7 Olive Ave
Rehoboth Beach, DE 19971

Sold $2,100,000 Sold on 1/1/0001
  • 5 Bedrooms
  • 5 Bathrooms
  • 2958 sq ft
  • Status Closed
  • Single Family
  • MLS# DESU140752

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Ed Balcerzak

Maryland License # 507444

Ocean City West

(443) 497-4746

More property info for 7 Olive Ave

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!
Interior Details
  • Above Grade Fin SQFT: 2958
  • Architectural Style: Coastal
  • Bathrooms Full: 4
  • Bathrooms Half: 1
  • Below Grade Fin SQFT: 0
  • Below Grade Finished Area Units: Square Feet
  • Fireplaces Count: 1
  • Flooring Type: Carpet, Ceramic Tile
  • Interior Features: Carpet, Ceiling Fan(s), Combination Kitchen/Dining, D
  • Levels Count: 2
  • Wall & Ceiling Types: Dry Wall, Cathedral Ceilings
Exterior Details
  • Exterior Features: BBQ Grill, Outside Shower, Lawn Sprinkler
  • Lot Size Acres: 0.11
  • Lot SQFT: 5000.00
  • Navigable Water YN: No
  • Parking Features: Asphalt Driveway
  • Roof: Architectural Shingle
  • View: Ocean
  • Water Access YN: No
  • Water Body Type: Ocean
  • Water Oriented YN: Yes
  • Waterfront YN: No
Community Information
  • County: SUSSEX
  • HOA YN: No
  • Location Type: Downtown
  • MLS Area: Lewes Rehoboth Hundred (31009)
  • Senior Community YN: No
  • Subdivision Name: NONE AVAILABLE
  • Zoning: Q
School Details
  • High School: CAPE HENLOPEN
  • School District Name: CAPE HENLOPEN
Property Information From MLS Data
  • Accessibility Features: None
  • DOM: 648
  • New Construction YN: No
  • Story List: Main, Upper 1
  • Year Built: 1999
Financial Information
  • Sale Type: Standard
  • Tax Annual Amount: 2400.36
  • Tax Year: 2018
Utilities
  • Cooling Fuel: None
  • Cooling Type: Central A/C
  • Heating Fuel: None
  • Heating Type: Central
  • Hot Water: Electric
  • Sewer Septic: Public Septic
  • Utilities: Cable TV, Multiple Phone Lines, Phone
  • Water Source: Public
Listing Office
  • Buyer Agent Full Name: Debbie Reed
  • Buyer Office Name: RE/MAX Realty Group Rehoboth
  • Co Buyer Agent Full Name: Jessica White Harrison
  • Co Buyer Office Name: RE/MAX Realty Group Rehoboth
  • Co List Agent Full Name: ELIZABETH DORMAN
  • Co List Office Name: Coldwell Banker Resort Realty - Rehoboth
  • List Agent Full Name: KATHY NEWCOMB
  • List Office Name: Coldwell Banker Resort Realty - Rehoboth
  • List Office Phone: 3022275000

7 Olive Ave Map Location

7 Olive Ave, Rehoboth Beach, DE 19971
Listing courtesy of Coldwell Banker Resort Realty - Rehoboth

Information obtained from Bright MLS is current as of 4/23/2024 3:37 AM.

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