NOT LISTED FOR SALE

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

Estimated Value: $676,224 - $786,000

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. 91% increase in value since last sale

Current estimated payment $4,295/month

5 Days on Market

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
  • 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

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

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

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
$735,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$350,398
Avg. Annual Appreciation
7.08%

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 List to Sale Price per Sq Ft
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

Not Listed for Sale

Condos

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes