$505,000
SOLD DEC 5, 2012

50 Olive Ave Unit A Rehoboth Beach, DE 19971

3 Beds
1.5 Baths
700 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$721 Per Sq Ft

1,743 Days on Market

Highlights

  • Lake View
  • Wood Flooring
  • Furnished
  • Rehoboth Elementary School Rated A
  • Attic
  • Great Room

About This Home

As of September 2022

DOWNSTAIRS UNIT A Totally renovatd from the basement up.ONE & 1/2 blocks to the Ocean and to shops & eats.Off street parking for 2 cars.Beautifully furnished , GREAT RENTAL!!Owner Financing Possible!!!

Last Agent to Sell the Property

TIMOTHY MAHONEY

RE/MAX Realty Group Rehoboth Listed on: 02/01/2008

Last Buyer's Agent

Mitch Selbiger

Monument Sotheby's International Realty License #RA-0003297

Monument Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $500

Year Built

  • Built in 1960

Lot Details

  • Property is Fully Fenced
  • Landscaped
  • Cleared Lot

Property Views

  • Lake
  • Pond

Home Design

  • Shingle Roof
  • Asphalt Roof
  • Metal Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 700 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Insulated Windows
  • Window Screens
  • Great Room
  • Combination Kitchen and Living
  • Dining Room
  • Storage Room
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal
  • Instant Hot Water

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Electric Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Shared Driveway
  • Off-Site Parking
  • Assigned Parking

Outdoor Features

  • Outdoor Shower
  • Screened Patio
  • Porch

Utilities

  • Heat Pump System
  • Municipal Trash
  • Private Sewer

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.13-413.00-A

Community Details

Overview

  • No Home Owners Association
  • Drake View Community
  • North Rehoboth Subdivision

Additional Features

  • Community Storage Space
  • Trash Expense $135

Property Details

Home Type

Condominium

Est. Annual Taxes

$500

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1960
  • Remarks Public: DOWNSTAIRS UNIT A Totally renovatd from the basement up.ONE & 1/2 blocks to the Ocean and to shops & eats.Off street parking for 2 cars.Beautifully furnished , GREAT RENTAL!!Owner Financing Possible!!!
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Icemaker, Refrigerator, Instant Hot Water, Microwave, Oven/Range - Electric, Oven - Self Cleaning, Washer
  • Entry Floor: 1
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Attic, Breakfast Area, Combination Kitchen/Living, Entry Level Bedroom
  • Window Features: Insulated, Screens
  • Fireplace: No
  • Foundation Details: Other
  • Floors In Unit Count: 1
  • Level Count: 1
  • Levels Count: 1
  • Room Count: 10
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Great Room, Laundry, Storage Room, Additional Bedroom
  • Basement: Yes
  • Basement Type: Full, Interior Access, Unfinished
  • Living Area Units: Square Feet
  • Total Sq Ft: 700
  • Living Area Sq Ft: 700
  • Net Sq Ft: 700.00
  • Price Per Sq Ft: 785.71
  • Above Grade Finished Sq Ft: 700
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 50

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Construction Completed: Yes
  • Exterior Features: Outside Shower
  • Roof: Shingle, Asphalt, Metal
  • View: Lake, Pond
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Assigned, Shared Driveway
  • Type Of Parking: Off Site

Utilities

  • Refuse: 135.00
  • Central Air Conditioning: No
  • Cooling Type: Heat Pump(s)
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Private Sewer
  • Water Sewer Expenses: 560.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • Condo Co-Op Fee: 1000.00
  • HOA Condo Co-Op Amenities: Extra Storage, Reserved/Assigned Parking
  • HOA: No

Schools

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

Lot Info

  • Fencing: Fully
  • Lot Features: Cleared, Landscaping
  • Outdoor Living Structures: Porch(es), Screened
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 24000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5195886
  • Tax Annual Amount: 500.00
  • Assessor Parcel Number: 334-14.13-413.00-A
  • County Tax Payment Frequency: Annually
  • Close Date: 12/05/2012

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2022
Closed on
Sep 23, 2022
Sold by
Parks Saddler Bryan
Bought by
Harsanyi Paul and Harsanyi Kristina
Seller's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
DENISE CAIN
Monument Sotheby's International Realty
List Price
$799,900
Sold Price
$765,000
Premium/Discount to List
-$34,900
-4.36%
Views
38
Current Estimated Value
$916,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,333
Avg. Annual Appreciation
2.40%
Original Mortgage
$612,000
Outstanding Balance
$587,819
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
$230,514

Purchase Details

Listed on
Feb 1, 2008
Closed on
Dec 5, 2012
Sold by
Timothy C Timothy C and Maoney Nancy L
Bought by
Porter Jill
Seller's Agent
TIMOTHY MAHONEY
RE/MAX Realty Group Rehoboth
Buyer's Agent
Mitch Selbiger
Monument Sotheby's International Realty
List Price
$505,000
Sold Price
$505,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.32%
Source: Public Records

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Range of Values:

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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 $765,000 --
Deed $505,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $612,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2022 09/23/22 Sold $765,000 -4.4% $1,093 / Sq Ft
08/18/2022 08/18/22 Pending -- -- --
08/03/2022 08/03/22 For Sale $799,900 +58.4% $1,143 / Sq Ft
12/05/2012 12/05/12 Sold $505,000 0.0% $721 / Sq Ft
11/09/2012 11/09/12 Pending -- -- --
02/01/2008 02/01/08 For Sale $505,000 -- $721 / 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
2024 $690 $9,850 $0 $9,850
2023 $689 $9,850 $0 $9,850
2022 $665 $9,850 $0 $9,850
2021 $659 $9,850 $0 $9,850
2020 $657 $9,850 $0 $9,850
2019 $658 $9,850 $0 $9,850
2018 $615 $14,000 $0 $0
2017 $589 $14,000 $0 $0
2016 $559 $14,000 $0 $0
2015 $534 $14,000 $0 $0
2014 $530 $14,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000941588

Bright MLS

APN: 334-14.13-413.00-A