Back 17 Lake Ave
Off Market

17 Lake Ave

Rehoboth Beach DE 19971

4
3
2
5000 sq. ft.
Single-Family
Last sold for $1,800,000
AVA CANNONAVA CANNON, last sold this property on 07 January 2021 after 53 days on market.

Overview

Oceanblock Rehoboth Beach home just 9 home sites from the Atlantic Ocean. Located across from iconic Lake Gerar and the playground, this 5 bedroom home features an expansive front sunroom/porch spanning entire wide of home with jalousie windows, easy care flooring, 2 ceiling fans, and wood ceilings. First floor features a living area with gas fireplace, bedroom with built-ins and large closet , galley kitchen with breakfast bar, laundry closet and full bathroom. Second floor has a master bedroom with full bath - and those irreplaceable ocean and lake views - and two other bedrooms with built-in cabinetry and full bath with tub. Rear garage first floor is used for storage and has mechanical room, two storage spaces and key pad access to rear. Second floor is an efficiency apartment with full kitchen and full bath with shower stall. Last year's GRI was $55,377 but that did not include owner block of three weeks, so could be north of $70K. This is truly a remarkable location where you can have the best of all worlds. Steps to the Atlantic Ocean, steps to the Rehoboth Beach boardwalk, steps to the tot lot, steps to Lake Gerar with its open areas & surrounding sidewalk, steps to downtown, and just around the corner from the Gordon's Pond State Park and trail.

Features

4 bedrooms
3 bathrooms
2 carspaces
5000 sq. ft. lot size
Single-Family

Estimated Value

Based on this property and similar 4 bedroom single-family properties sold in Rehoboth Beach over the last 12 months, the estimated median property value of 17 Lake Ave is $1.06m.

Median value
$1.06m
Estimated value range
$335k - $5.15m
Median days on market
29
Estimated value trend
-10%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Rehoboth Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 17 Lake Ave

2021
Sold
$1,800,000
07 Jan 2021 by AVA CANNON, of Jack Lingo - Rehoboth

Happy sellers in Rehoboth Beach

82%
82% of sellers in Rehoboth Beach reported that their sale price either exceeded or met their price expectations.

Rehoboth Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 26 reviews in Rehoboth Beach over the last 12 months.

Local market activity for 4 bedroom single-family properties in Rehoboth Beach

In the last 12 months, 96 four-bedroom single-family properties similar to 17 Lake Ave, have been sold.

This represents a 19% increase in four-bedroom single-family properties sales when compared to the previous 12 months.

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