NOT LISTED FOR SALE

One Virginia Avenue 1 Virginia Ave Unit 307 Rehoboth Beach, DE 19971

Estimated Value: $452,000 - $1,116,000

2 Beds
2 Baths
-- Sq Ft
$1,114/mo HOA Fee

Last Sold June 16, 2023

Last sale price $985,000

Est. 13% decrease in value since last sale

Current estimated payment $5,794/month

52 Days on Market

Highlights

  • Ocean View
  • Penthouse
  • Main Floor Bedroom
  • Rehoboth Elementary School Rated A
  • 0.91 Acre Lot
  • 4-minute walk to Lake Gerar Park

About This Home

As of June 2023

Atlantic Ocean and boardwalk unobstructed views. Balcony w/view of the beach and boards. This totally renovated unit is being sold furnished. 2019 guest bathroom, 2020 Master bedroom,. 2021 kitchen, living room and bedrooms renovated. Flooring installed is luxury vinyl plank. The kitchen remodel included new cabinets, back splash and appliances. New furniture was added in living room. The guest bedroom has two double beds. Master bedroom has gorgeous en suite bath. Sold with solid rental bookings for the summer of 2023. New swimming pool installed in 2022. Seller has paid the assessment for the pool. This rarely offered unit has secure access and monitoring, outdoor showers, beautiful new pool, private underground parking. Park your car and walk to the many restaurants and shops.

Last Agent to Sell the Property

ANN MARIE FENTRESS

(443) 864-6555 annmarie.fentress@longandfoster.com Long & Foster Real Estate, Inc. License #RS-0020701 Listed on: 04/10/2023

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Chris Lougheed

(302) 593-2055 lougheedre@gmail.com RE/MAX Point Realty License #RS-0023455

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,335

Year Built

  • Built in 1974 | Remodeled in 2021

Lot Details

  • Extensive Hardscape
  • Property is in excellent condition

HOA Fees

  • $1,114 Monthly HOA Fees

Parking

Property Views

Home Design

  • Penthouse
  • Entry on the 3rd floor

Interior Spaces

  • Furnished
  • Ceiling Fan
  • Insulated Windows
  • Sliding Windows
  • Window Screens
  • Sliding Doors
  • Open Floorplan
  • Dining Area
  • Exterior Cameras

Kitchen

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

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Exterior Lighting

Utilities

  • 90% Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-14.00-307

Community Details

Overview

  • Association fees include air conditioning, common area maintenance, exterior building maintenance, heat, laundry, pool(s)
  • Mid-Rise Condominium
  • One Virginia Avenue Condo Association Condos, Phone Number (302) 227-9533
  • One Virginia Ave Community
  • Property Manager
  • Property has 7 Levels

Amenities

  • Community Library
  • Laundry Facilities
  • Community Storage Space
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Security

  • Security Service
  • Front Desk in Lobby
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,335

Year Built

Built in 1974 | Remodeled in 2021

Lot Details

0

HOA Fees

$1,114 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: Property is sold fully furnished. Turn key.
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-04-12
  • Federal Flood Zone: No
  • Year Built: 1974
  • Year Renovated: 2021
  • Building Winterized: No
  • Remarks Public: Atlantic Ocean and boardwalk unobstructed views. Balcony w/view of the beach and boards. This totally renovated unit is being sold furnished. 2019 guest bathroom, 2020 Master bedroom,. 2021 kitchen, living room and bedrooms renovated. Flooring installed is luxury vinyl plank. The kitchen remodel included new cabinets, back splash and appliances. New furniture was added in living room. The guest bedroom has two double beds. Master bedroom has gorgeous en suite bath. Sold with solid rental bookings for the summer of 2023. New swimming pool installed in 2022. Seller has paid the assessment for the pool. This rarely offered unit has secure access and monitoring, outdoor showers, beautiful new pool, private underground parking. Park your car and walk to the many restaurants and shops.
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Exhaust Fan, Microwave, Oven/Range - Electric, Refrigerator, Water Heater
  • Entry Floor: 3
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Elevator, Entry Level Bedroom, Upgraded Countertops
  • Window Features: Insulated, Screens, Sliding
  • Fireplace: No
  • Door Features: Sliding Glass
  • Levels Count: 7
  • Basement: No
  • Laundry Type: Common
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1 Virginia Avenue

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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: Block
  • Exterior Features: Extensive Hardscape, Exterior Lighting, Outside Shower, Sidewalks
  • Spa: No
  • View: Lake, Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Covered Parking, Underground
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector, Desk In Lobby, Exterior Cameras
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 13363.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: One Virginia Avenue Condo Association
  • Condo Co-Op Phone: 302-227-9533
  • HOA Condo Co-Op Amenities: Elevator, Extra Storage, Laundry Facilities, Library, Pool - Outdoor, Security, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Air Conditioning, Common Area Maintenance, Ext Bldg Maint, Heat, Laundry, Pool(s)
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 999
  • Lot Size Acres: 0.91
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 39640.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Excellent
  • Year Assessed: 2022
  • Zoning: T
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 43900.00
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5195992
  • School Tax: 870.00
  • Tax Annual Amount: 1335.00
  • Assessor Parcel Number: 334-14.14-14.00-307
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 06/16/2023

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2023
Closed on
Jun 16, 2023
Sold by
Harrison Robert J
Bought by
Lougheed Denise and Lougheed William
Seller's Agent
ANN MARIE FENTRESS
Long & Foster Real Estate, Inc.
Buyer's Agent
Chris Lougheed
RE/MAX Point Realty
List Price
$1,100,000
Sold Price
$985,000
Premium/Discount to List
-$115,000
-10.45%
Views
223
Current Estimated Value
$853,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$131,747
Avg. Annual Appreciation
-4.16%

Purchase Details

Listed on
Aug 13, 2013
Closed on
Oct 14, 2015
Sold by
Bacon Hoyt W
Bought by
Frock Neil E and Harrison Robert J
Seller's Agent
JUDITH PROUSE
Patterson-Schwartz-Rehoboth
Buyer's Agent
ANN MARIE FENTRESS
Long & Foster Real Estate, Inc.
List Price
$570,000
Sold Price
$570,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.47%
Source: Public Records

Range of Values:

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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
Lougheed Denise $985,000 None Listed On Document
Frock Neil E -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2023 06/16/23 Sold $985,000 -10.5% --
06/01/2023 06/01/23 Pending -- -- --
04/10/2023 04/10/23 For Sale $1,100,000 +93.0% --
11/13/2015 11/13/15 Sold $570,000 0.0% --
09/20/2015 09/20/15 Pending -- -- --
08/13/2013 08/13/13 For Sale $570,000 -- --
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 $1,872 $20,200 $0 $20,200
2024 $1,099 $20,200 $0 $20,200
2023 $1,098 $20,200 $0 $20,200
2022 $1,060 $20,200 $0 $20,200
2021 $1,050 $20,200 $0 $20,200
2020 $1,047 $20,200 $0 $20,200
2019 $1,048 $20,200 $0 $20,200
2018 $979 $22,300 $0 $0
2017 $938 $22,300 $0 $0
2016 $891 $22,300 $0 $0
2015 $851 $22,300 $0 $0
2014 $845 $22,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    ANN MARIE FENTRESS

    Long & Foster

    (443) 864-6555

    9 in this area

    20 Total Sales

    ANN MARIE FENTRESS
    Section Image
  • Chris Lougheed

    Buyer's Agent in 2023

    Chris Lougheed

    RE/MAX

    (302) 593-2055

    4 in this area

    27 Total Sales

    Chris Lougheed
    Section Image

  • J

    Seller's Agent in 2015

    JUDITH PROUSE

    Patterson Schwartz

See All Agents

About One Virginia Avenue

Map

Source: Bright MLS

MLS Number: DESU2039250

Bright MLS

APN: 334-14.14-14.00-307

Delaware Sussex County Rehoboth Beach 19971

1 Virginia Ave Unit 307, Rehoboth Beach, DE

This home is located at 1 Virginia Ave Unit 307, Rehoboth Beach, DE 19971 since 10 April 2023 and is currently estimated at $853,253. This property was built in 1974. 1 Virginia Ave Unit 307 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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