NOT LISTED FOR SALE

36507 Palm Dr Unit 2202 Rehoboth Beach, DE 19971

Estimated Value: $354,000 - $434,000

2 Beds
2 Baths
1,092 Sq Ft
$267/mo HOA Fee

Last Sold February 07, 2020

Last sale price $215,000 $197 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $2,308/month

Highlights

  • Coastal Architecture
  • Great Room
  • Community Pool
  • Rehoboth Elementary School Rated A
  • Screened Porch
  • Walk-In Closet

About This Home

As of February 2020

Welcome to the Palms, located just outside of downtown Rehoboth Beach on Coastal Highway. This two bedroom, two bathroom unit is ready for occupancy with brand new vinyl plank flooring and carpet. Unit was just painted including trim. An easy bike ride to downtown Rehoboth on the Breakwater Trail. A proven rental investment or beach getaway! The Palms community features an outdoor pool for your enjoyment. The screened porch and deck add to the appeal of summer time nights. The unit is on the second floor and requires just one flight of steps for entry.

Last Agent to Sell the Property

Kathy Newcomb

(302) 542-4255 knewcomb@cbanker.com Coldwell Banker Premier - Rehoboth License #RA-0003510 Listed on: 11/25/2019

Coldwell Banker Premier - Rehoboth

Last Buyer's Agent

Junie Seward

(302) 598-9267 junieseward@remax.net RE/MAX Associates - Newark

RE/MAX Associates - Newark

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $661

Year Built

  • Built in 2003

Lot Details

  • Two or More Common Walls
  • Sprinkler System
  • Property is in good condition

HOA Fees

  • $267 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Entry on the 2nd floor
  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 1,092 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Window Screens
  • Great Room
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Screened Porch

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Electric Front Loading Dryer
  • Front Loading Washer

Parking

  • Paved Parking
  • Parking Lot

Schools

  • Beacon Middle School
  • Cape Henlopen High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 334-13.00-317.00-2202

Community Details

Overview

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

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$661

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: Coastal, Unit/Flat
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2003
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer - Electric, Dryer - Front Loading, Oven/Range - Electric, Refrigerator, Washer - Front Loading, Water Heater
  • Entry Floor: 2
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Dining/Living, Flat, Family Room Off Kitchen, Recessed Lighting, Sprinkler System, Walk-In Closet(s), Window Treatments
  • Window Features: Screens
  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Room List: Primary Bedroom, Bedroom 2, Kitchen, Great Room, Screened Porch
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1092
  • Living Area Sq Ft: 1092
  • Price Per Sq Ft: 206.04
  • Above Grade Finished Sq Ft: 1092
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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, Aluminum Siding
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: General Common Elements, Paved Parking
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Phone
  • Water Source: Community
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3200.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: The Palms
  • Condo Co-Op Phone: Resort Quest
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Pool(s), Snow Removal, Trash
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Fenced

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Good
  • Zoning: C-1
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5192897
  • School Tax: 598.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 661.00
  • Assessor Parcel Number: 334-13.00-317.00-2202
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2024
Sold by
Wyttenbach Blake A and Wyttenbach Marcia S
Bought by
Joint Revocable Trust and Wyttenbach
Current Estimated Value
$380,555

Purchase Details

Listed on
Nov 25, 2019
Closed on
Feb 7, 2020
Sold by
Orlando Jon R and Orlando Jon M
Bought by
Wyttenbach Blake R and Wyttenbach Marcia S
Seller's Agent
Kathy Newcomb
Coldwell Banker Premier - Rehoboth
Buyer's Agent
Junie Seward
RE/MAX Associates - Newark
List Price
$225,000
Sold Price
$215,000
Premium/Discount to List
-$10,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.50%
Original Mortgage
$161,250
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2003
Bought by
Orlando Jon M and Phyllis Leslie Orla
Source: Public Records

Range of Values:

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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
Joint Revocable Trust -- None Listed On Document
Joint Revocable Trust -- None Listed On Document
Wyttenbach Blake R $215,000 None Available
Orlando Jon M $170,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wyttenbach Blake R $161,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/07/2020 02/07/20 Sold $215,000 -4.4% $197 / Sq Ft
12/18/2019 12/18/19 Pending -- -- --
11/25/2019 11/25/19 For Sale $225,000 -- $206 / 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 $590 $14,050 $0 $14,050
2024 $717 $14,050 $0 $14,050
2023 $717 $14,050 $0 $14,050
2022 $692 $14,050 $0 $14,050
2021 $685 $14,050 $0 $14,050
2020 $683 $14,050 $0 $14,050
2019 $684 $14,050 $0 $14,050
2018 $639 $14,550 $0 $0
2017 $612 $14,550 $0 $0
2016 $581 $14,550 $0 $0
2015 $555 $14,550 $0 $0
2014 $551 $14,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kathy Newcomb

    Seller's Agent in 2020

    Kathy Newcomb

    Coldwell Banker Premier - Rehoboth

    (302) 542-4255

    20 in this area

    178 Total Sales

    Kathy Newcomb
    Section Image
  • Junie Seward

    Buyer's Agent in 2020

    Junie Seward

    RE/MAX

    (302) 598-9267

    3 in this area

    63 Total Sales

    Junie Seward
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU152110

Bright MLS

APN: 334-13.00-317.00-2202

Delaware Sussex County Rehoboth Beach 19971

36507 Palm Dr Unit 2202, Rehoboth Beach, DE

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