NOT LISTED FOR SALE

33 Olive Ave Rehoboth Beach, DE 19971

Estimated Value: $1,380,000 - $2,512,000

4 Beds
5 Baths
2,950 Sq Ft
$632/Sq Ft Est. Value

Sale Details

Date Sold: August 16, 2021

Last sale price $1,850,000 $627 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $10,388 / mo

47 Days on Market

Highlights

  • Open Floorplan
  • Coastal Architecture
  • Main Floor Bedroom
  • Rehoboth Elementary School Rated A
  • Wood Flooring
  • 4-minute walk to Lake Gerar Park

About This Home

As of August 2021

Nestled in the heart of Rehoboth Beach this classic coastal home offers style, location, open floor plan—and income. 4+ Bedrooms and 5 Full baths including a first floor BR (2nd fl Den set up as 5th BR w/ own bath) . From the moment you step onto the screened front porch and enter the beautifully decorated great room, you will feel you are home at last. The home built in 2003 has many updates and charming decor. You are just 1 block to the beach and 3 short blocks to all the activity of Rehoboth Avenue—close but not too close. Two designated parking spaces allow you to park your car and walk everywhere. Features include a freshly painted exterior, 2 gas fireplaces and lots of privacy as each bedroom has a private bath. Bonus is built in income, currently rented for part of the summer for $57,000 but reserved owner weeks allow you to use it as well—or put them in the rental pool for more income. Turnkey home sold fully furnished. Showings available July 2-9

Last Agent to Sell the Property

Randy Mason

(302) 227-3883 randy@jacklingo.com Jack Lingo - Rehoboth License #RA-0003542 Listed on: 05/19/2021

Jack Lingo - Rehoboth

Last Buyer's Agent

Jamie Coleman

(302) 703-6987 jgiles@psre.com Patterson-Schwartz-Rehoboth

Patterson-Schwartz-Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,566

Year Built

  • Built in 2003

Lot Details

  • Back Yard Fenced
  • Property is zoned TN

HOA Fees

  • $257 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Stick Built Home

Interior Spaces

  • 2,950 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Recessed Lighting
  • 2 Fireplaces
  • Great Room
  • Dining Room
  • Den
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • 2 Assigned Parking Spaces

Pool

  • Outdoor Shower

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Propane Water Heater

Community Details

  • Association fees include insurance, lawn maintenance
  • North Rehoboth Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.13-295.00-C

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,566

Year Built

Built in 2003

Lot Details

0 Sq Ft Lot

HOA Fees

$257 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2021-05-19
  • Federal Flood Zone: No
  • Year Built: 2003
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Stainless Steel Appliances, Refrigerator, Oven/Range - Electric, Dishwasher, Disposal, Microwave, Washer, Dryer
  • Interior Amenities: Floor Plan - Open, Combination Dining/Living, Combination Kitchen/Dining, Entry Level Bedroom, Wood Floors, Recessed Lighting, Ceiling Fan(s), Carpet, Walk-In Closet(s)
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Room List: Dining Room, Primary Bedroom, Bedroom 3, Bedroom 4, Kitchen, Den, Bedroom 1, Great Room, Laundry
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 2950
  • Living Area Sq Ft: 2950
  • Price Per Sq Ft: 627.12
  • Above Grade Finished Sq Ft: 2950
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 4
  • Upper Level Bathrooms: 4.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built
  • Exterior Features: Outside Shower
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 2

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3080.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Fee Includes: Insurance, Lawn Maintenance
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Fencing: Rear
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 57000.00
  • Vacation Rental: Yes

Tax Info

  • Tax Annual Amount: 2566.00
  • Assessor Parcel Number: 334-14.13-295.00-C
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 27, 2018
Sold by
Dwyer Maureen E
Bought by
Maureen E Dwyer Mgmt T
Current Estimated Value
$1,865,370

Purchase Details

Closed on
Mar 18, 2014
Bought by
Dwyer Maureen Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
4.27%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Maureen E Dwyer Mgmt T -- --
Dwyer Maureen Ellen $1,360,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dwyer Maureen Ellen $760,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2021 08/16/21 Sold $1,850,000 0.0% $627 / Sq Ft
07/06/2021 07/06/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $1,850,000 -- $627 / Sq Ft
Source: Bright MLS

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 $3,703 $27,900 $0 $27,900
2024 $1,912 $27,900 $0 $27,900
2023 $1,911 $27,900 $0 $27,900
2022 $1,844 $27,900 $0 $27,900
2021 $1,827 $27,900 $0 $27,900
2020 $1,822 $27,900 $0 $27,900
2019 $1,824 $27,900 $0 $27,900
2018 $1,704 $38,800 $0 $0
2017 $1,632 $38,800 $0 $0
2016 $1,550 $38,800 $0 $0
2015 $1,481 $38,800 $0 $0
2014 $1,470 $38,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU183220

Bright MLS

APN: 334-14.13-295.00-C

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