Seller's Agent in 2020
Kimberly Martin
Creig Northrop Team of Long & Foster
(302) 381-5258
1 in this area
29 Total Sales
113 Tern Dr Bethany Beach, DE 19930
Estimated Value: $1,581,000 - $2,447,000
5
Beds
3.5
Baths
3,600
Sq Ft
$531/Sq Ft
Est. Value
Highlights
- 190 Feet of Waterfront
- 1 Boat Dock
- Open Floorplan
- Lord Baltimore Elementary School Rated A-
- Access to Tidal Water
- Canal View
About This Home
As of July 2020This exceptional property is situated just over 1 block from the beach on an oversized 7,475 SF lot at the corner of two canals with190 feet of canal frontage, and dock for the boat enthusiast. The lot, beautifully landscaped with colorful gardens and irrigated lawn, is about 50% oversized at 7,475 SF and located on a cul-de-sac in a quiet neighborhood with no above-ground utilities. Sold fully furnished & turn-key, the custom and meticulously maintained home, built by R.A. Bunting Co., provides a generous 3,600 SF of living space, an open main-level floor plan and water views from most rooms. The main level features a large dining area and white kitchen with island, a huge family room with gas fireplace, a screened porch, a master bedroom with walk-in closet and private bathroom, a den, and laundry facilities. The upper level includes a second master bedroom, three additional bedrooms, two bathrooms, large closets, a covered porch and open deck for elevated, outdoor enjoyment with family and friends. The lower level includes a heated/cooled entry foyer and large 350 SF storage room. Outside, there are 2 showers for beachgoers, a double carport for 2 cars, driveway parking space for 4 additional cars, and a large covered patio area for outdoor relaxation and dining with a separate gas line for grilling. This stunning property also features hardwood floors, ceramic-tiled bathrooms, Andersen windows & doors, a central vacuum, and all-new Carrier two-zone HVAC. It is offered at $1.29M with the lot alone valued at slightly over $725K based on the sale of a 10,750 SF vacant corner lot just 3 blocks down the same canal for $1.1M (MLS #1001576698). With the lot value alone being at least $727K, that calculates our list price for the 3,600 SF immaculate home to be just $563K making for an incredible buy! This is truly a phenomenal value!
Last Agent to Sell the Property
(302) 381-5258 kim_martin@comcast.net Northrop Realty Listed on: 10/30/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,554
Year Built
- Built in 2001
Lot Details
- 7,475 Sq Ft Lot
- 190 Feet of Waterfront
- Home fronts navigable water
- Home fronts a canal
- Cul-De-Sac
- East Facing Home
- Landscaped
- No Through Street
- Corner Lot
- Irregular Lot
- Sprinkler System
- Back, Front, and Side Yard
- Property is in very good condition
- Property is zoned 364
Home Design
- Coastal Architecture
- Contemporary Architecture
- Entry on the 1st floor
- Frame Construction
- Architectural Shingle Roof
- Piling Construction
Interior Spaces
- 3,600 Sq Ft Home
- Property has 3 Levels
- Open Floorplan
- Central Vacuum
- Furnished
- Built-In Features
- Ceiling Fan
- Recessed Lighting
- Fireplace With Glass Doors
- Gas Fireplace
- Double Pane Windows
- Insulated Windows
- Window Treatments
- Palladian Windows
- Sliding Windows
- Casement Windows
- Window Screens
- Entrance Foyer
- Living Room
- Dining Room
- Den
- Screened Porch
- Storage Room
- Canal Views
- Flood Lights
- Attic
Kitchen
- Built-In Self-Cleaning Oven
- Cooktop
- Built-In Microwave
- Extra Refrigerator or Freezer
- Dishwasher
- Kitchen Island
- Upgraded Countertops
- Trash Compactor
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- En-Suite Bathroom
- Walk-In Closet
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Parking
- 2 Parking Spaces
- 2 Attached Carport Spaces
- Private Parking
- Driveway
- Off-Street Parking
Outdoor Features
- Outdoor Shower
- Access to Tidal Water
- Canoe or Kayak Water Access
- Private Water Access
- Property is near a canal
- Bulkhead
- 1 Boat Dock
- Private Dock
- Dock Against Bulkhead
- Powered Boats Permitted
- Deck
- Patio
- Exterior Lighting
Utilities
- Forced Air Zoned Heating and Cooling System
- Heat Pump System
- Heating System Powered By Leased Propane
- Vented Exhaust Fan
- Propane
- Private Water Source
- Water Heater
- Municipal Trash
Additional Features
- Energy-Efficient Windows
- Flood Risk
Community Details
- No Home Owners Association
- Built by RA Bunting Co.
- Tern Landing Subdivision
Listing and Financial Details
- Tax Lot 10
- Assessor Parcel Number 134-20.08-264.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 30, 2019
Closed on
Jul 15, 2020
Sold by
Elrod Bryant D and Elrod Olivia A
Bought by
Barger Gregory W and Barger Wendy H
Seller's Agent
Kimberly Martin
Northrop Realty
Buyer's Agent
Russell Stucki
RE/MAX Realty Group Rehoboth
List Price
$1,290,000
Sold Price
$1,275,000
Premium/Discount to List
-$15,000
-1.16%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$636,197
Avg. Annual Appreciation
7.64%
Original Mortgage
$975,000
Outstanding Balance
$864,565
Interest Rate
3.1%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$1,046,632
Purchase Details
Listed on
Oct 30, 2019
Closed on
May 16, 2020
Sold by
Olivia A Elrod T
Bought by
Elrod Bryant D and Elrod Olivia A
Seller's Agent
Kimberly Martin
Northrop Realty
Buyer's Agent
Russell Stucki
RE/MAX Realty Group Rehoboth
List Price
$1,290,000
Sold Price
$1,275,000
Premium/Discount to List
-$15,000
-1.16%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Outstanding Balance
$864,565
Interest Rate
3.1%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$1,046,632
Purchase Details
Closed on
Oct 19, 2012
Sold by
Elrod Brant D and Elrod Olivia A
Bought by
Elrod Olivia A and Elrod Bryant D
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Barger Gregory W | $1,275,000 | None Available | |
| Elrod Bryant D | -- | None Available | |
| Elrod Olivia A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Barger Gregory W | $975,000 | |
| Previous Owner | Elrod Bryant D | $510,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/15/2020 07/15/20 | Sold | $1,275,000 | -1.2% | $354 / Sq Ft |
| 06/08/2020 06/08/20 | Pending | -- | -- | -- |
| 06/03/2020 06/03/20 | For Sale | $1,290,000 | +1.2% | $358 / Sq Ft |
| 03/23/2020 03/23/20 | Off Market | $1,275,000 | -- | -- |
| 03/10/2020 03/10/20 | Pending | -- | -- | -- |
| 02/07/2020 02/07/20 | For Sale | $1,290,000 | +1.2% | $358 / Sq Ft |
| 12/11/2019 12/11/19 | Off Market | $1,275,000 | -- | -- |
| 10/30/2019 10/30/19 | For Sale | $1,290,000 | -- | $358 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,580 | $41,500 | $7,200 | $34,300 |
| 2024 | $1,716 | $41,500 | $7,200 | $34,300 |
| 2023 | $1,714 | $41,500 | $7,200 | $34,300 |
| 2022 | $1,686 | $41,500 | $7,200 | $34,300 |
| 2021 | $1,636 | $41,500 | $7,200 | $34,300 |
| 2020 | $1,585 | $41,500 | $7,200 | $34,300 |
| 2019 | $1,578 | $41,500 | $7,200 | $34,300 |
| 2018 | $1,593 | $41,500 | $0 | $0 |
| 2017 | $1,606 | $41,500 | $0 | $0 |
| 2016 | $1,418 | $41,500 | $0 | $0 |
| 2015 | $1,461 | $41,500 | $0 | $0 |
| 2014 | $1,439 | $41,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kimberly Martin
-
Russell Stucki
Buyer's Agent in 2020
Russell Stucki
RE/MAX
(302) 228-7871
5 in this area
98 Total Sales
Map
Source: Bright MLS
MLS Number: DESU150504
APN: 134-20.08-264.00
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