NOT LISTED FOR SALE

400 Cascade Ln Unit 408 Rehoboth Beach, DE 19971

Estimated Value: $346,527 - $406,000

2 Beds
2 Baths
1,144 Sq Ft
$223/mo HOA Fee

Last Sold August 23, 2024

Last sale price $380,000 $332 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,269/month

35 Days on Market

Highlights

  • Open Floorplan
  • Coastal Architecture
  • Screened Porch
  • Rehoboth Elementary School Rated A
  • Main Floor Bedroom
  • Community Pool

About This Home

As of August 2024

Nestled in the charming Creekwood community of Rehoboth Beach, Delaware, this delightful first-floor condo presents a unique opportunity to enjoy the best of beach living without the hassles of maintaining a single-family home. This two-bedroom, two-bath home could be your perfect beach getaway or your new full-time residence. As you step into this inviting home, you're immediately greeted by an open floor plan bathed in natural light from the many windows that adorn each room. The spacious living room flows effortlessly into a cozy dining area, creating a warm and welcoming space for entertaining or simply unwinding after a day at the beach. The quintessential galley-style kitchen is a chef’s dream, featuring 42” cabinetry, a substantial pantry, and abundant counter space—perfect for preparing those beloved family beach recipes. The condo's thoughtful split floor plan ensures privacy and comfort. On one side, the sizable primary bedroom boasts an ensuite with a stall shower and a graciously sized walk-in closet, offering a peaceful retreat. On the other side, an additional bedroom also features a walk-in closet and private access to a well-appointed hall bath. In the foyer, a hall closet provides extra storage space, while the tucked-away laundry room offers additional organizing options. From the dining room, step out onto the charming, screened porch—the perfect spot to relax in the evening and plan your next beach adventure. Located just four miles from the vibrant Rehoboth Beach boardwalk, this home is ideally situated. A short bike ride will take you to the Wolfe Neck Breakwater park entrance to the Lewes to Rehoboth bike/hike trail, and you'll find abundant shopping, dining, and entertainment venues all within easy reach. Plus, the community pool is conveniently located just around the corner, providing a refreshing escape on warm summer days. This well-maintained condo is more than just a home; it’s a lifestyle. Being sold fully furnished. Beach retreat, full-time residence, or possible rental opportunity, 400 Cascade Lane, Unit 408 could be perfect for you. Everyone knows life is better at the beach, and this sweet abode offers a simply perfect blend of comfort, convenience, and coastal charm. Don’t wait—come see for yourself why this home won’t last long!

Last Agent to Sell the Property

Gary Desch

(302) 947-9100 garydesch@northroprealty.com Northrop Realty License #RS0025597 Listed on: 06/06/2024

Northrop Realty

Last Buyer's Agent

LESLIE SAVAGE

(302) 381-4034 leslie@jacklingo.com Jack Lingo - Lewes License #RS-0017901

Jack Lingo - Lewes

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $686

Year Built

  • Built in 2002

Lot Details

  • 4,922

HOA Fees

  • $223 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Entry on the 1st floor
  • Slab Foundation
  • Frame Construction
  • Pitched Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,144 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Vinyl Clad Windows
  • Window Treatments
  • Window Screens
  • Atrium Doors
  • Six Panel Doors
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Screened Porch
  • Partially Carpeted

Kitchen

  • Galley Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • Paved Parking
  • Parking Lot

Schools

  • Rehoboth Elementary School
  • Beacon Middle School
  • Cape Henlopen High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • 60 Gallon+ Water Heater
  • Public Septic

Additional Features

  • Screened Patio
  • Property is in excellent condition

Listing and Financial Details

  • Assessor Parcel Number 334-13.00-3.01-408

Community Details

Overview

  • Association fees include trash, snow removal, pool(s)
  • Low-Rise Condominium
  • Creekwood Subdivision
  • Property Manager

Recreation

  • Tennis Courts
  • Community Pool

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$686

Year Built

Built in 2002

Lot Details

0

HOA Fees

$223 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary, Coastal, Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Inclusions: Furnishings
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-06-06
  • Federal Flood Zone: No
  • Year Built: 2002
  • Automatically Close On Close Date: No
  • Remarks Public: Nestled in the charming Creekwood community of Rehoboth Beach, Delaware, this delightful first-floor condo presents a unique opportunity to enjoy the best of beach living without the hassles of maintaining a single-family home. This two-bedroom, two-bath home could be your perfect beach getaway or your new full-time residence. As you step into this inviting home, you're immediately greeted by an open floor plan bathed in natural light from the many windows that adorn each room. The spacious living room flows effortlessly into a cozy dining area, creating a warm and welcoming space for entertaining or simply unwinding after a day at the beach. The quintessential galley-style kitchen is a chef’s dream, featuring 42” cabinetry, a substantial pantry, and abundant counter space—perfect for preparing those beloved family beach recipes. The condo's thoughtful split floor plan ensures privacy and comfort. On one side, the sizable primary bedroom boasts an ensuite with a stall shower and a graciously sized walk-in closet, offering a peaceful retreat. On the other side, an additional bedroom also features a walk-in closet and private access to a well-appointed hall bath. In the foyer, a hall closet provides extra storage space, while the tucked-away laundry room offers additional organizing options. From the dining room, step out onto the charming, screened porch—the perfect spot to relax in the evening and plan your next beach adventure. Located just four miles from the vibrant Rehoboth Beach boardwalk, this home is ideally situated. A short bike ride will take you to the Wolfe Neck Breakwater park entrance to the Lewes to Rehoboth bike/hike trail, and you'll find abundant shopping, dining, and entertainment venues all within easy reach. Plus, the community pool is conveniently located just around the corner, providing a refreshing escape on warm summer days. This well-maintained condo is more than just a home; it’s a lifestyle. Being sold fully furnished. Beach retreat, full-time residence, or possible rental opportunity, 400 Cascade Lane, Unit 408 could be perfect for you. Everyone knows life is better at the beach, and this sweet abode offers a simply perfect blend of comfort, convenience, and coastal charm. Don’t wait—come see for yourself why this home won’t last long!
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Partially Carpeted
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Combination Kitchen/Living, Crown Moldings, Entry Level Bedroom, Floor Plan - Open, Floor Plan - Traditional, Kitchen - Galley, Primary Bath(s), Pantry, Recessed Lighting, Stall Shower, Tub Shower, Walk-In Closet(s), Window Treatments
  • Window Features: Double Pane, Screens, Vinyl Clad
  • Fireplace: No
  • Door Features: Atrium, Six Panel
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Slab
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Foyer, Screened Porch
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1144
  • Living Area Sq Ft: 1144
  • Price Per Sq Ft: 348.78
  • Above Grade Finished Sq Ft: 1144
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 400

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, Frame, Stick Built
  • Exterior Features: Street Lights
  • Roof: Pitched
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Parking
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Security: Main Entrance Lock, Smoke Detector
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 667.65
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Trash, Snow Removal, Pool(s)
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: Fenced, In Ground

Schools

  • School District: CAPE HENLOPEN
  • Elementary School: REHOBOTH
  • Middle School: BEACON
  • High School: CAPE HENLOPEN
  • Elementary School Source: Listing Agent
  • High School Source: 3rd Party
  • Middle School Source: Listing Agent
  • School District Key: 300200396895
  • School District Source: 3rd Party
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Lot Info

  • Land Use Code: 999
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Porch(es), Roof, Screened
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: C-1
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 623.00
  • Tax Annual Amount: 686.00
  • Assessor Parcel Number: 334-13.00-3.01-408
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 08/23/2024

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2024
Closed on
Aug 23, 2024
Sold by
Armutcu Mithat and Armutcu Maria
Bought by
Maureen Corcoran
Seller's Agent
Gary Desch
Northrop Realty
Buyer's Agent
LESLIE SAVAGE
Jack Lingo - Lewes
List Price
$399,000
Sold Price
$380,000
Premium/Discount to List
-$19,000
-4.76%
Views
84
Current Estimated Value
$373,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,368
Avg. Annual Appreciation
-1.50%
Original Mortgage
$280,000
Outstanding Balance
$276,777
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$96,855

Purchase Details

Listed on
Feb 7, 2018
Closed on
May 22, 2018
Sold by
Baker Walter A and Baker Darlene A
Bought by
Armutcu Mithat and Armutcu Maria
Seller's Agent
LINDA BOVA
SEA BOVA ASSOCIATES INC.
Buyer's Agent
Sharon Faries
Patterson-Schwartz-Dover
List Price
$205,000
Sold Price
$200,000
Premium/Discount to List
-$5,000
-2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.82%

Purchase Details

Listed on
Aug 21, 2012
Closed on
Jun 24, 2013
Sold by
Hass Barry S and Chesshire Richard J
Bought by
Baker Walter A and Baker Darlene A
Seller's Agent
LINDA BOVA
SEA BOVA ASSOCIATES INC.
Buyer's Agent
LINDA BOVA
SEA BOVA ASSOCIATES INC.
List Price
$165,000
Sold Price
$165,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.98%

Purchase Details

Listed on
Aug 21, 2012
Closed on
Jun 13, 2013
Sold by
Hass Barry S and Chesshire Richard J
Bought by
Baker Walter A and Baker Darlene A
Seller's Agent
LINDA BOVA
SEA BOVA ASSOCIATES INC.
Buyer's Agent
LINDA BOVA
SEA BOVA ASSOCIATES INC.
List Price
$165,000
Sold Price
$165,000
Source: Public Records

Range of Values:

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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
Maureen Corcoran $380,000 None Listed On Document
Armutcu Mithat $200,000 --
Baker Walter A $165,000 --
Baker Walter A $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maureen Corcoran $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/23/2024 08/23/24 Sold $380,000 -4.8% $332 / Sq Ft
06/06/2024 06/06/24 For Sale $399,000 +99.5% $349 / Sq Ft
05/24/2018 05/24/18 Sold $200,000 -2.4% $175 / Sq Ft View Prior Sale
04/23/2018 04/23/18 Pending -- -- --
04/06/2018 04/06/18 For Sale $205,000 0.0% $179 / Sq Ft
03/12/2018 03/12/18 Pending -- -- --
03/09/2018 03/09/18 For Sale $205,000 0.0% $179 / Sq Ft
03/01/2018 03/01/18 Pending -- -- --
02/07/2018 02/07/18 For Sale $205,000 +24.2% $179 / Sq Ft
06/21/2013 06/21/13 Sold $165,000 0.0% $144 / Sq Ft View Prior Sale
05/05/2013 05/05/13 Pending -- -- --
08/21/2012 08/21/12 For Sale $165,000 -- $144 / 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

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Map

Source: Bright MLS

MLS Number: DESU2063738

Bright MLS

APN: 334-13.00-3.01-408