8 Olive Avenue
Rehoboth Beach, DE 19971

Last Updated: 9/21/20 12:17 AM | Courtesy Of: Ocean Atlantic Sotheby's International Realty
  • Bedrooms2
  • Bathroom1
  • Square Footage750
  • Year Built1970
  • Date Listed9/15/20
  • Price Per Sqft$798
  • Days On Market9

Ocean block, fully furnished and turnkey! Patrician Towers Condominium, located in the heart of Rehoboth Beach, is 75 steps to the ocean and fewer to the iconic mile-long boardwalk. Features include a rooftop pool with panoramic views and ocean breezes, as well as a welcoming courtyard with benches and koi pond. Park one car on site (other options for street parking are available for additional vehicles) and walk to all Rehoboth offers from countless eateries; breweries; coffee shops; unique boutiques; local bookstore; amusements for children and adults alike; mini-golf and so much more. Walk or bike on the boardwalk or the Breakwater Junction Trail from Rehoboth to Lewes and further, taking in breathtaking views of ocean, marsh and glades. Take the Jolly Trolley to surrounding area beaches. This well equipped 2 BR, 1 BA 3rd floor unit welcomes you with Casual cottage florals and coastal shades of blue. It has wood tone flooring throughout. Enjoy viewing the ocean from the balcony, which features a covered reading nook and is a perfect spot for enjoying morning coffee or evening cocktails. The living area features comfortable seating for six and has a sleep sofa, if needed. The kitchen is fully stocked and opens to the living area with a large breakfast bar with stools. The banquette offers table seating or room for games or completing a puzzle on a rainy day. The wall mounted television is viewable from the living, dining and kitchen areas. The primary bedroom features a queen bed and plenty of storage in the dresser and closet and has a wall mounted television. The guest bedroom is cozy with twin Pottery Barn beds, and features a vanity closet with light and outlet for hair dryer. The bath features a fully tiled walk in shower. This unit is convenient to the large laundry room, also located on the 3rd floor. On-site management is a plus! This building is known for repeat rentals if looking for an investment. Completely renovated from top to bottom in 2001; new Geothermal/split HVAC system in 2005; new flat top convection range and hot water heater in 2019.

MLS#
DESU168582
Property Type
Condo
Bedrooms
2
County
SUSSEX
Bathroom
1
Year Built
1970
Water
Electric Water Heater, Public Water Service
Sewer
Public Sewer

Data provided below are primarily sourced from Public Records data.

Data provided below are primarily sourced from Public Records data.

Nearby Recent Sales (Sourced from Public Records)
Street AddressCityBedsBathsSold PriceSold Date
1 One Virginia Avenue UNIT 304 Rehoboth Beach 2 1 n/a 9/9/2020
2 8 Olive Avenue UNIT 402 Rehoboth Beach 1 1 n/a 7/31/2020
3 2 Virginia Avenue UNIT 502 Rehoboth Beach 2 2 n/a 7/31/2020
4 2 Virginia Avenue UNIT 526 Rehoboth Beach 2 2 n/a 7/10/2020
5 2 Virginia Avenue UNIT 225 Rehoboth Beach 2 2 n/a 7/10/2020
6 11 Virginia Avenue UNIT 203 Rehoboth Beach 1 1 n/a 7/27/2020
7 11 Virginia Avenue UNIT 204 Rehoboth Beach 2 1 n/a 7/17/2020
8 1 Virginia Avenue UNIT 417 Rehoboth Beach 1 1 n/a 7/29/2020
9 1 Virginia Avenue UNIT 515 Rehoboth Beach 1 1 n/a 5/14/2020
10 8 Olive Avenue UNIT 309 Rehoboth Beach 1 n/a 4/9/2020
Price History
DateEventPriceSource
9/20/2020Contingent $599,000  USD  MLSinfo
9/15/2020Active $599,000  USD  MLSinfo
Tax History (Sourced from Public Records)
yearProperty TaxesChangeTax AssessmentChange
2019$512   USD 5.79%$18,950   USD -
2018$484   USD 3.86%$18,950   USD -
2017$466   USD -38.44%$18,950   USD -
2016$757   USD 4.70%$18,950   USD -
2015$723   USD 0.70%$18,950   USD -
Rehoboth Beach, DE Population & Environmental Statistics
Zip
City
County
National
16,316
16,316
227,813
328,288,910
986
986
243
93
2
2
2.4
2.6
57
57
46.8
38.6
$65,974
$65,974
$50,044
$50,013
$53,884
$53,884
$30,647
$30,709
81
81
91
100
Environment
Zip
City
County
National
28.2
28.2
24.9
22.6
86.3
86.3
86.9
86.1
46
46
45.34
38
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Thomas O'Leary, License RB-0020870, corp@realty.com, 877-673-2589, L. Custen Realty, Inc. d/b/a Realty.com, Firm License , 3000 South Ocean Blvd. Suite 101, Boca Raton, FL 33432-8390
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