NOT LISTED FOR SALE

500 Cascade Ln Unit 523 Rehoboth Beach, DE 19971

Rehoboth Beach Area

Estimated Value: $314,000 - $368,000

2 Beds
2 Baths
940 Sq Ft
4,922 Sq Ft Lot

Sale Details

Date Sold: April 21, 2023

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

Est. 2% increase in value since last sale

Current estimated payment $2,166 / mo

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

(302) 684-1988 delmarvapropertysales@gmail.com RIALE REALTY License #RB-0002954 Listed on: 02/10/2023

Last Buyer's Agent

Kim Hamer

(302) 227-6767 justin.healy@msir.net 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
  • Entry on the 3rd floor

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 Community
  • 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

4,922 Sq Ft Lot

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
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Fireplace: No
  • Levels Count: 1
  • 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

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 Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Good
  • 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

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2023
Closed on
Mar 29, 2023
Sold by
Bought by
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
$345,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,638
Avg. Annual Appreciation
0.50%
Original Mortgage
$272,000
Interest Rate
0.0673%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2018
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$340,000 Etitle Agency
$184,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $13,200 $0 $13,200
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

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Map

Source: Bright MLS

MLS Number: DESU2035856

Bright MLS

APN: 334-13.00-3.01-523

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