503 SCHOOL LN Rehoboth Beach, DE 19971 -- MLS# DESU2035582 Real Estate

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503 SCHOOL LN

Rehoboth Beach, DE 19971

UNDER

CONTRACT

$1,727,000

Under Contract

Beds

Baths

Garage

3,000

Sq.Ft.

0.59

Acres

MLS# DESU2035582

Listed on site 48 days since February 8th, 2023

Property Details

A rare offering in Rehoboth Beach...1 / 2 acre on the North end of Silver Lake. Nestled among mature trees, the lot provides privacy, a boat dock, and a short walk to the beach. Build new, or install an inground pool and expand the existing home. The cozy 4 bedroom, 2.5 bath home features hardwood floors, 2 sunrooms, screened porch, and kitchen with lake view. The living / dining room enjoy a bay window and propane fireplace. The first floor en-suite adjoins an office with 3 closets for clothing and storage. 3 bedrooms, 1 bath, a loft / computer area, and 2 oversized storage rooms complete the second floor. There is an office, workshop, and laundry area in the full basement that can be accessed from the exterior. The 3 car garage allows work space for hobbies, gardening, canoes, and kayaks. The Schoolvue community is quiet with no traffic, close to the tennis / pickle ball courts, and Turtle Bridge.

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Property Highlights

Status

Under Contract

Price

$ 1,727,000

Property Type

Residential

Structure Type

Detached

House Style

Traditional

Bedrooms

Bathrooms

3.00

Pool

No Pool

Acres

0.59

Year Built

1997

Location

Subdivision

Schoolvue

County

SUSSEX

Water View

Yes

Water Front

Yes

Heating, Cooling & Utilities

Heating

Baseboard - Electric, Heat Pump(s)

Cooling

Central A/C

Heating Fuel

Electric

Navigable Water

Sewer/Septic

Public Sewer

Features

Appliances

Oven/Range - Electric, Built-In Range, Refrigerator, Dishwasher, Microwave, Washer, Dryer, Water Heater

Fireplaces

Handicap

None

Building Details

Garage Spaces

Above Grade Square Footage

3,000

New Construction

Exterior Construction

Frame

Levels / Stories

Exposure

Shingle

Taxes & Terms

Ownership Interest

Fee Simple

Garage Features

Garage - Rear Entry

Taxes

$2,749

Ownership Interest

Fee Simple

Potential Short Sale

Standard

HOA

Listed by Re/max Realty Group Rehoboth

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All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 29-Mar-2023 and are subject to change without notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independantly verified.

Interest rates and APRs presented are based on current market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables - call for details.
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APR (annual percentage rate) reflects the effective cost of your loan on a yearly basis, taking into account such items as interest, most closing costs, discount points (also referred to as "points"), and loan-origination fees. One point is 1% of the mortgage amount (e.g., $1,000 on a $100,000 loan).
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Amounts may be rounded up. Additional fees and closing costs apply. If the down payment is less than 20%, mortgage insurance may be needed, which could increase the monthly payment and APR.
Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independantly verified.
Please contact a loan specialist to get specific payment examples and information regarding your particular needs.

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Property History

48 days ago

Property Listed

27 days ago

Date of last price change

5 days ago

Property info last updated

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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information on this site was last updated 28th March, 2023 17:00 MST. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MRIS MLS Real estate listings held by brokerage firms other than Bay Coast Realty, may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

Listing Data last updated: 28th March, 2023 17:00 MST