NOT LISTED FOR SALE

7 Maryland Ave Unit 1W Rehoboth Beach, DE 19971

Estimated Value: $499,000 - $967,000

3 Beds
2 Baths
-- Sq Ft
1,002 Sq Ft Lot

Last Sold April 07, 2017

Last sale price $565,000

Est. 41% increase in value since last sale

Current estimated payment $4,344/month

Highlights

  • Ocean View
  • Victorian Architecture
  • Furnished
  • Rehoboth Elementary School Rated A
  • Attic
  • Combination Kitchen and Living

About This Home

As of April 2017

Just steps to the Boardwalk! The location can't be beat. new laminate floors in living area. Small complex of only 5 units, low condo fees and 2 assigned parking spaces. Park your car and walk all of downtown. Limited ocean views. Great rental history, or use it yourself. 1st floor unit, all one level. This is the perfect beach home or investment property.

Last Agent to Sell the Property

Allen Jarmon

(302) 745-5122 ajarmon113@gmail.com NextHome Tomorrow Realty License #RA-0002913 Listed on: 05/02/2015

NextHome Tomorrow Realty

Last Buyer's Agent

Lee Ann Wilkinson

(302) 278-6726 leeann@leeanngroup.com Berkshire Hathaway HomeServices PenFed Realty License #RA-0002064

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,368

Lot Details

  • Cleared Lot

Home Design

  • Victorian Architecture
  • Entry on the 1st floor
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Stick Built Home
  • Cedar

Interior Spaces

  • Property has 1 Level
  • Furnished
  • Insulated Windows
  • Window Screens
  • Insulated Doors
  • Combination Kitchen and Living
  • Dining Room
  • Ocean Views
  • Crawl Space
  • Stacked Washer and Dryer
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

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

Parking

  • Stone Driveway
  • Off-Street Parking
  • Assigned Parking

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • Property has a Home Owners Association
  • Low-Rise Condominium
  • North Rehoboth Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-40.00-1W

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,368

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Victorian
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Remarks Public: Just steps to the Boardwalk! The location can't be beat. new laminate floors in living area. Small complex of only 5 units, low condo fees and 2 assigned parking spaces. Park your car and walk all of downtown. Limited ocean views. Great rental history, or use it yourself. 1st floor unit, all one level. This is the perfect beach home or investment property.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 1
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Attic, Breakfast Area, Combination Kitchen/Living, Entry Level Bedroom
  • Window Features: Insulated, Screens
  • Fireplace: No
  • Door Features: Insulated
  • Foundation Details: Block, Crawl Space
  • Floors In Unit Count: 1
  • Level Count: 1
  • Levels Count: 1
  • Room Count: 6
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Additional Bedroom
  • Basement: No
  • Street Number Modifier: 7

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Construction Materials: Stick Built, Cedar
  • Construction Completed: Yes
  • Roof: Shingle, Asphalt
  • View: Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Assigned, Stone Driveway
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Heat Pump(s)
  • 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: 2640.00
  • HOA Condo Co-Op Amenities: Reserved/Assigned Parking
  • HOA: No

Schools

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

Lot Info

  • Lot Features: Cleared
  • Lot Dimensions: 50 x 100

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 25000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5196223
  • Assessor Parcel Number: 334-14.14-40.00-1W
  • County Tax Payment Frequency: Annually
  • Close Date: 04/07/2017

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2015
Closed on
Apr 7, 2017
Sold by
Azzara Carol A and Azzara Louis J
Bought by
Plaschke Jean O and Plaschke John M
Seller's Agent
Allen Jarmon
NextHome Tomorrow Realty
Buyer's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
List Price
$675,000
Sold Price
$565,000
Premium/Discount to List
-$110,000
-16.3%
Current Estimated Value
$797,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,818
Avg. Annual Appreciation
4.15%
Original Mortgage
$423,750
Outstanding Balance
$352,624
Interest Rate
4.21%
Mortgage Type
New Conventional
Estimated Equity
$445,194

Purchase Details

Closed on
Sep 28, 2000
Bought by
Azzara Louis J Carol A Azzara
Source: Public Records

Range of Values:

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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
Plaschke Jean O $565,000 None Available
Azzara Louis J Carol A Azzara $305,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Plaschke Jean O $423,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2017 04/07/17 Sold $565,000 -16.3% --
02/08/2017 02/08/17 Pending -- -- --
05/02/2015 05/02/15 For Sale $675,000 -- --
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 $1,368 $4,350 $0 $4,350
2024 $350 $4,350 $0 $4,350
2023 $350 $4,350 $0 $4,350
2022 $337 $4,350 $0 $4,350
2021 $334 $4,350 $0 $4,350
2020 $333 $4,350 $0 $4,350
2019 $334 $4,350 $0 $4,350
2018 $312 $7,100 $0 $0
2017 $299 $7,100 $0 $0
2016 $284 $7,100 $0 $0
2015 $271 $7,100 $0 $0
2014 $269 $7,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Allen Jarmon

    Seller's Agent in 2017

    Allen Jarmon

    NextHome Tomorrow Realty

    (302) 745-5122

    34 in this area

    75 Total Sales

    Allen Jarmon
    Section Image
  • Lee Ann Wilkinson

    Buyer's Agent in 2017

    Lee Ann Wilkinson

    BHHS PenFed (actual)

    (302) 278-6726

    221 in this area

    1,886 Total Sales

    Lee Ann Wilkinson
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001005830

Bright MLS

APN: 334-14.14-40.00-1W

Delaware Sussex County Rehoboth Beach 19971

7 Maryland Ave Unit 1W, Rehoboth Beach, DE

This home is located at 7 Maryland Ave Unit 1W, Rehoboth Beach, DE 19971 since 02 May 2015 and is currently estimated at $797,818. 7 Maryland Ave Unit 1W 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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