Beds2
Baths1
Sold On2/13/2023
Year1970
Dustin Oldfather
(302) 260-2000
Status:
Sold
Property Type:Unit/Flat
MLS #:DESU2030654
Date Sold:2/13/2023
County:Sussex
Monthly HOA:$868
Listing Office
Office:Mann & Sons, Inc.
Broker Phone:302-227-9477
Newly updated 2 bedroom, 1 bath penthouse condo in Patrician Towers, second building from the boardwalk. New kitchen, bathroom and flooring. Extra large ocean facing patio and additional balcony on Olive Avenue with access from both the living room and from the bedroom. New kitchen has granite countertops and stainless steel appliances. The new bathroom has a walk-in tile shower with glass and granite vanity counter. This condo can be rented weekly if desired. Pets are not allowed when rented.
Detailed Maps
Price Change History
| Date | Old Price | New Price | Percent Change |
| 2/14/2023 | $949,000 | $878,000 | -7.5% |
Community Information
Address:8 Olive Ave #507, Rehoboth Beach, DE 19971
Area:Lewes Rehoboth Hundred (31009)
County:Sussex
City:Rehoboth Beach
School District:Cape Henlopen
Subdivision:None Available
Zip Code:19971
Building:Patrician Towers
Architecture
Unit Number:#507
Bedrooms:
2
Bathrooms:
1
Year Built:1970
Stories:1
Style:Unit/Flat
Construction: Asphalt, Block, Brick Front, Concrete, Glass, Masonry
Year Renovated: 2021
Unit Building Type: Mid-Rise 5 - 8 Floors
Roof: Asphalt
Basement Type: Garage Access, Front Entrance, Full
Features / Amenities
Appliances: Built-In Range, Dishwasher, Disposal
Flooring: Tile/Brick
Main Level Bedrooms: 2
Entry Level: 1
Exterior Features: Exterior Lighting, Outside Shower, Sidewalks
Community Amenities: Pool - Outdoor
Sub Structure Types: Above Grade, Below Grade
Garage: Underground
Garage Spaces: 1
Cooling: Geothermal
Cooling Fuel: Geothermal, Electric
Heating: Forced Air
Heating Fuel: Electric
Hot Water: Electric
Property Features
Lot Dimensions:0.00 x 0.00
Parking Types: Parking Garage
Parking Included In List Price: No
View: Ocean
TV/Cable/Com: Cable TV, Electric Available, Phone, Sewer Available
Electric Service: 200+ Amp Service
Sewer: Public Septic
Water: Public
Zoning:TN
Directions:Heading North on Rehoboth Ave. Turn Right onto 1st Street. Then turn Right onto Olive Avenue. 8 Olive (Patrician Towers) is on the Right, second building from the boardwalk.
Tax and Financial Info
Total Taxes: $1,406 (paid Annually)
Tax Year: 2021
School Tax: $965
New Financing: Cash
Ownership Type: Condominium
Homeowners' Assoc.: No
City Tax Rate: $341.00 (Annually)
County Tax Rate: $100.00 (Annually)
Condo Coop Fee: $2,604.13 (Quarterly)
Acceptable Financing: Cash, Conventional
Schools
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Listing Information Last Updated 3/24/2023
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The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.
Copyright 2023 Bright MLS. All rights reserved.