Rehoboth Beach, DE 19971,7 OLIVE AVE
Rehoboth Beach, DE 19971,7 OLIVE AVE
Rehoboth Beach, DE 19971,7 OLIVE AVE
Rehoboth Beach, DE 19971,7 OLIVE AVE
Rehoboth Beach, DE 19971,7 OLIVE AVE
Rehoboth Beach, DE 19971,7 OLIVE AVE
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$2,100,000

$2,274,900

7.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

5 Beds

5 Baths

2,958 SqFt


SOLD DATE : 04/23/2021

Key Details

Sold Price $2,100,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 2,958 sqft

Price per Sqft $709

Subdivision None Available

MLS Listing ID DESU140752

Sold Date 04/23/21

Style Coastal

Bedrooms 5

Full Baths 4

Half Baths 1

HOA Y/N N

Abv Grd Liv Area 2,958

Originating Board BRIGHT

Year Built 1999

Annual Tax Amount $2,400

Tax Year 2018

Lot Size 5,000 Sqft

Acres 0.11

Lot Dimensions 50.00 x 100.00

Property Description

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!

Location

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning Q

Rooms

Main Level Bedrooms 4

Interior

Interior Features Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Window Treatments

Hot Water Electric

Heating Central

Cooling Central A/C

Flooring Carpet, Ceramic Tile

Fireplaces Number 1

Equipment Built-In Microwave, Built-In Range, Cooktop, Dishwasher, Dryer - Electric, Oven - Wall, Oven/Range - Electric, Refrigerator, Washer

Furnishings Yes

Fireplace Y

Appliance Built-In Microwave, Built-In Range, Cooktop, Dishwasher, Dryer - Electric, Oven - Wall, Oven/Range - Electric, Refrigerator, Washer

Heat Source None

Laundry Main Floor

Exterior

Utilities Available Cable TV, Multiple Phone Lines, Phone

Water Access N

View Ocean

Roof Type Architectural Shingle

Accessibility None

Garage N

Building

Story 2

Sewer Public Septic

Water Public

Architectural Style Coastal

Level or Stories 2

Additional Building Above Grade, Below Grade

Structure Type Dry Wall,Cathedral Ceilings

New Construction N

Schools

High Schools Cape Henlopen

School District Cape Henlopen

Others

Senior Community No

Tax ID 334-14.14-27.00

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Horse Property N

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by KATHY NEWCOMB • Coldwell Banker Resort Realty - Rehoboth
Bought with Debbie Reed • RE/MAX Realty Group Rehoboth
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