NOT LISTED FOR SALE

409 Rehoboth Ave Unit 19 Rehoboth Beach, DE 19971

Estimated Value: $518,000 - $816,000

2 Beds
2 Baths
1,100 Sq Ft
$564/mo HOA Fee

Last Sold January 22, 2024

Last sale price $675,000 $614 Per Sq Ft

Current estimated payment $4,276/month

23 Days on Market

Highlights

  • Furnished
  • Balcony
  • Tile or Brick Flooring
  • Rehoboth Elementary School Rated A
  • Laundry Room
  • 4-minute walk to Grove Park

About This Home

As of January 2024

Stunning Rehoboth Beach Condo. Located within the city limits, walking distance to the ocean and all of town's offerings. Totally renovated and totally furnished 2 bedroom, 2 full bath split level concept unit positioned in the top two floors of a four story, secured lobby, elevator building. Built in furnishings and panel-fronted counter-depth major appliances create a cohesive and spacious feel within the 1100 square foot space. Two private balconies, one accessible by the living room and one by the top bedroom; a great place to enjoy parades, people watching, sunrise and sunset. Tiled stand up shower and bathtub in respective bathrooms. View VIRTUAL TOUR for bathroom photos and more. Private laundry. Unassigned parking for one car per unit. Covered bike parking in back of building. New water heater 2023.

Last Agent to Sell the Property

Eric Hoffer

(302) 313-9969 eric@erichofferhomes.com Coldwell Banker Realty Listed on: 11/26/2023

Coldwell Banker Realty

Last Buyer's Agent

Vince DiPietro

(302) 667-0402 vincedipietro@northroprealty.com Northrop Realty License #RS-0026203

Northrop Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,020

Year Built

  • Built in 1974 | Remodeled in 2020

Lot Details

  • South Facing Home
  • Partially Fenced Property
  • Landscaped
  • Property is in excellent condition

HOA Fees

  • $564 Monthly HOA Fees

Home Design

  • Split Level Home
  • Entry on the 2nd floor
  • Flat Roof Shape
  • Slab Foundation
  • Masonry

Interior Spaces

  • 1,100 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Window Treatments
  • Sliding Doors
  • Insulated Doors
  • Combination Kitchen and Dining Room

Kitchen

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

Flooring

  • Carpet
  • Tile or Brick
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

Laundry

  • Laundry Room
  • Stacked Electric Washer and Dryer

Parking

  • 1 Parking Space
  • 1 Attached Carport Space
  • Private Parking
  • Shared Driveway
  • Paved Parking
  • Parking Lot
  • Off-Street Parking
  • Parking Permit Included
  • Parking Space Conveys
  • Assigned Parking
  • Unassigned Parking

Utilities

  • Heat Pump System
  • Wall Furnace
  • Underground Utilities
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Balcony
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 334-13.20-161.00-H-19

Community Details

Overview

  • Association fees include common area maintenance, insurance, lawn care front, lawn care rear, lawn care side, lawn maintenance, management, pest control, reserve funds, sewer, snow removal, taxes, trash, water
  • 31 Units
  • Low-Rise Condominium
  • The Ark Condominium Condos
  • Built by The Ark
  • Ark Community
  • North Rehoboth Subdivision
  • Property Manager

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Amenities

  • 1 Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,020

Year Built

Built in 1974 | Remodeled in 2020

Lot Details

0

HOA Fees

$564 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat, Split Level
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Exclusions: INCLUDES All furniture, housewares, and decorator items on premise at the time of transfer are included. Please send a list of specific inclusions AND exclusions with offers. ITEMS WITH A GREEN DOT STICKER ARE EXCLUDED.
  • Historic: No
  • Inclusions: Includes All furniture, housewares, and decorator items on premise at the time of transfer. Please include a list of specific inclusions AND exclusions with offers. ITEMS WITH AN ORANGE DOT STICKER ARE EXCLUDED.
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1974
  • Year Renovated: 2020
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Dryer - Electric, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Range Hood, Washer, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 2
  • Flooring Type: Carpet, Tile/Brick, Luxury Vinyl Plank
  • Interior Amenities: Combination Kitchen/Dining, Elevator, Window Treatments
  • Fireplace: No
  • Door Features: Insulated, Sliding Glass
  • Elevators Count: 1
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Slab
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Room Count: 5
  • Room List: Laundry
  • Basement: No
  • Laundry Type: Has Laundry, Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1100
  • Living Area Sq Ft: 1100
  • Price Per Sq Ft: 635.45
  • Above Grade Finished Sq Ft: 1100
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 409

Beds/Baths

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

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Shared Driveway, Paved Parking, Permit Included, Private, Unassigned, Under Home Parking, Parking Space Conveys
  • Attached Carport Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street, Driveway, Parking Lot, Attached Carport

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Wall Unit
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Phone, Under Ground
  • Water Source: Public
  • Municipal Trash: No
  • Internet Services: Cable

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1691.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: The Ark Condominium
  • HOA Condo Co-Op Amenities: Elevator, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management, Pest Control, Reserve Funds, Sewer, Snow Removal, Taxes, Trash, Water
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Fencing: Partially
  • Lot Features: Landscaping
  • Outdoor Living Structures: Balcony
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Building Info

  • Builder Name: The Ark

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok, Case By Case Basis, Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 728.00
  • School Tax Pymnt Freq: Unknown
  • Tax Annual Amount: 1020.00
  • Assessor Parcel Number: 334-13.20-161.00-H-19
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 01/22/2024

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2023
Closed on
Feb 22, 2024
Sold by
Graziano Richard and Graziano Mary T
Bought by
Mary T Graziano Trust and Graziano
Seller's Agent
Eric Hoffer
Coldwell Banker Realty
Buyer's Agent
Vince DiPietro
Northrop Realty
List Price
$699,000
Sold Price
$675,000
Premium/Discount to List
-$24,000
-3.43%
Views
158
Current Estimated Value
$678,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,011
Avg. Annual Appreciation
0.26%
Original Mortgage
$506,250
Outstanding Balance
$497,985
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$180,026

Purchase Details

Listed on
Nov 26, 2023
Closed on
Jan 22, 2024
Sold by
Hoffer Eric Paul
Bought by
Graziano Richard and Graziano Mary T
Seller's Agent
Eric Hoffer
Coldwell Banker Realty
Buyer's Agent
Vince DiPietro
Northrop Realty
List Price
$699,000
Sold Price
$675,000
Premium/Discount to List
-$24,000
-3.43%
Views
158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Outstanding Balance
$497,985
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$180,026

Purchase Details

Closed on
Oct 15, 2020
Sold by
Wagner Kurt A
Bought by
Hoffer Eric P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2017
Sold by
Jacobsen Mary J and Foucheux Richard
Bought by
Hoffer Eric P and Wagner Kurt A
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
Mary T Graziano Trust -- None Listed On Document
Graziano Richard $675,000 None Listed On Document
Hoffer Eric P $8,125 None Available
Hoffer Eric P $387,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Graziano Richard $506,250
Previous Owner Hoffer Eric P $365,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2024 01/22/24 Sold $675,000 -3.4% $614 / Sq Ft
12/19/2023 12/19/23 Pending -- -- --
11/26/2023 11/26/23 For Sale $699,000 -- $635 / 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

  • E

    Seller's Agent in 2024

    Eric Hoffer

    Coldwell Banker Realty

    (302) 313-9969

    2 in this area

    14 Total Sales

    Eric Hoffer
    Section Image
  • Vince DiPietro

    Buyer's Agent in 2024

    Vince DiPietro

    Creig Northrop Team of Long & Foster

    (302) 667-0402

    25 in this area

    117 Total Sales

    Vince DiPietro
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2052254

Bright MLS

APN: 334-13.20-161.00-H-19

Delaware Sussex County Rehoboth Beach 19971

409 Rehoboth Ave Unit 19, Rehoboth Beach, DE

This home is located at 409 Rehoboth Ave Unit 19, Rehoboth Beach, DE 19971 since 26 November 2023 and is currently estimated at $678,011, approximately $616 per square foot. This property was built in 1974. 409 Rehoboth Ave Unit 19 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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