NOT LISTED FOR SALE

Edgewater House 2 Virginia Ave Unit 201S Rehoboth Beach, DE 19971

2 Beds
2 Baths
-- Sq Ft
$549/mo HOA Fee

Last Sold May 29, 2020

Last sale price $695,000

Highlights

  • Ocean Front
  • Private Beach
  • 5.67 Acre Lot
  • Rehoboth Elementary School Rated A
  • Water Access
  • Community Indoor Pool

About This Home

As of May 2020

Spacious Sea Colony oceanfront with two bedrooms plus an added bunk room. Broad ocean view with easy access to the beach and pools. Recently remodeled and updated kitchen and magnificently tiled baths. Fun and colorful beach house furnishings are included and make this fully equipped and move-in ready. Excellent rental history with an established clientele. Over $35,000 in summertime rental income.

Last Agent to Sell the Property

William Hand

(443) 880-1980 Bill@billhand.com Long & Foster Real Estate, Inc. License #RA-0020486 Listed on: 11/07/2019

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Bill Cullin

(302) 841-7147 bill.cullin@longandfoster.com Long & Foster Real Estate, Inc. License #RS0018675

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,028

Year Built

  • Built in 1975

Lot Details

  • Ocean Front
  • Home fronts navigable water
  • Private Beach
  • Extensive Hardscape

HOA Fees

  • $549 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Tar and Gravel Roof
  • Built-Up Roof
  • Metal Roof
  • Stone Siding

Interior Spaces

  • Property has 1 Level
  • Furnished

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Lighted Parking
  • Parking Lot
  • Off-Street Parking
  • 1 Assigned Parking Space
  • Secure Parking

Accessible Home Design

  • Accessible Elevator Installed
  • Doors with lever handles
  • Level Entry For Accessibility

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near an ocean
  • Exterior Lighting
  • Outdoor Storage

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-17.00-56.03-201S

Community Details

Overview

  • $618 Recreation Fee
  • $2,000 Capital Contribution Fee
  • Association fees include bus service, cable TV, common area maintenance, custodial services maintenance, exterior building maintenance, high speed internet, insurance, management, reserve funds, trash, water
  • 4 Elevators
  • High-Rise Condominium
  • Sea Colony Edgewater Community
  • Sea Colony East Subdivision
  • Property Manager

Recreation

  • Baseball Field
  • Community Indoor Pool
  • Heated Community Pool
  • Saltwater Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,028

Year Built

Built in 1975

Lot Details

0

HOA Fees

$549 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Doors - Lever Handle(s), Elevator, Level Entry - Main
  • Ownership: Fee Simple
  • Exclusions: Personal belongings and content
  • Inclusions: Sold Completely Furnished and Equipped
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1975
  • Remarks Public: Spacious Sea Colony oceanfront with two bedrooms plus an added bunk room. Broad ocean view with easy access to the beach and pools. Recently remodeled and updated kitchen and magnificently tiled baths. Fun and colorful beach house furnishings are included and make this fully equipped and move-in ready. Excellent rental history with an established clientele. Over $35,000 in summertime rental income.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 2
  • Fireplace: No
  • Elevators Count: 4
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 201

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, Stone
  • Exterior Features: Private Beach, Secure Storage, Sidewalks, Outside Shower, Exterior Lighting, Extensive Hardscape
  • Roof: Built-Up, Metal, Tar/Gravel
  • Spa: No
  • View: Ocean
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned, Lighted Parking, Secure Parking
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 220 Volts, 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1647.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Baseball Field
  • HOA Condo Co-Op Fee Includes: Bus Service, Cable Tv, Common Area Maintenance, Custodial Services Maintenance, Ext Bldg Maint, High Speed Internet, Insurance, Management, Reserve Funds, Trash, Water
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: 618.00
  • Association Recreation Fee: Yes
  • Community Pool Features: Concrete, Heated, Indoor, Saltwater

Fee Information

  • Capital Contribution Fee: 2000.00

Schools

  • School District: INDIAN RIVER
  • School District Key: 300200396898
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 27450.00
  • Land Use Code: RC
  • Lot Size Acres: 5.67
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 246985.00
  • Year Assessed: 2019
  • Zoning: AR-1
  • In City Limits: No

Rental Info

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

Tax Info

  • Assessor Parcel Number: 5115833
  • School Tax: 906.00
  • Tax Annual Amount: 1028.00
  • Assessor Parcel Number: 134-17.00-56.03-201S
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2019
  • Close Date: 05/29/2020

MLS Schools

  • School District Name: INDIAN RIVER

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2020 05/29/20 Sold $695,000 -3.3% --
12/13/2019 12/13/19 Pending -- -- --
11/07/2019 11/07/19 For Sale $719,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • William Hand

    Seller's Agent in 2020

    William Hand

    Long & Foster

    (443) 880-1980

    41 Total Sales

    William Hand
    Section Image
  • Bill Cullin

    Buyer's Agent in 2020

    Bill Cullin

    Long & Foster

    (302) 841-7147

    67 in this area

    186 Total Sales

    Bill Cullin
    Section Image
See All Agents

About Edgewater House

Map

Source: Bright MLS

MLS Number: DESU151252

Bright MLS
Delaware Sussex County Rehoboth Beach 19971

2 Virginia Ave Unit 201S, Rehoboth Beach, DE

This home is located at 2 Virginia Ave Unit 201S, Rehoboth Beach, DE 19971 since 07 November 2019. This property was built in 1975. 2 Virginia Ave Unit 201S 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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