NOT LISTED FOR SALE

Estimated Value: $1,083,000 - $1,284,322

3 Beds
2 Baths
1,424 Sq Ft
$1,709/mo HOA Fee

Last Sold September 28, 2022

Last sale price $1,100,000 $772 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,021/month

Highlights

  • Ocean Front
  • Primary bedroom faces the ocean
  • Public Beach
  • Rehoboth Elementary School Rated A
  • Water Access
  • 4-minute walk to Lake Gerar Park

About This Home

As of September 2022

This 3rd-floor unit is in an oceanfront elevator building. The double-unit condo features two ocean-view balconies! Interior space is approximately 1,400 sq. ft. with a living room (balcony), dining room, breakfast-bar kitchen, en suite main bedroom (balcony), laundry room, home office, and two other bedrooms & a second full bath. The condo’s entrance fronts the community pool, and it has two assigned parking spaces. When you enter the Unit, the kitchen is to the left, and bedroom #2 is to the right on the pool side. The living room is straight ahead with an oversized sliding glass door out to the balcony. The living room adjoins the dining room. There’s a hall off of the dining room where you will find the main bedroom to the left; this extra-large bedroom also has an oversized sliding glass door to the ocean-view balcony, and its en suite bath is generously sized with lots of cabinet/counter space & a tub/shower. The little home office is in the hall’s entryway. The second full bath is to the right as you enter the hall, and that bath has a large, tiled shower. The laundry/utility room is also off the hallway; it has a stack washer & dryer (there is a community laundry, as well, if you have big items to wash, such as comforters/blankets, coats, etc.). And the third bedroom is at the end of the hall; this bedroom overlooks the pool and has a separate entrance door. The kitchen has contemporary, high-gloss acrylic cabinets, a fridge with ice maker, new dishwasher, electric range, built-in microwave & a garbage disposal. Windows and sliding glass doors were recently replaced. One Virginia Ave has a lobby, a library/common room, an outdoor shower to rinse the sand away after a day on the beach, covered bike racks & a sun deck. The new stainless steel community pool has been delivered & is being installed now (Seller has already paid his part of the pool assessment). The condo dues include heat/AC (you control the temperature settings), hot & cold water, sewer, pool, trash/recycle, 2 storage units, 2 assigned parking spaces, elevators, flood insurance, and security/resident manager. This condo hasn’t been rented, but one could expect +$4,500/week in the high season. If you’ve dreamed of looking at the ocean every day, make this your next home!

Last Agent to Sell the Property

LINDA BOVA

(302) 542-4197 RealEstate@SEABOVA.com SEA BOVA ASSOCIATES INC. License #RB-0003161 Listed on: 07/08/2022

Co-Listed By

BRIDGET BAUER

(302) 227-1222 bridget@seabova.com SEA BOVA ASSOCIATES INC. License #RA-0003323

Last Buyer's Agent

JoAnn O'Hara

(410) 322-3374 johara@kw.com EXP Realty, LLC License #RS-0037152

EXP Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,065

Year Built

  • Built in 1973

Lot Details

  • Ocean Front
  • Home fronts navigable water
  • Public Beach
  • Two or More Common Walls
  • Property is in average condition

HOA Fees

  • $1,709 Monthly HOA Fees

Parking

  • Assigned parking located at #302 & 303

Home Design

  • Coastal Architecture
  • Entry on the 3rd floor
  • Flat Roof Shape
  • Masonry

Interior Spaces

  • 1,424 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Partially Furnished
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Sliding Doors
  • Insulated Doors
  • Living Room
  • Dining Room
  • Den
  • Exterior Cameras

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary bedroom faces the ocean
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on main level
  • Stacked Electric Washer and Dryer

Outdoor Features

  • Water Access
  • Property is near an ocean

Utilities

  • Forced Air Heating and Cooling System
  • Municipal Trash
  • Private Sewer

Additional Features

  • More Than Two Accessible Exits
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 334-14.14-14.00-302

Community Details

Overview

  • $1,000 Capital Contribution Fee
  • Association fees include air conditioning, common area maintenance, exterior building maintenance, laundry, management, parking fee, pool(s), reserve funds, sewer, trash, water
  • Mid-Rise Condominium
  • One Virginia Ave Condos, Phone Number (302) 227-9533
  • One Virginia Ave Community
  • North Rehoboth Subdivision
  • Property Manager

Amenities

  • Community Library
  • Laundry Facilities
  • 2 Elevators
  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • Pets allowed on a case-by-case basis

Security

  • Security Service
  • Front Desk in Lobby
  • Resident Manager or Management On Site
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,065

Year Built

Built in 1973

Lot Details

0

HOA Fees

$1,709 per month

Parking

125

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: 2+ Access Exits
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • Inclusions: See Inventory Addendum
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-07-08
  • Federal Flood Zone: Yes
  • Year Built: 1973
  • Assigned Parking Space Numbers: 302 & 303
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: This 3rd-floor unit is in an oceanfront elevator building. The double-unit condo features two ocean-view balconies! Interior space is approximately 1,400 sq. ft. with a living room (balcony), dining room, breakfast-bar kitchen, en suite main bedroom (balcony), laundry room, home office, and two other bedrooms & a second full bath. The condo’s entrance fronts the community pool, and it has two assigned parking spaces. When you enter the Unit, the kitchen is to the left, and bedroom #2 is to the right on the pool side. The living room is straight ahead with an oversized sliding glass door out to the balcony. The living room adjoins the dining room. There’s a hall off of the dining room where you will find the main bedroom to the left; this extra-large bedroom also has an oversized sliding glass door to the ocean-view balcony, and its en suite bath is generously sized with lots of cabinet/counter space & a tub/shower. The little home office is in the hall’s entryway. The second full bath is to the right as you enter the hall, and that bath has a large, tiled shower. The laundry/utility room is also off the hallway; it has a stack washer & dryer (there is a community laundry, as well, if you have big items to wash, such as comforters/blankets, coats, etc.). And the third bedroom is at the end of the hall; this bedroom overlooks the pool and has a separate entrance door. The kitchen has contemporary, high-gloss acrylic cabinets, a fridge with ice maker, new dishwasher, electric range, built-in microwave & a garbage disposal. Windows and sliding glass doors were recently replaced. One Virginia Ave has a lobby, a library/common room, an outdoor shower to rinse the sand away after a day on the beach, covered bike racks & a sun deck. The new stainless steel community pool has been delivered & is being installed now (Seller has already paid his part of the pool assessment). The condo dues include heat/AC (you control the temperature settings), hot & cold water, sewer, pool, trash/recycle, 2 storage units, 2 assigned parking spaces, elevators, flood insurance, and security/resident manager. This condo hasn’t been rented, but one could expect +$4,500/week in the high season. If you’ve dreamed of looking at the ocean every day, make this your next home!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Oven/Range - Electric, Refrigerator, Washer, Washer/Dryer Stacked
  • Entry Floor: 3
  • Flooring Type: Carpet, Ceramic Tile, Vinyl
  • Interior Amenities: Carpet, Ceiling Fan(s), Dining Area, Floor Plan - Traditional, Primary Bath(s), Primary Bedroom - Ocean Front, Stall Shower, Tub Shower, Window Treatments
  • Window Features: Insulated
  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Door Features: Insulated, Sliding Glass, Storm
  • Elevators Count: 2
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Room Count: 9
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Laundry, Office, Primary Bathroom
  • Basement: No
  • Laundry Type: Dryer In Unit, Has Laundry, Main Floor, Washer In Unit
  • Total Sq Ft: 1424
  • Living Area Sq Ft: 1424
  • Price Per Sq Ft: 912.92
  • Above Grade Finished Sq Ft: 1424
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Road Surface Type: Black Top
  • Roof: Flat
  • Spa: No
  • View: Ocean
  • Water Access Features: Public Beach
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 125.00
  • Assigned Spaces Count: 2
  • Garage: Yes
  • Parking Features: Assigned
  • Garage Features: Covered Parking
  • Total Garage And Parking Spaces: 125
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 125

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Monthly Average Electric: 50
  • Previous Twelve Months Electric Expense: 600.00
  • Heating Type: Forced Air
  • Heating: Yes
  • Security: Desk In Lobby, Resident Manager, Exterior Cameras
  • Sewer/Septic System: Private Sewer
  • Water Source: Community
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 5127.29
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: One Virginia Ave
  • Condo Co-Op Phone: 302-227-9533
  • HOA Condo Co-Op Amenities: Elevator, Extra Storage, Laundry Facilities, Library, Pool - Outdoor, Reserved/Assigned Parking, Security, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Air Conditioning, Common Area Maintenance, Ext Bldg Maint, Laundry, Management, Parking Fee, Pool(s), Reserve Funds, Sewer, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground

Fee Information

  • Loss Mitigation Fee?: No
  • Capital Contribution Fee: 1000.00

Schools

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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 16850.00
  • Land Use Code: RC
  • Property Condition: Average
  • Year Assessed: 2021
  • Zoning: TN
  • Zoning Description: Town Codes
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Partially
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5195987
  • School Tax: 719.00
  • Tax Annual Amount: 1065.00
  • Assessor Parcel Number: 334-14.14-14.00-302
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 09/28/2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2022
Closed on
Sep 28, 2022
Sold by
Cochran Robert N
Bought by
Sokolov Steven Joseph and Sokolov Angela Danielle
Seller's Agent
LINDA BOVA
SEA BOVA ASSOCIATES INC.
Buyer's Agent
JoAnn O'Hara
EXP Realty, LLC
List Price
$1,300,000
Sold Price
$1,100,000
Premium/Discount to List
-$200,000
-15.38%
Views
25
Current Estimated Value
$1,165,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,331
Avg. Annual Appreciation
1.94%
Original Mortgage
$647,200
Outstanding Balance
$624,719
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$540,612
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Sokolov Steven Joseph $1,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sokolov Steven Joseph $647,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2022 09/28/22 Sold $1,100,000 -15.4% $772 / Sq Ft
08/13/2022 08/13/22 Pending -- -- --
07/08/2022 07/08/22 For Sale $1,300,000 -- $913 / 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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2024456

Bright MLS

APN: 334-14.14-14.00-302