NOT LISTED FOR SALE

21 Ocean Dr Unit 705 Rehoboth Beach, DE 19971

Estimated Value: $660,754 - $1,500,000

2 Beds
2 Baths
1,150 Sq Ft
$3,033/mo HOA Fee

Last Sold July 05, 2018

Last sale price $700,000 $609 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $9,218/month

4 Days on Market

Highlights

  • Marina
  • Ocean View
  • In Ground Pool
  • Rehoboth Elementary School Rated A
  • Boat Dock
  • Water Oriented

About This Home

As of July 2018

Spectacular oceans views from this unit in the exclusive North Shores address of 21 Ocean Drive. Make this your very special beach retreat! Enjoy the "welcome to the jungle" theme or renovate and make this apartment your own! Great panoramic views of the beach and ocean from all rooms and balconies! Centrally located in building and just off the elevator. Easy access to Cape Henlopen State Park, the nearby coastal resort town of Rehoboth Beach, outlet shopping and lots of fine dining! Community amenities include outdoor pool, tennis, marina, pier for kayak and canoe launch, and a private beach. Don't miss out on this opportunity for an affordable beach getaway!

Last Agent to Sell the Property

Terry Millman

(302) 226-6640 TERRY@JACKLINGO.COM Jack Lingo - Rehoboth License #RA-0002220 Listed on: 05/24/2018

Jack Lingo - Rehoboth

Co-Listed By

Allison Bateman

(302) 226-6616 allison@jacklingo.com Jack Lingo - Rehoboth License #RA-0001921

Last Buyer's Agent

Melinda Ingram

(302) 462-6581 mibeachrealtor@yahoo.com Jack Lingo - Rehoboth License #RS-0017875

Jack Lingo - Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,002

Year Built

  • Built in 1974

HOA Fees

Parking

  • 1 Parking Space Included

Home Design

  • Entry on the 7th floor
  • Flat Roof Shape
  • Brick Front
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 1,150 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Living Room
  • Dining Room
  • Ocean Views
  • Monitored

Kitchen

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

Flooring

  • Carpet
  • Tile or Brick
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Outdoor Features

  • Water Oriented
  • Property is near an ocean
  • Balcony
  • Deck

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Bottled Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 334-08.17-30.00-705

Community Details

Overview

  • Association fees include exterior building maintenance, heat, insurance, laundry, lawn maintenance, management, pool(s), reserve funds, road maintenance, trash
  • Mid-Rise Condominium
  • 21 Ocean Drive Community
  • North Shores Subdivision

Amenities

  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Boat Dock
  • Pier or Dock
  • Marina
  • Beach
  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Community Pool

Security

  • Security Guard
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,002

Year Built

Built in 1974

Lot Details

0

HOA Fees

$3,033 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1974
  • Remarks Public: Spectacular oceans views from this unit in the exclusive North Shores address of 21 Ocean Drive. Make this your very special beach retreat! Enjoy the "welcome to the jungle" theme or renovate and make this apartment your own! Great panoramic views of the beach and ocean from all rooms and balconies! Centrally located in building and just off the elevator. Easy access to Cape Henlopen State Park, the nearby coastal resort town of Rehoboth Beach, outlet shopping and lots of fine dining! Community amenities include outdoor pool, tennis, marina, pier for kayak and canoe launch, and a private beach. Don't miss out on this opportunity for an affordable beach getaway!
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Range Hood, Water Heater
  • Entry Floor: 7
  • Flooring Type: Carpet, Tile/Brick, Vinyl
  • Interior Amenities: Window Treatments
  • Window Features: Insulated, Screens
  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Level Count: 1
  • Levels Count: 1
  • Room Count: 5
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1150
  • Living Area Sq Ft: 1150
  • Net Sq Ft: 1150.00
  • Price Per Sq Ft: 708.70
  • Above Grade Finished Sq Ft: 1150
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 21

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Brick Front, Concrete
  • Construction Completed: Yes
  • Pool Features: In Ground
  • Roof: Flat
  • View: Ocean
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Personal, Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Number Of Parking Spaces Included: 1-Car Parking

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Bottled Gas/Propane
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Fire Detection System, Main Entrance Lock, Monitored
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 2250.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 8536.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Basketball Courts, Beach, Boat Dock/Slip, Elevator, Extra Storage, Laundry Facilities, Marina/Marina Club, Pier/Dock, Tot Lots/Playground, Pool - Outdoor, Swimming Pool, Security, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Heat, Insurance, Laundry, Lawn Maintenance, Management, Pool(s), Reserve Funds, Road Maintenance, Trash
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony, Deck(s)
  • Zoning: AR-1
  • Zoning Description: AGRICULTURAL/RESIDENTIAL
  • In City Limits: No

Building Info

  • Building Features: Elevator, Guard System

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 334-08.17-30.00-705
  • County Tax Payment Frequency: Annually
  • Close Date: 07/05/2018

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2018
Closed on
Jul 3, 2018
Sold by
Sasso Mario P Est
Bought by
Merran Jacques H and Merran Annie S
Seller's Agent
Terry Millman
Jack Lingo - Rehoboth
Buyer's Agent
Melinda Ingram
Jack Lingo - Rehoboth
List Price
$815,000
Sold Price
$700,000
Premium/Discount to List
-$115,000
-14.11%
Current Estimated Value
$1,119,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$419,439
Avg. Annual Appreciation
6.69%

Purchase Details

Closed on
Dec 6, 1991
Bought by
Sasso Mario P
Source: Public Records

Range of Values:

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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
Merran Jacques H $700,000 --
Sasso Mario P $6,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2018 07/05/18 Sold $700,000 -14.1% $609 / Sq Ft
05/28/2018 05/28/18 Pending -- -- --
05/24/2018 05/24/18 For Sale $815,000 -- $709 / 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 $3,002 $28,500 $0 $28,500
2024 $1,491 $28,500 $0 $28,500
2023 $1,490 $28,500 $0 $28,500
2022 $1,438 $28,500 $0 $28,500
2021 $1,425 $28,500 $0 $28,500
2020 $1,420 $28,500 $0 $28,500
2019 $1,422 $28,500 $0 $28,500
2018 $1,328 $30,250 $0 $0
2017 $1,272 $30,250 $0 $0
2016 $1,208 $30,250 $0 $0
2015 $1,155 $30,250 $0 $0
2014 $1,146 $30,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001585694

Bright MLS

APN: 334-08.17-30.00-705