NOT LISTED FOR SALE

Star of the Sea 307 S Boardwalk Unit 501 Rehoboth Beach, DE 19971

Estimated Value: $893,892 - $1,328,000

2 Beds
2 Baths
930 Sq Ft
$833/mo HOA Fee

Last Sold May 27, 2016

Last sale price $900,000 $968 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $8,265/month

10 Days on Market

Highlights

  • Ocean View
  • Beach
  • 1 Fireplace
  • Rehoboth Elementary School Rated A
  • Water Access
  • Furnished

About This Home

As of May 2016

Feel the ocean breeze and hear the waves from this beach front end-unit condominium in the Star of the Sea. Two bedroom, 2 full bath home comfortably sleeps six, with beautiful flooring throughout, bright living and dining area open to the balcony overlooking the beach and boardwalk. Amenities include staffed front lobby, elevators, private underground parking and community pool. Excellent rental income potential. Walk or bike to shopping, dining and entertainment.

Last Agent to Sell the Property

Dustin Oldfather

Compass License #RS-0017091 Listed on: 04/01/2016

Compass

Co-Listed By

MARIYA OLDFATHER GROUP

Compass

Last Buyer's Agent

Steven Rowan

Jack Lingo - Rehoboth

Jack Lingo - Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,215

Year Built

  • Built in 1973

HOA Fees

  • $833 Monthly HOA Fees

Parking

  • Covered Parking

Home Design

  • Flat Roof Shape
  • Piling Construction
  • Composite Building Materials
  • Masonry

Interior Spaces

  • 930 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • 1 Fireplace
  • Window Screens
  • Ocean Views

Kitchen

  • Built-In Oven
  • Gas Oven or Range
  • Cooktop with Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile or Brick

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.18-79.00-501

Community Details

Overview

  • Mid-Rise Condominium
  • Star Of The Sea Community
  • South Rehoboth Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Beach
  • Community Pool

Security

  • Security Guard
  • Storm Windows
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,215

Year Built

Built in 1973

Lot Details

0

HOA Fees

$833 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1973
  • Remarks Public: Feel the ocean breeze and hear the waves from this beach front end-unit condominium in the Star of the Sea. Two bedroom, 2 full bath home comfortably sleeps six, with beautiful flooring throughout, bright living and dining area open to the balcony overlooking the beach and boardwalk. Amenities include staffed front lobby, elevators, private underground parking and community pool. Excellent rental income potential. Walk or bike to shopping, dining and entertainment.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Icemaker, Refrigerator, Microwave, Oven/Range - Gas, Oven - Wall, Range Hood, Water Heater
  • Entry Floor: 5
  • Flooring Type: Carpet, Laminated, Tile/Brick
  • Interior Amenities: Ceiling Fan(s)
  • Window Features: Screens, Storm
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Foundation Details: Pilings
  • Level Count: 1
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 930
  • Living Area Sq Ft: 930
  • Net Sq Ft: 930.00
  • Price Per Sq Ft: 966.67
  • Above Grade Finished Sq Ft: 930
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 307

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Composition
  • Construction Completed: Yes
  • Roof: Flat
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Under Home Parking
  • Garage Features: Covered Parking

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Electric, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 10000.00
  • HOA Condo Co-Op Amenities: Beach, Laundry Facilities, Pool - Outdoor, Swimming Pool
  • HOA: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony
  • Zoning Description: MEDIUM RESIDENTIAL

Building Info

  • Building Features: Guard System

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 32000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5197463
  • Assessor Parcel Number: 334-14.18-79.00-501
  • County Tax Payment Frequency: Annually
  • Close Date: 05/27/2016

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2016
Closed on
May 27, 2016
Sold by
Gordon Susan
Bought by
James Anthony Overdahl Rev Living Trust
Seller's Agent
Dustin Oldfather
Compass
Buyer's Agent
Steven Rowan
Jack Lingo - Rehoboth
List Price
$899,000
Sold Price
$900,000
Premium/Discount to List
$1,000
0.11%
Total Days on Market
10
Current Estimated Value
$1,338,898

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$438,898
Avg. Annual Appreciation
3.85%
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
James Anthony Overdahl Rev Living Trust $900,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2016 05/27/16 Sold $900,000 +0.1% $968 / Sq Ft
04/11/2016 04/11/16 Pending -- -- --
04/01/2016 04/01/16 For Sale $899,000 -- $967 / 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 $1,215 $21,650 $0 $21,650
2023 $1,214 $21,650 $0 $21,650
2022 $1,172 $21,650 $0 $21,650
2021 $1,161 $21,650 $0 $21,650
2020 $1,157 $21,650 $0 $21,650
2019 $1,159 $21,650 $0 $21,650
2018 $1,083 $24,650 $0 $0
2017 $1,037 $24,650 $0 $0
2016 $985 $24,650 $0 $0
2015 $941 $24,650 $0 $0
2014 $934 $24,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dustin Oldfather

    Seller's Agent in 2016

    Dustin Oldfather

    Compass

    (302) 249-5899

    112 in this area

    1,502 Total Sales

    Section Image

  • M

    Seller Co-Listing Agent in 2016

    MARIYA OLDFATHER GROUP

    Compass

    (302) 249-6665

    50 in this area

    161 Total Sales

    Section Image

  • S

    Buyer's Agent in 2016

    Steven Rowan

    Jack Lingo - Rehoboth

    Section Image
See All Agents

About Star of the Sea

Map

Source: Bright MLS

MLS Number: 1001015726

Bright MLS

APN: 334-14.18-79.00-501

Delaware Sussex County Rehoboth Beach 19971

307 S Boardwalk Unit 501, Rehoboth Beach, DE

This home is located at 307 S Boardwalk Unit 501, Rehoboth Beach, DE 19971 since 01 April 2016 and is currently estimated at $1,199,473, approximately $1,289 per square foot. This property was built in 1973. 307 S Boardwalk Unit 501 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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