NOT LISTED FOR SALE

500 Cascade Ln Unit 518 Rehoboth Beach, DE 19971

Estimated Value: $272,000 - $379,000

2 Beds
2 Baths
-- Sq Ft
$226/mo HOA Fee

Last Sold December 27, 2022

Last sale price $325,000

Current estimated payment $2,053/month

2 Days on Market

Highlights

  • Penthouse
  • Main Floor Bedroom
  • Water Fountains
  • Rehoboth Elementary School Rated A
  • Sun or Florida Room
  • Upgraded Countertops

About This Home

As of December 2022

Lock & Go Rehoboth Getaway. Top floor, corner 2BR, 2BA Condo with 9' ceilings, screened porch, sun room, updated kitchen & bathrooms in the centrally located community of Creekwood. Community pool. Walking convenience to dining, shopping & public transportation. Designated parking available for boats, campers & RV's. Never rented, but 2BR, 2BA Creekwood condos have proven to generate $40,000 annual rental income.

Last Agent to Sell the Property

Skip Faust

Coldwell Banker Premier - Rehoboth License #RA-0002618 Listed on: 11/23/2022

Coldwell Banker Premier - Rehoboth

Last Buyer's Agent

Carrie Lingo

Jack Lingo - Lewes License #RS-0017885

Jack Lingo - Lewes

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $625

Year Built

  • Built in 2003

Lot Details

  • South Facing Home
  • Sprinkler System
  • Property is in excellent condition

HOA Fees

  • $226 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Penthouse
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Sun or Florida Room

Kitchen

  • Galley Kitchen
  • Gas Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Partially Carpeted
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Water Fountains
  • Exterior Lighting

Utilities

  • Central Heating
  • Heat Pump System
  • Back Up Electric Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-13.00-3.01-518

Community Details

Overview

  • $1,200 Capital Contribution Fee
  • Association fees include common area maintenance, management, pool(s), road maintenance, snow removal, trash
  • Low-Rise Condominium
  • Creekwood Subdivision

Amenities

  • Common Area

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$625

Year Built

Built in 2003

Lot Details

0

HOA Fees

$226 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse 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: Lock & Go Rehoboth Getaway. Top floor, corner 2BR, 2BA Condo with 9' ceilings, screened porch, sun room, updated kitchen & bathrooms in the centrally located community of Creekwood. Community pool. Walking convenience to dining, shopping & public transportation. Designated parking available for boats, campers & RV's. Never rented, but 2BR, 2BA Creekwood condos have proven to generate $40,000 annual rental income.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Gas, Refrigerator, Washer, Water Heater
  • Entry Floor: 3
  • Flooring Type: Vinyl, Partially Carpeted, Laminate Plank
  • Interior Amenities: Ceiling Fan(s), Entry Level Bedroom, Kitchen - Galley, Primary Bath(s), Sprinkler System, Upgraded Countertops, Walk-In Closet(s)
  • Fireplace: No
  • Floors In Unit Count: 1
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Sun/Florida Room, Laundry, Primary Bathroom, Full Bath, Additional Bedroom
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • 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: Frame, Vinyl Siding
  • Exterior Features: Exterior Lighting, Street Lights, Water Fountains
  • 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: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Central, Heat Pump - Electric Backup
  • 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: 225.67
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pool(s), Road Maintenance, Snow Removal, Trash
  • HOA: No
  • Senior Community: No
  • Community Pool Features: In Ground

Fee Information

  • Capital Contribution Fee: 1200.00

Schools

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

Lot Info

  • Additional Parcels: No
  • Land Use Code: 999
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Excellent
  • Year Assessed: 2022
  • Zoning: C-1
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 7226950
  • Tax Annual Amount: 625.00
  • Assessor Parcel Number: 334-13.00-3.01-518
  • Tax Year: 2022
  • Close Date: 12/27/2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2022
Closed on
Dec 27, 2022
Sold by
Crescenzo Michael J and Crescenzo Paula
Bought by
Cox Michael
Seller's Agent
Skip Faust
Coldwell Banker Premier - Rehoboth
Buyer's Agent
Carrie Lingo
Jack Lingo - Lewes
List Price
$325,000
Sold Price
$325,000
Views
48
Current Estimated Value
$325,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$449
Avg. Annual Appreciation
5.05%
Original Mortgage
$276,250
Outstanding Balance
$266,855
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$103,623
Source: Public Records

Range of Values:

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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
Cox Michael $325,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cox Michael $276,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2022 12/27/22 Sold $325,000 0.0% --
11/23/2022 11/23/22 For Sale $325,000 -- --
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 $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 $585 $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

  • Skip Faust

    Seller's Agent in 2022

    Skip Faust

    Coldwell Banker Premier - Rehoboth

    (302) 745-8764

    29 in this area

    157 Total Sales

    Skip Faust
    Section Image
  • Carrie Lingo

    Buyer's Agent in 2022

    Carrie Lingo

    Jack Lingo - Lewes

    (302) 500-0825

    160 in this area

    895 Total Sales

    Carrie Lingo
    Section Image
  • Shawn McDonnell

    Buyer Co-Listing Agent in 2022

    Shawn McDonnell

    Jack Lingo - Lewes

    (302) 542-8591

    50 in this area

    156 Total Sales

    Shawn McDonnell
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2032390

Bright MLS

APN: 334-13.00-3.01-518

Delaware Sussex County Rehoboth Beach 19971

500 Cascade Ln Unit 518, Rehoboth Beach, DE

This home is located at 500 Cascade Ln Unit 518, Rehoboth Beach, DE 19971 since 23 November 2022 and is currently estimated at $325,449. This property was built in 2003. 500 Cascade Ln Unit 518 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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