About This Home
This 3-bedroom, 2-bathroom single family at 502 5TH Street in Rehoboth Beach, DE is listed for $399,900 ($275 per sqft). Built in 1980, the home offers 1,456 sqft of living space on a 0.23 acres lot.
Key Features
- Built in 1980
- 0.23 acre lot
- 4 parking spaces
- Fireplace
Property Details
Amenities
Don't miss this opportunity to own property east of Route 1 in Rehoboth Beach! This three-bedroom, one-and-a-half-bath ranch home offers excellent potential for renovation or redevelopment in a highly desirable location close to shopping, dining, and the beach.
The nearby Wolfe Neck Trail provides convenient access for walking or biking into both Lewes and Rehoboth Beach, making this location especially attractive for outdoor enthusiasts . For investors or builders, the property presents additional possibilities.
Subject to approvals, there is potential to re-establish the property line, remove the existing home, and construct two new homes-an excellent redevelopment opportunity in an area experiencing continued growth . There is no HOA, and the property is zoned to allow manufactured homes. Several newly constructed homes in the surrounding community are helping support increasing neighborhood value, making this an appealing option for homeowners, investors, or builders alike. The property is being sold AS IS.
Monthly Cost Estimate
$2,139/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
502 5TH Street
Rehoboth Beach, DE 19971
TRU VALE ACRES
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 3-bedroom, 2-bathroom single family at 502 5TH Street is listed at $399,900 ($275/sqft). The estimated monthly payment is $2,139 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1980, 0.23 acre lot, 4 parking spaces, Fireplace.
This property is listed by Jeffrey Fowler-Gray and can be reached at 3027273013.