NOT LISTED FOR SALE

One Virginia Avenue 1 Virginia Ave Unit 316 Rehoboth Beach, DE 19971

Estimated Value: $497,980 - $852,000

1 Bed
1 Bath
673 Sq Ft
$2,833/mo HOA Fee

Last Sold August 30, 2018

Last sale price $465,000 $691 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $6,873/month

59 Days on Market

Highlights

  • Above Ground Pool
  • Waterfront
  • Breakfast Area or Nook
  • Rehoboth Elementary School Rated A
  • Furnished
  • 4-minute walk to Lake Gerar Park

About This Home

As of August 2018

OCEAN FRONT 1 bedroom and 1 bath , granite counters , tile floors , custom paint and amazing crown moldings . A MUST VISIT : feel the difference ,ocean breezes and wonderful views . rental potential approx. 16,500 plus or minus . sold un furnished , but some could be negotiable. Make a wish list ! schedule your preview today .

Last Agent to Sell the Property

HENRY MCKAY

(302) 381-5039 henry@rehobothdreamhomes.com Jack Lingo - Rehoboth License #RS-0014889 Listed on: 05/25/2018

Jack Lingo - Rehoboth

Last Buyer's Agent

Andy Staton

(302) 841-2127 andy@andytoday.com Monument Sotheby's International Realty License #RS-0016036

Monument Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $954

Year Built

  • Built in 1974

HOA Fees

  • $2,833 Monthly HOA Fees

Home Design

  • Block Foundation
  • Composition Roof
  • Masonry

Interior Spaces

  • 673 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Insulated Windows
  • Window Screens

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Cooktop with Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • 1 Parking Space Included
  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Above Ground Pool
  • Water Access
  • Property is near an ocean
  • Balcony

Utilities

  • Central Air
  • Heating Available
  • 220 Volts
  • Cable TV Available

Additional Features

  • Accessible Elevator Installed
  • Waterfront
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 334-14.14-14.00-316

Community Details

Overview

  • Association fees include heat, common area maintenance
  • High-Rise Condominium
  • One Virginia Ave Community
  • North Rehoboth Subdivision

Recreation

  • Community Pool

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$954

Year Built

Built in 1974

Lot Details

0

HOA Fees

$2,833 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1974
  • Remarks Public: OCEAN FRONT 1 bedroom and 1 bath , granite counters , tile floors , custom paint and amazing crown moldings . A MUST VISIT : feel the difference ,ocean breezes and wonderful views . rental potential approx. 16,500 plus or minus . sold un furnished , but some could be negotiable. Make a wish list ! schedule your preview today .
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Oven/Range - Electric, Range Hood, Refrigerator
  • Entry Floor: 316
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Breakfast Area, Elevator
  • Window Features: Insulated, Screens
  • Fireplace: No
  • Foundation Details: Block
  • Floors In Unit Count: 1
  • Level Count: 6
  • Levels Count: 3+
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 673
  • Living Area Sq Ft: 673
  • Net Sq Ft: 673.00
  • Price Per Sq Ft: 690.94
  • Above Grade Finished Sq Ft: 673
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Concrete
  • Construction Completed: Yes
  • Pool Features: Above Ground
  • Roof: Composite
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal, Yes - Community
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 1
  • Parking Features: Under Home Parking
  • Number Of Parking Spaces Included: 1-Car Parking
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 220 Volts
  • Heating Fuel: Electric
  • Heating Type: Electric
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 8500.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Reserved/Assigned Parking, Cable, Elevator, Pool - Outdoor, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Heat, Common Area Maintenance
  • HOA: No
  • Senior Community: 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: R-2
  • Zoning Description: HIGH DENSITY RESIDENTIAL
  • In City Limits: Yes

Building Info

  • Building Features: Elevator

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 16500.00
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 954.00
  • Assessor Parcel Number: 334-14.14-14.00-316
  • County Tax Payment Frequency: Annually
  • Close Date: 08/30/2018

Multi Family

  • Income Expense List: Total Tax Bill

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2018
Closed on
Aug 31, 2018
Sold by
William M Short Jr Ret
Bought by
Miller Steven M and Yang Tianxia
Seller's Agent
HENRY MCKAY
Jack Lingo - Rehoboth
Buyer's Agent
Andy Staton
Monument Sotheby's International Realty
List Price
$465,000
Sold Price
$465,000
Current Estimated Value
$737,495

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,495
Avg. Annual Appreciation
6.72%
Original Mortgage
$365,000
Outstanding Balance
$315,351
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$422,144

Purchase Details

Closed on
Jan 12, 1994
Bought by
Short Sarah P (Trustee)
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
Miller Steven M $465,000 --
Short Sarah P (Trustee) -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Steven M $365,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2018 08/30/18 Sold $465,000 0.0% $691 / Sq Ft
07/23/2018 07/23/18 Pending -- -- --
05/25/2018 05/25/18 For Sale $465,000 -- $691 / 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 $1,558 $17,350 $0 $17,350
2024 $944 $17,350 $0 $17,350
2023 $943 $17,350 $0 $17,350
2022 $910 $17,350 $0 $17,350
2021 $902 $17,350 $0 $17,350
2020 $899 $17,350 $0 $17,350
2019 $900 $17,350 $0 $17,350
2018 $841 $19,150 $0 $0
2017 $805 $19,150 $0 $0
2016 $765 $19,150 $0 $0
2015 $731 $19,150 $0 $0
2014 $726 $19,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • HENRY MCKAY

    Seller's Agent in 2018

    HENRY MCKAY

    Jack Lingo - Rehoboth

    (302) 381-5039

    13 in this area

    24 Total Sales

    HENRY MCKAY
    Section Image
  • Andy Staton

    Buyer's Agent in 2018

    Andy Staton

    OCEAN ATLANTIC SOTHEBYS

    (302) 841-2127

    70 in this area

    230 Total Sales

    Andy Staton
    Section Image
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About One Virginia Avenue

Map

Source: Bright MLS

MLS Number: 1001585696

Bright MLS

APN: 334-14.14-14.00-316

Delaware Sussex County Rehoboth Beach 19971

1 Virginia Ave Unit 316, Rehoboth Beach, DE

This home is located at 1 Virginia Ave Unit 316, Rehoboth Beach, DE 19971 since 25 May 2018 and is currently estimated at $737,495, approximately $1,095 per square foot. This property was built in 1974. 1 Virginia Ave Unit 316 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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