NOT LISTED FOR SALE

29 Olive Ave Rehoboth Beach, DE 19971

Estimated Value: $664,000 - $792,000

4 Beds
3.5 Baths
-- Sq Ft
3,746 Sq Ft Lot

Last Sold November 22, 2019

Last sale price $2,100,000

Current estimated payment $4,057/month

Highlights

  • Heated In Ground Pool
  • Eat-In Gourmet Kitchen
  • Craftsman Architecture
  • Rehoboth Elementary School Rated A
  • Open Floorplan
  • 4-minute walk to Lake Gerar Park

About This Home

As of November 2019

BACK ON THE MARKET AFTER A COMPLETE INTERIOR REDESIGN. What's your pleasure? Investment property? Family vacation get away? A little of both? Look no further, this property has you covered!!! OCEAN BLOCK & just 3 blocks from the Ave. This gem boasts 4 bedrooms, 3.5 baths with Gourmet Kitchen featuring Viking Appliances. After spending your days with your toes in the sand, rinse off in your outdoor shower before taking a dip in your crystal blue in-ground swimming pool. This home is coming fully furnished and equipped, just bring your beach chairs and toothbrush.

Last Agent to Sell the Property

CHRISTY DORMAN

(302) 228-9871 christy.realtor16@gmail.com RE/MAX Realty Group Rehoboth Listed on: 09/05/2018

RE/MAX Realty Group Rehoboth

Last Buyer's Agent

Dave McCarthy

(302) 650-0820 dave@reinrb.com Dave McCarthy & Associates, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $550

Year Built

  • Built in 2012

Lot Details

  • Extensive Hardscape
  • Corner Lot
  • Sprinkler System
  • Property is in very good condition

Parking

  • Driveway

Home Design

  • Craftsman Architecture
  • Coastal Architecture
  • Architectural Shingle Roof
  • Stick Built Home

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • Wet Bar
  • Furnished
  • Wainscoting
  • Ceiling Fan
  • Recessed Lighting
  • 1 Fireplace
  • Window Treatments
  • Family Room Off Kitchen
  • Unfinished Basement
  • Exterior Basement Entry

Kitchen

  • Eat-In Gourmet Kitchen
  • Built-In Oven
  • Cooktop with Range Hood
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet
  • Walk-in Shower

Laundry

  • Front Loading Dryer
  • Front Loading Washer

Pool

  • Heated In Ground Pool
  • Fence Around Pool
  • Outdoor Shower

Outdoor Features

  • Multiple Balconies
  • Patio
  • Water Fountains
  • Outdoor Grill

Utilities

  • Central Air
  • Back Up Gas Heat Pump System
  • Heating System Powered By Owned Propane
  • 200+ Amp Service

Community Details

  • No Home Owners Association
  • North Rehoboth Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 347.00
  • Assessor Parcel Number 334-14.13-347.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$550

Year Built

Built in 2012

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Craftsman
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2012
  • Remarks Public: BACK ON THE MARKET AFTER A COMPLETE INTERIOR REDESIGN. What's your pleasure? Investment property? Family vacation get away? A little of both? Look no further, this property has you covered!!! OCEAN BLOCK & just 3 blocks from the Ave. This gem boasts 4 bedrooms, 3.5 baths with Gourmet Kitchen featuring Viking Appliances. After spending your days with your toes in the sand, rinse off in your outdoor shower before taking a dip in your crystal blue in-ground swimming pool. This home is coming fully furnished and equipped, just bring your beach chairs and toothbrush.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer - Front Loading, Oven - Wall, Range Hood, Refrigerator, Stainless Steel Appliances, Washer - Front Loading
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Recessed Lighting, Sprinkler System, Stall Shower, Upgraded Countertops, Wainscotting, Walk-In Closet(s), Wet/Dry Bar, Window Treatments
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Outside Entrance, Unfinished
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 29

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built
  • Exterior Features: Bbq Grill, Extensive Hardscape, Lawn Sprinkler, Outside Shower, Water Fountains
  • Pool Features: Fenced, Heated, In Ground
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Propane - Owned
  • Heating Type: Heat Pump - Gas Backup
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Outdoor Living Structures: Balcony, Balconies- Multiple, Patio(s)
  • Property Condition: Very Good
  • Zoning: Q
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Total Actual Rent: 145000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5195745
  • Tax Annual Amount: 550.00
  • Assessor Parcel Number: 334-14.13-347.00
  • Tax Lot: 347.00
  • Tax Year: 2017
  • Close Date: 11/22/2019

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2019
Sold by
Adamusik John T and Adamusik Lisa C
Bought by
Lisa C & J T Adamusik Ret
Current Estimated Value
$720,000
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
Lisa C & J T Adamusik Ret -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2019 11/22/19 Sold $2,100,000 -10.6% --
10/04/2019 10/04/19 Pending -- -- --
08/30/2019 08/30/19 Price Changed $2,350,000 -3.1% --
04/25/2019 04/25/19 Price Changed $2,425,000 0.0% --
04/25/2019 04/25/19 For Sale $2,425,000 +15.5% --
01/15/2019 01/15/19 Off Market $2,100,000 -- --
09/05/2018 09/05/18 For Sale $2,395,000 -12.1% --
10/01/2013 10/01/13 Sold $2,725,000 0.0% $616 / Sq Ft
08/22/2013 08/22/13 Pending -- -- --
03/21/2013 03/21/13 For Sale $2,725,000 +131.9% $616 / Sq Ft
07/13/2012 07/13/12 Sold $1,175,000 0.0% $396 / Sq Ft
07/04/2012 07/04/12 Pending -- -- --
01/16/2012 01/16/12 For Sale $1,175,000 -- $396 / 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 $2,876 $37,100 $20,600 $16,500
2024 $1,336 $37,100 $20,600 $16,500
2023 $1,335 $37,100 $20,600 $16,500
2022 $1,288 $37,100 $20,600 $16,500
2021 $1,276 $37,100 $20,600 $16,500
2020 $1,272 $37,100 $20,600 $16,500
2019 $1,274 $37,100 $20,600 $16,500
2018 $1,190 $27,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002496612

Bright MLS

APN: 33414130347002