NOT LISTED FOR SALE

36507 Palm Dr Unit 2203 Rehoboth Beach, DE 19971

Estimated Value: $240,792 - $404,000

2 Beds
2 Baths
941 Sq Ft
$267/mo HOA Fee

Last Sold December 29, 2020

Last sale price $213,000 $226 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,179/month

Highlights

  • Community Pool
  • Central Air
  • Heat Pump System
  • Rehoboth Elementary School Rated A

About This Home

As of December 2020

Welcome to the Palms, located just outside of downtown Rehoboth Beach on Coastal Highway. Located approximately 1.5 miles from the City limits of Rehoboth with easy access to the Breakwater Junction trail. Perfect for a year round rental investment. The Palms community features an outdoor pool for your enjoyment. Enjoy views of the pond and pool from the screened in deck. The unit is on the second floor and requires just one flight of steps for entry.

Last Agent to Sell the Property

ROBERT MCVEY III

(302) 227-9477 bobbym@mannandsons.com Mann & Sons, Inc. License #RS-0022347 Listed on: 10/07/2020

Co-Listed By

THOMAS HUDSON

(302) 448-5022 tomhudsonrealtor@gmail.com Mann & Sons, Inc. License #RS-0023720

Last Buyer's Agent

Brooks Noll

(302) 399-9162 brooksnollrealtor@gmail.com Iron Valley Real Estate Premier License #RS-0025270

Iron Valley Real Estate Premier

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $617

Year Built

  • Built in 2003

Lot Details

  • 3,659

HOA Fees

  • $267 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Stick Built Home

Interior Spaces

  • 941 Sq Ft Home
  • Property has 1 Level

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Parking Lot
  • 1 Assigned Parking Space

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-13.00-317.00-2203

Community Details

Overview

  • Association fees include lawn maintenance, pool(s), trash
  • Low-Rise Condominium
  • Palms Of Rehoboth Subdivision

Recreation

  • Community Pool

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$617

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
  • Federal Flood Zone: No
  • Year Built: 2003
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Refrigerator, Dishwasher, Disposal, Dryer, Microwave, Washer, Water Heater
  • Entry Floor: 2
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 941
  • Living Area Sq Ft: 941
  • Price Per Sq Ft: 232.73
  • Above Grade Finished Sq Ft: 941
  • 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: Stick Built
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • 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
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3200.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Pool(s), Trash
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

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

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5192898
  • School Tax: 538.00
  • Tax Annual Amount: 617.38
  • Assessor Parcel Number: 334-13.00-317.00-2203
  • 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

Listed on
Oct 7, 2020
Closed on
Dec 29, 2020
Sold by
Novotny Joseph and Novotny Joann
Bought by
Rodriguera George M and Acacio Lorie A
Seller's Agent
ROBERT MCVEY III
Mann & Sons, Inc.
Buyer's Agent
Brooks Noll
Iron Valley Real Estate Premier
List Price
$219,000
Sold Price
$213,000
Premium/Discount to List
-$6,000
-2.74%
Current Estimated Value
$356,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,761
Avg. Annual Appreciation
9.68%
Original Mortgage
$191,700
Outstanding Balance
$171,093
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$162,355
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
Rodriguera George M $213,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguera George M $191,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2020 12/29/20 Sold $213,000 -2.7% $226 / Sq Ft
11/21/2020 11/21/20 Pending -- -- --
10/07/2020 10/07/20 For Sale $219,000 -- $233 / 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 $539 $12,650 $0 $12,650
2024 $648 $12,650 $0 $12,650
2023 $648 $12,650 $0 $12,650
2022 $625 $12,650 $0 $12,650
2021 $619 $12,650 $0 $12,650
2020 $617 $12,650 $0 $12,650
2019 $618 $12,650 $0 $12,650
2018 $577 $13,150 $0 $0
2017 $553 $13,150 $0 $0
2016 $525 $13,150 $0 $0
2015 $502 $13,150 $0 $0
2014 $498 $13,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    ROBERT MCVEY III

    Mann & Sons, Inc.

    (302) 227-9477

    5 in this area

    34 Total Sales

    ROBERT MCVEY III
    Section Image
  • THOMAS HUDSON

    Seller Co-Listing Agent in 2020

    THOMAS HUDSON

    Mann & Sons, Inc.

    (302) 448-5022

    1 in this area

    1 Total Sale

    THOMAS HUDSON
    Section Image
  • Brooks Noll

    Buyer's Agent in 2020

    Brooks Noll

    Iron Valley Real Estate Premier

    (302) 399-9162

    1 in this area

    47 Total Sales

    Brooks Noll
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU170608

Bright MLS

APN: 334-13.00-317.00-2203

Delaware Sussex County Rehoboth Beach 19971

36507 Palm Dr Unit 2203, Rehoboth Beach, DE

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