NOT LISTED FOR SALE

500 Cascade Ln Unit 503 Rehoboth Beach, DE 19971

Estimated Value: $366,000 - $377,000

2 Beds
2 Baths
1,043 Sq Ft
$226/mo HOA Fee

Last Sold November 17, 2023

Last sale price $377,000 $361 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,241/month

Highlights

  • Private Pool
  • Wood Flooring
  • Screened Patio
  • Rehoboth Elementary School Rated A
  • Porch
  • Forced Air Heating and Cooling System

About This Home

As of November 2023

Take advantage of a great opportunity to buy a second home or investment property. This Creekwood condo is the most reasonably priced unit currently on the market and best of all, WEEKLY RENTALS ARE ALLOWED!
This first floor unit is partially furnished and has BRAND NEW FLOORING, large walk in closets and plenty of space. The kitchen offers updated appliances and a large pantry. The screened porch faces the woods and offers access to the back of the property. A ramp leads to the front of the building from the parking lot.
Creekwood is a hidden gem, offering low HOA fees, a great location east of Route One and close to everything in the Rehoboth area.
You won't want to miss this great deal!

Last Agent to Sell the Property

Denise Karas

(443) 226-0560 denise.karas@compass.com Compass License #RS-0022504 Listed on: 09/14/2023

Compass

Last Buyer's Agent

DEBBIE REED

(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229

RE/MAX Realty Group Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $627

Year Built

  • Built in 2004

HOA Fees

  • $226 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Composition Roof
  • Masonry

Interior Spaces

  • 1,043 Sq Ft Home
  • Property has 1 Level
  • Partially Furnished
  • Ceiling Fan
  • Window Screens
  • Stacked Electric Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Private Pool
  • Screened Patio
  • Exterior Lighting
  • Porch

Schools

  • Rehoboth Elementary School
  • Beacon Middle School
  • Cape Henlopen High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-13.00-3.01-503

Community Details

Overview

  • Tidewater Property Management, Inc HOA
  • Low-Rise Condominium
  • Creekwood Subdivision
  • Property Manager

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$627

Year Built

Built in 2004

Lot Details

0

HOA Fees

$226 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: Fee Simple
  • Historic: No
  • Inclusions: Dining room table and chairs, living room sleeper couch, guest bedroom beds and bureau.
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-09-14
  • Federal Flood Zone: No
  • Year Built: 2004
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Oven - Self Cleaning, Refrigerator, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 1
  • Flooring Type: Carpet, Hardwood
  • Interior Amenities: Ceiling Fan(s)
  • Window Features: Screens
  • Fireplace: No
  • Foundation Details: Slab
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1043
  • Living Area Sq Ft: 1043
  • Price Per Sq Ft: 361.46
  • Above Grade Finished Sq Ft: 1043
  • Above Grade Finished Area Units: Square Feet

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: Masonry, Concrete
  • Exterior Features: Sidewalks, Exterior Lighting
  • Roof: Composite
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal, 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: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 676.64
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Swimming Pool
  • HOA Name: TIDEWATER PROPERTY MANAGEMENT, INC
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Porch(es), Screened
  • Zoning: C-1
  • In City Limits: No

Rental Info

  • Furnished: Partially
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 569.00
  • Tax Annual Amount: 627.00
  • Assessor Parcel Number: 334-13.00-3.01-503
  • Tax Year: 2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2023
Closed on
Nov 17, 2023
Sold by
Rooney Mary B
Bought by
Graphite Investments Llc
Seller's Agent
Denise Karas
Compass
Buyer's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
List Price
$377,000
Sold Price
$377,000
Views
185
Current Estimated Value
$372,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,165
Avg. Annual Appreciation
-0.54%
Original Mortgage
$282,750
Outstanding Balance
$277,808
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$95,027

Purchase Details

Closed on
Jun 29, 2017
Sold by
Pippin Debra L and Pippin Kenneth W
Bought by
Rooney Mary B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

Purchase History

Date Buyer Sale Price Title Company
Graphite Investments Llc $377,000 None Listed On Document
Rooney Mary B $360,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Graphite Investments Llc $282,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2023 11/17/23 Sold $377,000 0.0% $361 / Sq Ft
09/15/2023 09/15/23 Pending -- -- --
09/14/2023 09/14/23 For Sale $377,000 -- $361 / 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
2025 $647 $13,200 $0 $13,200
2024 $685 $13,200 $0 $13,200
2023 $685 $13,200 $0 $13,200
2022 $661 $13,200 $0 $13,200
2021 $655 $13,200 $0 $13,200
2020 $653 $13,200 $0 $13,200
2019 $654 $13,200 $0 $13,200
2018 $610 $13,900 $0 $0
2017 $585 $13,900 $0 $0
2016 $555 $13,900 $0 $0
2015 $531 $13,900 $0 $0
2014 $527 $13,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Denise Karas

    Seller's Agent in 2023

    Denise Karas

    Compass

    (443) 226-0560

    17 in this area

    51 Total Sales

    Denise Karas
    Section Image
  • DEBBIE REED

    Buyer's Agent in 2023

    DEBBIE REED

    RE/MAX

    (302) 227-3818

    260 in this area

    796 Total Sales

    DEBBIE REED
    Section Image
  • CARRIE HELLENS

    Buyer Co-Listing Agent in 2023

    CARRIE HELLENS

    RE/MAX

    (302) 381-4141

    18 in this area

    86 Total Sales

    CARRIE HELLENS
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2047034

Bright MLS

APN: 334-13.00-3.01-503

Delaware Sussex County Rehoboth Beach 19971

500 Cascade Ln Unit 503, Rehoboth Beach, DE

Not Listed for Sale

Condos

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