NOT LISTED FOR SALE

11 Virginia Ave Unit 203 Rehoboth Beach, DE 19971

Estimated Value: $666,162 - $853,000

1 Bed
1 Bath
-- Sq Ft
$279/mo HOA Fee

Last Sold July 27, 2020

Last sale price $461,000

Est. 61% increase in value since last sale

Current estimated payment $4,321/month

Highlights

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

About This Home

As of July 2020

Ocean block condo available just in time for summer! Spacious and renovated one bedroom one bath in pristine condition. The Crest condominiums is an 18 unit garden style building and has plenty of great amenities- aside from being steps off of the north end of the Rehoboth Beach boardwalk. The building has a pool, storage area, laundry area, elevator, parking lot, and an exterior locked entrance. The condo itself is on the second floor, and has a bright and open floor plan. The kitchen and bathroom have been recently updated along with the flooring, lighting and HVAC. In the morning you can grab your coffee and have some quiet time on your balcony that overlooks the pool and has an ocean view. All of the wonderful things that Rehoboth has to offer are within walking distance. Go visit any of the award winning restaurants, go for a ride on the merry go round, put your toes in the sand, or just take a stroll down the boardwalk. Whatever you decide to do, you will make lasting memories and be able to relax in comfort in this wonderful home! Schedule your appointment today.

Last Agent to Sell the Property

Kate DiCesare

(302) 367-4161 dicesarekate@gmail.com Iron Valley Real Estate at The Beach License #RA-0031009 Listed on: 06/17/2020

Iron Valley Real Estate at The Beach

Last Buyer's Agent

Terri Favata

(302) 242-1782 terrifavata@gmail.com Elevated Real Estate Solutions License #RB-0030962

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $851

Year Built

  • Built in 1972 | Remodeled in 2012

Lot Details

  • 915

HOA Fees

  • $279 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Entry on the 2nd floor

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Family Room Off Kitchen
  • Intercom
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom
  • Walk-in Shower

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Balcony

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Municipal Trash
  • Cable TV Available

Additional Features

  • Home fronts navigable water
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 334-14.14-17.00-203

Community Details

Overview

  • Association fees include pool(s)
  • 1 Elevator
  • Low-Rise Condominium
  • Crest Community
  • North Rehoboth Subdivision

Amenities

  • Laundry Facilities
  • Community Storage Space

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$851

Year Built

Built in 1972 | Remodeled in 2012

Lot Details

0

HOA Fees

$279 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Exclusions: Artwork, personal property
  • Inclusions: Fully furnished
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1972
  • Year Renovated: 2012
  • Remarks Public: Ocean block condo available just in time for summer! Spacious and renovated one bedroom one bath in pristine condition. The Crest condominiums is an 18 unit garden style building and has plenty of great amenities- aside from being steps off of the north end of the Rehoboth Beach boardwalk. The building has a pool, storage area, laundry area, elevator, parking lot, and an exterior locked entrance. The condo itself is on the second floor, and has a bright and open floor plan. The kitchen and bathroom have been recently updated along with the flooring, lighting and HVAC. In the morning you can grab your coffee and have some quiet time on your balcony that overlooks the pool and has an ocean view. All of the wonderful things that Rehoboth has to offer are within walking distance. Go visit any of the award winning restaurants, go for a ride on the merry go round, put your toes in the sand, or just take a stroll down the boardwalk. Whatever you decide to do, you will make lasting memories and be able to relax in comfort in this wonderful home! Schedule your appointment today.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 2
  • Interior Amenities: Breakfast Area, Ceiling Fan(s), Family Room Off Kitchen, Floor Plan - Open, Intercom, Stall Shower
  • Fireplace: No
  • Elevators Count: 1
  • Levels Count: 3
  • Room Count: 4
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 11

Beds/Baths

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

Exterior Features

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

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3348.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Extra Storage, Laundry Facilities, Pool - Outdoor, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Pool(s)
  • HOA: No
  • Senior Community: No
  • Community Pool Features: Concrete, Fenced, In Ground

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony
  • Year Assessed: 2019
  • Zoning: 2
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5196077
  • School Tax: 553.00
  • Tax Annual Amount: 851.00
  • Assessor Parcel Number: 334-14.14-17.00-203
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 07/27/2020

Multi Family

  • Federal Flood Zone: AO

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2020
Closed on
Jul 27, 2020
Sold by
Holmes Thomas M and Holmes Lisa C
Bought by
Mateyak John A and Mateyak Jody A
Seller's Agent
Kate DiCesare
Iron Valley Real Estate at The Beach
Buyer's Agent
Terri Favata
Elevated Real Estate Solutions
List Price
$510,000
Sold Price
$461,000
Premium/Discount to List
-$49,000
-9.61%
Current Estimated Value
$742,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,541
Avg. Annual Appreciation
9.66%
Original Mortgage
$345,750
Outstanding Balance
$307,271
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$435,270
Source: Public Records

Range of Values:

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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
Mateyak John A $461,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mateyak John A $345,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2020 07/27/20 Sold $461,000 -5.7% --
07/04/2020 07/04/20 Pending -- -- --
06/29/2020 06/29/20 Price Changed $489,000 -2.0% --
06/20/2020 06/20/20 Price Changed $499,000 -2.2% --
06/17/2020 06/17/20 For Sale $510,000 -- --
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 $1,264 $13,000 $0 $13,000
2024 $771 $13,000 $0 $13,000
2023 $771 $13,000 $0 $13,000
2022 $744 $13,000 $0 $13,000
2021 $737 $13,000 $0 $13,000
2020 $735 $13,000 $0 $13,000
2019 $736 $13,000 $0 $13,000
2018 $687 $15,650 $0 $0
2017 $658 $15,650 $0 $0
2016 $625 $15,650 $0 $0
2015 $597 $15,650 $0 $0
2014 $593 $15,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kate DiCesare

    Seller's Agent in 2020

    Kate DiCesare

    Iron Valley Real Estate at The Beach

    (302) 367-4161

    2 in this area

    33 Total Sales

    Kate DiCesare
    Section Image
  • Terri Favata

    Buyer's Agent in 2020

    Terri Favata

    Elevated Real Estate Solutions

    (302) 242-1782

    133 Total Sales

    Terri Favata
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU162874

Bright MLS

APN: 334-14.14-17.00-203

Delaware Sussex County Rehoboth Beach 19971

11 Virginia Ave Unit 203, Rehoboth Beach, DE

This home is located at 11 Virginia Ave Unit 203, Rehoboth Beach, DE 19971 since 17 June 2020 and is currently estimated at $742,541. This property was built in 1972. 11 Virginia Ave Unit 203 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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