One Virginia Avenue 1 Virginia Ave Unit 407 Rehoboth Beach, DE 19971
Estimated Value: $685,803 - $1,090,000
2
Beds
2
Baths
884
Sq Ft
$937/mo
HOA Fee
Highlights
- 10 Feet of Waterfront
- Ocean View
- Open Floorplan
- Rehoboth Elementary School Rated A
- Water Oriented
- 4-minute walk to Lake Gerar Park
About This Home
As of May 2022Unobstructed Atlantic Ocean views will greet you daily from this updated 2 bedroom/2 full bath property located in the oceanfront building of One Virginia Avenue, overlooking the Rehoboth Beach boardwalk and the open space of the Village Improvement Association.
Completely renovated in 2017, the home boasts spectacularly updated white kitchen cabinetry, quartz countertop/breakfast bar, stainless and energy efficient appliances, luxury vinyl plank flooring throughout, two bedrooms each with queen beds, two updated baths (one ensuite) with ocean blue listello tile in shower with glass doors and the other with a deep, soaking bathtub. New windows and electric as well. Tropical and nautical colors with high-end furnishings and décor, including a queen sleep sofa.
Sold with solid rental bookings beginning 3/29 and ending 9/24 at this time totaling $35,310 (with much more expected) and completely furnished and accessorized. Sellers have already paid the assessment for a new pool, which will be complete by this summer. Conveniently close to dining, shopping and all the entertainment downtown Rehoboth Beach has to offer. One Virginia offers covered and secured parking, an updated lobby area, a pool with shower and sun deck, a library, coin laundry, bike racks and assigned storage for all of your beach gear.
Last Agent to Sell the Property
Jack Lingo - Rehoboth License #RS-0016508 Listed on: 03/20/2022
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,448
Year Built
- Built in 1974
Lot Details
- 10 Feet of Waterfront
- Ocean Front
- Extensive Hardscape
HOA Fees
- $937 Monthly HOA Fees
Parking
Interior Spaces
- 884 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Furnished
- Ceiling Fan
- Recessed Lighting
- Insulated Windows
- Sliding Doors
- Insulated Doors
- Combination Dining and Living Room
Kitchen
- Double Oven
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
- Upgraded Countertops
- Disposal
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Outdoor Features
- Outdoor Shower
- Water Oriented
- Property is near an ocean
- Balcony
- Exterior Lighting
Schools
- Rehoboth Elementary School
- Beacon Middle School
- Cape Henlopen High School
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
- Municipal Trash
Additional Features
- Accessible Elevator Installed
- Energy-Efficient Appliances
Listing and Financial Details
- Assessor Parcel Number 334-14.14-14.00-407
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, management, pool(s), sewer, trash, water, laundry, heat, air conditioning
- Mid-Rise Condominium
- One Virginia Ave Community
- North Rehoboth Subdivision
- Property Manager
Amenities
- Community Library
- Laundry Facilities
- Community Storage Space
- 1 Elevator
Recreation
- Community Pool
Pet Policy
- Pets allowed on a case-by-case basis
Security
- Security Service
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 20, 2022
Closed on
May 4, 2022
Sold by
Stevens Michael L and Munno Elizabeth M
Bought by
Slack Nicholas C and Rosenfeld Sionne C
Seller's Agent
Ava Cannon
Jack Lingo - Rehoboth
Buyer's Agent
Brian Barrows
Monument Sotheby's International Realty
List Price
$937,000
Sold Price
$929,000
Premium/Discount to List
-$8,000
-0.85%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,549
Avg. Annual Appreciation
-1.02%
Original Mortgage
$464,000
Outstanding Balance
$440,671
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$459,275
Purchase Details
Listed on
May 22, 2015
Closed on
Dec 12, 2016
Sold by
Scotland Road Llc
Bought by
Munno Elizabeth M and Stevens Michael L
Seller's Agent
LISA NICOLETTI
Monument Sotheby's International Realty
Buyer's Agent
Ava Cannon
Jack Lingo - Rehoboth
List Price
$590,000
Sold Price
$590,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.75%
Purchase Details
Closed on
Mar 20, 2002
Bought by
Scotland Road Llc
Similar Homes in Rehoboth Beach, DE
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Slack Nicholas C | $929,000 | None Listed On Document | |
| Munno Elizabeth M | $590,000 | None Available | |
| Scotland Road Llc | $495,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Slack Nicholas C | $464,000 | |
| Previous Owner | Munno Elizabeth M | $395,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/13/2022 05/13/22 | Sold | $929,000 | -0.9% | $1,051 / Sq Ft |
| 03/30/2022 03/30/22 | Pending | -- | -- | -- |
| 03/20/2022 03/20/22 | For Sale | $937,000 | +58.8% | $1,060 / Sq Ft |
| 12/16/2016 12/16/16 | Sold | $590,000 | 0.0% | -- |
| 10/14/2016 10/14/16 | Pending | -- | -- | -- |
| 05/22/2015 05/22/15 | For Sale | $590,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,124 | $20,650 | $0 | $20,650 |
| 2023 | $1,123 | $20,650 | $0 | $20,650 |
| 2022 | $1,084 | $20,650 | $0 | $20,650 |
| 2021 | $1,074 | $20,650 | $0 | $20,650 |
| 2020 | $1,070 | $20,650 | $0 | $20,650 |
| 2019 | $1,072 | $20,650 | $0 | $20,650 |
| 2018 | $1,001 | $22,800 | $0 | $0 |
| 2017 | $959 | $22,800 | $0 | $0 |
| 2016 | $911 | $22,800 | $0 | $0 |
| 2015 | $870 | $22,800 | $0 | $0 |
| 2014 | $864 | $22,800 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Ava Cannon
Seller's Agent in 2022
Ava Cannon
Jack Lingo - Rehoboth
(302) 249-5620
69 in this area
118 Total Sales
-
Caitlin Mccarron
Seller Co-Listing Agent in 2022
Caitlin Mccarron
Jack Lingo - Rehoboth
(410) 533-8616
47 in this area
79 Total Sales
-
Brian Barrows
Buyer's Agent in 2022
Brian Barrows
OCEAN ATLANTIC SOTHEBYS
(302) 228-0204
141 in this area
395 Total Sales
-
Jesse Santiago
Buyer Co-Listing Agent in 2022
Jesse Santiago
OCEAN ATLANTIC SOTHEBYS
(973) 464-0631
7 in this area
10 Total Sales
-
LISA NICOLETTI
Seller's Agent in 2016
LISA NICOLETTI
OCEAN ATLANTIC SOTHEBYS
(302) 228-1865
1 in this area
2 Total Sales
About One Virginia Avenue
Map
Source: Bright MLS
MLS Number: DESU2018476
APN: 334-14.14-14.00-407
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