Seller's Agent in 2021
Bill Cullin
Long & Foster
(302) 841-7147
68 in this area
187 Total Sales
Patrician Towers 8 Olive Ave Unit 201 Rehoboth Beach, DE 19971
3
Beds
2
Baths
--
Sq Ft
$863/mo
HOA Fee
Highlights
- Ocean Front
- Community Indoor Pool
- Subterranean Parking
- Rehoboth Elementary School Rated A
- Furnished
- 1 Car Attached Garage
About This Home
As of August 2021Steps to the ocean with captivating views of the breaking waves await you. Beautifully decorated sunlit 3 bedroom, 2 bath open concept living-dining room designed for entertaining with access to a covered balcony for peaceful relaxing and viewing the ocean or koi-pond in the nicely landscaped courtyard. Extra large cabinets, stainless steel appliances and granite countertops with open view to living room and ocean are found in this custom detailed kitchen. The spacious master bedroom has a private balcony and spa-like bathroom en-suite with marble finishes and walk-in shower. Two additional bedrooms and bathroom with fully tiled walk in shower are featured. Furnishings convey with this condo except items noted on exclusions. Don't miss out on this rare ocean view condo with a rooftop pool, underground parking, and potential good rent income!
Last Agent to Sell the Property
BROWN THAWLEY
(302) 236-1674 brownatthebeach@aol.com Mann & Sons, Inc. Listed on: 07/23/2019
Last Buyer's Agent
(302) 841-7147 bill.cullin@longandfoster.com Long & Foster Real Estate, Inc. License #RS0018675
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,350
Year Built
- Built in 1970
Lot Details
- Ocean Front
- Northeast Facing Home
HOA Fees
- $863 Monthly HOA Fees
Parking
- Subterranean Parking
Property Views
- Courtyard
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Brick Foundation
- Tar and Gravel Roof
- Composition Roof
- Asphalt Roof
Interior Spaces
- Property has 3 Levels
- Furnished
- Ceiling Fan
- Carpet
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Home Security
- Exterior Cameras
- Surveillance System
Accessible Home Design
- Accessible Elevator Installed
Outdoor Features
- Outdoor Shower
- Exterior Lighting
Utilities
- Forced Air Heating and Cooling System
- 200+ Amp Service
- 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
Amenities
- Laundry Facilities
Recreation
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
3.68%
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Available | |
| Deed | $600,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $400,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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% | -- |
| 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% | -- |
| 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
4 in this area
140 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
31 in this area
93 Total Sales
About Patrician Towers
Map
Source: Bright MLS
MLS Number: DESU144702
APN: 334-14.14-31.00-201
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