Patterson-Schwartz Real Estate38180 Terrace Road, Rehoboth Beach, DE 19971 $2,550,000
With Pending Contract
Interior Sq. Ft: 1,600
Acreage: 0.32
Age:49 years
Style:
Ranch/Rambler
Subdivision: Silver Lake Manor
Design/Type:
Detached
Description
2 Lots just outside town limits just 2.5 blocks from the iconic Boardwalk and the shimmering Atlantic Ocean. build two homes and share the pool. , The existing Cottage is a charming classic is nestled on not one, but two spacious lots in the desirable Silver Lake Manor neighborhood. A true retreat that combines the convenience of downtown Rehoboth with a sense of serene privacy. Step inside this picturesque home and prepare to be captivated. Boasting alluring Cottage Chic upgrades, including gleaming stainless steel appliances, stunning Carrera marble countertops, farm sink, upgraded cabinetry, and a generously sized, 19x23 screened porch for outdoor living, every aspect has been meticulously designed to offer both style and comfort. The striking property itself presents an enticing opportunity for local high-end builders, while at the same time, it should not be underestimated as a hidden gem in its own right. With a full basement for additional space and storage, a large heated pool adorned by gas torches with fenced yard ensuring privacy and security, and a delicate touch of original knotty pine, this well-cared-for home offers the epitome of comfortable living. Although it has never been rented before, the potential for this exquisite property to generate over $100K per season is evident, making it an exceptional investment opportunity. But for now, take a moment to unwind on the charming back deck and savor the breathtaking sunsets with a refreshing beverage in hand. Let the cares of the day melt away as you embrace the truly endless beauty that surrounds you.
Additional Bedroom: Main
Dining Room: Main
Additional Bedroom: Main
Family Room: Main
Other: SCR DECK - Main
Living Room: Main
Laundry: Main
Additional Bedroom: Basement - Lower 2
Condo Assoc: No
Basement: Y
Pool: Yes - Personal
Features
Water
Water Oriented: Yes; Water Front: No; Water Access: No; Water Body Name: Atlantic; Water Body Type: Ocean; Navigable: No;
Utilities
Forced Air Heating, Heat Pump(s), Oil, Propane - Leased, Attic Fan, Central A/C, HRV/ERV, Electric, Other, Hot Water - Electric, Public Water, Public Sewer, 200+ Amp Service, 220 Volts, Main Floor Laundry, Cable TV, Utilities - Phone, Propane
Garage/Parking
Attached Garage, Driveway, Off Street, Garage Door Opener, Surface Parking, Attached Garage Spaces #: 1;
Interior
Attic, Breakfast Area, Combination Kitchen/Dining, Combination Kitchen/Living, Kitchen - Country, Full Basement, Basement Sump Pump, Hardwood Flooring, Tile/Brick Flooring, Gas/Propane Fireplace, Insulated Windows, Window Screens, Insulated Doors, Storm Doors
Exterior
Block Foundation, Architectural Shingle Roof, Asbestos Shingle Roof, Stick Built Exterior, Vinyl Siding, Deck(s), Enclosed Porch/Deck, Porch(es), Screened Porch/Deck, Hot Tub, Lawn Sprinkler, Outside Shower, Heated Pool, In Ground Pool, Concrete Pool, Gunite Pool
Lot
Landscaping, Subdivision Possible, Partly Wooded Lot, Downtown, Street View, Fully Fenced, Black Top Road
Select a school from the following list. Schools are grouped by school type.
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Public Elementary (1 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Rehoboth Elementary School | Cape Henlopen School District | K–5 | Rehoboth Beach | 0.32 mi |
Public Middle (1 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Beacon Middle School | Cape Henlopen School District | 6–8 | Lewes | 3.54 mi |
© 2023 LiveBy. All Rights Reserved.
This report is a detailed community overview for Rehoboth Beach (19971), Delaware.
Community Quick Facts
- Average travel time to work for people in this community: 22
- Average salary of people in this community: $77,942
Community Summary
- Population Density (ppl / mile): 501
- Household Size (ppl): 1.92
- Households w/ Children: 12%
Housing Inventory
- Owned: 6,346 (37.1%)
- Rented: 899 (5.3%)
- Vacant: 9,875 (57.7%)
- Total: 17,120
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 1.6%
- Some High School: 2.2%
- High School Graduate: 22.6%
- Some College: 15.3%
- Associate Degree: 7.3%
- Bachelor's Degree: 29.1%
- Graduate Degree: 21.9%
Income by dollar range
Median Income: $75,846
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- One Bedroom: $1,063
- Two Bedroom: $1,178
- Three Bedroom: $1,724
- Four Bedroom: $2,611
© 2023 LiveBy. All Rights Reserved.
Contact Information
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Listing Courtesy of: Dave McCarthy & Associates, Inc. , (302) 426-2080
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 9/29/2023.
