See Home Value
Sussex 19971
38242 ROBINSON DR
$1,450,000
● House - Off Market

38242 ROBINSON DR

REHOBOTH BEACH, DE 19971
bedrooms
4 Beds
bathrooms
3 Baths
$7,361
Est. Monthly

About This Property

Discover this rare two-unit, income-producing property just steps from Silver Lake and only 4 blocks from the beach, generating over $60,000 in annual rental income in '22 & '23! Whether you're looking to live in one unit and rent out the other, or maximize your earnings by leasing both, this property offers endless flexibility. Unit 1 features 2 bedrooms, 2 baths, a spacious screened porch and patio-perfect for relaxing or entertaining. Unit 2 offers 2 bedrooms, 1 bath, and its own inviting screened porch. Both units boast well-appointed kitchens & baths, stylish decor, and modern updates, offered mostly furnished, making them move-in or rental-ready.  Enjoy the coastal lifestyle with lush landscaping, great curb appeal, 2 outdoor showers, and a convenient storage shed. County restrictions apply, and no city rental taxes are required for your guests, adding more value to your investment. This property can also be easily converted into a single-family home, giving you even more options. Don't miss this chance to own a Rehoboth Beach investment  with great income potential and lifestyle flexibility.  Check out the floor plan & 3D tour!
Unit Size
-
Days on Market
8 days
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$88
HOA Dues
-
Year Built
-

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Last updated: 2 years ago (Bright MLS #DESU2069994)

Price History

Date / Event Date Event Price
Nov 19, 2024 Sold
Sold
Oct 22, 2024 In contract -
In contract
Sep 6, 2024 Listed by RE/MAX Realty Group Rehoboth $1,499,000
Listed by RE/MAX Realty Group Rehoboth
Oct 7, 2013 Sold
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,386
  • Lot Size Depth Feet: 840
  • Lot Size Frontage Feet: 760
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SILVER LAKE MANOR
  • Land Acres: 0000000147
  • Standard Land Use Code: 1001
  • County Land Use Code: RS
  • Legal Description 1: DODDS ADDITION PART OF LOT B BLK F

Neighborhood

  • School District Name: Cape Henlopen School District
  • School Tax School District: CAPE HENLOPEN
  • Census Tract: 051102

Zoning

  • Zoning: MR

Geography

  • District: CAPE HENLOPE
  • Parcel: 334-20.09-37.00
  • Block: F
  • Lot: B
  • Municipality: DEWEY TO LEWES EAST OF CANAL
  • Latitude: 38.7058
  • Longitude: -75.0826

    Address

  • Full Address: 38242 Robinsons Dr
  • Address - House Number: 38242
  • Address - Street Name: Robinsons
  • Address - Suffix Type: Dr
  • State: DE
  • City Name: Rehoboth Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 2073
  • Zip Code: 19971

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $188,454
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.117
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 87
  • Final Value: 1,902,459
  • High Value: 2,126,143
  • Low Value: 1,678,774

    Market Valuation

  • Market Total Value: $42,900
  • Market Land Value: $13,500
  • Market Improvement Value: $29,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,450
  • Assessed Land Value: $6,750
  • Assessed Improvements Value: $14,700

    Sales

  • Current Sale Contract Date: Oct 04, 2013
  • Current Sale Recording Date: Oct 07, 2013
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 40223
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Sussex


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 112 Houston Street, DEWEY BEACH, DE, 19971

$3,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,000 ft²
112 Houston Street #B, DEWEY BEACH, DE, 19971 Listing by Corinne Redick
Unit for rent at 19805 Coastal Highway, REHOBOTH BEACH, DE, 19971

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,522 ft²
19805 Coastal Highway #311, REHOBOTH BEACH, DE, 19971 Listing by CARLA L.H. RIDDLE


Frequently Asked Questions

When was property at 38242 Robinsons Drive built and last sold?
The property at 38242 Robinsons Drive was built in and last sold on Oct 4, 2013 for $910,000.
How much is this home worth?
The estimated value of the home located at 38242 Robinsons Drive is $0.
What are some comparable homes to 38242 Robinsons Drive?
There are currently no comparable homes to 38242 Robinsons Drive.