NOT LISTED FOR SALE

500 Cascade Ln Unit 501 Rehoboth Beach, DE 19971

Estimated Value: $329,702 - $403,000

2 Beds
2 Baths
1,145 Sq Ft
$430/mo HOA Fee

Last Sold February 22, 2024

Last sale price $375,551 $328 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,548/month

18 Days on Market

Highlights

  • Community Pool
  • Living Room
  • Central Air
  • Rehoboth Elementary School Rated A
  • Entrance Foyer
  • Dining Room

About This Home

As of February 2024

Welcome to your 1st floor dream coastal getaway! Nestled near the sun-kissed shores of Rehoboth Beach, this 2-bedroom, 2-bathroom condo is the epitome of beachside living. With a prime location that allows seasonal rentals, it offers the perfect blend of comfort, convenience, and relaxation. The newly done floors, new appliances, and brand new kitchen makes this place completely move in ready! The outlets are 5 minutes away, Rehoboth beach and Lewes beach both are about 10 mins away, traffic permitting!

Last Agent to Sell the Property

Rutica Patel

Keller Williams Realty Central-Delaware License #rs0037118 Listed on: 01/05/2024

Keller Williams Realty Central-Delaware

Last Buyer's Agent

Rutica Patel

Keller Williams Realty Central-Delaware License #rs0037118 Listed on: 01/05/2024

Keller Williams Realty Central-Delaware

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $648

Year Built

  • Built in 2002

HOA Fees

Parking

  • Parking Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,145 Sq Ft Home
  • Property has 1 Level
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-13.00-3.01-501

Community Details

Overview

  • Association fees include lawn maintenance, pool(s), snow removal, common area maintenance, trash
  • Tidewater Management HOA
  • Low-Rise Condominium
  • Creekwood Subdivision
  • Property Manager

Amenities

  • Common Area

Recreation

  • Community Pool

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$648

Year Built

Built in 2002

Lot Details

0

HOA Fees

$430 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Inclusions: Refrigerator, dishwasher
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-01-05
  • Federal Flood Zone: No
  • Year Built: 2002
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 1
  • Fireplace: No
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Bedroom 2, Kitchen, Foyer, Bedroom 1
  • Basement: No
  • Total Sq Ft: 1145
  • Living Area Sq Ft: 1145
  • Price Per Sq Ft: 327.99
  • Above Grade Finished Sq Ft: 1145
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 500

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete, Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 644.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 644.85
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Common Grounds, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Pool(s), Snow Removal, Common Area Maintenance, Trash
  • HOA Name: TIDEWATER MANAGEMENT
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2023
  • Zoning: C-1
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 531.00
  • Tax Annual Amount: 648.00
  • Assessor Parcel Number: 334-13.00-3.01-501
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 02/22/2024

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2024
Closed on
Feb 21, 2024
Sold by
Khushi One Llc
Bought by
Blideran Florin and Bora Margareta Adina
Seller's Agent
Rutica Patel
Keller Williams Realty Central-Delaware
Buyer's Agent
Rutica Patel
Keller Williams Realty Central-Delaware
List Price
$375,551
Sold Price
$375,551
Views
94
Current Estimated Value
$371,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,625
Avg. Annual Appreciation
1.90%
Original Mortgage
$319,218
Outstanding Balance
$315,415
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$69,729

Purchase Details

Closed on
Feb 24, 2022
Sold by
Angolia Carl F and Angolia Anna Marie
Bought by
Angolia Carl F

Purchase Details

Closed on
Mar 28, 2003
Bought by
Angolia Carl F Jr Anna Marie Angoli
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 Buyer Sale Price Title Company
Blideran Florin $375,551 None Listed On Document
Angolia Carl F -- --
Angolia Carl F Jr Anna Marie Angoli $194,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blideran Florin $319,218
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2024 02/22/24 Sold $375,551 0.0% $328 / Sq Ft
01/24/2024 01/24/24 Pending -- -- --
01/05/2024 01/05/24 For Sale $375,551 +15.7% $328 / Sq Ft
09/09/2022 09/09/22 Sold $324,551 -0.1% $283 / Sq Ft
08/12/2022 08/12/22 Pending -- -- --
08/10/2022 08/10/22 For Sale $325,000 -- $284 / 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 $648 $12,450 $0 $12,450
2023 $648 $12,450 $0 $12,450
2022 $625 $12,450 $0 $12,450
2021 $619 $12,450 $0 $12,450
2020 $617 $12,450 $0 $12,450
2019 $618 $12,450 $0 $12,450
2018 $577 $13,150 $0 $0
2017 $553 $13,150 $0 $0
2016 $525 $13,150 $0 $0
2015 $502 $13,150 $0 $0
2014 $498 $13,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rutica Patel

    Seller's Agent in 2024

    Rutica Patel

    Keller Williams Realty Central-Delaware

    (252) 623-8806

    3 in this area

    21 Total Sales

    Rutica Patel
    Section Image
  • George Ehrmann

    Seller's Agent in 2022

    George Ehrmann

    Coldwell Banker Premier - Milford

    (302) 344-4108

    1 in this area

    46 Total Sales

    George Ehrmann
    Section Image
  • Tyson Mayers

    Buyer's Agent in 2022

    Tyson Mayers

    Keller Williams Realty

    (302) 542-3967

    40 in this area

    85 Total Sales

    Tyson Mayers
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2053816

Bright MLS

APN: 334-13.00-3.01-501

Delaware Sussex County Rehoboth Beach 19971

500 Cascade Ln Unit 501, Rehoboth Beach, DE

This home is located at 500 Cascade Ln Unit 501, Rehoboth Beach, DE 19971 since 05 January 2024 and is currently estimated at $371,926, approximately $324 per square foot. This property was built in 2002. 500 Cascade Ln Unit 501 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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