NOT LISTED FOR SALE

20969 Rogers Ave Unit B Rehoboth Beach, DE 19971

Estimated Value: $686,000 - $753,000

5 Beds
3 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold June 09, 2021

Last sale price $542,500

Est. 34% increase in value since last sale

Current estimated payment $4,097/month

3 Days on Market

Highlights

  • Bayside
  • Coastal Architecture
  • Central Air
  • Rehoboth Elementary School Rated A
  • Furnished
  • Heat Pump System

About This Home

As of June 2021

Spacious condo in Forgotten Mile with excellent rental history! NO land lease and just one small annual Condo insurance fee! Short walk to the ocean, Jolly Trolly, and Dewey nightlife. The home features updated HVAC, new floors, and new flat roof on sun deck. This unit features the second and third floors and shares lot with just two other units. Main living level has family room and eat in kitchen with LVP floors. 4 bedrooms and 2 baths on main level including first master suite. Top level features another master bed/bath plus loft area which could be used for more sleeping area. Step outside to welcome guests or take in the sunshine on the rooftop deck. Two assigned off street parking spots. Dead end street outside of Dewey town limits- extremely low taxes. Excellent rental history- grossed over $25k even in Pandemic 2020, higher in previous years. Sale subject to existing rentals for summer 2021. Go to settlement and get instant cash flow! Sold furnished, motivated sellers. Schedule tour now. Owner is a licensed DE REALTOR.

Last Listed By

Maggie Haass

Burns & Ellis Realtors License #RA-0020638 Listed on: 05/03/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $512

Year Built

  • Built in 2004

Lot Details

  • 4,792

Home Design

  • Coastal Architecture
  • Flat Roof Shape
  • Shingle Roof
  • Stick Built Home

Interior Spaces

  • Property has 2 Levels
  • Furnished
  • Crawl Space
  • Laundry on upper level

Bedrooms and Bathrooms

Parking

  • 2 Off-Street Spaces
  • 2 Assigned Parking Spaces

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Exterior Lighting
  • Bayside

Community Details

  • Property has a Home Owners Association
  • Low-Rise Condominium
  • Ocean Walk Condos
  • Ann Acres Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-20.13-52.00-B

Property Details

Home Type

Condominium

Est. Annual Taxes

$512

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal, Unit/Flat
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: Sold furnished
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2004
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Spacious condo in Forgotten Mile with excellent rental history! NO land lease and just one small annual Condo insurance fee! Short walk to the ocean, Jolly Trolly, and Dewey nightlife. The home features updated HVAC, new floors, and new flat roof on sun deck. This unit features the second and third floors and shares lot with just two other units. Main living level has family room and eat in kitchen with LVP floors. 4 bedrooms and 2 baths on main level including first master suite. Top level features another master bed/bath plus loft area which could be used for more sleeping area. Step outside to welcome guests or take in the sunshine on the rooftop deck. Two assigned off street parking spots. Dead end street outside of Dewey town limits- extremely low taxes. Excellent rental history- grossed over $25k even in Pandemic 2020, higher in previous years. Sale subject to existing rentals for summer 2021. Go to settlement and get instant cash flow! Sold furnished, motivated sellers. Schedule tour now. Owner is a licensed DE REALTOR.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 2
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Upper Floor
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 20969

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built
  • Exterior Features: Exterior Lighting
  • Roof: Shingle, Flat
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 2

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Ocean Walk
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Land Use Code: RC
  • Lot Size Acres: 0.11
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Year Assessed: 2020
  • Zoning: MR
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5203896
  • School Tax: 463.00
  • Tax Annual Amount: 512.00
  • Assessor Parcel Number: 334-20.13-52.00-B
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 06/09/2021

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2021
Closed on
Jun 9, 2021
Sold by
Scarborough Margaret A
Bought by
Giovannucci Amy M
Seller's Agent
Maggie Haass
Burns & Ellis Realtors
Buyer's Agent
David Bediz
Keller Williams Realty
List Price
$500,000
Sold Price
$542,500
Premium/Discount to List
$42,500
8.5%
Total Days on Market
3
Current Estimated Value
$725,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,775
Avg. Annual Appreciation
5.19%
Original Mortgage
$434,000
Outstanding Balance
$405,827
Interest Rate
4.6%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$255,627

Purchase Details

Closed on
Apr 10, 2015
Sold by
David J David J and Ferry Mary S
Bought by
Scarborough Margaret A and Scarborough William W

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
Giovannucci Amy M $542,500 None Available
Giovannucci Amy M $542,500 None Available
Scarborough Margaret A $365,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Giovannucci Amy M $434,000
Closed Giovannucci Amy M $434,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2021 06/09/21 Sold $542,500 +8.5% --
05/06/2021 05/06/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $500,000 -- --
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 $917 $10,900 $0 $10,900
2023 $917 $10,900 $0 $10,900
2022 $896 $10,900 $0 $10,900
2021 $891 $10,900 $0 $10,900
2020 $888 $10,900 $0 $10,900
2019 $867 $10,900 $0 $10,900
2018 $534 $12,150 $0 $0
2017 $511 $12,150 $0 $0
2016 $514 $12,150 $0 $0
2015 $492 $12,150 $0 $0
2014 $489 $12,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU182232

Bright MLS

APN: 334-20.13-52.00-B