NOT LISTED FOR SALE

One Virginia Avenue 1 Virginia Ave Unit 608 Rehoboth Beach, DE 19971

Estimated Value: $721,175 - $775,000

1 Bed
1 Bath
540 Sq Ft
$640/mo HOA Fee

Last Sold July 19, 2019

Last sale price $430,000 $796 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $4,703/month

64 Days on Market

Highlights

  • Home fronts navigable water
  • Water Access
  • Furnished
  • Rehoboth Elementary School Rated A
  • Open Floorplan
  • 4-minute walk to Lake Gerar Park

About This Home

As of July 2019

Just one unit off the ocean with views that are hard to beat! This South facing efficiency in an ocean front building was just updated with new granite counters, face-lifted cabinets and updated bath vanity. New sliding doors and windows. This bright and cheerful condo offers assigned garage parking with storage area, large swimming pool, secured entry with on sight management. Step out the door and you are in the middle of downtown Rehoboth, walk to everything the city has to offer! Great rental for those that want some extra income! Act now and enjoy the upcoming rental income. Condo fee includes heat, A/C, hot water, wifi, trash, and building maintenance.

Last Agent to Sell the Property

Allen Jarmon

(302) 745-5122 ajarmon113@gmail.com NextHome Tomorrow Realty License #RA-0002913 Listed on: 04/20/2019

NextHome Tomorrow Realty

Last Buyer's Agent

Bev Fawcett

(302) 383-1457 bfawcett@pattersonprice.com Patterson Price Real Estate, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $879

Year Built

  • Built in 1974

Lot Details

  • Home fronts navigable water
  • South Facing Home
  • Property is in good condition

HOA Fees

  • $640 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Storage or Cabinetry

Home Design

  • Flat Roof Shape

Interior Spaces

  • 540 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Window Treatments
  • Combination Dining and Living Room
  • Efficiency Studio
  • Security Gate

Kitchen

  • Galley Kitchen
  • Electric Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 1 Full Bathroom

Outdoor Features

  • Water Access
  • Property is near an ocean

Location

  • Flood Risk

Schools

  • Rehoboth Elementary School
  • Beacon Middle School
  • Cape Henlopen High School

Utilities

  • Central Heating and Cooling System
  • Public Septic

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-14.00-608

Community Details

Overview

  • Association fees include laundry, lawn maintenance, management, sewer, trash, water, reserve funds, pool(s), exterior building maintenance, common area maintenance
  • Mid-Rise Condominium
  • One Virginia Ave Community
  • North Rehoboth Subdivision
  • Property Manager

Amenities

  • Laundry Facilities
  • Community Storage Space
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • Limit on the number of pets

Security

  • Security Service
  • Front Desk in Lobby
  • Resident Manager or Management On Site
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$879

Year Built

Built in 1974

Lot Details

0

HOA Fees

$640 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Exclusions: Wall Art
  • Inclusions: Furnished as shown
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Microwave, Oven/Range - Electric, Refrigerator
  • Flooring Type: Carpet, Ceramic Tile
  • Interior Amenities: Built-Ins, Carpet, Combination Dining/Living, Efficiency, Elevator, Floor Plan - Open, Kitchen - Galley, Walk-In Closet(s), Window Treatments
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Common
  • Total Sq Ft: 540
  • Living Area Sq Ft: 540
  • Price Per Sq Ft: 833.33
  • Above Grade Finished Sq Ft: 540
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Roof: Flat
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Additional Storage Area, Underground
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Security: Desk In Lobby, Sprinkler System - Indoor, Resident Manager, Security Gate
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1920.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Elevator, Extra Storage, Laundry Facilities, Pool - Outdoor, Reserved/Assigned Parking, Security, Storage Bin
  • HOA Condo Co-Op Fee Includes: Laundry, Lawn Maintenance, Management, Sewer, Trash, Water, Reserve Funds, Pool(s), Ext Bldg Maint, Common Area Maintenance
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: Listing Agent
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Property Condition: Good
  • Zoning: 2
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Pets: Number Limit
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5196044
  • School Tax: 649.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 879.00
  • Assessor Parcel Number: 334-14.14-14.00-608
  • County Tax Payment Frequency: Annually

Multi Family

  • Federal Flood Zone: VE and X

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2019
Closed on
Jul 16, 2019
Sold by
Grote Richard W and Grote Frances S
Bought by
Elelnwood Llc
Seller's Agent
Allen Jarmon
NextHome Tomorrow Realty
Buyer's Agent
Bev Fawcett
Patterson Price Real Estate, LLC
List Price
$450,000
Sold Price
$430,000
Premium/Discount to List
-$20,000
-4.44%
Current Estimated Value
$750,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320,294
Avg. Annual Appreciation
9.10%

Purchase Details

Listed on
Oct 31, 2014
Closed on
May 13, 2015
Bought by
Grote Richard W and Grote Frances S
Seller's Agent
LISA NICOLETTI
Monument Sotheby's International Realty
Buyer's Agent
Jennifer Swingle
Delaware Coastal Realty
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.75%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Elelnwood Llc $430,000 --
Grote Richard W $400,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/19/2019 07/19/19 Sold $430,000 -4.4% $796 / Sq Ft
06/23/2019 06/23/19 Pending -- -- --
04/20/2019 04/20/19 For Sale $450,000 +12.5% $833 / Sq Ft
05/14/2015 05/14/15 Sold $400,000 0.0% -- View Prior Sale
03/21/2015 03/21/15 Pending -- -- --
10/31/2014 10/31/14 For Sale $400,000 -- --
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 $1,387 $14,950 $0 $14,950
2024 $811 $14,950 $0 $14,950
2023 $810 $14,950 $0 $14,950
2022 $782 $14,950 $0 $14,950
2021 $775 $14,950 $0 $14,950
2020 $772 $14,950 $0 $14,950
2019 $51 $14,950 $0 $14,950
2018 $722 $16,450 $0 $0
2017 $692 $16,450 $0 $0
2016 $657 $16,450 $0 $0
2015 $628 $16,450 $0 $0
2014 $623 $16,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Allen Jarmon

    Seller's Agent in 2019

    Allen Jarmon

    NextHome Tomorrow Realty

    (302) 745-5122

    34 in this area

    72 Total Sales

    Allen Jarmon
    Section Image

  • B

    Buyer's Agent in 2019

    Bev Fawcett

    Patterson Price Real Estate, LLC

    Section Image
  • LISA NICOLETTI

    Seller's Agent in 2015

    LISA NICOLETTI

    OCEAN ATLANTIC SOTHEBYS

    (302) 228-1865

    1 in this area

    2 Total Sales

    LISA NICOLETTI
    Section Image
  • Jennifer Swingle

    Buyer's Agent in 2015

    Jennifer Swingle

    Delaware Coastal Realty

    (302) 542-4352

    9 in this area

    41 Total Sales

    Jennifer Swingle
    Section Image
See All Agents

About One Virginia Avenue

Map

Source: Bright MLS

MLS Number: DESU138894

Bright MLS

APN: 334-14.14-14.00-608

Delaware Sussex County Rehoboth Beach 19971

1 Virginia Ave Unit 608, Rehoboth Beach, DE

Not Listed for Sale

Condos

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