Address
31 Olive Avenue # A Rehoboth Beach, DE
Price
$ 1,997,000
Property Attributes
  • MLS#DESU183860
  • TypeCondos
  • CountySUSSEX
  • CityRehoboth Beach
  • AreaLewes Rehoboth Hundred
  • NeighborhoodNORTH REHOBOTH
  • Zip19971
  • StyleVictorian
  • Year Built1900
  • Taxes$ 2677
  • Price$ 1,997,000
  • Bedrooms7
  • Full Bathrooms7
  • Half Bathrooms1
  • Sqr Footage4200
  • Lot Size0.37 Acres
Listing Provided Courtesy Of:
RE/MAX Realty Group Rehoboth
Data Source:
Bright MLS
Property Description

A Rehoboth Beach landmark; this 7 bedroom 7.5 bath home perched at the corner of First Street and Olive Avenue has the best porch in town if you are looking to people watch or just enjoy the ocean breeze. Generous living spaces, first floor master suite, large kitchen suitable for multiple cooks, beautiful wood floors and grand staircase and just a block to the ocean make this offering perfect for family and friends or continue as a rental machine yielding over 125K per season. This is part of a 3-unit condo regime with parking for 4 cars. Home can be shown between rental change overs on Friday between 11-3. Priced determined with consideration for future second floor bathroom upgrades. Seller has continually maintained and upgraded this home.

Price History
5/25/2021 Listed $1,997,000

General Features

Accessibility None
Appliances Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Oven/Range - Gas, Washer, Water Heater
Architectural Style Victorian
Association Y/N No
Basement Partial
Bathrooms Count Main Level 3.00
Bathrooms Full Main Level 2
Building Name NONE AVAILABLE
Condo/Coop Association Y/N Yes
Construction Materials Frame
Cool Fuel Electric
Cooling Central A/C
County SUSSEX
Days on Market 20
Exterior Features Outside Shower
Garage Y/N No
HOA Fee 2 5040.00
HOA Fee 2 Frequency Annually
Heating Heat Pump(s)
High School District CAPE HENLOPEN
Interior Features Attic, Entry Level Bedroom, Kitchen - Eat-In, Wood Floors
Legal Subdivision NORTH REHOBOTH
Levels 2
MLS Area Lewes Rehoboth Hundred (31009)
New Construction No
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Patio/Porch Features Porch(es), Wrap Around
Possession Settlement
Price Per Sq Ft 475.48
Property Type Residential
Senior Community Y/N No
Sewer Public Sewer
Structure Type Detached
Subdivision Name NORTH REHOBOTH
Sussex DE Quadrants East of Rt 1
Tax Annual Amount 2677.0
Tax Year 2020
Unit Number A
Vacation Rental Y/N No
Water Access Y/N No
Water Body Name Atlantic Ocean
Zoning Q

Interior Features

Above Grade Finished Area 4200
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Basement Y/N Yes
Bathrooms Count All Upper Levels 5
Bathrooms Count Upper Level 1 5.00
Bathrooms Full All Upper Levels 5
Bathrooms Full Upper Level 1 5
Bathrooms Half Main Level 1
Bedrooms Count All Upper Levels 5
Bedrooms Count Upper Level 1 5
Below Grade Finished Area Source Assessor
Below Grade Finished Area Unit Type Square Feet
Below Grade Unfin Area Units Square Feet
Below Grade Unfin Sqft Source Assessor
Central Air Y/N Yes
Fireplace Features Gas/Propane
Fireplace Y/N Yes
Full Baths 7
Half Baths 1
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Living Area 4200
Main Level Bedrooms 2
Total Baths 8
Total Bedrooms 7
Total Fireplaces 1

Exterior Features

Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.37
Lot Size Source Assessor
Lot Size Square Feet 16117.00
Navigable Water Y/N No
Off Street - # Of Spaces 4
Pool Y/N No Pool
Total Parking Spaces 4
Type of Parking Off Street
Water Body Type Ocean
Water Oriented Y/N Yes
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Condos Average in 19971

Price
AVG $850K
$2M
Taxes
AVG $1,669
$2,677
Visits
AVG 198
7
Year Built
AVG 2000
1900

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