NOT LISTED FOR SALE

Patrician Towers 8 Olive Ave Unit 202 Rehoboth Beach, DE 19971

Estimated Value: $398,005 - $969,000

-- Bed
1 Bath
500 Sq Ft
$374/mo HOA Fee

Last Sold July 31, 2018

Last sale price $301,500 $603 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $3,705/month

Highlights

  • Private Pool
  • Furnished
  • Elevator
  • Rehoboth Elementary School Rated A
  • Efficiency Studio
  • Balcony

About This Home

As of July 2018

In-town Rehoboth and ocean block, your beach sanctuary awaits! Efficiency unit. Fully furnished in neutral tones. You will have panoramic views of the coastline while relaxing at the roof top pool. Soak up the sun on the sands of the beach just steps away. Short walk to shops, restaurants and amusements. Pet friendly building with garage parking. Condo fees cover water and sewer.

Last Agent to Sell the Property

BROWN THAWLEY

(302) 236-1674 brownatthebeach@aol.com Mann & Sons, Inc. Listed on: 12/19/2017

Last Buyer's Agent

BROWN THAWLEY

(302) 236-1674 brownatthebeach@aol.com Mann & Sons, Inc. Listed on: 12/19/2017

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $559

Year Built

  • Built in 1970

HOA Fees

  • $374 Monthly HOA Fees

Parking

  • Private Parking

Home Design

  • Entry on the 2nd floor
  • Flat Roof Shape
  • Block Foundation
  • Brick Front
  • Masonry

Interior Spaces

  • 1 Full Bathroom
  • 500 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Efficiency Studio
  • Carpet
  • Surveillance System

Kitchen

  • Electric Oven or Range
  • Microwave

Outdoor Features

  • Private Pool
  • Balcony

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 334-14.14-31.00-202

Community Details

Overview

  • Low-Rise Condominium
  • Patrician Towers Community
  • North Rehoboth Subdivision

Amenities

  • Laundry Facilities
  • Elevator

Recreation

Property Details

Home Type

Condominium

Est. Annual Taxes

$559

Year Built

Built in 1970

Lot Details

0

HOA Fees

$374 per month

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
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1970
  • Remarks Public: In-town Rehoboth and ocean block, your beach sanctuary awaits! Efficiency unit. Fully furnished in neutral tones. You will have panoramic views of the coastline while relaxing at the roof top pool. Soak up the sun on the sands of the beach just steps away. Short walk to shops, restaurants and amusements. Pet friendly building with garage parking. Condo fees cover water and sewer.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Microwave, Oven/Range - Electric, Refrigerator
  • Entry Floor: 2
  • Flooring Type: Carpet
  • Interior Amenities: Efficiency
  • Fireplace: No
  • Foundation Details: Block
  • Level Count: 1
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 500
  • Living Area Sq Ft: 500
  • Net Sq Ft: 500.00
  • Price Per Sq Ft: 620.00
  • Above Grade Finished Sq Ft: 500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Brick Front
  • Construction Completed: Yes
  • Roof: 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: Private

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Security: Surveillance Sys
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 4488.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Elevator, Laundry Facilities, Pool - Outdoor, Swimming Pool
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony
  • Zoning: TOWN CODES
  • Zoning Description: TOWN CODES
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5196175
  • Tax Annual Amount: 559.00
  • Assessor Parcel Number: 334-14.14-31.00-202
  • County Tax Payment Frequency: Annually
  • Close Date: 07/31/2018

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

Listed on
Dec 19, 2017
Closed on
Jul 31, 2018
Sold by
Heselton Leslie R and Heselton 3Rd Leslie R
Bought by
Carlson John R and Carlson Loinda G
Seller's Agent
BROWN THAWLEY
Mann & Sons, Inc.
Buyer's Agent
BROWN THAWLEY
Mann & Sons, Inc.
List Price
$310,000
Sold Price
$301,500
Premium/Discount to List
-$8,500
-2.74%
Current Estimated Value
$609,251

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$307,751
Avg. Annual Appreciation
9.10%

Purchase Details

Closed on
Feb 25, 1988
Bought by
Heselton Leslie R and Heselton Leslie R
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 Buyer Sale Price Title Company
Carlson John R $301,500 --
Heselton Leslie R $5,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2018 07/31/18 Sold $301,500 -2.7% $603 / Sq Ft
06/21/2018 06/21/18 Pending -- -- --
12/19/2017 12/19/17 For Sale $310,000 -- $620 / 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 $1,209 $10,750 $0 $10,750
2024 $530 $10,750 $0 $10,750
2023 $529 $10,750 $0 $10,750
2022 $511 $10,750 $0 $10,750
2021 $506 $10,750 $0 $10,750
2020 $505 $10,750 $0 $10,750
2019 $505 $10,750 $0 $10,750
2018 $472 $10,750 $0 $0
2017 $452 $10,750 $0 $0
2016 $429 $10,750 $0 $0
2015 $410 $10,750 $0 $0
2014 $407 $10,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    BROWN THAWLEY

    Mann & Sons, Inc.

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About Patrician Towers

Map

Source: Bright MLS

MLS Number: 1001569362

Bright MLS

APN: 334-14.14-31.00-202

Delaware Sussex County Rehoboth Beach 19971

8 Olive Ave Unit 202, Rehoboth Beach, DE

This home is located at 8 Olive Ave Unit 202, Rehoboth Beach, DE 19971 since 19 December 2017 and is currently estimated at $609,251, approximately $1,218 per square foot. This property was built in 1970. 8 Olive Ave Unit 202 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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