Seller's Agent in 2024
GEOFFREY HOWARD
Keller Williams Realty
(702) 204-2251
5 in this area
23 Total Sales
36525 Palm Dr Unit 5106 Rehoboth Beach, DE 19971
Estimated Value: $431,000 - $591,000
3
Beds
2
Baths
1,426
Sq Ft
$267/mo
HOA Fee
Highlights
- Furnished
- Community Pool
- Back Up Electric Heat Pump System
- Rehoboth Elementary School Rated A
- Central Air
About This Home
As of April 2024This summer, maximize your enjoyment by avoiding the stress of traffic and delays at this conveniently situated address. The Palms of Rehoboth is located just under ¾ mile from turn for the avenue into Rehoboth off of Coastal Highway. A plethora of restaurants, outlet shopping, a gourmet grocery store, water park, and the premier seasonal event venue, Schellville, are all at your doorstep. There is a crosswalk directly in front of the community leading to easy access to the Junction and Breakwater Bike Trail that will take you directly into Rehoboth or also to Lewes and Cape Henlopen State Park.
This cool and chic 3-bedroom 2-bath first floor unit is spectacular. Large bedrooms allow for sleeping up to 10 or more. Recent updates to the kitchen and baths as well as flooring and an eye for style makes this unit the one not to be missed. A large open kitchen-living area is big enough for large gatherings.
Home is lovingly decorated and is being offered fully furnished. Kitchen features enchanting granite countertops along with breakfast bar. The large deep double-sided stainless sink and stainless appliances make preparing meals a breeze. Kitchen is fully equipped with small appliances, all plates, pots, pans, and utensils. A large dining table offers plenty of space for enjoying gatherings.
The living space features a wonderful relaxing area for watching tv, enjoying a book or just resting after a fun-filled day. The home will convey with 3 televisions.
Adding to the enjoyment, the home features a screened in porch with dining table as well as a covered patio perfect for grilling. Outdoor activities can be enjoyed in the backyard area as well as large open lawn area to the side of the property.
Once you are done enjoying the beaches or boardwalk, come home to the Palms of Rehoboth. The community offers open lawns, picturesque ponds with fountain and a lovely swimming pool. All exterior maintenance is taken care of by the association. Community has large parking lot and bike racks. A carefree community offering location, ease of ownership and convenience. Relax, you are at the beach!
Investors take note. This property has proven to be a strong rental. Due to its quick access to Rehoboth Beach, the property rents extremely well in season. Add in the fact that it is directly across the street from the Schellville holiday venue, rentals off season are at a premium. Seller will share all rental data and information if new buyers wish to continue earning rental income. The 2024 season does have many weeks already rented.
Last Agent to Sell the Property
(702) 204-2251 geoff.howard302@gmail.com Keller Williams Realty Listed on: 03/15/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $859
Year Built
- Built in 2003
Lot Details
- 3,659
HOA Fees
- $267 Monthly HOA Fees
Home Design
- Entry on the 1st floor
- Vinyl Siding
Interior Spaces
- 1,426 Sq Ft Home
- Property has 1 Level
- Furnished
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
- Parking Lot
Utilities
- Central Air
- Back Up Electric Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Property is used as a vacation rental
- Assessor Parcel Number 334-13.00-317.00-5106
Community Details
Overview
- Association fees include lawn maintenance, management, trash, snow removal
- Low-Rise Condominium
- Palms Of Rehoboth Subdivision
Recreation
- Community Pool
Pet Policy
- No Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 15, 2024
Closed on
Apr 19, 2024
Sold by
Swoope Joshua and Swoope Michele
Bought by
Latulippe Marc R
Seller's Agent
GEOFFREY HOWARD
Keller Williams Realty
Buyer's Agent
Christopher Beagle
Compass
List Price
$429,000
Sold Price
$444,000
Premium/Discount to List
$15,000
3.5%
Views
134
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,083
Avg. Annual Appreciation
5.41%
Original Mortgage
$200,000
Outstanding Balance
$197,012
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$287,071
Purchase Details
Listed on
Jul 16, 2013
Closed on
May 9, 2014
Sold by
Nicholas J Nicholas J and Nardo Susan M
Bought by
Deloizy Frederic and Himes Mark C
Seller's Agent
KAY HERRMAN
CONNOR JACOBSEN REALTY INC
Buyer's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
List Price
$222,000
Sold Price
$222,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.21%
Original Mortgage
$199,800
Interest Rate
4.33%
Mortgage Type
Unknown
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Latulippe Marc R | $444,000 | None Listed On Document | |
| Deloizy Frederic | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Latulippe Marc R | $200,000 | |
| Previous Owner | Deloizy Frederic | $199,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/19/2024 04/19/24 | Sold | $444,000 | +3.5% | $311 / Sq Ft | |
| 03/18/2024 03/18/24 | Pending | -- | -- | -- | |
| 03/15/2024 03/15/24 | For Sale | $429,000 | +73.3% | $301 / Sq Ft | |
| 06/24/2016 06/24/16 | Sold | $247,500 | -1.0% | $172 / Sq Ft | View Prior Sale |
| 05/09/2016 05/09/16 | Pending | -- | -- | -- | |
| 04/15/2016 04/15/16 | For Sale | $249,900 | +12.6% | $174 / Sq Ft | |
| 05/09/2014 05/09/14 | Sold | $222,000 | 0.0% | -- | View Prior Sale |
| 03/26/2014 03/26/14 | Pending | -- | -- | -- | |
| 07/16/2013 07/16/13 | For Sale | $222,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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
-
GEOFFREY HOWARD
-
Christopher Beagle
Buyer's Agent in 2024
Christopher Beagle
Compass
(215) 262-6209
26 in this area
56 Total Sales
-
Lee Ann Wilkinson
Seller's Agent in 2016
Lee Ann Wilkinson
BHHS PenFed (actual)
(302) 278-6726
216 in this area
1,816 Total Sales
-
MARK ROBINSON
Seller Co-Listing Agent in 2016
MARK ROBINSON
BHHS PenFed (actual)
(703) 371-8191
3 in this area
11 Total Sales
-
K
Seller's Agent in 2014
KAY HERRMAN
CONNOR JACOBSEN REALTY INC
Map
Source: Bright MLS
MLS Number: DESU2057640
APN: 334-13.00-317.00-5106
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