$600,000
SOLD AUG 27, 2012

Patrician Towers 8 Olive Ave Unit 201 Rehoboth Beach, DE 19971

3 Beds
2 Baths
-- Sq Ft
$607/mo HOA Fee

Recently Sold

137 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Furnished
  • Rehoboth Elementary School Rated A
  • Waterfront
  • Balcony

About This Home

As of August 2021

Live the good life enjoying Ocean Views from Rehoboth's most prefered address: Patrician Towers. Esteemed managment allows you to relax & enjoy. Just steps to the Ocean and all Rehoboth offers. This updated condo awaits with its Roof top pool & Spectacular views of Rehoboth.

Last Agent to Sell the Property

Lucius Webb

(302) 258-4590 luciusrwebb@yahoo.com Jack Lingo - Rehoboth License #RS-0017469 Listed on: 03/12/2012

Jack Lingo - Rehoboth

Last Buyer's Agent

Lucius Webb

(302) 258-4590 luciusrwebb@yahoo.com Jack Lingo - Rehoboth License #RS-0017469 Listed on: 03/12/2012

Jack Lingo - Rehoboth

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $662

Lot Details

  • Waterfront

HOA Fees

  • $607 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Entry on the 2nd floor
  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation
  • Concrete Roof
  • Masonry

Interior Spaces

  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Window Screens
  • Living Room
  • Combination Kitchen and Dining Room
  • Laundry Room

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Home Security

Outdoor Features

  • In Ground Pool
  • Water Access
  • Property is near an ocean
  • Balcony

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-31.00-201

Community Details

Overview

  • Patrician Towers Community
  • North Rehoboth Subdivision

Recreation

Security

  • Security Service
  • Storm Windows
  • Storm Doors

Amenities

  • Elevator

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$662

Lot Details

0

HOA Fees

$607 per month

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Remarks Public: Live the good life enjoying Ocean Views from Rehoboth's most prefered address: Patrician Towers. Esteemed managment allows you to relax & enjoy. Just steps to the Ocean and all Rehoboth offers. This updated condo awaits with its Roof top pool & Spectacular views of Rehoboth.
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Water Heater
  • Entry Floor: 2
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Combination Kitchen/Dining, Entry Level Bedroom, Ceiling Fan(s), Elevator, Window Treatments
  • Window Features: Screens, Storm
  • Fireplace: No
  • Door Features: Storm
  • Foundation Details: Block
  • Level Count: 1
  • Levels Count: 1
  • Room Count: 7
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Laundry, Additional Bedroom
  • Basement: No
  • Street Number Modifier: 8

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Construction Materials: Masonry, Brick
  • Construction Completed: Yes
  • Pool Features: In Ground
  • Roof: Concrete, Flat
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal, Yes - Community
  • Water View: Yes

Garage/Parking

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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • Condo Co-Op Fee: 7280.00
  • HOA Condo Co-Op Amenities: Elevator, Pool - Outdoor, Swimming Pool, Security
  • HOA: No

Schools

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

Lot Info

  • Outdoor Living Structures: Balcony
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Pymnt Freq: Annually
  • Total Actual Rent: 22850.00
  • Vacation Rental: Yes

Tax Info

  • Tax Annual Amount: 662.00
  • Assessor Parcel Number: 334-14.14-31.00-201
  • County Tax Payment Frequency: Annually
  • Close Date: 08/27/2012

Multi Family

  • Income Expense List: Total Tax Bill

MLS Schools

  • School District Name: CAPE HENLOPEN

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
$1,073,767

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%
Source: Public Records

Range of Values:

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Average Value
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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 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

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 $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

    Seller's Agent in 2021

    Bill Cullin

    Long & Foster

    (302) 841-7147

    68 in this area

    187 Total Sales

    Bill Cullin
    Section Image
  • Tyler Anaya

    Buyer's Agent in 2021

    Tyler Anaya

    SVN |Miller Commercial Real Estate

    (302) 943-2274

    4 in this area

    140 Total Sales

    Tyler Anaya
    Section Image

  • B

    Seller's Agent in 2019

    BROWN THAWLEY

    Mann & Sons, Inc.

    Section Image

  • P

    Seller Co-Listing Agent in 2019

    Pamela Rut Albanese

    Mann & Sons, Inc.

    2 in this area

    2 Total Sales

    Pamela Rut Albanese
    Section Image
  • Lucius Webb

    Seller's Agent in 2012

    Lucius Webb

    Jack Lingo - Rehoboth

    (302) 258-4590

    31 in this area

    93 Total Sales

    Lucius Webb
    Section Image
See All Agents

About Patrician Towers

Map

Source: Bright MLS

MLS Number: 1000964692

Bright MLS

APN: 334-14.14-31.00-201

Delaware Sussex County Rehoboth Beach 19971

8 Olive Ave Unit 201, Rehoboth Beach, DE

This home is located at 8 Olive Ave Unit 201, Rehoboth Beach, DE 19971 and is currently priced at $600,000. 8 Olive Ave Unit 201 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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