NOT LISTED FOR SALE

Patrician Towers 8 Olive Ave Unit 102 Rehoboth Beach, DE 19971

Estimated Value: $544,000 - $563,000

-- Bed
1 Bath
600 Sq Ft
653 Sq Ft Lot

Last Sold September 17, 2021

Last sale price $400,000 $667 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,992/month

Highlights

  • Water Oriented
  • Furnished
  • More Than Two Accessible Exits
  • Rehoboth Elementary School Rated A
  • Community Pool
  • Central Air

About This Home

As of December 2023

Short term rental available now until April 30th. Ocean block furnished condo. Less than 1,000 feet to the beach and boardwalk. Park your vehicle in the parking garage and walk to all attractions, stores, and restaurants. This secure building has onsite management, beautiful courtyard with Koi pond, outdoor shower, outdoor bathroom and much more! This location is amazing. This unit is on the 1st floor with absolutely no steps! You can access the condo in the lobby or from the large rear patio without even going into the building. Come see this bright and cheerful condo with open floorplan that has been freshly painted, new LVP flooring, white kitchen cabinets and granite counter tops. There is a living room/ dining room combination and designated bedroom area. The unit has a sliding glass door in the living room and bedroom to a large private patio. There is an elevator in the building that goes to the parking garage and laundry room. Owner is a licensed DE Realtor

Last Agent to Rent the Property

Andy Whitescarve Whitescarver

(302) 242-5557 doverrealestate@aol.com RE/MAX Realty Group Rehoboth Listed on: 11/21/2023

Last Renter's Agent

HEATHER KNOWLES

(410) 726-5629 heather@rentrb.com RE/MAX Realty Group Rehoboth License #0020554

RE/MAX Realty Group Rehoboth

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1970

Lot Details

  • 653

Parking

  • Assigned Parking Garage Space
  • 5 Off-Street Spaces
  • Front Facing Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1 Full Bathroom
  • 600 Sq Ft Home
  • Property has 1 Level
  • Furnished

Accessible Home Design

  • Accessible Elevator Installed
  • More Than Two Accessible Exits

Outdoor Features

  • Water Oriented
  • Property is near an ocean

Location

  • Flood Risk

Utilities

  • Central Air
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $1,200
  • Tenant pays for electricity, cable TV, heat
  • 5-Month Lease Term
  • Available 11/21/23
  • Assessor Parcel Number 334-14.14-31.00-102

Community Details

Overview

  • Low-Rise Condominium
  • Patricain Towers Community

Recreation

Pet Policy

  • No Pets Allowed

Condo Details

Home Type

Condominium

Year Built

Built in 1970

Lot Details

0

Parking

1

Rental Info

  • Date Available: 2023-11-21
  • Furnished: Yes
  • Pets Allowed: No
  • Security Deposit: 1200.00
  • Tenant Pays: Electricity, Cable Tv, Heat
  • Vacation Rental: No
  • Max Lease in Months: 5
  • Min Lease in Months: 5
  • Rent Spree Online Application: No

Listing Details

  • Property Type: Residential Lease
  • 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: 2+ Access Exits, Elevator
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1970
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 1
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 600
  • Living Area Sq Ft: 600
  • Price Per Sq Ft: 2.17
  • Above Grade Finished Sq Ft: 600
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Block
  • Water Access: No
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Off Street, Parking Garage
  • Off Street Parking Spaces: 5
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Zoning: RESIDENTIAL

Tax Info

  • Assessor Parcel Number: 334-14.14-31.00-102

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2021
Closed on
Sep 17, 2021
Sold by
Midatlantica Ira Llc
Bought by
Vargas Anthony R and Whitescarver Andrew G
Seller's Agent
RYAN VARGAS
RE/MAX Realty Group Rehoboth
Buyer's Agent
Andy Whitescarve Whitescarver
RE/MAX Realty Group Rehoboth
List Price
$450,000
Sold Price
$400,000
Premium/Discount to List
-$50,000
-11.11%
Current Estimated Value
$549,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,616
Avg. Annual Appreciation
7.82%
Original Mortgage
$360,000
Outstanding Balance
$327,573
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$222,043

Purchase Details

Listed on
Apr 23, 2019
Closed on
May 29, 2019
Sold by
Ann H Buckley Ret
Bought by
Midatlantic Ira Llc
Seller's Agent
BROWN THAWLEY
Mann & Sons, Inc.
Buyer's Agent
RYAN VARGAS
RE/MAX Realty Group Rehoboth
List Price
$315,900
Sold Price
$315,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.81%

Purchase Details

Closed on
Apr 8, 1999
Bought by
Buckley James G (Trustee) Ann H Buckley
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Vargas Anthony R $400,000 None Available
Midatlantic Ira Llc $315,900 --
Buckley James G (Trustee) Ann H Buckley $112,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vargas Anthony R $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/28/2023 12/28/23 Rented $1,300 0.0% --
11/21/2023 11/21/23 Price Changed $1,300 +8.3% $2 / Sq Ft
11/21/2023 11/21/23 For Rent $1,200 +9.1% --
10/21/2022 10/21/22 Rented $1,100 0.0% --
10/07/2022 10/07/22 Price Changed $1,100 -26.7% $1 / Sq Ft
09/07/2022 09/07/22 For Rent $1,500 0.0% --
09/17/2021 09/17/21 Sold $400,000 -11.1% -- View Prior Sale
07/30/2021 07/30/21 Pending -- -- --
06/26/2021 06/26/21 For Sale $450,000 +42.5% --
05/31/2019 05/31/19 Sold $315,900 0.0% -- View Prior Sale
05/03/2019 05/03/19 Pending -- -- --
04/23/2019 04/23/19 For Sale $315,900 -- --
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 $1,209 $10,750 $0 $10,750
2024 $530 $10,750 $0 $10,750
2023 $529 $10,750 $0 $10,750
2022 $511 $10,750 $0 $10,750
2021 $506 $10,750 $0 $10,750
2020 $505 $10,750 $0 $10,750
2019 $505 $10,750 $0 $10,750
2018 $472 $10,750 $0 $0
2017 $452 $10,750 $0 $0
2016 $429 $10,750 $0 $0
2015 $410 $10,750 $0 $0
2014 $407 $10,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Lauren Price

    RE/MAX

    Section Image
  • RYAN VARGAS

    Seller's Agent in 2021

    RYAN VARGAS

    RE/MAX

    (302) 535-5312

    8 in this area

    37 Total Sales

    RYAN VARGAS
    Section Image

  • B

    Seller's Agent in 2019

    BROWN THAWLEY

    Mann & Sons, Inc.

    Section Image
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About Patrician Towers

Map

Source: Bright MLS

MLS Number: DESU2052158

Bright MLS

APN: 334-14.14-31.00-102

Delaware Sussex County Rehoboth Beach 19971

8 Olive Ave Unit 102, Rehoboth Beach, DE

Not Listed for Sale

Condos

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