NOT LISTED FOR SALE

ONE Virginia Ave Unit 304 Rehoboth Beach, DE 19971

Estimated Value: $588,921 - $929,000

2 Beds
1 Bath
712 Sq Ft
$694/mo HOA Fee

Last Sold September 09, 2020

Last sale price $558,300 $784 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $5,063/month

8 Days on Market

Highlights

  • Ocean View
  • Home fronts navigable water
  • 24-Hour Security
  • Rehoboth Elementary School Rated A
  • Access to Tidal Water
  • Building is oceanfront but unit may not have water views

About This Home

As of September 2020

Enjoy the wonderful ocean views from your balcony of this two bedroom condominium in One Virginia Avenue. This is the most sought after building in Rehoboth Beach, with your own storage area, assigned secure garage parking, and a large community pool with sundeck. This unit is tastefully decorated and being sold furnished with a few exclusions. Good rental history and very easy to rent on a weekly basis when you can't enjoy it yourself. New Pella windows and doors were recently installed. Just steps to the boardwalk and beach, and a short walk to downtown shopping, restaurants, and all that Rehoboth Beach has to offer. Condominium fees include heat, a/c, and hot water. Don't miss out on this opportunity!

Last Agent to Sell the Property

Terry Millman

(302) 226-6640 TERRY@JACKLINGO.COM Jack Lingo - Rehoboth License #RA-0002220 Listed on: 07/03/2020

Jack Lingo - Rehoboth

Co-Listed By

Rick Monkman

(302) 226-6658 monk0388@aol.com Jack Lingo - Rehoboth License #RS-0016097

Last Buyer's Agent

Cheryl Lynn Crowe

(302) 745-9915 cheryl@jacklingo.com Jack Lingo - Rehoboth License #RS-0020914

Jack Lingo - Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,062

Year Built

  • Built in 1974

Lot Details

  • Building is oceanfront but unit may not have water views
  • Home fronts navigable water

HOA Fees

  • $694 Monthly HOA Fees

Parking

  • 1 Assigned Subterranean Space

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 712 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Window Treatments
  • Sliding Doors
  • Combination Dining and Living Room
  • Carpet
  • Ocean Views

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Access to Tidal Water
  • Water Access
  • Property is near an ocean
  • Exterior Lighting

Schools

  • Rehoboth Elementary School
  • Beacon Middle School
  • Cape Henlopen High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Additional Features

  • Accessible Elevator Installed
  • Energy-Efficient Windows

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-14.00-304

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, laundry, lawn maintenance, management, pool(s), reserve funds, sewer, trash, water, air conditioning, electricity, heat, insurance
  • Mid-Rise Condominium
  • One Virginia Ave Community
  • North Rehoboth Subdivision
  • Property Manager

Amenities

  • Laundry Facilities
  • Community Storage Space
  • 2 Elevators

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Security

  • 24-Hour Security
  • Front Desk in Lobby

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,062

Year Built

Built in 1974

Lot Details

0

HOA Fees

$694 per month

Parking

1

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: Elevator
  • Ownership: Condominium
  • Exclusions: Some artwork and two Teak chairs in bedroom.
  • Inclusions: Furnished as seen.
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1974
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Enjoy the wonderful ocean views from your balcony of this two bedroom condominium in One Virginia Avenue. This is the most sought after building in Rehoboth Beach, with your own storage area, assigned secure garage parking, and a large community pool with sundeck. This unit is tastefully decorated and being sold furnished with a few exclusions. Good rental history and very easy to rent on a weekly basis when you can't enjoy it yourself. New Pella windows and doors were recently installed. Just steps to the boardwalk and beach, and a short walk to downtown shopping, restaurants, and all that Rehoboth Beach has to offer. Condominium fees include heat, a/c, and hot water. Don't miss out on this opportunity!
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Microwave, Oven/Range - Electric, Refrigerator
  • Entry Floor: 1
  • Interior Amenities: Carpet, Combination Dining/Living, Elevator, Entry Level Bedroom, Window Treatments
  • Window Features: Energy Efficient
  • Fireplace: No
  • Door Features: Sliding Glass
  • Elevators Count: 2
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Kitchen
  • Basement: No
  • Laundry Type: Common
  • Total Sq Ft: 712
  • Living Area Sq Ft: 712
  • Price Per Sq Ft: 793.40
  • Above Grade Finished Sq Ft: 712
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: ONE

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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: Concrete
  • Exterior Features: Exterior Lighting
  • Road Surface Type: Paved
  • Spa: No
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Garage Features: Underground
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Desk In Lobby, 24 Hour Security
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Sewer Available, Water Available, Phone Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2083.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Elevator, Extra Storage, Laundry Facilities, Pool - Outdoor, Reserved/Assigned Parking, Security, Storage Bin
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Laundry, Lawn Maintenance, Management, Pool(s), Reserve Funds, Sewer, Trash, Water, Air Conditioning, Electricity, Heat, Insurance
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Fenced

Schools

  • School District: CAPE HENLOPEN
  • Elementary School: REHOBOTH
  • Middle School: BEACON
  • High School: CAPE HENLOPEN
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 300200396895
  • School District Source: 3rd Party
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Lot Info

  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2020
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 13650.00
  • Vacation Rental: Yes
  • Property Manager: Yes
  • Rent Spree Online Application: No

Tax Info

  • School Tax: 716.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1062.00
  • Assessor Parcel Number: 334-14.14-14.00-304
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 09/09/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2020
Closed on
Sep 9, 2020
Sold by
Lambros Daniel and Lambros Cheryl
Bought by
Smith David B and Symons-Smith Jan M
Seller's Agent
Terry Millman
Jack Lingo - Rehoboth
Buyer's Agent
Cheryl Lynn Crowe
Jack Lingo - Rehoboth
List Price
$564,900
Sold Price
$558,300
Premium/Discount to List
-$6,600
-1.17%
Current Estimated Value
$798,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,430
Avg. Annual Appreciation
7.33%

Purchase Details

Closed on
Sep 2, 2003
Bought by
Lambros Daniel and Cheryl Lambros
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
Smith David B $558,300 None Available
Lambros Daniel $456,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2020 09/09/20 Sold $558,300 -1.2% $784 / Sq Ft
07/11/2020 07/11/20 Pending -- -- --
07/03/2020 07/03/20 For Sale $564,900 -- $793 / Sq Ft
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 $1,609 $16,850 $0 $16,850
2024 $917 $16,850 $0 $16,850
2023 $916 $16,850 $0 $16,850
2022 $884 $16,850 $0 $16,850
2021 $876 $16,850 $0 $16,850
2020 $873 $16,850 $0 $16,850
2019 $875 $16,850 $0 $16,850
2018 $817 $18,600 $0 $0
2017 $782 $18,600 $0 $0
2016 $743 $18,600 $0 $0
2015 $710 $18,600 $0 $0
2014 $705 $18,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU163888

Bright MLS

APN: 334-14.14-14.00-304