11 months on rocket

8 Olive Ave Unit 207, Rehoboth Beach, DE, 19971

$599,000

Home List Price

$7,113*

Closing Credit

1 Full Bath
Condo
Schools Nearby

Location

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8 Olive Ave Unit 207, Rehoboth Beach$599,000

Buyer Closing Credits

$7,113*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingGarage - Front Entry, Concrete Driveway, Parking Space Conveys, Attached Garage
Garage1 space
Year Built1970
HeatingForced Air
CoolingCentral Air
ViewCity, Other, Pond
MLS #DESU2042100
StatusActive
(ACTIVE)

About 8 Olive Ave Unit 207

OCEAN BLOCK! STEPS TO BEACH AND BOARDWALK! Relaxing Coastal style, neutral tones and seaside decor await you in the cozy inviting condo. Natural light radiates through the wall of glass slider doors into the living area that lead you to the private balcony where you can relax with a view of the front courtyard and Koi pond. This condo comes fully furnished with built-in wall unit with shelving, cabinets and queen murphy bed in the living area, along with additional twin bed and large closet for storage. Extended height white cabinetry with a hand painted beach mural on the wall area seen in the kitchen. Panoramic views of the beach and boardwalk are seen from the roof top pool and sun deck. Conveniently located to all Rehoboth has to offer: restaurants, shops, amusements, bike trails. The building offers: Community Laundry room, garage parking, elevator, outdoor sand and foot shower, outdoor bathroom-change room, courtyard with koi pond and seating.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1970

Listing Office:

  • Office Name: Mann & Sons, Inc.
  • Office Phone: (302) 227-9477
  • Listing Agent: PAMELA RUTH ALBANESE

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Exhaust Fan, Range Hood, Refrigerator, Water Heater
  • Basement: No
  • Interior: Built-Ins, Carpet, Combination Dining/Living, Efficiency, Floor Plan - Open, Kitchen - Galley, Tub Shower, Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 1

Exterior Features

Exterior Information:

  • View: City, Other, Pond
  • Exterior: Sidewalks, Street Lights

Parking Information:

  • Garage Space: 1 space
  • Parking: Garage - Front Entry, Concrete Driveway, Parking Space Conveys, Attached Garage

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Cape Henlopen High School, Public District Grades 8-12
  • Beacon Middle School, Public District Grades 4-8
  • Rehoboth Elementary School, Public District Grades PK-6

Other

Directions Information:

  • Directions: North on 1st Street. East on Olive Ave. Patrician Towers is on Right one property off the Boardwalk

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,000
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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

$765.4K

Med. Price/SqFt

$331

Avg. Days On Market

35

# of Sold Homes

31

8 Olive Ave Unit 207 vs Rehoboth Beach

350 DAYS ON ROCKET

+315 Days

$599,000

-$166.4K Less

KEY TAKEAWAY

This property is $166.4K less 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: #DESU2042100

Listing Office:

  • Office Name: Mann & Sons, Inc.
  • Office Phone: (302) 227-9477
  • Listing Agent: PAMELA RUTH ALBANESE

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: 5/10/2024, 12:16:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,862

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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.

Elementary School

school-card-donut-9798211
9
/10

  • Rehoboth Elementary School

  • 500 Stockley St

  • 0.83 miles

  • Public District Grades PK-6

Middle School

school-card-donut-9798212
7
/10

  • Beacon Middle School

  • 19483 John J Williams Hwy

  • 3.90 miles

  • Public District Grades 4-8

High School

school-card-donut-9798213
5
/10

  • Cape Henlopen High School

  • 1250 Kings Hwy

  • 4.77 miles

  • Public District Grades 8-12

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. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8 Olive Ave Unit 207

What is the listing price of this property?

The listing price of 8 Olive Ave Unit 207 property is $599,000.

What type of property is this?

The property 8 Olive Ave Unit 207 is a condo located in Rehoboth Beach, Delaware, 19971.

Is this property for sale now?

Active Listing: 8 Olive Ave Unit 207 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 8 Olive Ave Unit 207 are:
Rehoboth Elementary School: GreatSchools Rating 9/10
Beacon Middle School: GreatSchools Rating 7/10
Cape Henlopen High School: GreatSchools Rating 5/10

How many bedrooms and bathrooms does this property have?

The property at 8 Olive Ave Unit 207 has 1 bathroom..

What is the square footage of this property?

The sq. ft. of 8 Olive Ave Unit 207 is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 8 Olive Ave Unit 207 is 1970.

Rocket Homes›Delaware›Sussex County›Rehoboth Beach›19971›8 Olive Ave Unit 207

This home is located at 8 Olive Ave Unit 207 in Rehoboth Beach, DE and zip code 19971. This home was built in 1970. Features: 1 bathroom. It has been listed on Rocket Homes since May 25, 2023 and is currently priced at $599,000.

In April 2024, from all listings sold in Rehoboth Beach, DE there were more than 12 sold above asking price, over 13 sold below and more than 6 were sold right at the asked price. Between March 2024 and April 2024, Rehoboth Beach, DE real estate market has seen increase in the number of listings by 10.5%. Listings spent 35 days on the market in April 2024, and had a median list price of $765,420 during the same period.

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

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