Ocean Atlantic Sotheby's International Realty
Mitch Selbiger
410-457-3340410-457-3340

7 Olive AVENUE, Rehoboth Beach, DE 19971 (MLS # DESU140752)

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PRICE $2,274,900
BEDS 5
BATHS 4 full, 1 half
HOME SIZE 2,958 sq ft
LOT SIZE 5,000 sqft

Your sand castle awaits in North Rehoboth. Looking for an oceanblock rental investment property, look no more. This single family home had rental income exceeding $100,000 in 2018. Owner has kept property in immaculate condition and the returning guests come again and again. This inverted floor plan offers four bedrooms and three baths on the first floor and a second floor with master bedroom and bath, dining area, open kitchen, family room and enclosed porch with ocean views. Being just steps to Rehoboth's boardwalk and beach is a tenant and owner must. North Rehoboth keeps you far enough away from the commercial area yet close enough to easily walk to all of Rehoboth's main attractions. Capitalize on today's low interest rates and this property's successful income stream. A winning combination! Global Luxury!

DAYS ON MARKET 555 LAST UPDATED 7/30/2020
YEAR BUILT 1999 COUNTY Sussex
STATUS Active PROPERTY TYPE(S) Residential, Residential / Detached

SCHOOLS
School District Cape Henlopen
High School Cape Henlopen

PRICE HISTORY
Prior to Aug 27, '19 $2,499,000
Aug 27, '19 - Today $2,274,900


ADDITIONAL DETAILS
ABOVE GRADE FIN SQFT 2958
ABOVE GRADE FIN SQFT SOURCE Estimated
ABOVE GRADE FINISHED AREA UNITS Square Feet
ACCESSIBILITY FEATURES None
ADDITIONAL PARCELS YN N
APPLIANCES Built-In Microwave, Built-In Range, Cooktop, Dishwasher, Dryer - Electric, Oven - Wall, Oven/Range - Electric, Refrigerator, Washer
ARCHITECTURAL STYLE Coastal
AUTOMATICALLY UPDATE TAX VALUES Y/N Y
BASEMENT YN N
BATHROOMS COUNT ALL UPPER LEVELS 2
BATHROOMS COUNT MAIN LEVEL 3.00
BATHROOMS COUNT UPPER LEVEL 1 2.00
BATHROOMS FULL 4
BATHROOMS FULL ALL UPPER LEVELS 1
BATHROOMS FULL MAIN LEVEL 3
BATHROOMS FULL UPPER LEVEL 1 1
BATHROOMS HALF 1
BATHROOMS HALF ALL UPPER LEVELS 1
BATHROOMS HALF UPPER LEVEL 1 1
BEDROOMS COUNT ALL UPPER LEVELS 1
BEDROOMS COUNT MAIN LEVEL 4
BEDROOMS COUNT UPPER LEVEL 1 1
BELOW GRADE FIN SQFT 0
BELOW GRADE FIN SQFT SOURCE Assessor
BELOW GRADE FINISHED AREA UNITS Square Feet
BELOW GRADE UNFIN AREA UNITS Square Feet
BELOW GRADE UNFIN SQFT 0
BELOW GRADE UNFIN SQFT SOURCE Assessor
BUILDING NAME none available
CENTRAL AIR YN Y
CITY/TOWN TAX 549.36
CITY/TOWN TAX PYMNT FREQ Annually
CONDO/COOP ASSOCIATION YN N
CONSTRUCTION MATERIALS Frame
COOLING FUEL None
COOLING TYPE Central A/C
COUNTY TAX 188.00
COUNTY TAX PYMNT FREQ Annually
ELEVATORS COUNT 0
ENTRY FLOOR NUMBER 1
EXTERIOR FEATURES BBQ Grill, Lawn Sprinkler, Outside Shower
FIREPLACE YN Y
FIREPLACES COUNT 1
FLOORING TYPE Carpet, Ceramic Tile
HEATING FUEL None
HEATING TYPE Central
HEATING YN Y
HIGHSCHOOLSOURCE Listing Agent
HISTORIC YN N
HORSE YN N
IN CITY LIMITS YN Y
INCLUSIONS Home to be conveyed fully furnished.
INTERIOR FEATURES Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Window Treatments
LAND USE CODE RS
LAUNDRY TYPE Main Floor
LEASE CONSIDERED YN N
LEGALSUBDIVISION NORTH REHOBOTH
LISTAGENTSTATELICENSENUMBER RA-0003510
LISTING AGREEMENT TYPE Exclusive Right
LISTING SERVICE TYPE Full Service
LIVING AREA SQFT SOURCE Estimated
LOCATION TYPE Downtown
LOT SIZE DIMENSIONS 50.00 X 100.00
LOT SIZE SOURCE Estimated
LOT SIZE UNITS Square Feet
MUNICIPAL TRASH Y/N Y
NAVIGABLE WATER YN N
OPEN PARKING SPACES COUNT 4.00
OWNERSHIP INTEREST Fee Simple
PARKING FEATURES Asphalt Driveway
PHOTO OPTION Lister Will Upload All
POOL No Pool
POSSESSION Settlement
PRICE PER SQFT 769.07
PROPERTY TYPE Residential
RIPARIAN RIGHTS YN N
ROOF Architectural Shingle
SCHOOL TAX PYMNT FREQ Annually
SCHOOLDISTRICTSOURCE Listing Agent
SENIOR COMMUNITY YN N
SEWER SEPTIC Public Septic
SPA YN N
STANDARD STATUS Active
STORY LIST Main, Upper 1
STRUCTURE TYPE Detached
SUB SYSTEM LOCALE BRIGHT_MAIN
SUSSEX DE QUADRANTS East of Rt 1
TAX ANNUAL AMOUNT 2400.36
TAX ID NUMBER 334-14.14-27.00
TAX LOT 7
TAX TOTAL FINISHED SQFT 1479
TAX YEAR 2018
TIDAL WATER YN N
TOTAL SQFT SOURCE Estimated
TOTAL TAXES PYMNT FREQ Annually
TYPE OF PARKING Driveway
UTILITIES Cable TV, Multiple Phone Lines, Phone
VACATION RENTAL YN Y
VIEW Ocean
WALL & CEILING TYPES Cathedral Ceilings, Dry Wall
WATER ACCESS YN N
WATER BODY TYPE Ocean
WATER ORIENTED YN Y
WATER SOURCE Public
WATER VIEW YN Y
WATERFRONT YN N
YEAR ASSESSED 2018
YEAR BUILT SOURCE Estimated
ZONING Q


63 Somewhat Walkable



 
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Last Updated: 11/24/20 2:48 PM PST