Seller's Agent in 2020
DEBBIE REED
RE/MAX
(302) 227-3818
272 in this area
833 Total Sales
Patrician Towers 8 Olive Ave Unit 308 Rehoboth Beach, DE 19971
Estimated Value: $790,000 - $910,000
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
$246,860
Avg. Annual Appreciation
7.25%
Original Mortgage
$479,200
Outstanding Balance
$427,185
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$418,675
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
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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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
29 in this area
60 Total Sales
About Patrician Towers
Map
Source: Bright MLS
MLS Number: DESU169628
APN: 334-14.14-31.00-308
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