NOT LISTED FOR SALE

One Virginia Avenue 1 Virginia Ave Unit 106 Rehoboth Beach, DE 19971

Estimated Value: $581,823 - $1,061,000

2 Beds
2 Baths
800 Sq Ft
$858/mo HOA Fee

Last Sold August 10, 2018

Last sale price $510,000 $638 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $5,576/month

Highlights

  • Ocean View
  • Beach
  • Sandy Beach
  • Rehoboth Elementary School Rated A
  • Access to Tidal Water
  • 4-minute walk to Lake Gerar Park

About This Home

As of August 2018

Oceanfront luxury condo building located in the heart of Rehoboth. Extensively renovated exterior offering lush landscaping, private in ground pool, secure parking, laundry facilities and secure building. Enjoy an evening stroll to one of the famous restaurants or shop at one of the boutiques. This ground level, tastefully furnished, remodeled condo offers 2 bedrooms, 2 baths, a sunny living room and kitchen with granite. Open your slider to hear the ocean. Second home or successful rental/investment. Front desk handles managing and booking your investment when you are not using it yourself, making this a no hassle, money making investment opportunity! New windows and sliding doors bring installed in 2018-2019; seller has paid the assessment!

Last Agent to Sell the Property

Eric Hoffer

(302) 313-9969 eric@erichofferhomes.com Coldwell Banker Realty Listed on: 02/09/2018

Coldwell Banker Realty

Last Buyer's Agent

JUDITH PROUSE

juprouse1@gmail.com Patterson-Schwartz-Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,388

Year Built

  • Built in 1974

Lot Details

  • Sandy Beach
  • Public Beach

HOA Fees

  • $858 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Entry on the 1st floor
  • Block Foundation
  • Rubber Roof
  • Masonry
  • Stucco

Interior Spaces

  • 800 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Insulated Doors
  • Home Security System

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • Private Parking
  • Parking Lot
  • Off-Street Parking
  • Parking Space Conveys
  • Assigned Parking
  • Secure Parking

Accessible Home Design

  • Accessible Elevator Installed
  • No Interior Steps
  • Entry Slope Less Than 1 Foot

Outdoor Features

  • In Ground Pool
  • Access to Tidal Water
  • Public Water Access
  • Property is near an ocean
  • Swimming Allowed
  • Lake Privileges
  • Patio

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 334-14.14-14.00-106

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, parking fee, pool(s), recreation facility, reserve funds, security gate, sewer, snow removal, trash, water
  • Low-Rise Condominium
  • One Virginia Ave Community
  • North Rehoboth Subdivision

Recreation

  • Beach
  • Community Pool

Additional Features

  • Laundry Facilities
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,388

Year Built

Built in 1974

Lot Details

0

HOA Fees

$858 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal, Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator, Entry Slope <1', Level Entry - Main, No Stairs
  • Ownership: Condominium
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 8

Interior Features

  • Appliances: Dishwasher, Disposal, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Oven - Self Cleaning
  • Entry Floor: 1
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Breakfast Area, Entry Level Bedroom, Ceiling Fan(s), Window Treatments
  • Window Features: Insulated, Screens
  • Fireplace: No
  • Door Features: Insulated
  • Foundation Details: Block
  • Floors In Unit Count: 1
  • Level Count: 8
  • Levels Count: 3+
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 800
  • Living Area Sq Ft: 800
  • Net Sq Ft: 800.00
  • Price Per Sq Ft: 656.25
  • Above Grade Finished Sq Ft: 800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Stucco
  • Construction Completed: Yes
  • Exterior Features: Sidewalks
  • Pool Features: In Ground
  • Roof: Rubber
  • View: Ocean
  • Water Access Features: Public Access, Public Beach, Swimming Allowed
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal, Yes - Community
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Assigned, Paved Driveway, Parking Space Conveys, Private, Secure Parking, Under Home Parking
  • Type Of Parking: Off Street, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Security: Main Entrance Lock, Security System, Sprinkler System - Indoor
  • Sewer/Septic System: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 10300.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Reserved/Assigned Parking, Beach, Elevator, Laundry Facilities, Pool - Outdoor, Swimming Pool, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Parking Fee, Pool(s), Recreation Facility, Reserve Funds, Security Gate, Sewer, Snow Removal, Trash, Water
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Patio(s)
  • Zoning: RESIDENTIAL
  • Zoning Description: GENERAL RESIDENTIAL
  • In City Limits: Yes

Building Info

  • Building Features: Elevator

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1388.00
  • Assessor Parcel Number: 334-14.14-14.00-106
  • County Tax Payment Frequency: Annually
  • Close Date: 08/10/2018

Multi Family

  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2018
Closed on
Aug 10, 2018
Sold by
Sessoms-Putz Vicki
Bought by
Henney David and Henney Ann
Seller's Agent
Eric Hoffer
Coldwell Banker Realty
Buyer's Agent
JUDITH PROUSE
Patterson-Schwartz-Rehoboth
List Price
$599,000
Sold Price
$510,000
Premium/Discount to List
-$89,000
-14.86%
Current Estimated Value
$859,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$349,206
Avg. Annual Appreciation
7.58%
Original Mortgage
$150,000
Outstanding Balance
$130,269
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$728,937

Purchase Details

Closed on
Oct 19, 1998
Bought by
Githens Carol Page
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Henney David $510,000 --
Githens Carol Page -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Henney David $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2018 08/10/18 Sold $510,000 -2.9% $638 / Sq Ft
07/02/2018 07/02/18 Pending -- -- --
05/09/2018 05/09/18 Price Changed $525,000 -7.1% $656 / Sq Ft
03/05/2018 03/05/18 Price Changed $565,000 -5.7% $706 / Sq Ft
02/09/2018 02/09/18 For Sale $599,000 -- $749 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,947 $21,600 $0 $21,600
2024 $1,176 $21,600 $0 $21,600
2023 $1,175 $21,600 $0 $21,600
2022 $1,134 $21,600 $0 $21,600
2021 $1,123 $21,600 $0 $21,600
2020 $1,120 $21,600 $0 $21,600
2019 $1,121 $21,600 $0 $21,600
2018 $1,047 $23,850 $0 $0
2017 $1,003 $23,850 $0 $0
2016 $953 $23,850 $0 $0
2015 $910 $23,850 $0 $0
2014 $904 $23,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2018

    Eric Hoffer

    Coldwell Banker Realty

    (302) 313-9969

    2 in this area

    14 Total Sales

    Eric Hoffer
    Section Image

  • J

    Buyer's Agent in 2018

    JUDITH PROUSE

    Patterson Schwartz

See All Agents

About One Virginia Avenue

Map

Source: Bright MLS

MLS Number: 1001570244

Bright MLS

APN: 334-14.14-14.00-106

Delaware Sussex County Rehoboth Beach 19971

1 Virginia Ave Unit 106, Rehoboth Beach, DE

This home is located at 1 Virginia Ave Unit 106, Rehoboth Beach, DE 19971 since 09 February 2018 and is currently estimated at $859,206, approximately $1,074 per square foot. This property was built in 1974. 1 Virginia Ave Unit 106 is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

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