NOT LISTED FOR SALE

31 Olive Ave Unit A Rehoboth Beach, DE 19971

7 Beds
7.5 Baths
4,200 Sq Ft
0.37 Acres

Last Sold July 30, 2021

Last sale price $1,978,000 $471 Per Sq Ft

Highlights

  • Water Oriented
  • Wood Flooring
  • Victorian Architecture
  • Rehoboth Elementary School Rated A
  • Main Floor Bedroom
  • 4-minute walk to Lake Gerar Park

About This Home

As of July 2021

A Rehoboth Beach landmark; this 7 bedroom 7.5 bath home perched at the corner of First Street and Olive Avenue has the best porch in town if you are looking to people watch or just enjoy the ocean breeze. Generous living spaces, first floor master suite, large kitchen suitable for multiple cooks, beautiful wood floors and grand staircase and just a block to the ocean make this offering perfect for family and friends or continue as a rental machine yielding over 125K per season. This is part of a 3-unit condo regime with parking for 4 cars. Home can be shown between rental change overs on Friday between 11-3. Priced determined with consideration for future second floor bathroom upgrades. Seller has continually maintained and upgraded this home.

Last Agent to Sell the Property

DEBBIE REED

(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 05/25/2021

RE/MAX Realty Group Rehoboth

Last Buyer's Agent

Christopher Beagle

(215) 262-6209 christopherbeagle1@gmail.com Compass License #RS-0020683

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,677

Year Built

  • Built in 1900

Lot Details

  • 0.37 Acre Lot

HOA Fees

  • $420 Monthly HOA Fees

Parking

  • 4 Parking Spaces

Home Design

  • Victorian Architecture
  • Frame Construction

Interior Spaces

  • 4,200 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Gas Fireplace
  • Wood Flooring
  • Partial Basement
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Built-In Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property is near an ocean
  • Wrap Around Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • North Rehoboth Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-14.13-295.00-A

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,677

Year Built

Built in 1900

Lot Details

0

HOA Fees

$420 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: A Rehoboth Beach landmark; this 7 bedroom 7.5 bath home perched at the corner of First Street and Olive Avenue has the best porch in town if you are looking to people watch or just enjoy the ocean breeze. Generous living spaces, first floor master suite, large kitchen suitable for multiple cooks, beautiful wood floors and grand staircase and just a block to the ocean make this offering perfect for family and friends or continue as a rental machine yielding over 125K per season. This is part of a 3-unit condo regime with parking for 4 cars. Home can be shown between rental change overs on Friday between 11-3. Priced determined with consideration for future second floor bathroom upgrades. Seller has continually maintained and upgraded this home.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Oven/Range - Gas, Washer, Water Heater
  • Interior Amenities: Attic, Entry Level Bedroom, Kitchen - Eat-In, Wood Floors
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 4200
  • Living Area Sq Ft: 4200
  • Price Per Sq Ft: 475.48
  • Above Grade Finished Sq Ft: 4200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 31

Beds/Baths

  • Bedrooms: 7
  • Main Level Bedrooms: 2
  • Total Bathrooms: 8
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Upper Level Bathrooms: 5
  • Upper Level Bathrooms: 5.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 5
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Outside Shower
  • Water Access: No
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • 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: 5040.00
  • Condo Co-Op Fee Frequency: Annually
  • 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

  • Land Use Code: RC
  • Lot Size Acres: 0.37
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16117.00
  • Outdoor Living Structures: Porch(es), Wrap Around
  • Year Assessed: 2020
  • Zoning: Q
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5195671
  • School Tax: 1487.00
  • Tax Annual Amount: 2677.00
  • Assessor Parcel Number: 334-14.13-295.00-A
  • Tax Total Finished Sq Ft: 1104
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 07/30/2021

MLS Schools

  • School District Name: CAPE HENLOPEN

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $1,978,000 -1.0% $471 / Sq Ft
06/28/2021 06/28/21 Pending -- -- --
05/25/2021 05/25/21 For Sale $1,997,000 -- $475 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • DEBBIE REED

    Seller's Agent in 2021

    DEBBIE REED

    RE/MAX

    (302) 227-3818

    274 in this area

    835 Total Sales

    DEBBIE REED
    Section Image
  • Christopher Beagle

    Buyer's Agent in 2021

    Christopher Beagle

    Compass

    (215) 262-6209

    29 in this area

    60 Total Sales

    Christopher Beagle
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU183860

Bright MLS
Delaware Sussex County Rehoboth Beach 19971

31 Olive Ave Unit A, Rehoboth Beach, DE

This home is located at 31 Olive Ave Unit A, Rehoboth Beach, DE 19971 since 25 May 2021. This property was built in 1900. 31 Olive Ave Unit A 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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