NOT LISTED FOR SALE

59 Maryland Ave Unit 202B Rehoboth Beach, DE 19971

2 Beds
1.5 Baths
1,125 Sq Ft
$520/mo HOA Fee

Last Sold October 28, 2022

Last sale price $739,900 $658 Per Sq Ft

Highlights

  • Furnished
  • Elevator
  • Laundry Facilities
  • Rehoboth Elementary School Rated A
  • Balcony
  • 4-minute walk to Dune Nature Park

About This Home

As of October 2022

Rarely does a condo come available in Rehoboth Beach that is perfect for someone looking for a primary residence, vacation home, or an investment property. This unit offers a spacious kitchen and great room perfect for entertaining or everyday living. The home boasts brand new luxury vinyl plank flooring throughout and custom plantation shutters. The private balcony is a wonderful quiet respite to enjoy your morning coffee or evening cocktail. The Gerar building and this condo’s primary bedroom overlooks Lake Gerar and the park. Located just two blocks off the beach you can walk to the boardwalk, the town’s amazing restaurants, unique shops, and other attractions in mere minutes. The condo building was recently resided, and all windows replaced. Each unit is assigned one dedicated parking space. This beautiful unit is being sold furnished to make it an easy turnkey rental unit or vacation home.

Last Listed By

Joseph Sterner

McWilliams/Ballard, Inc. License #RS-0025129 Listed on: 09/25/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,125

Year Built

  • Built in 1974 | Remodeled in 2022

HOA Fees

  • $520 Monthly HOA Fees

Interior Spaces

  • 1,125 Sq Ft Home
  • Property has 1 Level
  • Furnished

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Lot

Outdoor Features

  • Balcony

Utilities

  • Air Source Heat Pump
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.13-388.00-202B

Community Details

Overview

  • Association fees include trash, common area maintenance, lawn maintenance, water, reserve funds
  • Low-Rise Condominium
  • Premier Property Management Condos, Phone Number (302) 644-2752
  • Gerar Place Community

Amenities

  • Laundry Facilities
  • Elevator
  • Community Storage Space

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,125

Year Built

Built in 1974 | Remodeled in 2022

Lot Details

0

HOA Fees

$520 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
  • Ownership: Condominium
  • Exclusions: Dining table and chairs, tv stand and contents, blue armoire and contents - candles and candleholder on armoire, owners closet content, miele vaccuum, print behind dining table, blankets in end tables in living room, whale behind LR tv, small print in kit
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-09-26
  • Federal Flood Zone: No
  • Year Built: 1974
  • Year Renovated: 2022
  • Automatically Close On Close Date: No
  • Remarks Public: Rarely does a condo come available in Rehoboth Beach that is perfect for someone looking for a primary residence, vacation home, or an investment property. This unit offers a spacious kitchen and great room perfect for entertaining or everyday living. The home boasts brand new luxury vinyl plank flooring throughout and custom plantation shutters. The private balcony is a wonderful quiet respite to enjoy your morning coffee or evening cocktail. The Gerar building and this condo’s primary bedroom overlooks Lake Gerar and the park. Located just two blocks off the beach you can walk to the boardwalk, the town’s amazing restaurants, unique shops, and other attractions in mere minutes. The condo building was recently resided, and all windows replaced. Each unit is assigned one dedicated parking space. This beautiful unit is being sold furnished to make it an easy turnkey rental unit or vacation home.
  • Washer Dryer Hookups YN: No
  • Special Features: NewHome
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 2
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Common
  • Total Sq Ft: 1125
  • Living Area Sq Ft: 1125
  • Price Per Sq Ft: 657.69
  • Above Grade Finished Sq Ft: 1125
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 59

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 520.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Premier Property Management
  • Condo Co-Op Phone: 302.644.2752
  • HOA Condo Co-Op Amenities: Elevator, Storage Bin, Laundry Facilities
  • HOA Condo Co-Op Fee Includes: Trash, Common Area Maintenance, Lawn Maintenance, Water, Reserve Funds
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • 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
  • Outdoor Living Structures: Balcony
  • Year Assessed: 2022
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 40000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 10187720
  • School Tax: 851.00
  • Tax Annual Amount: 1125.00
  • Assessor Parcel Number: 334-14.13-388.00-202B
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 10/28/2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $739,900 0.0% $658 / Sq Ft
09/26/2022 09/26/22 Pending -- -- --
09/25/2022 09/25/22 For Sale $739,900 +38.3% $658 / Sq Ft
03/12/2021 03/12/21 Sold $535,000 0.0% $486 / Sq Ft
02/09/2021 02/09/21 For Sale $535,000 -- $486 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2029622

Bright MLS