$825,000
SOLD MAY 23, 2018

48 1/2 Olive Ave Rehoboth Beach, DE 19971

2 Beds
2.5 Baths
1,217 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$678 Per Sq Ft

11% Below List Price

Highlights

  • A-Frame Home
  • Wood Flooring
  • Furnished
  • Rehoboth Elementary School Rated A
  • Attic
  • No HOA

About This Home

As of February 2021

Perfect 2 bedroom 2.5 bath beach house second beach block walking distance to all of Rehoboth's great award winning restaurants and shops. Sleeps 6. Unheard of parking for 2 cars. 10 years old but looks like it is brand new. High end finished throughout the home. Granite, stainless appliances, hardwood floors in all rooms, trex decking, upgraded kitchen cabinets, screened-in porch, nice window treatments. Maytag stackable washer/dryer. Very well maintained. Great rental income - $35,000- in 2017. Completely furnished turnkey waiting for a new owner for the spring season or an investor or both. Located on the rear split standard lot. Very quiet but very close to everything. Be sure to see the 3D imaging tour under the "Virtual Tour" tab.

Last Agent to Sell the Property

Frank Hornstein

(302) 213-3868 frankhornstein1@gmail.com Iron Valley Real Estate at The Beach Listed on: 10/13/2017

Iron Valley Real Estate at The Beach

Last Buyer's Agent

CHAD GWINN

(703) 786-9250 chad@maggiorealty.com Iron Valley Real Estate Premier License #RS-0023634

Iron Valley Real Estate Premier

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,473

Year Built

  • Built in 2006

Lot Details

  • 1,742 Sq Ft Lot
  • Zoning described as GENERAL RESIDENTIAL

Home Design

  • A-Frame Home
  • Block Foundation
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,217 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Crawl Space
  • Attic

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • Shared Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • North Rehoboth Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-14.13-411.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,473

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: A-Frame
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 2006
  • Remarks Public: Perfect 2 bedroom 2.5 bath beach house second beach block walking distance to all of Rehoboth's great award winning restaurants and shops. Sleeps 6. Unheard of parking for 2 cars. 10 years old but looks like it is brand new. High end finished throughout the home. Granite, stainless appliances, hardwood floors in all rooms, trex decking, upgraded kitchen cabinets, screened-in porch, nice window treatments. Maytag stackable washer/dryer. Very well maintained. Great rental income - $35,000- in 2017. Completely furnished turnkey waiting for a new owner for the spring season or an investor or both. Located on the rear split standard lot. Very quiet but very close to everything. Be sure to see the 3D imaging tour under the "Virtual Tour" tab.
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer - Electric, Icemaker, Refrigerator, Microwave, Oven - Wall, Washer, Water Heater
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Attic
  • Fireplace: No
  • Foundation Details: Block, Crawl Space
  • Level Count: 2
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1217
  • Living Area Sq Ft: 1217
  • Net Sq Ft: 1217.00
  • Price Per Sq Ft: 698.44
  • Above Grade Finished Sq Ft: 1217
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 48 1/2

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Construction Completed: Yes
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Shared Driveway
  • Number Of Parking Spaces Included: 2-Car Parking

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Heat Pump(s)
  • Heating Type: Forced Air, Heat Pump(s)
  • 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: No
  • HOA: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Size Acres: 0.04
  • Lot Size Units: Acres
  • Lot Sq Ft: 1742.00
  • Zoning Description: GENERAL RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5195883
  • Tax Annual Amount: 1473.00
  • Assessor Parcel Number: 334-14.13-411.00
  • County Tax Payment Frequency: Annually
  • Close Date: 05/23/2018

MLS Schools

  • School District Name: CAPE HENLOPEN

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2021 02/19/21 Sold $975,000 +2.6% $813 / Sq Ft
01/11/2021 01/11/21 Pending -- -- --
01/09/2021 01/09/21 For Sale $949,900 +15.1% $792 / Sq Ft
05/23/2018 05/23/18 Sold $825,000 -2.9% $678 / Sq Ft
04/24/2018 04/24/18 Pending -- -- --
03/14/2018 03/14/18 Price Changed $850,000 -5.0% $698 / Sq Ft
01/31/2018 01/31/18 Price Changed $895,000 -3.2% $735 / Sq Ft
10/13/2017 10/13/17 For Sale $925,000 -- $760 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • CHAD GWINN

    Seller's Agent in 2021

    CHAD GWINN

    Iron Valley Real Estate Premier

    (703) 786-9250

    8 in this area

    29 Total Sales

    CHAD GWINN
    Section Image
  • George Manolakos

    Buyer's Agent in 2021

    George Manolakos

    Patterson Schwartz

    (302) 529-2690

    6 in this area

    191 Total Sales

    George Manolakos
    Section Image
  • Philip Manolakos

    Buyer Co-Listing Agent in 2021

    Philip Manolakos

    Patterson Schwartz

    (302) 824-5300

    10 in this area

    14 Total Sales

    Philip Manolakos
    Section Image
  • Frank Hornstein

    Seller's Agent in 2018

    Frank Hornstein

    Iron Valley Real Estate at The Beach

    (302) 213-3868

    9 in this area

    82 Total Sales

    Frank Hornstein
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001585174

Bright MLS
Delaware Sussex County Rehoboth Beach 19971

48 1/2 Olive Ave, Rehoboth Beach, DE

This home is located at 48 1/2 Olive Ave, Rehoboth Beach, DE 19971 and is currently priced at $825,000, approximately $677 per square foot. This property was built in 2006. 48 1/2 Olive Ave is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes