NOT LISTED FOR SALE

36525 Palm Dr Unit 5203 Rehoboth Beach, DE 19971

Estimated Value: $346,523 - $444,000

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

Last Sold September 25, 2023

Last sale price $325,000

Est. 15% increase in value since last sale

Current estimated payment $2,281/month

22 Days on Market

Highlights

  • Open Floorplan
  • Great Room
  • Bar
  • Rehoboth Elementary School Rated A
  • Community Pool
  • Walk-In Closet

About This Home

As of September 2023

The only condo currently available in The Palms of Rehoboth. This freshly painted 2 bedroom, 2 bath 2nd floor condo is gently lived in part time as a vacation home.

Last Agent to Sell the Property

Sandy Leigh Eigenbrode

(302) 233-1182 Sandy.Leigh1111@gmail.com Century 21 Home Team Realty License #RS-0014538 Listed on: 07/15/2023

Century 21 Home Team Realty

Last Buyer's Agent

BRENDA HARPER

(302) 236-0395 brenda.harper@cbmove.com Coldwell Banker Realty License #RS-0024105

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $601

Year Built

  • Built in 2003

Lot Details

  • Property is in good condition

HOA Fees

  • $267 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Entry on the 2nd floor
  • Vinyl Siding

Interior Spaces

  • Property has 1 Level
  • Open Floorplan
  • Bar
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Great Room
  • Dining Area

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-13.00-317.00-5203

Community Details

Overview

  • Association fees include lawn maintenance, management, pool(s), snow removal, trash
  • Low-Rise Condominium
  • Vacasa Condos
  • Palms Of Rehoboth Subdivision
  • Property Manager

Recreation

  • Community Pool

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$601

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
  • Exclusions: Personal Property
  • Inclusions: All appliances
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-07-15
  • Federal Flood Zone: No
  • Year Built: 2003
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 2
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Bar, Carpet, Ceiling Fan(s), Dining Area, Floor Plan - Open, Recessed Lighting, Tub Shower, Walk-In Closet(s), Window Treatments
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Room List: Bedroom 2, Kitchen, Great Room, Laundry, Bathroom 1, Bathroom 2
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • 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: Vinyl Siding
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • 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
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 800.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Vacasa
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Management, Pool(s), Snow Removal, Trash
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Good
  • Zoning: C-1
  • In City Limits: No

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 545.00
  • Tax Annual Amount: 601.00
  • Assessor Parcel Number: 334-13.00-317.00-5203
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2024
Sold by
Daily Gregory Lee and Reinhardt John
Bought by
Daily Gregory Lee
Current Estimated Value
$374,381

Purchase Details

Listed on
Jul 15, 2023
Closed on
Sep 25, 2023
Sold by
Baver Stormy
Bought by
Daily Gregory Lee and Reinhardt John
Seller's Agent
Sandy Leigh Eigenbrode
Century 21 Home Team Realty
Buyer's Agent
BRENDA HARPER
Coldwell Banker Realty
List Price
$398,000
Sold Price
$325,000
Premium/Discount to List
-$73,000
-18.34%
Views
583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.64%
Original Mortgage
$292,500
Interest Rate
7.18%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Daily Gregory Lee $13,150 None Listed On Document
Daily Gregory Lee $13,150 None Listed On Document
Daily Gregory Lee $325,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Daily Gregory Lee $292,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/25/2023 09/25/23 Sold $325,000 -6.9% --
08/07/2023 08/07/23 Pending -- -- --
07/18/2023 07/18/23 Price Changed $349,000 -12.3% --
07/15/2023 07/15/23 For Sale $398,000 +137.6% --
04/29/2016 04/29/16 Sold $167,500 -4.8% -- View Prior Sale
04/04/2016 04/04/16 Pending -- -- --
09/29/2015 09/29/15 For Sale $175,900 -- --
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 $595 $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

  • Sandy Leigh Eigenbrode

    Seller's Agent in 2023

    Sandy Leigh Eigenbrode

    Century 21 Home Team Realty

    (302) 233-1182

    9 in this area

    32 Total Sales

    Sandy Leigh Eigenbrode
    Section Image
  • BRENDA HARPER

    Buyer's Agent in 2023

    BRENDA HARPER

    Coldwell Banker Realty

    (302) 236-0395

    2 in this area

    21 Total Sales

    BRENDA HARPER
    Section Image

  • J

    Seller's Agent in 2016

    Jim and Ann Malloy

    Long & Foster

    Section Image
  • Bruce Plummer

    Buyer's Agent in 2016

    Bruce Plummer

    Coldwell Banker Premier - Rehoboth

    (302) 245-7653

    1 in this area

    12 Total Sales

    Bruce Plummer
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2044520

Bright MLS

APN: 334-13.00-317.00-5203

Delaware Sussex County Rehoboth Beach 19971

36525 Palm Dr Unit 5203, Rehoboth Beach, DE

Not Listed for Sale

Condos

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