NOT LISTED FOR SALE

One Virginia Avenue 1 Virginia Ave Unit 505 Rehoboth Beach, DE 19971

Estimated Value: $458,000 - $866,000

2 Beds
1 Bath
-- Sq Ft
-- Built

Last Sold November 28, 2016

Last sale price $500,000

Est. 46% increase in value since last sale

Current estimated payment $3,999/month

Highlights

  • Ocean View
  • In Ground Pool
  • Contemporary Architecture
  • Rehoboth Elementary School Rated A
  • Waterfront
  • 4-minute walk to Lake Gerar Park

About This Home

As of November 2016

Elegant, fully renovated 2bd/1ba condo w/ocean & Lake Gerar views in Rehoboth's premiere oceanfront complex. Custom kitchen w/Corian counters/breakfast bar for 6. Shows like a model& NEVER rented.Condo fees include Heat, A/C, Water&Sewer,Outdoor Pool & Sundeck. Secure locked building/parking garage.

Last Agent to Sell the Property

LISA NICOLETTI

(302) 228-1865 lisa.nicoletti@oasothebysrealty.com Monument Sotheby's International Realty License #RS-0015464 Listed on: 10/31/2014

Monument Sotheby's International Realty

Last Buyer's Agent

Mitch Selbiger

(410) 274-3479 MITSEL@AOL.COM Monument Sotheby's International Realty License #RA-0003297

Monument Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,609

Parking

  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Entry on the 5th floor
  • Block Foundation
  • Rubber Roof
  • Masonry
  • Stucco

Interior Spaces

  • Property has 1 Level
  • Window Treatments
  • Window Screens

Kitchen

  • Country Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Home Security

Pool

  • In Ground Pool
  • Poolside Lot

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Balcony

Additional Features

  • Waterfront
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 334-14.14-14.00-505

Community Details

Overview

  • Property has a Home Owners Association
  • Mid-Rise Condominium
  • One Virginia Ave Community
  • North Rehoboth Subdivision

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Community Pool

Security

  • Security Service
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,609

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Remarks Public: Elegant, fully renovated 2bd/1ba condo w/ocean & Lake Gerar views in Rehoboth's premiere oceanfront complex. Custom kitchen w/Corian counters/breakfast bar for 6. Shows like a model& NEVER rented.Condo fees include Heat, A/C, Water&Sewer,Outdoor Pool & Sundeck. Secure locked building/parking garage.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Range Hood, Refrigerator
  • Entry Floor: 5
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Breakfast Area, Kitchen - Country, Window Treatments
  • Window Features: Screens
  • Fireplace: No
  • Door Features: Storm
  • Foundation Details: Block
  • Floors In Unit Count: 1
  • Level Count: 1
  • Levels Count: 1
  • Basement: No
  • Street Number Modifier: 1

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

  • Construction Materials: Masonry, Stucco
  • Construction Completed: Yes
  • Pool Features: In Ground
  • Roof: Rubber
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal, Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Assigned, Concrete Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 6613.00
  • HOA Condo Co-Op Amenities: Elevator, Laundry Facilities, Reserved/Assigned Parking, Pool - Outdoor, Swimming Pool, Security
  • HOA: No

Schools

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

Lot Info

  • Lot Features: Poolside
  • Outdoor Living Structures: Balcony

Building Info

  • Building Features: Elevator

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5196024
  • Assessor Parcel Number: 334-14.14-14.00-505
  • County Tax Payment Frequency: Annually
  • Close Date: 11/28/2016

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2014
Closed on
Nov 28, 2016
Sold by
Scotland Road Llc
Bought by
Gold Akim and Herbst Irina
Seller's Agent
LISA NICOLETTI
Monument Sotheby's International Realty
Buyer's Agent
Mitch Selbiger
Monument Sotheby's International Realty
List Price
$500,000
Sold Price
$500,000
Current Estimated Value
$728,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,972
Avg. Annual Appreciation
4.66%
Original Mortgage
$375,000
Interest Rate
3.25%

Purchase Details

Closed on
Sep 2, 1997
Bought by
Scotland Road Llc
Source: Public Records

Range of Values:

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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
Gold Akim $500,000 None Available
Scotland Road Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gold Akim $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2016 11/28/16 Sold $500,000 0.0% --
10/10/2016 10/10/16 Pending -- -- --
10/31/2014 10/31/14 For Sale $500,000 -- --
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 $1,609 $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

  • LISA NICOLETTI

    Seller's Agent in 2016

    LISA NICOLETTI

    OCEAN ATLANTIC SOTHEBYS

    (302) 228-1865

    1 in this area

    2 Total Sales

    LISA NICOLETTI
    Section Image
  • Mitch Selbiger

    Buyer's Agent in 2016

    Mitch Selbiger

    OCEAN ATLANTIC SOTHEBYS

    (410) 274-3479

    36 in this area

    60 Total Sales

    Mitch Selbiger
    Section Image
See All Agents

About One Virginia Avenue

Map

Source: Bright MLS

MLS Number: 1000986884

Bright MLS

APN: 334-14.14-14.00-505

Delaware Sussex County Rehoboth Beach 19971

1 Virginia Ave Unit 505, Rehoboth Beach, DE

This home is located at 1 Virginia Ave Unit 505, Rehoboth Beach, DE 19971 since 31 October 2014 and is currently estimated at $728,972. 1 Virginia Ave Unit 505 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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