NOT LISTED FOR SALE

500 Cascade Ln Unit 523 Rehoboth Beach, DE 19971

Estimated Value: $189,414 - $378,000

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. 8% decrease in value since last sale

Current estimated payment $2,024/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
$313,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,396
Avg. Annual Appreciation
-0.44%
Original Mortgage
$272,000
Outstanding Balance
$265,978
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$70,718

Purchase Details

Closed on
Jan 24, 2018
Sold by
Anderson Michael J
Bought by
Us Bank Na Tr
Source: Public Records

Similar Homes in Rehoboth Beach, DE

  • 100 Cascade Ln Unit 101, Rehoboth Beach, DE 19971

    $395,000

    • 2 Beds
    • 2 Baths
    • 940 Sq Ft
    • 100 Cascade Ln
    • Unit 101
    • Rehoboth Beach, DE

    Rehoboth Beach 2-bedroom, 2-bathroom condo situated on the first floor for easy access. Its rear corner location ensures privacy, featuring a serene wooded backdrop. The unit is freshly painted and boasts new LVP flooring throughout, updated stainless steel appliances, shutter window treatments, and a storm door. The open floor plan includes a living room and dining area that flows into a

    DEBBIE REED RE/MAX Realty Group Rehoboth

    Section Image
  • 500 Cascade Ln Unit 519, Rehoboth Beach, DE 19971

    $379,900

    • 2 Beds
    • 2 Baths
    • 1,050 Sq Ft
    • 500 Cascade Ln
    • Unit 519
    • Rehoboth Beach, DE

    Top Floor Turn-key Furnished Two Bedroom Two Bath Condo. Maintenance free living near the beach. This custom painted home features LVP floors and Berber carpet and tiled baths. Three ceiling fans keep you cool and comfortable. The screened in balcony features its own storage closet and wooded views. This home has been custom painted and features custom wall treatments in both bedrooms. Both

    Mitch Selbiger Monument Sotheby's International Realty

    Section Image
  • 500 Cascade Ln Unit 522, Rehoboth Beach, DE 19971

    $359,900

    • 2 Beds
    • 2 Baths
    • 1,038 Sq Ft
    • 500 Cascade Ln
    • Unit 522
    • Rehoboth Beach, DE

    Well priced 3rd floor furnished condo nestled in the peaceful community of Creekwood with easy access to shopping, dining, Cape Henlopen State Park, the boardwalk, Wolfe Neck Breakwater Trail and more. This well maintained 2BR, 2BA home features bamboo flooring with a bright and open living area. The large primary bedroom includes a walk-in closet and bath en-suite. Updates include a new roof,

    TIFFINI ANDERSON Jack Lingo - Rehoboth

    Section Image
  • 100 Cascade Ln Unit 124, Rehoboth Beach, DE 19971

    $387,500

    • 2 Beds
    • 2 Baths
    • 1,038 Sq Ft
    • 100 Cascade Ln
    • Unit 124
    • Rehoboth Beach, DE

    Affordable beach living nestled in quiet community with secluded location just off route1! Talk about location...conveniently located to all Delaware beaches with easy access to outlet shopping and eateries. FULLY FURNISHED penthouse is fabulous for a private lifestyle while enjoying the water view from your screened balcony. Storage closet on patio for easy access of those summer toys. This well

    Nancy Price Coldwell Banker Premier - Seaford

    Section Image
  • 1400 Pebble Dr Unit 1424, Rehoboth Beach, DE 19971

    $359,400

    • 2 Beds
    • 2 Baths
    • 1,038 Sq Ft
    • 1400 Pebble Dr
    • Unit 1424
    • Rehoboth Beach, DE

    Seller offering a $5,000 CREDIT towards buyer’s closing costs for this well maintained 2-bedroom, 2-bathroom condo is located on the east side of Coastal Highway in sought-after Rehoboth Beach. Situated on the 3rd floor, it offers privacy and a covered balcony perfect for morning coffee or evening cocktails.Just 3.5 miles from the iconic Rehoboth Beach boardwalk, and minutes to the Tanger

    LUZ ESCOBAR Berkshire Hathaway HomeServices PenFed Realty

    Section Image
  • 200 Pebble Dr Unit 224, Rehoboth Beach, DE 19971

    $345,000

    • 2 Beds
    • 2 Baths
    • 1,038 Sq Ft
    • 200 Pebble Dr
    • Unit 224
    • Rehoboth Beach, DE

    Relax and unwind on your private screened porch, where tranquil water views and the soothing sounds of a sparkling fountain create the perfect coastal escape. This impeccably maintained third-floor condo offers an open, airy layout filled with natural light—and with no neighbors above you, you'll enjoy an added sense of peace and privacy. The bright, cheerful kitchen flows effortlessly into the

    Henry Jaffe Monument Sotheby's International Realty

    Section Image
  • 35948 Haven Dr Unit 201, Rehoboth Beach, DE 19971

    $359,000

    • 2 Beds
    • 2 Baths
    • 858 Sq Ft
    • 35948 Haven Dr
    • Unit 201
    • Rehoboth Beach, DE

    Easy living at the beach! This 2-bedroom, 2-bath condo in the Beachaven community is bright, fresh, and move-in ready. Located on the second floor, it features newer appliances, brand new flooring throughout, and a furnace that’s just 4 years old. Fresh paint gives it a clean, coastal feel. Just 3 miles to the Rehoboth Beach Boardwalk and within walking distance to shops, restaurants, and

    LUZ ESCOBAR Berkshire Hathaway HomeServices PenFed Realty

    Section Image
  • 18936 Shore Pointe Ct Unit 2801, Rehoboth Beach, DE 19971

    $389,000

    • 2 Beds
    • 2 Baths
    • 18936 Shore Pointe Ct
    • Unit 2801
    • Rehoboth Beach, DE

    The Woods Cove community is difficult to top for location, ease of living and convenience to all Lewes and Rehoboth Beach offer. This lovely end-unit 1st floor, 2-bedroom, 2-bathroom condo backs to a private wooded area AND has an attached 2-car garage! All of this in one beautifully maintained condo with a brand-new HVAC system. The open kitchen offers plenty of counter space and storage

    Robert Kimbles Jack Lingo - Lewes

    Section Image
  • 18880 Forgotten Harbor Ct Unit 402F, Rehoboth Beach, DE 19971

    $344,900

    • 2 Beds
    • 2 Baths
    • 1,159 Sq Ft
    • 18880 Forgotten Harbor Ct
    • Unit 402F
    • Rehoboth Beach, DE

    Ideally located between the vibrant coastal towns of Lewes and Rehoboth Beach, this beautifully maintained condominium in the desirable Woods Cove community offers a stylish and low-maintenance lifestyle near everything the Delaware beaches have to offer. Inside, you'll find modern plank flooring throughout the main living space, creating a warm and cohesive flow from room to room.The

    William Rash Northrop Realty

    Section Image
See All Homes in Rehoboth Beach

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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

    54 Total Sales

    Tim Riale
    Section Image
  • Kim Hamer

    Buyer's Agent in 2023

    Kim Hamer

    OCEAN ATLANTIC SOTHEBYS

    (302) 745-9914

    101 in this area

    295 Total Sales

    Kim Hamer
    Section Image
See All Agents

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 $313,604, approximately $333 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes