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$1,679,000

Beds
6
Baths
4.0
sq ft
2,400

37490 Washington St, Rehoboth Beach, DE 19971

37490 Washington St

REHOBOTH BEACH, DE 19971

  • 10 days on market
Don't miss this one of a kind 3 unit compound located in the heart of Rehoboth Beach. Priced to sell, this property has the vibe of a key west resort with it's common courtyard, metal roofs and pastel colored Bungalows. A short walk to the beach and boardwalk and all that downtown Rehoboth has to offer, makes this a great investment for rental income or a great opportunity to entertain family and friends. The property consists of 3 Bungalow type homes, all of which have been meticulously updated and maintained. Electric and cable services are separate for each building and the property shares a common water bill. The sprinkler/irrigation system is fed by a well to reduce water bills during the summer months. 37490 Washington St. (Pink Bungalow) offers 2 bedrooms and 1 bath. The kitchen has updated appliances, a beautiful backsplash and a large breakfast bar. The bathroom has a beautiful walk in tile shower and also has the washer/dryer. This cozy home has beautiful hardwood floor and a built in audio /speaker system. The small front porch greats you when you enter and there is a larger deck off of the back door for entertaining and relaxing; 37492 Washington St. (Green Bungalow) offers a large deck overlooking the courtyard as you enter. There is a nicely equipped kitchen with Granite breakfast bar and cozy living room area. This home boasts 2 bedrooms and 1 bathroom equipped with a washer and dryer. Luxury Vinyl flooring is throughout as well as an outdoor shower. 37488 Washington St. (Blue Bungalow) The largest of the 3 homes, you walk in through the large screened in porch for your entertaining needs. The great room of this home boast a huge kitchen island and granite countertops. Updated appliances and a washer and dryer are included. There is plenty of room for dining and living room furniture in the large open space. There are 2 generously sized bedrooms and 2 bathrooms. A private deck is located just through the living room sliding door. Luxury Vinyl flooring throughout make this floorplan seamless and the vaulted ceilings give a modern and spacious feel. An outdoor shower is located behind the house. New HVAC installed in 2022 Porches/Decks are all made with composite decking, the common courtyard area is covered in beautiful slate and landscaped beautifully. Exterior lighting system makes for a beautiful and tranquil evening Oasis. Off-street parking for 7 cars All furniture is negotiable for sale. NO HOA fees and the possibility of turning this property into Condos may be the investment you are looking for.

Details

Property type

Single Family Residence

Est. home value

$184,684

Lot size

6,098 sq ft

Price per sq ft

$700

Year built

2008

Annual property taxes

$1,061

HOA

No

Price History

06/22/2024

Bright #DESU2065064

Listed
$1,679,000
-6.67%
05/01/2024
BrightMLS

BrightMLS #DESU2057668

Removed
$1,799,000
03/07/2024
BrightMLS

BrightMLS #DESU2057668

Listed
$1,799,000
-7.74%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

CAPE HENLOPEN

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

Wilmington Savings Fund Society Fsb

Loan start date

June 2023

Original loan amount

$165,000

Est. remaining balance

Not provided

Interest rate

6.43%

Loan type

Not Provided

Seller

Debora J Brooke

Lender

Wilmington Savings Fund Society Fsb

Loan start date

April 2014

Original loan amount

$122,250

Est. remaining balance

Not provided

Interest rate

3.09%

Loan type

Credit Line (Revolving)

Seller

Debora J Brooke

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: 07/02/2024 at 7:30 PM

Listing updated: 06/22/2024 at 5:49 PM

Listed by: Michael Zacherl, Coldwell Banker Premier - Rehoboth Phone #: (302) 227-5000

MLS: Bright #DESU2065064

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