level
Dining Room
x Main Level
Kitchen
x Main Level
Location
Driving Directions
Turn into Spring Lake make second left onto East Drive and go around to building 5. Unit is on the first floor left corner.
Listing Details
Summary
Architectural Type
•Coastal, Unit/Flat
Parking
•General Common Elements, Lighted Parking, Parking Space Conveys, Parking Lot
Interior Features
Appliances
•Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Refrigerator, Washer
Rooms List
•Living Room, Dining Room, Kitchen, Laundry
Exterior Features
Roofing
•Architectural Shingle
Exterior Features
•Underground Lawn Sprinkler, Water Fountains, Patio(s), Block, Cedar, Stick Built
HOA/Condo Information
HOA Fee Includes
•Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Care Front, Lawn Care Rear, Lawn Maintenance, Management, Pool(s), Reserve Funds, Snow Removal, Trash
Community Features
•Pool - Outdoor
Utilities
Cooling
•Central A/C, Electric
Heating
•Central, Forced Air, Heat Pump(s), Electric
Hot Water
•60+ Gallon Tank, Electric
Property History
Jan 10, 2025
Active Under Contract
1/10/25
Active Under Contract
Miscellaneous
Lattitude : 38.702394
Longitude : -75.084205
MLS# : DESU2074788
Views : 105
Listing Courtesy: PAUL MALTAGHATI of Monument Sotheby's International Realty
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Notes
Page: © 2025 EveryHome, Realtors, All Rights Reserved.
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, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 Bright MLS, Inc.
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Real estate listings held by brokerage firms other than EveryHome are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
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.
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