NOT LISTED FOR SALE

Patrician Towers 8 Olive Ave Unit 107 Rehoboth Beach, DE 19971

Estimated Value: $846,000 - $1,122,000

2 Beds
1 Bath
750 Sq Ft
653 Sq Ft Lot

Last Sold November 09, 2012

Last sale price $457,500 $610 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $5,140/month

Highlights

  • In Ground Pool
  • Furnished
  • Elevator
  • Rehoboth Elementary School Rated A
  • Breakfast Area or Nook
  • Patio

About This Home

As of November 2012

Best Priced 2 bedroom Ocean Block condo just steps to the ocean featuring new kitchen with granite counters, new appliances, tile floors, spacious ground level patio, handsome new sliding doors, roof top pool and underground parking. Past rental history.

Last Agent to Sell the Property

DEBBIE REED

(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 03/01/2012

RE/MAX Realty Group Rehoboth

Co-Listed By

Cyndi Marsh

(302) 363-5734 cyndi@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0016264

Last Buyer's Agent

Doug Bartsch

(302) 399-5811 doug.bartsch@foxroach.com BERKSHIRE HATHAWAY H.S. FOX & ROACH

BERKSHIRE HATHAWAY H.S. FOX & ROACH

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $928

Year Built

  • Built in 1970

Lot Details

  • 653

Parking

  • Assigned Parking

Home Design

  • Entry on the 1st floor
  • Flat Roof Shape
  • Block Foundation
  • Concrete Roof
  • Brick Front
  • Masonry
  • Stucco

Interior Spaces

  • 750 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Combination Kitchen and Dining Room
  • Tile or Brick Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 1 Full Bathroom

Outdoor Features

  • In Ground Pool
  • Patio

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-31.00-107

Community Details

Overview

  • Property has a Home Owners Association
  • Low-Rise Condominium
  • Patrician Towers Community

Recreation

Additional Features

  • Elevator
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$928

Year Built

Built in 1970

Lot Details

0

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
  • Ownership: Condominium
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Icemaker, Refrigerator, Microwave, Oven/Range - Electric
  • Entry Floor: 1
  • Flooring Type: Tile/Brick
  • Interior Amenities: Breakfast Area, Combination Kitchen/Dining, Ceiling Fan(s), Window Treatments
  • Fireplace: No
  • Foundation Details: Block
  • Floors In Unit Count: 1
  • Level Count: 1
  • Levels Count: 1
  • Room Count: 5
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 750
  • Living Area Sq Ft: 750
  • Net Sq Ft: 750.00
  • Price Per Sq Ft: 625.33
  • Above Grade Finished Sq Ft: 750
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Brick Front, Stucco
  • Construction Completed: Yes
  • Pool Features: In Ground
  • Roof: Concrete, Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal, Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Assigned, Under Home Parking

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 6589.00
  • HOA Condo Co-Op Amenities: Elevator, Reserved/Assigned Parking, Pool - Outdoor, Swimming Pool, Security
  • HOA: No

Schools

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

Lot Info

  • Outdoor Living Structures: Patio(s)
  • In City Limits: Yes

Building Info

  • Building Features: Elevator

Rental Info

  • Furnished: Yes
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5196169
  • Tax Annual Amount: 928.00
  • Assessor Parcel Number: 334-14.14-31.00-107
  • County Tax Payment Frequency: Annually
  • Close Date: 11/09/2012

Multi Family

  • Income Expense List: Total Tax Bill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2012
Closed on
Nov 30, 2012
Sold by
Demarco John Peter and Demarco Beth Anne
Bought by
Nichols Eric F and Nichols Stephanie T
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Doug Bartsch
BERKSHIRE HATHAWAY H.S. FOX & ROACH
List Price
$457,500
Sold Price
$457,500
Current Estimated Value
$941,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$483,626
Avg. Annual Appreciation
5.75%
Original Mortgage
$36,600
Outstanding Balance
$25,417
Interest Rate
3.42%
Estimated Equity
$915,709

Purchase Details

Listed on
Mar 1, 2012
Closed on
Nov 9, 2012
Sold by
Demarco John Peter and Demarco Beth Anne
Bought by
Nichols Eric F and Nichols Stephanie T
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Doug Bartsch
BERKSHIRE HATHAWAY H.S. FOX & ROACH
List Price
$457,500
Sold Price
$457,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,600
Outstanding Balance
$25,417
Interest Rate
3.42%
Estimated Equity
$915,709
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
Nichols Eric F $457,500 --
Nichols Eric F $457,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nichols Eric F $36,600
Closed Nichols Eric F $36,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2012 11/09/12 Sold $457,500 0.0% $610 / Sq Ft
10/01/2012 10/01/12 Pending -- -- --
03/01/2012 03/01/12 For Sale $457,500 -- $610 / Sq Ft
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 $1,810 $18,950 $0 $18,950
2024 $934 $18,950 $0 $18,950
2023 $933 $18,950 $0 $18,950
2022 $901 $18,950 $0 $18,950
2021 $892 $18,950 $0 $18,950
2020 $890 $18,950 $0 $18,950
2019 $891 $18,950 $0 $18,950
2018 $832 $18,950 $0 $0
2017 $797 $18,950 $0 $0
2016 $757 $18,950 $0 $0
2015 $723 $18,950 $0 $0
2014 $718 $18,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • DEBBIE REED

    Seller's Agent in 2012

    DEBBIE REED

    RE/MAX

    (302) 227-3818

    272 in this area

    833 Total Sales

    DEBBIE REED
    Section Image
  • Cyndi Marsh

    Seller Co-Listing Agent in 2012

    Cyndi Marsh

    RE/MAX

    (302) 363-5734

    25 in this area

    71 Total Sales

    Cyndi Marsh
    Section Image

  • D

    Buyer's Agent in 2012

    Doug Bartsch

    BERKSHIRE HATHAWAY H.S. FOX & ROACH

    Section Image
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About Patrician Towers

Map

Source: Bright MLS

MLS Number: 1000964462

Bright MLS

APN: 334-14.14-31.00-107

Delaware Sussex County Rehoboth Beach 19971

8 Olive Ave Unit 107, Rehoboth Beach, DE

This home is located at 8 Olive Ave Unit 107, Rehoboth Beach, DE 19971 since 01 March 2012 and is currently estimated at $941,126, approximately $1,254 per square foot. This property was built in 1970. 8 Olive Ave Unit 107 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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