NOT LISTED FOR SALE

500 Cascade Ln Unit 515 Rehoboth Beach, DE 19971

Estimated Value: $355,892 - $403,000

2 Beds
2 Baths
1,145 Sq Ft
$233/mo HOA Fee

Last Sold April 02, 2024

Last sale price $379,900 $332 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,328/month

25 Days on Market

Highlights

  • View of Trees or Woods
  • Deck
  • Community Pool
  • Rehoboth Elementary School Rated A
  • Backs to Trees or Woods
  • Breakfast Area or Nook

About This Home

As of April 2024

Welcome to Your Oasis in Creekwood East of Route 1!

Discover the perfect blend of comfort and style in this meticulously maintained 2-bedroom, 2-bathroom condo. As you step inside, the tastefully designed interior welcomes you, showcasing a modern kitchen equipped with stainless steel appliances that make cooking a delight.

Indulge in the upgraded primary bathroom featuring tile accents in the shower, adding a touch of sophistication to your personal sanctuary. The layout of this second-floor unit is thoughtfully designed to enhance privacy and tranquility, providing a serene retreat after a busy day.

The eat-in kitchen area is not just functional but also a cozy spot for enjoying meals and entertaining guests. Whether it's a quiet dinner for two or a gathering with friends, this space adapts to your lifestyle seamlessly.

Creekwood East of Route 1 is renowned for its prime location, and being situated east of Route 1 adds an extra layer of appeal. Experience the convenience of having shopping and amusements close by while enjoying the peaceful ambiance of this well-established community.

Enjoy backing to the woods in the community and enjoy its proximity to all the amenities you need. Don't miss the opportunity to make this condo your own and embrace a lifestyle of comfort and convenience. Looking to invest? This property currently makes $23,400 per year. Purchase and take over the tenant or move in and enjoy after the tenants lease ends.

Schedule a showing today and envision yourself living in the heart of Rehoboth, East of Route 1! Your new condo awaits – a haven where modern living meets the tranquility of a well-connected community.

Last Agent to Sell the Property

Julie Gritton

Coldwell Banker Premier - Lewes License #RA-0031139 Listed on: 01/26/2024

Coldwell Banker Premier - Lewes

Last Buyer's Agent

BRUCE WRIGHT

Mann & Sons, Inc. License #RS-0016583

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $685

Year Built

  • Built in 2012 | Remodeled in 2022

HOA Fees

  • $233 Monthly HOA Fees

Home Design

  • Stick Built Home

Interior Spaces

  • 1,145 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Luxury Vinyl Plank Tile Flooring
  • Views of Woods

Kitchen

  • Galley Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Electric Dryer
  • Washer

Home Security

Parking

  • Paved Parking
  • Parking Lot

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Electric Water Heater
  • Public Septic
  • Phone Available
  • Cable TV Available

Additional Features

  • Doors swing in
  • Deck
  • Backs to Trees or Woods

Listing and Financial Details

  • Assessor Parcel Number 334-13.00-3.01-515

Community Details

Overview

  • $400 Capital Contribution Fee
  • Low-Rise Condominium
  • Creekwood Subdivision

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$685

Year Built

Built in 2012 | Remodeled in 2022

Lot Details

0

HOA Fees

$233 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: Between Rt 1 & 113
  • Accessibility Features: Doors - Swing In
  • Ownership: Fee Simple
  • Exclusions: Tenant has a couple pieces of furniture, dishes waterford burberry & RL crystal glasses and candle sticks And a painting in the condo that will stay, but are the tenants items.
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2012
  • Year Renovated: 2022
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to Your Oasis in Creekwood East of Route 1! Discover the perfect blend of comfort and style in this meticulously maintained 2-bedroom, 2-bathroom condo. As you step inside, the tastefully designed interior welcomes you, showcasing a modern kitchen equipped with stainless steel appliances that make cooking a delight. Indulge in the upgraded primary bathroom featuring tile accents in the shower, adding a touch of sophistication to your personal sanctuary. The layout of this second-floor unit is thoughtfully designed to enhance privacy and tranquility, providing a serene retreat after a busy day. The eat-in kitchen area is not just functional but also a cozy spot for enjoying meals and entertaining guests. Whether it's a quiet dinner for two or a gathering with friends, this space adapts to your lifestyle seamlessly. Creekwood East of Route 1 is renowned for its prime location, and being situated east of Route 1 adds an extra layer of appeal. Experience the convenience of having shopping and amusements close by while enjoying the peaceful ambiance of this well-established community. Enjoy backing to the woods in the community and enjoy its proximity to all the amenities you need. Don't miss the opportunity to make this condo your own and embrace a lifestyle of comfort and convenience. Looking to invest? This property currently makes $23,400 per year. Purchase and take over the tenant or move in and enjoy after the tenants lease ends. Schedule a showing today and envision yourself living in the heart of Rehoboth, East of Route 1! Your new condo awaits – a haven where modern living meets the tranquility of a well-connected community.
  • Washer Dryer Hookups YN: Yes
  • Special Features: NewHome
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer - Electric, Oven/Range - Electric, Refrigerator, Washer, Disposal
  • Entry Floor: 2
  • Flooring Type: Luxury Vinyl Plank
  • Interior Amenities: Breakfast Area, Ceiling Fan(s), Dining Area, Family Room Off Kitchen, Kitchen - Galley, Primary Bath(s), Stall Shower, Tub Shower
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Laundry, Bathroom 1, Primary Bathroom
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1145
  • Living Area Sq Ft: 1145
  • Price Per Sq Ft: 331.79
  • 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: Stick Built
  • Exterior Features: Sidewalks
  • Road Surface Type: Paved
  • View: Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Parking
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Septic
  • Utilities: Cable Tv Available, Electric Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 700.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee Frequency: Unknown
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 400.00

Schools

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

Lot Info

  • Additional Parcels: No
  • Land Use Code: 999
  • Lot Features: Backs To Trees
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2023
  • Zoning: C-1
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Pets Allowed: No
  • Vacation Rental: No

Tax Info

  • School Tax: 623.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 685.00
  • Assessor Parcel Number: 334-13.00-3.01-515
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 04/02/2024

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2024
Closed on
Mar 26, 2024
Sold by
Reinhardt John Joseph
Bought by
Lyles Claudia
Seller's Agent
Julie Gritton
Coldwell Banker Premier - Lewes
Buyer's Agent
BRUCE WRIGHT
Mann & Sons, Inc.
List Price
$379,900
Sold Price
$379,900
Views
133
Current Estimated Value
$373,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,927
Avg. Annual Appreciation
1.05%
Original Mortgage
$240,000
Outstanding Balance
$236,648
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$148,816

Purchase Details

Listed on
Aug 16, 2021
Closed on
Oct 4, 2021
Sold by
Thompson Stephen M
Bought by
Reinhardt John J
Seller's Agent
David Crider
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Cody Tindall
First Coast Realty LLC
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
8.47%
Original Mortgage
$279,000
Interest Rate
3.01%
Source: Public Records

Range of Values:

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Sold Price
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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
Lyles Claudia $379,900 None Listed On Document
Reinhardt John J $310,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lyles Claudia $240,000
Previous Owner Reinhardt John J $279,000
Previous Owner Thompson Stephen M $134,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2024 04/02/24 Sold $379,900 0.0% $332 / Sq Ft
01/26/2024 01/26/24 For Sale $379,900 0.0% $332 / Sq Ft
10/01/2023 10/01/23 Rented $1,950 0.0% --
09/15/2023 09/15/23 Under Contract -- -- --
09/11/2023 09/11/23 For Rent $1,950 0.0% --
10/04/2021 10/04/21 Sold $310,000 -3.1% --
08/20/2021 08/20/21 Pending -- -- --
08/16/2021 08/16/21 For Sale $320,000 -- --
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

  • Julie Gritton

    Seller's Agent in 2024

    Julie Gritton

    Coldwell Banker Premier - Lewes

    (302) 549-0395

    28 in this area

    372 Total Sales

    Julie Gritton
    Section Image
  • BRUCE WRIGHT

    Buyer's Agent in 2024

    BRUCE WRIGHT

    Mann & Sons, Inc.

    (302) 542-7651

    19 in this area

    80 Total Sales

    BRUCE WRIGHT
    Section Image

  • J

    Buyer Co-Listing Agent in 2024

    Joanie Hannigan

    Mann & Sons, Inc.

    (303) 227-9477

    15 in this area

    63 Total Sales

    Joanie Hannigan
    Section Image

  • C

    Seller's Agent in 2023

    CARLA L.H. RIDDLE

    Coldwell Banker Premier - Rehoboth

    (302) 841-0984

    CARLA L.H. RIDDLE
    Section Image

  • E

    Buyer's Agent in 2023

    Edward Mantyla

    Coldwell Banker Premier - Rehoboth

    (302) 227-5000

    Edward Mantyla
    Section Image
  • David Crider

    Seller's Agent in 2021

    David Crider

    BHHS PenFed (actual)

    (301) 814-6944

    4 in this area

    30 Total Sales

    David Crider
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2054906

Bright MLS

APN: 334-13.00-3.01-515

Delaware Sussex County Rehoboth Beach 19971

500 Cascade Ln Unit 515, Rehoboth Beach, DE

This home is located at 500 Cascade Ln Unit 515, Rehoboth Beach, DE 19971 since 26 January 2024 and is currently estimated at $373,973, approximately $326 per square foot. This property was built in 2012. 500 Cascade Ln Unit 515 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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