NOT LISTED FOR SALE

29 Maryland Ave Unit 211 Rehoboth Beach, DE 19971

Estimated Value: $356,000 - $618,000

1 Bed
1 Bath
484 Sq Ft
$83/mo HOA Fee

Last Sold September 24, 2021

Last sale price $405,000 $837 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,831/month

About This Home

As of September 2021

Looking for a 1-minute walk to the beach and a hop to all the great restaurants in town? A rare flat in the ocean block at the corner of First Street and Maryland Ave, the Pine and Brine! The best location with ultra-low condo fees ($1,000 annually) and taxes ($226 annually), WOW! 1 assigned parking spot and two city street parking passes mean hassle-free living. Never rented, top-of-the-line finishes, fantastic furnishings with a washer and dryer in the unit makes this TURN KEY property ready for you!

Last Agent to Sell the Property

Valerie Ellenberger

(240) 401-4677 val.ellenberger@compass.com Compass License #RS-0022639 Listed on: 08/06/2021

Compass

Last Buyer's Agent

Lee Ann Wilkinson

(302) 278-6726 leeann@leeanngroup.com Berkshire Hathaway HomeServices PenFed Realty License #RA-0002064

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $226

Year Built

  • Built in 1960

HOA Fees

  • $83 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1 Full Bathroom
  • 484 Sq Ft Home
  • Property has 1 Level
  • Washer and Dryer Hookup

Parking

  • 1 Off-Street Space
  • Assigned parking located at #211
  • 1 Assigned Parking Space

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-14.13-352.00-211

Community Details

Overview

  • Association fees include common area maintenance, insurance, lawn maintenance
  • Low-Rise Condominium
  • Pine And Brine Condos
  • Pine And Brine Community
  • North Rehoboth Subdivision
  • Property Manager

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$226

Year Built

Built in 1960

Lot Details

0

HOA Fees

$83 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
  • Exclusions: Personal belongings
  • Inclusions: Furniture and accessories
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1960
  • Assigned Parking Space Numbers: 211
  • Automatically Close On Close Date: No
  • Remarks Public: Looking for a 1-minute walk to the beach and a hop to all the great restaurants in town? A rare flat in the ocean block at the corner of First Street and Maryland Ave, the Pine and Brine! The best location with ultra-low condo fees ($1,000 annually) and taxes ($226 annually), WOW! 1 assigned parking spot and two city street parking passes mean hassle-free living. Never rented, top-of-the-line finishes, fantastic furnishings with a washer and dryer in the unit makes this TURN KEY property ready for you!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 2
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 484
  • Living Area Sq Ft: 484
  • Price Per Sq Ft: 857.44
  • Above Grade Finished Sq Ft: 484
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 29

Beds/Baths

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 1

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1000.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Pine and Brine
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Lawn Maintenance
  • HOA Condo Co-Op Management Type: Professional - On-Site, Owner/Self-Management
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Land Assessed Value: 3300.00
  • Land Use Code: RC
  • Year Assessed: 2020
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Pets: Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5195779
  • School Tax: 126.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 226.00
  • Assessor Parcel Number: 334-14.13-352.00-211
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 09/24/2021

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2021
Closed on
Sep 24, 2021
Sold by
Firstcollect Inc
Bought by
Makhlouf Emily M
Seller's Agent
Valerie Ellenberger
Compass
Buyer's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
List Price
$415,000
Sold Price
$405,000
Premium/Discount to List
-$10,000
-2.41%
Current Estimated Value
$505,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,667
Avg. Annual Appreciation
5.69%
Original Mortgage
$324,000
Outstanding Balance
$248,975
Interest Rate
2.1%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$256,692

Purchase Details

Listed on
Oct 10, 2019
Closed on
Dec 31, 2019
Sold by
Cox William A and Cox Bonnie
Bought by
Bowers Jared S
Seller's Agent
Michael Bacher
Jack Lingo - Rehoboth
Buyer's Agent
Jared Bowers
Coldwell Banker Realty
List Price
$309,900
Sold Price
$280,000
Premium/Discount to List
-$29,900
-9.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.78%
Original Mortgage
$224,000
Interest Rate
3.6%
Mortgage Type
New Conventional
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
Makhlouf Emily M $405,000 None Available
Bowers Jared S $280,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Makhlouf Emily M $324,000
Previous Owner Bowers Jared S $224,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2021 09/24/21 Sold $405,000 -2.4% $837 / Sq Ft
08/13/2021 08/13/21 Pending -- -- --
08/06/2021 08/06/21 For Sale $415,000 +10.7% $857 / Sq Ft
05/07/2021 05/07/21 Sold $375,000 -1.1% $775 / Sq Ft
04/06/2021 04/06/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $379,000 +35.4% $783 / Sq Ft
12/31/2019 12/31/19 Sold $280,000 -9.6% --
11/25/2019 11/25/19 Pending -- -- --
10/10/2019 10/10/19 For Sale $309,900 -- --
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 $804 $1,950 $0 $1,950
2024 $177 $1,950 $0 $1,950
2023 $177 $1,950 $0 $1,950
2022 $171 $1,950 $0 $1,950
2021 $170 $1,950 $0 $1,950
2020 $169 $1,950 $0 $1,950
2019 $169 $1,950 $0 $1,950
2018 $158 $3,600 $0 $0
2017 $151 $3,600 $0 $0
2016 $144 $3,600 $0 $0
2015 $137 $3,600 $0 $0
2014 $136 $3,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Valerie Ellenberger

    Seller's Agent in 2021

    Valerie Ellenberger

    Compass

    (240) 401-4677

    4 in this area

    116 Total Sales

    Valerie Ellenberger
    Section Image

  • J

    Seller's Agent in 2021

    Jared Bowers

    Coldwell Banker Realty

    Section Image
  • Lee Ann Wilkinson

    Buyer's Agent in 2021

    Lee Ann Wilkinson

    BHHS PenFed (actual)

    (302) 278-6726

    221 in this area

    1,884 Total Sales

    Lee Ann Wilkinson
    Section Image
  • Michael Bacher

    Seller's Agent in 2019

    Michael Bacher

    Jack Lingo - Rehoboth

    (302) 226-6649

    15 in this area

    25 Total Sales

    Michael Bacher
    Section Image
  • Michael Rodriguez

    Seller Co-Listing Agent in 2019

    Michael Rodriguez

    Jack Lingo - Rehoboth

    (302) 236-7649

    32 in this area

    52 Total Sales

    Michael Rodriguez
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2003864

Bright MLS

APN: 334-14.13-352.00-211

Delaware Sussex County Rehoboth Beach 19971

29 Maryland Ave Unit 211, Rehoboth Beach, DE

This home is located at 29 Maryland Ave Unit 211, Rehoboth Beach, DE 19971 since 06 August 2021 and is currently estimated at $505,667, approximately $1,044 per square foot. This property was built in 1960. 29 Maryland Ave Unit 211 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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