NOT LISTED FOR SALE

36525 Palm Dr Unit 5202 Rehoboth Beach, DE 19971

Estimated Value: $347,043 - $517,000

2 Beds
2 Baths
1,060 Sq Ft
$270/mo HOA Fee

Last Sold July 07, 2017

Last sale price $179,500 $169 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $2,526/month

92 Days on Market

Highlights

  • Indoor Pool
  • Waterfront
  • Forced Air Heating and Cooling System
  • Rehoboth Elementary School Rated A
  • Furnished
  • Carpet

About This Home

As of July 2017

Location!! Walking distance to outlets and shopping. Great 2 bedroom 2 bath condo with screened in balcony with views of pond and pool. Gas fireplace, washer/dryer. Located within minutes of beaches, and walking trails, outlets and recreation. Great for weekly/seasonal rentals or year round beach house. Motivated Sellers. Don't miss this one.

Last Agent to Sell the Property

Elizabeth Vasilikos

(302) 228-1290 lizvasilikos@gmail.com Keller Williams Realty Listed on: 03/07/2017

Keller Williams Realty

Last Buyer's Agent

GLENN FORNOFF

(301) 787-6810 glennfornoff@gmail.com Iron Valley Real Estate at The Beach

Iron Valley Real Estate at The Beach

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2003

Lot Details

  • Waterfront

HOA Fees

  • $270 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,060 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Gas Fireplace
  • Carpet
  • Electric Dryer

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Pool

  • Indoor Pool
  • In Ground Pool

Outdoor Features

  • Water Access
  • Property is near a pond

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System

Community Details

  • Low-Rise Condominium
  • Palms Of Rehoboth Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-13.00-317.00-5202

Property Details

Home Type

Condominium

Year Built

Built in 2003

Lot Details

0

HOA Fees

$270 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
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 2003
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dryer - Electric
  • Entry Floor: 2
  • Flooring Type: Carpet
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Slab
  • Level Count: 1
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1060
  • Living Area Sq Ft: 1060
  • Net Sq Ft: 1060.00
  • Price Per Sq Ft: 174.06
  • Above Grade Finished Sq Ft: 1060
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Construction Completed: Yes
  • Pool Features: Indoor, In Ground
  • Roof: Shingle, Asphalt
  • Water Access: Yes
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3240.00
  • HOA: No
  • Association Recreation Fee: No

Lot Info

  • Lot Size Units: Acres
  • Zoning Description: HIGH DENSITY RESIDENTIAL

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5192936
  • Assessor Parcel Number: 334-13.00-317.00-5202
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2017
Closed on
Jul 7, 2017
Sold by
Thomas Crystal and Fleming Shelley
Bought by
Smegal Diane L and Smegal Mark A
Seller's Agent
Elizabeth Vasilikos
Keller Williams Realty
Buyer's Agent
GLENN FORNOFF
Iron Valley Real Estate at The Beach
List Price
$188,400
Sold Price
$179,500
Premium/Discount to List
-$8,900
-4.72%
Current Estimated Value
$419,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,011
Avg. Annual Appreciation
10.61%
Original Mortgage
$129,500
Outstanding Balance
$107,593
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$311,918

Purchase Details

Closed on
Jun 20, 2003
Bought by
Fleming Shelley and Crystal Thomas
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Smegal Diane L $359,000 None Available
Fleming Shelley $186,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smegal Diane L $129,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2017 07/07/17 Sold $179,500 -4.7% $169 / Sq Ft
06/07/2017 06/07/17 Pending -- -- --
03/07/2017 03/07/17 For Sale $188,400 -- $178 / 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

  • Elizabeth Vasilikos

    Seller's Agent in 2017

    Elizabeth Vasilikos

    Keller Williams Realty

    (302) 228-1290

    1 in this area

    6 Total Sales

    Elizabeth Vasilikos
    Section Image
  • GLENN FORNOFF

    Buyer's Agent in 2017

    GLENN FORNOFF

    Iron Valley Real Estate at The Beach

    (301) 787-6810

    1 in this area

    36 Total Sales

    GLENN FORNOFF
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001026890

Bright MLS

APN: 334-13.00-317.00-5202

Delaware Sussex County Rehoboth Beach 19971

36525 Palm Dr Unit 5202, Rehoboth Beach, DE

Not Listed for Sale

Condos

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