NOT LISTED FOR SALE

One Virginia Avenue 1 Virginia Ave Unit 502 Rehoboth Beach, DE 19971

Estimated Value: $670,951 - $897,000

2 Beds
1 Bath
712 Sq Ft
$691/mo HOA Fee

Last Sold May 13, 2016

Last sale price $495,000 $695 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $5,194/month

Highlights

  • Water Oriented
  • Contemporary Architecture
  • Balcony
  • Rehoboth Elementary School Rated A
  • Community Pool
  • 4-minute walk to Lake Gerar Park

About This Home

As of May 2016

Ready to go! Sold fully furnished w/ ocean and lake views! This 2BR condo is a turn-key investment. Tile floors, refreshed kitchen, open living room and dining area. Oceanfront building w/ pool, elevator & garage. Literally steps away from the sand & dining, shopping & the Boardwalk.

Last Agent to Sell the Property

DEBBIE REED

(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group-Rehoboth Beach Listed on: 10/05/2013

RE/MAX Realty Group-Rehoboth Beach

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $721

Year Built

  • Built in 1973

Lot Details

  • Property is in good condition

HOA Fees

  • $691 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Stucco

Interior Spaces

  • 712 Sq Ft Home
  • Living Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • On-Street Parking

Outdoor Features

  • Water Oriented
  • Property is near an ocean
  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 334-14.14-14

Community Details

Overview

  • Association fees include pool(s), common area maintenance, exterior building maintenance, snow removal, trash, parking fee
  • One Virginia Ave Community
  • North Rehoboth Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$721

Year Built

Built in 1973

Lot Details

0

HOA Fees

$691 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • New Construction: No
  • Year Built: 1973
  • Remarks Public: Ready to go! Sold fully furnished w/ ocean and lake views! This 2BR condo is a turn-key investment. Tile floors, refreshed kitchen, open living room and dining area. Oceanfront building w/ pool, elevator & garage. Literally steps away from the sand & dining, shopping & the Boardwalk.
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Fireplace: No
  • Floors In Unit Count: 5
  • Room List: Living Room, Primary Bedroom, Kitchen, Bedroom 1
  • Basement: No
  • Laundry Type: Shared
  • Living Area Units: Square Feet
  • Total Sq Ft: 712
  • Living Area Sq Ft: 712
  • Net Sq Ft: 712.00
  • Price Per Sq Ft: 737.36
  • 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: Stucco
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Electric, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 8288.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Swimming Pool
  • HOA Condo Co-Op Fee Includes: Pool(s), Common Area Maintenance, Ext Bldg Maint, Snow Removal, Trash, Parking Fee
  • HOA: No

Schools

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

Lot Info

  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony
  • Property Condition: Good
  • Zoning: TC

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 721.00
  • Assessor Parcel Number: 334-14.14-14
  • Tax Year: 2013
  • Close Date: 05/13/2016

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2013
Closed on
May 5, 2016
Sold by
Triple C Enterprises Limited Partnership
Bought by
Marines Aaron and Marines Tracy
Seller's Agent
DEBBIE REED
RE/MAX Realty Group-Rehoboth Beach
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$649,000
Sold Price
$495,000
Premium/Discount to List
-$154,000
-23.73%
Current Estimated Value
$824,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,238
Avg. Annual Appreciation
5.60%
Original Mortgage
$396,000
Outstanding Balance
$314,419
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$509,819

Purchase Details

Closed on
Mar 1, 2012
Sold by
Paul G Paul G
Bought by
Triple C Enterprises Limited Partnership
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Marines Aaron $495,000 None Available
Triple C Enterprises Limited Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marines Aaron $396,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2016 05/13/16 Sold $495,000 -5.7% $695 / Sq Ft
04/01/2016 04/01/16 Pending -- -- --
01/21/2016 01/21/16 Price Changed $525,000 -1.9% $737 / Sq Ft
10/09/2015 10/09/15 Price Changed $535,000 -1.8% $751 / Sq Ft
04/08/2015 04/08/15 Price Changed $545,000 -5.2% $765 / Sq Ft
01/09/2015 01/09/15 Price Changed $575,000 -4.2% $808 / Sq Ft
10/07/2014 10/07/14 Price Changed $599,900 -4.0% $843 / Sq Ft
07/12/2014 07/12/14 Price Changed $625,000 -3.7% $878 / Sq Ft
10/05/2013 10/05/13 For Sale $649,000 -- $912 / 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 $17,800 $0 $17,800
2024 $969 $17,800 $0 $17,800
2023 $968 $17,800 $0 $17,800
2022 $934 $17,800 $0 $17,800
2021 $925 $17,800 $0 $17,800
2020 $923 $17,800 $0 $17,800
2019 $924 $17,800 $0 $17,800
2018 $863 $19,650 $0 $0
2017 $826 $19,650 $0 $0
2016 $785 $19,650 $0 $0
2015 $750 $19,650 $0 $0
2014 $745 $19,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    DEBBIE REED

    RE/MAX Realty Group-Rehoboth Beach

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About One Virginia Avenue

Map

Source: Bright MLS

MLS Number: 1001723984

Bright MLS

APN: 334-14.14-14.00-502

Delaware Sussex County Rehoboth Beach 19971

1 Virginia Ave Unit 502, Rehoboth Beach, DE

This home is located at 1 Virginia Ave Unit 502, Rehoboth Beach, DE 19971 since 05 October 2013 and is currently estimated at $824,238, approximately $1,157 per square foot. This property was built in 1973. 1 Virginia Ave Unit 502 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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