$490,000
SOLD MAY 23, 2016

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

2 Beds
1 Bath
712 Sq Ft
$661/mo HOA Fee

Recently Sold

$688 Per Sq Ft

11% Below List Price

174 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Contemporary Architecture
  • Rehoboth Elementary School Rated A
  • Waterfront
  • 4-minute walk to Lake Gerar Park

About This Home

As of December 2018

Two bedrooms, southern exposure. Balcony, pool, sun deck, library, laundry, on-site manager. Ocean front building! Step out to beach and boardwalk.

Last Agent to Sell the Property

JUDITH PROUSE

Patterson-Schwartz-Rehoboth Listed on: 10/28/2015

Last Buyer's Agent

SARAH LAUX

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,010

Year Built

  • Built in 1974

HOA Fees

  • $661 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 712 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Insulated Windows
  • Window Treatments
  • Window Screens

Kitchen

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

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Garage
  • Garage Door Opener

Outdoor Features

  • In Ground Pool
  • Water Access
  • Property is near an ocean

Additional Features

  • Waterfront
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 334-14.14-14.00-301

Community Details

Overview

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

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Community Pool

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,010

Year Built

Built in 1974

Lot Details

0

HOA Fees

$661 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
  • Year Built: 1974
  • Remarks Public: Two bedrooms, southern exposure. Balcony, pool, sun deck, library, laundry, on-site manager. Ocean front building! Step out to beach and boardwalk.
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Gas, Range Hood, Refrigerator
  • Entry Floor: 3
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Window Treatments
  • Window Features: Insulated, Screens
  • 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: 742.98
  • Above Grade Finished Sq Ft: 712
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway, Under Home Parking
  • Garage Features: Garage Door Opener

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: 7936.00
  • HOA Condo Co-Op Amenities: Elevator, Laundry Facilities, Pool - Outdoor, Swimming Pool, Security
  • HOA: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Size Units: Square Feet
  • Zoning Description: TOWN CODES
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5195986
  • Tax Annual Amount: 1010.00
  • Assessor Parcel Number: 334-14.14-14.00-301
  • County Tax Payment Frequency: Annually
  • Close Date: 05/23/2016

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
$789,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,202
Avg. Annual Appreciation
7.00%
Original Mortgage
$150,000
Outstanding Balance
$98,920
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$749,089

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
SARAH 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

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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 Type Sale Price Title Company
Deed $545,000 --
Deed $490,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,000 New Conventional
Previous Owner $367,500 New Conventional
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
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

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Map

Source: Bright MLS

MLS Number: 1001011492

Bright MLS

APN: 334-14.14-14.00-301