NOT LISTED FOR SALE

11 Virginia Ave Unit 303 Rehoboth Beach, DE 19971

Estimated Value: $697,440 - $790,000

1 Bed
1 Bath
-- Sq Ft
1972 Built

Last Sold September 27, 2016

Last sale price $450,000

Est. 66% increase in value since last sale

Current estimated payment $4,215/month

579 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Furnished
  • Rehoboth Elementary School Rated A
  • Coastal Architecture
  • 4-minute walk to Lake Gerar Park

About This Home

As of September 2016

The best condo building in Rehoboth Beach, THE CREST! A one bedroom flat, 1/2 block to beach. Ocean view, bright open floor plan. New kitchen with granite counter top, back splash, new dish washer, fresh paint, furnished, private balcony, and a good rental. Building offers pool, elevator, off street parking. Water and sewer included in the condo fee. A little bit of heaven found at 303 The Crest !!! Buy now and settle in time to enjoy the beach in autumn and all of the festivals! The Sea Witch Festival, The Jazz Festival, The Film Festival. Thanksgiving weekend and the lighting of the Christmas Tree, and all of the winter "Restaurant Dinner Deals" with no long lines!

Last Agent to Sell the Property

Suzanne Landon

Jack Lingo - Rehoboth License #RS-0006820 Listed on: 01/16/2015

Jack Lingo - Rehoboth

Last Buyer's Agent

Lindsay Dodge

The Parker Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $788

Year Built

  • Built in 1972

Home Design

  • Coastal Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation
  • Rubber Roof
  • Masonry

Interior Spaces

  • Property has 3 Levels
  • Furnished
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Insulated Doors
  • Living Room
  • Combination Kitchen and Dining Room
  • Ocean Views

Kitchen

  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 1 Bedroom
  • En-Suite Primary Bedroom
  • 1 Full Bathroom

Parking

  • Shared Driveway
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • In Ground Pool
  • Balcony

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-17.00-303

Community Details

Overview

  • Property has a Home Owners Association
  • High-Rise Condominium
  • Crest Community
  • North Rehoboth Subdivision

Recreation

  • Community Pool

Additional Features

  • Trash Expense $255
  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$788

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Coastal, Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1972
  • Remarks Public: The best condo building in Rehoboth Beach, THE CREST! A one bedroom flat, 1/2 block to beach. Ocean view, bright open floor plan. New kitchen with granite counter top, back splash, new dish washer, fresh paint, furnished, private balcony, and a good rental. Building offers pool, elevator, off street parking. Water and sewer included in the condo fee. A little bit of heaven found at 303 The Crest !!! Buy now and settle in time to enjoy the beach in autumn and all of the festivals! The Sea Witch Festival, The Jazz Festival, The Film Festival. Thanksgiving weekend and the lighting of the Christmas Tree, and all of the winter "Restaurant Dinner Deals" with no long lines!
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Dishwasher, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, Water Heater
  • Entry Floor: 303
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Combination Kitchen/Dining, Ceiling Fan(s), Elevator, Window Treatments
  • Window Features: Insulated, Screens
  • Fireplace: No
  • Door Features: Insulated
  • Foundation Details: Block
  • Floors In Unit Count: 1
  • Level Count: 4
  • Levels Count: 3+
  • Room Count: 4
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen
  • Basement: No
  • Street Number Modifier: 11

Beds/Baths

  • Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

  • Construction Materials: Masonry, Brick
  • Construction Completed: Yes
  • Pool Features: In Ground
  • Roof: Flat, Rubber
  • View: Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal, Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Assigned, Shared Driveway, Concrete Driveway
  • Type Of Parking: Off Street, Driveway

Utilities

  • Refuse: 255.00
  • Central Air Conditioning: No
  • Cooling Type: Heat Pump(s)
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2992.00
  • HOA Condo Co-Op Amenities: Elevator, Swimming Pool, Pool - Outdoor
  • HOA: No
  • Community Pool Features: In Ground

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Outdoor Living Structures: Balcony
  • In City Limits: Yes

Building Info

  • Building Features: Elevator

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 20000.00
  • Vacation Rental: Yes

Tax Info

  • Tax Annual Amount: 788.00
  • Assessor Parcel Number: 334-14.14-17.00-303
  • County Tax Payment Frequency: Annually
  • Close Date: 09/27/2016

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2015
Closed on
Sep 26, 2016
Sold by
Edb Llc
Bought by
Zimmer Steven P
Seller's Agent
Suzanne Landon
Jack Lingo - Rehoboth
Buyer's Agent
Lindsay Dodge
The Parker Group
List Price
$450,000
Sold Price
$450,000
Current Estimated Value
$747,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,360
Avg. Annual Appreciation
6.58%
Original Mortgage
$250,000
Outstanding Balance
$203,094
Interest Rate
3.46%
Mortgage Type
New Conventional
Estimated Equity
$583,498

Purchase Details

Listed on
Oct 11, 2012
Closed on
Apr 5, 2013
Sold by
Kibler Kathryn Jean
Bought by
Edb Llc
Seller's Agent
DERRICK LINGO
Jack Lingo - Rehoboth
Buyer's Agent
Suzanne Landon
Jack Lingo - Rehoboth
List Price
$445,000
Sold Price
$445,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.32%
Source: Public Records

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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
Zimmer Steven P $450,000 None Available
Edb Llc $445,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zimmer Steven P $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2016 09/27/16 Sold $450,000 0.0% --
08/17/2016 08/17/16 Pending -- -- --
01/16/2015 01/16/15 For Sale $450,000 +1.1% --
04/02/2013 04/02/13 Sold $445,000 0.0% --
03/08/2013 03/08/13 Pending -- -- --
10/11/2012 10/11/12 For Sale $445,000 -- --
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 $803 $13,500 $0 $13,500
2023 $803 $13,500 $0 $13,500
2022 $775 $13,500 $0 $13,500
2021 $768 $13,500 $0 $13,500
2020 $765 $13,500 $0 $13,500
2019 $766 $13,500 $0 $13,500
2018 $716 $16,300 $0 $0
2017 $685 $16,300 $0 $0
2016 $651 $16,300 $0 $0
2015 $622 $16,300 $0 $0
2014 $618 $16,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001002380

Bright MLS

APN: 334-14.14-17.00-303