NOT LISTED FOR SALE

One Virginia Avenue 1 Virginia Ave Unit 204 Rehoboth Beach, DE 19971

Estimated Value: $563,698 - $916,000

2 Beds
1 Bath
712 Sq Ft
$644/mo HOA Fee

Last Sold December 28, 2018

Last sale price $500,000 $702 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,953/month

949 Days on Market

Highlights

  • Ocean View
  • Home fronts navigable water
  • Contemporary Architecture
  • Rehoboth Elementary School Rated A
  • Water Access
  • 4-minute walk to Lake Gerar Park

About This Home

As of December 2018

2 bedroom, 1 bath unit. Remodeled kitchen. On-site management, pool, laundry, and key secured parking. Ocean front building. Step out to the beach and boardwalk. Condo fees include heat, hot water, wifi, long term reserve, and air conditioning.

Last Agent to Sell the Property

JUDITH PROUSE

Patterson-Schwartz-Rehoboth Listed on: 03/29/2016

Last Buyer's Agent

Kim Gundy

Long & Foster Real Estate, Inc. License #RS-0023969

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $867

Year Built

  • Built in 1974

Lot Details

  • Home fronts navigable water

HOA Fees

  • $644 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Block Foundation
  • Rubber Roof
  • Masonry
  • Stucco

Interior Spaces

  • 712 Sq Ft Home
  • Property has 1 Level
  • Furnished

Kitchen

  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Water Access
  • Property is near an ocean

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Hot Water Heating System

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-14.00-204

Community Details

Overview

  • Low-Rise Condominium
  • One Virginia Ave Community
  • North Rehoboth Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$867

Year Built

Built in 1974

Lot Details

0

HOA Fees

$644 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1974
  • Remarks Public: 2 bedroom, 1 bath unit. Remodeled kitchen. On-site management, pool, laundry, and key secured parking. Ocean front building. Step out to the beach and boardwalk. Condo fees include heat, hot water, wifi, long term reserve, and air conditioning.
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Exhaust Fan, Microwave, Oven/Range - Electric, Range Hood, Refrigerator
  • Entry Floor: 2
  • Flooring Type: Carpet, Vinyl
  • Fireplace: No
  • Foundation Details: Block
  • Level Count: 1
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 712
  • Living Area Sq Ft: 712
  • Net Sq Ft: 712.00
  • Price Per Sq Ft: 716.29
  • Above Grade Finished Sq Ft: 712
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Stucco
  • Construction Completed: Yes
  • Roof: Flat, Rubber
  • View: Ocean
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Hot Water
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 7728.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Swimming Pool
  • 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
  • Zoning: TC
  • Zoning Description: TOWN CODES
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 19000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5195972
  • Tax Annual Amount: 867.00
  • Assessor Parcel Number: 334-14.14-14.00-204
  • County Tax Payment Frequency: Annually
  • Close Date: 12/28/2018

Multi Family

  • Income Expense List: Total Tax Bill

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2016
Closed on
Dec 28, 2018
Sold by
Bell Shirley A
Bought by
Huhn Christopher C and Huhn Colleen M
Seller's Agent
JUDITH PROUSE
Patterson-Schwartz-Rehoboth
Buyer's Agent
Kim Gundy
Long & Foster Real Estate, Inc.
List Price
$510,000
Sold Price
$500,000
Premium/Discount to List
-$10,000
-1.96%
Current Estimated Value
$760,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,175
Avg. Annual Appreciation
7.42%
Original Mortgage
$450,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 1992
Bought by
Bell Charles R Shirley A Bell
Source: Public Records

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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
Huhn Christopher C $500,000 --
Bell Charles R Shirley A Bell $7,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huhn Christopher C $446,000
Closed Huhn Christopher C $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2018 12/28/18 Sold $500,000 -2.0% $702 / Sq Ft
11/03/2018 11/03/18 Pending -- -- --
09/27/2018 09/27/18 For Sale $510,000 0.0% $716 / Sq Ft
08/13/2018 08/13/18 Price Changed $510,000 -2.9% $716 / Sq Ft
03/29/2016 03/29/16 For Sale $525,000 -- $737 / 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
2024 $892 $16,400 $0 $16,400
2023 $891 $16,400 $0 $16,400
2022 $860 $16,400 $0 $16,400
2021 $852 $16,400 $0 $16,400
2020 $850 $16,400 $0 $16,400
2019 $851 $16,400 $0 $16,400
2018 $795 $18,100 $0 $0
2017 $761 $18,100 $0 $0
2016 $723 $18,100 $0 $0
2015 $691 $18,100 $0 $0
2014 $686 $18,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    JUDITH PROUSE

    Patterson Schwartz

  • K

    Buyer's Agent in 2018

    Kim Gundy

    Long & Foster

    (302) 539-9040

    19 Total Sales

    Kim Gundy
    Section Image
See All Agents

About One Virginia Avenue

Map

Source: Bright MLS

MLS Number: 1001565958

Bright MLS

APN: 334-14.14-14.00-204

Delaware Sussex County Rehoboth Beach 19971

1 Virginia Ave Unit 204, Rehoboth Beach, DE

This home is located at 1 Virginia Ave Unit 204, Rehoboth Beach, DE 19971 since 29 March 2016 and is currently estimated at $760,175, approximately $1,067 per square foot. This property was built in 1974. 1 Virginia Ave Unit 204 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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