NOT LISTED FOR SALE

116 Hollywood St Bethany Beach, DE 19930

Estimated Value: $1,332,000 - $2,584,000

7 Beds
6.5 Baths
3,000 Sq Ft
$629/Sq Ft Est. Value

Last Sold March 25, 2021

Last sale price $1,275,000 $425 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $10,386/month

239 Days on Market

Highlights

  • Coastal Architecture
  • Deck
  • Furnished
  • Lord Baltimore Elementary School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of March 2021

Incredible rare opportunity to own 3 separate residences on an oceanblock property just steps to the beach. The main house offers 4 bedrooms, 4 full baths and the guest house has 2 apartments each with their own separate entrance. The lower level offers 1 bedroom, 1.5 baths, and the upper level has 2 bedrooms, 1 full bath. This unique setup allows for large families to gather at the beach while having their own spaces for rest and relaxation. The beautifully hardscaped courtyard oasis is surrounded by lush landscaping and is the perfect setting for crab feasts, yard games, and family fun. With a proven rental history, this is an excellent investment opportunity as you can rent all 3 homes or use one for yourself and rent the others. Situated just one block from boutique shops restaurants, and the heart of downtown Bethany, this is truly walking distance to everything.

Last Agent to Sell the Property

Leslie Kopp

Long & Foster Real Estate, Inc. License #RA-0003421 Listed on: 05/30/2020

Long & Foster Real Estate, Inc.

Co-Listed By

WAYNE LYONS

Long & Foster Real Estate, Inc. License #RS-0013341

Last Buyer's Agent

Megan Kinnahan

Berkshire Hathaway HomeServices PenFed Realty

Berkshire Hathaway HomeServices PenFed Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,814

Year Built

  • Built in 1900 | Remodeled in 1990

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40.00 x 125.00
  • North Facing Home
  • Vinyl Fence
  • Landscaped
  • Extensive Hardscape
  • Sprinkler System
  • Property is zoned TN

Home Design

  • Coastal Architecture
  • Cottage
  • Block Foundation
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,000 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Wood Burning Fireplace
  • Window Screens
  • Wood Flooring

Kitchen

  • Gas Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 7 Main Level Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Stone Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Deck
  • Enclosed Patio or Porch
  • Exterior Lighting
  • Outdoor Grill

Location

  • Flood Risk

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heat Pump System
  • 220 Volts
  • Tankless Water Heater
  • Propane Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 18
  • Assessor Parcel Number 134-13.20-121.01

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,814

Year Built

Built in 1900 | Remodeled in 1990

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Cottage, Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Inclusions: Furnished
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1900
  • Year Renovated: 1990
  • Automatically Close On Close Date: No
  • Remarks Public: Incredible rare opportunity to own 3 separate residences on an oceanblock property just steps to the beach. The main house offers 4 bedrooms, 4 full baths and the guest house has 2 apartments each with their own separate entrance. The lower level offers 1 bedroom, 1.5 baths, and the upper level has 2 bedrooms, 1 full bath. This unique setup allows for large families to gather at the beach while having their own spaces for rest and relaxation. The beautifully hardscaped courtyard oasis is surrounded by lush landscaping and is the perfect setting for crab feasts, yard games, and family fun. With a proven rental history, this is an excellent investment opportunity as you can rent all 3 homes or use one for yourself and rent the others. Situated just one block from boutique shops restaurants, and the heart of downtown Bethany, this is truly walking distance to everything.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Icemaker, Microwave, Oven/Range - Gas, Refrigerator, Washer, Water Heater
  • Flooring Type: Hardwood
  • Window Features: Screens
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 3000
  • Living Area Sq Ft: 3000
  • Price Per Sq Ft: 450.00
  • Above Grade Finished Sq Ft: 3000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 116

Beds/Baths

  • Bedrooms: 7
  • Main Level Bedrooms: 7
  • Total Bathrooms: 7
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Main Level Bathrooms: 7.00
  • Main Level Full Bathrooms: 6
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block, Vinyl Siding
  • Exterior Features: Bbq Grill, Extensive Hardscape, Exterior Lighting, Outside Shower, Underground Lawn Sprinkler
  • Road Surface Type: Paved
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Stone Driveway
  • Type Of Parking: Driveway, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s), Wall Unit
  • Electric Service: 220 Volts, Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric, Propane, Tankless
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Vinyl
  • Land Use Code: RS
  • Lot Features: Landscaping
  • Lot Size Acres: 0.11
  • Lot Dimensions: 40.00 x 125.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Outdoor Living Structures: Deck(s), Enclosed, Porch(es)
  • Year Assessed: 2019
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5109718
  • School Tax: 1158.00
  • Tax Annual Amount: 2814.00
  • Assessor Parcel Number: 134-13.20-121.01
  • Tax Lot: 18
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 03/25/2021

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2020
Closed on
Mar 25, 2021
Sold by
Gogol David U and White Gloria M
Bought by
Schurman William E and Miller Ashley E
Seller's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
Buyer's Agent
Megan Kinnahan
Berkshire Hathaway HomeServices PenFed Realty
List Price
$1,469,000
Sold Price
$1,275,000
Premium/Discount to List
-$194,000
-13.21%
Current Estimated Value
$1,887,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$612,558
Avg. Annual Appreciation
7.34%
Original Mortgage
$848,500
Interest Rate
2.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Aug 31, 2012
Closed on
Nov 28, 2012
Sold by
Warner Elaine K and Morris Elaine K
Bought by
Gogol David U and White Gloria M
Seller's Agent
KAY HERRMAN
CONNOR JACOBSEN REALTY INC
Buyer's Agent
JOETTA JACOBSEN
JOE MAGGIO REALTY
List Price
$1,000,000
Sold Price
$1,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.95%
Original Mortgage
$800,000
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 31, 2012
Closed on
Nov 13, 2012
Sold by
Warner Elaine K and Morris Elaine K
Bought by
Gogol David U and White Gloria M
Seller's Agent
KAY HERRMAN
CONNOR JACOBSEN REALTY INC
Buyer's Agent
JOETTA JACOBSEN
JOE MAGGIO REALTY
List Price
$1,000,000
Sold Price
$1,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Schurman William E $1,275,000 None Available
Gogol David U $1,000,000 --
Gogol David U $1,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schurmann William E $750,000
Closed Schurman William E $848,500
Previous Owner Gogol David U $800,000
Previous Owner Gogol David U $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2021 03/25/21 Sold $1,275,000 -5.6% $425 / Sq Ft
01/24/2021 01/24/21 Pending -- -- --
01/14/2021 01/14/21 Price Changed $1,350,000 -8.1% $450 / Sq Ft
01/13/2021 01/13/21 For Sale $1,469,000 0.0% $490 / Sq Ft
12/23/2020 12/23/20 Pending -- -- --
11/02/2020 11/02/20 Price Changed $1,469,000 -4.3% $490 / Sq Ft
09/10/2020 09/10/20 Price Changed $1,535,000 -3.2% $512 / Sq Ft
07/15/2020 07/15/20 Price Changed $1,585,000 -6.5% $528 / Sq Ft
05/30/2020 05/30/20 For Sale $1,695,000 +69.5% $565 / Sq Ft
11/16/2012 11/16/12 Sold $1,000,000 0.0% --
09/23/2012 09/23/12 Pending -- -- --
08/31/2012 08/31/12 For Sale $1,000,000 -- --
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 $1,451 $35,100 $12,000 $23,100
2023 $1,450 $35,100 $12,000 $23,100
2022 $1,426 $35,100 $12,000 $23,100
2021 $1,384 $35,100 $12,000 $23,100
2020 $1,320 $35,100 $12,000 $23,100
2019 $1,314 $35,100 $12,000 $23,100
2018 $1,327 $35,100 $0 $0
2017 $1,338 $35,100 $0 $0
2016 $1,179 $35,100 $0 $0
2015 $1,215 $35,100 $0 $0
2014 $1,197 $35,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU161746

Bright MLS

APN: 134-13.20-121.01