NOT LISTED FOR SALE

500 Cascade Ln Unit 503 Rehoboth Beach, DE 19971

Estimated Value: $329,302 - $388,000

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. 4% decrease in value since last sale

Current estimated payment $2,294/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

Compass License #RS-0022504 Listed on: 09/14/2023

Compass

Last Buyer's Agent

DEBBIE REED

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

  • 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
  • Remarks Public: 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!
  • 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
  • Floors In Unit Count: 1
  • 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
  • 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: 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

  • School District: CAPE HENLOPEN
  • Elementary School: REHOBOTH
  • Middle School: BEACON
  • High School: CAPE HENLOPEN
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396895
  • School District Source: Listing Agent
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Lot Info

  • Land Use Code: 999
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Porch(es), Screened
  • Year Assessed: 2022
  • 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
  • Close Date: 11/17/2023

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
$362,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,674
Avg. Annual Appreciation
-2.44%
Original Mortgage
$282,750
Outstanding Balance
$279,224
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$83,102

Purchase Details

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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
3.94%
Mortgage Type
New Conventional
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
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
Previous Owner Rooney Mary B $50,000
Previous Owner Rooney Mary B $167,600
Previous Owner Rooney Mary B $171,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

    22 in this area

    57 Total Sales

    Denise Karas
    Section Image
  • DEBBIE REED

    Buyer's Agent in 2023

    DEBBIE REED

    RE/MAX

    (302) 227-3818

    297 in this area

    888 Total Sales

    DEBBIE REED
    Section Image
  • CARRIE HELLENS

    Buyer Co-Listing Agent in 2023

    CARRIE HELLENS

    RE/MAX

    (302) 381-4141

    22 in this area

    95 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

This home is located at 500 Cascade Ln Unit 503, Rehoboth Beach, DE 19971 since 14 September 2023 and is currently estimated at $362,326, approximately $347 per square foot. This property was built in 2004. 500 Cascade Ln Unit 503 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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