NOT LISTED FOR SALE

241 American Eagle Way Unit 7 Rehoboth Beach, DE 19971

Estimated Value: $288,584 - $562,000

3 Beds
2 Baths
1,400 Sq Ft
$317/mo HOA Fee

Last Sold August 05, 2016

Last sale price $250,000 $179 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $2,959/month

56 Days on Market

Highlights

  • Lake View
  • Waterfront
  • Furnished
  • Rehoboth Elementary School Rated A
  • Wood Burning Stove
  • Community Pool

About This Home

As of August 2016

Luxurious lake front Condo - FULLY FURNISHED! Custom Decorated unit is just the place to unwind and experience Rehoboth Beach. From your patio, savor a morning cup of coffee and watch the wildlife soak up the sunshine across the lake. Includes NEW carpet and paint, and so much more. Perfect location for a second home and will produce good rental income for investors.

Last Agent to Sell the Property

Andy Staton

Monument Sotheby's International Realty License #RS-0016036 Listed on: 04/27/2016

Monument Sotheby's International Realty

Last Buyer's Agent

DEBBIE REED

RE/MAX Realty Group Rehoboth License #RS-0010229

RE/MAX Realty Group Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,262

Year Built

  • Built in 1994

Lot Details

  • Waterfront

HOA Fees

Property Views

  • Lake
  • Pond

Home Design

  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 1,400 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Insulated Doors
  • Combination Kitchen and Dining Room

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • <<microwave>>
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile or Brick
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • 2 Parking Spaces Included
  • Assigned Parking

Outdoor Features

  • Water Access
  • Property is near a pond
  • Balcony
  • Screened Patio
  • Porch

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-19.00-163.16-2407

Community Details

Overview

  • Association fees include lawn maintenance
  • Low-Rise Condominium
  • Eagles Landing Ii Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,262

Year Built

Built in 1994

Lot Details

0

HOA Fees

$317 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: Between Rt 1 & 113
  • Ownership: Condominium
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1994
  • Remarks Public: Luxurious lake front Condo - FULLY FURNISHED! Custom Decorated unit is just the place to unwind and experience Rehoboth Beach. From your patio, savor a morning cup of coffee and watch the wildlife soak up the sunshine across the lake. Includes NEW carpet and paint, and so much more. Perfect location for a second home and will produce good rental income for investors.
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 2
  • Flooring Type: Carpet, Tile/Brick, Vinyl
  • Interior Amenities: Breakfast Area, Combination Kitchen/Dining, Entry Level Bedroom, Ceiling Fan(s), Window Treatments
  • Window Features: Insulated, Screens
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated
  • Foundation Details: Slab
  • Floors In Unit Count: 1
  • Level Count: 1
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1400
  • Living Area Sq Ft: 1400
  • Net Sq Ft: 1400.00
  • Price Per Sq Ft: 198.21
  • Above Grade Finished Sq Ft: 1400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 241

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Wood Siding
  • Construction Completed: Yes
  • Roof: Shingle, Asphalt
  • View: Lake, Pond
  • Water Access: Yes
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Assigned
  • Number Of Parking Spaces Included: 2-Car Parking

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Heat Pump(s)
  • Heating Type: Wood Burn Stove, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 440.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3360.00
  • HOA Condo Co-Op Amenities: Reserved/Assigned Parking, Pool - Outdoor, Swimming Pool, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance
  • HOA: Yes
  • Association Recreation Fee: Yes

Schools

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

Lot Info

  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony, Porch(es), Screened
  • Zoning Description: HIGH DENSITY RESIDENTIAL

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5200220
  • Assessor Parcel Number: 334-19.00-163.16-2407
  • County Tax Payment Frequency: Annually
  • Close Date: 08/05/2016

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2016
Closed on
Aug 9, 2016
Sold by
Amended Ruth Sherman and Revoca Restated Revoca
Bought by
Lee James A and Lee Kimberly A
Seller's Agent
Andy Staton
Monument Sotheby's International Realty
Buyer's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
List Price
$277,500
Sold Price
$250,000
Premium/Discount to List
-$27,500
-9.91%
Current Estimated Value
$459,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,396
Avg. Annual Appreciation
8.18%

Purchase Details

Listed on
Apr 27, 2016
Closed on
Aug 1, 2016
Sold by
Amended Ruth Sherman and Revoca Restated Revoca
Bought by
Lee James A and Lee Kimberly A
Seller's Agent
Andy Staton
Monument Sotheby's International Realty
Buyer's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
List Price
$277,500
Sold Price
$250,000
Premium/Discount to List
-$27,500
-9.91%

Purchase Details

Closed on
Apr 21, 2014
Sold by
Ruth Ruth and Sherman Lisa P
Bought by
Sherman Ruth

Purchase Details

Closed on
Apr 3, 2014
Sold by
Ruth Ruth and Sherman Lisa P
Bought by
Sherman Ruth
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
Lee James A $250,000 None Available
Lee James A $250,000 None Available
Sherman Ruth -- --
Sherman Ruth -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2016 08/05/16 Sold $250,000 -9.9% $179 / Sq Ft
06/22/2016 06/22/16 Pending -- -- --
04/27/2016 04/27/16 For Sale $277,500 -- $198 / 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 $1,262 $25,000 $0 $25,000
2023 $1,261 $25,000 $0 $25,000
2022 $1,217 $25,000 $0 $25,000
2021 $1,206 $25,000 $0 $25,000
2020 $1,202 $25,000 $0 $25,000
2019 $1,204 $25,000 $0 $25,000
2018 $1,124 $25,600 $0 $0
2017 $1,077 $25,600 $0 $0
2016 $1,023 $25,600 $0 $0
2015 $977 $25,600 $0 $0
2014 $970 $25,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andy Staton

    Seller's Agent in 2016

    Andy Staton

    OCEAN ATLANTIC SOTHEBYS

    (302) 841-2127

    79 in this area

    250 Total Sales

    Andy Staton
    Section Image
  • DEBBIE REED

    Buyer's Agent in 2016

    DEBBIE REED

    RE/MAX

    (302) 227-3818

    291 in this area

    876 Total Sales

    DEBBIE REED
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001016888

Bright MLS

APN: 334-19.00-163.16-2407

Delaware Sussex County Rehoboth Beach 19971

241 American Eagle Way Unit 7, Rehoboth Beach, DE

This home is located at 241 American Eagle Way Unit 7, Rehoboth Beach, DE 19971 since 27 April 2016 and is currently estimated at $459,396, approximately $328 per square foot. This property was built in 1994. 241 American Eagle Way Unit 7 is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

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