NOT LISTED FOR SALE

500 Cascade Ln Unit 505 Rehoboth Beach, DE 19971

Estimated Value: $333,524 - $403,000

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

Last Sold April 01, 2022

Last sale price $345,000 $301 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,347/month

Highlights

  • Water Oriented
  • Panoramic View
  • Coastal Architecture
  • Rehoboth Elementary School Rated A
  • Open Floorplan
  • Community Pool

About This Home

As of April 2022

Welcome to the Rehoboth beach. This 2 bedroom/ 2 full bath beautiful and affordable property is ideal for full or part-time beach living as well as investment property w/ potential for high in-season rental income. This 1st floor unit has scenic wooded views from every room. No stairs when carrying groceries.
The efficient galley style kitchen maintains classic white cabinetry and a pantry. Appliances included are a refrigerator, electric range, built-in microwave, dishwasher & disposal. The primary bedroom features a spacious walk-in closet and adjoins an en-suite bath w walk-in shower. The 2nd bedroom features a walk-in closet and adjacent bath with a full tub/shower. Enjoy cocktails or coffee with lovely views from living room or screened porch. This unit features stackable washer/dryer unit. A new heat pump was installed in 2018. Entire unit is freshly painted. Lots of closet space.
Creekwood is just minutes from dining, shopping and all Rehoboth Beach has to offer as well as historic Lewes, Cape Henlopen and the lively entertainment night life in Dewey. Creekwood has a community pool, sidewalks , bike racks, street lighting and plenty of places to walk your dog.
Most furniture and kitchen supplies convey with acceptable offer.

Last Agent to Sell the Property

Sandra Thackston

Compass License #609562 Listed on: 01/26/2022

Compass

Last Buyer's Agent

John Fifer

Brokers Realty Group, LLC License #5013174

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $619

Year Built

  • Built in 2005

Lot Details

  • 1 Common Wall
  • Wood Fence
  • Back Yard Fenced

HOA Fees

  • $215 Monthly HOA Fees

Property Views

  • Panoramic
  • Woods
  • Creek or Stream

Home Design

  • Coastal Architecture

Interior Spaces

  • 1,145 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Ceiling Fan
  • Non-Functioning Fireplace
  • Free Standing Fireplace
  • Electric Fireplace

Kitchen

  • Built-In Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Parking

  • Parking Lot
  • Unassigned Parking

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Water Oriented
  • Property is near a pond

Schools

  • Cape Henlopen High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-13.00-3.01-505

Community Details

Overview

  • $400 Capital Contribution Fee
  • Association fees include all ground fee, management, pool(s), reserve funds, road maintenance, snow removal, trash
  • Low-Rise Condominium
  • Premier Property & Pool Management Condos, Phone Number (302) 604-1807
  • Creekwood Subdivision
  • Property Manager

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$619

Year Built

Built in 2005

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: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: No Stairs
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • Inclusions: furniture and kitchen items with acceptable offer
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-01-28
  • Federal Flood Zone: No
  • Year Built: 2005
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to the Rehoboth beach. This 2 bedroom/ 2 full bath beautiful and affordable property is ideal for full or part-time beach living as well as investment property w/ potential for high in-season rental income. This 1st floor unit has scenic wooded views from every room. No stairs when carrying groceries. The efficient galley style kitchen maintains classic white cabinetry and a pantry. Appliances included are a refrigerator, electric range, built-in microwave, dishwasher & disposal. The primary bedroom features a spacious walk-in closet and adjoins an en-suite bath w walk-in shower. The 2nd bedroom features a walk-in closet and adjacent bath with a full tub/shower. Enjoy cocktails or coffee with lovely views from living room or screened porch. This unit features stackable washer/dryer unit. A new heat pump was installed in 2018. Entire unit is freshly painted. Lots of closet space. Creekwood is just minutes from dining, shopping and all Rehoboth Beach has to offer as well as historic Lewes, Cape Henlopen and the lively entertainment night life in Dewey. Creekwood has a community pool, sidewalks , bike racks, street lighting and plenty of places to walk your dog. Most furniture and kitchen supplies convey with acceptable offer.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Range, Dishwasher, Disposal, Microwave, Washer/Dryer Stacked
  • Entry Floor: 1
  • Interior Amenities: Floor Plan - Open, Ceiling Fan(s), Walk-In Closet(s), Tub Shower
  • Fireplace Features: Free Standing, Non-Functioning, Electric
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Levels Count: 3
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1145
  • Living Area Sq Ft: 1145
  • Price Per Sq Ft: 301.31
  • 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: Mixed
  • Spa: No
  • View: Creek/Stream, Panoramic, Trees/Woods
  • Water Access: No
  • Water Body Type: Pond
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Unassigned, Asphalt Driveway
  • 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

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 644.85
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Premier Property & Pool Management
  • Condo Co-Op Phone: 302-604-1807
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: All Ground Fee, Management, Pool(s), Reserve Funds, Road Maintenance, Snow Removal, Trash
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 400.00

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Rear, Wood
  • Improvement Assessed Value: 12450.00
  • Land Assessed Value: 700.00
  • Land Use Code: RC
  • Year Assessed: 2021
  • Zoning: C-1
  • In City Limits: No

Rental Info

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

Tax Info

  • Assessor Parcel Number: 7226937
  • School Tax: 561.00
  • Tax Annual Amount: 619.00
  • Assessor Parcel Number: 334-13.00-3.01-505
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 04/01/2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2023
Sold by
De Team Property Investment Llc
Bought by
Pinzaru Leah G
Total Days on Market
0
Current Estimated Value
$374,381

Purchase Details

Listed on
Jan 26, 2022
Closed on
Mar 16, 2022
Sold by
Kiser Lowder Sarah
Bought by
De Team Property Investment Llc
Seller's Agent
Sandra Thackston
Compass
Buyer's Agent
John Fifer
Brokers Realty Group, LLC
List Price
$335,000
Sold Price
$345,000
Premium/Discount to List
$10,000
2.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.60%

Purchase Details

Listed on
Aug 30, 2021
Closed on
Oct 13, 2021
Sold by
Dellinger Joan
Bought by
Kiser-Lowder Sarah
Seller's Agent
Tammie Golden
Tesla Realty Group, LLC
Buyer's Agent
Sandra Thackston
Compass
List Price
$320,000
Sold Price
$310,000
Premium/Discount to List
-$10,000
-3.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.56%
Original Mortgage
$232,000
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage
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
Pinzaru Leah G -- None Listed On Document
De Team Property Investment Llc $345,000 Reger Rizzo Darnall Llp
Kiser-Lowder Sarah $310,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kiser-Lowder Sarah $232,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2022 04/01/22 Sold $345,000 +3.0% $301 / Sq Ft
01/26/2022 01/26/22 For Sale $335,000 0.0% $293 / Sq Ft
01/23/2022 01/23/22 Price Changed $335,000 +8.1% $293 / Sq Ft
10/13/2021 10/13/21 Sold $310,000 -3.1% $271 / Sq Ft
08/30/2021 08/30/21 For Sale $320,000 -- $279 / 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

  • Sandra Thackston

    Seller's Agent in 2022

    Sandra Thackston

    Compass

    (301) 351-2555

    5 in this area

    32 Total Sales

    Sandra Thackston
    Section Image

  • J

    Buyer's Agent in 2022

    John Fifer

    Brokers Realty Group, LLC

    (302) 249-8300

    3 in this area

    79 Total Sales

    John Fifer
    Section Image
  • Tammie Golden

    Seller's Agent in 2021

    Tammie Golden

    Tesla Realty Group, LLC

    (302) 521-1756

    2 in this area

    106 Total Sales

    Tammie Golden
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2014260

Bright MLS

APN: 334-13.00-3.01-505

Delaware Sussex County Rehoboth Beach 19971

500 Cascade Ln Unit 505, Rehoboth Beach, DE

This home is located at 500 Cascade Ln Unit 505, Rehoboth Beach, DE 19971 since 26 January 2022 and is currently estimated at $374,381, approximately $326 per square foot. This property was built in 2005. 500 Cascade Ln Unit 505 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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