NOT LISTED FOR SALE

Edgewater House 2 Virginia Ave Unit 511 Rehoboth Beach, DE 19971

Estimated Value: $965,000 - $1,072,000

1 Bed
1 Bath
998 Sq Ft
$573/mo HOA Fee

Last Sold April 09, 2012

Last sale price $490,620 $492 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $6,064/month

282 Days on Market

Highlights

  • Concierge
  • Ocean View
  • Waterfront
  • Rehoboth Elementary School Rated A
  • In Ground Pool
  • Furnished

About This Home

As of April 2012

OCEANFRONT condo in downtown Rehoboth-A RARE FIND. This well-maintained 1br/1ba, located on the top floor w/spectacular ocean & beach views from balcony,LR,DR,kit, murphy bed & sleep sofa in LR & 1 assigned garage parking space. Well cared for bldg offers elevator, pool & o/s - steps to beach.

Last Agent to Sell the Property

Allison Bateman

(302) 226-6616 allison@jacklingo.com Jack Lingo - Rehoboth License #RA-0001921 Listed on: 06/04/2011

Jack Lingo - Rehoboth

Last Buyer's Agent

Terry Millman

(302) 226-6640 TERRY@JACKLINGO.COM Jack Lingo - Rehoboth License #RA-0002220

Jack Lingo - Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $942

Year Built

  • Built in 1966

Lot Details

  • Waterfront
  • Partially Fenced Property
  • Landscaped
  • Sprinkler System

HOA Fees

  • $573 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Entry on the 6th floor
  • Pillar, Post or Pier Foundation
  • Rubber Roof
  • Masonry
  • Stucco

Interior Spaces

  • 998 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Insulated Doors
  • Living Room
  • Dining Room

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Bulkhead
  • Balcony

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-23.00-510

Community Details

Overview

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

Amenities

  • Concierge
  • Laundry Facilities
  • Elevator

Recreation

  • Community Pool

Additional Features

  • Trash Expense $255
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$942

Year Built

Built in 1966

Lot Details

0

HOA Fees

$573 per month

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
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Appliances: Dishwasher, Disposal, Exhaust Fan, Microwave, Oven/Range - Electric, Refrigerator, Water Heater
  • Entry Floor: 6
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Ceiling Fan(s), Window Treatments
  • Window Features: Insulated, Screens
  • Fireplace: No
  • Door Features: Insulated
  • Foundation Details: Pillar/Post/Pier
  • Level Count: 6
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 998
  • Living Area Sq Ft: 998
  • Net Sq Ft: 998.00
  • Price Per Sq Ft: 571.04
  • Above Grade Finished Sq Ft: 998
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Stucco
  • Construction Completed: Yes
  • Exterior Features: Lawn Sprinkler, Outside Shower, Sidewalks
  • 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, Paved Driveway, Under Home Parking

Utilities

  • Refuse: 255.00
  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Heat Pump(s)
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • 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: 6880.00
  • HOA Condo Co-Op Amenities: Cable, Concierge, Elevator, Laundry Facilities, Reserved/Assigned Parking, Swimming Pool, Pool - Outdoor, Security
  • HOA: No
  • Community Pool Features: In Ground

Lot Info

  • Fencing: Partially
  • Lot Features: Bulkheaded, Landscaping
  • Outdoor Living Structures: Balcony
  • In City Limits: Yes

Building Info

  • Building Features: Elevator

Rental Info

  • Furnished: Yes
  • Vacation Rental: Yes

Tax Info

  • Tax Annual Amount: 942.00
  • Assessor Parcel Number: 334-14.14-23.00-510
  • County Tax Payment Frequency: Annually

Multi Family

  • Income Expense List: Total Tax Bill

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2011
Closed on
Apr 11, 2012
Sold by
Donald G Donald G and Williams Cynthia
Bought by
Kegel Daniel and Kegel Regina
Seller's Agent
Allison Bateman
Jack Lingo - Rehoboth
Buyer's Agent
Terry Millman
Jack Lingo - Rehoboth
List Price
$490,620
Sold Price
$490,620
Current Estimated Value
$1,013,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$522,547
Avg. Annual Appreciation
5.45%

Purchase Details

Listed on
Jun 4, 2011
Closed on
Apr 5, 2012
Sold by
Donald G Donald G and Williams Cynthia
Bought by
Kegel Daniel and Kegel Regina
Seller's Agent
Allison Bateman
Jack Lingo - Rehoboth
Buyer's Agent
Terry Millman
Jack Lingo - Rehoboth
List Price
$490,620
Sold Price
$490,620
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kegel Daniel $490,620 --
Kegel Daniel $490,620 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2012 04/09/12 Sold $490,620 0.0% $492 / Sq Ft
03/12/2012 03/12/12 Pending -- -- --
06/04/2011 06/04/11 For Sale $490,620 -- $492 / 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 $1,936 $17,550 $0 $17,550
2024 $1,060 $17,550 $0 $17,550
2023 $1,059 $17,550 $0 $17,550
2022 $1,022 $17,550 $0 $17,550
2021 $1,012 $17,550 $0 $17,550
2020 $1,009 $17,550 $0 $17,550
2019 $1,011 $17,550 $0 $17,550
2018 $944 $21,500 $0 $0
2017 $904 $21,500 $0 $0
2016 $859 $21,500 $0 $0
2015 $821 $21,500 $0 $0
2014 $815 $21,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Allison Bateman

    Seller's Agent in 2012

    Allison Bateman

    Jack Lingo - Rehoboth

    (302) 226-6616

    10 in this area

    15 Total Sales

    Allison Bateman
    Section Image
  • Terry Millman

    Buyer's Agent in 2012

    Terry Millman

    Jack Lingo - Rehoboth

    (302) 226-6640

    22 in this area

    49 Total Sales

    Terry Millman
    Section Image
See All Agents

About Edgewater House

Map

Source: Bright MLS

MLS Number: 1000959836

Bright MLS

APN: 334-14.14-23.00-511

Delaware Sussex County Rehoboth Beach 19971

2 Virginia Ave Unit 511, Rehoboth Beach, DE

Not Listed for Sale

Condos

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