Seller's Agent in 2022
Lisa Michels
Patterson Schwartz
(302) 354-0118
5 in this area
144 Total Sales
21 Ocean Dr Unit 907 Rehoboth Beach, DE 19971
Estimated Value: $1,007,000 - $1,846,000
2
Beds
2
Baths
1,149
Sq Ft
$1,100/mo
HOA Fee
Highlights
- Private Beach
- Water Oriented
- Heated Community Pool
- Rehoboth Elementary School Rated A
- Coastal Architecture
- Living Room
About This Home
As of August 2022Welcome to your resort paradise! 21 Ocean Drive #907 in magnificent North Shores! The only thing above this unit is the penthouse and blue skies. Unbelievable views from every room. Of course, the ocean view from the main balcony as well as marina views from the bedrooms. This has to be seen/experienced in person to fully understand this rare opportunity before you. This 2 story oasis features an open floor plan with large area for living and dining and relaxing. Check out the awesome wall mounted Murphy bed opposite the dining area right next to the full width patio door/glass wall. Upstairs features 2 large bedrooms with great marina views. 2 full baths (1 in the hall and full master bath). Stacked washer/dryer at the main level closet offers another awesome convenience. The unit conveys with 2 assigned parking spots and beach locker off the main lobby. As a resident of North Shores you will also enjoy the following community amenities: pool, tennis courts, marina, kayak launch, tot lot, private beach with umbrella/chair rental services. For the investor class - the unit has a fabulous rental history. Schedule your tour today! Seller is related to agent.
Last Agent to Sell the Property
(302) 354-0118 thedelawarerealtor@gmail.com Patterson-Schwartz-Rehoboth License #RS-0016884 Listed on: 06/25/2021
Last Buyer's Agent
(302) 354-0118 thedelawarerealtor@gmail.com Patterson-Schwartz-Rehoboth License #RS-0016884 Listed on: 06/25/2021
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,502
Year Built
- Built in 1972 | Remodeled in 2016
HOA Fees
Home Design
- Coastal Architecture
- Contemporary Architecture
- Entry on the 9th floor
Interior Spaces
- 1,149 Sq Ft Home
- Property has 2 Levels
- Living Room
- Dining Room
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- En-Suite Primary Bedroom
- 2 Full Bathrooms
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
- Parking Lot
Outdoor Features
- Water Oriented
- Property is near an ocean
- Outdoor Storage
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Additional Features
- Private Beach
- Flood Risk
Listing and Financial Details
- Assessor Parcel Number 334-08.17-30.00-907
Community Details
Overview
- High-Rise Condominium
- North Shores Subdivision
Recreation
- Heated Community Pool
- Tennis Courts
Pet Policy
- No Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 25, 2021
Closed on
Aug 15, 2022
Sold by
21 Ocean Drive Rehoboth Llc
Bought by
Reed John L
Seller's Agent
Lisa Michels
Patterson-Schwartz-Rehoboth
Buyer's Agent
Lisa Michels
Patterson-Schwartz-Rehoboth
List Price
$1,750,000
Sold Price
$1,550,000
Premium/Discount to List
-$200,000
-11.43%
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
$930
Avg. Annual Appreciation
0.02%
Original Mortgage
$1,394,845
Outstanding Balance
$1,305,744
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$245,186
Purchase Details
Closed on
Feb 21, 2014
Sold by
Remo Remo
Bought by
21 Ocean Drive Rehoboth Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Reed John L | $1,550,000 | Morris James Llp | |
| Reed John L | $1,550,000 | None Listed On Document | |
| 21 Ocean Drive Rehoboth Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Reed John L | $1,394,845 | |
| Closed | Reed John L | $1,394,845 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2022 08/15/22 | Sold | $1,550,000 | -8.8% | $1,349 / Sq Ft |
| 04/29/2022 04/29/22 | Pending | -- | -- | -- |
| 09/20/2021 09/20/21 | Price Changed | $1,700,000 | +13.3% | $1,480 / Sq Ft |
| 09/07/2021 09/07/21 | Price Changed | $1,500,000 | -14.3% | $1,305 / Sq Ft |
| 06/25/2021 06/25/21 | For Sale | $1,750,000 | -- | $1,523 / 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 |
|---|---|---|---|---|
| 2025 | $2,853 | $32,000 | $0 | $32,000 |
| 2024 | $1,676 | $32,000 | $0 | $32,000 |
| 2023 | $1,674 | $32,000 | $0 | $32,000 |
| 2022 | $1,616 | $32,000 | $0 | $32,000 |
| 2021 | $1,601 | $32,000 | $0 | $32,000 |
| 2020 | $1,596 | $32,000 | $0 | $32,000 |
| 2019 | $1,599 | $32,000 | $0 | $32,000 |
| 2018 | $1,493 | $34,000 | $0 | $0 |
| 2017 | $1,430 | $34,000 | $0 | $0 |
| 2016 | $1,358 | $34,000 | $0 | $0 |
| 2015 | $1,298 | $34,000 | $0 | $0 |
| 2014 | $1,288 | $34,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lisa Michels
-
Alan Mazzetti
Seller Co-Listing Agent in 2022
Alan Mazzetti
Patterson Schwartz
(302) 429-4500
3 in this area
63 Total Sales
Map
Source: Bright MLS
MLS Number: DESU2000944
APN: 334-08.17-30.00-907
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