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$799,000

Beds
3
Baths
2.0
sq ft
1,031

37372 7th St, Rehoboth Beach, DE 19971

37372 7th St

REHOBOTH BEACH, DE 19971

  • 33 days on market
Charming classic beach cottage, newly restored and renovated, just steps from Dewey and Rehoboth Beaches. This 3-bedroom, 2-bath home offers a perfect blend of comfort and convenience, with no HOA fees and no rental restrictions—ideal for an Airbnb or vacation rental. Nestled in the rare and desirable Bay Vista neighborhood, you'll enjoy access to a local marina, nearby shopping, dining, and attractions. Explore Rehoboth, Dewey, and nearby State Park with walking trails, biking paths, and water activities. Don’t miss this exceptional opportunity to own a slice of paradise!

Details

Property type

Single Family Residence

Est. home value

$590,609

Lot size

7,500 sq ft

Price per sq ft

$775

Year built

1953

Annual property taxes

$638

HOA

No

Price History

08/29/2024
Bright

Bright #DESU2069248

Listed
$799,000
+24.84%
11/16/2023
Bright

Bright #DESU2047124

Sold
$640,000
+11.3%
05/01/2023
Bright

Bright #DESU2037142

Sold
$575,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

CAPE HENLOPEN

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$258,625
Asking price
$799,000
Closing costs (~8% of asking)
-$63,920
Est. remaining loan balance
-$476,455
Cash to seller
$258,625

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Wholesale Mortgage Llc

Loan start date

November 2023

Original loan amount

$480,260

Est. remaining balance

$476,455

Interest rate

7.31%

Loan type

New Conventional, 30 year

Seller

Brian P Carey

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 10/01/2024 at 9:35 AM

Listing updated: 09/19/2024 at 9:17 PM

Listed by: ASHLEY BROSNAHAN, Long & Foster Real Estate, Inc. Phone #: (302) 539-9040

MLS: Bright #DESU2069248

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