$445,000
SOLD APR 2, 2013

11 Virginia Ave Unit 303 Rehoboth Beach, DE 19971

1 Bed
1 Bath
-- Sq Ft
1972 Built

Recently Sold

148 Days on Market

Highlights

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

About This Home

As of September 2016

Private 3rd fl. unit sold furnished in the beach block!Great rental potential w/ floor to ceiling windows, private balcony & open living/dining kitchen area. Building offers private parking, swimming pool, elevator, ground level storage, & roof top deck! Water, sewer,incl. in condo fee.

Last Agent to Sell the Property

DERRICK LINGO

Jack Lingo - Rehoboth Listed on: 10/11/2012

Co-Listed By

Tracy Kelley

Jack Lingo - Rehoboth License #RA-0031023

Last Buyer's Agent

Suzanne Landon

Jack Lingo - Rehoboth License #RS-0006820

Jack Lingo - Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $664

Year Built

  • Built in 1972

Parking

  • Assigned Parking

Home Design

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

Interior Spaces

  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Window Screens
  • Living Room
  • Combination Kitchen and Dining Room
  • Carpet
  • Ocean Views

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Balcony

Utilities

  • 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
  • Low-Rise Condominium
  • Crest Community
  • North Rehoboth Subdivision

Recreation

  • Beach

Building Details

  • Trash Expense $255

Property Details

Home Type

Condominium

Est. Annual Taxes

$664

Year Built

Built in 1972

Lot Details

0

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
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1972
  • Remarks Public: Private 3rd fl. unit sold furnished in the beach block!Great rental potential w/ floor to ceiling windows, private balcony & open living/dining kitchen area. Building offers private parking, swimming pool, elevator, ground level storage, & roof top deck! Water, sewer,incl. in condo fee.
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Microwave, Oven/Range - Electric, Water Heater
  • Entry Floor: 3
  • Flooring Type: Carpet
  • Interior Amenities: Combination Kitchen/Dining, Ceiling Fan(s), Window Treatments
  • Window Features: Screens
  • Fireplace: No
  • Foundation Details: Block
  • Level Count: 1
  • Levels Count: 1
  • Room Count: 4
  • Room List: Living Room, Dining Room, 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
  • Exterior Features: Sidewalks
  • Roof: Flat, Rubber
  • View: Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Assigned

Utilities

  • Refuse: 255.00
  • Central Air Conditioning: No
  • Cooling Type: Heat Pump(s)
  • Heating Type: 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: 2574.00
  • HOA Condo Co-Op Amenities: Beach
  • HOA: No

Schools

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

Lot Info

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

Rental Info

  • Furnished: Yes
  • Vacation Rental: Yes

Tax Info

  • Tax Annual Amount: 664.00
  • Assessor Parcel Number: 334-14.14-17.00-303
  • County Tax Payment Frequency: Annually
  • Close Date: 04/02/2013

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
$746,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$296,117
Avg. Annual Appreciation
6.06%
Original Mortgage
$250,000
Outstanding Balance
$203,094
Interest Rate
3.46%
Mortgage Type
New Conventional
Estimated Equity
$553,844

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 Type Sale Price Title Company
Deed $450,000 None Available
Deed $445,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 New Conventional
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: 1000969298

Bright MLS

APN: 334-14.14-17.00-303