NOT LISTED FOR SALE

36501 Palm Dr Unit 1106 Rehoboth Beach, DE 19971

Estimated Value: $425,000 - $507,000

3 Beds
2 Baths
1,426 Sq Ft
$267/mo HOA Fee

Last Sold March 28, 2024

Last sale price $416,000 $292 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,708/month

Highlights

  • Open Floorplan
  • Engineered Wood Flooring
  • Screened Porch
  • Rehoboth Elementary School Rated A
  • Upgraded Countertops
  • Community Pool

About This Home

As of March 2024

Welcome to your ideal coastal retreat! Nestled within a vibrant community, this charming 3-bedroom condo offers the perfect blend of comfort, convenience, and style. Situated on the coveted first floor, this end unit boasts easy access and an abundance of natural light, creating an inviting atmosphere from the moment you arrive. Step inside and discover the allure of engineered hardwood flooring that spans throughout the spacious living areas. The open-concept layout seamlessly connects the living room, dining area, and kitchen, providing a versatile space for both relaxation and entertainment. The well-appointed kitchen features modern appliances, ample cabinet space, and an island, making meal preparation a delight. Whether you're hosting a dinner party or enjoying a casual meal with loved ones, this kitchen is sure to impress. Retreat to the comfort of three generously sized bedrooms, each offering engineered wood flooring, ample closet space, and a serene ambiance for rest and relaxation. The master suite boasts its own private en-suite bathroom. Step outside to your private screened in porch, where you can soak up the sunshine and enjoy the fresh coastal breeze. Just steps away, you'll find easy access to the community pool, perfect for cooling off on hot summer days or lounging poolside with friends and neighbors. Conveniently located within close proximity to shopping, dining, and entertainment options, as well as the sandy shores of the beach, this condo offers the ultimate in coastal living. Don't miss your chance to make this exquisite condo your own. Schedule a showing today and start living the coastal lifestyle you've always dreamed of!

Last Agent to Sell the Property

Robert McGriffin

(302) 535-2418 mcgriffinteam@gmail.com Iron Valley Real Estate at The Beach Listed on: 02/14/2024

Iron Valley Real Estate at The Beach

Last Buyer's Agent

Hayley Jackson

(302) 494-0214 hayley@thewildeastgroup.com Tesla Realty Group, LLC

Tesla Realty Group, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $861

Year Built

  • Built in 2003

Lot Details

  • Property is in excellent condition

HOA Fees

  • $267 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Entry on the 1st floor
  • Frame Construction

Interior Spaces

  • 1,426 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Combination Kitchen and Dining Room
  • Screened Porch
  • Engineered Wood Flooring

Kitchen

  • Oven
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-13.00-317.00-1106

Community Details

Overview

  • Association fees include lawn maintenance, management, pool(s), snow removal, trash
  • Low-Rise Condominium
  • Vacasa Condos
  • Palms Of Rehoboth Subdivision
  • Property Manager

Recreation

  • Community Pool

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$861

Year Built

Built in 2003

Lot Details

0

HOA Fees

$267 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: Between Rt 1 & 113
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-02-28
  • Federal Flood Zone: No
  • Year Built: 2003
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven - Single, Refrigerator, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Engineered Wood
  • Interior Amenities: Ceiling Fan(s), Combination Kitchen/Dining, Dining Area, Floor Plan - Open, Kitchen - Island, Primary Bath(s), Upgraded Countertops, Walk-In Closet(s), Window Treatments
  • Fireplace: No
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Bedroom 1, Screened Porch
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 1426
  • Living Area Sq Ft: 1426
  • Price Per Sq Ft: 262.97
  • Above Grade Finished Sq Ft: 1426
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

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: 800.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Vacasa
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Management, Pool(s), Snow Removal, Trash
  • HOA: No
  • Senior Community: No
  • Community Pool Features: In Ground

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Excellent
  • Zoning: C-1
  • In City Limits: No

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 782.00
  • Tax Annual Amount: 861.00
  • Assessor Parcel Number: 334-13.00-317.00-1106
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2014
Closed on
May 31, 2014
Sold by
Stephen R Stephen R and King Laura O
Bought by
Richman Susan M
Seller's Agent
Michelle Kelly
Keller Williams Realty
Buyer's Agent
ANN CUNNINGHAM
Monument Sotheby's International Realty
List Price
$218,000
Sold Price
$218,000
Current Estimated Value
$453,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,226
Avg. Annual Appreciation
6.55%
Original Mortgage
$174,000
Outstanding Balance
$132,696
Interest Rate
4.27%
Mortgage Type
Unknown
Estimated Equity
$320,530
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
Richman Susan M $218,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richman Susan M $174,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/28/2024 03/28/24 Sold $416,000 +90.8% $292 / Sq Ft
02/14/2024 02/14/24 Pending -- -- --
05/31/2014 05/31/14 Sold $218,000 0.0% -- View Prior Sale
05/31/2014 05/31/14 Pending -- -- --
01/08/2014 01/08/14 For Sale $218,000 -- --
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 $765 $17,450 $0 $17,450
2024 $885 $17,450 $0 $17,450
2023 $884 $17,450 $0 $17,450
2022 $853 $17,450 $0 $17,450
2021 $845 $17,450 $0 $17,450
2020 $843 $17,450 $0 $17,450
2019 $844 $17,450 $0 $17,450
2018 $788 $17,950 $0 $0
2017 $755 $17,950 $0 $0
2016 $717 $17,950 $0 $0
2015 $685 $17,950 $0 $0
2014 $680 $17,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Robert McGriffin

    Seller's Agent in 2024

    Robert McGriffin

    Iron Valley Real Estate at The Beach

    (302) 535-2418

    1 in this area

    79 Total Sales

    Robert McGriffin
    Section Image

  • H

    Buyer's Agent in 2024

    Hayley Jackson

    Tesla Realty Group, LLC

    (302) 494-0214

    1 in this area

    13 Total Sales

    Hayley Jackson
    Section Image

  • M

    Seller's Agent in 2014

    Michelle Kelly

    Keller Williams Realty

    (302) 228-4542

    4 in this area

    35 Total Sales

    Michelle Kelly
    Section Image

  • A

    Buyer's Agent in 2014

    ANN CUNNINGHAM

    OCEAN ATLANTIC SOTHEBYS

See All Agents

Map

Source: Bright MLS

MLS Number: DESU2055780

Bright MLS

APN: 334-13.00-317.00-1106

Delaware Sussex County Rehoboth Beach 19971

36501 Palm Dr Unit 1106, Rehoboth Beach, DE

Not Listed for Sale

Condos

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