NOT LISTED FOR SALE

Patrician Towers 8 Olive Ave Unit 208 Rehoboth Beach, DE 19971

Estimated Value: $557,433 - $907,000

2 Beds
1 Bath
750 Sq Ft
653 Sq Ft Lot

Last Sold June 26, 2017

Last sale price $440,000 $587 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $3,933/month

Highlights

  • Private Pool
  • Furnished
  • Living Room
  • Rehoboth Elementary School Rated A
  • Balcony
  • Security Service

About This Home

As of June 2017

INVESTOR & SECOND HOME ALERT! Turn-key 2BR, 1BA condo just steps to Rehoboth Boardwalk/Beach! The roof-top pool w/ocean views accompanies the relaxing sights & sounds that make coastal living an affordable luxury! Savor remarkable restaurants all in walking distance! Great rental history/Income! Patrician Towers is located on Olive Ave which leads to the Rehoboth Beach Boardwalk. The 52 unit building offers a laundry room, elevators, garage parking, well landscaped building and a courtyard with fish pond. Patrician Towers has been one of the most popular beach goers destinations in Rehoboth Beach.

Last Agent to Sell the Property

Amy Kellenberger

(302) 381-7901 amy@beachsandcastles.com Berkshire Hathaway HomeServices PenFed Realty License #RS-0019891 Listed on: 10/27/2014

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

DAVID SCUCCIMARRA

(301) 318-5145 david.scuccimarra@lnf.com Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $909

Lot Details

  • Landscaped

Home Design

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

Interior Spaces

  • 750 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Window Treatments
  • Window Screens
  • Living Room
  • Combination Kitchen and Dining Room

Kitchen

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

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 1 Full Bathroom

Home Security

Parking

  • 1 Parking Space Included
  • Covered Parking
  • Assigned Parking

Outdoor Features

  • Private Pool
  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-31.00-208

Community Details

Overview

  • Property has a Home Owners Association
  • Low-Rise Condominium
  • Patrician Towers Community
  • North Rehoboth Subdivision

Amenities

  • Laundry Facilities
  • Community Storage Space
  • Elevator

Recreation

Building Details

  • Trash Expense $255

Security

  • Security Service
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$909

Lot Details

0

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
  • Remarks Public: INVESTOR & SECOND HOME ALERT! Turn-key 2BR, 1BA condo just steps to Rehoboth Boardwalk/Beach! The roof-top pool w/ocean views accompanies the relaxing sights & sounds that make coastal living an affordable luxury! Savor remarkable restaurants all in walking distance! Great rental history/Income! Patrician Towers is located on Olive Ave which leads to the Rehoboth Beach Boardwalk. The 52 unit building offers a laundry room, elevators, garage parking, well landscaped building and a courtyard with fish pond. Patrician Towers has been one of the most popular beach goers destinations in Rehoboth Beach.
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Exhaust Fan, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Range Hood, Water Heater
  • Entry Floor: 2
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Combination Kitchen/Dining, Elevator, Window Treatments
  • Window Features: Screens
  • Fireplace: No
  • Door Features: Storm
  • Foundation Details: Block
  • Level Count: 1
  • Levels Count: 1
  • Room Count: 5
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 750
  • Living Area Sq Ft: 750
  • Net Sq Ft: 750.00
  • Price Per Sq Ft: 599.87
  • Above Grade Finished Sq Ft: 750
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Concrete
  • Construction Completed: Yes
  • Exterior Features: Sidewalks
  • 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
  • Open Parking Spaces Count: 1
  • Parking Features: Assigned, Paved Driveway, Under Home Parking
  • Garage Features: Covered Parking
  • Number Of Parking Spaces Included: 1-Car Parking
  • Total Garage And Parking Spaces: 1

Utilities

  • Refuse: 255.00
  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 8340.00
  • HOA Condo Co-Op Amenities: Elevator, Extra Storage, Laundry Facilities, Reserved/Assigned Parking, Pool - Outdoor, Swimming Pool, Security
  • HOA: No

Schools

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

Lot Info

  • Lot Features: Landscaping
  • Outdoor Living Structures: Balcony
  • In City Limits: Yes

Building Info

  • Building Features: Elevator

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 18000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5196181
  • Tax Annual Amount: 909.00
  • Assessor Parcel Number: 334-14.14-31.00-208
  • County Tax Payment Frequency: Annually
  • Close Date: 06/26/2017

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2018
Sold by
Schneider Charles J and Schneider Dessislava S
Bought by
Dessislva S Karbanova Ret
Current Estimated Value
$713,358

Purchase Details

Listed on
Oct 27, 2014
Closed on
Jun 26, 2017
Sold by
Heselton Leslie R
Bought by
Schneider Charels J and Karbanova Dessislava S
Seller's Agent
Amy Kellenberger
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
DAVID SCUCCIMARRA
Long & Foster Real Estate, Inc.
List Price
$440,000
Sold Price
$440,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%
Original Mortgage
$100,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 1997
Bought by
Heselton Leslie R and Heselton Thomas C
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
Dessislva S Karbanova Ret -- --
Schneider Charels J -- None Available
Heselton Leslie R $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schneider Charels J $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2017 06/26/17 Sold $440,000 0.0% $587 / Sq Ft
04/20/2017 04/20/17 Pending -- -- --
10/27/2014 10/27/14 For Sale $440,000 -- $587 / 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 $1,810 $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

  • Amy Kellenberger

    Seller's Agent in 2017

    Amy Kellenberger

    BHHS PenFed (actual)

    (302) 381-7901

    2 in this area

    115 Total Sales

    Amy Kellenberger
    Section Image

  • D

    Buyer's Agent in 2017

    DAVID SCUCCIMARRA

    Long & Foster

    (301) 318-5145

    1 in this area

    2 Total Sales

    DAVID SCUCCIMARRA
    Section Image
See All Agents

About Patrician Towers

Map

Source: Bright MLS

MLS Number: 1000986816

Bright MLS

APN: 334-14.14-31.00-208

Delaware Sussex County Rehoboth Beach 19971

8 Olive Ave Unit 208, Rehoboth Beach, DE

This home is located at 8 Olive Ave Unit 208, Rehoboth Beach, DE 19971 since 27 October 2014 and is currently estimated at $713,358, approximately $951 per square foot. 8 Olive Ave Unit 208 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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