$315,000
SOLD JUN 2, 2017

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

-- Bed
1 Bath
540 Sq Ft
$433/mo HOA Fee

Recently Sold

$583 Per Sq Ft

9% Below List Price

99 Days on Market

Highlights

  • Ocean View
  • Beach
  • In Ground Pool
  • Rehoboth Elementary School Rated A
  • Water Access
  • Furnished

About This Home

As of October 2019

Ocean Front with Stunning Views of Beach and Rehoboth Beach Boardwalk. Absolutely Adorable Unit with Large Covered Ocean Front Balcony. Sleeps 4 comfortably with 2 twins and a full size Murphy Bed. Steps from the Boardwalk, Beach, Shops and Restaurants of Downtown Rehoboth Beach. Owning at the Edgewater House provides you the spoils of Location, a Secured Building with a Beautiful Lobby, Assigned Garage Parking, Inground Pool and Laundry Facilities. Your perfect Pied-a-terre or an Excellent Rental Property. Priced to Sell!

Last Agent to Sell the Property

Babs Morales

Berkshire Hathaway HomeServices PenFed Realty License #RS-0016340 Listed on: 01/27/2017

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Babs Morales

Berkshire Hathaway HomeServices PenFed Realty License #RS-0016340 Listed on: 01/27/2017

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $758

Year Built

  • Built in 1966

HOA Fees

  • $433 Monthly HOA Fees

Parking

  • 1 Parking Space Included

Home Design

  • Flat Roof Shape
  • Piling Construction
  • Masonry
  • Stucco

Interior Spaces

  • 1 Full Bathroom
  • 540 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Window Treatments
  • Window Screens
  • Combination Kitchen and Living
  • Carpet

Kitchen

  • Galley Kitchen
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Outdoor Features

  • In Ground Pool
  • Water Access
  • Property is near an ocean
  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • Low-Rise Condominium
  • Edgewater House Community
  • North Rehoboth Subdivision

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Beach
  • Community Pool

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$758

Year Built

Built in 1966

Lot Details

0

HOA Fees

$433 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1966
  • Remarks Public: Ocean Front with Stunning Views of Beach and Rehoboth Beach Boardwalk. Absolutely Adorable Unit with Large Covered Ocean Front Balcony. Sleeps 4 comfortably with 2 twins and a full size Murphy Bed. Steps from the Boardwalk, Beach, Shops and Restaurants of Downtown Rehoboth Beach. Owning at the Edgewater House provides you the spoils of Location, a Secured Building with a Beautiful Lobby, Assigned Garage Parking, Inground Pool and Laundry Facilities. Your perfect Pied-a-terre or an Excellent Rental Property. Priced to Sell!
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Refrigerator, Water Heater
  • Entry Floor: 2
  • Flooring Type: Carpet
  • Interior Amenities: Kitchen - Galley, Combination Kitchen/Living, Elevator, Window Treatments
  • Window Features: Screens
  • Fireplace: No
  • Foundation Details: Pilings
  • Floors In Unit Count: 1
  • Level Count: 1
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 540
  • Living Area Sq Ft: 540
  • Net Sq Ft: 540.00
  • Price Per Sq Ft: 601.85
  • 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

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Concrete, Stucco
  • Construction Completed: Yes
  • Pool Features: In Ground
  • Roof: Flat
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal, Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 1
  • Parking Features: Under Home Parking
  • Number Of Parking Spaces Included: 1-Car Parking
  • Total Garage And Parking Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 5200.00
  • HOA Condo Co-Op Amenities: Beach, Cable, Elevator, Laundry Facilities, Pool - Outdoor, Swimming Pool, Security
  • HOA: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony
  • Zoning Description: TOWN CODES
  • In City Limits: Yes

Building Info

  • Building Features: Elevator

Rental Info

  • Furnished: Yes
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5196106
  • Tax Annual Amount: 758.00
  • Assessor Parcel Number: 334-14.14-23.00-207
  • County Tax Payment Frequency: Annually
  • Close Date: 06/02/2017

Multi Family

  • Income Expense List: Total Tax Bill

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
$748,475

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$401,475
Avg. Annual Appreciation
14.49%
Original Mortgage
$277,600
Outstanding Balance
$245,795
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$502,680

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

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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 $347,000 --
Deed $630,000 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $277,600 New Conventional
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
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

    39 in this area

    62 Total Sales

    Babs Morales
    Section Image
  • DEBBIE REED

    Buyer's Agent in 2019

    DEBBIE REED

    RE/MAX

    (302) 227-3818

    293 in this area

    880 Total Sales

    DEBBIE REED
    Section Image

  • S

    Buyer Co-Listing Agent in 2019

    SANDRA JEFFERSON

    RE/MAX

    (302) 226-2277

    1 in this area

    5 Total Sales

    SANDRA JEFFERSON
    Section Image
See All Agents

About Edgewater House

Map

Source: Bright MLS

MLS Number: 1001025268

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 and is currently priced at $315,000, approximately $583 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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