Please stand by!
USDAProperties.com is verifying property eligibility...

 

 

 

$649,000   Price Analysis
USDAProperties Agent Contact Page  Agent Details  share icon     map icon  QR
8 Olive Ave Apt 205
Rehoboth Beach, DE 19971
1 bed 1 bath 500 SqFt ($1298/SqFt)
Built 1970
Listed 2024-05-14, HOA $456, Taxes $546
USDA Eligible
near Rehoboth Beach, DE
 

L-Efficiency condo converted to a one bedroom with two balconies!

Ocean block and close p roximity to all Rehoboth Beach has to offer, boardwalk , restaurants , shops , arcades, walking and biking trils. LVP flooring is shown throughout and the inviting open floor plan with dining and living area combination is filled with bright natural light that shines through from the glass slider doors that lead to southside balcony. The bedroom is shown with serene tones and an organized closet along with a private west side balcony.

You will also be able to relax and enjoy incredible panoramic views of the beach and boardwalk from the roof top pool and sun deck or sit by the koi pond at the front courtyard with seating. The secure building offers on site management, laundry room , garage parking , elevator , outdoor sand and foot shower and outdoor bathroom. Condo fees include public water and sewer, building insurance and common ground maintenance. Rental potential income, as this condo is rented for 12 weeks this summer season.


Presented by PAMELA RUTH ALBANESE at
Mann & Sons, Inc. REALTORS.


Property MLS #DESU2062422 from BrightMLS

Bedrooms: 1

Total Bathrooms: 1
Full Bathrooms: 1

Ceiling Fan(s)

Cooling Features: Central A/C
Heating Features: Forced Air
Heating: Yes

Washer Dryer Hookup: No

Dining Room Level: Main
Kitchen Level: Main

Living Room Level: Main

Garage Features: Basement Garage
Parking Features: Parking Garage Spaces: 1, Off Street, Parking Garage
Parking Total: 1

Association: No
Association Fee: 456
Association Fee Frequency: Annually
Calculated Total Monthly Association Fees: 456

Elementary School: REHOBOTH
High School: CAPE HENLOPEN
Middle School: BEACON
School District: CAPE HENLOPEN

Rehoboth Elementary School is a public elementary school located approximately 0.9 miles away.
directions icon Map directions

Cape Henlopen High School is a public high school located approximately 4.7 miles away.
directions icon Map directions

Mariner Middle School is a public middle school located approximately 13.1 miles away.
directions icon Map directions

Number of Units: 52

Annual Tax Amount: 689.78
Source Listing Status: Active
County: SUSSEX
Disclaimer: Standard
Ownership: Condominium
Source Property Type: Residential
Area: SUSSEX
Property Subtype: condo
Source Neighborhood: NORTH REHOBOTH
Postal Code Plus 4: 2864
Subdivision: NORTH REHOBOTH
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$11,500 + $unknown
$11,500
$546
2021$11,500 + $unknown
$11,500
$541
2020$11,500 + $unknown
$11,500
$539
2019$11,500 + $unknown
$11,500
$540
2018$11,500 + $unknown
$11,500
$505
2017$11,500 + $unknown
$11,500
$483
2016$11,500 + $unknown
$11,500
$459
2015$11,500 + $unknown
$11,500
$438
2014$11,500 + $unknown
$11,500
$435
2013$11,500 + $unknown
$11,500
$423
2012$unknown + $unknown
$11,500
$421
2011$unknown + $unknown
$11,500
$377

Listed 2024-05-14
$649,000
BrightMLS
Sold 2017-04-13
$311,000
BrightMLS
Listing removed 2017-03-08
$319,000
Sussex
Listed 2017-02-24
$319,000
BrightMLS
Listed 2017-02-24
$319,000
Sussex
Listing removed 2016-11-01
$349,000
Sussex
Price Changed 2016-09-07
$349,000
Sussex
Listed 2016-06-03
$369,000
Sussex
Sold 2006-09-20
$437,500
Public Record

Year Built: 1970
Above Grade Finished Area: 500
Building Name: Patrician Towers
Construction Materials: Block, Brick, Concrete, Glass
Property Age: 54
Levels or Stories: 6
Structure Type: Unit/Flat/Apartment
House Style: Unit/Flat
Total Area Sqft: 500
Elevator: Yes

Elevator
Click Thumbnail Images To View Full Size
dining_roomliving_roomdining_roomdining_roomdining_room
bedroombedroomunknownbathroombathroom
unknownunknownkitchenkitchenunknown
unknownliving_roompoolporchhouse_view
house_view

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.