NOT LISTED FOR SALE

500 Cascade Ln Unit 510 Rehoboth Beach, DE 19971

Estimated Value: $288,000 - $408,000

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

Last Sold December 30, 2021

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

Est. 2% increase in value since last sale

Current estimated payment $2,110/month

11 Days on Market

Highlights

  • View of Trees or Woods
  • Engineered Wood Flooring
  • Porch
  • Rehoboth Elementary School Rated A
  • Community Pool
  • Screened Patio

About This Home

As of December 2021

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 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 gorgeous premium linoleum 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 and a new glass shower enclosure. The kitchen has been upgraded with stainless appliances and has a pantry for your storage needs. 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: 11/13/2021

Last Buyer's Agent

Rutica Patel

Keller Williams Realty Central-Delaware License #rs0037118

Keller Williams Realty Central-Delaware

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $619

Year Built

  • Built in 2003

Lot Details

  • Property is in excellent condition

HOA Fees

  • $215 Monthly HOA Fees

Home Design

  • Block Foundation
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,145 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Window Screens
  • Living Room
  • Dining Room
  • Views of Woods

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Engineered Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer
  • Washer

Parking

  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Screened Patio
  • Porch

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-13.00-3.01-510

Community Details

Overview

  • $400 Capital Contribution Fee
  • Association fees include lawn maintenance, management, pool(s), snow removal, trash
  • Low-Rise Condominium
  • Premier Property Management Condos, Phone Number (302) 644-2752
  • 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 2003

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
  • Ownership: Fee Simple
  • Exclusions: Red drapes in Main BR, Green Drapes in Second BR
  • Historic: No
  • Home Warranty: No
  • Inclusions: Bar Stools
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-11-13
  • Federal Flood Zone: No
  • Year Built: 2003
  • Automatically Close On Close Date: 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 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 gorgeous premium linoleum 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 and a new glass shower enclosure. The kitchen has been upgraded with stainless appliances and has a pantry for your storage needs. 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: Dishwasher, Disposal, Dryer - Electric, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Washer
  • Entry Floor: 2
  • Flooring Type: Carpet, Tile/Brick, Engineered Wood
  • Interior Amenities: Ceiling Fan(s), Dining Area, Walk-In Closet(s), Wood Floors
  • Window Features: Screens
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Levels Count: 1
  • Room Count: 6
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Laundry, Additional Bedroom
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1145
  • Living Area Sq Ft: 1145
  • Price Per Sq Ft: 292.58
  • 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
  • Construction Materials: Stick Built, Vinyl Siding
  • Roof: Architectural Shingle
  • View: Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 644.84
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Premier Property Management
  • Condo Co-Op Phone: 302-644-2752
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Management, Pool(s), 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
  • Elementary School: REHOBOTH
  • Middle School: BEACON
  • High School: CAPE HENLOPEN
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 300200396895
  • School District Source: 3rd Party
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Green Features

  • Clean Green Assessed: No

Lot Info

  • Outdoor Living Structures: Porch(es), Screened
  • Property Condition: Excellent
  • Zoning: RC RES: CONDO
  • In City Limits: No

Rental Info

  • 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: 7226942
  • School Tax: 561.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 619.00
  • Assessor Parcel Number: 334-13.00-3.01-510
  • County Tax Payment Frequency: Annually
  • Close Date: 12/30/2021

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2021
Closed on
Dec 29, 2021
Sold by
Charles Rorbach
Bought by
Patel Anik and Patel Rutica
Seller's Agent
Diane Heydt
The Moving Experience Delaware Inc
Buyer's Agent
Rutica Patel
Keller Williams Realty Central-Delaware
List Price
$335,000
Sold Price
$330,000
Premium/Discount to List
-$5,000
-1.49%
Current Estimated Value
$338,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,021
Avg. Annual Appreciation
2.64%
Original Mortgage
$298,379
Outstanding Balance
$277,819
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$85,119
Source: Public Records

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
Patel Anik $330,000 Wolfe & Associates Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Anik $298,379
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2021 12/30/21 Sold $330,000 -1.5% $288 / Sq Ft
11/25/2021 11/25/21 Pending -- -- --
11/13/2021 11/13/21 For Sale $335,000 -- $293 / 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 $358 $12,450 $0 $12,450
2020 $486 $12,450 $0 $12,450
2019 $487 $12,450 $0 $12,450
2018 $336 $13,150 $0 $0
2017 $438 $13,150 $0 $0
2016 $420 $13,150 $0 $0
2015 $402 $13,150 $0 $0
2014 $397 $13,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Diane Heydt

    Seller's Agent in 2021

    Diane Heydt

    The Moving Experience Delaware Inc

    (610) 657-1708

    5 in this area

    32 Total Sales

    Diane Heydt
    Section Image
  • Rutica Patel

    Buyer's Agent in 2021

    Rutica Patel

    Keller Williams Realty Central-Delaware

    (252) 623-8806

    3 in this area

    19 Total Sales

    Rutica Patel
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2009280

Bright MLS

APN: 334-13.00-3.01-510

Delaware Sussex County Rehoboth Beach 19971

500 Cascade Ln Unit 510, Rehoboth Beach, DE

This home is located at 500 Cascade Ln Unit 510, Rehoboth Beach, DE 19971 since 13 November 2021 and is currently estimated at $338,021, approximately $295 per square foot. This property was built in 2003. 500 Cascade Ln Unit 510 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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