Edgewater House 2 Virginia Ave Unit 523 Rehoboth Beach, DE 19971
Estimated Value: $729,000 - $1,171,000
2
Beds
2
Baths
1,375
Sq Ft
$901/mo
HOA Fee
Highlights
- Ocean View
- Beach
- Contemporary Architecture
- Rehoboth Elementary School Rated A
- Water Access
- Attic
About This Home
As of March 2017Your Direct Ocean View is Right Here! This charming 2 BR condominium sleeps 6 comfortably. Both bedrooms are very private with their own full baths. Edgewater House sits at the North end of Rehoboth?s board walk, smartly designed to offer direct and private views of our Atlantic Ocean. Sit back and enjoy the ocean breeze as you people watch from your private balcony or take a dip in the community pool. The views are unbeatable in a relaxed private setting and you can stroll to the beach, boardwalk, shops and restaurants within a stone?s throw distance! This unit is furnished and ?move in? ready! Building also offers covered parking, bicycle storage, and laundry room.
Last Agent to Sell the Property
Jack Lingo - Rehoboth License #RA-0031023 Listed on: 10/01/2015
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,292
Year Built
- Built in 1967
Lot Details
- Cleared Lot
HOA Fees
- $901 Monthly HOA Fees
Parking
- Assigned Parking
Home Design
- Contemporary Architecture
- Flat Roof Shape
- Brick Exterior Construction
- Block Foundation
- Dryvit Stucco
- Composite Building Materials
- Masonry
Interior Spaces
- 1,375 Sq Ft Home
- Property has 1 Level
- Furnished
- Ceiling Fan
- Combination Kitchen and Dining Room
- Carpet
- Attic
Kitchen
- Breakfast Area or Nook
- Electric Oven or Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Poolside Lot
- Water Access
- Property is near an ocean
- Balcony
Utilities
- Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Property is used as a vacation rental
- Assessor Parcel Number 334-14.14-23.00-523
Community Details
Overview
- Mid-Rise Condominium
- Edgewater House Community
- North Rehoboth Subdivision
Amenities
- Laundry Facilities
- Elevator
Recreation
- Beach
- Community Pool
Pet Policy
- Pet Size Limit
Security
- Security Service
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 1, 2015
Closed on
Feb 17, 2017
Sold by
Michael A Corado Rev Trust
Bought by
Schulman Kevin M and Sshulman Michelle G
Seller's Agent
Tracy Kelley
Jack Lingo - Rehoboth
Buyer's Agent
Molly Bayard
Jack Lingo - Rehoboth
List Price
$719,000
Sold Price
$605,000
Premium/Discount to List
-$114,000
-15.86%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$323,914
Avg. Annual Appreciation
5.89%
Original Mortgage
$484,000
Outstanding Balance
$406,341
Interest Rate
4.19%
Mortgage Type
New Conventional
Estimated Equity
$568,517
Similar Homes in Rehoboth Beach, DE
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Schulman Kevin M | $605,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Schulman Kevin M | $484,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/02/2017 03/02/17 | Sold | $605,000 | -15.9% | $440 / Sq Ft |
| 01/28/2017 01/28/17 | Pending | -- | -- | -- |
| 10/01/2015 10/01/15 | For Sale | $719,000 | -- | $523 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,282 | $21,150 | $0 | $21,150 |
| 2023 | $1,280 | $21,150 | $0 | $21,150 |
| 2022 | $1,236 | $21,150 | $0 | $21,150 |
| 2021 | $1,224 | $21,150 | $0 | $21,150 |
| 2020 | $1,221 | $21,150 | $0 | $21,150 |
| 2019 | $1,222 | $21,150 | $0 | $21,150 |
| 2018 | $1,142 | $26,000 | $0 | $0 |
| 2017 | $1,093 | $26,000 | $0 | $0 |
| 2016 | $1,039 | $26,000 | $0 | $0 |
| 2015 | $992 | $26,000 | $0 | $0 |
| 2014 | $985 | $26,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Tracy Kelley
Seller's Agent in 2017
Tracy Kelley
Jack Lingo - Rehoboth
(302) 227-3883
28 in this area
44 Total Sales
-
Molly Bayard
Buyer's Agent in 2017
Molly Bayard
Jack Lingo - Rehoboth
(302) 381-0839
35 in this area
115 Total Sales
About Edgewater House
Map
Source: Bright MLS
MLS Number: 1001010674
APN: 334-14.14-23.00-523
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