Seller's Agent in 2021
Elizabeth Dorman
Coldwell Banker Premier - Rehoboth
(302) 381-2777
27 in this area
194 Total Sales
17 Olive Ave Rehoboth Beach, DE 19971
Estimated Value: $481,171 - $3,236,000
5
Beds
4
Baths
2,980
Sq Ft
$764/Sq Ft
Est. Value
Highlights
- Building is oceanfront but unit may not have water views
- Deck
- Traditional Architecture
- Rehoboth Elementary School Rated A
- Traditional Floor Plan
- Main Floor Bedroom
About This Home
As of June 2021Sought after location - this OCEAN BLOCK single family home is situated on an over-sized lot, just steps from the beach and boardwalk. Offering 5 bedrooms (2 master suites) and 2 living areas, ideal for a family retreat or for the investment buyer. Enjoy people watching from multiple decks or relax outback on the enclosed porch overlooking the backyard. Fantastic opportunity to own at the beach! 2019 income - $83,900+.
Last Agent to Sell the Property
(302) 381-2777 beth@bethdorman.com Coldwell Banker Premier - Rehoboth Listed on: 08/04/2020
Co-Listed By
(302) 542-4255 knewcomb@cbanker.com Coldwell Banker Premier - Rehoboth License #RA-0003510
Last Buyer's Agent
(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,384
Year Built
- Built in 2000
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 62.00 x 100.00
- Building is oceanfront but unit may not have water views
- Property is in very good condition
- Property is zoned TN
Home Design
- Traditional Architecture
- Frame Construction
- Architectural Shingle Roof
Interior Spaces
- 2,980 Sq Ft Home
- Property has 2 Levels
- Traditional Floor Plan
- Furnished
- 1 Fireplace
- Window Treatments
- Window Screens
- Family Room Off Kitchen
- Dining Area
- Crawl Space
Kitchen
- Electric Oven or Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- En-Suite Bathroom
- Soaking Tub
Laundry
- Dryer
- Washer
Parking
- 3 Parking Spaces
- 3 Driveway Spaces
Outdoor Features
- Outdoor Shower
- Balcony
- Deck
- Porch
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
- Municipal Trash
- Cable TV Available
Community Details
- No Home Owners Association
- North Rehoboth Subdivision
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 17
- Assessor Parcel Number 334-14.13-344.01
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 4, 2020
Closed on
Jun 3, 2021
Sold by
3D Investments Llc
Bought by
Palmer Timothy and Palmer Nicola
Seller's Agent
Elizabeth Dorman
Coldwell Banker Premier - Rehoboth
Buyer's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
List Price
$2,375,000
Sold Price
$2,250,000
Premium/Discount to List
-$125,000
-5.26%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,390
Avg. Annual Appreciation
0.27%
Original Mortgage
$1,462,500
Outstanding Balance
$1,315,670
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$960,720
Purchase Details
Closed on
Aug 3, 2020
Sold by
Ronald T Moore Bus T
Bought by
3D Investments Llc
Purchase Details
Closed on
Mar 1, 2000
Bought by
Moore Ronald T
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Palmer Timothy | $2,250,000 | None Available | |
| Palmer Timothy | $2,250,000 | None Available | |
| 3D Investments Llc | -- | None Available | |
| Moore Ronald T | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Palmer Timothy | $1,462,500 | |
| Closed | Palmer Timothy | $1,462,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/03/2021 06/03/21 | Sold | $2,250,000 | -5.3% | $755 / Sq Ft |
| 04/30/2021 04/30/21 | Pending | -- | -- | -- |
| 08/04/2020 08/04/20 | For Sale | $2,375,000 | -- | $797 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $5,717 | $52,950 | $17,050 | $35,900 |
| 2024 | $2,736 | $52,950 | $17,050 | $35,900 |
| 2023 | $2,608 | $52,950 | $17,050 | $35,900 |
| 2022 | $2,517 | $52,950 | $17,050 | $35,900 |
| 2021 | $2,493 | $52,950 | $17,050 | $35,900 |
| 2020 | $2,486 | $52,950 | $17,050 | $35,900 |
| 2019 | $2,490 | $52,950 | $17,050 | $35,900 |
| 2018 | $2,325 | $52,950 | $0 | $0 |
| 2017 | $2,227 | $52,950 | $0 | $0 |
| 2016 | $2,115 | $52,950 | $0 | $0 |
| 2015 | $2,021 | $52,950 | $0 | $0 |
| 2014 | $2,006 | $52,950 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Elizabeth Dorman
-
Kathy Newcomb
Seller Co-Listing Agent in 2021
Kathy Newcomb
Coldwell Banker Premier - Rehoboth
(302) 542-4255
20 in this area
180 Total Sales
-
DEBBIE REED
Buyer's Agent in 2021
DEBBIE REED
RE/MAX
(302) 227-3818
273 in this area
834 Total Sales
-
Jessica Harrison
Buyer Co-Listing Agent in 2021
Jessica Harrison
Patterson Schwartz
(302) 858-2021
44 in this area
147 Total Sales
Map
Source: Bright MLS
MLS Number: DESU166118
APN: 334-14.13-344.01
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