Patrician Towers - 8 Olive Avenue Unit 205
Rehoboth Beach, DE 19971
- 1 bed
- 1 bath
- – sqft
- 1970 build
LOCATION, LOCATION, LOCATION! Welcome to Patrician Towers in Rehoboth Beach, DE, where coastal charm meets an unbeatable ocean-block location that truly sets it apart. Just a short distance from the beach and boardwalk, this fully furnished corner unit offers an unparalleled beachside experience. Featuring two balconies and three sets of sliding glass doors, this bright and inviting condo seamlessly blends indoor and outdoor living, perfect for enjoying the coastal breeze and morning coffee. The light-filled living and dining area creates a warm and welcoming space for your dream retreat. Patrician Towers boasts a rooftop pool and sun deck with breathtaking panoramic views of the beach and boardwalk, offering the ultimate escape to relax and unwind. The front courtyard’s tranquil koi pond with seating adds another serene retreat. Additional amenities include covered off-street garage parking, an elevator, on-site management, a laundry room, and outdoor facilities like sand showers and restrooms—all designed for your convenience. With Rehoboth’s renowned restaurants, boutique shops, arcades, and scenic walking and biking trails just minutes away, this condo truly places you at the heart of everything extraordinary. Rental income for 2024 around $17,850 and 2023 rental income around $13,500.
Listing courtesy of BRIGHT / Keller Williams Select Realtors
Last checked:
Checking…
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Last updated Dec 21, 2024
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MLS# DESU2075476 —
The Building
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Year Built:1970
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Year Built Source:Estimated
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New Construction:No
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Construction Materials:Other
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Building Name:Patrician Towers
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Unit Building Type:Mid-Rise 5 - 8 Floors
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Structure Type:Unit/Flat/Apartment
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Architectural Style:Coastal
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Levels:1
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Entry Floor Number:2
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Accessibility Features:Other
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Basement:No
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Unit Number:205
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Above Grade Finished Area Units:Square Feet
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Above Grade Finished SqFt Source:Assessor
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Below Grade Finished Area Units:Square Feet
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Below Grade Unfinished Area Units:Square Feet
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Below Grade Finished SqFt Source:Assessor
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Below Grade Unfinished SqFt Source:Assessor
Interior
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Interior Features:Combination Dining/Living
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Living Area SqFt:0 Sqft
Financial & Terms
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Sale Type:Standard
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Possession:Settlement
Location
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Directions:From Rehoboth Ave, slight left on Lake Ave, continue onto Maryland Ave, left on 2nd St, right on Olive Ave, cross over 1st St, building will be on the right.
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Latitude:38.71877000
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Longitude:-75.07768000
The Property
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Property Type:Residential
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Lot Size Dimensions:0.00 x 0.00
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Lot Dimensions Source:Assessor
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Inclusions:Property sold as seen.
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Exclusions:None
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Zoning:R
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In City Limits:Yes
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Outdoor Living Structures:Balcony
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Other Structures:Above Grade, Below Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:999
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (410) 430-4004
- Office phone:
- (410) 972-4000
Taxes
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Tax ID Number:334-14.14-31.00-205
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Tax Year:2024
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Tax Annual Amount:$788
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Tax Assessed Value:$11,500
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Year Assessed:2024
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School Tax:516.0
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County Tax:46.00
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City/Town Tax:226.00
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Total Taxes Payment Frequency:Annually
Beds
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Bedrooms:1
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Bedrooms Main Level:1
Baths
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Total Baths:1
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Full Baths:1
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Main Level Baths:1.00
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Main Level Full Baths:1
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Forced Air
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Appliances
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Appliances:Dishwasher, Microwave, Refrigerator, Oven/Range - Electric
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Laundry Type:Dryer In Unit, Washer In Unit
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Washer/Dryer/Hook Up in Unit:Yes
Schools
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School District Name:Cape Henlopen
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School District Source:Listing Agent
The Community
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Subdivision Name:North Rehoboth
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Senior Community:No
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Exterior Features:Outside Shower, Sidewalks
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Pool:Yes - Community
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HOA:No
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Condo/Coop Association:Yes
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HOA/Condo/Coop Amenities:Elevator, Pool - Outdoor
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Condo/Coop Fee:$6,390
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Condo/Coop Fee Frequency:Annually
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HOA/Condo/Coop Fee:Custodial Services Maintenance, Ext Bldg Maint, Insurance, Management, Pest Control, Reserve Funds, Water
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Condo/Coop Name:Patrician Towers Owners Inc.
Parking
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Total Garage and Parking Spaces:1
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Garage:No
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Type of Parking:Off Street
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Off Street - # of Spaces:1
Extra Units
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Vacation Rental:Yes
Monthly cost estimate
Asking price
$634,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,394
|
Taxes | $65 |
Insurance | $174 |
HOA fees | $533 |
Utilities | N/A |
Total | $4,166/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
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12/11/24
Dec 11, 2024
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Listed / Active | BRIGHT | $634,000 |