$650,000
$699,900
7.1%For more information regarding the value of a property, please contact us for a free consultation.
2 VIRGINIA AVE #526 Rehoboth Beach, DE 19971
2 Beds
2 Baths
1,320 SqFt
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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Bought with Debbie Reed • RE/MAX Realty Group Rehoboth