2 Virginia Avenue, Unit 526

Rehoboth Beach, DE 19971

$725,000
Price
2
Beds
2
Baths
1,320 Sq. Ft.
$549 / Sq. Ft.
1,320
Sq. Ft.
$549
per Sq. Ft.

Property Details for 2 Virginia Avenue, Unit 526

StatusActive
MLS #DESU149780
Year Built1966
DOM8
Compass TypeCondo
MLS TypeResidential / Condo
Taxes$1,592 / year
Condo/Co-op Fees$3,160 / month
HOA Fees-
CountySussex County

Listing Agent

LINDA BOVA

SEA BOVA ASSOCIATES INC.

realestate@seabova.com

P: 302.542.4197

Contact Agent(s)

Property Details for 2 Virginia Avenue, Unit 526

Subdivision
NORTH REHOBOTH
Legal Subdivision
NORTH REHOBOTH
Municipality
CITY OF REHOBOTH
Ownership
Condominium
Building Name
Edgewater House
Style
Split Level, Traditional
Structure Type
Penthouse Unit/Flat/Apartment
Garage and Parking Spaces
1

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 never been a rental; 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

Location

Listing Courtesy of SEA BOVA ASSOCIATES INC.; SEA BOVA ASSOCIATES INC.

Building Information for 2 Virginia Avenue, Unit 526

Building/ComplexEdgewater HouseFloor5Stories-Residences54Pet Policy-Year Built1966

Payment Calculator

$5,900 per month

30 year fixed, 3.51% Interest

Principal and Interest

$2,608

Property Taxes

$133

HOA Dues

$3,160

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Property Information for 2 Virginia Avenue, Unit 526

Listing / Compensation / Market Information
    Listing Information
  • Co List Agent Full Name: BRIDGET BAUER (3256963)
  • Listing Agent MLS ID: 3258990,3256963
  • List Agent Full Name: LINDA BOVA (3258990)
  • List Agents: LINDA BOVA (3258990), BRIDGET BAUER (3256963)
  • Listing Agent Full Name: LINDA BOVA,BRIDGET BAUER
Rental Info
    Rental Info
  • Ground Rent Exists: No
Interior / Building / Parking / Property Information
    Interior Details
  • Tax Total Finished SQFT: 0
  • Above Grade Fin SQFT: 1320
  • Above Grade Finished Area Units: Square Feet
  • Above Grade Unfin Area Units: Square Feet
  • Above Grade Unfin SQFT: 0
  • Entry Floor Number: 5
  • Floors In Unit Count: 2
  • Total Finished SQFT: 1320
    Interior Features
  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Range Hood
  • Fireplace: No
  • Fireplaces Count: 0
  • Flooring Type: Carpet, Tile/Brick, Vinyl
  • Central Air: Yes
  • Cooling Type: Central A/C
  • Heating: Yes
  • Heating Type: Baseboard - Electric
  • HOA Condo Coop Amenities: Beach, Elevator, Pool - Outdoor, Reserved/Assigned Parking, Security, Swimming Pool
  • Interior Features: Carpet, Combination Dining/Living, Floor Plan - Traditional, Kitchen - Galley, Master Bath(s), Window Treatments
  • Laundry Type: Common, Basement
  • Window Features: Insulated
  • Room and Floor: Bathrooms Full-Upper Level 1-1, Bedrooms-Main Level-1, Bedrooms-Upper Level 1-1, Bathrooms Full-Main Level-1
    Parking Information
  • Garage: No
  • Parking Features: Assigned
  • Number of Assigned Spaces: 1
  • Type Of Parking: Parking Lot, On Street, Other
  • Total Non-Garage Parking Spaces: 1
    Pool / Spa Information
  • Pool: Yes - Community
  • Community Pool Features: Gunite, In Ground, Fenced
  • Spa: No
    Location Information
  • Cross Street: 1st Street
  • In City Limits: Yes
  • Directions: Rehoboth Avenue to north on 1st Street; 4th right on to Virginia Ave; Edgewater House is on the right at the Boardwalk.
  • Distance To Body Of Water: 300
  • Distance To Body Of Water Units: Feet
  • Historic: No
  • Location Type: Oceanfront
  • MLS Area: Lewes Rehoboth Hundred (31009)
  • Municipal Trash: Yes
  • Federal Flood Zone: Y
  • Sub System Locale: BRIGHT_MAIN
  • System Locale: BRIGHT
  • Tidal Water: Yes
  • Water View: Yes
  • Water Access: Yes
  • Water Access Features: Public Access, Public Beach, Swimming Allowed
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Water Oriented: Yes
  • Waterfront: Yes
  • Waterfront Features: Sandy Beach
    School Information
  • School District Name: CAPE HENLOPEN
  • School District County ID: 300200396895
    Building Information
  • Accessibility Features: None
  • Building Units Total: 54
  • Building Level Count: 6
  • Construction Materials: Masonry
  • Elevators Count: 1
  • New Construction: No
  • Elevator Use Fee: $0
  • Other Structures: Above Grade, Below Grade
  • Roof: Rubber
  • Levels Count: Other
  • Story List: Main, Upper 1
    Green Information
  • Clean Green Assessed: No
    Association Information
  • Condo Coop Association: Yes
  • HOA: No
  • 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
  • Condo Coop Name: Edgewater House Assoc. of Owners
  • Condo Coop Phone: 302-227-3090
  • Condo Coop Fee: $3,160
  • Condo/Coop Fee Frequency: Quarterly
    Property Information
  • Property Type: Residential
  • Additional Parcels: No
  • Horse: No
  • Land Use Code: RC
  • Lot Size Units: Square Feet
  • Lot SQFT: 29185
  • Lot Size Acres: .67
  • Navigable Water: Yes
  • Property Condition: Average+Prop
  • Road Responsibility: City/County
  • Security Features: Main Entrance Lock, Resident Manager
  • Senior Community: No
  • Zoning: TN
  • Zoning Dscrp: Town Codes
  • Age: 1966.0
    Utilities Information
  • Cooling Fuel: Geothermal
  • Gas Avg Month: $0
  • Gas Prev 12 Months: $0
  • Heating Fuel: None
  • Heating Oil Avg Month: $0
  • Heating Oil Prev 12 Months: $0
  • Hot Water: Other
  • Water Avg Month: $0
  • Water Prev 12 Months: $0
  • Refuse Fee: $300
  • Sewer Septic: Public Sewer
  • Water Source: Public
Room Information
    Basement
  • Basement Type: Other
  • Below Grade Fin SQFT: 0
  • Below Grade Fin SQFT Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Below Grade Unfin Area Units: Square Feet
  • Below Grade Unfin SQFT: 0
  • Below Grade Unfin SQFT Source: Assessor
    Bathroom Counts
  • Bathrooms Count All Upper Levels: 1
  • Bathrooms Count Main Level: 1.00
  • Bathrooms Count Upper Level 1: 1.00
    Bathroom Information
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Count: 2
    Bedroom Information
  • Bedrooms Count: 2
  • Bedrooms Count All Upper Levels: 1
  • Bedrooms Count Main Level: 1
  • Bedrooms Count Upper Level 1: 1
    Full Bathrooms
  • Bathrooms Full All Upper Levels: 1
  • Bathrooms Full Main Level: 1
  • Bathrooms Full Upper Level 1: 1
    Half Bathrooms
  • Bathrooms Half All Upper Levels: 0
  • Bathrooms Half Main Level: 0
  • Bathrooms Half Upper Level 1: 0
    Rooms
  • Room List: Living Room, Dining Room, Bedroom 2, Kitchen, Foyer, Bedroom 1, Bathroom 2
  • Common Walls: 2+ Common Walls
  • Room Count: 7
Tax / Assessment / Sale Information
    Tax / Assessment Information
  • Agricultural Tax Due: No
  • City Town Tax: $370
  • County Tax: $1,222
  • Tax Annual Amount: $1,592
  • Tax Year: 2019
  • Tax ID Number: 334-14.14-23.00-526
  • Year Assessed: 2019
    Sale Information
  • Acceptable Financing: Cash, Conventional
  • Home Warranty: No
  • Loss Mitigation Fee: false
  • Possession: 0-30 Days CD, Immediate
  • Prospects Excluded: No
  • Sale Type: Standard
  • Vacation Rental: No

Property History for 2 Virginia Avenue, Unit 526

DateEvent & SourcePriceAppreciation
Oct 12, 2019Listed (Active)

BRIGHT #DESU149780

$725,000
DateEvent & SourcePrice
10/12/2019
Listed (Active)

BRIGHT #DESU149780

$725,000

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

Schools near 2 Virginia Avenue, Unit 526

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Rehoboth Elementary SchoolPublicK-51.0 mi
8
Beacon Middle SchoolPublic6-83.9 mi
8
Cape Henlopen High SchoolPublic9-124.7 mi
6
Sussex ConsortiumPublicPK-125.3 mi
NR

Rehoboth Elementary School

K-5, 1.0 mi, Public

8

Beacon Middle School

6-8, 3.9 mi, Public

8

Cape Henlopen High School

9-12, 4.7 mi, Public

6

Sussex Consortium

PK-12, 5.3 mi, Public

NR

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

2 Virginia Avenue, Unit 526 is a condo for sale in Rehoboth Beach, DE 19971. This property was listed for sale on October 12, 2019 by SEA BOVA ASSOCIATES INC. at $725,000. Nearby schools include Rehoboth Elementary School, Cape Henlopen High School and Beacon Middle School. 2 Virginia Avenue, Unit 526 is a 2-bed, 2-bath, 1,320 sqft condo built in 1966.

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. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of SEA BOVA ASSOCIATES INC.; SEA BOVA ASSOCIATES INC.
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