25 OLIVE AVE, REHOBOTH BEACH

Listing #1001569496: image #1
Listing Office: COLDWELL BANKER RESORT REALTY - R

8 Beds, 4 Baths
$1,950,000

MLS#: 1001569496

QUINTESSENTIAL REHOBOTH BEACH. Nothing says WELCOME like a wrap around porch graces 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. 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. Memories are made here. At it's new price, $1,950,000, all are encouraged to make the time to have another look at 25 Olive Avenue. The value of an unimproved standard size, oceanblock, Rehoboth Beach lot has been well established to be not less than $1.5 M, add the premium ($200K) equivalent to the amount of mortgage money is subsidized by the income potential of the Guest Cottage alone, add the premium for a 50% larger lot than the norm ($200K), and a new perspective of 25 Olive Avenue emerges.

Virtual Tour

Community:

Building Name:

School District: 
CAPE HENLOPEN
Structure Type: 
Detached
Style: 
Post & Beam
Victorian
Ownership: 
Fee Simple
Year Built: 
1910
Living Area SQFT Total: 
6,000
Lot Size SQFT: 
7,839
Lot Size Acres: 
0.18
Levels: 
3+
Bedrooms: 
8
Full Bathrooms: 
4
City Tax: 
$600.00 Annually
Parking Features: 
Paved Driveway
Construction Materials: 
Vinyl Siding
Roofing: 
Architectural Shingle
Foundation: 
Block

Exterior Features:

Porch And Patio: 
Porch(es)
Screened
Wrap Around
Other Structures: 
Above Grade
Pool: 
No Pool
Fencing: 
Partially
Electric Service: 
110 Volts
Water: 
Public
Sewer: 
Public Sewer

Utilities:

Heating System: 
Forced Air
Cooling System: 
Central A/C
Zoned
Hot Water: 
Electric
Basement: 
Yes
Basement Type: 
Sump Pump,Full,Walkout Stairs,Partially Finished

Interior Features:

Primary Flooring: 
Hardwood
Tile/Brick
Fireplace: 
Wood

Delaware Real Estate: 25 olive avenue

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