NOT LISTED FOR SALE

21 Maryland Ave Unit D Rehoboth Beach, DE 19971

Estimated Value: $239,493 - $1,391,000

4 Beds
2 Baths
2,450 Sq Ft
$707/mo HOA Fee

Last Sold December 07, 2018

Last sale price $1,050,000 $429 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $4,780/month

51 Days on Market

Highlights

  • Penthouse
  • Open Floorplan
  • Deck
  • Rehoboth Elementary School Rated A
  • Coastal Architecture
  • Wood Flooring

About This Home

As of December 2018

Welcome to Maryland Gardens! Easy living on the ocean block of Maryland Avenue in Rehoboth Beach! This sought after community consists of eleven units and is located just steps from the boardwalk and ocean beach, restaurants, shops, and all this resort town has to offer. This bright and airy unit was completely gutted and renovated in 2000. Maple floors, vaulted ceilings, Corian countertops, and lots of upgrades make this a wonderful beach getaway! New HVAC system within the last year. Large front screened porch and private deck off of an upstairs bedroom for lots of outside living. Currently rented on a weekly basis with a great seasonal rental history for those looking for some cash flow. Beautiful community landscaping with lots of irrigated flowers, trees, plants, and a private setting makes this complex a very special place. Don't miss the opportunity to own one of the most unique properties in Rehoboth Beach!

Last Agent to Sell the Property

Terry Millman

(302) 226-6640 TERRY@JACKLINGO.COM Jack Lingo - Rehoboth License #RA-0002220 Listed on: 09/06/2018

Jack Lingo - Rehoboth

Co-Listed By

Rick Monkman

(302) 226-6658 monk0388@aol.com Jack Lingo - Rehoboth License #RS-0016097

Last Buyer's Agent

Terry Millman

(302) 226-6640 TERRY@JACKLINGO.COM Jack Lingo - Rehoboth License #RA-0002220 Listed on: 09/06/2018

Jack Lingo - Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,047

Year Built

  • Built in 1962 | Remodeled in 2000

Lot Details

  • South Facing Home
  • Vinyl Fence
  • Sprinkler System
  • Property is in very good condition

HOA Fees

  • $707 Monthly HOA Fees

Home Design

  • Penthouse
  • Coastal Architecture
  • Entry on the 2nd floor
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 2,450 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Combination Kitchen and Living
  • Garden Views
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Bathroom

Laundry

  • Electric Dryer
  • Washer

Parking

  • Off-Street Parking
  • 1 Assigned Parking Space

Outdoor Features

  • Outdoor Shower
  • Deck
  • Screened Patio

Schools

  • Rehoboth Elementary School
  • Beacon Middle School
  • Cape Henlopen High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • 200+ Amp Service
  • Electric Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-43.00-21D

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn maintenance, management, reserve funds
  • 11 Units
  • Maryland Gardens Condos
  • Maryland Gardens Community
  • North Rehoboth Subdivision
  • Property Manager

Additional Features

  • Common Area
  • Fenced around community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,047

Year Built

Built in 1962 | Remodeled in 2000

Lot Details

0

HOA Fees

$707 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Exclusions: All furniture.
  • Historic: No
  • Inclusions: All appliances
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1962
  • Year Renovated: 2000
  • Remarks Public: Welcome to Maryland Gardens! Easy living on the ocean block of Maryland Avenue in Rehoboth Beach! This sought after community consists of eleven units and is located just steps from the boardwalk and ocean beach, restaurants, shops, and all this resort town has to offer. This bright and airy unit was completely gutted and renovated in 2000. Maple floors, vaulted ceilings, Corian countertops, and lots of upgrades make this a wonderful beach getaway! New HVAC system within the last year. Large front screened porch and private deck off of an upstairs bedroom for lots of outside living. Currently rented on a weekly basis with a great seasonal rental history for those looking for some cash flow. Beautiful community landscaping with lots of irrigated flowers, trees, plants, and a private setting makes this complex a very special place. Don't miss the opportunity to own one of the most unique properties in Rehoboth Beach!
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, Washer, Water Heater
  • Entry Floor: 2
  • Flooring Type: Hardwood, Carpet, Ceramic Tile
  • Interior Amenities: Attic, Breakfast Area, Ceiling Fan(s), Combination Kitchen/Living, Floor Plan - Open, Primary Bath(s), Skylight(s), Window Treatments, Wood Floors
  • Window Features: Insulated, Screens
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Room Count: 7
  • Basement: No
  • Total Sq Ft: 2450
  • Living Area Sq Ft: 2450
  • Price Per Sq Ft: 469.35
  • Above Grade Finished Sq Ft: 2450
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 21D

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block, Frame, Stick Built, Vinyl Siding
  • Exterior Features: Outside Shower, Sidewalks, Underground Lawn Sprinkler
  • Road Surface Type: Paved
  • Roof: Architectural Shingle
  • View: Garden/Lawn
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Phone
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2121.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Maryland Gardens
  • HOA Condo Co-Op Amenities: Common Grounds, Fencing, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Management, Reserve Funds
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • Elementary School: REHOBOTH
  • Middle School: BEACON
  • High School: CAPE HENLOPEN
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 300200396895
  • School District Source: 3rd Party
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Lot Info

  • Fencing: Vinyl
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Deck(s), Screened
  • Property Condition: Very Good
  • Zoning: Q
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Total Actual Rent: 53270.00
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • School Tax: 720.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1047.00
  • Assessor Parcel Number: 334-14.14-43.00-21D
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 12/07/2018

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2018
Closed on
Nov 27, 2018
Sold by
Mcwhire Annabelle
Bought by
Dwelle Mark A and Dwelle Lisa S
Seller's Agent
Terry Millman
Jack Lingo - Rehoboth
Buyer's Agent
Terry Millman
Jack Lingo - Rehoboth
List Price
$1,199,900
Sold Price
$1,050,000
Premium/Discount to List
-$149,900
-12.49%
Current Estimated Value
$726,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$323,627
Avg. Annual Appreciation
-1.86%

Purchase Details

Closed on
Dec 2, 2010
Bought by
Mcwhite Annabelle
Source: Public Records

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
Dwelle Mark A $1,050,000 --
Mcwhite Annabelle $710,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcwhite Annabelle $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2018 12/07/18 Sold $1,050,000 -8.7% $429 / Sq Ft
10/27/2018 10/27/18 Pending -- -- --
10/11/2018 10/11/18 Price Changed $1,149,900 -4.2% $469 / Sq Ft
09/06/2018 09/06/18 For Sale $1,199,900 -- $490 / 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 $2,659 $13,300 $0 $13,300
2024 $944 $13,300 $0 $13,300
2023 $943 $13,300 $0 $13,300
2022 $910 $13,300 $0 $13,300
2021 $902 $13,300 $0 $13,300
2020 $899 $13,300 $0 $13,300
2019 $900 $13,300 $0 $13,300
2018 $841 $19,150 $0 $0
2017 $805 $19,150 $0 $0
2016 $765 $19,150 $0 $0
2015 $731 $19,150 $0 $0
2014 $726 $19,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002390030

Bright MLS

APN: 334-14.14-43.00-21D