NOT LISTED FOR SALE

One Virginia Avenue 1 Virginia Ave Unit 301 Rehoboth Beach, DE 19971

Estimated Value: $730,850 - $902,000

2 Beds
1 Bath
-- Sq Ft
$686/mo HOA Fee

Last Sold December 12, 2018

Last sale price $545,000

Est. 54% increase in value since last sale

Current estimated payment $5,256/month

Highlights

  • Ocean View
  • Contemporary Architecture
  • Walk-in Shower
  • Rehoboth Elementary School Rated A
  • Community Pool
  • 4-minute walk to Lake Gerar Park

About This Home

As of December 2018

Beautiful 2 bedroom, 1 bath condo in Rehoboth's premier building. Completely remodeled in 2018. Custom cabinets, granite countertops, built-in wine cooler, custom tiled walk-in shower. Pool, wifi, key-secured parking, laundry on-site. Beach storage cage.

Last Agent to Sell the Property

JUDITH PROUSE

juprouse1@gmail.com Patterson-Schwartz-Rehoboth Listed on: 08/14/2018

Last Buyer's Agent

Tracy Kelley

(302) 227-3883 tracy@jacklingo.com Jack Lingo - Rehoboth License #RA-0031023

Jack Lingo - Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $967

Year Built

  • Built in 1974

HOA Fees

  • $686 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Stucco

Interior Spaces

  • Property has 1 Level

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom
  • Walk-in Shower

Utilities

  • Heating Available
  • 100 Amp Service

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Listing and Financial Details

  • Tax Lot -301
  • Assessor Parcel Number 334-14.14-14.00-301

Community Details

Overview

  • Association fees include air conditioning, heat, water
  • Mid-Rise Condominium
  • One Virginia Ave Community

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$967

Year Built

Built in 1974

Lot Details

0

HOA Fees

$686 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1974
  • Remarks Public: Beautiful 2 bedroom, 1 bath condo in Rehoboth's premier building. Completely remodeled in 2018. Custom cabinets, granite countertops, built-in wine cooler, custom tiled walk-in shower. Pool, wifi, key-secured parking, laundry on-site. Beach storage cage.
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Refrigerator
  • Interior Amenities: Flat, Stall Shower
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • 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, Below Grade
  • Construction Materials: Concrete, Stucco
  • Exterior Features: Sidewalks, Street Lights
  • View: Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Under Home Parking

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Electric
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 8232.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Fee Includes: Air Conditioning, Heat, Water
  • HOA: No
  • Senior Community: No
  • Community Pool Features: In Ground, Permits

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Units: Square Feet
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5195986
  • School Tax: 699.00
  • Tax Annual Amount: 967.00
  • Assessor Parcel Number: 334-14.14-14.00-301
  • Tax Lot: -301
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 12/12/2018

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2018
Closed on
Dec 3, 2018
Sold by
Kenney Gary K and Kenney Renee M
Bought by
Biesty David and Biesty Kathleen
Seller's Agent
JUDITH PROUSE
Patterson-Schwartz-Rehoboth
Buyer's Agent
Tracy Kelley
Jack Lingo - Rehoboth
List Price
$579,000
Sold Price
$545,000
Premium/Discount to List
-$34,000
-5.87%
Current Estimated Value
$836,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,713
Avg. Annual Appreciation
6.51%
Original Mortgage
$150,000
Outstanding Balance
$95,803
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$740,910

Purchase Details

Listed on
Oct 28, 2015
Closed on
May 20, 2016
Sold by
Vanhelden Kathryn P and Vanhelden Van Helden
Bought by
Kenney Gary K and Kenney Renee M
Seller's Agent
JUDITH PROUSE
Patterson-Schwartz-Rehoboth
Buyer's Agent
Sally LAUX
Keller Williams Realty
List Price
$549,000
Sold Price
$490,000
Premium/Discount to List
-$59,000
-10.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.24%
Original Mortgage
$367,500
Interest Rate
3.59%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Biesty David $545,000 --
Kenney Gary K $490,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Biesty David $150,000
Previous Owner Kenney Gary K $367,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2018 12/12/18 Sold $545,000 -5.9% --
10/10/2018 10/10/18 Pending -- -- --
08/14/2018 08/14/18 For Sale $579,000 +18.2% --
05/23/2016 05/23/16 Sold $490,000 -10.7% $688 / Sq Ft
04/19/2016 04/19/16 Pending -- -- --
10/28/2015 10/28/15 For Sale $549,000 -- $771 / 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 $1,609 $16,850 $0 $16,850
2024 $917 $16,850 $0 $16,850
2023 $916 $16,850 $0 $16,850
2022 $884 $16,850 $0 $16,850
2021 $876 $16,850 $0 $16,850
2020 $873 $16,850 $0 $16,850
2019 $875 $16,850 $0 $16,850
2018 $817 $18,600 $0 $0
2017 $782 $18,600 $0 $0
2016 $743 $18,600 $0 $0
2015 $710 $18,600 $0 $0
2014 $705 $18,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    JUDITH PROUSE

    Patterson Schwartz

  • Tracy Kelley

    Buyer's Agent in 2018

    Tracy Kelley

    Jack Lingo - Rehoboth

    (302) 227-3883

    22 in this area

    36 Total Sales

    Tracy Kelley
    Section Image

  • S

    Buyer's Agent in 2016

    Sally LAUX

    Keller Williams Realty

    Section Image
See All Agents

About One Virginia Avenue

Map

Source: Bright MLS

MLS Number: 1002235486

Bright MLS

APN: 334-14.14-14.00-301

Delaware Sussex County Rehoboth Beach 19971

1 Virginia Ave Unit 301, Rehoboth Beach, DE

This home is located at 1 Virginia Ave Unit 301, Rehoboth Beach, DE 19971 since 14 August 2018 and is currently estimated at $836,713. This property was built in 1974. 1 Virginia Ave Unit 301 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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