Rehoboth Beach, DE 19971,2 VIRGINIA AVE #526
Rehoboth Beach, DE 19971,2 VIRGINIA AVE #526
Rehoboth Beach, DE 19971,2 VIRGINIA AVE #526
Rehoboth Beach, DE 19971,2 VIRGINIA AVE #526
Rehoboth Beach, DE 19971,2 VIRGINIA AVE #526
Rehoboth Beach, DE 19971,2 VIRGINIA AVE #526
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$650,000

$699,900

7.1%
Est.Price: ?

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Est. payment /mo

2 Beds

2 Baths

1,320 SqFt


SOLD DATE : 07/10/2020

Key Details

Sold Price $650,000

Property Type Condo

Sub Type Condo/Co-op

Listing Status Sold

Purchase Type For Sale

Square Footage 1,320 sqft

Price per Sqft $492

Subdivision North Rehoboth

MLS Listing ID DESU149780

Sold Date 07/10/20

Style Split Level,Traditional

Bedrooms 2

Full Baths 2

Condo Fees $3,160/qua

HOA Y/N N

Abv Grd Liv Area 1,320

Originating Board BRIGHT

Year Built 1966

Annual Tax Amount $1,592

Tax Year 2019

Property 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 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

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning TN

Rooms

Other Rooms Living Room, Dining Room, Bedroom 2, Kitchen, Foyer, Bedroom 1, Bathroom 2

Basement Other

Main Level Bedrooms 1

Interior

Interior Features Carpet, Combination Dining/Living, Floor Plan - Traditional, Kitchen - Galley, Primary Bath(s), Window Treatments

Hot Water Other

Heating Baseboard - Electric

Cooling Central A/C

Flooring Carpet, Tile/Brick, Vinyl

Equipment Dishwasher, Disposal, Microwave, Oven/Range - Electric, Range Hood

Furnishings Yes

Fireplace N

Window Features Insulated

Appliance Dishwasher, Disposal, Microwave, Oven/Range - Electric, Range Hood

Heat Source None

Laundry Common, Basement

Exterior

Parking On Site 1

Amenities Available Beach, Elevator, Pool - Outdoor, Reserved/Assigned Parking, Security, Swimming Pool

Waterfront Y

Waterfront Description Sandy Beach

Water Access Y

Water Access Desc Public Access,Public Beach,Swimming Allowed

View Ocean

Roof Type Rubber

Accessibility None

Road Frontage City/County

Parking Type Parking Lot, On Street, Other

Garage N

Building

Story 2

Sewer Public Sewer

Water Public

Architectural Style Split Level, Traditional

Level or Stories 2

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Cape Henlopen

Others

HOA Fee Include All Ground Fee,Common Area Maintenance,Ext Bldg Maint,Management,Pool(s),Reserve Funds,Water

Senior Community No

Tax ID 334-14.14-23.00-526

Ownership Condominium

Security Features Main Entrance Lock,Resident Manager

Acceptable Financing Cash, Conventional

Horse Property N

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by LINDA BOVA • SEA BOVA ASSOCIATES INC.
Bought with Debbie Reed • RE/MAX Realty Group Rehoboth
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