NOT LISTED FOR SALE

Patrician Towers 8 Olive Ave Unit 210 Rehoboth Beach, DE 19971

Estimated Value: $754,000 - $946,627

2 Beds
1 Bath
750 Sq Ft
653 Sq Ft Lot

Last Sold October 10, 2012

Last sale price $470,000 $627 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $4,857/month

Highlights

  • Private Pool
  • Furnished
  • Storm Windows
  • Rehoboth Elementary School Rated A
  • Balcony
  • Living Room

About This Home

As of October 2012

Hear the ocean, smell the ocean and walk steps to the ocean and boardwalk from this completely renovated condominium in popular Patrician Towers. Enjoy panaramic views from the rooftop pool and deck and quiet residential Olive Avenue views from the balcony. Furnished and turnkey; never rented.

Last Agent to Sell the Property

Marilynn Kuebler

(302) 528-1369 marilynnkuebler@comcast.net Monument Sotheby's International Realty License #RS-0017650 Listed on: 03/27/2012

Monument Sotheby's International Realty

Last Buyer's Agent

Michael Bacher

(302) 226-6649 michaelbacher@aol.com Jack Lingo - Rehoboth

Jack Lingo - Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $848

Year Built

  • Built in 1970

Lot Details

  • 653

Parking

  • On-Street Parking

Home Design

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

Interior Spaces

  • 750 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Insulated Doors
  • Living Room
  • Dining Room
  • Tile or Brick Flooring

Kitchen

  • Electric Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Home Security

Pool

  • Private Pool
  • Outdoor Shower

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Geothermal Heating and Cooling
  • Electric Water Heater
  • Municipal Trash

Additional Features

  • Balcony
  • Property is Fully Fenced
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 334-14.14-31.00-210

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 Windows
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$848

Year Built

Built in 1970

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
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1970
  • Remarks Public: Hear the ocean, smell the ocean and walk steps to the ocean and boardwalk from this completely renovated condominium in popular Patrician Towers. Enjoy panaramic views from the rooftop pool and deck and quiet residential Olive Avenue views from the balcony. Furnished and turnkey; never rented.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Freezer, Microwave, Oven/Range - Electric, Refrigerator, Water Heater
  • Entry Floor: 2
  • Flooring Type: Tile/Brick
  • Interior Amenities: Entry Level Bedroom, Ceiling Fan(s), Elevator, Window Treatments
  • Window Features: Insulated, Screens, Storm
  • Fireplace: No
  • Door Features: Insulated, Storm
  • Foundation Details: Block
  • Floors In Unit Count: 1
  • 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: 693.33
  • 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, Stick Built, Brick
  • Construction Completed: Yes
  • Exterior Features: Outside Shower
  • 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: Under Home Parking
  • Type Of Parking: On Street

Utilities

  • Refuse: 255.00
  • Central Air Conditioning: No
  • Cooling Type: Geothermal
  • Heating Type: Forced Air, Heat Pump(s)
  • 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: 5980.00
  • HOA Condo Co-Op Amenities: Elevator, Extra Storage, Laundry Facilities, Pool - Outdoor, Swimming Pool, Security
  • HOA: No

Schools

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

Lot Info

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

Building Info

  • Building Features: Elevator

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5196183
  • Tax Annual Amount: 848.00
  • Assessor Parcel Number: 334-14.14-31.00-210
  • County Tax Payment Frequency: Annually
  • Close Date: 10/10/2012

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

Listed on
Mar 27, 2012
Closed on
Nov 19, 2012
Sold by
Hultquist Cynthia M
Bought by
Kercher Jeffery D and Kercher Deborah A
Seller's Agent
Marilynn Kuebler
Monument Sotheby's International Realty
Buyer's Agent
Michael Bacher
Jack Lingo - Rehoboth
List Price
$470,000
Sold Price
$470,000
Current Estimated Value
$887,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$417,657
Avg. Annual Appreciation
5.02%
Original Mortgage
$352,500
Outstanding Balance
$243,930
Interest Rate
3.42%
Estimated Equity
$643,727
Source: Public Records

Range of Values:

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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
Kercher Jeffery D $470,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kercher Jeffery D $352,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2012 10/10/12 Sold $470,000 0.0% $627 / Sq Ft
09/16/2012 09/16/12 Pending -- -- --
03/27/2012 03/27/12 For Sale $470,000 -- $627 / 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 $18,000 $0 $18,000
2024 $887 $18,000 $0 $18,000
2023 $886 $18,000 $0 $18,000
2022 $856 $18,000 $0 $18,000
2021 $848 $18,000 $0 $18,000
2020 $845 $18,000 $0 $18,000
2019 $846 $18,000 $0 $18,000
2018 $790 $18,000 $0 $0
2017 $757 $18,000 $0 $0
2016 $719 $18,000 $0 $0
2015 $687 $18,000 $0 $0
2014 $682 $18,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Marilynn Kuebler

    Seller's Agent in 2012

    Marilynn Kuebler

    OCEAN ATLANTIC SOTHEBYS

    (302) 528-1369

    11 in this area

    22 Total Sales

    Marilynn Kuebler
    Section Image
  • Michael Bacher

    Buyer's Agent in 2012

    Michael Bacher

    Jack Lingo - Rehoboth

    (302) 226-6649

    15 in this area

    25 Total Sales

    Michael Bacher
    Section Image
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About Patrician Towers

Map

Source: Bright MLS

MLS Number: 1000964894

Bright MLS

APN: 334-14.14-31.00-210

Delaware Sussex County Rehoboth Beach 19971

8 Olive Ave Unit 210, Rehoboth Beach, DE

This home is located at 8 Olive Ave Unit 210, Rehoboth Beach, DE 19971 since 27 March 2012 and is currently estimated at $887,657, approximately $1,183 per square foot. This property was built in 1970. 8 Olive Ave Unit 210 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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