NOT LISTED FOR SALE

Estimated Value: $3,150,000

4 Beds
4 Baths
1,800 Sq Ft
$1,750/Sq Ft Est. Value

Last Sold May 31, 2019

Last sale price $2,208,627 $1,227 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $16,795/month

20 Days on Market

Highlights

  • Ocean View
  • Water Oriented
  • No HOA
  • Lord Baltimore Elementary School Rated A-
  • Furnished
  • Cottage

About This Home

As of May 2019

This coastal cottage is being demolished in September....so act fast! OCEAN VIEWS in downtown Bethany Beach!!! Less than 1/2 block to the Bethany Beach Boardwalk. No need to get frustrated searching for a parking spot. This property is located merely 250' from the beach. Sun and fun is right outside your doorstep. Once you arrive here, just park your car in your driveway or garage and relax. There's no need move it! This property is located only 1300' from Garfield Parkway. The Bethany Beach Boardwalk, shops, restaurants, mini golf, arcade, playground and bandstand with live entertainment are just steps away. Currently this unique property has 2 apartments, one on the first level and one on the second level. Each apartment has a private entrance, 2 bedrooms, 2 baths, living area and kitchen.There is also a detached garage, outdoor shower, cement driveway, screened porch and 2nd level deck with a view of the ocean. The premier location of this property provides you with 4 different options 1) Keep the property as is and just sit back and relax and just appreciate being at the beach. 2) Renovate and update the property to your taste and as you see necessary 3) Tear it down and use your own builder. There is no builder tie-in. 4) Building Plans for an amazing luxury Delaware Beach Dream Home have been approved and designed by one of Delaware Beaches finest local custom builders.The Specs...hydraulic elevator, 6 spacious bedrooms, 5 full bathrooms, roof top deck with views of the beach and Atlantic Ocean, gourmet kitchen, tile showers and bath floors, solid surface quartz or granite counters, high quality cabinetry with soft close, eat-in island, full laundry room, BBQ deck, Screened porch on 3rd Story, traditional shingle cottage style architecture, 2 car parking garage, 6 off street parking spaces and high efficiency heating and cooling.This to be built option is being offered at a price ranging between $2,200,000 - $2,399,000 (depending on your selections) Four options... for this prime Bethany Beach location. Which is your perfect fit? * List price of $1,499,900 for this property is for options 1, 2 and 3. Property is being sold in as is condition*

Last Agent to Sell the Property

Chrisy Tingle

(302) 377-4159 chrisyrey@aol.com Keller Williams Realty License #RS-0023952 Listed on: 08/08/2018

Keller Williams Realty

Last Buyer's Agent

Chrisy Tingle

(302) 377-4159 chrisyrey@aol.com Keller Williams Realty License #RS-0023952 Listed on: 08/08/2018

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,614

Year Built

  • Built in 1969

Lot Details

  • 4,250 Sq Ft Lot
  • Lot Dimensions are 48 x 90

Parking

  • 1 Car Detached Garage
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Driveway

Home Design

  • Cottage
  • Shingle Roof
  • Cedar

Interior Spaces

  • 1,800 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Ocean Views

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

Outdoor Features

  • Water Oriented
  • Property is near an ocean

Location

  • Flood Risk

Utilities

  • Window Unit Cooling System
  • Hot Water Baseboard Heater
  • Municipal Trash

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 135.00
  • Assessor Parcel Number 134-13.16-135.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,614

Year Built

Built in 1969

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Carpet, Vinyl
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 1800
  • Living Area Sq Ft: 1800
  • Price Per Sq Ft: 1222.22
  • Above Grade Finished Sq Ft: 1800
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Cedar
  • Roof: Shingle
  • Spa: No
  • View: Ocean, Water
  • Water Access: No
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Covered Parking, Garage - Front Entry, Additional Storage Area
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Driveway, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Size Acres: 0.10
  • Lot Dimensions: 48 X 90
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4250.00
  • Zoning: Q
  • Zoning Description: Residential
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5109053
  • School Tax: 938.00
  • Tax Annual Amount: 3613.90
  • Assessor Parcel Number: 134-13.16-135.00
  • Tax Lot: 135.00
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2017

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2018
Closed on
Jun 10, 2019
Sold by
Luxe Assets Llc
Bought by
Horn Brian
Seller's Agent
Chrisy Tingle
Keller Williams Realty
Buyer's Agent
Chrisy Tingle
Keller Williams Realty
List Price
$1,499,900
Sold Price
$2,208,628
Premium/Discount to List
$708,728
47.25%
Current Estimated Value
$3,150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$941,372
Avg. Annual Appreciation
5.50%
Original Mortgage
$1,766,902
Outstanding Balance
$1,540,554
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,609,446

Purchase Details

Listed on
Mar 7, 2017
Closed on
Apr 23, 2018
Sold by
Amended and Amended Restated T
Bought by
Luxe Assets Llc
Seller's Agent
Mark D'ambrogi
Crowley Associates Realty
Buyer's Agent
Chrisy Tingle
Keller Williams Realty
List Price
$1,250,000
Sold Price
$1,000,000
Premium/Discount to List
-$250,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
109.71%
Original Mortgage
$1,600,000
Interest Rate
4.4%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 6, 1996
Bought by
Bramhall Eben T (Trustee)
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Luxe Assets Llc $1,000,000 --
Bramhall Eben T (Trustee) -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luxe Assets Llc $1,600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2019 05/31/19 Sold $2,208,628 +48.2% $1,227 / Sq Ft
08/28/2018 08/28/18 Pending -- -- --
08/17/2018 08/17/18 Price Changed $1,490,000 -0.7% $828 / Sq Ft
08/08/2018 08/08/18 For Sale $1,499,900 +50.0% $833 / Sq Ft
05/04/2018 05/04/18 Sold $1,000,000 -11.1% $556 / Sq Ft View Prior Sale
03/07/2018 03/07/18 Pending -- -- --
03/01/2018 03/01/18 Price Changed $1,125,000 -10.0% $625 / Sq Ft
03/07/2017 03/07/17 For Sale $1,250,000 -- $694 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,832 $27,850 $16,800 $11,050
2024 $2,076 $27,850 $16,800 $11,050
2023 $2,073 $27,850 $16,800 $11,050
2022 $2,052 $27,850 $16,800 $11,050
2021 $1,991 $27,850 $16,800 $11,050
2020 $1,900 $27,850 $16,800 $11,050
2019 $1,477 $27,850 $16,800 $11,050
2018 $1,053 $27,850 $0 $0
2017 $1,062 $27,850 $0 $0
2016 $936 $27,850 $0 $0
2015 $964 $27,850 $0 $0
2014 $950 $27,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002175306

Bright MLS

APN: 134-13.16-135.00