2 Virginia Avenue, Unit 526

Rehoboth Beach, DE 19971

$650,000
Last Sold Price
2
Beds
2
Baths
1,320 Sq. Ft.
$492 / Sq. Ft.
1,320
Sq. Ft.
$492
per Sq. Ft.

Description

All of the Edgewater House condominiums offer direct ocean views from the main living area and the balcony. And the two bedrooms in this condo have views of the pool, which is open from Memorial Day through Labor Day. This particular Unit has been in the same family ownership for nearly 25 years, and has been used mostly by family & friends; however, the Edgewater House commands rates from approximately +$3k/week in the peak season, $2k in the shoulder season, and approximately $1.2k in the off season...All of the Edgewater House condominiums offer direct ocean views from the main living area and the balcony. And the two bedrooms in this condo have views of the pool, which is open from Memorial Day through Labor Day. This particular Unit has been in the same family ownership for nearly 25 years, and has been used mostly by family & friends; however, the Edgewater House commands rates from approximately +$3k/week in the peak season, $2k in the shoulder season, and approximately $1.2k in the off season for the two-bedroom condos, so this could be an excellent investment property! Unit #526 still has some of the original 1966 vintage touches such as the "bamboo" trim accents & the knotty pine walls. This Unit is a two-story condo with the main entryway foyer off of the 5th floor. The second bedroom is on this level, too. It has an en suite bath with a full-size tiled shower. It also features an entire "wall" of closet & storage space, and sliding glass doors out to a narrow balcony area where you can hang your towels to dry after a day on the beach or at the pool. The stairs from the 5th floor, which have closet storage and built-in bookshelves, lead down to the main living area. You'll find the first bedroom down here. It has a similar layout to bedroom #2 upstairs, but the en suite bath has a tub/shower combo and a linen closet, but the large closet is to the right as you enter the bedroom. The L-shaped kitchen has a pantry, fridge, dishwasher, disposal, and an electric range with range hood. There's extra countertop & cabinet space in this Unit on the back wall of the hall's utility closet space. The kitchen adjoins a spacious dining area. And the dining area opens to the large living room, which has panoramic views of the ocean. The living room's oversized sliding glass doors lead out to your 8'x14' ocean-front balcony where you can relax & watch the waves or the passers-by on the boardwalk below. The living room also has a Murphy bed for your overflow guests. Furnished and "Turn Key". Community, coin-operated laundry in the building's basement. Bike storage area in the basement, too (Unit Owners may store beach chairs here, but Renters cannot). Condo fees include one assigned parking space, and 2 City of Rehoboth-issued parking permits for non-metered spaces as part of your City taxes. Condo dues also include the pool, hot & cold water, sewer, WiFi, and 2x/yr maintenance on the AC mechanicals in the Unit. Edgewater House is a completely non-smoking building Pets, up to 3, are only permitted for Unit Owners, not for Renters No rentals of less than 3 days
  1. Listed by LINDA BOVA • SEA BOVA ASSOCIATES INC.
    P: 3025424197 realestate@seabova.com
  2. Listed by BRIDGET BAUER • SEA BOVA ASSOCIATES INC.
    P: 3022271222 bridget@seabova.com

Property Details for 2 Virginia Avenue, Unit 526

Tax ID Number
334-14.14-23.00-526
Ownership
Condominium
Condo Coop Association
Yes
HOA
No
Entry Floor Number
5
Structure Type
Penthouse Unit/Flat/Apartment
Style
Split Level, Traditional
Levels/Stories
2

Location

Listing Courtesy of SEA BOVA ASSOCIATES INC.

Sold By RE/MAX Realty Group Rehoboth

Add your commute
LISTING UPDATED: 08/17/2022 01:05 PM

Property Details for 2 Virginia Avenue, Unit 526

StatusClosed
MLS #DESU149780
Days on Market217
Taxes$1,592 / year
HOA Fees-
Condo/Co-op Fees$3,160 / quarter
Compass TypeCondo
MLS TypeResidential / Condo
Year Built1966
CountySussex County

Location

Listing Courtesy of SEA BOVA ASSOCIATES INC.

Sold By RE/MAX Realty Group Rehoboth

Add your commute

Building Information for 2 Virginia Avenue, Unit 526

Building/ComplexEdgewater HouseFloor-Stories2Residences54Pet Policy-Year Built1966

Payment Calculator

$4,733 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,547

Property Taxes

$133

HOA Dues

$1,053

The Payment Calculator is for illustrative purposes only.

Property Information for 2 Virginia Avenue, Unit 526

Location
Location
  • In City Limits: Yes
  • School District Name: CAPE HENLOPEN
  • School District County ID: 300200396895
  • SchoolDistrictSource: Listing Agent
  • County: SUSSEX
  • MLS Area: Lewes Rehoboth Hundred (31009)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: Yes
  • Water Access: Yes
  • Water Access Features: Public Access, Public Beach, Swimming Allowed
  • Water Oriented: Yes
  • Navigable Water: Yes
  • Tidal Water: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Riparian Rights Y/N: No
  • Distance To Body Of Water: 300.00
  • Distance To Body Of Water Units: Feet
Association / Community Info
Association / Community Info
  • Condo Coop Name: Edgewater House Assoc. of Owners
  • Condo Coop Phone: 302-227-3090
  • HOA Condo Coop Mgmt Type: Professional - On-site, Owner/Self-Management
  • HOA Condo Coop Fee Includes: All Ground Fee, Common Area Maintenance, Ext Bldg Maint, Management, Pool(s), Reserve Funds, Water
  • HOA Condo Coop Amenities: Beach, Elevator, Pool - Outdoor, Reserved/Assigned Parking, Security, Swimming Pool
  • Property Manager Y/N: Yes
  • Elevator Use Fee: $0
  • Senior Community: No
  • Association Recreation Fee Y/N: No
  • Capital Contribution Amount: $0
  • Type of Condo: Condo/Coop Association
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2019
  • Year Assessed: 2019
  • County Tax: $1,222
  • City Town Tax: $370
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: RC
  • Refuse Fee: $300
  • Loss Mitigation Fee: No
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: TN
  • Zoning Dscrp: Town Codes
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Concessions: No
Rooms
Main
  • # Bedrooms Count Main Level: 1
  • # Bathrooms Count Main Level: 1
  • # Bathrooms Full Main Level: 1
  • # Bathrooms Half Main Level: 0
All Upper Levels
  • # Bedrooms Count All Upper Levels: 1
  • # Bathrooms Count All Upper Levels: 1
  • # Bathrooms Full All Upper Levels: 1
  • # Bathrooms Half All Upper Levels: 0
Upper Level 1
  • # Bedrooms Count Upper Level: 1
  • # Bathrooms Count Upper Level: 1
  • # Bathrooms Full Upper Level: 1
  • # Bathrooms Half Upper Level: 0
Rooms
  • Room List: Living Room, Dining Room, Bedroom 2, Kitchen, Foyer, Bedroom 1, Bathroom 2
  • Stories: Main, Upper 1
Financial Information
Expenses
  • Water Avg Month: $0
  • Water Prev 12 Months: $0
  • Heating Oil Avg Month: $0
  • Heating Oil Prev 12 Months: $0
  • Gas Avg Month: $0
  • Gas Prev 12 Months: $0
Building Info
Building Info
  • Building Level Count: 6
  • Building Units Total: 54
  • Total Finished SQFT: 1,320.00
  • Total Finished SQFT Source: Estimated
  • Tax Total Finished SQFT: .00
  • Total SQFT: 1,320.00
  • Total SQFT Source: Estimated
  • Floors In Unit Count: 2
  • Elevators Count: 1
  • Construction Materials: Masonry
  • Roof: Rubber
  • Common Walls: 2+ Common Walls
  • Flooring Type: Carpet, Tile/Brick, Vinyl
  • Basement Type: Other
  • Room and Floor: Bedrooms-Main Level-1, Bathrooms Full-Main Level-1, Bedrooms-Upper Level 1-1, Bathrooms Full-Upper Level 1-1
  • # Bathrooms Full: 2
  • # Bathrooms Half: 0
Lot / Land Information
Lot / Land Information
  • Road Responsibility: City/County
  • Location Type: Oceanfront
  • Parcel ID: 5196152
  • Additional Parcels: No
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Parking Lot, On Street, Other
  • Number of Assigned Spaces: 1
  • Total Non-Garage Parking Spaces: 1
  • Parking Features: Assigned
Interior Features
Interior Features
  • Interior Features: Carpet, Combination Dining/Living, Floor Plan - Traditional, Kitchen - Galley, Primary Bath(s), Window Treatments
  • Fireplace: No
  • Fireplaces Count: 0
  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Range Hood
  • Accessibility Features: None
  • Security Features: Main Entrance Lock, Resident Manager
  • Window Features: Insulated
  • Laundry Type: Common, Basement
Exterior Features
Exterior Features
  • Spa: No
  • Pool: Yes - Community
  • Community Pool Features: Gunite, In Ground, Fenced
  • Horse: No
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Geothermal
  • Heating Type: Baseboard - Electric
  • Heating Fuel: None
  • Hot Water: Other
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Sussex County Association of REALTORS (DE)

Property History for 2 Virginia Avenue, Unit 526

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2 Virginia Avenue, Unit 526

Taxable ValueLand-Additions$21,150Total-
Tax Record2023$1,280 ($107 / month)
Home Facts
Beds0StyleCondominiumZoningTNCountySUSSEXAPN334-14.14-23.00-526

Schools near 2 Virginia Avenue, Unit 526

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.

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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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of SEA BOVA ASSOCIATES 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.