P
Seller's Agent in 2022
Pamela Rut Albanese
Mann & Sons, Inc.
2 in this area
2 Total Sales
Patrician Towers 8 Olive Ave Unit 403 Rehoboth Beach, DE 19971
--
Bed
1
Bath
500
Sq Ft
$417/mo
HOA Fee
Highlights
- Private Pool
- Furnished
- Surveillance System
- Rehoboth Elementary School Rated A
- Balcony
- Tile or Brick Flooring
About This Home
As of September 2022Ocean block steps to the boardwalk! Park in the underground garage and walk to restaurants and shops. Enjoy spectacular panoramic views of the ocean and beautiful coastline from the roof top pool.
Last Agent to Sell the Property
BROWN THAWLEY
(302) 236-1674 brownatthebeach@aol.com Mann & Sons, Inc. Listed on: 12/17/2015
Last Buyer's Agent
BROWN THAWLEY
(302) 236-1674 brownatthebeach@aol.com Mann & Sons, Inc. Listed on: 12/17/2015
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $556
Year Built
- Built in 1970
HOA Fees
- $417 Monthly HOA Fees
Home Design
- Entry on the 4th floor
- Flat Roof Shape
- Brick Exterior Construction
- Block Foundation
- Masonry
Interior Spaces
- 1 Full Bathroom
- 500 Sq Ft Home
- Property has 1 Level
- Furnished
- Surveillance System
Kitchen
- Electric Oven or Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Tile or Brick
Outdoor Features
- Private Pool
- Balcony
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Municipal Trash
Listing and Financial Details
- Assessor Parcel Number 334-14.14-31.00-403
Community Details
Overview
- Low-Rise Condominium
- Patrician Towers Community
- North Rehoboth Subdivision
Building Details
- Trash Expense $275
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 30, 2022
Closed on
Sep 13, 2022
Sold by
Lisa Hower
Bought by
Hicks Le Rois and Hicks Susan
Seller's Agent
Pamela Rut Albanese
Mann & Sons, Inc.
Buyer's Agent
Maribeth Baxter
Pantano Real Estate Inc
List Price
$675,000
Sold Price
$625,000
Premium/Discount to List
-$50,000
-7.41%
Views
45
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
$56,736
Avg. Annual Appreciation
2.90%
Original Mortgage
$531,250
Outstanding Balance
$450,252
Interest Rate
4.26%
Mortgage Type
New Conventional
Estimated Equity
$231,484
Purchase Details
Listed on
Dec 17, 2015
Closed on
Dec 15, 2017
Sold by
Han Pierre
Bought by
Hower Lisa
Seller's Agent
BROWN THAWLEY
Mann & Sons, Inc.
Buyer's Agent
BROWN THAWLEY
Mann & Sons, Inc.
List Price
$325,000
Sold Price
$313,000
Premium/Discount to List
-$12,000
-3.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.78%
Original Mortgage
$281,700
Interest Rate
3.95%
Mortgage Type
Unknown
Purchase Details
Closed on
Mar 25, 1997
Bought by
Han Pierre (Trustee)
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $625,000 | -- | |
| Deed | $313,000 | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $531,250 | New Conventional | |
| Previous Owner | $281,700 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/13/2022 09/13/22 | Sold | $625,000 | 0.0% | $1,250 / Sq Ft |
| 08/04/2022 08/04/22 | Price Changed | $625,000 | -7.4% | $1,250 / Sq Ft |
| 08/04/2022 08/04/22 | Price Changed | $675,000 | +8.0% | $1,350 / Sq Ft |
| 08/03/2022 08/03/22 | Price Changed | $625,000 | -7.4% | $1,250 / Sq Ft |
| 07/30/2022 07/30/22 | For Sale | $675,000 | +115.7% | $1,350 / Sq Ft |
| 12/27/2017 12/27/17 | Sold | $313,000 | -3.7% | $626 / Sq Ft |
| 12/05/2017 12/05/17 | Pending | -- | -- | -- |
| 12/01/2017 12/01/17 | For Sale | $325,000 | +3.8% | $650 / Sq Ft |
| 11/30/2017 11/30/17 | Off Market | $313,000 | -- | -- |
| 12/17/2015 12/17/15 | For Sale | $325,000 | -- | $650 / 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 | $1,209 | $11,500 | $0 | $11,500 |
| 2024 | $567 | $11,500 | $0 | $11,500 |
| 2023 | $566 | $11,500 | $0 | $11,500 |
| 2022 | $547 | $11,500 | $0 | $11,500 |
| 2021 | $542 | $11,500 | $0 | $11,500 |
| 2020 | $540 | $11,500 | $0 | $11,500 |
| 2019 | $541 | $11,500 | $0 | $11,500 |
| 2018 | $505 | $11,500 | $0 | $0 |
| 2017 | $484 | $11,500 | $0 | $0 |
| 2016 | $459 | $11,500 | $0 | $0 |
| 2015 | $439 | $11,500 | $0 | $0 |
| 2014 | $436 | $11,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Pamela Rut Albanese
-
Maribeth Baxter
M
Buyer's Agent in 2022
Maribeth Baxter
Pantano Real Estate Inc
(302) 740-7313
2 in this area
5 Total Sales
-
B
Seller's Agent in 2017
BROWN THAWLEY
Mann & Sons, Inc.
About Patrician Towers
Map
Source: Bright MLS
MLS Number: 1001012580
APN: 334-14.14-31.00-403
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