NOT LISTED FOR SALE

500 Cascade Ln Unit 517 Rehoboth Beach, DE 19971

Estimated Value: $248,000 - $392,000

2 Beds
2 Baths
1,140 Sq Ft
$209/mo HOA Fee

Last Sold May 11, 2021

Last sale price $255,000 $224 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,096/month

5 Days on Market

Highlights

  • Community Pool
  • Porch
  • Central Air
  • Rehoboth Elementary School Rated A
  • Screened Patio
  • Property is in very good condition

About This Home

As of May 2021

Affordable Beach Condo just in time for the summer?? Here you go! This third floor 2 bedroom, 2 bath unit is located on the top floor, no noisy upstairs neighbors to worry about! Located east of route 1 with easy access to Rehoboth Beach and a short drive to Lewes. Brand new water heater and the HVAC system is less than 5 years old. This a turn key home ready to enjoy! This home features hardwood floors and crown molding throughout the living area. Condo Association offers a community pool and great restaurants and shopping are close by. Schedule your showing today!

Last Agent to Sell the Property

Jamie Coleman

Patterson-Schwartz-Rehoboth Listed on: 04/02/2021

Patterson-Schwartz-Rehoboth

Last Buyer's Agent

Beth Hughes

Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $585

Year Built

  • Built in 2003

Lot Details

  • Property is in very good condition

HOA Fees

  • $209 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,140 Sq Ft Home
  • Property has 1 Level

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Screened Patio
  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-13.00-3.01-517

Community Details

Overview

  • $400 Capital Contribution Fee
  • Association fees include lawn maintenance, management, pool(s), snow removal, trash
  • Low-Rise Condominium
  • Creekwood Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$585

Year Built

Built in 2003

Lot Details

0

HOA Fees

$209 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: Condominium
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2003
  • Automatically Close On Close Date: No
  • Remarks Public: Affordable Beach Condo just in time for the summer?? Here you go! This third floor 2 bedroom, 2 bath unit is located on the top floor, no noisy upstairs neighbors to worry about! Located east of route 1 with easy access to Rehoboth Beach and a short drive to Lewes. Brand new water heater and the HVAC system is less than 5 years old. This a turn key home ready to enjoy! This home features hardwood floors and crown molding throughout the living area. Condo Association offers a community pool and great restaurants and shopping are close by. Schedule your showing today!
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Washer, Water Heater
  • Entry Floor: 3
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1140
  • Living Area Sq Ft: 1140
  • Price Per Sq Ft: 223.68
  • Above Grade Finished Sq Ft: 1140
  • 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: Vinyl Siding
  • Exterior Features: Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: 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: Heat Pump(s)
  • 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: 626.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Management, Pool(s), Snow Removal, Trash
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Capital Contribution Fee: 400.00

Schools

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

Lot Info

  • Land Lease: No
  • Outdoor Living Structures: Porch(es), Screened
  • Property Condition: Very Good
  • Zoning: RC-RES
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 7226949
  • Tax Annual Amount: 585.00
  • Assessor Parcel Number: 334-13.00-3.01-517
  • Tax Year: 2020
  • Close Date: 05/11/2021

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2010
Bought by
Paul Leena (Trustee)
Current Estimated Value
$330,221

Purchase Details

Closed on
Mar 10, 2010
Bought by
Paul Leena (Trustee)
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
Paul Leena (Trustee) $180,000 --
Paul Leena (Trustee) $180,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2021 05/11/21 Sold $255,000 0.0% $224 / Sq Ft
04/07/2021 04/07/21 Pending -- -- --
04/02/2021 04/02/21 For Sale $255,000 -- $224 / 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

  • Jamie Coleman

    Seller's Agent in 2021

    Jamie Coleman

    Patterson Schwartz

    (302) 344-7158

    33 in this area

    110 Total Sales

    Jamie Coleman
    Section Image
  • Beth Hughes

    Buyer's Agent in 2021

    Beth Hughes

    Compass

    (202) 277-7553

    6 in this area

    48 Total Sales

    Beth Hughes
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU180186

Bright MLS

APN: 334-13.00-3.01-517

Delaware Sussex County Rehoboth Beach 19971

500 Cascade Ln Unit 517, Rehoboth Beach, DE

This home is located at 500 Cascade Ln Unit 517, Rehoboth Beach, DE 19971 since 02 April 2021 and is currently estimated at $330,221, approximately $289 per square foot. This property was built in 2003. 500 Cascade Ln Unit 517 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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