505 School Lane

Rehoboth Beach, DE
$ 1,300,000 Beds 6 Baths 4 Sq 2,400 Virtual Tour
Monthly Estimate* How much can I afford?

Double lot! Perfect location just 4 blocks to the beach, this large 100ft x 256ft parcel provides many options including subdivision, both lots would accommodate a large house with a pool. Build your dream beach home or simply enjoy this fantastic coastal retreat offering plenty of room for family and friends with a huge finished basement! Featuring an open concept floor plan in the great room with ceramic tile floors and beautifully updated kitchen with a center island, gorgeous white cabinetry, tile backsplash, and stainless steel appliances. Just off the great room is another living area full of coastal charm with knotty pine wood walls, hardwood flooring, and a cozy wood burning fireplace. The main floor has 4 bedrooms, 3 full baths and downstairs there is another large family room, 2 bedrooms, and a full bathroom. The outdoor living areas provide the perfect oasis for rest and relaxation with a large screened porch, sun deck, and hot tub. Nestled among mature trees, you can have the best of both worlds being tucked away in a quiet neighborhood yet just a short walk into town to enjoy some of the area?s best restaurants, boutique shops, and boardwalk.

Pending

  • Price
  • $ 1,300,000
  • Lot Size
  • 0.58 Acres
  • Bedrooms
  • 6
  • Sqr Footage
  • 2,400
  • Full Bathrooms
  • 4
  • Year Built
  • 1958
  • Half Bathrooms
  • 0
  • City, Zip
  • Rehoboth Beach
  • Taxes
  • 2060
  • County
  • SUSSEX
  • Style
  • Coastal
  • Area
  • Lewes Rehoboth Hundred
  • MLS#
  • DESU166364
  • Zip
  • 19971
Listing Provided by: Long & Foster Real Estate, Inc.

Features

General

Acceptable Financing Cash, Conventional
Accessibility Level Entry - Main
Appliances Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
Architectural Style Coastal
Association Y/N No
Building Name NONE AVAILABLE
Condo/Coop Association Y/N No
Construction Materials Frame, Stick Built
Cool Fuel Electric
Cooling Central A/C
County SUSSEX
Exclusions See attached exclusion list
Exterior Features Hot Tub, Outside Shower, Secure Storage
Flooring Hardwood, Ceramic Tile, Carpet
Garage Y/N No
Heating Heat Pump(s)
High School District CAPE HENLOPEN
Interior Features Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Crown Moldings, Entry Level Bedroom, Floor Plan - Open, Kitchen - Island, Primary Bath(s)
Legal Subdivision Schoolvue
Levels 2
MLS Area Lewes Rehoboth Hundred (31009)
New Construction No
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Patio/Porch Features Deck(s), Porch(es), Screened
Possession Settlement
Price Per Sq Ft 541.67
Property Type Residential
Real Estate Owned Y/N No
Senior Community Y/N No
Sewer Public Sewer
Structure Type Detached
Subdivision Name SCHOOLVUE
Sussex DE Quadrants East of Rt 1
Tax Year 2020
Vacation Rental Y/N No
Water Access Y/N No
Zoning TN

Interior Features

Above Grade Finished Area 2400
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Basement Daylight, Full, Fully Finished, Heated
Basement Y/N Yes
Bathrooms Count All Lower Levels 1
Bathrooms Count Lower Level 1 1.00
Bathrooms Count Main Level 3.00
Bathrooms Full All Lower Levels 1
Bathrooms Full Lower Level 1 1
Bathrooms Full Main Level 3
Bedrooms Count All Lower Levels 2
Bedrooms Count Lower Level 1 2
Below Grade Finished Area Source Assessor
Below Grade Finished Area Unit Type Square Feet
Below Grade Unfin Area Units Square Feet
Below Grade Unfin Sqft Source Assessor
Central Air Y/N Yes
Fireplace Features Brick, Wood
Fireplace Y/N Yes
Full Baths 4
Heating Fuel Electric, Propane - Owned
Heating Y/N Yes
Hot Water Electric
Living Area 2400
Main Level Bedrooms 4
Room Type Living Room, Family Room, Great Room
Total Baths 4
Total Bedrooms 6
Total Fireplaces 1

Exterior Features

Lot Dimensions 100.00 x 256.00
Lot Size Acres 0.58
Lot Size Source Assessor
Lot Size Square Feet 25265.00
Navigable Water Y/N No
Pool Y/N No Pool
Total Parking Spaces 3
Type of Parking Driveway
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Hillsborough, NJ office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/14/2020 Listed $1,300,000

Property vs Zip Code Average in 19971

Price
AVG $790K
$1.3M
Taxes
AVG $1,423
$2,060
Visits
AVG 38
40
Year Built
AVG 2000
1958
Walkscore
AVG 37
32
Data Provided by Walkscore ® not using MLS data

Map

505 School Lane Rehoboth Beach, DE is a Single Family Home for sale at $1300000 with 2400 sqft and a lot size of 0.58 Acres Acre(s). 505 School Lane Rehoboth Beach has 6 bedrooms, 4 baths and was built in 1958. The property's zip code is 19971 which is in Rehoboth Beach, DE

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site 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.