Patrician Towers 8 Olive Ave Unit 102 Rehoboth Beach, DE 19971
--
Bed
1
Bath
--
Sq Ft
$400/mo
HOA Fee
Highlights
- 0.48 Acre Lot
- Furnished
- Assigned Subterranean Space
- Rehoboth Elementary School Rated A
- Community Pool
- Front Desk in Lobby
About This Home
As of September 2021Opportunity is knocking. Lowest priced property in town. This furnished first floor unit has been completely
remodeled and features a large patio with gated access to the street. The condo features an open floor plan, white cabinets. granite counters, luxury vinyl plank flooring, new bathroom , and freshly painted. The bedroom area has a built in expandable room petition . The condo comes with a gated garage parking
for 1 car. This is everything you need for a weekend get a way or a Summertime rental machine. Weekly rentals are allowed.. This property has an elevator to the 7 th floor roof top patio with pool. From the roof top you can experience amazing unobstructed views of the boardwalk. Beach, and ocean. View all of downtown Rehoboth from you own roof top. Once in a lifetime opportunity. No showings until Sunday June 27.
Last Agent to Sell the Property
RE/MAX Realty Group Rehoboth License #RS-0024032 Listed on: 06/26/2021
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $666
Year Renovated
- 2019
HOA Fees
- $400 Monthly HOA Fees
Parking
- Assigned Subterranean Space
- On-Street Parking
- Parking Space Conveys
- Unassigned Parking
- Secure Parking
Interior Spaces
- 1 Full Bathroom
- Property has 1 Level
- Furnished
- Sliding Doors
- Atrium Doors
Utilities
- Forced Air Heating System
- Geothermal Heating and Cooling
- Electric Water Heater
Additional Features
- Property is in excellent condition
- Flood Risk
Listing and Financial Details
- Property is used as a vacation rental
- Assessor Parcel Number 334-14.14-31.00-102
Community Details
Overview
- Mid-Rise Condominium
- Patrican Towers Condos
- Patrician Towers Community
- North Rehoboth Subdivision
- Property Manager
Recreation
Pet Policy
- Pet Size Limit
- Dogs and Cats Allowed
Additional Features
- Laundry Facilities
- Front Desk in Lobby
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%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.29%
Original Mortgage
$360,000
Outstanding Balance
$331,828
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$209,545
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
Similar Homes in Rehoboth Beach, DE
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $400,000 | None Available | |
| Deed | $315,900 | -- | |
| Deed | $112,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $360,000 | Stand Alone Refi Refinance Of Original Loan |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/09/2025 07/09/25 | For Sale | $525,000 | +1.0% | -- |
| 06/23/2025 06/23/25 | Price Changed | $519,900 | -1.0% | -- |
| 06/18/2025 06/18/25 | Price Changed | $525,000 | -0.9% | -- |
| 06/12/2025 06/12/25 | Price Changed | $529,900 | -1.9% | -- |
| 05/29/2025 05/29/25 | Price Changed | $539,900 | -1.8% | -- |
| 05/16/2025 05/16/25 | For Sale | $550,000 | 0.0% | -- |
| 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% | -- |
| 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% | -- |
| 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
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 |
|---|---|---|---|---|
| 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
-
Andy Whitescarve Whitescarver
Seller's Agent in 2025
Andy Whitescarve Whitescarver
RE/MAX
(302) 242-5557
27 in this area
190 Total Sales
-
RYAN VARGAS
Seller Co-Listing Agent in 2025
RYAN VARGAS
RE/MAX
(302) 535-5312
6 in this area
43 Total Sales
-
HEATHER KNOWLES
H
Buyer's Agent in 2023
HEATHER KNOWLES
RE/MAX
(410) 726-5629
-
L
Seller's Agent in 2022
Lauren Price
RE/MAX
-
B
Seller's Agent in 2019
BROWN THAWLEY
Mann & Sons, Inc.
About Patrician Towers
Map
Source: Bright MLS
MLS Number: DESU2000594
APN: 334-14.14-31.00-102
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