NOT LISTED FOR SALE

500 Cascade Ln Unit 524 Rehoboth Beach, DE 19971

Estimated Value: $252,573 - $392,000

2 Beds
2 Baths
1,140 Sq Ft
$209/mo HOA Fee

Last Sold May 21, 2020

Last sale price $210,000 $184 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $2,180/month

41 Days on Market

Highlights

  • No Units Above
  • Contemporary Architecture
  • Community Pool
  • Rehoboth Elementary School Rated A
  • Traditional Floor Plan
  • Galley Kitchen

About This Home

As of May 2020

This is the larger 1,144 sq. ft. Atlantic-model floor plan featuring 9' ceilings, crown molding, a split bedroom plan, and a screened porch. The spacious living room has a coat closet & a doorway to the in-unit laundry room with a side-by-side clothes washer & dryer. This 3rd-floor condo has an efficient galley-style kitchen with a breakfast bar. And the kitchen adjoins a large dining area. Both the living room and dining room have easy access to the screened porch via a French door. The master bedroom is en suite & has a walk-in closet. The master bath has an expansive double-sink vanity, lots of cabinet space, and a large shower. Another full bath, with a tub/shower combo, is located in the hall by the second bedroom. The nicely-sized second bedroom also has a walk-in closet. Extra closet space in the hall, too, for use as a pantry or for your other storage needs. The porch has a storage closet for your beach gear or bikes. Ceiling fans in the living room, dining room & both bedrooms. Newer heating/ventilation/air conditioning unit (HVAC) & newer dishwasher. Only 4 miles to the Rehoboth boardwalk! And the community pool is just around the corner. Creekwood is near the State Park's Wolfe Neck/Breakwater Junction trailhead for access to the hiking and biking trail. Condo dues $626/Qtr & low taxes of $621/Yr.

Last Agent to Sell the Property

LINDA BOVA

SEA BOVA ASSOCIATES INC. License #RB-0003161 Listed on: 02/24/2020

Co-Listed By

BRIDGET BAUER

SEA BOVA ASSOCIATES INC. License #RA-0003323

Last Buyer's Agent

Tracy Kelley

Jack Lingo - Rehoboth License #RA-0031023

Jack Lingo - Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $621

Year Built

  • Built in 2003

Lot Details

  • No Units Above
  • 1 Common Wall
  • Sprinkler System
  • Property is in very good condition

HOA Fees

  • $209 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,140 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Crown Molding
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Insulated Windows
  • Window Treatments
  • French Doors
  • Insulated Doors
  • Living Room
  • Dining Room
  • Crawl Space

Kitchen

  • Galley Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Laundry on main level
  • Electric Dryer
  • Washer

Home Security

Parking

  • 3 Open Parking Spaces
  • Parking Lot
  • Off-Street Parking

Utilities

  • Central Air
  • Heat Pump System
  • 220 Volts
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 334-13.00-3.01-524

Community Details

Overview

  • Association fees include all ground fee, common area maintenance, exterior building maintenance, management, pool(s), reserve funds, road maintenance, snow removal, trash
  • 12 Units
  • Low-Rise Condominium
  • Creekwood Subdivision, Atlantic Floorplan
  • Property Manager

Recreation

  • Community Pool

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$621

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: Contemporary, Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2003
  • Remarks Public: This is the larger 1,144 sq. ft. Atlantic-model floor plan featuring 9' ceilings, crown molding, a split bedroom plan, and a screened porch. The spacious living room has a coat closet & a doorway to the in-unit laundry room with a side-by-side clothes washer & dryer. This 3rd-floor condo has an efficient galley-style kitchen with a breakfast bar. And the kitchen adjoins a large dining area. Both the living room and dining room have easy access to the screened porch via a French door. The master bedroom is en suite & has a walk-in closet. The master bath has an expansive double-sink vanity, lots of cabinet space, and a large shower. Another full bath, with a tub/shower combo, is located in the hall by the second bedroom. The nicely-sized second bedroom also has a walk-in closet. Extra closet space in the hall, too, for use as a pantry or for your other storage needs. The porch has a storage closet for your beach gear or bikes. Ceiling fans in the living room, dining room & both bedrooms. Newer heating/ventilation/air conditioning unit (HVAC) & newer dishwasher. Only 4 miles to the Rehoboth boardwalk! And the community pool is just around the corner. Creekwood is near the State Park's Wolfe Neck/Breakwater Junction trailhead for access to the hiking and biking trail. Condo dues $626/Qtr & low taxes of $621/Yr.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 3
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Carpet, Ceiling Fan(s), Crown Moldings, Dining Area, Floor Plan - Traditional, Kitchen - Galley, Primary Bath(s), Pantry, Recessed Lighting, Sprinkler System, Stall Shower, Tub Shower, Walk-In Closet(s), Window Treatments
  • Window Features: Double Pane, Insulated
  • Fireplace: No
  • Common Walls: 1 Common Wall, No One Above
  • Door Features: French, Insulated
  • Wall Ceiling Types: 9'+ Ceilings, Dry Wall
  • Foundation Details: Block, Crawl Space
  • Levels Count: 1
  • Room Count: 8
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Laundry, Bathroom 2, Primary Bathroom
  • Basement: No
  • Laundry Type: Dryer In Unit, Main Floor, Washer In Unit, Has Laundry
  • Total Sq Ft: 1140
  • Living Area Sq Ft: 1140
  • Price Per Sq Ft: 188.60
  • Above Grade Finished Sq Ft: 1140
  • 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
  • Road Surface Type: Black Top
  • Roof: Architectural Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 3
  • Type Of Parking: Parking Lot, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Monthly Average Electric: 41
  • Previous Twelve Months Electric Expense: 492.00
  • Electric Service: 220 Volts
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Fire Detection System, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 28
  • Water Previous Twelve Months: 337.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 626.07
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: All Ground Fee, Common Area Maintenance, Ext Bldg Maint, Management, Pool(s), Reserve Funds, Road Maintenance, Snow Removal, Trash
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Fenced, In Ground

Fee Information

  • Loss Mitigation Fee?: No

Schools

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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 13200.00
  • Land Use Code: RC
  • Property Condition: Very Good
  • Year Assessed: 2019
  • Zoning: C-1
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok, Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 7226956
  • School Tax: 562.00
  • Tax Annual Amount: 621.00
  • Assessor Parcel Number: 334-13.00-3.01-524
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2019
  • Close Date: 05/21/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Morley Andrew J $189,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2020 05/21/20 Sold $210,000 -2.3% $184 / Sq Ft
04/05/2020 04/05/20 Pending -- -- --
02/24/2020 02/24/20 For Sale $215,000 -- $189 / 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

  • LINDA BOVA

    Seller's Agent in 2020

    LINDA BOVA

    SEA BOVA ASSOCIATES INC.

    (302) 542-4197

    168 in this area

    412 Total Sales

    LINDA BOVA
    Section Image
  • BRIDGET BAUER

    Seller Co-Listing Agent in 2020

    BRIDGET BAUER

    SEA BOVA ASSOCIATES INC.

    (302) 227-1222

    140 in this area

    302 Total Sales

    BRIDGET BAUER
    Section Image
  • Tracy Kelley

    Buyer's Agent in 2020

    Tracy Kelley

    Jack Lingo - Rehoboth

    (302) 227-3883

    28 in this area

    44 Total Sales

    Tracy Kelley
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU156820

Bright MLS

APN: 334-13.00-3.01-524

Delaware Sussex County Rehoboth Beach 19971

500 Cascade Ln Unit 524, Rehoboth Beach, DE

This home is located at 500 Cascade Ln Unit 524, Rehoboth Beach, DE 19971 since 24 February 2020 and is currently estimated at $344,893, approximately $302 per square foot. This property was built in 2003. 500 Cascade Ln Unit 524 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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