NOT LISTED FOR SALE

Patrician Towers 8 Olive Ave Unit 110 Rehoboth Beach, DE 19971

Estimated Value: $720,005 - $1,014,000

2 Beds
1 Bath
-- Sq Ft
$658/mo HOA Fee

Last Sold August 10, 2021

Last sale price $625,428

Est. 34% increase in value since last sale

Current estimated payment $5,238/month

Highlights

  • City View
  • Pond
  • Community Pool
  • Rehoboth Elementary School Rated A
  • Furnished
  • Subterranean Parking

About This Home

As of August 2021

Steps to Boardwalk & Ocean! Rarely Available! Beautiful ground level 2 bedroom condo with enclosed patio area including outdoor dining furniture. Updated kitchen with extended height cabinetry, tiled backsplash and stylish black appliances and countertop. Wall to wall Berber carpeting throughout with Fresh Neutral tones and furnishings. Perfect location for going to local restaurants, shops and amusements. The secure building features on-site management, garage parking, outdoor sand & foot shower, community laundry room, nicely landscaped courtyard with koi pond and benches and rooftop pool and sundeck with captivating panoramic views.

Last Agent to Sell the Property

Pamela Rut Albanese

pamelanjohn@hotmail.com Mann & Sons, Inc. License #RS-0022631 Listed on: 07/07/2021

Last Buyer's Agent

Maribeth Baxter

(302) 740-7313 maribeth@pantanorealestate.com Pantano Real Estate Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,183

Year Built

  • Built in 1970 | Remodeled in 2020

Lot Details

  • Downtown Location
  • Property is Fully Fenced
  • Landscaped

HOA Fees

  • $658 Monthly HOA Fees

Parking

  • Subterranean Parking
  • On-Street Parking
  • Parking Space Conveys
  • Unassigned Parking
  • Secure Parking

Property Views

  • City
  • Courtyard

Home Design

  • Entry on the 1st floor

Interior Spaces

  • Property has 1 Level
  • Furnished
  • Window Treatments
  • Combination Dining and Living Room
  • Carpet

Kitchen

  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Home Security

  • Surveillance System
  • Exterior Cameras

Accessible Home Design

  • Accessible Elevator Installed
  • No Interior Steps
  • Level Entry For Accessibility

Outdoor Features

  • Outdoor Shower
  • Pond
  • Enclosed Patio or Porch
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Geothermal Heating and Cooling
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 334-14.14-31.00-110

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, lawn maintenance, management, pool(s), reserve funds, sewer, snow removal, water
  • Mid-Rise Condominium
  • Patrician Towers Community
  • North Rehoboth Subdivision
  • Property Manager

Amenities

  • Common Area
  • Laundry Facilities

Recreation

Pet Policy

  • Pets allowed on a case-by-case basis

Security

  • Front Desk in Lobby
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,183

Year Built

Built in 1970 | Remodeled in 2020

Lot Details

0

HOA Fees

$658 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator, Level Entry - Main, No Stairs
  • Ownership: Condominium
  • Inclusions: Furnished
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1970
  • Year Renovated: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: Steps to Boardwalk & Ocean! Rarely Available! Beautiful ground level 2 bedroom condo with enclosed patio area including outdoor dining furniture. Updated kitchen with extended height cabinetry, tiled backsplash and stylish black appliances and countertop. Wall to wall Berber carpeting throughout with Fresh Neutral tones and furnishings. Perfect location for going to local restaurants, shops and amusements. The secure building features on-site management, garage parking, outdoor sand & foot shower, community laundry room, nicely landscaped courtyard with koi pond and benches and rooftop pool and sundeck with captivating panoramic views.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Range Hood, Refrigerator
  • Entry Floor: 1
  • Interior Amenities: Carpet, Combination Dining/Living, Window Treatments
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Common
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block
  • Exterior Features: Exterior Lighting, Outside Shower, Sidewalks, Street Lights
  • View: City, Courtyard, Pond
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Parking Space Conveys, Secure Parking, Unassigned
  • Garage Features: Underground
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Geothermal
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Desk In Lobby, Exterior Cameras, Fire Detection System, Main Entrance Lock, Security System, Surveillance Sys
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Phone Available, Sewer Available
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1975.26
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Common Grounds, Laundry Facilities, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Management, Pool(s), Reserve Funds, Sewer, Snow Removal, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Fully
  • Land Use Code: RC
  • Lot Features: Landscaping, Pond
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Enclosed, Patio(s)
  • Year Assessed: 2020
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5196172
  • School Tax: 805.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1183.00
  • Assessor Parcel Number: 334-14.14-31.00-110
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 08/10/2021

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2021
Closed on
Aug 10, 2021
Sold by
Sherry Raymond R and Fear Rose M
Bought by
Hicks Leroi and Hicks Susan
Seller's Agent
Pamela Rut Albanese
Mann & Sons, Inc.
Buyer's Agent
Maribeth Baxter
Pantano Real Estate Inc
List Price
$625,000
Sold Price
$625,428
Premium/Discount to List
$428
0.07%
Current Estimated Value
$835,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,073
Avg. Annual Appreciation
7.26%
Original Mortgage
$548,250
Outstanding Balance
$498,529
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$336,972

Purchase Details

Closed on
Nov 17, 2000
Bought by
Sherry Raymond R and Fear Rose M
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
Hicks Leroi $625,428 None Available
Sherry Raymond R $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hicks Leroi $548,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2021 08/10/21 Sold $625,428 +0.1% --
07/07/2021 07/07/21 For Sale $625,000 -- --
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 $1,810 $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

  • P

    Seller's Agent in 2021

    Pamela Rut Albanese

    Mann & Sons, Inc.

    2 in this area

    2 Total Sales

    Pamela Rut Albanese
    Section Image

  • M

    Buyer's Agent in 2021

    Maribeth Baxter

    Pantano Real Estate Inc

    (302) 740-7313

    2 in this area

    5 Total Sales

    Maribeth Baxter
    Section Image
See All Agents

About Patrician Towers

Map

Source: Bright MLS

MLS Number: DESU2001656

Bright MLS

APN: 334-14.14-31.00-110

Delaware Sussex County Rehoboth Beach 19971

8 Olive Ave Unit 110, Rehoboth Beach, DE

This home is located at 8 Olive Ave Unit 110, Rehoboth Beach, DE 19971 since 07 July 2021 and is currently estimated at $835,501. This property was built in 1970. 8 Olive Ave Unit 110 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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