8 Olive Avenue #205, Rehoboth Beach, DE 19971-2864 $649,000

Beds/Baths: 1/1
Interior Sq. Ft: 500
Acreage:
Age:54 years
Style:
Unit/Flat
MLS#: DESU2062422
Subdivision: North Rehoboth
Design/Type:
Unit/Flat/Apartment

Description

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.

Dining Room: Main
Kitchen: Main
Living Room: Main

Taxes: $689
Home Assoc: No
Condo Assoc: $5,477/Annually
Buyer Agency Comp*: 2.5 % Of Gross
Garage: Y
Basement: N
Pool: Yes - Community
School Dist: Cape Henlopen
Elem. School: RehobothMid. School: BeaconHigh School: Cape Henlopen
*The listing broker's offer of compensation is made only to participants of BrightMLS

Features

Utilities
Forced Air Heating, Electric, Central A/C, Electric, Hot Water - Electric, Public Water, Public Septic

Garage/Parking
Off Street, Parking Garage, Basement Garage

Interior
Ceiling Fan(s), Laminate Plank Flooring, Dry Wall, Masonry, Accessibility - Elevator, Insulated Doors, Storm Doors, Surveillance Sys

Exterior
Block Foundation, Flat Roof, Block Exterior, Brick Exterior, Concrete Exterior, Glass Exterior, Balcony, Extensive Hardscape, Exterior Lighting, Outside Shower, Sidewalks, Street Lights

Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address. Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.

Public Elementary (2 schools)

School District Grades Place Distance
Rehoboth Elementary School Cape Henlopen School District K–5 Rehoboth Beach 0.88 mi
Love Creek Elementary School Cape Henlopen School District K–5 Lewes 4.03 mi

Public Middle (1 schools)

School District Grades Place Distance
Beacon Middle School Cape Henlopen School District 6–8 Lewes 3.85 mi

Public High (1 schools)

School District Grades Place Distance
Cape Henlopen High School Cape Henlopen School District 9–12 Lewes 4.72 mi

© 2024 LiveBy. All Rights Reserved.

This report is a detailed community overview for Rehoboth Beach (19971), Delaware.

Community Quick Facts

  • Average travel time to work for people in this community: 24
  • Average salary of people in this community: $77,267

Community Summary

  • Population Density (ppl / mile): 495
  • Household Size (ppl): 1.96
  • Households w/ Children: 15%

Housing Inventory

  • Owned: 6,197 (37.9%)
  • Rented: 812 (5.0%)
  • Vacant: 9,359 (57.2%)
  • Total: 16,368

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Total: 13,739
Households: 7,009
Median Age: 59.90

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature

Education

Highest Level of Education Attained

  • Less than 9th Grade: 1.2%
  • Some High School: 3.1%
  • High School Graduate: 19.8%
  • Some College: 15.6%
  • Associate Degree: 7.5%
  • Bachelor's Degree: 28.0%
  • Graduate Degree: 24.9%

Income by dollar range

Median Income: $78,689

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

  • Studio: $1,682
  • One Bedroom: $932
  • Two Bedroom: $1,268
  • Three Bedroom: $1,432
  • Four Bedroom: $2,638

© 2024 LiveBy. All Rights Reserved.

Contact Information

Listing Courtesy of: Mann & Sons, Inc. , (302) 227-9477, bobmcvey@mannandsons.com

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 Patterson-Schwartz Real Estate 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.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 6/26/2024.

8 Olive Avenue #205, Rehoboth Beach, DE 19971-2864

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