NOT LISTED FOR SALE

Estimated Value: $836,000

2 Beds
2 Baths
1,450 Sq Ft
$675/mo HOA Fee

Last Sold July 31, 2017

Last sale price $1,060,000 $731 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $5,265/month

Highlights

  • Waterfront
  • Contemporary Architecture
  • Elevator
  • Rehoboth Elementary School Rated A
  • Furnished
  • 4-minute walk to Lake Gerar Park

About This Home

As of July 2017

This home is located at 527 N Boardwalk Unit 510, Rehoboth Beach, DE 19971 since 24 July 2017 and is currently estimated at $836,000, approximately $576 per square foot. This property was built in 1973. 527 N Boardwalk Unit 510 is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

Last Agent to Sell the Property

NASI BOLOURCHI

nasi.bolourchi@comcast.net Mann & Sons, Inc. Listed on: 07/24/2017

Last Buyer's Agent

Bill Cullin

(302) 841-7147 bill.cullin@longandfoster.com Long & Foster Real Estate, Inc. License #RS0018675

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,768

Year Built

  • Built in 1973

HOA Fees

  • $675 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 5th floor
  • Flat Roof Shape
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 1,450 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Living Room
  • Dining Room
  • Tile or Brick Flooring

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • 1 Parking Space Included
  • On-Street Parking

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Public Hookup Available For Sewer

Additional Features

  • Waterfront
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 334-14.14-7.00-510

Community Details

Overview

  • Mid-Rise Condominium
  • Henlopen Community
  • North Rehoboth Subdivision

Additional Features

  • Elevator
  • Security Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,768

Year Built

Built in 1973

Lot Details

0

HOA Fees

$675 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary, Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Washer, Water Heater
  • Entry Floor: 5
  • Flooring Type: Tile/Brick
  • Interior Amenities: Entry Level Bedroom, Window Treatments
  • Window Features: Insulated, Screens
  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Floors In Unit Count: 1
  • Level Count: 1
  • Levels Count: 1
  • Room Count: 5
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1450
  • Living Area Sq Ft: 1450
  • Net Sq Ft: 1450.00
  • Price Per Sq Ft: 758.62
  • Above Grade Finished Sq Ft: 1450
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 527

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Concrete
  • Construction Completed: Yes
  • Roof: Flat
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 1
  • Parking Features: Paved Driveway, Under Home Parking
  • Number Of Parking Spaces Included: 1-Car Parking
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock
  • Sewer/Septic System: Public Hook/Up Avail
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 8100.00
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony
  • Zoning Description: GENERAL RESIDENTIAL
  • In City Limits: Yes

Building Info

  • Building Features: Elevator, Guard System

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5196334
  • Tax Annual Amount: 1768.00
  • Assessor Parcel Number: 334-14.14-7.00-510
  • County Tax Payment Frequency: Annually
  • Close Date: 07/31/2017

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2017
Closed on
Jul 31, 2017
Sold by
Malekzadeh Abdollah and Malek Dana
Bought by
Patrisha Davis Coupe Rev Trust Dated Jun
Seller's Agent
NASI BOLOURCHI
Mann & Sons, Inc.
Buyer's Agent
Bill Cullin
Long & Foster Real Estate, Inc.
List Price
$1,100,000
Sold Price
$1,060,000
Premium/Discount to List
-$40,000
-3.64%
Current Estimated Value
$836,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$224,000
Avg. Annual Appreciation
-2.86%

Purchase Details

Closed on
May 3, 2010
Bought by
Malekzadeh Abdollah and Malekzadeh Dana Malek

Purchase Details

Closed on
Apr 30, 2010
Bought by
Malekzadeh Abdollah and Malekzadeh Dana Malek
Source: Public Records

Range of Values:

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Average Value
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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
Patrisha Davis Coupe Rev Trust Dated Jun $2,120,000 None Available
Malekzadeh Abdollah $900,000 --
Malekzadeh Abdollah $900,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2017 07/31/17 Sold $1,060,000 -3.6% $731 / Sq Ft
07/24/2017 07/24/17 Pending -- -- --
07/24/2017 07/24/17 For Sale $1,100,000 -- $759 / 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 $1,880 $36,950 $0 $36,950
2024 $1,895 $36,950 $0 $36,950
2023 $1,894 $36,950 $0 $36,950
2022 $1,828 $36,950 $0 $36,950
2021 $1,811 $36,950 $0 $36,950
2020 $1,805 $36,950 $0 $36,950
2019 $1,808 $36,950 $0 $36,950
2018 $1,689 $38,450 $0 $0
2017 $1,617 $38,450 $0 $0
2016 $1,536 $38,450 $0 $0
2015 $1,468 $38,450 $0 $0
2014 $1,457 $38,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001031756

Bright MLS

APN: 334-14.14-7.00-510