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8 Olive Avenue , #503

REHOBOTH BEACH, DE 19971
  • $529,000
  • STATUS: Active Under Contract
  • ON SITE: 15 Days
  • ID#: DESU2012182
Under Contract
$529,000
  • 0
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 500
    SQFT
  • $1,058
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1970
County:

School Ratings & Info

School District:

Description

Ocean block efficiency in Rehoboth in sought after Patrician Towers! Located on the the 5th floor, enjoy ocean views and city views from the expansive, private balconies facing South and West. With multiple sliding doors and windows, this L-shaped unit, flooded with light, has the feel of a one bedroom, with a custom expandable sleeping area partition, providing privacy from the living and dining areas. Take the elevator to the 7th floor roof top pool and patio offering panoramic views of the beach and boardwalk! Park your car in the underground garage and walk to everything Rehoboth has to offer. This secure building offers onsite management, lobby, outdoor shower, landscaped courtyard with bench seating and delightful koi pond. Patrician Towers has recently had major renovations to the North, West and East sides of the building to maintain the structural integrity and improve the appearance of the building. These included new aluminum awnings; pool deck awning to provide guests some shade; new deck coating on balconies; brick pointing; soffit coatings; balcony drip edge replacement and more. The final phase of improvements, to occur on the South side of the building will commence in September of 2022, with completion in May of 2023. Condo fees include public water and sewer; building insurance and maintenance of all common elements. There is a 10% discount for condo fees paid on time. This unit has not been rented, but rentals are permitted for periods of one week or more. Onsite management can take care of rentals if you so desire.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Your Home Realty | Long & Foster Real Estate. 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. Data last updated: 2022-01-23T23:48:49.363.
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8 Olive Avenue , #503 REHOBOTH BEACH, DE 19971

  • Price: $529,000
  • Status: Active Under Contract
  • On Site: 15 Days
  • ID#: DESU2012182
0
Beds
1
Baths
0
½ Baths
N/A
Acres
500
SQFT
$1,058
$/SQFT
1970
Built
Neighborhood:
Rehoboth Beach
County:
Sussex
Area:
Lewes Rehoboth Hundred (31009)
School District:
Cape Henlopen
Property Description
Ocean block efficiency in Rehoboth in sought after Patrician Towers! Located on the the 5th floor, enjoy ocean views and city views from the expansive, private balconies facing South and West. With multiple sliding doors and windows, this L-shaped unit, flooded with light, has the feel of a one bedroom, with a custom expandable sleeping area partition, providing privacy from the living and dining areas. Take the elevator to the 7th floor roof top pool and patio offering panoramic views of the beach and boardwalk! Park your car in the underground garage and walk to everything Rehoboth has to offer. This secure building offers onsite management, lobby, outdoor shower, landscaped courtyard with bench seating and delightful koi pond. Patrician Towers has recently had major renovations to the North, West and East sides of the building to maintain the structural integrity and improve the appearance of the building. These included new aluminum awnings; pool deck awning to provide guests some shade; new deck coating on balconies; brick pointing; soffit coatings; balcony drip edge replacement and more. The final phase of improvements, to occur on the South side of the building will commence in September of 2022, with completion in May of 2023. Condo fees include public water and sewer; building insurance and maintenance of all common elements. There is a 10% discount for condo fees paid on time. This unit has not been rented, but rentals are permitted for periods of one week or more. Onsite management can take care of rentals if you so desire.
Exterior Features

Architectural Style Coastal Construction Materials BlockBrickGlass Direction Faces East Exterior Features Outside ShowerStreet Lights Garage Spaces 1.00 Garage Type Basement GarageGarage Door OpenerGarage - Front EntryUndergroundInside Access Garage YN No Location Type Corner Lot/Unit Other Equipment See Remarks Other Structures Above GradeBelow Grade Parking Types Parking Garage Patio And Porch Features Balconies- MultipleBrick Pool Yes - Community Property Condition Very Good Riparian Rights YN No Road Responsibility City/County Roof Flat Unit Building Type Mid-Rise 5 - 8 Floors View CityCourtyardOcean Water Access YN No Water Oriented YN No Water View YN Yes Waterfront YN No

Interior Features

Above Grade Fin SQFT 500 Appliances DishwasherDisposalIcemakerMicrowaveOven/Range - ElectricRefrigeratorWater Heater Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling GeothermalHeat Pump(S)Central A/C Exclusions Framed Print Over Living Area Sofa.Beach Umbrellas And Chairs in Storage Box On Deck. Fireplace YN No Fireplaces Total 0 Flooring ConcreteFully Carpeted Furnished Yes Heating Forced Air Heating YN Yes Inclusions Condominium Being Sold Turnkey With Minor ExclusionsListed Below. Interior Features Built-InsCarpetCombination Dining/LivingEfficiencyElevatorEntry Level BedroomFloor Plan - OpenKitchen - EfficiencyStudioWindow Treatments Laundry Type CommonLower Floor Levels 6 Main Level Bedrooms 0 Pets Allowed Cats OkDogs Ok Security Features Desk in LobbyExterior CamerasMain Entrance LockSecurity GateSmoke Detector Spa YN No Unit Floors 1 Walls Ceilings Dry WallOther

Property Features

Acceptable Financing CashConventional Accessibility Features ElevatorLevel Entry - MainLow Pile CarpetingNo Stairs Assessment Year 2021 Association Amenities Elevator Association Fee Includes Common Area MaintenanceManagementPool(S)Reserve Funds Association Fee2 1277.44 Association Fee2 Frequency Quarterly Association YN No Central Air YN Yes Condo YN Yes Cooling Fuel ElectricGeothermal Cross Street First And Olive Elevators 1 Entry Level 5 Federal Flood Zone YN No Heating Fuel Electric Historic YN No Hot Water Electric Internet Services Cable Lease Considered YN No Navigable Water YN N New Construction YN No Number Of Units Total 51 Original MLSNumber 801262085610 Ownership Interest Condominium Pets Allowed YN Yes Possession Immediate Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Unit/Flat/Apartment Tax Annual Amount 715.78 Transportation Bus Stop Less Than 1 Mile Utilities Cable Tv AvailableElectric AvailableOther Vacation Rental YN No Water Source Public Window Features ScreensSliding Year Built Effective 2002 Zoning Tn

Listing courtesy of Ocean Atlantic Sotheby's International Realty.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Your Home Realty | Long & Foster Real Estate. 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. Data last updated: 2022-01-23T23:48:49.363.
 
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