NOT LISTED FOR SALE

Estimated Value: $710,000 - $804,000

-- Bed
1 Bath
540 Sq Ft
$706/mo HOA Fee

Last Sold June 16, 2022

Last sale price $760,000 $1,407 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,809/month

Highlights

  • 100 Feet of Waterfront
  • Ocean View
  • Wood Flooring
  • Rehoboth Elementary School Rated A
  • 0.67 Acre Lot
  • Furnished

About This Home

As of June 2022

Exquisite oceanfront condo, fully furnished with unobstructed views of the Atlantic Ocean, beach and boardwalk. Feel the ocean breeze while savoring your coffee in the morning on the private deck. This condo has been fully renovated in 2020/2021 and produced $92,000 in rental income last year! Edgewater House is located in North Rehoboth and provides off street secure parking, outdoor pool and sun deck, on-site resident manager, bike storage, security and elevator. So wake up to the sound of the ocean, stroll on the boardwalk, sun bathe by the pool and enjoy a plethora of nearby restaurants and coffee houses. It's the beach life you've been dreaming about, so contact me for a private tour asap!

Last Agent to Sell the Property

Carol Ann Pala

(302) 312-1794 capala518@gmail.com Monument Sotheby's International Realty License #RS-0025033 Listed on: 05/10/2022

Monument Sotheby's International Realty

Last Buyer's Agent

Brian Barrows

(302) 228-0204 brian@barrowsandassoc.com Monument Sotheby's International Realty License #RA-0020621

Monument Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,229

Year Built

  • Built in 1966

Lot Details

  • 100 Feet of Waterfront
  • Home fronts navigable water
  • Property is in excellent condition

HOA Fees

  • $706 Monthly HOA Fees

Parking

  • 1 Assigned Parking Garage Space

Home Design

  • Entry on the 2nd floor
  • Studio
  • Flat Roof Shape
  • Masonry

Interior Spaces

  • 1 Full Bathroom
  • 540 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Efficiency Studio

Kitchen

  • Cooktop
  • Microwave
  • ENERGY STAR Qualified Refrigerator
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Accessible Home Design

  • Accessible Elevator Installed
  • No Interior Steps

Outdoor Features

  • Water Access
  • Property is near an ocean

Utilities

  • Central Heating and Cooling System
  • High-Efficiency Water Heater
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-23.00-218

Community Details

Overview

  • Association fees include broadband, cable TV, common area maintenance, snow removal, trash, water, sewer, reserve funds
  • Mid-Rise Condominium
  • Edgewater House Condominium Condos, Phone Number (302) 227-3090
  • Edgewater House Community
  • North Rehoboth Subdivision

Recreation

  • Heated Community Pool

Pet Policy

  • Dogs and Cats Allowed

Additional Features

  • Laundry Facilities
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,229

Year Built

Built in 1966

Lot Details

0

HOA Fees

$706 per month

Parking

1

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
  • Accessibility Features: No Stairs, Elevator
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1966
  • Automatically Close On Close Date: No
  • Remarks Public: Exquisite oceanfront condo, fully furnished with unobstructed views of the Atlantic Ocean, beach and boardwalk. Feel the ocean breeze while savoring your coffee in the morning on the private deck. This condo has been fully renovated in 2020/2021 and produced $92,000 in rental income last year! Edgewater House is located in North Rehoboth and provides off street secure parking, outdoor pool and sun deck, on-site resident manager, bike storage, security and elevator. So wake up to the sound of the ocean, stroll on the boardwalk, sun bathe by the pool and enjoy a plethora of nearby restaurants and coffee houses. It's the beach life you've been dreaming about, so contact me for a private tour asap!
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Energy Star Refrigerator, Microwave, Surface Unit, Stainless Steel Appliances, Water Heater - High-Efficiency
  • Entry Floor: 2
  • Flooring Type: Hardwood, Carpet, Ceramic Tile
  • Interior Amenities: Carpet, Efficiency, Studio, Wood Floors
  • Fireplace: No
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Shared
  • Total Sq Ft: 540
  • Living Area Sq Ft: 540
  • Price Per Sq Ft: 1407.41
  • 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: Masonry
  • Roof: Flat
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes
  • Water Frontage In Feet: 100

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Covered Parking
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 706.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Edgewater House Condominium
  • Condo Co-Op Phone: 302-227-3090
  • HOA Condo Co-Op Amenities: Elevator, Laundry Facilities, Pool - Outdoor, Reserved/Assigned Parking, Security
  • HOA Condo Co-Op Fee Includes: Broadband, Cable Tv, Common Area Maintenance, Snow Removal, Trash, Water, Sewer, Reserve Funds
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Heated

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RC
  • Lot Size Acres: 0.67
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 29185.00
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 85000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5196117
  • School Tax: 6383.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 7229.00
  • Assessor Parcel Number: 334-14.14-23.00-218
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 06/16/2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2018
Closed on
Jun 11, 2019
Sold by
Koch Randall L and Koch Collette E
Bought by
Winiarczyk Benjamin H and Winiarczyk Diana L
Seller's Agent
Tracy Kelley
Jack Lingo - Rehoboth
Buyer's Agent
Carol Ann Pala
Monument Sotheby's International Realty
List Price
$362,000
Sold Price
$322,500
Premium/Discount to List
-$39,500
-10.91%
Current Estimated Value
$752,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$429,976
Avg. Annual Appreciation
14.37%

Purchase Details

Closed on
May 28, 1997
Bought by
Koch Randall Lewis and Koch Collette E
Source: Public Records

Range of Values:

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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
Winiarczyk Benjamin H $322,500 --
Koch Randall Lewis -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2022 06/16/22 Sold $760,000 0.0% $1,407 / Sq Ft
05/10/2022 05/10/22 For Sale $760,000 +135.7% $1,407 / Sq Ft
06/10/2019 06/10/19 Sold $322,500 -0.8% --
05/13/2019 05/13/19 Pending -- -- --
05/07/2019 05/07/19 Price Changed $325,000 -7.7% --
10/25/2018 10/25/18 Price Changed $352,100 -2.7% --
06/22/2018 06/22/18 For Sale $362,000 -- --
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

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Map

Source: Bright MLS

MLS Number: DESU2021326

Bright MLS

APN: 334-14.14-23.00-218