NOT LISTED FOR SALE

7 Maryland Ave Unit 2W Rehoboth Beach, DE 19971

Estimated Value: $736,000 - $1,020,000

3 Beds
2 Baths
-- Sq Ft
$200/mo HOA Fee

Last Sold May 31, 2013

Last sale price $500,000

Est. 84% increase in value since last sale

Current estimated payment $5,201/month

Highlights

  • Ocean View
  • Contemporary Architecture
  • Breakfast Area or Nook
  • Rehoboth Elementary School Rated A
  • Furnished
  • Outdoor Shower

About This Home

As of May 2013

JUST STEPS TO THE BOARDWALK AND ALL OF DOWNTOWN REHOBOTH BEACH FOR THE BEST IN DINNING AND BEACH SHOPPING. THERE ARE TWO ASSIGNED OFF STREET PARKING SPACES AND A STRONG RENTAL INCOME.

Last Agent to Sell the Property

Sherry Ternahan

(302) 745-2273 sternahan@gmail.com Crowley Associates Realty License #RB-0003229 Listed on: 01/23/2012

Last Buyer's Agent

Allen Jarmon

(302) 745-5122 ajarmon113@gmail.com NextHome Tomorrow Realty License #RA-0002913

NextHome Tomorrow Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $383

Lot Details

  • Partially Fenced Property

HOA Fees

  • $200 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 2nd floor
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • Property has 1 Level
  • Furnished
  • Insulated Windows
  • Insulated Doors
  • Ocean Views

Kitchen

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

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • Gravel Driveway
  • Shared Driveway
  • Off-Site Parking
  • Assigned Parking

Outdoor Features

  • Outdoor Shower
  • Rip-Rap

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • Low-Rise Condominium
  • Surfside Seven Community
  • North Rehoboth Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-40.00-2W

Property Details

Home Type

Condominium

Est. Annual Taxes

$383

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Remarks Public: JUST STEPS TO THE BOARDWALK AND ALL OF DOWNTOWN REHOBOTH BEACH FOR THE BEST IN DINNING AND BEACH SHOPPING. THERE ARE TWO ASSIGNED OFF STREET PARKING SPACES AND A STRONG RENTAL INCOME.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Dryer - Electric, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Washer, Water Heater
  • Entry Floor: 2
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Breakfast Area
  • Window Features: Insulated
  • Fireplace: No
  • Door Features: Insulated
  • Foundation Details: Block
  • Level Count: 1
  • Levels Count: 1
  • Basement: No
  • Street Number Modifier: 7

Beds/Baths

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

Exterior Features

  • Construction Materials: Stick Built, Wood Siding
  • Construction Completed: Yes
  • Exterior Features: Outside Shower
  • 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, Shared Driveway, Gravel Driveway
  • Type Of Parking: Off Site

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 Sewer Expenses: 125.00
  • Water Source: Private

Condo/Co-op/Association

  • HOA Fees: 2400.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • HOA Condo Co-Op Amenities: Reserved/Assigned Parking
  • HOA: Yes

Schools

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

Lot Info

  • Fencing: Partially
  • Lot Features: Rip-Rapped
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 26500.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5196225
  • Tax Annual Amount: 383.00
  • Assessor Parcel Number: 334-14.14-40.00-2W
  • County Tax Payment Frequency: Annually
  • Close Date: 05/31/2013

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2024
Sold by
Forrest Andrew M and Forrest Dana P
Bought by
Forrest Family Trust and Forrest
Current Estimated Value
$921,693

Purchase Details

Listed on
Jan 23, 2012
Closed on
May 15, 2013
Sold by
Mcdaniel Joseph S and Mcdaniel Carey C
Bought by
Forrest Andrew M and Forrest Dana P
Seller's Agent
Sherry Ternahan
Crowley Associates Realty
Buyer's Agent
Allen Jarmon
NextHome Tomorrow Realty
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.08%
Original Mortgage
$350,000
Interest Rate
3.39%
Source: Public Records

Range of Values:

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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
Forrest Family Trust -- None Listed On Document
Forrest Andrew M $500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Forrest Andrew M $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2013 05/31/13 Sold $500,000 0.0% --
04/15/2013 04/15/13 Pending -- -- --
01/23/2012 01/23/12 For Sale $500,000 -- --
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

  • Sherry Ternahan

    Seller's Agent in 2013

    Sherry Ternahan

    Crowley Associates Realty

    (302) 745-2273

    5 in this area

    11 Total Sales

    Sherry Ternahan
    Section Image
  • Allen Jarmon

    Buyer's Agent in 2013

    Allen Jarmon

    NextHome Tomorrow Realty

    (302) 745-5122

    34 in this area

    75 Total Sales

    Allen Jarmon
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000963638

Bright MLS

APN: 334-14.14-40.00-2W

Delaware Sussex County Rehoboth Beach 19971

7 Maryland Ave Unit 2W, Rehoboth Beach, DE

This home is located at 7 Maryland Ave Unit 2W, Rehoboth Beach, DE 19971 since 23 January 2012 and is currently estimated at $921,693. 7 Maryland Ave Unit 2W 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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