$390,000
$410,000
4.9%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
2 Baths
1,100 SqFt
SOLD DATE : 02/27/2025
Key Details
Sold Price $390,000
Property Type Condo
Sub Type Condo/Co-op
Listing Status Sold
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $354
Subdivision Spring Lake
MLS Listing ID DESU2074788
Sold Date 02/27/25
Style Coastal,Unit/Flat
Bedrooms 1
Full Baths 1
Half Baths 1
Condo Fees $1,450/qua
HOA Y/N N
Abv Grd Liv Area 1,100
Originating Board BRIGHT
Year Built 1988
Annual Tax Amount $1,272
Tax Year 2024
Lot Dimensions 0.00 x 0.00
Property Sub-Type Condo/Co-op
Property 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)
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning HR-2
Direction East
Rooms
Other Rooms Living Room, Dining Room, Kitchen, Laundry
Main Level Bedrooms 1
Interior
Hot Water 60+ Gallon Tank, Electric
Heating Central, Forced Air, Heat Pump(s)
Cooling Central A/C
Flooring Carpet, Vinyl
Fireplaces Number 1
Fireplaces Type Wood
Equipment Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Refrigerator, Washer
Fireplace Y
Window Features Double Pane,Screens
Appliance Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Refrigerator, Washer
Heat Source Electric
Laundry Dryer In Unit, Washer In Unit
Exterior
Exterior Feature Patio(s)
Garage Spaces 1.0
Amenities Available Pool - Outdoor
Water Access N
View Pond, Scenic Vista
Roof Type Architectural Shingle
Accessibility 2+ Access Exits
Porch Patio(s)
Total Parking Spaces 1
Garage N
Building
Story 1
Unit Features Garden 1 - 4 Floors
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Coastal, Unit/Flat
Level or Stories 1
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Cape Henlopen
Others
Pets Allowed Y
HOA Fee Include Common Area Maintenance,Ext Bldg Maint,Insurance,Lawn Care Front,Lawn Care Rear,Lawn Maintenance,Management,Pool(s),Reserve Funds,Snow Removal,Trash
Senior Community No
Tax ID 334-20.00-1.00-524
Ownership Condominium
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Pets Allowed Cats OK, Dogs OK
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Bought with PAUL MALTAGHATI • Monument Sotheby's International Realty
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REALTOR® | SRES | Lic# RS272760