NOT LISTED FOR SALE

Patrician Towers 8 Olive Ave Unit 302 Rehoboth Beach, DE 19971

Estimated Value: $458,454 - $709,000

-- Bed
1 Bath
-- Sq Ft
653 Sq Ft Lot

Last Sold January 08, 2016

Last sale price $300,000

Est. 87% increase in value since last sale

Current estimated payment $3,068/month

Highlights

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

About This Home

As of January 2016

Bright sunny condo with garage parking and beautiful Coastline views from the rooftop pool and sundeck.One of the best locations. Great rental income.

Last Agent to Sell the Property

Pamela Rut Albanese

pamelanjohn@hotmail.com Mann & Sons, Inc. License #RS-0022631 Listed on: 05/23/2014

Last Buyer's Agent

Kim Hamer

(302) 745-9914 kim.hamer@oasir.net Monument Sotheby's International Realty License #RS-0013968

Monument Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $575

Year Built

  • Built in 1970

Lot Details

  • Partially Fenced Property
  • Landscaped

Home Design

  • Entry on the 3rd floor
  • Brick Exterior Construction
  • Block Foundation
  • Concrete Roof
  • Masonry

Interior Spaces

  • 1 Full Bathroom
  • Property has 1 Level
  • Furnished
  • Window Treatments
  • Living Room
  • Combination Kitchen and Dining Room

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile or Brick

Home Security

Outdoor Features

  • Outdoor Shower
  • Balcony

Utilities

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

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-31.00-302

Community Details

Overview

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

Amenities

  • Laundry Facilities
  • Elevator

Recreation

Building Details

  • Trash Expense $255

Security

  • Security Service
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$575

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
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Microwave, Oven/Range - Electric, Refrigerator, Water Heater
  • Entry Floor: 3
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Combination Kitchen/Dining, Elevator, Window Treatments
  • Fireplace: No
  • Door Features: Storm
  • Foundation Details: Block
  • Floors In Unit Count: 1
  • Level Count: 1
  • Levels Count: 1
  • Room Count: 3
  • Room List: Living Room, Dining Room, Kitchen
  • Basement: No

Beds/Baths

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

  • Construction Materials: Masonry, Brick
  • Construction Completed: Yes
  • Exterior Features: Outside Shower
  • Roof: Concrete
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Under Home Parking

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: 4312.00
  • HOA Condo Co-Op Amenities: Elevator, Laundry Facilities, Pool - Outdoor, Swimming Pool, Security
  • HOA: No

Schools

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

Lot Info

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

Building Info

  • Building Features: Elevator

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 8500.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5196186
  • Tax Annual Amount: 575.00
  • Assessor Parcel Number: 334-14.14-31.00-302
  • County Tax Payment Frequency: Annually
  • Close Date: 01/08/2016

Multi Family

  • Income Expense List: Total Tax Bill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2014
Closed on
Jan 8, 2016
Sold by
Shriner Robert A
Bought by
Shannon Jeffrey R and Shannon Kristine K
Seller's Agent
Pamela Rut Albanese
Mann & Sons, Inc.
Buyer's Agent
Kim Hamer
Monument Sotheby's International Realty
List Price
$300,000
Sold Price
$300,000
Current Estimated Value
$559,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,614
Avg. Annual Appreciation
6.62%
Original Mortgage
$270,000
Interest Rate
3.98%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Shannon Jeffrey R $300,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shannon Jeffrey R $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2016 01/08/16 Sold $300,000 0.0% --
10/11/2015 10/11/15 Pending -- -- --
05/23/2014 05/23/14 For Sale $300,000 -- --
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 $1,209 $11,100 $0 $11,100
2024 $547 $11,100 $0 $11,100
2023 $547 $11,100 $0 $11,100
2022 $528 $11,100 $0 $11,100
2021 $523 $11,100 $0 $11,100
2020 $521 $11,100 $0 $11,100
2019 $522 $11,100 $0 $11,100
2018 $487 $11,100 $0 $0
2017 $467 $11,100 $0 $0
2016 $443 $11,100 $0 $0
2015 $424 $11,100 $0 $0
2014 $421 $11,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Pamela Rut Albanese

    Mann & Sons, Inc.

    2 in this area

    2 Total Sales

    Pamela Rut Albanese
    Section Image
  • Kim Hamer

    Buyer's Agent in 2016

    Kim Hamer

    OCEAN ATLANTIC SOTHEBYS

    (302) 745-9914

    96 in this area

    279 Total Sales

    Kim Hamer
    Section Image
See All Agents

About Patrician Towers

Map

Source: Bright MLS

MLS Number: 1000982700

Bright MLS

APN: 334-14.14-31.00-302

Delaware Sussex County Rehoboth Beach 19971

8 Olive Ave Unit 302, Rehoboth Beach, DE

This home is located at 8 Olive Ave Unit 302, Rehoboth Beach, DE 19971 since 23 May 2014 and is currently estimated at $559,614. This property was built in 1970. 8 Olive Ave Unit 302 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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