8 Olive Avenue # 205 Rehoboth Beach, DE $ 649,000
8 Olive Avenue # 205
$ 649,000
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8 Olive Avenue # 205

Rehoboth Beach, DE, 19971
$ 649,000
Bedrooms1 Baths1.0 Sq 500

Monthly Estimate*

$ 4,313

8 Olive Avenue # 205, Rehoboth Beach, DE 19971 - Image 1
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Condo for sale in Rehoboth Beach, DE

for $649,000 with 1 bedroom and 1 full bath. This 500 square foot condo was built in 1970.

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.

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Condo Active

Price

$ 649,000

Bedrooms

1

Full Bath

1

Property Type

Condo

Taxes

$ 689

Style

Unit/Flat

Year Built

1970

Town/City

Rehoboth Beach

County/Region

Sussex

MLS | Web ID

DESU2062422

Features
General
Interior Features Ceiling Fan(s)
Sewer Public Septic
Heating Forced Air
Cooling Central A/C
Possession Immediate
Roof Flat
Exterior Features Exterior Lighting Extensive Hardscape Outside Shower Sidewalks Street Lights
Zoning CITY
Garage Spaces 1.00
Association Fee Includes Sewer Water Snow Removal Pest Control Custodial Services Maintenance Ext Bldg Maint Insurance
Patio/Porch Features Balcony
Architectural Style Unit/Flat
Security Features Surveillance Sys
Construction Materials Block Brick Concrete Glass
Year Built 1970
Levels 6
Unit Number 205
Tax Year 2023
Percent Ownership Condominium
Cool Fuel Electric
Building Name Patrician Towers
Accessibility Elevator
HOA Fee 2 5477.00
County SUSSEX
New Construction N
Property Type Residential
Association Amenities Elevator Pool - Outdoor
HOA / Comm Assn N
Subdivision Name NORTH REHOBOTH
Facing Direction North
Garage Y/N Y
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions From 19606 Coastal Highway South to Rehoboth Ave Extended. After entering Rehoboth left on Lake Ave and continue on Maryland Ave. Left on 2nd Street then right on Olive Ave cross over 1st Street th
City REHOBOTH BEACH
Buyer Agent Compensation 2.5
Disclosures Lead Based Paint - Federal Prop Disclosure Radon
Senior Community Y/N N
Total Units 52
MLS Area Lewes Rehoboth Hundred (31009)
Waterfront Y/N N
Street Name OLIVE
HOA Fee 2 Frequency Annually
Tax Annual Amount 689.78
Home Warranty Y/N N
Property Condition Excellent
Structure Type Unit/Flat/Apartment
Condo/Coop Association Y/N Y
Bathrooms Full Main Level 1
Bathrooms Count Main Level 1.00
Price Per Sq Ft 1298.0
Acceptable Financing Cash Conventional
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N Y
Days on Market 1
Sussex DE Quadrants East of Rt 1
Standard Status Active
Year Built Source Estimated
Legal Subdivision NORTH REHOBOTH
Total Actual Rent 13500.00
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Interior
Heating Fuel Electric
Flooring Laminate Plank
Hot Water Electric
Total Stories 6
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 500
Full Baths 1
Street Suffix AVENUE
Central Air Y/N Y
Total Bedrooms 1
Below Grade Finished Area 0
Entry Level 2
Room Type Living Room Dining Room Kitchen
Main Level Bedrooms 1
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Total Baths 1
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Exterior
Pool Yes - Community
Water Source Public
Inclusions Furnished Dishware Appliances
Garage Features Basement Garage
Type of Parking Off Street Parking Garage
Foundation Details Block
Spa N
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Door Features Insulated Storm
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 8
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* Excluded Features
List By
Mann & Sons, Inc.

Broker

pamelanjohn@hotmail.com

Email

Affordability Calculator

$4,371
Per Month
99%
1%
0%
Monthly Principal & Interest
$4,313
Monthly Property Taxes
$57
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2318934 Elementary School
2314806 Middle School
Cape Henlopen High School High School
Pricing History
DatePricePrice ChangeDescription
5/14/2024$649,000 Listed Price

Map


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8 Olive Avenue # 205, Rehoboth Beach, DE, 19971 is a Condo for sale at $649,000 with 500 sqft. 8 Olive Avenue # 205 has 1 bedrooms, 1.0 baths, and was built in 1970. The property's zip code is 19971 which is in Rehoboth Beach, DE