NOT LISTED FOR SALE

Edgewater House 2 Virginia Ave Unit 521 Rehoboth Beach, DE 19971

Estimated Value: $482,000 - $843,000

-- Bed
1 Bath
-- Sq Ft
$705/mo HOA Fee

Last Sold March 31, 2022

Last sale price $598,000

Est. 17% increase in value since last sale

Current estimated payment $4,649/month

4 Days on Market

Highlights

  • 300 Feet of Waterfront
  • Ocean View
  • Public Water Access
  • Rehoboth Elementary School Rated A
  • Sandy Beach
  • Contemporary Architecture

About This Home

As of March 2022

Truly a Beachfront/Boardwalk Gem! Don't miss this rarely available OCEAN FRONT SOUTHERN CORNER UNIT Condo! One of the best views in Rehoboth Beach. This Meticulously maintained studio retreat is the perfect beach condo that you've been waiting for. Enjoy your morning coffee with these great ocean views from your private balcony with early morning sunrises that will take your breathe away!
Features: Newly updated sliding glass door, hurricane shutters, 2018 HVAC and Vents, freshly painted, premium assigned garage parking, SPECTACULAR VIEWS OF THE ATLANTIC OCEAN and much more! .. Condo dues also include onsite pool, water, sewer, WiFi and flood insurance, HVAC maintenance.
Enjoy walking the Iconic Rehoboth boardwalk, close to Shopping, Dining and Entertainment!

Last Agent to Sell the Property

Mary Jo Cole

Keller Williams Realty License #RS0024856 Listed on: 02/25/2022

Keller Williams Realty

Last Buyer's Agent

Kim Hitchens

Dave McCarthy & Associates, Inc. License #RS-0014663

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,601

Year Built

  • Built in 1966

Lot Details

  • 300 Feet of Waterfront
  • Ocean Front
  • Home fronts navigable water
  • Sandy Beach
  • Public Beach

HOA Fees

  • $705 Monthly HOA Fees

Parking

  • Assigned Parking Garage Space
  • Oversized Parking
  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Masonry

Interior Spaces

  • Property has 1 Level
  • Furnished
  • Sliding Doors
  • Living Room

Kitchen

  • Eat-In Kitchen
  • Stove
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • 1 Full Bathroom

Outdoor Features

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

Location

  • Flood Risk

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-23.00-521

Community Details

Overview

  • Association fees include common area maintenance
  • 1 Elevator
  • Mid-Rise Condominium
  • Edgewater House Condo
  • Edgewater House Community
  • Property Manager

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,601

Year Built

Built in 1966

Lot Details

0

HOA Fees

$705 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Exclusions: Staging items listed in inventory
  • Home Warranty: No
  • Inclusions: Furnished with exclusions
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-02-27
  • Federal Flood Zone: Yes
  • Year Built: 1966
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Truly a Beachfront/Boardwalk Gem! Don't miss this rarely available OCEAN FRONT SOUTHERN CORNER UNIT Condo! One of the best views in Rehoboth Beach. This Meticulously maintained studio retreat is the perfect beach condo that you've been waiting for. Enjoy your morning coffee with these great ocean views from your private balcony with early morning sunrises that will take your breathe away! Features: Newly updated sliding glass door, hurricane shutters, 2018 HVAC and Vents, freshly painted, premium assigned garage parking, SPECTACULAR VIEWS OF THE ATLANTIC OCEAN and much more! .. Condo dues also include onsite pool, water, sewer, WiFi and flood insurance, HVAC maintenance. Enjoy walking the Iconic Rehoboth boardwalk, close to Shopping, Dining and Entertainment!
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Stove
  • Entry Floor: 1
  • Interior Amenities: Kitchen - Eat-In
  • Fireplace: No
  • Door Features: Sliding Glass
  • Elevators Count: 1
  • Floors In Unit Count: 5
  • Levels Count: 1
  • Room List: Living Room, Primary Bedroom, Kitchen
  • Basement: No
  • 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 Features: Public Access, Public Beach
  • 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: 300

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: No
  • Garage Features: Covered Parking, Oversized
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage, On Street
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2116.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Edgewater House Condo
  • HOA Condo Co-Op Amenities: Laundry Facilities, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance
  • HOA: No
  • Senior Community: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 12400.00
  • Land Assessed Value: 2600.00
  • Land Use Code: RC
  • Lot Features: Corner
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony
  • Year Assessed: 2021
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Lease Considered: No
  • Pets: Number Limit, Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5196147
  • School Tax: 640.00
  • Tax Annual Amount: 1601.00
  • Assessor Parcel Number: 334-14.14-23.00-521
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 03/31/2022

Multi Family

  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2022
Closed on
Mar 31, 2022
Sold by
Caracciolo Anthony J
Bought by
Webster Adrienne and Finch James Peter
Seller's Agent
Mary Jo Cole
Keller Williams Realty
Buyer's Agent
Kim Hitchens
Dave McCarthy & Associates, Inc.
List Price
$589,000
Sold Price
$598,000
Premium/Discount to List
$9,000
1.53%
Current Estimated Value
$699,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,431
Avg. Annual Appreciation
4.95%
Original Mortgage
$448,500
Outstanding Balance
$401,400
Interest Rate
3.91%
Mortgage Type
New Conventional
Estimated Equity
$298,031

Purchase Details

Closed on
Jan 23, 2012
Bought by
Caracciolo Anthony J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,079
Interest Rate
4.4%

Purchase Details

Closed on
Dec 24, 2010
Bought by
Caracciolo Anthony J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,079
Interest Rate
4.4%
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
Webster Adrienne $598,000 Tunnell & Raysor Pa
Caracciolo Anthony J -- --
Caracciolo Anthony J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Webster Adrienne $448,500
Closed Webster Adrienne $448,500
Previous Owner Caracciolo Anthony J $344,600
Previous Owner Caracciolo Anthony J $346,079
Previous Owner Caracciolo Anthony J $346,079
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $598,000 +1.5% --
02/25/2022 02/25/22 For Sale $589,000 -- --
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
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

  • Mary Jo Cole

    Seller's Agent in 2022

    Mary Jo Cole

    Keller Williams Realty

    (443) 615-4986

    3 in this area

    138 Total Sales

    Mary Jo Cole
    Section Image
  • Kim Hitchens

    Buyer's Agent in 2022

    Kim Hitchens

    Dave McCarthy & Associates, Inc.

    (302) 381-1071

    33 in this area

    104 Total Sales

    Kim Hitchens
    Section Image
See All Agents

About Edgewater House

Map

Source: Bright MLS

MLS Number: DESU2016152

Bright MLS

APN: 334-14.14-23.00-521

Delaware Sussex County Rehoboth Beach 19971

2 Virginia Ave Unit 521, Rehoboth Beach, DE

This home is located at 2 Virginia Ave Unit 521, Rehoboth Beach, DE 19971 since 25 February 2022 and is currently estimated at $699,431. This property was built in 1966. 2 Virginia Ave Unit 521 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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