NOT LISTED FOR SALE

400 Cascade Ln Unit 407 Rehoboth Beach, DE 19971

Estimated Value: $358,000 - $392,000

2 Beds
2 Baths
1,038 Sq Ft
$209/mo HOA Fee

Last Sold October 30, 2020

Last sale price $220,000 $212 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $2,224/month

4 Days on Market

Highlights

  • Furnished
  • Community Pool
  • Central Air
  • Rehoboth Elementary School Rated A
  • Walk-In Closet
  • Ceiling Fan

About This Home

As of October 2020

This is a first floor 2 bedroom, 2 bath condo in the popular community of Creekwood. It is being offered furnished. One level living with an open living, dining and kitchen! New washer just installed. A private screened porch overlooks a wooded setting! Close to both Rehoboth Beach and Lewes so you can enjoy the cuisine, shopping, and State Parks. This unit is ready-to-go!

Last Agent to Sell the Property

DEBBIE REED

(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 09/17/2020

RE/MAX Realty Group Rehoboth

Last Buyer's Agent

Andy Whitescarve Whitescarver

(302) 242-5557 doverrealestate@aol.com RE/MAX Realty Group Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $620

Year Built

  • Built in 2002

Lot Details

  • 4,922

HOA Fees

  • $209 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Block Foundation
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,038 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Window Screens

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • On-Street Parking
  • Parking Lot

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-13.00-3.01-407

Community Details

Overview

  • $400 Capital Contribution Fee
  • Association fees include common area maintenance, pool(s), lawn maintenance
  • Low-Rise Condominium
  • Legum & Norman Condos, Phone Number (302) 227-8448
  • Creekwood Subdivision

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$620

Year Built

Built in 2002

Lot Details

0

HOA Fees

$209 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: East of Rt 1
  • Ownership: Condominium
  • Exclusions: TV
  • Historic: No
  • Home Warranty: No
  • Inclusions: Sold Furnished
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2002
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Icemaker, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Carpet, Ceiling Fan(s), Walk-In Closet(s), Window Treatments
  • Window Features: Insulated, Screens
  • Fireplace: No
  • Foundation Details: Block
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1038
  • Living Area Sq Ft: 1038
  • Price Per Sq Ft: 207.13
  • Above Grade Finished Sq Ft: 1038
  • 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: Stick Built, Vinyl Siding
  • Exterior Features: Street Lights
  • Roof: Architectural Shingle
  • 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: On Street, 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

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2504.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Legum & Norman
  • Condo Co-Op Phone: 302-227-8448
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Pool(s), Lawn Maintenance
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground

Fee Information

  • Capital Contribution Fee: 400.00

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Lot Dimensions: 0.00 x 0.00
  • 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
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 7226915
  • School Tax: 561.00
  • Tax Annual Amount: 620.00
  • Assessor Parcel Number: 334-13.00-3.01-407
  • 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
Sep 17, 2020
Closed on
Oct 29, 2020
Sold by
Diana M Lund T
Bought by
Toner Karin
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Andy Whitescarve Whitescarver
RE/MAX Realty Group Rehoboth
List Price
$215,000
Sold Price
$220,000
Premium/Discount to List
$5,000
2.33%
Current Estimated Value
$372,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,335
Avg. Annual Appreciation
10.85%
Original Mortgage
$176,000
Outstanding Balance
$156,615
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$215,720

Purchase Details

Closed on
Apr 20, 2015
Sold by
David David and Henderson Sylvia
Bought by
Drfc Inc
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
Toner Karin $220,000 None Available
Drfc Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Toner Karin $176,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/30/2020 10/30/20 Sold $220,000 +2.3% $212 / Sq Ft
09/21/2020 09/21/20 Pending -- -- --
09/17/2020 09/17/20 For Sale $215,000 +13.2% $207 / Sq Ft
02/28/2017 02/28/17 Sold $190,000 -4.5% $183 / Sq Ft View Prior Sale
02/09/2017 02/09/17 Pending -- -- --
11/20/2016 11/20/16 For Sale $199,000 -- $192 / 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 $687 $13,200 $0 $13,200
2024 $685 $13,200 $0 $13,200
2023 $685 $13,200 $0 $13,200
2022 $661 $13,200 $0 $13,200
2021 $655 $13,200 $0 $13,200
2020 $653 $13,200 $0 $13,200
2019 $654 $13,200 $0 $13,200
2018 $610 $13,900 $0 $0
2017 $585 $13,900 $0 $0
2016 $555 $13,900 $0 $0
2015 $531 $13,900 $0 $0
2014 $527 $13,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • DEBBIE REED

    Seller's Agent in 2020

    DEBBIE REED

    RE/MAX

    (302) 227-3818

    260 in this area

    796 Total Sales

    DEBBIE REED
    Section Image

  • J

    Seller's Agent in 2017

    Jenn Nagle

    OCEAN ATLANTIC SOTHEBYS

    (302) 228-2841

    12 Total Sales

    Jenn Nagle
    Section Image

  • C

    Seller Co-Listing Agent in 2017

    CHRISTINE MOORE

    OCEAN ATLANTIC SOTHEBYS

See All Agents

Map

Source: Bright MLS

MLS Number: DESU169364

Bright MLS

APN: 334-13.00-3.01-407

Delaware Sussex County Rehoboth Beach 19971

400 Cascade Ln Unit 407, Rehoboth Beach, DE

Not Listed for Sale

Condos

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