NOT LISTED FOR SALE

Patrician Towers 8 Olive Ave Unit 406 Rehoboth Beach, DE 19971

Estimated Value: $431,173 - $786,000

-- Bed
1 Bath
-- Sq Ft
$448/mo HOA Fee

Last Sold February 24, 2020

Last sale price $317,000

Est. 84% increase in value since last sale

Current estimated payment $3,641/month

Highlights

  • Water Oriented
  • Heated Community Pool
  • Level Entry For Accessibility
  • Rehoboth Elementary School Rated A
  • Efficiency Studio
  • Doors swing in

About This Home

As of February 2020

Patrician Towers, Ocean view, eff condo, close to boardwalk & beach, roof top pool, walking distance to shopping, and all kinds of eating places, nice view of ocean from balcony. Underground parking. Furnishings are negotiable.

Last Agent to Sell the Property

BROWN THAWLEY

(302) 236-1674 brownatthebeach@aol.com Mann & Sons, Inc. Listed on: 03/06/2019

Last Buyer's Agent

Frank Serio

(302) 236-4278 frank@TheSerios.com Monument Sotheby's International Realty License #RA-0020583

Monument Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $623

Year Built

  • Built in 1970

Lot Details

  • Northeast Facing Home

HOA Fees

  • $448 Monthly HOA Fees

Parking

  • Unassigned Parking

Home Design

  • Entry on the 4th floor
  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation
  • Block Wall
  • Tar and Gravel Roof
  • Composition Roof
  • Asphalt Roof
  • Masonry

Interior Spaces

  • 1 Full Bathroom
  • Property has 1 Level
  • Brick Wall or Ceiling
  • Window Treatments
  • Efficiency Studio

Flooring

  • Carpet
  • Vinyl

Accessible Home Design

  • Accessible Elevator Installed
  • Doors swing in
  • Doors with lever handles
  • Level Entry For Accessibility

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property is near an ocean
  • Exterior Lighting

Utilities

  • Central Heating
  • Geothermal Heating and Cooling
  • 150 Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 334-14.14-31.00-406

Community Details

Overview

  • Association fees include laundry, management, sewer, water
  • Mid-Rise Condominium
  • Patrician Towers Community
  • Property Manager

Amenities

  • Common Area
  • Laundry Facilities

Recreation

Property Details

Home Type

Condominium

Est. Annual Taxes

$623

Year Built

Built in 1970

Lot Details

0

HOA Fees

$448 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Doors - Lever Handle(s), Doors - Swing In, Elevator, Level Entry - Main
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1970
  • Remarks Public: Patrician Towers, Ocean view, eff condo, close to boardwalk & beach, roof top pool, walking distance to shopping, and all kinds of eating places, nice view of ocean from balcony. Underground parking. Furnishings are negotiable.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 4
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Carpet, Flat, Window Treatments, Efficiency
  • Wall Ceiling Types: Block Walls, Brick, Dry Wall, Masonry
  • Foundation Details: Block, Brick/Mortar
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Common
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8

Beds/Baths

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block, Brick Veneer, Concrete, Masonry
  • Exterior Features: Exterior Lighting, Outside Shower, Street Lights
  • Roof: Asphalt, Composite, Tar/Gravel
  • Water Access: No
  • Water Body Name: Atlantic
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Unassigned, Under Home Parking

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Geothermal
  • Cooling Type: Geothermal
  • Electric Service: 150 Amps
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 5372.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Common Grounds, Elevator, Laundry Facilities, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Laundry, Management, Sewer, Water
  • HOA: No
  • Senior Community: No
  • Community Pool Features: Filtered, Heated

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2018
  • Zoning: Q
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5196201
  • School Tax: 464.00
  • Tax Annual Amount: 623.00
  • Assessor Parcel Number: 334-14.14-31.00-406
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 02/24/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2022
Sold by
Delmar J Lewis Trust
Bought by
Lewis Christopher John
Current Estimated Value
$583,293

Purchase Details

Listed on
Mar 6, 2019
Closed on
Feb 24, 2020
Sold by
Raihall William T and Raihall Nancy
Bought by
Delmar J Lewis Ret
Seller's Agent
BROWN THAWLEY
Mann & Sons, Inc.
Buyer's Agent
Frank Serio
Monument Sotheby's International Realty
List Price
$337,900
Sold Price
$317,000
Premium/Discount to List
-$20,900
-6.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.80%

Purchase Details

Closed on
Sep 30, 1997
Bought by
Raihall William T and Raihall Nancy
Source: Public Records

Range of Values:

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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
Lewis Christopher John $350,000 Hudson Jones Jaywork & Fisher
Delmar J Lewis Ret $317,000 None Available
Raihall William T $117,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2020 02/24/20 Sold $317,000 -6.2% --
01/23/2020 01/23/20 Pending -- -- --
06/03/2019 06/03/19 Price Changed $337,900 0.0% --
06/03/2019 06/03/19 For Sale $337,900 0.0% --
03/06/2019 03/06/19 For Sale $337,900 -- --
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 $11,750 $0 $11,750
2024 $579 $11,750 $0 $11,750
2023 $579 $11,750 $0 $11,750
2022 $558 $11,750 $0 $11,750
2021 $553 $11,750 $0 $11,750
2020 $552 $11,750 $0 $11,750
2019 $552 $11,750 $0 $11,750
2018 $516 $11,750 $0 $0
2017 $494 $11,750 $0 $0
2016 $469 $11,750 $0 $0
2015 $448 $11,750 $0 $0
2014 $445 $11,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    BROWN THAWLEY

    Mann & Sons, Inc.

    Section Image
  • Frank Serio

    Buyer's Agent in 2020

    Frank Serio

    Monument Sotheby's International Realty

    (302) 236-4278

    3 in this area

    44 Total Sales

    Frank Serio
    Section Image
See All Agents

About Patrician Towers

Map

Source: Bright MLS

MLS Number: DESU133510

Bright MLS

APN: 334-14.14-31.00-406

Delaware Sussex County Rehoboth Beach 19971

8 Olive Ave Unit 406, Rehoboth Beach, DE

This home is located at 8 Olive Ave Unit 406, Rehoboth Beach, DE 19971 since 06 March 2019 and is currently estimated at $583,293. This property was built in 1970. 8 Olive Ave Unit 406 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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