NOT LISTED FOR SALE

Edgewater House 2 Virginia Ave Unit 508 Rehoboth Beach, DE 19971

Estimated Value: $664,657 - $770,000

-- Bed
1 Bath
540 Sq Ft
1966 Built

Last Sold July 31, 2014

Last sale price $325,000 $602 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $3,996/month

Highlights

  • Ocean View
  • In Ground Pool
  • Elevator
  • Rehoboth Elementary School Rated A
  • Waterfront
  • Balcony

About This Home

As of July 2014

Direct Oceanfront Fifth Floor efficiency with a Pool. Listen to the waves crashing on the beach and watch the sunrise over the ocean from your very own suite. Excellent investment. Park the car and enjoy all Rehoboth Beach has to offer. Award winning restaurants, shopping, parks, bike paths.

Last Agent to Sell the Property

Carla Campbell

(302) 542-5534 carla@beachteam.com Monument Sotheby's International Realty License #RA-0003577 Listed on: 05/19/2014

Monument Sotheby's International Realty

Co-Listed By

PAT CAMPBELL-WHITE

(302) 542-1488 pat@beachteam.com Monument Sotheby's International Realty License #RA0001517

Last Buyer's Agent

Shirley Kalvinsky

(302) 227-3883 shirley@jacklingo.com Jack Lingo - Rehoboth License #RA0001681

Jack Lingo - Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $752

Year Built

  • Built in 1966

Lot Details

  • Waterfront

Parking

  • Assigned Parking

Home Design

  • Entry on the 5th floor
  • Rubber Roof
  • Piling Construction
  • Dryvit Stucco
  • Masonry
  • Stucco

Interior Spaces

  • 1 Full Bathroom
  • 540 Sq Ft Home
  • Property has 3 Levels
  • Insulated Windows
  • Window Screens
  • Insulated Doors
  • Living Room
  • Dining Room
  • Storage Room
  • Laundry Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Balcony

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 334-14.14-23.00-508

Community Details

Overview

  • Property has a Home Owners Association
  • Mid-Rise Condominium
  • Edgewater House Community
  • North Rehoboth Subdivision

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Community Pool

Building Details

  • Trash Expense $230

Property Details

Home Type

Condominium

Est. Annual Taxes

$752

Year Built

Built in 1966

Lot Details

0

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
  • Historic: No
  • New Construction: No
  • Year Built: 1966
  • Remarks Public: Direct Oceanfront Fifth Floor efficiency with a Pool. Listen to the waves crashing on the beach and watch the sunrise over the ocean from your very own suite. Excellent investment. Park the car and enjoy all Rehoboth Beach has to offer. Award winning restaurants, shopping, parks, bike paths.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Refrigerator, Water Heater
  • Entry Floor: 5
  • Flooring Type: Carpet, Vinyl
  • Window Features: Insulated, Screens
  • Fireplace: No
  • Door Features: Insulated
  • Foundation Details: Pilings
  • Floors In Unit Count: 1
  • Level Count: 5
  • Levels Count: 3+
  • Room Count: 6
  • Room List: Living Room, Dining Room, Kitchen, Laundry, Storage Room
  • Basement: Yes
  • Basement Type: Full
  • Living Area Units: Square Feet
  • Total Sq Ft: 540
  • Living Area Sq Ft: 540
  • Net Sq Ft: 540.00
  • Price Per Sq Ft: 648.15
  • 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, Dryvit, Stucco
  • Construction Completed: Yes
  • Pool Features: In Ground
  • Roof: Rubber
  • 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
  • Parking Features: Assigned, Concrete Driveway, Under Home Parking

Utilities

  • Refuse: 230.00
  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 4800.00
  • HOA Condo Co-Op Amenities: Cable, Elevator, Laundry Facilities, Reserved/Assigned Parking, Pool - Outdoor, Swimming Pool
  • HOA: No

Schools

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

Lot Info

  • Outdoor Living Structures: Balcony
  • In City Limits: Yes

Building Info

  • Building Features: Elevator

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5196134
  • Tax Annual Amount: 752.00
  • Assessor Parcel Number: 334-14.14-23.00-508
  • County Tax Payment Frequency: Annually
  • Close Date: 07/31/2014

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2014
Closed on
Jul 29, 2014
Sold by
Patricia Patricia
Bought by
Swift John F and Bowman Ronald D
Seller's Agent
Carla Campbell
Monument Sotheby's International Realty
Buyer's Agent
Shirley Kalvinsky
Jack Lingo - Rehoboth
List Price
$325,000
Sold Price
$325,000
Current Estimated Value
$732,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$407,164
Avg. Annual Appreciation
7.53%
Original Mortgage
$243,750
Outstanding Balance
$133,285
Interest Rate
4.09%
Mortgage Type
Unknown
Estimated Equity
$598,880

Purchase Details

Closed on
Dec 13, 2013
Sold by
Howard D Gregory
Bought by
Scrimgeour Patricia Gay

Purchase Details

Closed on
Dec 2, 2013
Sold by
Howard D Gregory
Bought by
Scrimgeour Patricia Gay
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Swift John F $325,000 --
Scrimgeour Patricia Gay -- --
Howard D Gregory -- --
Scrimgeour Patricia Gay -- --
Howard D Gregory -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swift John F $243,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2014 07/31/14 Sold $325,000 0.0% $602 / Sq Ft
07/08/2014 07/08/14 Pending -- -- --
05/19/2014 05/19/14 For Sale $325,000 -- $602 / 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
2025 $1,364 $12,400 $0 $12,400
2024 $739 $12,400 $0 $12,400
2023 $739 $12,400 $0 $12,400
2022 $713 $12,400 $0 $12,400
2021 $706 $12,400 $0 $12,400
2020 $704 $12,400 $0 $12,400
2019 $705 $12,400 $0 $12,400
2018 $659 $15,000 $0 $0
2017 $631 $15,000 $0 $0
2016 $599 $15,000 $0 $0
2015 $573 $15,000 $0 $0
2014 $568 $15,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carla Campbell

    Seller's Agent in 2014

    Carla Campbell

    OCEAN ATLANTIC SOTHEBYS

    (302) 542-5534

    25 in this area

    62 Total Sales

    Carla Campbell
    Section Image
  • PAT CAMPBELL-WHITE

    Seller Co-Listing Agent in 2014

    PAT CAMPBELL-WHITE

    OCEAN ATLANTIC SOTHEBYS

    (302) 542-1488

    13 in this area

    38 Total Sales

    PAT CAMPBELL-WHITE
    Section Image
  • Shirley Kalvinsky

    Buyer's Agent in 2014

    Shirley Kalvinsky

    Jack Lingo - Rehoboth

    (302) 227-3883

    36 in this area

    76 Total Sales

    Shirley Kalvinsky
    Section Image
See All Agents

About Edgewater House

Map

Source: Bright MLS

MLS Number: 1000982614

Bright MLS

APN: 334-14.14-23.00-508

Delaware Sussex County Rehoboth Beach 19971

2 Virginia Ave Unit 508, Rehoboth Beach, DE

This home is located at 2 Virginia Ave Unit 508, Rehoboth Beach, DE 19971 since 19 May 2014 and is currently estimated at $732,164, approximately $1,355 per square foot. This property was built in 1966. 2 Virginia Ave Unit 508 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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