NOT LISTED FOR SALE

Edgewater House 2 Virginia Ave Unit 214 Rehoboth Beach, DE 19971

Estimated Value: $574,072 - $802,000

-- Bed
1 Bath
540 Sq Ft
$508/mo HOA Fee

Last Sold February 22, 2018

Last sale price $318,000 $589 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $4,398/month

207 Days on Market

Highlights

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

About This Home

As of February 2018

Seller Offering $3000 Credit towards Buyers Closing Costs! Direct Ocean Front Unit with Large Covered Balcony, Full Kitchen, Full Bath, Pool, Covered Parking, Secure Building and Laundry Facilities. This is your perfect, maintenance free condo at the beach with stunning views! This unit comes fully furnished allowing you to move right in and enjoy everything that Rehoboth Beach has to offer - award winning mile long Boardwalk, world renown restaurants, tax-free shopping, amusements for the kids, free ocean front concerts every weekend and a small town atmosphere with big city amenities. This unit offers a Fully equipped Kitchen, a Full Tiled Bath, Murphy Bed and Twin Bed with room for an additional Twin Bed. Condo fee covers insurance including flood insurance, sewer, building maintenance, pool, assigned parking, and WIFI. There's nothing better than a beach vacation except actually living at the beach - this is your opportunity! Adorable Unit!

Last Agent to Sell the Property

Babs Morales

Berkshire Hathaway HomeServices PenFed Realty License #RS-0016340 Listed on: 06/05/2017

Berkshire Hathaway HomeServices PenFed Realty

Co-Listed By

Gale DiBona

Berkshire Hathaway HomeServices PenFed Realty License #RS-0024196

Last Buyer's Agent

Kathy McGuiness

Jack Lingo - Rehoboth

Jack Lingo - Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $699

Year Built

  • Built in 1966

HOA Fees

  • $508 Monthly HOA Fees

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
  • Family Room
  • Combination Kitchen and Living
  • Carpet

Kitchen

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

Home Security

Parking

  • 1 Parking Space Included
  • Covered Parking
  • Assigned Parking

Outdoor Features

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

Utilities

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

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-23.00-214

Community Details

Overview

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

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Beach
  • Community Pool

Building Details

  • Trash Expense $250

Security

  • Security Service
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$699

Year Built

Built in 1966

Lot Details

0

HOA Fees

$508 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: Seller Offering $3000 Credit towards Buyers Closing Costs! Direct Ocean Front Unit with Large Covered Balcony, Full Kitchen, Full Bath, Pool, Covered Parking, Secure Building and Laundry Facilities. This is your perfect, maintenance free condo at the beach with stunning views! This unit comes fully furnished allowing you to move right in and enjoy everything that Rehoboth Beach has to offer - award winning mile long Boardwalk, world renown restaurants, tax-free shopping, amusements for the kids, free ocean front concerts every weekend and a small town atmosphere with big city amenities. This unit offers a Fully equipped Kitchen, a Full Tiled Bath, Murphy Bed and Twin Bed with room for an additional Twin Bed. Condo fee covers insurance including flood insurance, sewer, building maintenance, pool, assigned parking, and WIFI. There's nothing better than a beach vacation except actually living at the beach - this is your opportunity! Adorable Unit!
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Exhaust Fan, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, Water Heater
  • Entry Floor: 2
  • Flooring Type: Carpet
  • Interior Amenities: Combination Kitchen/Living, Elevator, Window Treatments
  • Window Features: Screens
  • Fireplace: No
  • Door Features: Storm
  • Foundation Details: Pilings
  • Floors In Unit Count: 1
  • Level Count: 1
  • Levels Count: 1
  • Room Count: 2
  • Room List: Kitchen, Family Room
  • 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: 616.67
  • 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: Assigned, Concrete Driveway, Under Home Parking
  • Garage Features: Covered Parking
  • Number Of Parking Spaces Included: 1-Car Parking
  • Total Garage And Parking Spaces: 1

Utilities

  • Refuse: 250.00
  • 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
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 6090.00
  • HOA Condo Co-Op Amenities: Beach, Elevator, Laundry Facilities, Reserved/Assigned Parking, 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: 5196113
  • Tax Annual Amount: 699.00
  • Assessor Parcel Number: 334-14.14-23.00-214
  • County Tax Payment Frequency: Annually
  • Close Date: 02/22/2018

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2017
Closed on
Feb 8, 2018
Sold by
Lacey John W and Lacey Digna M
Bought by
Harmon Hunter
Seller's Agent
Babs Morales
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Kathy McGuiness
Jack Lingo - Rehoboth
List Price
$333,000
Sold Price
$318,000
Premium/Discount to List
-$15,000
-4.5%
Current Estimated Value
$690,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$372,018
Avg. Annual Appreciation
11.35%
Original Mortgage
$254,400
Outstanding Balance
$219,209
Interest Rate
4.15%
Mortgage Type
Unknown
Estimated Equity
$482,205
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
Harmon Hunter $318,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harmon Hunter D $254,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2018 02/22/18 Sold $318,000 -4.5% $589 / Sq Ft
12/29/2017 12/29/17 Pending -- -- --
06/05/2017 06/05/17 For Sale $333,000 -- $617 / 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

  • Babs Morales

    Seller's Agent in 2018

    Babs Morales

    BHHS PenFed (actual)

    (302) 841-0797

    40 in this area

    63 Total Sales

    Babs Morales
    Section Image

  • G

    Seller Co-Listing Agent in 2018

    Gale DiBona

    BHHS PenFed (actual)

    (610) 405-8229

    11 in this area

    19 Total Sales

    Gale DiBona
    Section Image
  • Kathy McGuiness

    Buyer's Agent in 2018

    Kathy McGuiness

    Jack Lingo - Rehoboth

    (302) 245-8644

    1 Total Sale

    Kathy McGuiness
    Section Image
See All Agents

About Edgewater House

Map

Source: Bright MLS

MLS Number: 1001030184

Bright MLS

APN: 334-14.14-23.00-214

Delaware Sussex County Rehoboth Beach 19971

2 Virginia Ave Unit 214, Rehoboth Beach, DE

This home is located at 2 Virginia Ave Unit 214, Rehoboth Beach, DE 19971 since 05 June 2017 and is currently estimated at $690,018, approximately $1,277 per square foot. This property was built in 1966. 2 Virginia Ave Unit 214 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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