NOT LISTED FOR SALE

109 Georgetowne House Rd Bethany Beach, DE 19930

Estimated Value: $680,583 - $1,069,000

3 Beds
2 Baths
-- Sq Ft
$683/mo HOA Fee

Last Sold August 21, 2020

Last sale price $625,000

Est. 51% increase in value since last sale

Current estimated payment $6,102/month

13 Days on Market

Highlights

  • Ocean Front
  • Beach
  • Fitness Center
  • Lord Baltimore Elementary School Rated A-
  • Water Access
  • Gated Community

About This Home

As of August 2020

Fabulous Oceanfront at Sea Colony East overlooking beach and pool! Available now! Despite a strong rental history, the owners intentionally booked NO RENTALS FOR BALANCE OF SEASON so that a new owner would be able to enjoy it this summer! Beautiful ocean/pool level ground floor unit means no waiting in line for elevators or dragging sandy flip flops, chairs and towels through your beautiful condo. Just walk out your sliding doors to your balcony to the warm sands of Sea Colony s half mile private beach. Sea Colony's incredible amenities are just waiting for you to enjoy - including an award winning Tennis Center with tournaments and lessons, state-of-the-art Fitness Centers, 12 outdoor pools, 2 indoor pools, beach shuttles and walking/jogging pathways. Fully furnished, well appointed and move-in ready 3 bed / 2 bath condominium awaits. New HVAC 2020 and hot water heater 2018!

Last Agent to Sell the Property

Rick Foster

Engel & Völkers Annapolis License #RB-0020914 Listed on: 07/03/2020

Engel & Völkers Annapolis

Last Buyer's Agent

DAVE LEIDERMAN

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,164

Lot Details

  • Ocean Front
  • Home fronts navigable water
  • Land Lease of $2,000 per year expires in 57 years
  • Ground Rent

HOA Fees

  • $683 Monthly HOA Fees

Home Design

  • Pillar, Post or Pier Foundation
  • Metal Roof
  • Stone Siding
  • Masonry

Interior Spaces

  • Property has 1 Level
  • Furnished
  • Sliding Doors
  • Ocean Views
  • Stacked Electric Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Home Security

Parking

  • Assigned parking located at #G109 - Covered Parking
  • Parking Lot
  • 1 Assigned Parking Space

Outdoor Features

  • Water Access
  • Property is near an ocean

Utilities

  • Forced Air Heating and Cooling System
  • Private Water Source
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-17.00-56.05-109

Community Details

Overview

  • $2,472 Recreation Fee
  • Association fees include cable TV, common area maintenance, exterior building maintenance, custodial services maintenance, high speed internet, lawn maintenance, parking fee, pool(s), recreation facility, road maintenance, snow removal, trash
  • Mid-Rise Condominium
  • Sea Colony Georgetown Community
  • Sea Colony East Subdivision
  • Property Manager

Amenities

  • Common Area
  • Recreation Room
  • 2 Elevators
  • Community Storage Space

Recreation

  • Beach
  • Tennis Courts
  • Indoor Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Indoor Pool
  • Community Spa
  • Jogging Path

Security

  • Security Service
  • Gated Community
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,164

Lot Details

0

HOA Fees

$683 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator
  • Ownership: Land Lease
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Assigned Parking Space Numbers: G109 - Covered Parking
  • Remarks Public: Fabulous Oceanfront at Sea Colony East overlooking beach and pool! Available now! Despite a strong rental history, the owners intentionally booked NO RENTALS FOR BALANCE OF SEASON so that a new owner would be able to enjoy it this summer! Beautiful ocean/pool level ground floor unit means no waiting in line for elevators or dragging sandy flip flops, chairs and towels through your beautiful condo. Just walk out your sliding doors to your balcony to the warm sands of Sea Colony s half mile private beach. Sea Colony's incredible amenities are just waiting for you to enjoy - including an award winning Tennis Center with tournaments and lessons, state-of-the-art Fitness Centers, 12 outdoor pools, 2 indoor pools, beach shuttles and walking/jogging pathways. Fully furnished, well appointed and move-in ready 3 bed / 2 bath condominium awaits. New HVAC 2020 and hot water heater 2018!
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Dryer - Electric, Disposal, Icemaker, Microwave, Range Hood, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 1
  • Fireplace: No
  • Door Features: Sliding Glass
  • Elevators Count: 2
  • Foundation Details: Pillar/Post/Pier
  • Levels Count: 1
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 109

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry, Stone
  • Roof: Metal
  • View: Ocean
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Sprinkler System - Indoor, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Private/Community Water

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2050.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Basketball Courts, Beach, Cable, Common Grounds, Elevator, Exercise Room, Extra Storage, Fitness Center, Gated Community, Hot Tub, Jog/Walk Path, Pool - Indoor, Pool - Outdoor, Recreational Center, Security, Swimming Pool, Tennis - Indoor, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Cable Tv, Common Area Maintenance, Ext Bldg Maint, Custodial Services Maintenance, High Speed Internet, Lawn Maintenance, Parking Fee, Pool(s), Recreation Facility, Road Maintenance, Snow Removal, Trash
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: 2472.00
  • Association Recreation Fee: Yes

Schools

  • School District: INDIAN RIVER
  • School District Key: 300200396898
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 29450.00
  • Land Assessed Value: 1500.00
  • Land Lease Amount: 2000.00
  • Land Lease Amt Freq: Annually
  • Land Lease Years Remaining: 57
  • Land Use Code: RC
  • Lot Size Acres: 3.01
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 131116.00
  • Year Assessed: 2020
  • Zoning: A
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: Yes
  • Vacation Rental: Yes
  • Property Manager: Yes
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 5116080
  • School Tax: 1026.00
  • Tax Annual Amount: 1164.00
  • Assessor Parcel Number: 134-17.00-56.05-109
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 08/21/2020

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2020
Closed on
Aug 20, 2020
Sold by
Georgetown 109 Llc
Bought by
Cabell Christine E and Cabell Frank M
Seller's Agent
Rick Foster
Engel & Völkers Annapolis
Buyer's Agent
DAVE LEIDERMAN
Keller Williams Realty
List Price
$639,000
Sold Price
$625,000
Premium/Discount to List
-$14,000
-2.19%
Total Days on Market
13
Current Estimated Value
$946,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,396
Avg. Annual Appreciation
5.81%
Original Mortgage
$500,000
Outstanding Balance
$449,478
Interest Rate
3%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$369,824

Purchase Details

Closed on
Mar 2, 2011
Bought by
Foster Richard W

Purchase Details

Closed on
Feb 28, 2011
Bought by
Foster Richard W
Source: Public Records

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Range of Values:

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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
Cabell Christine E $625,000 None Available
Foster Richard W $435,000 --
Foster Richard W $435,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cabell Christine E $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2020 08/21/20 Sold $625,000 -2.2% --
07/16/2020 07/16/20 Pending -- -- --
07/03/2020 07/03/20 For Sale $639,000 -- --
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
2024 $1,280 $29,450 $0 $29,450
2023 $1,278 $29,450 $0 $29,450
2022 $1,258 $29,450 $0 $29,450
2021 $1,220 $29,450 $0 $29,450
2020 $1,164 $29,450 $0 $29,450
2019 $1,159 $29,450 $0 $29,450
2018 $1,170 $30,950 $0 $0
2017 $1,180 $30,950 $0 $0
2016 $1,040 $30,950 $0 $0
2015 $1,072 $30,950 $0 $0
2014 $1,056 $30,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rick Foster

    Seller's Agent in 2020

    Rick Foster

    Engel & Völkers Annapolis

    (410) 507-0874

    2 in this area

    3 Total Sales

    Rick Foster
    Section Image
  • DAVE LEIDERMAN

    Buyer's Agent in 2020

    DAVE LEIDERMAN

    Keller Williams Realty

    (443) 235-3828

    8 in this area

    72 Total Sales

    DAVE LEIDERMAN
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU163950

Bright MLS

APN: 134-17.00-56.05-109

Delaware Sussex County Bethany Beach 19930

109 Georgetowne House Rd, Bethany Beach, DE

This home is located at 109 Georgetowne House Rd, Bethany Beach, DE 19930 since 03 July 2020 and is currently estimated at $946,396. 109 Georgetowne House Rd is a home located in Sussex County with nearby schools including Lord Baltimore Elementary School, Selbyville Middle School, and Indian River High School.

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