NOT LISTED FOR SALE

ONE Virginia Ave Unit 502 Rehoboth Beach, DE 19971

Estimated Value: $670,951 - $897,000

2 Beds
1 Bath
712 Sq Ft
1973 Built

Last Sold May 13, 2016

Last sale price $495,000 $695 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $4,503/month

Highlights

  • Ocean View
  • Private Pool
  • Contemporary Architecture
  • Rehoboth Elementary School Rated A
  • Waterfront
  • Furnished

About This Home

As of May 2016

Ready to go! Sold fully furnished with Ocean and Lake views! This 2br condo is a turn key investment! Tile floors, refreshed kitchen, open living and dining. Oceanfront building with pool, elevator and garage. Literally steps away from the sand and dining, shopping and the boardwalk.

Last Agent to Sell the Property

DEBBIE REED

(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 10/05/2013

RE/MAX Realty Group Rehoboth

Co-Listed By

Cyndi Marsh

(302) 363-5734 cyndi@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0016264

Last Buyer's Agent

JOEY MOSIEJ

joeymosiej@gmail.com Mann & Sons, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,609

Year Built

  • Built in 1973

Lot Details

  • Waterfront

Home Design

  • Contemporary Architecture
  • Entry on the 5th floor
  • Flat Roof Shape
  • Masonry
  • Stucco

Interior Spaces

  • 712 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Window Treatments
  • Ocean Views
  • Intercom

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Private Pool
  • Water Access
  • Property is near an ocean
  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.14-14.00-502

Community Details

Overview

  • Property has a Home Owners Association
  • Mid-Rise Condominium
  • One Virginia Ave Community
  • North Rehoboth Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,609

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary, Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1973
  • Remarks Public: Ready to go! Sold fully furnished with Ocean and Lake views! This 2br condo is a turn key investment! Tile floors, refreshed kitchen, open living and dining. Oceanfront building with pool, elevator and garage. Literally steps away from the sand and dining, shopping and the boardwalk.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Intercom, Microwave, Oven/Range - Electric, Water Heater
  • Entry Floor: 5
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Window Treatments
  • Fireplace: No
  • Foundation Details: Other
  • Level Count: 1
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 712
  • Living Area Sq Ft: 712
  • Net Sq Ft: 712.00
  • Price Per Sq Ft: 737.36
  • Above Grade Finished Sq Ft: 712
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: One

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Stucco
  • Construction Completed: Yes
  • Roof: Flat
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal, Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Under Home Parking

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 8288.00
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Swimming Pool
  • HOA: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Outdoor Living Structures: Balcony

Rental Info

  • Furnished: Yes
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5196021
  • Assessor Parcel Number: 334-14.14-14.00-502
  • County Tax Payment Frequency: Annually
  • Close Date: 05/13/2016

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2013
Closed on
May 5, 2016
Sold by
Triple C Enterprises Limited Partnership
Bought by
Marines Aaron and Marines Tracy
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
JOEY MOSIEJ
Mann & Sons, Inc.
List Price
$495,000
Sold Price
$495,000
Current Estimated Value
$824,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,238
Avg. Annual Appreciation
5.58%
Original Mortgage
$396,000
Outstanding Balance
$314,419
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$509,819

Purchase Details

Closed on
Mar 1, 2012
Sold by
Paul G Paul G
Bought by
Triple C Enterprises Limited Partnership
Source: Public Records

Range of Values:

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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
Marines Aaron $495,000 None Available
Triple C Enterprises Limited Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marines Aaron $396,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2016 05/13/16 Sold $495,000 0.0% $695 / Sq Ft
04/02/2016 04/02/16 Pending -- -- --
10/05/2013 10/05/13 For Sale $495,000 -- $695 / 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 $17,800 $0 $17,800
2024 $969 $17,800 $0 $17,800
2023 $968 $17,800 $0 $17,800
2022 $934 $17,800 $0 $17,800
2021 $925 $17,800 $0 $17,800
2020 $923 $17,800 $0 $17,800
2019 $924 $17,800 $0 $17,800
2018 $863 $19,650 $0 $0
2017 $826 $19,650 $0 $0
2016 $785 $19,650 $0 $0
2015 $750 $19,650 $0 $0
2014 $745 $19,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • DEBBIE REED

    Seller's Agent in 2016

    DEBBIE REED

    RE/MAX

    (302) 227-3818

    273 in this area

    835 Total Sales

    DEBBIE REED
    Section Image
  • Cyndi Marsh

    Seller Co-Listing Agent in 2016

    Cyndi Marsh

    RE/MAX

    (302) 363-5734

    25 in this area

    72 Total Sales

    Cyndi Marsh
    Section Image

  • J

    Buyer's Agent in 2016

    JOEY MOSIEJ

    Mann & Sons, Inc.

See All Agents

Map

Source: Bright MLS

MLS Number: 1000977570

Bright MLS

APN: 334-14.14-14.00-502

Delaware Sussex County Rehoboth Beach 19971

ONE Virginia Ave Unit 502, Rehoboth Beach, DE

This home is located at ONE Virginia Ave Unit 502, Rehoboth Beach, DE 19971 since 05 October 2013 and is currently estimated at $824,238, approximately $1,157 per square foot. This property was built in 1973. ONE Virginia Ave Unit 502 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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