29 days on rocket

1 Virginia Ave Unit 501, Rehoboth Beach, DE, 19971

$875,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
1 Full Bath
Condo

Location

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1 Virginia Ave Unit 501, Rehoboth Beach$875,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingCovered Parking, Parking Garage, Parking Lot
Garage1 space
Year Built1974
HeatingForced Air
CoolingCentral Air
MLS #DESU2073082
StatusActive
(ACTIVE)

About 1 Virginia Ave Unit 501

Welcome to One Virginia! One of Rehoboth Beach’s most desirable locations with outstanding Ocean and Boardwalk views from your patio and windows. This 2 Bedroom / 1 Bath unit is located on the top floor of the smaller building, is the 1st unit closest to the beach, and has southern exposure. This unit features upgraded Kitchen countertops, recessed lights, and comes fully furnished with a solid rental history if you were to choose to continue renting. One Virginia has secure access with video monitoring, a beautiful pool that was new in 2022, outdoor showers, bike storage, extra storage on the lower level for beach gear, private parking, two elevators and is just steps away from the boardwalk and beach. Located north of Rehoboth Avenue, the Gordons Pond section of Cape Henlopen is close by as well as access to the Breakwater Junction hiking and bike trails. Enjoy one of America’s best Beach Towns in a building that does not have many units come available that often.

Property Details

Property Features

Property Information:

  • Architectural Style: Coastal, Unit/Flat
  • Year Built: 1974
  • Stories: 1

Listing Office:

  • Office Name: RE/MAX Edge
  • Office Phone: (302) 442-4200
  • Listing Agent: Kyle Mayhew

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Parking: Covered Parking, Parking Garage, Parking Lot

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: N First Street to Virginia Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $875,000

Tax Information:

  • Annual Amount: $925
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Rehoboth Beach, DE.

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Rehoboth Beach, DE

City

Med. Sold Price

$744K

Med. Price/SqFt

$356

Avg. Days On Market

23

# of Sold Homes

29

1 Virginia Ave Unit 501 vs Rehoboth Beach

29 DAYS ON ROCKET

+6 Days

$875,000

+$131K More

KEY TAKEAWAY

This property is $131K more than the Median Sold Price in Rehoboth Beach, DE.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #DESU2073082

Listing Office:

  • Office Name: RE/MAX Edge
  • Office Phone: (302) 442-4200
  • Listing Agent: Kyle Mayhew

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 4:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$925$17,800
2020$922$19,650
2018$863$19,650
2017$826$19,650

History based on county public records data.

Payment Calculator

$4,435

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,690

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-806961
9
/10

  • Rehoboth Elementary School

  • 500 Stockley St

  • 0.97 miles

  • Public District Grades KG-5

school-card-donut-806962
9
/10

  • Love Creek Elementary School

  • 19488 John J Williams Hwy

  • 4.06 miles

  • Public District Grades KG-5

school-card-donut-806963
8
/10

  • Shields (Richard A.) Elementary School

  • 910 Shields Ave

  • 5.04 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $82,955. Most Rehoboth Beach, DE residents have annual incomes between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Rehoboth Beach, DE

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Rehoboth Beach, DE?

Rehoboth Beach offers a diverse array of housing options, with a significant portion of the market comprised of single-family homes that feature a mix of contemporary, beach cottage, and colonial architectural styles. Condominiums and townhouses are also prevalent, providing alternatives for those seeking a more communal living experience or lower maintenance properties. The area has seen a steady growth in housing developments, particularly with waterfront and beach-adjacent properties being highly sought after.

Is Rehoboth Beach, DE a good place to live?

Rehoboth Beach is celebrated for its vibrant coastal charm and friendly community atmosphere. The town prides itself on its beautiful beaches, boardwalk, and a variety of shops and eateries that contribute to its character as a beloved summer destination. Annual events like the Rehoboth Beach Independent Film Festival and the Sea Witch Festival reflect the town's cultural identity and draw visitors from across the region.

Are things conveniently located in Rehoboth Beach, DE?

The community is served by a number of public schools, offering educational opportunities for children of all ages. Healthcare is accessible through local clinics and the nearby Beebe Healthcare, which provides comprehensive medical services. The Rehoboth Beach Public Library serves as a cultural hub, and the town's array of boutique shops and restaurants cater to both local and seasonal populations, reflecting the area's culinary diversity and artistic flair.

What does the transportation in Rehoboth Beach, DE look like?

Transportation in Rehoboth Beach includes a mix of private and public options, with local buses serving the area and connecting residents to nearby towns. The town is known for its walkable downtown area, making it easy for residents and visitors to navigate the main attractions on foot. For those commuting by car, Coastal Highway provides a direct route to neighboring cities and attractions. The area is also bike-friendly, with several paths and trails available for cycling enthusiasts.

Frequently Asked Questions About 1 Virginia Ave Unit 501

What is the listing price of this property?

The listing price of 1 Virginia Ave Unit 501 property is $875,000.

What type of property is this?

The property 1 Virginia Ave Unit 501 is a condo located in Rehoboth Beach, Delaware, 19971.

Is this property for sale now?

Active Listing: 1 Virginia Ave Unit 501 is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $925 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1 Virginia Ave Unit 501 has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The sq. ft. of 1 Virginia Ave Unit 501 is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 1 Virginia Ave Unit 501 is 1974.

Rocket Homes›Delaware›Sussex County›Rehoboth Beach›19971›1 Virginia Ave Unit 501

This home is located at 1 Virginia Ave Unit 501 in Rehoboth Beach, DE and zip code 19971. This home was built in 1974. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $875,000.

Rehoboth Beach, DE housing market in October 2024 saw over 10 listings sold above listed price, more than 7 sold at listed price and over 12 sold below. Between September 2024 and October 2024, Rehoboth Beach, DE real estate market has seen increase in the number of listings by 11.7%. While the average time on the market in October 2024 was 23 days, the median list price was $744,000.

From Rocket Homes Real Estate and based on county public records data.

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