NOT LISTED FOR SALE

36507 Palm Dr Unit 2205 Rehoboth Beach, DE 19971

Estimated Value: $324,681 - $432,000

2 Beds
2 Baths
1,092 Sq Ft
$283/mo HOA Fee

Last Sold January 22, 2021

Last sale price $225,000 $206 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $2,268/month

Highlights

  • Traditional Architecture
  • Main Floor Bedroom
  • Community Pool
  • Rehoboth Elementary School Rated A
  • Furnished
  • Walk-In Closet

About This Home

As of January 2021

Great opportunity to own your beach retreat.. This second floor 2 bedroom unit is located in The Palms, a fantastic community within walking distance of the outlets, fine dining, and grocery stores. Ride your bike to the beach or hop on the local transit bus. Enjoy the community pool just a few steps away or bike to the beach in Rehoboth or Dewey, or the nearby state bike trail. Sold furnished, this property has an excellent rental history to continue as an investment, or enjoy as your personal beach getaway!

Last Agent to Sell the Property

Vicki Tull

(302) 245-9173 vicki@vickitull.com Long & Foster Real Estate, Inc. Listed on: 12/09/2020

Long & Foster Real Estate, Inc.

Co-Listed By

Jordan Garcia

(484) 651-9048 jordan.garcia@longandfoster.com Long & Foster Real Estate, Inc. License #RS-0023700

Last Buyer's Agent

Christopher Beagle

(215) 262-6209 christopherbeagle1@gmail.com Compass License #RS-0020683

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $660

Year Built

  • Built in 2003

Lot Details

  • 3,659

HOA Fees

  • $283 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Entry on the 2nd floor
  • Frame Construction
  • Architectural Shingle Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 1,092 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Combination Kitchen and Dining Room
  • Carpet
  • Stacked Washer and Dryer

Kitchen

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

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Lot

Utilities

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

Additional Features

  • Doors swing in
  • Property is in good condition

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-13.00-317.00-2205

Community Details

Overview

  • Association fees include common area maintenance, insurance, pool(s), reserve funds, snow removal, trash
  • Low-Rise Condominium
  • The Palms Subdivision
  • Property Manager

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$660

Year Built

Built in 2003

Lot Details

0

HOA Fees

$283 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Traditional
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: Doors - Swing In
  • Ownership: Fee Simple
  • Inclusions: Sold furnished including electronics
  • 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: Built-In Microwave, Dishwasher, Disposal, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 2
  • Flooring Type: Carpet
  • Interior Amenities: Ceiling Fan(s), Window Treatments, Combination Kitchen/Dining, Entry Level Bedroom, Walk-In Closet(s)
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • 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, Vinyl Siding
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 850.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Pool(s), Reserve Funds, Snow Removal, 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
  • Property Condition: Good
  • Zoning: C-1
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 25000.00
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5192900
  • School Tax: 597.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 660.00
  • Assessor Parcel Number: 334-13.00-317.00-2205
  • 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
Dec 9, 2020
Closed on
Jan 22, 2021
Sold by
Chhour Kong S and Chhour Kea S
Bought by
Thomas Jennifer
Seller's Agent
Vicki Tull
Long & Foster Real Estate, Inc.
Buyer's Agent
Christopher Beagle
Compass
List Price
$225,000
Sold Price
$225,000
Current Estimated Value
$369,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,920
Avg. Annual Appreciation
10.99%
Original Mortgage
$180,000
Outstanding Balance
$160,338
Interest Rate
2.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$209,582
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
Thomas Jennifer $225,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Jennifer $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/22/2021 01/22/21 Sold $225,000 0.0% $206 / Sq Ft
12/13/2020 12/13/20 Pending -- -- --
12/09/2020 12/09/20 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

  • V

    Seller's Agent in 2021

    Vicki Tull

    Long & Foster

    Section Image
  • Jordan Garcia

    Seller Co-Listing Agent in 2021

    Jordan Garcia

    Long & Foster

    (484) 651-9048

    18 in this area

    94 Total Sales

    Jordan Garcia
    Section Image
  • Christopher Beagle

    Buyer's Agent in 2021

    Christopher Beagle

    Compass

    (215) 262-6209

    30 in this area

    60 Total Sales

    Christopher Beagle
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU174430

Bright MLS

APN: 334-13.00-317.00-2205

Delaware Sussex County Rehoboth Beach 19971

36507 Palm Dr Unit 2205, Rehoboth Beach, DE

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