NOT LISTED FOR SALE

500 Cascade Ln Unit 502 Rehoboth Beach, DE 19971

Estimated Value: $335,726 - $403,000

2 Beds
2 Baths
1,145 Sq Ft
$215/mo HOA Fee

Last Sold March 15, 2022

Last sale price $330,000 $288 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,332/month

5 Days on Market

Highlights

  • Community Pool
  • Galley Kitchen
  • No Interior Steps
  • Rehoboth Elementary School Rated A
  • Walk-In Closet
  • Ceramic Tile Flooring

About This Home

As of March 2022

INVESTOR ALERT!...BEACH HOUSE!...HOME SWEET HOME!...Take your pick. Conveniently located east of Rt 1, this beautiful, well cared for 2 bedroom, 2 bath, first floor condo is waiting for you. Driving into the property offers gorgeous views of mature trees and ponds. When you arrive and walk through the door, you can see the pride of ownership. There is a new storm door to leave additional light into the unit. The living room flooring has been updated with premium carpeting and the kitchen and bathrooms have been tiled to allow for less wear and tear. The Main Bedroom includes a walk-in closet as well as an en-suite with double sinks. The kitchen has been upgraded with stainless appliances and has a pantry for your storage needs and your laundry room houses side by side appliances with storage. Enjoy time on the balcony that has been converted to a three-season porch to allow for a longer season of outdoor enjoyment and additional living space. There is also a storage room on the porch for your bikes, beach gear and gardening items. Creekwood gives you access to hiking, biking, shopping and many great restaurants. You are only 4 miles to the Boardwalk at Rehoboth Beach. If you are looking for investment options, online sites show similar units renting for up to $280/night in high season.

Last Agent to Sell the Property

Diane Heydt

The Moving Experience Delaware Inc License #RS-0024914 Listed on: 01/31/2022

Last Buyer's Agent

Diane Heydt

The Moving Experience Delaware Inc License #RS-0024914 Listed on: 01/31/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $586

Year Built

  • Built in 2002

HOA Fees

  • $215 Monthly HOA Fees

Home Design

  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,145 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Dining Area
  • Crawl Space

Kitchen

  • Galley Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • Paved Parking
  • Parking Lot

Schools

  • Cape Henlopen High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • 200+ Amp Service
  • Propane
  • Electric Water Heater
  • Public Septic
  • Phone Available
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Property is in excellent condition

Listing and Financial Details

  • Assessor Parcel Number 334-13.00-3.01-502

Community Details

Overview

  • $400 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, management, pool(s), road maintenance, snow removal, trash
  • Low-Rise Condominium
  • Creekwood Condos
  • Creekwood Subdivision
  • Property Manager

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Additional Features

  • Common Area
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$586

Year Built

Built in 2002

Lot Details

0

HOA Fees

$215 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
  • Accessibility Features: No Stairs
  • Ownership: Fee Simple
  • Exclusions: Curtains in the second bedroom, valances, curtain rods, stained glass and personal items.
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-02-02
  • Federal Flood Zone: No
  • Year Built: 2002
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: INVESTOR ALERT!...BEACH HOUSE!...HOME SWEET HOME!...Take your pick. Conveniently located east of Rt 1, this beautiful, well cared for 2 bedroom, 2 bath, first floor condo is waiting for you. Driving into the property offers gorgeous views of mature trees and ponds. When you arrive and walk through the door, you can see the pride of ownership. There is a new storm door to leave additional light into the unit. The living room flooring has been updated with premium carpeting and the kitchen and bathrooms have been tiled to allow for less wear and tear. The Main Bedroom includes a walk-in closet as well as an en-suite with double sinks. The kitchen has been upgraded with stainless appliances and has a pantry for your storage needs and your laundry room houses side by side appliances with storage. Enjoy time on the balcony that has been converted to a three-season porch to allow for a longer season of outdoor enjoyment and additional living space. There is also a storage room on the porch for your bikes, beach gear and gardening items. Creekwood gives you access to hiking, biking, shopping and many great restaurants. You are only 4 miles to the Boardwalk at Rehoboth Beach. If you are looking for investment options, online sites show similar units renting for up to $280/night in high season.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Carpet, Ceramic Tile, Laminated
  • Interior Amenities: Carpet, Ceiling Fan(s), Dining Area, Kitchen - Galley, Walk-In Closet(s)
  • Fireplace: No
  • Door Features: Storm
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1145
  • Living Area Sq Ft: 1145
  • Price Per Sq Ft: 293.97
  • 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
  • Road Surface Type: Black Top
  • Roof: Architectural Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Parking
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic
  • Utilities: Cable Tv Available, Electric Available, Phone Available, Propane
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 644.85
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Creekwood
  • HOA Condo Co-Op Amenities: Common Grounds, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Pool(s), Road Maintenance, Snow Removal, Trash
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No
  • Capital Contribution Fee: 400.00

Schools

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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: C-1
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 7226934
  • School Tax: 531.00
  • Tax Annual Amount: 586.00
  • Assessor Parcel Number: 334-13.00-3.01-502
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 03/15/2022

MLS Schools

  • School District Name: CAPE HENLOPEN

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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

Mortgage History

Date Status Borrower Loan Amount
Closed Blideran Florin $297,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2022 03/15/22 Sold $330,000 -2.0% $288 / Sq Ft
02/05/2022 02/05/22 Pending -- -- --
01/31/2022 01/31/22 For Sale $336,597 -- $294 / 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 $585 $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

  • Diane Heydt

    Seller's Agent in 2022

    Diane Heydt

    The Moving Experience Delaware Inc

    (610) 657-1708

    5 in this area

    34 Total Sales

    Diane Heydt
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2014710

Bright MLS

APN: 334-13.00-3.01-502

Delaware Sussex County Rehoboth Beach 19971

500 Cascade Ln Unit 502, Rehoboth Beach, DE

This home is located at 500 Cascade Ln Unit 502, Rehoboth Beach, DE 19971 since 31 January 2022 and is currently estimated at $371,682, approximately $324 per square foot. This property was built in 2002. 500 Cascade Ln Unit 502 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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