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Betty Brown Vivian

sold@bettybrownregirl.com +1(703) 402-1677

$ 495,000

Est. payment -/mo

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Under Contract

8 OLIVE AVE #103 Rehoboth Beach, DE 19971

1 Bath

500 SqFt

UPDATED:

09/28/2024 06:58 PM

Key Details

Property Type Condo

Sub Type Condo/Co-op

Listing Status Under Contract

Purchase Type For Sale

Square Footage 500 sqft

Price per Sqft $990

Subdivision None Available

MLS Listing ID DESU2071126

Style Coastal

Full Baths 1

Condo Fees $1,229/qua

HOA Y/N N

Abv Grd Liv Area 500

Originating Board BRIGHT

Year Built 1970

Annual Tax Amount $684

Tax Year 2024

Lot Dimensions 0.00 x 0.00

Property Description

Ocean Block Pied-a-Terre, offering just what its name suggests - a respite in which to relax, refresh and unwind from your "other life", a place of convenience and flexibility - a place where you can park your car and walk to all that surrounds you - the beach, boardwalk, restaurants and shops. An escape without the constraints of maintenance of your primary home. Just what you've wanted, and at a price you can afford! Currently, this is the lowest priced property in the city of Rehoboth! This beautifully appointed L-Shaped Efficiency is bright, with sleek, modern furnishings and impeccably maintained. Updates include wood-tone flooring throughout the unit; extended height cabinetry and solid surface counters in the kitchen; sleek coastal style wood closet doors; an upgraded hot water heater so no one gets a cold shower; newly renovated bathroom with walk-in shower and glass doors, new vanity and lighting; custom full-sized pleated shades on both sliding patio doors for privacy, when desired, and new replacement patio door screens. Fully furnished, the living area features a new longer length coastal blue modern couch, offering seating for guests and plenty of room for naps. There is dining for four with extra pieces that can be pulled up to accommodate more. The sleeping area features a queen size bed with built in storage drawers. The double sliding doors open to a secluded patio area, furnished with cushioned chairs with ottomans, an umbrella and a storage container for all your beach supplies. Located on the first floor, this unit can be accessed through the lobby, or through a secondary entrance located on the side of the building.
Enjoy one parking space in the secure underground garage. Patrician Towers has a welcoming courtyard with Koi pond, a great place to gather with friends and family before an evening out. After a day on the beach, take the elevator up to the roof top pool with panoramic views of the ocean, boardwalk and the city. Sunrises and sunsets from there are not to be missed. If you enjoy biking, Rehoboth is home to the Breakwater Junction Trail, known for its natural beauty and proximity to historic Lewes and beyond. Bike storage is located in the garage.
While the sellers did not rent this unit in 2024, it boasted $17,000. rental income in 2023 for just 12 weeks. If looking for an investment, this is for you. On-site management facilitates rentals for you, if desired.
In recent years, Patrician Towers has undergone major renovations to the building to maintain its structural integrity, improve appearance and protect the investment of its owners. These include new aluminum awnings; aluminum railings, balcony and walkway coating; brick pointing; concrete repairs; caulking; soffit coatings; drip edge replacement and more! All phases were completed prior to May, 2023. Enjoy these improvements, paid for by those who came before you! Hurry in and see why you will want to make this your own, and soon you'll be enjoying all this area has to offer.

Location

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning R-2

Direction North

Rooms

Other Rooms Full Bath

Interior

Interior Features Bathroom - Walk-In Shower, Ceiling Fan(s), Combination Dining/Living, Efficiency, Elevator, Entry Level Bedroom, Floor Plan - Open, Kitchen - Galley, Upgraded Countertops, Window Treatments

Hot Water Electric

Heating Heat Pump(s)

Cooling Ceiling Fan(s), Central A/C, Geothermal, Heat Pump(s)

Inclusions Being offered Turn-key with all furnishings, inside and out, accessories and kitchen items. Outdoor storage chest.

Equipment Dishwasher, Microwave, Oven/Range - Electric, Refrigerator, Water Heater

Furnishings Yes

Fireplace N

Appliance Dishwasher, Microwave, Oven/Range - Electric, Refrigerator, Water Heater

Heat Source Electric

Laundry Common, Upper Floor, Shared

Exterior

Exterior Feature Patio(s)

Garage Basement Garage, Garage - Front Entry

Garage Spaces 1.0

Fence Fully, Wood

Utilities Available Cable TV

Amenities Available Common Grounds, Elevator, Fencing, Laundry Facilities, Pool - Outdoor, Security

Waterfront N

Water Access N

Accessibility 2+ Access Exits, Elevator, Level Entry - Main, No Stairs

Porch Patio(s)

Parking Type Parking Garage

Total Parking Spaces 1

Garage Y

Building

Story 6

Unit Features Mid-Rise 5 - 8 Floors

Sewer Public Sewer

Water Public

Architectural Style Coastal

Level or Stories 6

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Cape Henlopen

Others

Pets Allowed Y

HOA Fee Include Common Area Maintenance,Ext Bldg Maint,Insurance,Management,Pest Control,Pool(s),Reserve Funds,Water

Senior Community No

Tax ID 334-14.14-31.00-103

Ownership Condominium

Security Features Desk in Lobby,Exterior Cameras,Main Entrance Lock,Security Gate

Acceptable Financing Cash, Conventional

Horse Property N

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Pets Description Cats OK, Dogs OK

Listed by MARILYNN KUEBLER • Monument Sotheby's International Realty

Betty Brown Vivian

Agent | License ID: 0225257091

+1(703) 402-1677

Betty Brown Vivian

8 OLIVE AVE #103 Rehoboth Beach, DE 19971

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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8 OLIVE AVE #103