Seller's Agent in 2024
Shaun Tull
Jack Lingo - Rehoboth
(302) 226-6417
176 in this area
275 Total Sales
59 Maryland Ave Unit 303 Rehoboth Beach, DE 19971
Estimated Value: $571,022 - $788,000
1
Bed
1
Bath
600
Sq Ft
$438/mo
HOA Fee
Highlights
- Open Floorplan
- Wood Flooring
- Combination Kitchen and Living
- Rehoboth Elementary School Rated A
- Corner Lot
- 4-minute walk to Dune Nature Park
About This Home
As of May 2024Welcome to your charming coastal retreat in the heart of downtown Rehoboth Beach! This delightful 1-bedroom, 1-bathroom condo offers low maintenance living at its finest. Gerar Place is a desirable building that blends convenience and seaside living. The prime location features easy access to the beach, boutique shopping, renowned restaurants, and all the attractions that this vibrant resort town has to offer. The condo boasts an inviting and comfortable living space with hardwood floors, cheerful paint colors, and plantation shutters. This space flows to the well–appointed kitchen, complete with granite counters, ample cabinet space and a breakfast bar. Step outside onto your private balcony and soak in the ocean breezes, truly the ideal spot for your morning coffee. The spacious bedroom provides a peaceful retreat after a day of sun and surf with plenty of closet space for storage and the adjacent bathroom includes a tub/shower combo and stylish vanity. The perfect getaway in Rehoboth Beach! The building is well maintained and underwent major improvements in 2022. Condo owners enjoy elevator access, an assigned parking space, a storage closet ideal for beach toys, and a secured entry. Whether you are looking for a weekend getaway or a year-round residence, this condo offers the quintessential beach lifestyle you’ve been dreaming of!
Last Agent to Sell the Property
(302) 226-6417 shaun@rbre.com Jack Lingo - Rehoboth License #RS-0016284 Listed on: 04/12/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $878
Year Built
- Built in 1974 | Remodeled in 2022
Lot Details
- Two or More Common Walls
- Downtown Location
- Extensive Hardscape
- Cleared Lot
- Property is in very good condition
HOA Fees
- $438 Monthly HOA Fees
Home Design
- Entry on the 3rd floor
- Flat Roof Shape
- Block Foundation
- Vinyl Siding
Interior Spaces
- 600 Sq Ft Home
- Property has 4 Levels
- Open Floorplan
- Recessed Lighting
- Window Treatments
- Sliding Doors
- Insulated Doors
- Family Room Off Kitchen
- Combination Kitchen and Living
Kitchen
- Eat-In Kitchen
- Electric Oven or Range
- Microwave
- Ice Maker
- Dishwasher
- Stainless Steel Appliances
- Upgraded Countertops
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- 1 Full Bathroom
- Bathtub with Shower
Home Security
Parking
- 1 Off-Street Space
- Assigned parking located at #303
- 1 Assigned Parking Space
Accessible Home Design
- Accessible Elevator Installed
- No Interior Steps
Outdoor Features
- Balcony
- Exterior Lighting
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
- Assessor Parcel Number 334-14.13-388.00-303C
Community Details
Overview
- $3,495 Capital Contribution Fee
- Association fees include all ground fee, common area maintenance, exterior building maintenance, insurance, management, reserve funds, trash, water
- $225 Other One-Time Fees
- 17 Units
- Low-Rise Condominium
- Gerar Place Condominium Association Condos
- Gerar Place Community
- North Rehoboth Subdivision
- Property Manager
Amenities
- Common Area
- Laundry Facilities
- 1 Elevator
- Community Storage Space
Pet Policy
- Dogs and Cats Allowed
Security
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 12, 2024
Closed on
May 17, 2024
Sold by
Holter Jennifer and Seper Scott
Bought by
Gulick Peter L and Stone Lisa J
Seller's Agent
Shaun Tull
Jack Lingo - Rehoboth
Buyer's Agent
Bryce Lingo
Jack Lingo - Rehoboth
List Price
$699,000
Sold Price
$671,625
Premium/Discount to List
-$27,375
-3.92%
Views
63
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,131
Avg. Annual Appreciation
0.35%
Original Mortgage
$167,906
Outstanding Balance
$165,648
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$509,108
Purchase Details
Listed on
May 19, 2016
Closed on
Aug 19, 2016
Sold by
Kablaoui Edward S and Kablaoui Nancy K
Bought by
Holter Jennifer and Seper Scott
Seller's Agent
Vicki Tull
Long & Foster Real Estate, Inc.
Buyer's Agent
Bryce Lingo
Jack Lingo - Rehoboth
List Price
$429,000
Sold Price
$415,000
Premium/Discount to List
-$14,000
-3.26%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%
Purchase Details
Listed on
May 19, 2016
Closed on
Aug 12, 2016
Sold by
Kablaoui Edward S and Kablaoui Nancy K
Bought by
Holter Jennifer and Seper Scott
Seller's Agent
Vicki Tull
Long & Foster Real Estate, Inc.
Buyer's Agent
Bryce Lingo
Jack Lingo - Rehoboth
List Price
$429,000
Sold Price
$415,000
Premium/Discount to List
-$14,000
-3.26%
Purchase Details
Closed on
Dec 19, 2011
Sold by
James E James E
Bought by
Kablaoui Edward S and Kablaoui Nancy K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
4%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gulick Peter L | $671,625 | None Listed On Document | |
| Holter Jennifer | $415,000 | None Available | |
| Holter Jennifer | $415,000 | None Available | |
| Kablaoui Edward S | $350,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gulick Peter L | $167,906 | |
| Previous Owner | Kablaoui Edward S | $262,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2024 05/23/24 | Sold | $671,625 | -3.9% | $1,119 / Sq Ft |
| 04/16/2024 04/16/24 | Pending | -- | -- | -- |
| 04/12/2024 04/12/24 | For Sale | $699,000 | +68.4% | $1,165 / Sq Ft |
| 08/18/2016 08/18/16 | Sold | $415,000 | -3.3% | $692 / Sq Ft |
| 07/08/2016 07/08/16 | Pending | -- | -- | -- |
| 05/19/2016 05/19/16 | For Sale | $429,000 | -- | $715 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,247 | $14,900 | $0 | $14,900 |
| 2024 | $801 | $14,900 | $0 | $14,900 |
| 2023 | $800 | $14,900 | $0 | $14,900 |
| 2022 | $772 | $14,900 | $0 | $14,900 |
| 2021 | $765 | $14,900 | $0 | $14,900 |
| 2020 | $763 | $14,900 | $0 | $14,900 |
| 2019 | $764 | $14,900 | $0 | $14,900 |
| 2018 | $714 | $16,250 | $0 | $0 |
| 2017 | $683 | $16,250 | $0 | $0 |
| 2016 | $649 | $16,250 | $0 | $0 |
| 2015 | $620 | $16,250 | $0 | $0 |
| 2014 | $616 | $16,250 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Shaun Tull
-
Bryce Lingo
Seller Co-Listing Agent in 2024
Bryce Lingo
Jack Lingo - Rehoboth
(302) 226-6417
184 in this area
345 Total Sales
-
V
Seller's Agent in 2016
Vicki Tull
Long & Foster
Map
Source: Bright MLS
MLS Number: DESU2059144
APN: 334-14.13-388.00-303C
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