NOT LISTED FOR SALE

Edgewater House 2 Virginia Ave Unit 211 Rehoboth Beach, DE 19971

Estimated Value: $531,000 - $911,000

1 Bed
1 Bath
997 Sq Ft
$843/mo HOA Fee

Last Sold November 15, 2019

Last sale price $470,000 $471 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $4,952/month

15 Days on Market

Highlights

  • Ocean View
  • Home fronts navigable water
  • Furnished
  • Rehoboth Elementary School Rated A
  • Water Access
  • Community Pool

About This Home

As of November 2019

Enjoy amazing views of the ocean & beach. This turn-key one-bedroom, excluding artwork, is nearly 1,000 s.f. of living space. Edgewater House is a secure building with a resident manager, maintenance staff, private outdoor pool with lounging area, one assigned parking space & coin-op laundry facilities. Call today to arrange a tour.

Last Agent to Sell the Property

Bill Mann

Mann & Sons, Inc. License #RB-0020454 Listed on: 09/23/2019

Last Buyer's Agent

DEBBIE REED

RE/MAX Realty Group Rehoboth License #RS-0010229

RE/MAX Realty Group Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $978

Year Built

  • Built in 1966

Lot Details

  • Home fronts navigable water
  • North Facing Home

HOA Fees

  • $843 Monthly HOA Fees

Home Design

  • Flat Roof Shape
  • Piling Construction
  • Composite Building Materials
  • Masonry

Interior Spaces

  • 997 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Window Screens
  • Entrance Foyer
  • Living Room

Kitchen

  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Home Security

Parking

  • 1 Parking Space Included
  • Off-Street Parking
  • 1 Assigned Parking Space

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Balcony

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-23.00-211

Community Details

Overview

  • Association fees include pool(s), management, high speed internet, reserve funds, water
  • Low-Rise Condominium
  • Edgewater House Condos, Phone Number (302) 227-3090
  • Edgewater House Community
  • North Rehoboth Subdivision
  • Property Manager

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • Limit on the number of pets

Building Details

  • Trash Expense $275

Security

  • Security Service
  • Resident Manager or Management On Site
  • Storm Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$978

Year Built

Built in 1966

Lot Details

0

HOA Fees

$843 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: Furnishing except artwork
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1966
  • Remarks Public: Enjoy amazing views of the ocean & beach. This turn-key one-bedroom, excluding artwork, is nearly 1,000 s.f. of living space. Edgewater House is a secure building with a resident manager, maintenance staff, private outdoor pool with lounging area, one assigned parking space & coin-op laundry facilities. Call today to arrange a tour.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, Water Heater
  • Entry Floor: 2
  • Flooring Type: Carpet, Tile/Brick
  • Window Features: Screens, Storm
  • Fireplace: No
  • Foundation Details: Pilings
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Room Count: 4
  • Room List: Living Room, Foyer, Bedroom 1, Bathroom 1
  • Basement: No
  • Laundry Type: Common
  • Total Sq Ft: 997
  • Living Area Sq Ft: 997
  • Net Sq Ft: 997.00
  • Price Per Sq Ft: 500.50
  • Above Grade Finished Sq Ft: 997
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Composition
  • Roof: Flat
  • 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
  • Open Parking Spaces Count: 1
  • Parking Features: Assigned
  • Number Of Parking Spaces Included: 1-Car Parking
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 10115.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Edgewater House
  • Condo Co-Op Phone: 302-227-3090
  • HOA Condo Co-Op Amenities: Elevator, Laundry Facilities, Reserved/Assigned Parking, Pool - Outdoor, Swimming Pool, Security
  • HOA Condo Co-Op Fee Includes: Pool(s), Management, High Speed Internet, Reserve Funds, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground

Schools

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

Lot Info

  • Horses: No
  • Outdoor Living Structures: Balcony
  • Zoning: TOWN
  • In City Limits: Yes

Building Info

  • Building Features: Elevator

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Pets: Number Limit
  • Pets Allowed: Yes
  • Total Actual Rent: 18400.00
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5196110
  • Tax Annual Amount: 978.00
  • Assessor Parcel Number: 334-14.14-23.00-211
  • County Tax Payment Frequency: Annually
  • Close Date: 11/15/2019

Multi Family

  • Federal Flood Zone: VE

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2019
Closed on
Nov 12, 2019
Sold by
Leonard H Smith Ret
Bought by
Eugene & Sara Reiss Ret
Seller's Agent
Bill Mann
Mann & Sons, Inc.
Buyer's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
List Price
$499,000
Sold Price
$470,000
Premium/Discount to List
-$29,000
-5.81%
Current Estimated Value
$725,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,348
Avg. Annual Appreciation
8.03%

Purchase Details

Closed on
Feb 2, 2011
Bought by
Smith Leonard H (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 Buyer Sale Price Title Company
Eugene & Sara Reiss Ret $470,000 --
Smith Leonard H (Trustee) -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2019 11/15/19 Sold $470,000 -5.8% $471 / Sq Ft
10/08/2019 10/08/19 Pending -- -- --
09/23/2019 09/23/19 For Sale $499,000 -- $501 / 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 $1,010 $16,750 $0 $16,750
2023 $1,010 $16,750 $0 $16,750
2022 $974 $16,750 $0 $16,750
2021 $965 $16,750 $0 $16,750
2020 $962 $16,750 $0 $16,750
2019 $964 $16,750 $0 $16,750
2018 $900 $20,500 $0 $0
2017 $862 $20,500 $0 $0
2016 $819 $20,500 $0 $0
2015 $782 $20,500 $0 $0
2014 $777 $20,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bill Mann

    Seller's Agent in 2019

    Bill Mann

    Mann & Sons, Inc.

    (302) 542-1696

    2 in this area

    5 Total Sales

    Bill Mann
    Section Image
  • DEBBIE REED

    Buyer's Agent in 2019

    DEBBIE REED

    RE/MAX

    (302) 227-3818

    296 in this area

    887 Total Sales

    DEBBIE REED
    Section Image

  • T

    Buyer Co-Listing Agent in 2019

    TIFFANY CARVER-OMALLEY

    RE/MAX

    (302) 312-1173

    22 in this area

    137 Total Sales

    TIFFANY CARVER-OMALLEY
    Section Image
See All Agents

About Edgewater House

Map

Source: Bright MLS

MLS Number: DESU148578

Bright MLS

APN: 334-14.14-23.00-211

Delaware Sussex County Rehoboth Beach 19971

2 Virginia Ave Unit 211, Rehoboth Beach, DE

This home is located at 2 Virginia Ave Unit 211, Rehoboth Beach, DE 19971 since 23 September 2019 and is currently estimated at $725,348, approximately $727 per square foot. This property was built in 1966. 2 Virginia Ave Unit 211 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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