NOT LISTED FOR SALE

241 American Eagle Way Unit 10 Rehoboth Beach, DE 19971

Estimated Value: $471,284 - $697,000

4 Beds
2 Baths
1,500 Sq Ft
$408/mo HOA Fee

Last Sold July 03, 2024

Last sale price $560,000 $373 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,743/month

26 Days on Market

Highlights

  • 10 Feet of Waterfront
  • Penthouse
  • Pond View
  • Rehoboth Elementary School Rated A
  • Water Oriented
  • Open Floorplan

About This Home

As of July 2024

Major price adjustment..

Here is your chance to own a Penthouse 4 bedroom 2 full bath unit in the much sought after community of Eagles Landing. The amenity rich community has 3 different pools, tennis courts, pickle ball and an easy access to bike trails and the beach. This beautiful home has an abundance of natural light and a stunning views of the fountain and pond from the rear deck. These rare 4 bedroom loft units do not come available very often and when they do, they do not last long. This unit has been lovingly maintained by the current owners who only use it as their personal beach home and have never rented it. This unit comes with a private storage room for bikes, beach chairs, etc..., two balconies, assigned parking and a location that can't be beat with all that Rehoboth Beach and Rt 1 has to offer. Close enough to walk to restaurants, grocery, shopping, entertainment and public transportation. The boardwalk is 1.8 miles away and is an easy leisurely walk if you so choose, or bike. This community also allows for short term rentals, which has become a rarity in the area. Make your appointment today before this gem of a unit is gone. Comes with all the major furniture with the exception of some art and miscellaneous items.

Last Agent to Sell the Property

Hugh Fuller

EXP Realty, LLC License #0025314 Listed on: 05/06/2024

EXP Realty, LLC

Last Buyer's Agent

Lee Ann Wilkinson

Berkshire Hathaway HomeServices PenFed Realty License #RA-0002064

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,363

Year Built

  • Built in 1994

Lot Details

  • 10 Feet of Waterfront
  • West Facing Home
  • Landscaped
  • Wooded Lot

HOA Fees

  • $408 Monthly HOA Fees

Home Design

  • Penthouse
  • Coastal Architecture
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 1,500 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Partially Furnished
  • Pond Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Stove
  • <<microwave>>
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Paved Parking
  • Parking Lot
  • Surface Parking
  • 1 Assigned Parking Space

Outdoor Features

  • Water Oriented
  • Property is near a pond
  • Pond

Schools

  • Cape Henlopen High School

Utilities

  • Central Air
  • Heating unit installed on the ceiling
  • Back Up Electric Heat Pump System
  • Vented Exhaust Fan
  • 200+ Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 334-19.00-163.16-2410

Community Details

Overview

  • $200 Capital Contribution Fee
  • Association fees include common area maintenance, lawn maintenance, management, pool(s)
  • Low-Rise Condominium
  • Tidewater Property Management Condos
  • Eagles Landing Ii Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Pets allowed on a case-by-case basis

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,363

Year Built

Built in 1994

Lot Details

0

HOA Fees

$408 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat, Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Condominium
  • Exclusions: artwork, small furnishings
  • Historic: No
  • Inclusions: most furniture
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1994
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Major price adjustment.. Here is your chance to own a Penthouse 4 bedroom 2 full bath unit in the much sought after community of Eagles Landing. The amenity rich community has 3 different pools, tennis courts, pickle ball and an easy access to bike trails and the beach. This beautiful home has an abundance of natural light and a stunning views of the fountain and pond from the rear deck. These rare 4 bedroom loft units do not come available very often and when they do, they do not last long. This unit has been lovingly maintained by the current owners who only use it as their personal beach home and have never rented it. This unit comes with a private storage room for bikes, beach chairs, etc..., two balconies, assigned parking and a location that can't be beat with all that Rehoboth Beach and Rt 1 has to offer. Close enough to walk to restaurants, grocery, shopping, entertainment and public transportation. The boardwalk is 1.8 miles away and is an easy leisurely walk if you so choose, or bike. This community also allows for short term rentals, which has become a rarity in the area. Make your appointment today before this gem of a unit is gone. Comes with all the major furniture with the exception of some art and miscellaneous items.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Stove, Washer
  • Entry Floor: 3
  • Interior Amenities: Breakfast Area, Combination Kitchen/Living, Combination Kitchen/Dining, Floor Plan - Open, Kitchen - Eat-In
  • Foundation Details: Slab
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 1500
  • Living Area Sq Ft: 1500
  • Price Per Sq Ft: 399.33
  • Above Grade Finished Sq Ft: 1500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 241

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Mixed
  • Roof: Shingle, Asphalt
  • Spa: No
  • View: Pond, Water
  • Water Access: No
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes
  • Water Frontage In Feet: 10

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned, Paved Parking, Surface
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Ceiling, Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1224.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Tidewater Property Management
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Maintenance, Management, Pool(s)
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 200.00

Schools

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

Lot Info

  • Additional Parcels: No
  • Lot Features: Landscaping, Trees/Wooded
  • Lot Dimensions: 0.00 x 0.00
  • Zoning: HR-2
  • In City Limits: No

Rental Info

  • Furnished: Partially
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 334-19.00-163.16-2410
  • Close Date: 07/03/2024

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2024
Closed on
Jul 3, 2024
Sold by
Waters Karl and Waters Christine M
Bought by
Dressler Jeffrey A and Dressler Shida M
Seller's Agent
Hugh Fuller
EXP Realty, LLC
Buyer's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
List Price
$619,000
Sold Price
$560,000
Premium/Discount to List
-$59,000
-9.53%
Views
77
Current Estimated Value
$583,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,321
Avg. Annual Appreciation
4.12%
Original Mortgage
$350,000
Outstanding Balance
$347,846
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$235,475

Purchase Details

Closed on
Dec 23, 2010
Bought by
Boehmer Barbara A (Trustee)
Source: Public Records

Range of Values:

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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
Dressler Jeffrey A $560,000 None Listed On Document
Boehmer Barbara A (Trustee) -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dressler Jeffrey A $350,000
Closed Dressler Jeffrey A $345,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2024 07/03/24 Sold $560,000 -6.5% $373 / Sq Ft
05/23/2024 05/23/24 Price Changed $599,000 -3.2% $399 / Sq Ft
05/06/2024 05/06/24 For Sale $619,000 +86.2% $413 / Sq Ft
11/27/2019 11/27/19 Sold $332,500 -1.9% $222 / Sq Ft
08/26/2019 08/26/19 Price Changed $339,000 -3.1% $226 / Sq Ft
05/31/2019 05/31/19 For Sale $349,900 +7.7% $233 / Sq Ft
02/28/2019 02/28/19 Sold $325,000 -1.2% $217 / Sq Ft
01/19/2019 01/19/19 Pending -- -- --
01/16/2019 01/16/19 For Sale $329,000 -- $219 / 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
2024 $1,363 $26,900 $0 $26,900
2023 $1,362 $26,900 $0 $26,900
2022 $1,314 $26,900 $0 $26,900
2021 $1,302 $26,900 $0 $26,900
2020 $1,298 $26,900 $0 $26,900
2019 $1,300 $26,900 $0 $26,900
2018 $1,214 $27,650 $0 $0
2017 $1,163 $27,650 $0 $0
2016 $1,104 $27,650 $0 $0
2015 $1,055 $27,650 $0 $0
2014 $1,048 $27,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2061830

Bright MLS

APN: 334-19.00-163.16-2410