7 Olive Avenue

Rehoboth Beach, DE
$ 2,274,900 Beds 5 Baths 4.5 Sq 2,958
Monthly Estimate* How much can I afford?

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!

Single Family

  • Price
  • $ 2,274,900
  • Lot Size
  • 4,792 SqFt
  • Bedrooms
  • 5
  • Sqr Footage
  • 2,958
  • Full Bathrooms
  • 4
  • Year Built
  • 1999
  • Half Bathrooms
  • 1
  • City, Zip
  • Rehoboth Beach
  • Taxes
  • 2400
  • County
  • SUSSEX
  • Style
  • Coastal
  • Area
  • Lewes Rehoboth Hundred
  • MLS#
  • DESU140752
  • Zip
  • 19971
Listing Provided by: Coldwell Banker Resort Realty - Rehoboth

Features

General

Acceptable Financing Cash, Conventional
Accessibility None
Additional Parcels Y/N No
Appliances Built-In Microwave, Built-In Range, Cooktop, Dishwasher, Dryer - Electric, Oven - Wall, Oven/Range - Electric, Refrigerator, Washer
Architectural Style Coastal
Association Y/N No
Building Name NONE AVAILABLE
Condo/Coop Association Y/N No
Construction Materials Frame
Cool Fuel None
Cooling Central A/C
County SUSSEX
Days on Market 616
Exterior Features BBQ Grill, Outside Shower, Lawn Sprinkler
Flooring Carpet, Ceramic Tile
Garage Y/N No
Heating Central
High School CAPE HENLOPEN
High School District CAPE HENLOPEN
Historic Y/N No
Interior Features Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Window Treatments
Legal Subdivision NORTH REHOBOTH
Levels 2
Location Type Downtown
MLS Area Lewes Rehoboth Hundred (31009)
New Construction No
Open Parking Spaces 4.00
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Parking Features Asphalt Driveway
Possession Settlement
Price Per Sq Ft 769.07
Property Type Residential
Real Estate Owned Y/N No
Roof Architectural Shingle
Senior Community Y/N No
Sewer Public Septic
Structure Type Detached
Subdivision Name NONE AVAILABLE
Sussex DE Quadrants East of Rt 1
Tax Annual Amount 2400.36
Tax Lot 7
Tax Year 2018
Utilities Cable TV, Multiple Phone Lines, Phone
Vacation Rental Y/N Yes
View Ocean
Water Access Y/N No
Zoning Q

Interior Features

Above Grade Finished Area 2958
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Basement Y/N No
Bathrooms Count All Upper Levels 2
Bathrooms Count Main Level 3.00
Bathrooms Count Upper Level 1 2.00
Bathrooms Full All Upper Levels 1
Bathrooms Full Main Level 3
Bathrooms Full Upper Level 1 1
Bathrooms Half All Upper Levels 1
Bathrooms Half Upper Level 1 1
Bedrooms Count All Upper Levels 1
Bedrooms Count Upper Level 1 1
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
Entry Level 1
Fireplace Y/N Yes
Full Baths 4
Half Baths 1
Heating Fuel None
Heating Y/N Yes
Laundry Type Main Floor
Living Area 2958
Main Level Bedrooms 4
Total Baths 5
Total Bedrooms 5
Total Fireplaces 1

Exterior Features

Horse Y/N No
Inclusions Home to be conveyed fully furnished.
Lot Dimensions 50.00 x 100.00
Lot Size Acres 0.11
Lot Size Source Estimated
Lot Size Square Feet 5000.00
Navigable Water Y/N No
Pool Y/N No Pool
Spa No
Type of Parking Driveway
Water Body Type Ocean
Water Oriented Y/N Yes
Water Source Public
Water View Y/N Yes
Waterfront Y/N No

Amenities

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

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Ashburn, VA office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Cape Henlopen High School

Price History

5/20/2019 Listed $2,499,000
8/27/2019 9% - $2,274,900

Property vs Zip Code Average in 19971

Price
AVG $1.3M
$2.27M
Taxes
AVG $1,779
$2,400
Visits
AVG 123
205
Year Built
AVG 2000
1999
Walkscore
AVG 39
63
Data Provided by Walkscore ® not using MLS data

Map

7 Olive Avenue Rehoboth Beach, DE is a Single Family Home for sale at $2274900 with 2958 sqft and a lot size of 4,792 SqFt Acre(s). 7 Olive Avenue Rehoboth Beach has 5 bedrooms, 4 baths and was built in 1999. The property's zip code is 19971 which is in Rehoboth Beach, DE

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.