NOT LISTED FOR SALE

36525 Palm Dr Unit 5204 Rehoboth Beach, DE 19971

Estimated Value: $331,820 - $441,000

2 Beds
2 Baths
-- Sq Ft
$270/mo HOA Fee

Last Sold February 13, 2015

Last sale price $150,500

Est. 143% increase in value since last sale

Current estimated payment $2,239/month

100 Days on Market

Highlights

  • Lake View
  • Waterfront
  • Great Room
  • Rehoboth Elementary School Rated A
  • Contemporary Architecture
  • Community Pool

About This Home

As of February 2015

LOCATION! REDUCED! Fantastic 2nd floor condo just 2 short miles to downtown Rehoboth Beach. Open floor plan with screened porch overlooking community pond and pool. Walk to outlets and restaurants and short bike ride to the beach. Freshly painted!!

Last Agent to Sell the Property

Christine Davis

(302) 236-1046 christine@activeadultsrealty.com Active Adults Realty License #RA-0030990 Listed on: 10/01/2014

Last Buyer's Agent

Christine Davis

(302) 236-1046 christine@activeadultsrealty.com Active Adults Realty License #RA-0030990 Listed on: 10/01/2014

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2004

Lot Details

  • Waterfront
  • Landscaped
  • Cleared Lot

HOA Fees

  • $270 Monthly HOA Fees

Property Views

  • Lake
  • Pond

Home Design

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

Interior Spaces

  • Property has 1 Level
  • Ceiling Fan
  • Window Treatments
  • Window Screens
  • Great Room
  • Living Room
  • Dining Room
  • Crawl Space

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Water Access
  • Property is near a pond
  • Screened Patio
  • Porch

Utilities

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

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-13.00-317.00-5204

Community Details

Overview

  • Association fees include lawn maintenance
  • Low-Rise Condominium
  • Palms Of Rehoboth Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Year Built

Built in 2004

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: Contemporary, Unit/Flat
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Year Built: 2004
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 2
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Breakfast Area, Ceiling Fan(s), Window Treatments
  • Window Features: Screens
  • Fireplace: No
  • Foundation Details: Block, Crawl Space
  • Level Count: 1
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Great Room, Laundry, Additional Bedroom
  • Basement: No

Beds/Baths

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

Exterior Features

  • Construction Materials: Stick Built, Vinyl Siding
  • Construction Completed: Yes
  • Exterior Features: Sidewalks
  • Roof: Shingle, Asphalt
  • View: Lake, Pond
  • Water Access: Yes
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 941.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 3240.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • HOA Condo Co-Op Amenities: Swimming Pool, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance
  • HOA: Yes
  • Community Pool Features: In Ground

Lot Info

  • Lot Features: Cleared, Landscaping
  • Outdoor Living Structures: Porch(es), Screened

Rental Info

  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5192938
  • Assessor Parcel Number: 334-13.00-317.00-5204
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2017
Sold by
Posey Christopher R and Posey Laura C
Bought by
Childress Harry L and Posey Laura C
Current Estimated Value
$365,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,250
Outstanding Balance
$113,783
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$251,922

Purchase Details

Listed on
Oct 1, 2014
Closed on
Feb 13, 2015
Sold by
Tom Tom
Bought by
Posey Samuel Allen and Posey Laura C
Seller's Agent
Christine Davis
Active Adults Realty
Buyer's Agent
Christine Davis
Active Adults Realty
List Price
$150,500
Sold Price
$150,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.55%
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
Childress Harry L -- None Available
Posey Samuel Allen $150,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Childress Harry L $137,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2015 02/13/15 Sold $150,500 0.0% --
01/09/2015 01/09/15 Pending -- -- --
10/01/2014 10/01/14 For Sale $150,500 -- --
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

  • Christine Davis

    Seller's Agent in 2015

    Christine Davis

    Active Adults Realty

    (302) 236-1046

    6 in this area

    103 Total Sales

    Christine Davis
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Map

Source: Bright MLS

MLS Number: 1000986012

Bright MLS

APN: 334-13.00-317.00-5204

Delaware Sussex County Rehoboth Beach 19971

36525 Palm Dr Unit 5204, Rehoboth Beach, DE

Not Listed for Sale

Condos

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