NOT LISTED FOR SALE

409 Rehoboth Ave Unit 18 Rehoboth Beach, DE 19971

Estimated Value: $376,328 - $816,000

2 Beds
2 Baths
1,100 Sq Ft
$547/mo HOA Fee

Last Sold July 30, 2020

Last sale price $460,000 $418 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,157/month

Highlights

  • Ocean View
  • Beach
  • Open Floorplan
  • Rehoboth Elementary School Rated A
  • Oceanside
  • 4-minute walk to Grove Park

About This Home

As of July 2020

Completely updated beach retreat in a premier, rarely-available in-town location in the heart of Rehoboth Beach! This 2 bedroom, 2 full bath split-level condominium features 2 balconies overlooking Rehoboth Avenue and is walking distance to the ocean, shops, restaurants and all that Rehoboth offers. Newly renovated and offered fully furnished and professionally decorated, this home is ready to be immediately enjoyed, just bring your flip flops and sunscreen. This is an excellent investment property or second/vacation home. The Ark is a small building with just 30 uniquely designed units and private off-street assigned parking. $5,000 One-Time Special Assessment has been paid by the Seller.

Last Agent to Sell the Property

Leslie Kopp

(302) 542-3917 leslie@lesliekopp.com Long & Foster Real Estate, Inc. License #RA-0003421 Listed on: 06/05/2020

Long & Foster Real Estate, Inc.

Co-Listed By

Kiki Hargrove

(302) 569-2959 kiki@lesliekopp.com Long & Foster Real Estate, Inc. License #RS-0020565

Last Buyer's Agent

Camilla Conlon

(800) 345-3469 camillac98@comcast.net Jack Lingo - Rehoboth License #RS-0010631

Jack Lingo - Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $829

Year Built

  • Built in 1974 | Remodeled in 2020

Lot Details

  • 523

HOA Fees

  • $547 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Coastal Architecture
  • Split Level Home
  • Entry on the 2nd floor
  • Flat Roof Shape
  • Cement Siding

Interior Spaces

  • 1,100 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Furnished
  • Window Treatments
  • Combination Kitchen and Living
  • Wood Flooring
  • Ocean Views

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Electric Water Heater
  • Municipal Trash

Additional Features

  • Oceanside
  • Property is in excellent condition
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 334-13.20-161.00-H-18

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, management, sewer, trash, water
  • Mid-Rise Condominium
  • Solutions Property Management Condos, Phone Number (302) 581-9060
  • Ark Community
  • North Rehoboth Subdivision

Amenities

  • Elevator

Recreation

  • Beach

Property Details

Home Type

Condominium

Est. Annual Taxes

$829

Year Built

Built in 1974 | Remodeled in 2020

Lot Details

0

HOA Fees

$547 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Coastal, Split Level, Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: Yes
  • Year Built: 1974
  • Year Renovated: 2020
  • Remarks Public: Completely updated beach retreat in a premier, rarely-available in-town location in the heart of Rehoboth Beach! This 2 bedroom, 2 full bath split-level condominium features 2 balconies overlooking Rehoboth Avenue and is walking distance to the ocean, shops, restaurants and all that Rehoboth offers. Newly renovated and offered fully furnished and professionally decorated, this home is ready to be immediately enjoyed, just bring your flip flops and sunscreen. This is an excellent investment property or second/vacation home. The Ark is a small building with just 30 uniquely designed units and private off-street assigned parking. $5,000 One-Time Special Assessment has been paid by the Seller.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Icemaker, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Entry Floor: 2
  • Flooring Type: Wood
  • Interior Amenities: Combination Kitchen/Living, Floor Plan - Open, Upgraded Countertops, Window Treatments
  • Levels Count: 3
  • Room List: Living Room, Kitchen
  • Basement: No
  • Total Sq Ft: 1100
  • Living Area Sq Ft: 1100
  • Price Per Sq Ft: 425.45
  • Above Grade Finished Sq Ft: 1100
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 409

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 1.00
  • Upper Level 2 Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Upper Level 2 Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete, Cement Siding
  • Roof: Flat
  • View: Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Wall Unit
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1640.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Solutions Property Management
  • Condo Co-Op Phone: 302-581-9060
  • HOA Condo Co-Op Amenities: Beach, Elevator
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Sewer, Trash, Water
  • HOA: No
  • Senior Community: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Excellent
  • Year Assessed: 2019
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5194580
  • School Tax: 615.00
  • Tax Annual Amount: 829.00
  • Assessor Parcel Number: 334-13.20-161.00-H-18
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 07/30/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2024
Sold by
Whitehead Darci
Bought by
Darci A Whitehead Revocable Trust and Whitehead
Current Estimated Value
$658,582

Purchase Details

Listed on
Jun 5, 2020
Closed on
Jul 30, 2020
Sold by
Hargrove Christine N
Bought by
Whitehead Darci
Seller's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
Buyer's Agent
Camilla Conlon
Jack Lingo - Rehoboth
List Price
$468,000
Sold Price
$460,000
Premium/Discount to List
-$8,000
-1.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.19%

Purchase Details

Listed on
Jun 27, 2016
Closed on
Mar 16, 2017
Sold by
Jacobsen Michael A
Bought by
Hargrove Christine N
Seller's Agent
Henry Jaffe
Monument Sotheby's International Realty
Buyer's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
List Price
$439,000
Sold Price
$370,000
Premium/Discount to List
-$69,000
-15.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.74%
Original Mortgage
$277,500
Interest Rate
4.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Darci A Whitehead Revocable Trust -- None Listed On Document
Whitehead Darci $460,000 None Available
Hargrove Christine N $370,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hargrove Christine N $277,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2020 07/30/20 Sold $460,000 -1.7% $418 / Sq Ft
07/28/2020 07/28/20 For Sale $468,000 0.0% $425 / Sq Ft
06/06/2020 06/06/20 Pending -- -- --
06/05/2020 06/05/20 For Sale $468,000 +26.5% $425 / Sq Ft
03/28/2017 03/28/17 Sold $370,000 -15.7% $336 / Sq Ft
02/21/2017 02/21/17 Pending -- -- --
06/27/2016 06/27/16 For Sale $439,000 -- $399 / 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 $1,418 $14,450 $0 $14,450
2024 $801 $14,450 $0 $14,450
2023 $800 $14,450 $0 $14,450
2022 $772 $14,450 $0 $14,450
2021 $765 $14,450 $0 $14,450
2020 $763 $14,450 $0 $14,450
2019 $764 $14,450 $0 $14,450
2018 $714 $16,250 $0 $0
2017 $683 $16,250 $0 $0
2016 $649 $16,250 $0 $0
2015 $620 $16,250 $0 $0
2014 $616 $16,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Leslie Kopp

    Seller's Agent in 2020

    Leslie Kopp

    Long & Foster

    (302) 542-3917

    7 in this area

    722 Total Sales

    Leslie Kopp
    Section Image
  • Kiki Hargrove

    Seller Co-Listing Agent in 2020

    Kiki Hargrove

    Long & Foster

    (302) 569-2959

    7 in this area

    227 Total Sales

    Kiki Hargrove
    Section Image
  • Camilla Conlon

    Buyer's Agent in 2020

    Camilla Conlon

    Jack Lingo - Rehoboth

    (800) 345-3469

    15 in this area

    41 Total Sales

    Camilla Conlon
    Section Image
  • Henry Jaffe

    Seller's Agent in 2017

    Henry Jaffe

    OCEAN ATLANTIC SOTHEBYS

    (302) 296-6646

    7 in this area

    104 Total Sales

    Henry Jaffe
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU162058

Bright MLS

APN: 334-13.20-161.00-H-18

Delaware Sussex County Rehoboth Beach 19971

409 Rehoboth Ave Unit 18, Rehoboth Beach, DE

This home is located at 409 Rehoboth Ave Unit 18, Rehoboth Beach, DE 19971 since 05 June 2020 and is currently estimated at $658,582, approximately $598 per square foot. This property was built in 1974. 409 Rehoboth Ave Unit 18 is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

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