NOT LISTED FOR SALE

One Virginia Avenue 1 Virginia Ave Unit 602 Rehoboth Beach, DE 19971

Estimated Value: $516,529 - $800,000

1 Bed
1 Bath
540 Sq Ft
$311/mo HOA Fee

Last Sold June 15, 2016

Last sale price $385,000 $713 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $4,180/month

Highlights

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

About This Home

As of June 2016

Beautifully decorated, large efficiency unit. Remodeled kitchen.

Last Agent to Sell the Property

JUDITH PROUSE

juprouse1@gmail.com Patterson-Schwartz-Rehoboth Listed on: 04/21/2016

Last Buyer's Agent

JUDITH PROUSE

juprouse1@gmail.com Patterson-Schwartz-Rehoboth Listed on: 04/21/2016

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $664

Year Built

  • Built in 1974

HOA Fees

  • $311 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 6th floor
  • Block Foundation
  • Rubber Roof
  • Masonry
  • Stucco

Interior Spaces

  • 1 Full Bathroom
  • 540 Sq Ft Home
  • Property has 1 Level

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile or Brick

Additional Features

  • Balcony
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-14.00-602

Community Details

Overview

  • Mid-Rise Condominium
  • One Virginia Ave Community
  • North Rehoboth Subdivision

Amenities

  • Elevator

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$664

Year Built

Built in 1974

Lot Details

0

HOA Fees

$311 per month

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
  • Year Built: 1974
  • Remarks Public: Beautifully decorated, large efficiency unit. Remodeled kitchen.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric
  • Entry Floor: 6
  • Flooring Type: Carpet, Laminated, Tile/Brick
  • Fireplace: No
  • Foundation Details: Block
  • Level Count: 1
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 540
  • Living Area Sq Ft: 540
  • Net Sq Ft: 540.00
  • Price Per Sq Ft: 731.48
  • Above Grade Finished Sq Ft: 540
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1

Beds/Baths

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Stucco
  • Construction Completed: Yes
  • Roof: Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3728.00
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Swimming Pool
  • HOA: 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 Description: TOWN CODES
  • In City Limits: Yes

Building Info

  • Building Features: Elevator

Rental Info

  • Total Actual Rent: 14000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5196038
  • Tax Annual Amount: 664.00
  • Assessor Parcel Number: 334-14.14-14.00-602
  • County Tax Payment Frequency: Annually
  • Close Date: 06/15/2016

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
Apr 21, 2016
Closed on
Jun 15, 2016
Sold by
7 Gables Llc
Bought by
Raciti Rosemary
Seller's Agent
JUDITH PROUSE
Patterson-Schwartz-Rehoboth
Buyer's Agent
JUDITH PROUSE
Patterson-Schwartz-Rehoboth
List Price
$395,000
Sold Price
$385,000
Premium/Discount to List
-$10,000
-2.53%
Current Estimated Value
$707,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$322,882
Avg. Annual Appreciation
6.09%

Purchase Details

Closed on
Dec 7, 2013
Sold by
Kain Michael R and Hayes Candace K
Bought by
7 Gables Llc
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
Raciti Rosemary $385,000 None Available
7 Gables Llc -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2016 06/15/16 Sold $385,000 -2.5% $713 / Sq Ft
04/26/2016 04/26/16 Pending -- -- --
04/21/2016 04/21/16 For Sale $395,000 -- $731 / 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 $1,387 $12,600 $0 $12,600
2024 $685 $12,600 $0 $12,600
2023 $685 $12,600 $0 $12,600
2022 $661 $12,600 $0 $12,600
2021 $655 $12,600 $0 $12,600
2020 $653 $12,600 $0 $12,600
2019 $654 $12,600 $0 $12,600
2018 $610 $13,900 $0 $0
2017 $585 $13,900 $0 $0
2016 $555 $13,900 $0 $0
2015 $531 $13,900 $0 $0
2014 $527 $13,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    JUDITH PROUSE

    Patterson Schwartz

See All Agents

About One Virginia Avenue

Map

Source: Bright MLS

MLS Number: 1001016632

Bright MLS

APN: 334-14.14-14.00-602

Delaware Sussex County Rehoboth Beach 19971

1 Virginia Ave Unit 602, Rehoboth Beach, DE

This home is located at 1 Virginia Ave Unit 602, Rehoboth Beach, DE 19971 since 21 April 2016 and is currently estimated at $707,882, approximately $1,310 per square foot. This property was built in 1974. 1 Virginia Ave Unit 602 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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