NOT LISTED FOR SALE

500 Cascade Ln Unit 523 Rehoboth Beach, DE 19971

Estimated Value: $201,604 - $375,000

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

Last Sold April 21, 2023

Last sale price $340,000 $362 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $1,955/month

39 Days on Market

Highlights

  • Rambler Architecture
  • Community Pool
  • Forced Air Heating and Cooling System
  • Rehoboth Elementary School Rated A

About This Home

As of April 2023

For Sale - 3rd Floor, 2BR/2BA Apartment Style Condo in Creekwood! Nicely located in close proximity to beaches and other resort amenities, including eateries, outlet shopping, and exciting night spots! Property Sold As-is, No Warranties Expressed or Implied! All cash offers must be accompanied by proof of funds to purchase or a pre-approval letter for all financed offers. NOTE: All condo fee information while believed to be accurate is subject to verification by potential buyer's and/or buyer agents. Seller has received multiple offers and is requesting HIGHEST AND BEST offer submission by noon on Monday, March 20, 2023. Form in Documents Section.

Last Agent to Sell the Property

Tim Riale

RIALE REALTY License #RB-0002954 Listed on: 02/10/2023

Last Buyer's Agent

Kim Hamer

Monument Sotheby's International Realty License #RS-0013968

Monument Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $661

Year Built

  • Built in 2003

Lot Details

  • Property is in good condition

HOA Fees

  • $226 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Rambler Architecture

Interior Spaces

  • 940 Sq Ft Home
  • Property has 1 Level
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Private Water Source
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 334-13.00-3.01-523

Community Details

Overview

  • Association fees include common area maintenance, lawn maintenance, pool(s), trash, management
  • Low-Rise Condominium
  • Creekwood Condos
  • Creekwood Subdivision
  • Property Manager

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$661

Year Built

Built in 2003

Lot Details

0

HOA Fees

$226 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Ranch/Rambler
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2003
  • Remarks Public: For Sale - 3rd Floor, 2BR/2BA Apartment Style Condo in Creekwood! Nicely located in close proximity to beaches and other resort amenities, including eateries, outlet shopping, and exciting night spots! Property Sold As-is, No Warranties Expressed or Implied! All cash offers must be accompanied by proof of funds to purchase or a pre-approval letter for all financed offers. NOTE: All condo fee information while believed to be accurate is subject to verification by potential buyer's and/or buyer agents. Seller has received multiple offers and is requesting HIGHEST AND BEST offer submission by noon on Monday, March 20, 2023. Form in Documents Section.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Fireplace: No
  • Levels Count: 1
  • Room Count: 4
  • Basement: No
  • Laundry Type: Hookup
  • Total Sq Ft: 940
  • Living Area Sq Ft: 940
  • Price Per Sq Ft: 356.28
  • Above Grade Finished Sq Ft: 940
  • 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
  • Spa: No
  • 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
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Cable Tv Available, Phone Available, Sewer Available, Water Available
  • Water Source: Private/Community Water
  • Internet Services: Cable

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 226.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Creekwood
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Maintenance, Pool(s), Trash, Management
  • HOA: No
  • Senior Community: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

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

Rental Info

  • Ground Rent Exists: No
  • Pets Allowed: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 7226955
  • School Tax: 599.00
  • Tax Annual Amount: 661.00
  • Assessor Parcel Number: 334-13.00-3.01-523
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 04/21/2023

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2023
Closed on
Mar 29, 2023
Sold by
Lsf9 Master Participation Trust
Bought by
Miller Gregory A
Seller's Agent
Tim Riale
RIALE REALTY
Buyer's Agent
Kim Hamer
Monument Sotheby's International Realty
List Price
$344,900
Sold Price
$340,000
Premium/Discount to List
-$4,900
-1.42%
Views
351
Current Estimated Value
$306,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$33,099
Avg. Annual Appreciation
-2.23%
Original Mortgage
$272,000
Outstanding Balance
$265,978
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$56,579

Purchase Details

Closed on
Jan 24, 2018
Sold by
Anderson Michael J
Bought by
Us Bank Na Tr
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
Miller Gregory A $340,000 Etitle Agency
Us Bank Na Tr $184,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Gregory A $272,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2023 04/21/23 Sold $340,000 +1.5% $362 / Sq Ft
03/21/2023 03/21/23 Pending -- -- --
03/10/2023 03/10/23 Price Changed $334,900 -2.9% $356 / Sq Ft
02/10/2023 02/10/23 For Sale $344,900 -- $367 / 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 $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

  • T

    Seller's Agent in 2023

    Tim Riale

    RIALE REALTY

    (302) 684-1988

    1 in this area

    53 Total Sales

    Tim Riale
    Section Image
  • Kim Hamer

    Buyer's Agent in 2023

    Kim Hamer

    OCEAN ATLANTIC SOTHEBYS

    (302) 745-9914

    96 in this area

    282 Total Sales

    Kim Hamer
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2035856

Bright MLS

APN: 334-13.00-3.01-523

Delaware Sussex County Rehoboth Beach 19971

500 Cascade Ln Unit 523, Rehoboth Beach, DE

This home is located at 500 Cascade Ln Unit 523, Rehoboth Beach, DE 19971 since 10 February 2023 and is currently estimated at $306,901, approximately $326 per square foot. This property was built in 2003. 500 Cascade Ln Unit 523 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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