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7 Olive Ave, Rehoboth Beach, DE 19971
5 Beds
5 Baths
2,958 sqft

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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 properties successful income stream. A winning combination.
  • Price:
  • $2,499,000
  • Bedrooms:
  • 5
  • Full Baths:
  • 4
  • Half Baths:
  • 1
  • Square Footage:
  • 2,958
  • Acreage:
  • 0.11
  • Year Built:
  • 1999
  • Listing ID #:
  • DESU140752
  • Street Address:
  • 7 Olive Ave
  • City:
  • Rehoboth Beach
  • State:
  • Delaware
  • Postal Code:
  • 19971
  • County:
  • Sussex
  • Community:
  • Lewes Rehoboth Hundred (31009)
  • Subdivision:
  • None Available
  • Listing Status:
  • Active
4
out of 5

Cape Henlopen High School
Public
9-12
1241 students
15 student/
teacher
  • Dwelling Type:
  • Detached
  • Exterior Features:
  • Bbq Grill, Outside Shower, Lawn Sprinkler
  • Finished Above Ground Square Footage:
  • 2958
  • Finished Square Feet:
  • 2958
  • Fireplace:
  • Yes
  • Flooring:
  • Carpet, Ceramic Tile
  • Furnished:
  • Yes
  • Interior Features:
  • Carpet, Ceilngfan(s), Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Window Treatments
  • Square Footage Source:
  • Estimated
  • Stories:
  • 2
  • Style:
  • Coastal
  • Total Building Square Footage:
  • 2958
  • Type Of Roof:
  • Architectural Shingle
  • View:
  • Ocean
  • Year Built:
  • 1999
  • Year Built Source:
  • Owner
  • Approximate Lot Size Range Source:
  • Owner
  • Lot Square Footage:
  • 5000.00
  • Days On Market:
  • 63
  • Included In Sale:
  • Home To Be Conveyed Fully Furnished.
  • Originating Mls:
  • Bright
  • Special Conditions Of Sale:
  • Standard
  • Terms:
  • Cash, Conventional
  • Building Name:
  • None Available
  • In City Limits:
  • Yes
  • Street Type:
  • Avenue
  • Subdivision:
  • None Available
  • City Taxes:
  • 549.36
  • County Taxes:
  • 188.00
  • Price Per Square Foot:
  • 844.83
  • Property Taxes:
  • $2,400
  • Tax Year:
  • 2018
  • Full Bathrooms On Main Level:
  • 3.00
  • Full Bathrooms On Upper Level:
  • 2
  • Laundry:
  • Main Floor
  • Parking Description:
  • Asphalt Driveway
  • Parking Type:
  • Driveway
  • Pool Description:
  • No Pool
  • Appliances:
  • Built-In Microwave, Built-In Range, Cooktop, Dishwasher, Dryer - Electric, Oven - Wall, Oven/Range - Electric, Refrigerator, Washer
  • Cooling System:
  • Central A/C
  • Existing Water:
  • Public
  • Heating:
  • Central
  • Sewage Type:
  • Public Septic
  • Water Body Type:
  • Ocean
  • Water View:
  • Yes
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Coldwell Banker Resort Realty - R
  • © 2019 BRIGHT, All Rights Reserved BRIGHT
  • Schools information provided by ATTOM

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