8 Olive Avenue, Unit 205

Rehoboth Beach, DE 19971

$649,000
Price
1
Beds
1
Bath
500 Sq. Ft.
$1,298 / Sq. Ft.
500
Sq. Ft.
$1,298
per Sq. Ft.

Description

L-Efficiency condo converted to a one bedroom with two balconies! Ocean block and close proximity to all Rehoboth Beach has to offer, boardwalk , restaurants , shops , arcades, walking and biking trails. 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...L-Efficiency condo converted to a one bedroom with two balconies! Ocean block and close proximity to all Rehoboth Beach has to offer, boardwalk , restaurants , shops , arcades, walking and biking trails. 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.
  1. Listed by PAMELA RUTH ALBANESE • Mann & Sons, Inc.
    P: 3022279477 pamelanjohn@hotmail.com
  2. Listed by Robert F. McVey Jr. • Mann & Sons, Inc.
    P: 3022367795 bobmcvey@mannandsons.com

Property Details for 8 Olive Avenue, Unit 205

Tax ID Number
334-14.14-31.00-205
Ownership
Condominium
Condo Coop Association
Yes
HOA
No
Entry Floor Number
2
Structure Type
Unit/Flat/Apartment
Style
Unit/Flat
Levels/Stories
6

Location

Listing Courtesy of Mann & Sons, Inc.
Add your commute
LISTING UPDATED: 05/14/2024 04:58 PM

Property Details for 8 Olive Avenue, Unit 205

StatusActive
MLS #DESU2062422
Days on Market18
Taxes$690 / year
HOA Fees-
Condo/Co-op Fees$5,477 / year
Compass TypeCondo
MLS TypeResidential / Condo
Year Built1970
CountySussex County

Location

Listing Courtesy of Mann & Sons, Inc.
Add your commute

Building Information for 8 Olive Avenue, Unit 205

Building/ComplexPatrician TowersFloor2Stories6Residences52Pet PolicyAllowedYear Built1970

Payment Calculator

$4,056 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,542

Property Taxes

$58

HOA Dues

$456

The Payment Calculator is for illustrative purposes only.

Property Information for 8 Olive Avenue, Unit 205

Location
Location
  • In City Limits: Yes
  • Transportation: Bus Stop less than 1 mile
  • School District Name: CAPE HENLOPEN
  • School District County ID: 300200396895
  • SchoolDistrictSource: Listing Agent
  • Elementary School: REHOBOTH (SUSSEX DE)
  • ElementarySchoolSource: Listing Agent
  • Middle Or Junior School: BEACON (SUSSEX DE)
  • MiddleSchoolSource: Listing Agent
  • High School: CAPE HENLOPEN (SUSSEX DE)
  • HighSchoolSource: Listing Agent
  • County: SUSSEX
  • MLS Area: Lewes Rehoboth Hundred (31009)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Condo Coop Name: Patrician Towers
  • Condo Coop Phone: (302) 373-6479
  • HOA Condo Coop Mgmt Type: Owner/Self-Management
  • HOA Condo Coop Fee Includes: Sewer, Water, Snow Removal, Pest Control, Custodial Services Maintenance, Ext Bldg Maint, Insurance
  • HOA Condo Coop Amenities: Elevator, Pool - Outdoor
  • Property Manager Y/N: No
  • Senior Community: No
  • Association Recreation Fee Y/N: No
  • Type of Condo: Condo/Coop Association
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Year Assessed: 2023
  • City Town Tax: $175
  • Clean Green Assessed: No
  • Land Use Code: 999
  • Historic: No
  • Zoning: CITY
  • School Tax: $515
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Pets Allowed: Yes
  • Pet Restrictions: Cats OK, Dogs OK
Rooms
Main
  • # Bedrooms Count Main Level: 1
  • # Bathrooms Count Main Level: 1
  • # Bathrooms Full Main Level: 1
Rooms
  • Room List: Living Room, Dining Room, Kitchen
  • Stories: Main
Rooms Information
Room 1
  • Room Type: Dining Room
  • Room Level: Main
  • Room Exists: Yes
Room 2
  • Room Type: Kitchen
  • Room Level: Main
  • Room Exists: Yes
Room 3
  • Room Type: Living Room
  • Room Level: Main
  • Room Exists: Yes
Financial Information
Financial Information
  • Annual Rental Income: $13,500
Building Info
Building Info
  • Building Level Count: 6
  • Building Units Total: 52
Lot / Land Information
Lot / Land Information
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 5196178
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Off Street, Parking Garage
  • Parking Garage - # of Spaces: 1
  • Total Garage Spaces: 1
  • Garage Features: Basement Garage
Interior Features
Interior Features
  • Interior Features: Ceiling Fan(s)
  • Fireplace: No
  • Accessibility Features: Elevator
  • Security Features: Surveillance Sys
  • Door Features: Insulated, Storm
Exterior Features
Exterior Features
  • Spa: No
  • Exterior Features: Exterior Lighting, Extensive Hardscape, Outside Shower, Sidewalks, Street Lights
  • Outdoor Living Structures: Balcony
  • Pool: Yes - Community
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Septic
Confidential Data
Listing Office
  • List Agent AOR: Sussex County Association of REALTORS (DE)

Property History for 8 Olive Avenue, Unit 205

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8 Olive Avenue, Unit 205

Taxable ValueLand-Additions$11,500Total-
Tax Record2023$566 ($47 / month)
Home Facts
Beds0StyleCondominiumZoningTNCountySUSSEXAPN334-14.14-31.00-205

Schools near 8 Olive Avenue, Unit 205

This home is within Cape Henlopen School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Rehoboth Elementary School
PublicK to 5

Mariner Middle School
Public6 to 8

Cape Henlopen High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

8 Olive Avenue, Unit 205 is a condo for sale in Rehoboth Beach, DE 19971. This property was listed for sale on May 14, 2024 by Mann & Sons, Inc., it's currently listed at $649,000. It has been on the market for a total of 18 days and was last sold on April 13, 2017. This listing's school district is Cape Henlopen School District. Nearby schools include Rehoboth Elementary School, Mariner Middle School and Cape Henlopen High School. 8 Olive Avenue, Unit 205 is a 1-bed, 1-bath, 500 sqft condo built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mann & Sons, Inc.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.