$310,000
SOLD OCT 13, 2021

500 Cascade Ln Unit 505 Rehoboth Beach, DE 19971

2 Beds
2 Baths
1,145 Sq Ft
$210/mo HOA Fee

Recently Sold

$271 Per Sq Ft

3% Below List Price

4 Days on Market

Highlights

  • Water Oriented
  • Panoramic View
  • 1 Fireplace
  • Rehoboth Elementary School Rated A
  • Coastal Architecture
  • Community Pool

About This Home

As of April 2022

Showings begin Wednesday 9/1
Rehoboth Beach!!!
Unit 505 in Creekwood. NO STAIRS!! This is a Fabulous ground floor unit that has been meticulously maintained . This1st floor Unit has Scenic wooded views from the living room so you can sit and watch the wildlife. This 1st floor unit is also extra convenient for people that need to walk a dog, right out the door there is access to the lush grass area . NO view of the parking lot or street noise in this unit. This Very private Condo has 2 bedrooms and 2 Full bathrooms and is conveniently located East of Route 1. This home is just and a short drive to Rehoboth Beach, Tanger Outlets, Grocery stores, Lewes beach, Cape Henlopen State park, Waterparks, the movies and much more.
The open concept living and dining area makes the home feel very spacious. Spend the days reading on the screened porch or enjoying a meal with nature and privacy. The Master Bedroom features a walk-in closet and spacious master bathroom. The second bedroom also has a walk-in closet and en-suite bathroom that also opens to the front hall.
Kitchen is Nicely appointed with appliance and with a Pantry for storage.
Creekwood has a community pool, sidewalks , bike racks, street lighting and plenty of places to walk your dog.
Rehoboth is known for its entertainment, shopping and restaurants and this home is positioned perfectly to keep you near the action.
Public Transit is also available at the entrance of the neighborhood.
If you are looking for a potential investment property, online renting websites show similar homes renting for $2000/week in the Summer months. This Unit features 2 closets that have keyed locks that can be used as "owners closets"

Last Agent to Sell the Property

Tammie Golden

Tesla Realty Group, LLC License #RS-0013628 Listed on: 08/30/2021

Tesla Realty Group, LLC

Last Buyer's Agent

Sandra Thackston

Compass License #609562

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $619

Lot Details

  • Wood Fence
  • Back Yard Fenced

HOA Fees

  • $210 Monthly HOA Fees

Parking

  • Parking Lot

Property Views

  • Panoramic
  • Woods
  • Creek or Stream

Home Design

  • Coastal Architecture

Interior Spaces

  • 1,145 Sq Ft Home
  • Property has 3 Levels
  • Partially Furnished
  • 1 Fireplace
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Water Oriented
  • Property is near a pond

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 334-13.00-3.01-505

Community Details

Overview

  • Association fees include all ground fee, management, pool(s), reserve funds, road maintenance, snow removal, trash
  • Low-Rise Condominium
  • Creekwood Subdivision
  • Property Manager

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$619

Lot Details

0

HOA Fees

$210 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
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Remarks Public: Showings begin Wednesday 9/1 Rehoboth Beach!!! Unit 505 in Creekwood. NO STAIRS!! This is a Fabulous ground floor unit that has been meticulously maintained . This1st floor Unit has Scenic wooded views from the living room so you can sit and watch the wildlife. This 1st floor unit is also extra convenient for people that need to walk a dog, right out the door there is access to the lush grass area . NO view of the parking lot or street noise in this unit. This Very private Condo has 2 bedrooms and 2 Full bathrooms and is conveniently located East of Route 1. This home is just and a short drive to Rehoboth Beach, Tanger Outlets, Grocery stores, Lewes beach, Cape Henlopen State park, Waterparks, the movies and much more. The open concept living and dining area makes the home feel very spacious. Spend the days reading on the screened porch or enjoying a meal with nature and privacy. The Master Bedroom features a walk-in closet and spacious master bathroom. The second bedroom also has a walk-in closet and en-suite bathroom that also opens to the front hall. Kitchen is Nicely appointed with appliance and with a Pantry for storage. Creekwood has a community pool, sidewalks , bike racks, street lighting and plenty of places to walk your dog. Rehoboth is known for its entertainment, shopping and restaurants and this home is positioned perfectly to keep you near the action. Public Transit is also available at the entrance of the neighborhood. If you are looking for a potential investment property, online renting websites show similar homes renting for $2000/week in the Summer months. This Unit features 2 closets that have keyed locks that can be used as "owners closets"
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 1145
  • Living Area Sq Ft: 1145
  • Price Per Sq Ft: 279.48
  • 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
  • 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: 210.00
  • Condo Co-Op Fee Frequency: Monthly
  • 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: No
  • Senior Community: 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

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
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2021
  • Zoning: C-1
  • In City Limits: No

Rental Info

  • Furnished: Partially
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • 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 Data Updated: No
  • Tax Year: 2021
  • Close Date: 10/13/2021

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
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 Type Sale Price Title Company
Deed -- None Listed On Document
Deed $345,000 Reger Rizzo Darnall Llp
Deed $310,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $232,000 Purchase Money Mortgage
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

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Map

Source: Bright MLS

MLS Number: DESU2005560

Bright MLS

APN: 334-13.00-3.01-505