$400,000
SOLD MAY 18, 2012

21 Ocean Dr Unit 310 Rehoboth Beach, DE 19971

2 Beds
1 Bath
850 Sq Ft
$663/mo HOA Fee

Recently Sold

$471 Per Sq Ft

728 Days on Market

Highlights

  • Marina
  • Ocean View
  • Water Access
  • Rehoboth Elementary School Rated A
  • Boat Ramp
  • Wood Flooring

About This Home

As of December 2020

Perfectly Maintained 2BR, 1BA Unit in the Highly Desired 21 Ocean Drive. Huge Balcony that Spans the Entirity of the Unit Plus an Additional Patio Offering Ocean Views! Strong Rental History and Close to Everything Including Community Private Beach, Pool & Tennis Courts! Being Sold Furnished!

Last Agent to Sell the Property

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 04/23/2010

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

(302) 226-6417 shaun@rbre.com Jack Lingo - Rehoboth License #RS-0016284

Last Buyer's Agent

Jennifer Barrows

(302) 841-9505 jenn.barrows@oasir.net Monument Sotheby's International Realty

Monument Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,445

Year Built

  • Built in 1974

HOA Fees

Parking

  • Assigned Parking

Home Design

  • Entry on the 3rd floor
  • Flat Roof Shape
  • Block Foundation
  • Stone Siding
  • Masonry

Interior Spaces

  • 850 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Window Screens
  • Living Room
  • Combination Kitchen and Dining Room
  • Storage Room
  • Ocean Views

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Whirlpool Bathtub

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-08.17-30.00-310

Community Details

Overview

  • Low-Rise Condominium
  • 21 Ocean Drive Community
  • North Shores Subdivision

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Boat Ramp
  • Marina
  • Beach
  • Tennis Courts
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,445

Year Built

Built in 1974

Lot Details

0

HOA Fees

$663 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1974
  • Remarks Public: Perfectly Maintained 2BR, 1BA Unit in the Highly Desired 21 Ocean Drive. Huge Balcony that Spans the Entirity of the Unit Plus an Additional Patio Offering Ocean Views! Strong Rental History and Close to Everything Including Community Private Beach, Pool & Tennis Courts! Being Sold Furnished!
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Water Heater
  • Entry Floor: 3
  • Flooring Type: Carpet, Hardwood
  • Interior Amenities: Combination Kitchen/Dining, Ceiling Fan(s), Whirlpool/Hottub
  • Window Features: Screens
  • Fireplace: No
  • Foundation Details: Block
  • Level Count: 1
  • Levels Count: 1
  • Room Count: 6
  • Room List: Living Room, Dining Room, Kitchen, Storage Room, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 850
  • Living Area Sq Ft: 850
  • Net Sq Ft: 850.00
  • Price Per Sq Ft: 500.00
  • Above Grade Finished Sq Ft: 850
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 21

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Concrete, Stone
  • Construction Completed: Yes
  • Roof: Flat
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Assigned

Utilities

  • 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

Condo/Co-op/Association

  • HOA Fees: 2000.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 5948.00
  • HOA Condo Co-Op Amenities: Beach, Boat Ramp, Elevator, Laundry Facilities, Marina/Marina Club, Tennis Courts, Pool - Outdoor, Swimming Pool
  • HOA: Yes

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Outdoor Living Structures: Balcony

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 17500.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 334-08.17-30.00-310
  • County Tax Payment Frequency: Annually
  • Close Date: 05/18/2012

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2020
Closed on
Nov 27, 2020
Sold by
Conlan Michael F and Gilman Maureen
Bought by
Graeber Derek and Graeber Denise
Seller's Agent
Andrew Bryan
Bryan Realty Group
Buyer's Agent
Babs Morales
Berkshire Hathaway HomeServices PenFed Realty
List Price
$699,900
Sold Price
$699,900
Current Estimated Value
$1,051,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$351,767
Avg. Annual Appreciation
8.78%
Original Mortgage
$510,400
Outstanding Balance
$457,038
Interest Rate
2.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$594,629

Purchase Details

Listed on
Aug 23, 2016
Closed on
Oct 3, 2016
Sold by
Hammerman Renea and Hammerman Samuel
Bought by
Gilman Maureen and Conlan Michael Francis
Seller's Agent
Joseph Maggio
Dave McCarthy & Associates, Inc.
Buyer's Agent
Andrew Bryan
Bryan Realty Group
List Price
$540,000
Sold Price
$522,500
Premium/Discount to List
-$17,500
-3.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.32%
Original Mortgage
$418,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 23, 2010
Closed on
Jun 4, 2012
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Jennifer Barrows
Monument Sotheby's International Realty
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.25%
Original Mortgage
$320,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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 Type Sale Price Title Company
Deed $699,900 None Available
Deed $522,500 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $510,400 Stand Alone Refi Refinance Of Original Loan
Previous Owner $418,000 New Conventional
Previous Owner $320,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2020 12/02/20 Sold $699,900 0.0% --
10/09/2020 10/09/20 Pending -- -- --
10/08/2020 10/08/20 For Sale $699,900 +34.0% --
10/12/2016 10/12/16 Sold $522,500 -3.2% $615 / Sq Ft
08/31/2016 08/31/16 Pending -- -- --
08/23/2016 08/23/16 For Sale $540,000 +35.0% $635 / Sq Ft
05/18/2012 05/18/12 Sold $400,000 0.0% $471 / Sq Ft
04/20/2012 04/20/12 Pending -- -- --
04/23/2010 04/23/10 For Sale $400,000 -- $471 / 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 $2,445 $25,650 $0 $25,650
2024 $1,343 $25,650 $0 $25,650
2023 $1,342 $25,650 $0 $25,650
2022 $1,295 $25,650 $0 $25,650
2021 $1,283 $25,650 $0 $25,650
2020 $1,279 $25,650 $0 $25,650
2019 $1,281 $25,650 $0 $25,650
2018 $1,197 $27,250 $0 $0
2017 $1,146 $27,250 $0 $0
2016 $1,089 $27,250 $0 $0
2015 $1,040 $27,250 $0 $0
2014 $1,032 $27,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000953394

Bright MLS

APN: 334-08.17-30.00-310