NOT LISTED FOR SALE

Edgewater House 2 Virginia Ave Unit 513 Rehoboth Beach, DE 19971

Estimated Value: $661,000 - $794,000

-- Bed
1 Bath
540 Sq Ft
$531/mo HOA Fee

Last Sold September 29, 2017

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

Est. 128% increase in value since last sale

Current estimated payment $4,710/month

28 Days on Market

Highlights

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

About This Home

As of September 2017

Oceanfront studio in North Rehoboth Beach with breathtaking ocean views. Enjoy all that Downtown Rehoboth has to offer as you're just minutes walking distance to restaurants & shopping. Edgewater House is a secure building with a resident manager, private outdoor pool, an assigned parking space & laundry facilities. Call to see this great beach retreat and good investment opportunity.

Last Agent to Sell the Property

Bill Mann

Mann & Sons, Inc. License #RB-0020454 Listed on: 08/08/2017

Last Buyer's Agent

Bill Mann

Mann & Sons, Inc. License #RB-0020454 Listed on: 08/08/2017

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $700

Year Built

  • Built in 1966

Lot Details

  • Waterfront

HOA Fees

  • $531 Monthly HOA Fees

Home Design

  • Flat Roof Shape
  • Piling Construction
  • Composite Building Materials
  • Masonry

Interior Spaces

  • 1 Full Bathroom
  • 540 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Window Screens

Kitchen

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

Flooring

  • Carpet
  • Tile or Brick

Home Security

Parking

  • 1 Parking Space Included
  • Assigned Parking

Outdoor Features

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

Utilities

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

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-23.00-513

Community Details

Overview

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

Recreation

  • Community Pool

Security

  • Security Service
  • Storm Windows

Additional Features

  • Elevator
  • Trash Expense $275

Property Details

Home Type

Condominium

Est. Annual Taxes

$700

Year Built

Built in 1966

Lot Details

0

HOA Fees

$531 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
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1966
  • Remarks Public: Oceanfront studio in North Rehoboth Beach with breathtaking ocean views. Enjoy all that Downtown Rehoboth has to offer as you're just minutes walking distance to restaurants & shopping. Edgewater House is a secure building with a resident manager, private outdoor pool, an assigned parking space & laundry facilities. Call to see this great beach retreat and good investment opportunity.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, Water Heater
  • Entry Floor: 5
  • Flooring Type: Carpet, Tile/Brick
  • Window Features: Screens, Storm
  • Fireplace: No
  • Foundation Details: Pilings
  • Floors In Unit Count: 1
  • Level Count: 1
  • Levels Count: 1
  • 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: 638.89
  • 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, Composition
  • 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, Under Home Parking
  • Number Of Parking Spaces Included: 1-Car Parking
  • Total Garage And Parking Spaces: 1

Utilities

  • Refuse: 275.00
  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Forced Air
  • 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: 6375.00
  • HOA Condo Co-Op Amenities: 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
  • Total Actual Rent: 9455.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5196139
  • Tax Annual Amount: 700.00
  • Assessor Parcel Number: 334-14.14-23.00-513
  • County Tax Payment Frequency: Annually
  • Close Date: 09/29/2017

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

Closed on
Apr 7, 2022
Sold by
Martha Feldman Revocable Trust
Bought by
Levin Henry Laughton and Vitale Susan E
Current Estimated Value
$741,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$354,443
Interest Rate
3.91%
Mortgage Type
New Conventional
Estimated Equity
$361,687

Purchase Details

Listed on
Aug 8, 2017
Closed on
Sep 29, 2017
Sold by
Cherny Ute A
Bought by
Martha Feldman Rev Trust Dated Nov 15
Seller's Agent
Bill Mann
Mann & Sons, Inc.
Buyer's Agent
Bill Mann
Mann & Sons, Inc.
List Price
$345,000
Sold Price
$325,000
Premium/Discount to List
-$20,000
-5.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.72%
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
Levin Henry Laughton $700,000 Smith Firm Llc
Martha Feldman Rev Trust Dated Nov 15 $325,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levin Henry Laughton $420,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2017 09/29/17 Sold $325,000 -5.8% $602 / Sq Ft
09/05/2017 09/05/17 Pending -- -- --
08/08/2017 08/08/17 For Sale $345,000 -- $639 / 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 $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

  • Bill Mann

    Seller's Agent in 2017

    Bill Mann

    Mann & Sons, Inc.

    (302) 542-1696

    2 in this area

    5 Total Sales

    Bill Mann
    Section Image
See All Agents

About Edgewater House

Map

Source: Bright MLS

MLS Number: 1001032282

Bright MLS

APN: 334-14.14-23.00-513

Delaware Sussex County Rehoboth Beach 19971

2 Virginia Ave Unit 513, Rehoboth Beach, DE

This home is located at 2 Virginia Ave Unit 513, Rehoboth Beach, DE 19971 since 08 August 2017 and is currently estimated at $741,831, approximately $1,373 per square foot. This property was built in 1966. 2 Virginia Ave Unit 513 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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