NOT LISTED FOR SALE

One Virginia Avenue 1 Virginia Ave Unit 211 Rehoboth Beach, DE 19971

Estimated Value: $525,056 - $777,000

1 Bed
1 Bath
540 Sq Ft
$538/mo HOA Fee

Last Sold March 16, 2018

Last sale price $375,000 $694 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $4,431/month

267 Days on Market

Highlights

  • Ocean View
  • Private Pool
  • Elevator
  • Rehoboth Elementary School Rated A
  • Waterfront
  • 4-minute walk to Lake Gerar Park

About This Home

As of March 2018

OCEANFRONT! Take in amazing sunrises and direct ocean views from this 2nd floor efficiency unit, with a north side balcony just off of the living area - directly above the boardwalk. Steps away from sun, sand and outdoor pool! Well kept unit could be an excellent rental, or beach getaway. Elevator building with secured parking and on-site management office.

Last Agent to Sell the Property

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 06/01/2017

Jack Lingo - Rehoboth

Co-Listed By

Cheryl Lynn Crowe

(302) 745-9915 cheryl@jacklingo.com Jack Lingo - Rehoboth License #RS-0020914

Last Buyer's Agent

Bill Mann

(302) 542-1696 Bill@MannAndSons.com Mann & Sons, Inc. License #RB-0020454

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $746

Year Built

  • Built in 1974

HOA Fees

  • $538 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Flat Roof Shape
  • Masonry
  • Stucco

Interior Spaces

  • 1 Full Bathroom
  • 540 Sq Ft Home
  • Property has 1 Level
  • Partially Furnished
  • Ceiling Fan
  • Insulated Windows
  • Insulated Doors

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Home Security

Parking

  • 1 Parking Space Included
  • Covered Parking
  • Assigned Parking

Outdoor Features

  • Private Pool
  • Water Access
  • Property is near an ocean
  • Balcony

Additional Features

  • Waterfront
  • Flood Risk
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-14.00-211

Community Details

Overview

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

Amenities

  • Elevator

Security

  • Storm Windows
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$746

Year Built

Built in 1974

Lot Details

0

HOA Fees

$538 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Partially Furnished
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1974
  • Remarks Public: OCEANFRONT! Take in amazing sunrises and direct ocean views from this 2nd floor efficiency unit, with a north side balcony just off of the living area - directly above the boardwalk. Steps away from sun, sand and outdoor pool! Well kept unit could be an excellent rental, or beach getaway. Elevator building with secured parking and on-site management office.
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Oven/Range - Electric, Refrigerator
  • Entry Floor: 2
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Ceiling Fan(s)
  • Window Features: Insulated, Storm
  • Fireplace: No
  • Door Features: Insulated, Storm
  • Foundation Details: Other
  • Floors In Unit Count: 1
  • Level Count: 1
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 540
  • Living Area Sq Ft: 540
  • Net Sq Ft: 540.00
  • Price Per Sq Ft: 750.00
  • Above Grade Finished Sq Ft: 540
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1

Beds/Baths

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Concrete, Stucco
  • Construction Completed: Yes
  • Roof: Flat
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 1
  • Parking Features: Assigned
  • Garage Features: Covered Parking
  • Number Of Parking Spaces Included: 1-Car Parking

Utilities

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

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 6452.00
  • HOA: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony
  • Zoning Description: TOWN CODES
  • In City Limits: Yes

Building Info

  • Building Features: Elevator

Rental Info

  • Furnished: Partially
  • Vacation Rental: Yes

Tax Info

  • Tax Annual Amount: 746.00
  • Assessor Parcel Number: 334-14.14-14.00-211
  • County Tax Payment Frequency: Annually
  • Close Date: 03/16/2018

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2017
Closed on
Mar 16, 2018
Sold by
Hayes Thomas E
Bought by
Graham James H and Graham Ellen W
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Bill Mann
Mann & Sons, Inc.
List Price
$449,000
Sold Price
$375,000
Premium/Discount to List
-$74,000
-16.48%
Current Estimated Value
$712,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$337,514
Avg. Annual Appreciation
8.26%

Purchase Details

Closed on
Jul 14, 2000
Bought by
Hayes Thomas E Sharon Kerr Mcfee
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Graham James H $375,000 --
Hayes Thomas E Sharon Kerr Mcfee $200,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2018 03/16/18 Sold $375,000 -7.4% $694 / Sq Ft
02/23/2018 02/23/18 Pending -- -- --
02/08/2018 02/08/18 Price Changed $405,000 -4.5% $750 / Sq Ft
10/25/2017 10/25/17 Price Changed $424,000 -5.6% $785 / Sq Ft
06/01/2017 06/01/17 For Sale $449,000 -- $831 / 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 $1,387 $13,050 $0 $13,050
2024 $710 $13,050 $0 $13,050
2023 $709 $13,050 $0 $13,050
2022 $684 $13,050 $0 $13,050
2021 $678 $13,050 $0 $13,050
2020 $676 $13,050 $0 $13,050
2019 $677 $13,050 $0 $13,050
2018 $632 $14,400 $0 $0
2017 $606 $14,400 $0 $0
2016 $575 $14,400 $0 $0
2015 $550 $14,400 $0 $0
2014 $546 $14,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bryce Lingo

    Seller's Agent in 2018

    Bryce Lingo

    Jack Lingo - Rehoboth

    (302) 226-6417

    184 in this area

    345 Total Sales

    Bryce Lingo
    Section Image
  • Cheryl Lynn Crowe

    Seller Co-Listing Agent in 2018

    Cheryl Lynn Crowe

    Jack Lingo - Rehoboth

    (302) 745-9915

    12 in this area

    23 Total Sales

    Cheryl Lynn Crowe
    Section Image
  • Bill Mann

    Buyer's Agent in 2018

    Bill Mann

    Mann & Sons, Inc.

    (302) 542-1696

    1 in this area

    3 Total Sales

    Bill Mann
    Section Image
See All Agents

About One Virginia Avenue

Map

Source: Bright MLS

MLS Number: 1001029454

Bright MLS

APN: 334-14.14-14.00-211

Delaware Sussex County Rehoboth Beach 19971

1 Virginia Ave Unit 211, Rehoboth Beach, DE

This home is located at 1 Virginia Ave Unit 211, Rehoboth Beach, DE 19971 since 01 June 2017 and is currently estimated at $712,514, approximately $1,319 per square foot. This property was built in 1974. 1 Virginia Ave Unit 211 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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