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Sold for $444,000
  • $444,000

    36525 Palm Dr Unit 5106, Rehoboth Beach, DE 19971

    3beds
    1,426sqft
    Condominium
    Built in 2003
    -- sqft lot
    $479,400 Zestimate®
    $311/sqft
    $2,366 Estimated rent

    Home value

    $479,400

    $451,000 - $508,000

    $2,366/mo

    Zestimate® history
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    What's special

    Lovely swimming poolPremier seasonal event venueLarge bedroomsOutlet shoppingPicturesque pondsBike racksStainless appliances
    This summer, maximize your enjoyment by avoiding the stress of traffic and delays at this conveniently situated address. The Palms of Rehoboth is located just under ¾ mile from turn for the avenue into Rehoboth off of Coastal Highway. A plethora of restaurants, outlet shopping, a gourmet grocery store, water park, and the premier seasonal event venue, Schellville, are all at your doorstep. There is a crosswalk directly in front of the community leading to easy access to the Junction and Breakwater Bike Trail that will take you directly into Rehoboth or also to Lewes and Cape Henlopen State Park. This cool and chic 3-bedroom 2-bath first floor unit is spectacular. Large bedrooms allow for sleeping up to 10 or more. Recent updates to the kitchen and baths as well as flooring and an eye for style makes this unit the one not to be missed. A large open kitchen-living area is big enough for large gatherings. Home is lovingly decorated and is being offered fully furnished. Kitchen features enchanting granite countertops along with breakfast bar. The large deep double-sided stainless sink and stainless appliances make preparing meals a breeze. Kitchen is fully equipped with small appliances, all plates, pots, pans, and utensils. A large dining table offers plenty of space for enjoying gatherings. The living space features a wonderful relaxing area for watching tv, enjoying a book or just resting after a fun-filled day. The home will convey with 3 televisions. Adding to the enjoyment, the home features a screened in porch with dining table as well as a covered patio perfect for grilling. Outdoor activities can be enjoyed in the backyard area as well as large open lawn area to the side of the property. Once you are done enjoying the beaches or boardwalk, come home to the Palms of Rehoboth. The community offers open lawns, picturesque ponds with fountain and a lovely swimming pool. All exterior maintenance is taken care of by the association. Community has large parking lot and bike racks. A carefree community offering location, ease of ownership and convenience. Relax, you are at the beach! Investors take note. This property has proven to be a strong rental. Due to its quick access to Rehoboth Beach, the property rents extremely well in season. Add in the fact that it is directly across the street from the Schellville holiday venue, rentals off season are at a premium. Seller will share all rental data and information if new buyers wish to continue earning rental income. The 2024 season does have many weeks already rented.

    Zillow last checked:

    Listing updated:

    Listed by:

    Geoffrey HOWARD 302-272-0538,

    Keller Williams Realty

    Bought with:

    Chris BEAGLE, RS-0020683

    Compass

    Source: Bright MLS,MLS#: DESU2057640MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 3
    Basement
    • Area: 0
    Heating
    • Heat Pump, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Electric Water Heater
    • Laundry: In Unit
    Features
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 1,426
    • Total interior livable area: 1,426 sqft
    • Finished area above ground: 1,426
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Parking Lot
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Pool features: Community
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 33413.00317.005106
    • Zoning: RES
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Other
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Vinyl Siding
    Condition
    • New construction: No
    • Year built: 2003

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Condo and coop fee: $800 quarterly
    • Subdivision: Palms Of Rehoboth
    HOA
    • Has HOA: No
    • Amenities included: Pool
    • Services included: Maintenance Grounds, Management, Trash, Snow Removal
    Location
    • Region: Rehoboth Beach

    Financial & listing details

    • Price per square foot: $311/sqft
    • Tax assessed value: $362,100
    • Annual tax amount: $859
    • Date on market: 3/15/2024
    • Listing agreement: Exclusive Agency
    • Ownership: Condominium

    Price history

    DateEventPrice
    4/19/2024Sold$444,000+3.5%$311/sqft
    Source: Bright MLS #DESU2057640 Report a problem
    3/19/2024Pending sale$429,000$301/sqft
    Source: Bright MLS #DESU2057640 Report a problem
    3/15/2024Listed for sale$429,000$301/sqft
    Source: Bright MLS #DESU2057640 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$765 -13.6%$181,050 +908.6%
    2024$885 +0.1%$17,950
    2023$884 +3.6%$17,950 +105.7%
    2022$853 +0.9%$8,725 -50%
    2021$845 +0.3%$17,450
    2020$843 $17,450
    2019$843 -0.1%$17,450 -2.8%
    2018$844 +7.1%$17,950
    2017$788 +9.9%$17,950
    2016$717 +4.7%$17,950
    2015$685 +0.7%$17,950
    2014$680 +2.9%$17,950
    2013$661 +0.4%$17,950
    2012$658 +11.9%$17,950
    2011$589 $17,950
    2010$589 -3%$17,950
    2009$606 $17,950
    2008-- --
    2007-- --
    2006-- --
    2005-- --
    2004-- --
    2003-- --
    Find assessor info on the county website

    Neighborhood: 19971

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Cape Henlopen

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $488,988