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$1,595,000

Beds
5
Baths
5.0
sq ft
4,407

37468 1st St, Rehoboth Beach, DE 19971

37468 1st St

REHOBOTH BEACH, DE 19971

  • 243 days on market
    • Price drop $100,000↓
WANT A QUICK SETTLEMENT? ACT NOW on this amazing Rehoboth Beach Home before Summer is over and it's Off the Market! Unlock the door to this MUST-SEE home and immerse yourself in luxury and location as you explore this remarkable four level dream house, just steps away from the glistening waters of the Lewes Rehoboth Canal. Prepare to be captivated and inspired by the unrivaled style and breathtaking canal and wetland vistas that await you. Experience the warmth of beautifully finished Red & White Oak Hardwood flooring as it flows seamlessly through the main living spaces, enriching the ambiance with an earthy sophistication. Satiate your culinary aspirations with not one, but TWO kitchens! The 3rd level boasts a gourmet kitchen for exquisite dinner parties & everyday living, while the ground level den offers an additional kitchen, making game nights and holiday feasts even more delightful. Relish in a sprawling owner's suite on the top level, complete with a private balcony and water views, cozy lounge area with built-in window bench, luxurious en-suite bath, and a huge walk-in closet with its own washer & dryer. Take the elevator or stairs down to the 2nd level, where you will find a secondary living room, 3 additional bedrooms - each with en-suite baths, and an additional laundry room in the hall. Other highlights include coffered ceilings in the breakfast and dining room, dedicated home office, which could easily be used as a 5th bedroom, gas fireplace in the 3rd level living room, built in speakers in the main kitchen area, formal dining room and in the owner’s suite; each with separate volume controls, and a fire suppression system with sprinkler heads throughout the entire house. There's even room for a Spa pool! With no HOA and no rental restrictions this would make a perfect Airbnb/vacation rental property; with an estimated $100,000 in potential annual rental income! Conveniently located in Bay Vista, offering easy access to Rehoboth Bay, Coastal Highway, and downtown Dewey & Rehoboth Beaches. PICTURES TRULY DON'T DO THIS HOUSE JUSTICE- SO COME SEE FOR YOURSELF!

Details

Property type

Single Family Residence

Est. home value

$272,275

Lot size

4,792 sq ft

Price per sq ft

$362

Year built

2018

Annual property taxes

$2,539

HOA

No

Price History

02/01/2024
Bright

Bright #DESU2048024

Listed
$1,595,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

CAPE HENLOPEN

Seller’s Loan History

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

Lender

Citizens Bank

Loan start date

October 2021

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

2.88%

Loan type

Stand Alone Refi (Refinance of Original Loan), 25 year

Seller

Bessie L Furr and Timothy E Furr

Lender

Navy Fcu

Loan start date

June 2020

Original loan amount

$486,000

Est. remaining balance

Not provided

Interest rate

3.26%

Loan type

Stand Alone Refi (Refinance of Original Loan), 30 year

Seller

Bessie L Furr and Timothy E Furr

Lender

Community Bank Delaware

Loan start date

February 2018

Original loan amount

$485,000

Est. remaining balance

Not provided

Interest rate

3.95%

Loan type

Not Provided

Seller

Timothy E Furr

Lender

Wells Fargo Bank Na

Loan start date

March 2012

Original loan amount

$195,800

Est. remaining balance

$140,278

Interest rate

3.88%

Loan type

Not Provided, 30 year

Seller

Timothy E Furr

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: 09/23/2024 at 9:27 PM

Listed by: Lee Ann Wilkinson, Berkshire Hathaway HomeServices PenFed Realty Phone #: (302) 645-6661

MLS: Bright #DESU2048024

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