$370,000
SOLD MAR 28, 2017

409 Rehoboth Ave Unit 18 Rehoboth Beach, DE 19971

2 Beds
2 Baths
1,100 Sq Ft
$460/mo HOA Fee

Recently Sold

$336 Per Sq Ft

16% Below List Price

Highlights

  • Ocean View
  • Beach
  • Balcony
  • Rehoboth Elementary School Rated A
  • Elevator
  • 4-minute walk to Grove Park

About This Home

As of July 2020

Stunning views from a premier, in-town, rarely available location in the heart of Rehoboth Beach! Walk to the beach, boardwalk, shopping, entertainment and dining. This three-level, two bedroom and two bathroom unit is well maintained and features an open floor plan design that offers numerous features, including tile floors, granite counter tops, new refrigerator, washer/dryer and two balconies overlooking Rehoboth Avenue. Excellent investment property or second/vacation home. Private off-street parking.

Last Agent to Sell the Property

Henry Jaffe

(302) 296-6646 henry.jaffe@oasothebysrealty.com Monument Sotheby's International Realty Listed on: 06/27/2016

Monument Sotheby's International Realty

Last Buyer's Agent

Leslie Kopp

(302) 542-3917 leslie@lesliekopp.com Long & Foster Real Estate, Inc. License #RA-0003421

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $723

Year Built

  • Built in 1974

Lot Details

  • Landscaped

HOA Fees

  • $460 Monthly HOA Fees

Home Design

  • Split Level Home
  • Entry on the 18th floor
  • Slab Foundation
  • Composition Roof
  • Masonry

Interior Spaces

  • 1,100 Sq Ft Home
  • Property has 3 Levels
  • Insulated Windows
  • Insulated Doors
  • Family Room
  • Combination Kitchen and Dining Room
  • Ocean Views

Kitchen

  • Electric Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • 1 Parking Space Included
  • Covered Parking
  • Off-Site Parking

Outdoor Features

  • Balcony
  • Patio

Utilities

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

Listing and Financial Details

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

Community Details

Overview

  • High-Rise Condominium
  • Ark Community
  • North Rehoboth Subdivision

Amenities

  • Elevator

Recreation

  • Beach

Property Details

Home Type

Condominium

Est. Annual Taxes

$723

Year Built

Built in 1974

Lot Details

0

HOA Fees

$460 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Split Level
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Year Built: 1974
  • Remarks Public: Stunning views from a premier, in-town, rarely available location in the heart of Rehoboth Beach! Walk to the beach, boardwalk, shopping, entertainment and dining. This three-level, two bedroom and two bathroom unit is well maintained and features an open floor plan design that offers numerous features, including tile floors, granite counter tops, new refrigerator, washer/dryer and two balconies overlooking Rehoboth Avenue. Excellent investment property or second/vacation home. Private off-street parking.
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Freezer, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 18
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Kitchen - Island, Combination Kitchen/Dining
  • Window Features: Insulated
  • Fireplace: No
  • Door Features: Insulated
  • Foundation Details: Slab
  • Floors In Unit Count: 3
  • Level Count: 3
  • Levels Count: 3+
  • Room Count: 4
  • Room List: Kitchen, Family Room, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1100
  • Living Area Sq Ft: 1100
  • Net Sq Ft: 1100.00
  • Price Per Sq Ft: 350.00
  • 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

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Concrete
  • Construction Completed: Yes
  • Exterior Features: Sidewalks
  • Roof: Composite
  • View: Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 1
  • Garage Features: Covered Parking
  • Number Of Parking Spaces Included: 1-Car Parking
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Site

Utilities

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

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 5519.00
  • HOA Condo Co-Op Amenities: Beach, Elevator
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Lot Features: Landscaping
  • Lot Size Acres: 0.34
  • Lot Dimensions: 150x100
  • Lot Size Units: Acres
  • Lot Sq Ft: 14810.00
  • Outdoor Living Structures: Balcony, Patio(s)
  • Zoning Description: RESIDENTIAL PLANNED COMM.
  • In City Limits: Yes

Building Info

  • Building Features: Elevator

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5194580
  • Tax Annual Amount: 723.00
  • Assessor Parcel Number: 334-13.20-161.00-H-18
  • County Tax Payment Frequency: Annually
  • Close Date: 03/28/2017

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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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 Type Sale Price Title Company
Deed -- None Listed On Document
Deed $460,000 None Available
Deed $370,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $277,500 New Conventional
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

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Map

Source: Bright MLS

MLS Number: 1001019044

Bright MLS

APN: 334-13.20-161.00-H-18