NOT LISTED FOR SALE

36507 Palm Dr Unit 2204 Rehoboth Beach, DE 19971

Estimated Value: $297,538 - $404,000

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

Last Sold February 25, 2021

Last sale price $229,000 $243 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $2,191/month

Highlights

  • Water Oriented
  • Pond View
  • Open Floorplan
  • Rehoboth Elementary School Rated A
  • 5.74 Acre Lot
  • Contemporary Architecture

About This Home

As of February 2021

Beachy 2 bedroom condo in tip top shape! This 2nd floor unit is neat as a pin and sure to delight with its many updates including luxury vinyl wide plank flooring, new carpet, custom paint, updated lighting & ceiling fans, new refrigerator, new garbage disposal, under cabinet lighting, new HVAC (2017) and a new hot water heater (2017). There is a large utility room with room for 2 bikes and a screened porch that offers views of the pond. The Palms offers a community pool, picturesque ponds and convenient location off Rt One with access to public transportation and walking distance to shops and restaurants. The property is offered with some furnishings to get you started on your new beach pad. (Inclusions listed in the listing description.)

Last Agent to Sell the Property

DEBBIE REED

(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 01/08/2021

RE/MAX Realty Group Rehoboth

Co-Listed By

AMY WARICK

(302) 258-5442 amy@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0016761

Last Buyer's Agent

Josh Rose

(302) 883-1201 therealroses@outlook.com LAIRD & ASSOCIATES License #RS-0036431

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $594

Year Built

  • Built in 2003

Lot Details

  • Landscaped
  • Property is in very good condition

HOA Fees

  • $267 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 2nd floor
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 941 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Partially Furnished
  • Bar
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room
  • Pond Views

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Lot

Outdoor Features

  • Water Oriented
  • Property is near a pond
  • Pond
  • Screened Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-13.00-317.00-2204

Community Details

Overview

  • $650 Capital Contribution Fee
  • Association fees include pool(s), common area maintenance, management, reserve funds, snow removal, trash
  • Low-Rise Condominium
  • Palms Of Rehoboth Subdivision

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$594

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: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Exclusions: Net wall hanging in entryway
  • Inclusions: Porch furniture, kitchen table & chairs, primary bedroom dresser, nightstand & mirror, wicker trunk, TV stand & 42" TV, blinds
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-01-08
  • Federal Flood Zone: No
  • Year Built: 2003
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 2
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Bar, Carpet, Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Floor Plan - Open, Primary Bath(s), Stall Shower, Walk-In Closet(s), Window Treatments
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 941
  • Living Area Sq Ft: 941
  • Price Per Sq Ft: 241.23
  • 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: Frame, Vinyl Siding
  • Roof: Asphalt
  • View: Pond
  • Water Access: No
  • Water Body Type: Pond
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Forced Air, 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
  • HOA Condo Co-Op Fee Includes: Pool(s), Common Area Maintenance, Management, Reserve Funds, Snow Removal, Trash
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 650.00

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Features: Pond, Landscaping
  • Lot Size Acres: 5.74
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 250034.00
  • Outdoor Living Structures: Porch(es), Screened
  • Property Condition: Very Good
  • Zoning: C-1
  • In City Limits: No

Rental Info

  • Furnished: Partially
  • Pets: Size/Weight Restriction
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5192899
  • School Tax: 538.00
  • Tax Annual Amount: 594.00
  • Assessor Parcel Number: 334-13.00-317.00-2204
  • 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
Jan 8, 2021
Closed on
Feb 25, 2021
Sold by
Monarski Thomas E and Monarski Joanne J
Bought by
Fidler Jill L and Brownawell Brenda L
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Josh Rose
LAIRD & ASSOCIATES
List Price
$227,000
Sold Price
$229,000
Premium/Discount to List
$2,000
0.88%
Current Estimated Value
$358,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,966
Avg. Annual Appreciation
9.40%
Original Mortgage
$154,000
Outstanding Balance
$138,050
Interest Rate
2.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$211,335

Purchase Details

Closed on
Apr 14, 2003
Bought by
Horsey Deborah A and Woren Rosemary A
Source: Public Records

Range of Values:

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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
Fidler Jill L $229,000 None Available
Horsey Deborah A $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fidler Jill L $154,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2021 02/25/21 Sold $229,000 +0.9% $243 / Sq Ft
01/08/2021 01/08/21 Pending -- -- --
01/08/2021 01/08/21 For Sale $227,000 -- $241 / 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

  • DEBBIE REED

    Seller's Agent in 2021

    DEBBIE REED

    RE/MAX

    (302) 227-3818

    267 in this area

    817 Total Sales

    DEBBIE REED
    Section Image
  • AMY WARICK

    Seller Co-Listing Agent in 2021

    AMY WARICK

    RE/MAX

    (302) 258-5442

    46 in this area

    95 Total Sales

    AMY WARICK
    Section Image
  • Josh Rose

    Buyer's Agent in 2021

    Josh Rose

    LAIRD & ASSOCIATES

    (302) 883-1201

    1 in this area

    45 Total Sales

    Josh Rose
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU175132

Bright MLS

APN: 334-13.00-317.00-2204

Delaware Sussex County Rehoboth Beach 19971

36507 Palm Dr Unit 2204, Rehoboth Beach, DE

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