38198 Terrace Rd is a 1,292 square foot house on a 6,551 square foot lot with 3 bedrooms and 5 bathrooms. Based on Redfin's Rehoboth Beach data, we estimate the home's value is $1,588,561.
Single-familyProperty Type
2003Year Built
6,551 sq ftLot Size
$1,230Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$1,588,561
$5,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 10.3% higher than the average sale price ($1.44M) of 5 comparable homes.
As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2026
$2,794 (−0.4%)
$402,100 + $304,900
$707,000
2025
$2,805 (+117.1%)
$402,100 + $304,900
$707,000
2024
$1,292
$402,100 + $304,900
$707,000
2023
$1,291 (+4.1%)
$5,500 + $24,400
$29,900
2022
$1,240 (−6.6%)
$5,500 + $24,400
$29,900
2021
$1,327 (+0.4%)
$5,500 + $24,400
$29,900
2020
$1,321 (+1.5%)
$5,500 + $24,400
$29,900
2019
$1,302 (+44.3%)
$5,500 + $24,400
$29,900
2018
$902 (−13.8%)
$5,500 + $24,150
$29,650
2017
$1,047 (+6.7%)
$5,500 + $24,150
$29,650
2016
$981 (−15.3%)
$5,500 + $24,150
$29,650
2014
$1,158
$5,500 + $24,150
$29,650
Tax history for 38198 Terrace Rd
Year
Property tax
Land + Additions
Assessment*
2026
$2,794 (−0.4%)
$402,100 + $304,900
$707,000
2025
$2,805 (+117.1%)
$402,100 + $304,900
$707,000
2024
$1,292
$402,100 + $304,900
$707,000
2023
$1,291 (+4.1%)
$5,500 + $24,400
$29,900
2022
$1,240 (−6.6%)
$5,500 + $24,400
$29,900
2021
$1,327 (+0.4%)
$5,500 + $24,400
$29,900
2020
$1,321 (+1.5%)
$5,500 + $24,400
$29,900
2019
$1,302 (+44.3%)
$5,500 + $24,400
$29,900
2018
$902 (−13.8%)
$5,500 + $24,150
$29,650
2017
$1,047 (+6.7%)
$5,500 + $24,150
$29,650
2016
$981 (−15.3%)
$5,500 + $24,150
$29,650
2014
$1,158
$5,500 + $24,150
$29,650
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
MR
Medium-Density Residential
The purpose of this district is to provide for medium-density residential development in areas which are or which are expected to become generally urban in character, but where sanitary sewers and public water supplies may or may not be available at the time of construction, together with such churches, recreational facilities and accessory uses as may be necessary or are normally compatible with residential surroundings. The district is located to protect existing development of this character and contains vacant land considered appropriate for such development in the future.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Religious facility
Housing-Single unit
Golf related
Park & open space
Property details
Interior
Bathroom Information
# of Bathroom Fixtures: 13
Heating & Cooling
Air Conditioning Type: Central
Heating Type: Forced Air
Fireplace Information
# of Fireplaces: 1
Has Fireplace
Room Information
# of Rooms: 7
Exterior
Exterior Information
Foundation Type: Masonry
Construction Type: Frame
Exterior Wall: Frame/Block
Roof Shape Type: Gable
Property Information
Subdivision Name: SILVER LAKE MANOR
Living Sq. Ft: 1,292
Building Sq. Ft: 1,292
# of Stories: 2
Stories Type: 2
Legal Description: SILVER LAKE MANOR LOT 10 BLK C
Lot Information
# of Buildings: 1
Land Sq. Ft: 6,551
Legal Lot Number: 10
Legal Block Number: C
School Tax District: CAPE HANLOPEN
Municipality Name: DEWEY TO LEWES EAST OF CANAL
Acres: 0.1504
Zoning Code: MR
County Use Description: SINGLE FAMILY DWELLING
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: 3
Baths: 5.0
Sq. Ft.: 1,292
Stories: 2.0
Lot Size: 6,551 square feet
Style: Single Family Residential
Year Built: 2003
Year Renovated: —
County: Sussex County
APN: 334-20.09-16.00
Home facts updated by county records on Aug 24, 2026
Around this home
Schools
Rehoboth Elementary School
Public K-5 • Assigned • 0.4mi
8/10
Beacon Middle School
Public 6-8 • Assigned • 3.6mi
7/10
Cape Henlopen High School
Public 9-12 • Assigned • 5.0mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
8/10 Heat Factor
7 days above 100° expected this year, 18 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Rehoboth Beach, DE • 19971
Average low and high temperatures (°F)
40
25
44
29
59
40
66
49
71
57
82
67
86
73
78
66
76
65
68
53
59
43
47
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 5.2 hours in December, which is comparable to the
U.S. average for solar exposure.
9.1 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.51M – $1.83M
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