NOT LISTED FOR SALE

Edgewater House 2 Virginia Ave Unit 225 Rehoboth Beach, DE 19971

Estimated Value: $769,000 - $1,118,000

2 Beds
2 Baths
-- Sq Ft
$1,127/mo HOA Fee

Last Sold July 10, 2020

Last sale price $575,000

Est. 63% increase in value since last sale

Current estimated payment $6,293/month

Highlights

  • Home fronts navigable water
  • Water Access
  • Furnished
  • Rehoboth Elementary School Rated A
  • Main Floor Bedroom
  • Community Pool

About This Home

As of July 2020

Oceanfront turn-key 2 master bedroom unit with a patio providing access directly to the boardwalk/beach. Resident managers, pool with spacious patio area & elevator are just some of the building amenities. The condo fees include water, sewer, trash & WiFi. Edgewater House is a popular building for vacationers. Makes for an good investment property or second home.

Last Agent to Sell the Property

Bill Mann

(302) 542-1696 Bill@MannAndSons.com Mann & Sons, Inc. License #RB-0020454 Listed on: 05/19/2020

Last Buyer's Agent

Skip Faust

(302) 745-8764 skip@skipfaust.com Coldwell Banker Premier - Rehoboth License #RA-0002618

Coldwell Banker Premier - Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,545

Year Built

  • Built in 1966

Lot Details

  • Home fronts navigable water
  • Property is in good condition

HOA Fees

  • $1,127 Monthly HOA Fees

Parking

  • 1 Assigned Subterranean Space

Home Design

  • Entry on the 2nd floor
  • Rubber Roof
  • Masonry

Interior Spaces

  • Property has 2 Levels
  • Furnished
  • Combination Dining and Living Room
  • Finished Basement
  • Laundry in Basement
  • Surveillance System

Kitchen

  • Electric Oven or Range
  • Stove
  • Built-In Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • Bathtub with Shower

Outdoor Features

  • Water Access
  • Property is near an ocean

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-23.00-225

Community Details

Overview

  • Association fees include common area maintenance, heat, high speed internet, insurance, management, pool(s), reserve funds
  • 54 Units
  • Mid-Rise Condominium
  • Edgewater House Condominium Condos, Phone Number (302) 227-3090
  • Edgewater House Community
  • North Rehoboth Subdivision
  • Property Manager

Amenities

  • Laundry Facilities
  • 1 Elevator

Recreation

  • Community Pool

Pet Policy

  • Limit on the number of pets

Security

  • Security Service
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,545

Year Built

Built in 1966

Lot Details

0

HOA Fees

$1,127 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
  • Ownership: Condominium
  • Exclusions: Personal items
  • Historic: No
  • Home Warranty: No
  • Inclusions: Furnishings
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1966
  • Remarks Public: Oceanfront turn-key 2 master bedroom unit with a patio providing access directly to the boardwalk/beach. Resident managers, pool with spacious patio area & elevator are just some of the building amenities. The condo fees include water, sewer, trash & WiFi. Edgewater House is a popular building for vacationers. Makes for an good investment property or second home.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Oven/Range - Electric, Refrigerator, Stove, Water Heater
  • Entry Floor: 2
  • Flooring Type: Carpet, Laminated
  • Interior Amenities: Carpet, Combination Dining/Living, Entry Level Bedroom, Flat, Tub Shower
  • Fireplace: No
  • Elevators Count: 1
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Fully Finished
  • Laundry Type: Basement
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Roof: Rubber
  • Spa: No
  • Water Access: Yes
  • Water Body Name: Atlantic
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Garage Features: Underground
  • 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: Forced Air
  • Heating: Yes
  • Security: Resident Manager, Surveillance Sys
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Phone Available, Electric Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 13525.00
  • Condo Co-Op Fee Frequency: Annually
  • 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: Common Area Maintenance, Heat, High Speed Internet, Insurance, Management, Pool(s), Reserve Funds
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Fenced, In Ground

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
  • Property Condition: Good
  • Year Assessed: 2019
  • Zoning: TN
  • Zoning Description: Town
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5196124
  • School Tax: 998.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1545.00
  • Assessor Parcel Number: 334-14.14-23.00-225
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 07/10/2020

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
May 19, 2020
Closed on
Jul 10, 2020
Sold by
Lois M Neil Lt
Bought by
Odonnell James E and Cook Elaine M
Seller's Agent
Bill Mann
Mann & Sons, Inc.
Buyer's Agent
Skip Faust
Coldwell Banker Premier - Rehoboth
List Price
$599,000
Sold Price
$575,000
Premium/Discount to List
-$24,000
-4.01%
Current Estimated Value
$937,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$362,635
Avg. Annual Appreciation
9.80%
Original Mortgage
$431,000
Outstanding Balance
$382,891
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$554,744
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
Odonnell James E $575,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Odonnell James E $431,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2020 07/10/20 Sold $575,000 -4.0% --
05/22/2020 05/22/20 Pending -- -- --
05/19/2020 05/19/20 For Sale $599,000 -- --
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 $2,339 $20,300 $0 $20,300
2024 $1,232 $20,300 $0 $20,300
2023 $1,231 $20,300 $0 $20,300
2022 $1,188 $20,300 $0 $20,300
2021 $1,177 $20,300 $0 $20,300
2020 $1,174 $20,300 $0 $20,300
2019 $1,175 $20,300 $0 $20,300
2018 $1,098 $25,000 $0 $0
2017 $1,051 $25,000 $0 $0
2016 $999 $25,000 $0 $0
2015 $954 $25,000 $0 $0
2014 $947 $25,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bill Mann

    Seller's Agent in 2020

    Bill Mann

    Mann & Sons, Inc.

    (302) 542-1696

    1 in this area

    3 Total Sales

    Bill Mann
    Section Image
  • Skip Faust

    Buyer's Agent in 2020

    Skip Faust

    Coldwell Banker Premier - Rehoboth

    (302) 745-8764

    29 in this area

    158 Total Sales

    Skip Faust
    Section Image
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About Edgewater House

Map

Source: Bright MLS

MLS Number: DESU161114

Bright MLS

APN: 334-14.14-23.00-225

Delaware Sussex County Rehoboth Beach 19971

2 Virginia Ave Unit 225, Rehoboth Beach, DE

This home is located at 2 Virginia Ave Unit 225, Rehoboth Beach, DE 19971 since 19 May 2020 and is currently estimated at $937,635. This property was built in 1966. 2 Virginia Ave Unit 225 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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