25 Olive Avenue

    REHOBOTH BEACH, DE 19971
    • $1,950,000
    • STATUS: Active
    • ON SITE: 350 days
    • ID#: 1001569496
    $1,950,000
    • 8
      BEDS
    • 0.18
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 6,000
      SQFT
    • $325
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1910
    County:

    School Ratings & Info

    School District:

    Description

    QUINTESSENTIAL REHOBOTH BEACH. Nothing says WELCOME like a wraparound porch graced by an ocean breezes. This authentic ocean block gem boasts 8 Bedrooms, plus a Nursery, 6 Bathroom Main House + 2 Bedroom, 1 Bathroom, 2 Living Room Detached Guest Cottage. Ample parking. Never fret about parking again with parking for 7 cars at Main House + additional parking for 2 Cars at Guest Cottage. Collect over $100,000 annual rental income. Classic Architecture & Family Fun never go out of style. Four levels of family harmony with the beach, boardwalk, dining and entertainment at your doorstep. Retire each night to the lullaby of the ocean. 484 sq ft of Total 3,028 sq ft located in Basement. The value of an unimproved standard size, oceanblock, Rehoboth Beach lot has been well established to be not less than $1.5 M, add to this the premium ($200K) equivalent to the amount of mortgage money subsidized by the income potential of the Guest Cottage alone, add to this the premium for a 50% larger lot than the norm ($200K), and a greater appreciation emerges. Memories are made here.

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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-05-21T23:56:25.847.
    www.easternshorehomesolutions.com/homes/84288064

    25 Olive Avenue REHOBOTH BEACH, DE 19971

    • Price: $1,950,000
    • Status: Active
    • ID#: 1001569496
    8
    Beds
    6
    Baths
    0
    ½ Baths
    0.18
    Acres
    6,000
    SQFT
    $325
    $/SQFT
    1910
    Built
    Neighborhood:
    North Rehoboth
    County:
    Sussex
    Area:
    Lewes Rehoboth Hundred (31009)
    School District:
    Cape Henlopen
    Property Description
    QUINTESSENTIAL REHOBOTH BEACH. Nothing says WELCOME like a wraparound porch graced by an ocean breezes. This authentic ocean block gem boasts 8 Bedrooms, plus a Nursery, 6 Bathroom Main House + 2 Bedroom, 1 Bathroom, 2 Living Room Detached Guest Cottage. Ample parking. Never fret about parking again with parking for 7 cars at Main House + additional parking for 2 Cars at Guest Cottage. Collect over $100,000 annual rental income. Classic Architecture & Family Fun never go out of style. Four levels of family harmony with the beach, boardwalk, dining and entertainment at your doorstep. Retire each night to the lullaby of the ocean. 484 sq ft of Total 3,028 sq ft located in Basement. The value of an unimproved standard size, oceanblock, Rehoboth Beach lot has been well established to be not less than $1.5 M, add to this the premium ($200K) equivalent to the amount of mortgage money subsidized by the income potential of the Guest Cottage alone, add to this the premium for a 50% larger lot than the norm ($200K), and a greater appreciation emerges. Memories are made here.
    Exterior Features

    Architectural Style Victorian Construction Materials Vinyl Siding Exterior Features Outside Shower Fencing Partially Garage YN No Other Structures Above Grade Parking Features Paved Driveway Parking Types Off StreetDriveway Patio And Porch Features Porch(Es)ScreenedWrap Around Pool No Pool Riparian Rights YN No Road Responsibility Public Roof Architectural Shingle Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 6000 Appliances DishwasherDisposalDryer - ElectricExtra Refrigerator/FreezerFreezerIcemakerRefrigeratorOven/Range - ElectricWasherWasher/Dryer StackedWater Heater Basement Sump PumpFullWalkout StairsPartially Finished Basement YN Yes Building Area Total 6000.00 Cooling Central A/CZoned Fireplace Features Wood Fireplace YN No Flooring HardwoodTile/Brick Furnished Partially Heating Forced Air Heating YN Yes Inclusions Partially Furnished Interior Features 2nd KitchenWindow Treatments Levels 3+ Net Square Feet 6000.00 Room List Living RoomDining RoomMaster BedroomKitchenFamily RoomLaundryMud RoomOtherStorage RoomAdditional Bedroom Rooms Total 20 Stories 3 Upper Level1 Bedrooms 4

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Association Amenities Beach Association YN No Building Name None Available Central Air YN Yes Condo YN No Cooling Fuel Electric Electric 110 Volts Federal Flood Insurance Yes Foundation Details Block Heating Fuel Electric Historic YN No Hot Water Electric Incorporated City Name Rehoboth Beach Navigable Water YN N New Construction YN No Original MLSNumber 7594670:SCAOR Ownership Interest Fee Simple Possession Settlement Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Detached Total Actual Rent 100000.00 Utilities Cable Tv Available Vacation Rental YN Yes Water Source Public Zoning Tc Zoning Description Town Codes

    Listing courtesy of Coldwell Banker Resort Realty - R.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-05-21T23:56:25.847.
     
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