Seller's Agent in 2021
Bill Cullin
Long & Foster
(302) 841-7147
61 in this area
178 Total Sales
Patrician Towers 8 Olive Ave Unit 201 Rehoboth Beach, DE 19971
Estimated Value: $842,000 - $1,105,768
3
Beds
2
Baths
1,000
Sq Ft
$863/mo
HOA Fee
Highlights
- Ocean View
- Beach
- Water Access
- Rehoboth Elementary School Rated A
- Home fronts navigable water
- Public Beach
About This Home
As of August 2021COMING SOON in Patrician Towers! Rarely offered 3-bedroom, 2-bathroom ocean block condo with views of the ocean and beach, and features a nice living-dining room area that opens to a covered balcony, stainless steel appliances, granite countertops, new tile floors in the main living area and another balcony in one of the bedrooms. Patrician Towers offers a spectacular location, panoramic views of the coastline from the rooftop pool, clean and spacious community laundry room, and a secure parking garage. The condo fee pays for sewer, water, trash removal, insurance, and maintenance of all the common elements including the pool. Great rental potential with the restaurants, beach, and boardwalk just steps away. Call for an appointment today.
Last Agent to Sell the Property
(302) 841-7147 bill.cullin@longandfoster.com Long & Foster Real Estate, Inc. License #RS0018675 Listed on: 08/06/2021
Last Buyer's Agent
(302) 943-2274 tyler.anaya@svn.com SVN |Miller Commercial Real Estate License #RS-0039690
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,350
Year Built
- Built in 1970
Lot Details
- Building is oceanfront but unit may not have water views
- Home fronts navigable water
- Public Beach
- Northeast Facing Home
- Landscaped
HOA Fees
- $863 Monthly HOA Fees
Parking
- Assigned Subterranean Space
- Private Parking
- Secure Parking
Home Design
- Entry on the 2nd floor
- Flat Roof Shape
- Brick Exterior Construction
- Brick Foundation
- Tar and Gravel Roof
- Composition Roof
- Asphalt Roof
Interior Spaces
- 1,000 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Ceiling Fan
- Double Pane Windows
- Sliding Doors
- Insulated Doors
- Combination Dining and Living Room
Kitchen
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- En-Suite Bathroom
- 2 Full Bathrooms
Home Security
- Exterior Cameras
- Surveillance System
Accessible Home Design
- Accessible Elevator Installed
Outdoor Features
- Outdoor Shower
- Water Access
- Property is near an ocean
- Exterior Lighting
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 334-14.14-31.00-201
Community Details
Overview
- Association fees include common area maintenance, custodial services maintenance, exterior building maintenance, lawn maintenance, management, pool(s), security gate, snow removal, trash
- Mid-Rise Condominium
- Patrician Towers Condos
- Patrician Towers Community
- North Rehoboth Subdivision
Amenities
- Laundry Facilities
- 1 Elevator
Recreation
- Beach
Pet Policy
- Dogs and Cats Allowed
Security
- Front Desk in Lobby
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 21, 2020
Sold by
Arnao Luz M
Bought by
Luz Arnao Irt
Current Estimated Value
Purchase Details
Listed on
Mar 12, 2012
Closed on
Aug 30, 2012
Sold by
Beaston Jack R and Beaston Nancy L
Bought by
Sherman Richard H and Sherman Jane E
Seller's Agent
Lucius Webb
Jack Lingo - Rehoboth
Buyer's Agent
Lucius Webb
Jack Lingo - Rehoboth
List Price
$600,000
Sold Price
$600,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.95%
Original Mortgage
$400,000
Interest Rate
3.52%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Luz Arnao Irt | -- | None Available | |
| Sherman Richard H | $600,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Sherman Richard H | $400,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/27/2021 08/27/21 | Sold | $933,000 | +5.1% | $933 / Sq Ft | |
| 08/09/2021 08/09/21 | Pending | -- | -- | -- | |
| 08/06/2021 08/06/21 | For Sale | $888,000 | +28.7% | $888 / Sq Ft | |
| 11/15/2019 11/15/19 | Sold | $690,000 | -6.7% | -- | View Prior Sale |
| 10/31/2019 10/31/19 | Pending | -- | -- | -- | |
| 07/23/2019 07/23/19 | For Sale | $739,900 | +23.3% | -- | |
| 08/27/2012 08/27/12 | Sold | $600,000 | 0.0% | -- | View Prior Sale |
| 07/27/2012 07/27/12 | Pending | -- | -- | -- | |
| 03/12/2012 03/12/12 | For Sale | $600,000 | -- | -- |
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 |
|---|---|---|---|---|
| 2025 | $2,303 | $22,400 | $0 | $22,400 |
| 2024 | $1,104 | $22,400 | $0 | $22,400 |
| 2023 | $1,103 | $22,400 | $0 | $22,400 |
| 2022 | $1,065 | $22,400 | $0 | $22,400 |
| 2021 | $1,055 | $22,400 | $0 | $22,400 |
| 2020 | $1,052 | $22,400 | $0 | $22,400 |
| 2019 | $1,053 | $22,400 | $0 | $22,400 |
| 2018 | $984 | $22,400 | $0 | $0 |
| 2017 | $942 | $22,400 | $0 | $0 |
| 2016 | $895 | $22,400 | $0 | $0 |
| 2015 | $855 | $22,400 | $0 | $0 |
| 2014 | $849 | $22,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Bill Cullin
-
Tyler Anaya
Buyer's Agent in 2021
Tyler Anaya
SVN |Miller Commercial Real Estate
(302) 943-2274
3 in this area
142 Total Sales
-
B
Seller's Agent in 2019
BROWN THAWLEY
Mann & Sons, Inc.
-
Pamela Rut Albanese
P
Seller Co-Listing Agent in 2019
Pamela Rut Albanese
Mann & Sons, Inc.
2 in this area
2 Total Sales
-
Lucius Webb
Seller's Agent in 2012
Lucius Webb
Jack Lingo - Rehoboth
(302) 258-4590
27 in this area
89 Total Sales
About Patrician Towers
Map
Source: Bright MLS
MLS Number: DESU2003642
APN: 334-14.14-31.00-201
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