Seller's Agent in 2020
DEBBIE REED
RE/MAX
(302) 227-3818
260 in this area
796 Total Sales
Patrician Towers 8 Olive Ave Unit 308 Rehoboth Beach, DE 19971
Estimated Value: $672,000 - $926,000
2
Beds
1
Bath
750
Sq Ft
$649/mo
HOA Fee
Highlights
- Ocean View
- Water Oriented
- Open Floorplan
- Rehoboth Elementary School Rated A
- Building is oceanfront but unit may not have water views
- Coastal Architecture
About This Home
As of October 2020Fresh & Cheerful One level living in well kept Patrician Towers just a stone's throw to the Ocean. This condo has recently been renovated and ready for your enjoyment. Sold tastefully furnished. Enjoy a sneak peak of the ocean from your large balcony. Updates include a renovated bath with custom tile shower, updated kitchen with granite counters, tile backsplash, handsome built-ins, tasteful wainscoting and an electric fireplace. The secure building features onsite management, underground parking, community laundry and a gorgeous roof top pool.
Last Agent to Sell the Property
(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 09/21/2020
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,183
Year Built
- Built in 1970
Lot Details
- 653
HOA Fees
- $649 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Parking Lot
Property Views
- Courtyard
Home Design
- Coastal Architecture
- Transitional Architecture
- Entry on the 3rd floor
- Flat Roof Shape
- Brick Exterior Construction
Interior Spaces
- 750 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Furnished
- Electric Fireplace
- Window Treatments
- Combination Dining and Living Room
- Exterior Cameras
Kitchen
- Breakfast Area or Nook
- Electric Oven or Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Outdoor Features
- Outdoor Shower
- Water Oriented
- Property is near an ocean
- Balcony
- Exterior Lighting
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Additional Features
- Building is oceanfront but unit may not have water views
- Flood Risk
Listing and Financial Details
- Assessor Parcel Number 334-14.14-31.00-308
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, insurance, management, reserve funds, water
- Mid-Rise Condominium
- Patrician Towers Community
- North Rehoboth Subdivision
- Property Manager
Amenities
- Common Area
- Laundry Facilities
- Elevator
Recreation
Security
- Security Service
- Front Desk in Lobby
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 21, 2020
Closed on
Oct 22, 2020
Sold by
Wilmer J Hunter Ret
Bought by
Barineau Michelle
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Christopher Beagle
Compass
List Price
$599,000
Sold Price
$599,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,471
Avg. Annual Appreciation
6.53%
Original Mortgage
$479,200
Outstanding Balance
$426,223
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$402,248
Purchase Details
Closed on
May 1, 2012
Sold by
Wilmer J Wilmer J and Bell Hunter Susan G
Bought by
Hunter Wilmer J
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Barineau Michelle | $599,000 | None Available | |
| Hunter Wilmer J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Barineau Michelle | $479,200 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/23/2020 10/23/20 | Sold | $599,000 | 0.0% | $799 / Sq Ft |
| 09/22/2020 09/22/20 | Pending | -- | -- | -- |
| 09/21/2020 09/21/20 | For Sale | $599,000 | -- | $799 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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
-
DEBBIE REED
-
Christopher Beagle
Buyer's Agent in 2020
Christopher Beagle
Compass
(215) 262-6209
26 in this area
56 Total Sales
About Patrician Towers
Map
Source: Bright MLS
MLS Number: DESU169628
APN: 334-14.14-31.00-308
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.
Nearby Homes
- 8 Olive Ave Unit 205
- 35 Maryland Ave
- 527 North Boardwalk Unit 202
- 45 Baltimore Ave
- 58 Maryland Ave Unit 2
- 18 Delaware Ave
- 16 Delaware Ave
- 28 Delaware Ave
- 40 Park Ave
- 50 Wilmington Ave Unit 103
- 19 Brooklyn Ave
- 57 Delaware Ave Unit B
- 307 South Boardwalk Unit 605
- 19 Laurel St
- 118 Philadelphia St
- 3 Laurel St
- 52 Henlopen Ave
- 121 Laurel St
- 3 Hickman St
- 116 Laurel St
- 8 Olive Ave Unit 202
- 8 Olive Ave Unit 502
- 8 Olive Ave Unit 405
- 8 Olive Ave Unit 301
- 8 Olive Ave Unit 201
- 8 Olive Ave Unit 210
- 8 Olive Ave Unit 402
- 8 Olive Ave Unit 309
- 8 Olive Ave Unit 302
- 8 Olive Ave Unit 208
- 8 Olive Ave Unit 103
- 8 Olive Ave Unit 403
- 8 Olive Ave Unit 207
- 8 Olive Ave Unit 107
- 8 Olive Ave Unit 503
- 8 Olive Ave Unit 110
- 8 Olive Ave Unit 306
- 8 Olive Ave Unit 104
- 8 Olive Ave Unit 507
- 8 Olive Ave Unit 102