NOT LISTED FOR SALE

500 Cascade Ln Unit 517 Rehoboth Beach, DE 19971

Estimated Value: $364,000 - $387,000

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. 46% increase in value since last sale

Current estimated payment $2,229/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

(302) 344-7158 jcoleman@psre.com Patterson-Schwartz-Rehoboth Listed on: 04/02/2021

Patterson-Schwartz-Rehoboth

Last Buyer's Agent

Beth Hughes

(202) 277-7553 bethhughesdc@yahoo.com 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

  • Entry on the 3rd floor
  • 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
  • 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

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 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

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
$373,047

Purchase Details

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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
Paul Leena (Trustee) $180,000 --
Paul Leena (Trustee) $180,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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
2025 $687 $12,450 $0 $12,450
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: DESU180186

Bright MLS

APN: 334-13.00-3.01-517