NOT LISTED FOR SALE

502 King Charles Ave Unit B Rehoboth Beach, DE 19971

Estimated Value: $751,000 - $1,681,000

2 Beds
1 Bath
870 Sq Ft
$104/mo HOA Fee

Last Sold December 13, 2019

Last sale price $442,250 $508 Per Sq Ft

Est. 167% increase in value since last sale

Current estimated payment $6,376/month

121 Days on Market

Highlights

  • Building is oceanfront but unit may not have water views
  • Furnished
  • Eat-In Kitchen
  • Rehoboth Elementary School Rated A
  • Porch
  • Screened Patio

About This Home

As of December 2019

Location is key and this charming 2 bedroom 1 bath condo offers one of the finest locations in town. Situated in South Rehoboth on King Charles Avenue between Hickman and New Castle Streets, this ocean block condo is just steps to Rehoboth's pristine beaches, the popular mile long boardwalk, and all of the towns delicious restaurants and fine boutiques too! This property offers a welcoming front porch, ideal for morning coffee and relaxation, an open living/kitchen concept with breakfast bar, and private laundry area too! King Charles Condominiums is just 4 units, complete with private parking (1 assigned space per unit), shared storage and shared outdoor shower too! This is a great rental property with solid history. The property has not yet been rented for 2019! Being sold furnished, this property is ready for your enjoyment for the Summer Season!

Last Agent to Sell the Property

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 05/22/2019

Jack Lingo - Rehoboth

Co-Listed By

Amanda Ryan

(302) 841-9603 amanda@rbre.com Jack Lingo - Rehoboth License #RS-0019497

Last Buyer's Agent

Matt Brittingham

(302) 344-9026 Matt@DelawareShoreProperties.com Patterson-Schwartz-Rehoboth License #RA-0003405

Patterson-Schwartz-Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $629

Year Built

  • Built in 1971

Lot Details

  • Building is oceanfront but unit may not have water views
  • Property is in very good condition

HOA Fees

  • $104 Monthly HOA Fees

Home Design

  • Entry on the 1st floor

Interior Spaces

  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room
  • Crawl Space
  • Stacked Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher

Flooring

  • Laminate
  • Tile or Brick

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Home Security

Parking

  • Off-Street Parking
  • 1 Assigned Parking Space

Accessible Home Design

  • Level Entry For Accessibility

Outdoor Features

  • Outdoor Shower
  • Screened Patio
  • Porch

Schools

  • Rehoboth Elementary School
  • Beacon Middle School
  • Cape Henlopen High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.18-122.00-B

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn maintenance, sewer, water
  • Low-Rise Condominium
  • King Charles Condominiums
  • King Charles Community
  • South Rehoboth Subdivision

Pet Policy

  • Dogs and Cats Allowed

Additional Features

  • Common Area
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$629

Year Built

Built in 1971

Lot Details

0

HOA Fees

$104 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Level Entry - Main
  • Ownership: Condominium
  • Exclusions: Decorative staging items, 2 navy blue lamps, white comforter and shams, all throw pillows, beverage tray on coffee table, all faux greenery, all hand towels in bathroom.
  • Inclusions: Furnishings (As Seen) with the exception of decorative staging items, middle room comforter & shams, middle room lamp, rear room lamp and all throw pillows on couches.
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1971
  • Remarks Public: Location is key and this charming 2 bedroom 1 bath condo offers one of the finest locations in town. Situated in South Rehoboth on King Charles Avenue between Hickman and New Castle Streets, this ocean block condo is just steps to Rehoboth's pristine beaches, the popular mile long boardwalk, and all of the towns delicious restaurants and fine boutiques too! This property offers a welcoming front porch, ideal for morning coffee and relaxation, an open living/kitchen concept with breakfast bar, and private laundry area too! King Charles Condominiums is just 4 units, complete with private parking (1 assigned space per unit), shared storage and shared outdoor shower too! This is a great rental property with solid history. The property has not yet been rented for 2019! Being sold furnished, this property is ready for your enjoyment for the Summer Season!
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 1
  • Flooring Type: Laminated, Tile/Brick
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Flat, Kitchen - Table Space, Window Treatments
  • Fireplace: No
  • Door Features: Storm
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 1083
  • Living Area Sq Ft: 870
  • Price Per Sq Ft: 516.09
  • Above Grade Finished Sq Ft: 870
  • Above Grade Unfinished Sq Ft: 213
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 502

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block
  • Exterior Features: Outside Shower
  • Roof: Unknown
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Phone Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1250.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: King Charles Condominiums
  • HOA Condo Co-Op Amenities: Common Grounds
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Sewer, Water
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • Elementary School: REHOBOTH
  • Middle School: BEACON
  • High School: CAPE HENLOPEN
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396895
  • School District Source: Listing Agent
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Porch(es), Screened
  • Property Condition: Very Good
  • Year Assessed: 2018
  • Zoning: Q
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 17735.00
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 629.20
  • Assessor Parcel Number: 334-14.18-122.00-B
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 12/13/2019

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2019
Closed on
Dec 13, 2019
Sold by
Harrison Lt
Bought by
Taylor James D and Taylor Hubert
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Matt Brittingham
Patterson-Schwartz-Rehoboth
List Price
$499,000
Sold Price
$442,250
Premium/Discount to List
-$56,750
-11.37%
Current Estimated Value
$1,182,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$740,746
Avg. Annual Appreciation
18.52%
Original Mortgage
$397,981
Outstanding Balance
$351,563
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$831,433

Purchase Details

Closed on
Mar 5, 2019
Sold by
Jacquelyn S Paullin T
Bought by
Jeffrey S & J S Paullin Ret
Source: Public Records

Range of Values:

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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
Taylor James D $442,250 None Available
Jeffrey S & J S Paullin Ret -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylor James D $397,981
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2019 12/13/19 Sold $442,250 -11.4% $508 / Sq Ft
09/20/2019 09/20/19 Pending -- -- --
05/22/2019 05/22/19 For Sale $499,000 -- $574 / 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
2025 -- $32,300 $12,500 $19,800
2024 -- $32,300 $12,500 $19,800
2023 $0 $32,300 $12,500 $19,800
2022 $1,516 $32,300 $12,500 $19,800
2021 $1,516 $32,300 $12,500 $19,800
2020 $1,516 $32,300 $12,500 $19,800
2019 $1,519 $32,300 $12,500 $19,800
Source: Public Records

Agents Affiliated with this Home

  • Bryce Lingo

    Seller's Agent in 2019

    Bryce Lingo

    Jack Lingo - Rehoboth

    (302) 226-6417

    183 in this area

    344 Total Sales

    Bryce Lingo
    Section Image
  • Amanda Ryan

    Seller Co-Listing Agent in 2019

    Amanda Ryan

    Jack Lingo - Rehoboth

    (302) 841-9603

    33 in this area

    92 Total Sales

    Amanda Ryan
    Section Image
  • Matt Brittingham

    Buyer's Agent in 2019

    Matt Brittingham

    Patterson Schwartz

    (302) 344-9026

    24 in this area

    242 Total Sales

    Matt Brittingham
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU139834

Bright MLS

APN: 334-14.18-122.00

Delaware Sussex County Rehoboth Beach 19971

502 King Charles Ave Unit B, Rehoboth Beach, DE

This home is located at 502 King Charles Ave Unit B, Rehoboth Beach, DE 19971 since 22 May 2019 and is currently estimated at $1,182,996, approximately $1,359 per square foot. This property was built in 1971. 502 King Charles Ave Unit B 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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