38242 Robinsons Drive

Rehoboth Beach, DE 19971

$1,695,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

POSSIBLE OWNER FINANCING at below market rate, interest only for 5 years for qualified buyers. Get ahead of the rate decline, then refinance. Rare opportunity to own a Move-in-Ready income generating beach home in Rehoboth Beach! 38242 Robinsons Drive is east of Coastal Highway, steps to Silver Lake and only three blocks to the Ocean Beaches. Situated in the coastal community of 'Dodds Addition' just outside Rehoboth Beach city limits this home is a rare find that currently features TWO (2) rentable...POSSIBLE OWNER FINANCING at below market rate, interest only for 5 years for qualified buyers. Get ahead of the rate decline, then refinance. Rare opportunity to own a Move-in-Ready income generating beach home in Rehoboth Beach! 38242 Robinsons Drive is east of Coastal Highway, steps to Silver Lake and only three blocks to the Ocean Beaches. Situated in the coastal community of 'Dodds Addition' just outside Rehoboth Beach city limits this home is a rare find that currently features TWO (2) rentable units, each with 2 BRs generating over $60,000 in rental income annually. Rent both units, or take advantage of the unique layout to live in one and rent the other, or EASILY CONVERT both units into one single family residence by simply cutting a door into the stairwell! Whether looking for an investment property or your own coastal oasis, the options are endless... Step into the first level unit to find an open floorplan, with living/dining combination, an upgraded kitchen as well as primary bedroom with bath and a covered screened porch and open sundeck. The lower level is accessible from the first floor unit and also features a large bedroom and storage. Upstairs via a separate entrance is a two bedroom home with open kitchen & living space, full bath and also has access to another charming second story screened porch. Both porches overlook a beautifully landscaped yard. Easy to open the stairwell wall to combine the units. Spend your days on the sand and rinse off in one of the two custom outdoor showers prior to popping into town for a night out. Easily accessible to downtown via the Silver Lake Bridge and also only two blocks from Coastal Highway, you can live conveniently near the beach. Don't miss this rare opportunity!
  1. Listed by RANDY MASON • Jack Lingo - Rehoboth
    P: 3022361142 randy@randymason.net
  2. Listed by Zane Daniel Jones • Jack Lingo - Rehoboth
    P: 3024707669 zanejonesrealestate@gmail.com

Property Details for 38242 Robinsons Drive

Tax ID Number
334-20.09-37.00
Ownership
Fee Simple
Structure Type
Detached
Style
Coastal
Waterfront
No
Garage
No
Subdivision
DODDS ADDITION
Subdivision
DODDS ADDITION (SUSSEX DE)

Location

Listing Courtesy of Jack Lingo - Rehoboth
Add your commute
LISTING UPDATED: 06/09/2024 10:24 AM

Property Details for 38242 Robinsons Drive

StatusActive
MLS #DESU2062626
Days on Market33
Taxes$1,885 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1980
Lot Size0.14 AC / 6,098 SF
CountySussex County

Location

Listing Courtesy of Jack Lingo - Rehoboth
Add your commute

Building Information for 38242 Robinsons Drive

Stories-Residences2Year Built1980Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$9,407 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,250

Property Taxes

$157

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 38242 Robinsons Drive

Location
Location
  • In City Limits: No
  • School District Name: CAPE HENLOPEN
  • School District County ID: 300200396895
  • SchoolDistrictSource: Listing Agent
  • County: SUSSEX
  • MLS Area: Lewes Rehoboth Hundred (31009)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Municipal Trash: No
  • Zoning: GR
  • Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 0
  • Units Furnished: All
Financial Information
Financial Information
  • Annual Rental Income: $60,000
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: .00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 76.00 x 84.00
  • Lot Dimensions Source: Estimated
  • Parcel ID: 5203218
Parking
Parking
  • Type Of Parking: Driveway, Off Site
  • Driveway - # of Spaces: 2
  • Off Site - # of Spaces: 2
Interior Features
Interior Features
  • Interior Features: Combination Dining/Living, Combination Kitchen/Living, Kitchen - Efficiency, Upgraded Countertops, Pantry, Skylight(s)
  • Fireplace: No
  • Appliances: Oven/Range - Electric, Range Hood, Refrigerator, Extra Refrigerator/Freezer, Icemaker, Microwave, Dishwasher, Washer, Dryer, Water Heater
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Exterior Features: Extensive Hardscape, Flood Lights, Outside Shower
  • Outdoor Living Structures: Screened, Porch(es)
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Sussex County Association of REALTORS (DE)

Property History for 38242 Robinsons Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 38242 Robinsons Drive

Taxable ValueLand$6,750Additions$14,700Total$21,450
Tax Record2023$1,885 ($157 / month)
Home Facts
Beds0Lot Size6,386 SqFtStyleSingle Family ResidenceZoningMRCountySUSSEXAPN334-20.09-37.00

Schools near 38242 Robinsons Drive

This home is within Cape Henlopen School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Rehoboth Elementary School
PublicK to 5

Mariner Middle School
Public6 to 8

Cape Henlopen High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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38242 Robinsons Drive is a multi-family home for sale in Rehoboth Beach, DE 19971. This property was listed for sale on May 16, 2024 by Jack Lingo - Rehoboth, it's currently listed at $1,695,000. It has been on the market for a total of 33 days and was last sold on October 4, 2013. This listing's school district is Cape Henlopen School District. Nearby schools include Rehoboth Elementary School, Mariner Middle School and Cape Henlopen High School. 38242 Robinsons Drive is a 0-bed, 0-bath, multi-family home built in 1980.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Jack Lingo - Rehoboth

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.