NOT LISTED FOR SALE

59 Maryland Ave Unit 401A Rehoboth Beach, DE 19971

1 Bed
1 Bath
-- Sq Ft
$438/mo HOA Fee

Last Sold January 29, 2024

Last sale price $675,000

4 Days on Market

Highlights

  • 23 Feet of Waterfront
  • Water Oriented
  • Main Floor Bedroom
  • Rehoboth Elementary School Rated A
  • Lake View
  • 4-minute walk to Dune Nature Park

About This Home

As of January 2024

A Rare opportunity in downtown Rehoboth. This one bedroom, in the much desired Gerar Place building, is on the top floor over looking Lake Gerar from the living room and bedroom. The dining area over looks the landscaped park to the west. This unit has fabulous views that are rarely seen in town. Featuring an upgraded kitchen & fully tiled redone bath & tile floors throughout. This is the perfect get away . Park your car and walk two blocks to the beach or two blocks to downtown. This unit has been well maintained.

Building exterior siding, insulation wrap and windows were replaced in 2022. The slider in this unit was replaced in 2022.
The building has a large clean , neat, bright, laundry room. There is a beach storage unit & an Assigned Parking space. The condo fee covers not only building & yard maintenance, but also water, sewer, trash and hot water. If you are looking for serenity with access that all Rehoboth has to offer- look no further! Make this your special spot!

Last Agent to Sell the Property

Allison Bateman

(302) 226-6616 allison@jacklingo.com Jack Lingo - Rehoboth License #RA-0001921 Listed on: 12/13/2023

Jack Lingo - Rehoboth

Co-Listed By

Rick Monkman

(302) 226-6658 monk0388@aol.com Jack Lingo - Rehoboth License #RS-0016097

Last Buyer's Agent

Michael Reamy

(202) 236-3229 michael.reamy@oasir.net Monument Sotheby's International Realty License #RS-0024767

Monument Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $996

Year Built

  • Built in 1975 | Remodeled in 2022

Lot Details

  • 23 Feet of Waterfront
  • Two or More Common Walls
  • West Facing Home
  • Property is in very good condition

HOA Fees

  • $438 Monthly HOA Fees

Home Design

  • Entry on the 4th floor

Interior Spaces

  • Property has 4 Levels
  • Partially Furnished
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room
  • Tile or Brick Flooring
  • Lake Views
  • Non-Monitored Security
  • Laundry on main level

Kitchen

  • Galley Kitchen
  • Stove
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom
  • Walk-in Shower

Parking

  • Assigned parking located at #401
  • Private Parking
  • Lighted Parking
  • Paved Parking
  • Parking Lot
  • Off-Street Parking
  • 1 Assigned Parking Space

Accessible Home Design

  • Accessible Elevator Installed
  • No Interior Steps

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property is near a lake
  • Waterfront Park
  • Balcony
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 334-14.13-388.00-401A

Community Details

Overview

  • $3,499 Capital Contribution Fee
  • Association fees include common area maintenance, insurance, lawn care front, lawn care rear, lawn care side, management, trash, water, sewer
  • 17 Units
  • Low-Rise Condominium
  • Gerar Place Condos
  • Gerar Place Community
  • Rehoboth Beach Subdivision
  • Property Manager

Amenities

  • Laundry Facilities
  • Community Storage Space
  • 1 Elevator

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$996

Year Built

Built in 1975 | Remodeled in 2022

Lot Details

0

HOA Fees

$438 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: Elevator, No Stairs
  • Ownership: Condominium
  • Exclusions: Seller to provide list of exclusions, to include artwork, dining room set, futon , mattress,and cushion, gray side table and square coffee table in living room.
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-12-13
  • Federal Flood Zone: No
  • Year Built: 1975
  • Year Renovated: 2022
  • Assigned Parking Space Numbers: 401
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: A Rare opportunity in downtown Rehoboth. This one bedroom, in the much desired Gerar Place building, is on the top floor over looking Lake Gerar from the living room and bedroom. The dining area over looks the landscaped park to the west. This unit has fabulous views that are rarely seen in town. Featuring an upgraded kitchen & fully tiled redone bath & tile floors throughout. This is the perfect get away . Park your car and walk two blocks to the beach or two blocks to downtown. This unit has been well maintained. Building exterior siding, insulation wrap and windows were replaced in 2022. The slider in this unit was replaced in 2022. The building has a large clean , neat, bright, laundry room. There is a beach storage unit & an Assigned Parking space. The condo fee covers not only building & yard maintenance, but also water, sewer, trash and hot water. If you are looking for serenity with access that all Rehoboth has to offer- look no further! Make this your special spot!
  • Washer Dryer Hookups YN: No
  • Special Features: NewHome
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Refrigerator, Stove
  • Entry Floor: 4
  • Flooring Type: Tile/Brick
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Elevator, Entry Level Bedroom, Kitchen - Galley, Bathroom - Stall Shower, Window Treatments
  • Window Features: Energy Efficient
  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Elevators Count: 1
  • Floors In Unit Count: 1
  • Levels Count: 4
  • Room Count: 4
  • Basement: No
  • Laundry Type: Common, Main Floor
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 59

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Exterior Features: Exterior Lighting, Outside Shower, Secure Storage, Street Lights
  • Road Surface Type: Black Top
  • Spa: No
  • View: Lake
  • Water Access: No
  • Water Body Name: Lake Gerar
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes
  • Water Frontage In Feet: 23

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned, Lighted Parking, Paved Driveway, Paved Parking, Private
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot, Off Street
  • Parking Lot Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Security: Main Entrance Lock, Non-Monitored
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1313.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Gerar Place
  • HOA Condo Co-Op Amenities: Elevator, Extra Storage, Laundry Facilities, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Management, Trash, Water, Sewer
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Capital Contribution Fee: 3499.00

Schools

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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Land Use Code: 999
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: TN
  • In City Limits: Yes

Rental Info

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

Tax Info

  • School Tax: 773.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 996.00
  • Assessor Parcel Number: 334-14.13-388.00-401A
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 01/29/2024

Multi Family

  • Waterfront Features: Park

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
01/29/2024 01/29/24 Sold $675,000 -3.6% --
12/18/2023 12/18/23 Pending -- -- --
12/13/2023 12/13/23 For Sale $699,900 +71.5% --
11/02/2018 11/02/18 Sold $408,000 -4.0% $544 / Sq Ft
09/24/2018 09/24/18 Pending -- -- --
07/02/2018 07/02/18 For Sale $424,900 +4.1% $567 / Sq Ft
07/01/2018 07/01/18 Off Market $408,000 -- --
05/23/2018 05/23/18 Price Changed $424,900 -6.6% $567 / Sq Ft
04/05/2016 04/05/16 For Sale $455,000 -- $607 / 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: DESU2052874

Bright MLS