NOT LISTED FOR SALE

50 Olive Ave Unit C Rehoboth Beach, DE 19971

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

Last Sold January 31, 2020

Last sale price $675,000 $844 Per Sq Ft

53 Days on Market

Highlights

  • Water Oriented
  • Coastal Architecture
  • Wood Flooring
  • Rehoboth Elementary School Rated A
  • Traditional Floor Plan
  • Furnished

About This Home

As of January 2020

This charming coastal cottage is tucked away while being only two blocks to the beach and 3 blocks from the shops and restaurants that line Rehoboth Avenue. The first floor features a screened front porch, updated flooring, cozy living room, half bath, galley kitchen with pantry and dining area. Step upstairs to find knotty pine hardwoods throughout, 3 bedrooms, full bath and laundry. Outdoor amenities include an outdoor shower, rear patio, and storage closet. This property also boasts good rental income!

Last Agent to Sell the Property

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 10/25/2019

Jack Lingo - Rehoboth

Co-Listed By

MARISSA BOWSKI

(302) 519-0688 marissa@rbre.com Jack Lingo - Rehoboth License #RS-0023916

Last Buyer's Agent

Dolores Desmond

(302) 228-6660 dolores@rehobothre.com RE/MAX Realty Group Rehoboth License #RB-0030991

RE/MAX Realty Group Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $212

Year Built

  • Built in 1939

Lot Details

  • Property is zoned TN

HOA Fees

  • $25 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Cottage
  • Frame Construction
  • Metal Roof

Interior Spaces

  • Property has 2 Levels
  • Traditional Floor Plan
  • Furnished
  • Combination Kitchen and Dining Room
  • Stacked Washer and Dryer

Kitchen

  • Galley Kitchen
  • Electric Oven or Range

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Gravel Driveway
  • On-Street Parking
  • Parking Lot

Outdoor Features

  • Water Oriented
  • Property is near an ocean
  • Screened Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Community Details

  • Association fees include common area maintenance
  • Drake View Community
  • North Rehoboth Subdivision

Listing and Financial Details

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$212

Year Built

Built in 1939

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Cottage
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Exclusions: Staging decor items. (Greenery, pillows, bedding, etc.)
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1939
  • Remarks Public: This charming coastal cottage is tucked away while being only two blocks to the beach and 3 blocks from the shops and restaurants that line Rehoboth Avenue. The first floor features a screened front porch, updated flooring, cozy living room, half bath, galley kitchen with pantry and dining area. Step upstairs to find knotty pine hardwoods throughout, 3 bedrooms, full bath and laundry. Outdoor amenities include an outdoor shower, rear patio, and storage closet. This property also boasts good rental income!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Stacked, Oven/Range - Electric, Refrigerator
  • Flooring Type: Hardwood, Ceramic Tile
  • Interior Amenities: Combination Kitchen/Dining, Floor Plan - Traditional, Kitchen - Galley, Pantry
  • Fireplace: No
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 840
  • Living Area Sq Ft: 800
  • Price Per Sq Ft: 918.75
  • Above Grade Finished Sq Ft: 800
  • Above Grade Unfinished Sq Ft: 40
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 50

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Metal
  • Spa: No
  • Water Access: No
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 1
  • Parking Features: Gravel Driveway
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central, Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 300.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance
  • 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

  • Horses: No
  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Porch(es), Screened
  • Year Assessed: 2019
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Total Actual Rent: 25000.00
  • Vacation Rental: Yes

Tax Info

  • Tax Annual Amount: 211.96
  • Assessor Parcel Number: 334-14.13-413.00-C
  • Tax Total Finished Sq Ft: 400
  • Tax Year: 2019
  • Close Date: 01/31/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Range of Values:

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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
01/31/2020 01/31/20 Sold $675,000 -8.2% $844 / Sq Ft
10/25/2019 10/25/19 For Sale $735,000 -- $919 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Bryce Lingo

    Seller's Agent in 2020

    Bryce Lingo

    Jack Lingo - Rehoboth

    (302) 226-6417

    184 in this area

    345 Total Sales

    Bryce Lingo
    Section Image

  • M

    Seller Co-Listing Agent in 2020

    MARISSA BOWSKI

    Jack Lingo - Rehoboth

    (302) 519-0688

    1 in this area

    13 Total Sales

    MARISSA BOWSKI
    Section Image
  • Dolores Desmond

    Buyer's Agent in 2020

    Dolores Desmond

    RE/MAX

    (302) 228-6660

    11 Total Sales

    Dolores Desmond
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU150462

Bright MLS
Delaware Sussex County Rehoboth Beach 19971

50 Olive Ave Unit C, Rehoboth Beach, DE

This home is located at 50 Olive Ave Unit C, Rehoboth Beach, DE 19971 since 25 October 2019. This property was built in 1939. 50 Olive Ave Unit C 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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