$820,000
SOLD NOV 28, 2018

One Virginia Avenue 1 Virginia Ave Unit 802 Rehoboth Beach, DE 19971

2 Beds
2 Baths
-- Sq Ft
$955/mo HOA Fee

Recently Sold

4% Below List Price

18 Days on Market

Highlights

  • Contemporary Architecture
  • Furnished
  • Subterranean Parking
  • Rehoboth Elementary School Rated A
  • Community Pool
  • 4-minute walk to Lake Gerar Park

About This Home

As of January 2025

Beautifully remodeled 2BR/2BA unit. Sold fully furnished. Two balconies, ocean front building, beautiful views, pool sundeck, laundry, on site management. Condo fees are $2,864 per quarter. Condo fees include heat, a/c, hot water, long term reserve contribution and wifi.

Last Agent to Sell the Property

JUDITH PROUSE

Patterson-Schwartz-Rehoboth Listed on: 09/22/2018

Last Buyer's Agent

JUDITH PROUSE

Patterson-Schwartz-Rehoboth Listed on: 09/22/2018

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,404

Year Built

  • Built in 1974

HOA Fees

  • $955 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Block Foundation

Interior Spaces

  • Property has 3 Levels
  • Furnished
  • Basement
  • Garage Access

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Heating Available
  • 100 Amp Service
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Listing and Financial Details

  • Tax Lot -802
  • Assessor Parcel Number 334-14.14-14.00-802

Community Details

Overview

  • Association fees include pool(s)
  • One Virginia Ave Community

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,404

Year Built

Built in 1974

Lot Details

0

HOA Fees

$955 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1974
  • Remarks Public: Beautifully remodeled 2BR/2BA unit. Sold fully furnished. Two balconies, ocean front building, beautiful views, pool sundeck, laundry, on site management. Condo fees are $2,864 per quarter. Condo fees include heat, a/c, hot water, long term reserve contribution and wifi.
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Foundation Details: Block
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Garage Access
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Underground, Garage Door Opener
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2864.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Fee Includes: Pool(s)
  • HOA: No
  • Senior Community: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Units: Square Feet
  • Zoning: GR
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5196060
  • School Tax: 1024.00
  • Tax Annual Amount: 1404.00
  • Assessor Parcel Number: 334-14.14-14.00-802
  • Tax Lot: -802
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 11/28/2018

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2025
Closed on
Jan 9, 2025
Sold by
Bruce F Powers Revocable Trust and Phyllis M Powers Revocable Trust
Bought by
Rosenfeld Sheera Beth and Gwathmey David A
Seller's Agent
Bill Cullin
Long & Foster Real Estate, Inc.
Buyer's Agent
Adam Linder
Northrop Realty
List Price
$1,175,000
Sold Price
$1,100,000
Premium/Discount to List
-$75,000
-6.38%
Views
12
Current Estimated Value
$1,124,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,414
Avg. Annual Appreciation
0.12%
Original Mortgage
$746,250
Outstanding Balance
$743,688
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$356,879

Purchase Details

Listed on
Sep 22, 2018
Closed on
Nov 28, 2018
Sold by
Smull Richard N and Smull Ann L
Bought by
Bruce F Powers Ret
Seller's Agent
JUDITH PROUSE
Patterson-Schwartz-Rehoboth
Buyer's Agent
JUDITH PROUSE
Patterson-Schwartz-Rehoboth
List Price
$850,000
Sold Price
$820,000
Premium/Discount to List
-$30,000
-3.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.92%
Original Mortgage
$225,000
Interest Rate
4.8%
Mortgage Type
New Conventional
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $1,100,000 None Listed On Document
Deed $820,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $746,250 New Conventional
Previous Owner $225,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $225,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2025 01/10/25 Sold $1,100,000 -6.4% $1,168 / Sq Ft
01/10/2025 01/10/25 Pending -- -- --
01/10/2025 01/10/25 For Sale $1,175,000 +43.3% $1,247 / Sq Ft
11/28/2018 11/28/18 Sold $820,000 -3.5% --
10/10/2018 10/10/18 Pending -- -- --
09/22/2018 09/22/18 For Sale $850,000 -- --
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
2024 $1,279 $23,500 $0 $23,500
2023 $1,278 $23,500 $0 $23,500
2022 $1,233 $23,500 $0 $23,500
2021 $1,222 $23,500 $0 $23,500
2020 $1,218 $23,500 $0 $23,500
2019 $1,220 $23,500 $0 $23,500
2018 $1,140 $25,950 $0 $0
2017 $1,091 $25,950 $0 $0
2016 $1,037 $25,950 $0 $0
2015 $990 $25,950 $0 $0
2014 $983 $25,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1006633960

Bright MLS

APN: 334-14.14-14.00-802