NOT LISTED FOR SALE

Edgewater House 2 Virginia Ave Unit 207 Rehoboth Beach, DE 19971

Estimated Value: $535,000 - $889,009

-- Bed
1 Bath
540 Sq Ft
$522/mo HOA Fee

Last Sold October 25, 2019

Last sale price $347,000 $643 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $4,639/month

Highlights

  • Water Oriented
  • Waterfront
  • Central Air
  • Rehoboth Elementary School Rated A
  • Community Pool
  • Laundry Facilities

About This Home

As of October 2019

OCEANFRONT CONDO! Spectacular views from this studio unit in Edgewater House. Walk out of the building onto Rehoboth Beach's famous boardwalk and beach, or relax by the community pool. Recent renovations make this unit a "best buy." Kitchen has granite counters, new flooring throughout the unit and being sold with new furnishings. A complete turn-key unit with a great rental history.

Last Agent to Sell the Property

Andrew Ratner

(302) 745-9659 andrew.ratner@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty License #RB-0002872 Listed on: 05/22/2019

Berkshire Hathaway HomeServices PenFed Realty

Co-Listed By

Babs Morales

(302) 841-0797 babs@sellingdelawarehomes.com Berkshire Hathaway HomeServices PenFed Realty License #RS-0016340

Last Buyer's Agent

DEBBIE REED

(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229

RE/MAX Realty Group Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $802

Year Built

  • Built in 1966

HOA Fees

  • $522 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Studio
  • Flat Roof Shape

Interior Spaces

  • 1 Full Bathroom
  • 540 Sq Ft Home
  • Property has 3 Levels

Kitchen

  • Electric Oven or Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Outdoor Features

  • Water Oriented
  • Property is near an ocean

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash

Additional Features

  • Waterfront
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-23.00-207

Community Details

Overview

  • Association fees include common area maintenance
  • Mid-Rise Condominium
  • Edgewater House Condos, Phone Number (302) 227-3090
  • Edgewater House Community
  • North Rehoboth Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$802

Year Built

Built in 1966

Lot Details

0

HOA Fees

$522 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Home Warranty: No
  • Inclusions: All furnishings, kitchenware and accessories
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2019-05-23
  • Federal Flood Zone: Yes
  • Year Built: 1966
  • Remarks Public: OCEANFRONT CONDO! Spectacular views from this studio unit in Edgewater House. Walk out of the building onto Rehoboth Beach's famous boardwalk and beach, or relax by the community pool. Recent renovations make this unit a "best buy." Kitchen has granite counters, new flooring throughout the unit and being sold with new furnishings. A complete turn-key unit with a great rental history.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Refrigerator, Oven/Range - Electric, Dishwasher
  • Flooring Type: Carpet, Laminated
  • Interior Amenities: Studio
  • Fireplace: No
  • Floors In Unit Count: 2
  • Levels Count: 3+
  • Basement: No
  • Laundry Type: Common
  • Total Sq Ft: 540
  • Living Area Sq Ft: 540
  • Price Per Sq Ft: 662.04
  • Above Grade Finished Sq Ft: 540
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2

Beds/Baths

  • 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
  • Roof: Flat
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Refuse: 275.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • 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: 6260.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Edgewater House
  • Condo Co-Op Phone: 302-227-3090
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Year Assessed: 2018
  • Zoning: Q
  • In City Limits: Yes

Rental Info

  • Lease Considered: No
  • Pets Allowed: No
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5196106
  • School Tax: 572.00
  • Tax Annual Amount: 802.00
  • Assessor Parcel Number: 334-14.14-23.00-207
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 10/25/2019

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2019
Closed on
Oct 24, 2019
Sold by
Joseph William A and Joseph Melissa M
Bought by
Leonard James and Rapp Pamela
Seller's Agent
Andrew Ratner
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
List Price
$362,500
Sold Price
$347,000
Premium/Discount to List
-$15,500
-4.28%
Current Estimated Value
$755,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$408,002
Avg. Annual Appreciation
14.01%
Original Mortgage
$277,600
Outstanding Balance
$244,217
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$510,785

Purchase Details

Listed on
Jan 27, 2017
Closed on
Jun 2, 2017
Sold by
Doris R Rogers Rev Trust Dated July 28 2
Bought by
Joseph Melissa M and Joseph William A
Seller's Agent
Babs Morales
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Babs Morales
Berkshire Hathaway HomeServices PenFed Realty
List Price
$345,000
Sold Price
$315,000
Premium/Discount to List
-$30,000
-8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.11%

Purchase Details

Closed on
Aug 1, 2011
Bought by
Rogers Doris R (Trustee)
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Leonard James $347,000 --
Joseph Melissa M $630,000 None Available
Rogers Doris R (Trustee) -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leonard James $277,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2019 10/25/19 Sold $347,000 -2.9% $643 / Sq Ft
09/06/2019 09/06/19 Pending -- -- --
07/30/2019 07/30/19 Price Changed $357,500 -1.4% $662 / Sq Ft
05/22/2019 05/22/19 For Sale $362,500 +15.1% $671 / Sq Ft
06/02/2017 06/02/17 Sold $315,000 -8.7% $583 / Sq Ft
05/06/2017 05/06/17 Pending -- -- --
01/27/2017 01/27/17 For Sale $345,000 -- $639 / Sq Ft
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 $1,363 $12,050 $0 $12,050
2024 $715 $12,050 $0 $12,050
2023 $714 $12,050 $0 $12,050
2022 $689 $12,050 $0 $12,050
2021 $683 $12,050 $0 $12,050
2020 $681 $12,050 $0 $12,050
2019 $682 $12,050 $0 $12,050
2018 $637 $14,500 $0 $0
2017 $610 $14,500 $0 $0
2016 $579 $14,500 $0 $0
2015 $553 $14,500 $0 $0
2014 $549 $14,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrew Ratner

    Seller's Agent in 2019

    Andrew Ratner

    BHHS PenFed (actual)

    (302) 745-9659

    2 in this area

    15 Total Sales

    Andrew Ratner
    Section Image
  • Babs Morales

    Seller Co-Listing Agent in 2019

    Babs Morales

    BHHS PenFed (actual)

    (302) 841-0797

    33 in this area

    50 Total Sales

    Babs Morales
    Section Image
  • DEBBIE REED

    Buyer's Agent in 2019

    DEBBIE REED

    RE/MAX

    (302) 227-3818

    273 in this area

    835 Total Sales

    DEBBIE REED
    Section Image

  • S

    Buyer Co-Listing Agent in 2019

    SANDRA JEFFERSON

    RE/MAX

    (302) 226-2277

    1 in this area

    4 Total Sales

    SANDRA JEFFERSON
    Section Image
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About Edgewater House

Map

Source: Bright MLS

MLS Number: DESU139224

Bright MLS

APN: 334-14.14-23.00-207

Delaware Sussex County Rehoboth Beach 19971

2 Virginia Ave Unit 207, Rehoboth Beach, DE

This home is located at 2 Virginia Ave Unit 207, Rehoboth Beach, DE 19971 since 22 May 2019 and is currently estimated at $755,002, approximately $1,398 per square foot. This property was built in 1966. 2 Virginia Ave Unit 207 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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