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.
Sold for $1,575,000
$1,575,000
503 School Ln, Rehoboth Beach, DE 19971
4beds
3,000sqft
Single Family Residence
Built in 1997
0.59 Acres Lot
$1,936,300 Zestimate®
$525/sqft
$3,392 Estimated rent
Home value
$1,936,300
$1.74M - $2.19M
$3,392/mo
Zestimate® history
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: April 30, 2023 at 06:45am
Listed by:
Debbie Reed 302-227-3818,
RE/MAX Realty Group Rehoboth,
Listing Team: The Debbie Reed Team, Co-Listing Team: The Debbie Reed Team,Co-Listing Agent: Melissa Thoroughgood 302-227-4800,
RE/MAX Realty Group Rehoboth
Bought with:
Joe Maggio, RA-0020900
Keller Williams Realty
Source: Bright MLS,MLS#: DESU2035582
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Basement
- Area: 0
Heating
- Baseboard, Heat Pump, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Oven/Range - Electric, Built-In Range, Refrigerator, Dishwasher, Microwave, Washer, Dryer, Water Heater, Electric Water Heater
Features
- Entry Level Bedroom, Formal/Separate Dining Room, Eat-in Kitchen, Ceiling Fan(s)
- Flooring: Carpet, Wood
- Basement: Unfinished
- Number of fireplaces: 1
- Fireplace features: Gas/Propane
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
- Finished area above ground: 3,000
- Finished area below ground: 0
Property
Parking
- Total spaces: 7
- Parking features: Garage Faces Rear, Detached, Driveway
- Garage spaces: 3
- Uncovered spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake
- Frontage length: Water Frontage Ft: 35
Lot
- Size: 0.59 Acres
- Dimensions: 100.00 x 259.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 33420.058.00
- Zoning: TN
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1997
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Rehoboth Beach
- Subdivision: Schoolvue
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 4/28/2023 | Sold | $1,575,000-8.8%$525/sqft |
Source:  Bright MLS #DESU2035582 Report a problem | ||
| 3/21/2023 | Pending sale | $1,727,000$576/sqft |
Source: Bright MLS #DESU2035582 Report a problem | ||
| 3/19/2023 | Contingent | $1,727,000$576/sqft |
Source: Bright MLS #DESU2035582 Report a problem | ||
| 3/19/2023 | Listed for sale | $1,727,000$576/sqft |
Source: Bright MLS #DESU2035582 Report a problem | ||
| 3/8/2023 | Pending sale | $1,727,000$576/sqft |
Source:  RE/MAX International #DESU2035582 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,154 +0.1% | $43,700 |
| 2023 | $2,152 +36.5% | $43,700 |
| 2022 | $1,577 -4.9% | $43,700 |
Find assessor info on the county website
Neighborhood: 19971
Nearby schools
GreatSchools rating
- 8/10Rehoboth Elementary SchoolGrades: K-5Distance: 0.1 mi
- 7/10Beacon Middle SchoolGrades: 6-8Distance: 3.3 mi
- 8/10Cape Henlopen High SchoolGrades: 9-12Distance: 4.7 mi
Schools provided by the listing agent
- District: Cape Henlopen
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$1,936,300
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With Zillow Showcase(estimated)
$1,975,026
- Delaware
- Sussex County
- Rehoboth Beach
- 19971
- 503 School Ln