1501 N Edgewater House Rd Unit PH01N Bethany Beach, DE 19930
Estimated Value: $884,000 - $1,387,712
2
Beds
2
Baths
1,265
Sq Ft
$656/mo
HOA Fee
Highlights
- 200 Feet of Waterfront
- Primary bedroom faces the ocean
- Private Beach
- Lord Baltimore Elementary School Rated A-
- Beach
- Private Water Access
About This Home
As of March 2024Welcome to your ultimate getaway by the sea! This stunning 2 bed, 2 bath penthouse condo (owned in fee, saving $2,000 a year!) boasts breathtaking ocean views and is in the premier family beach and tennis community of Sea Colony, offering the utmost in world class tennis, fitness and family friendly amenities. This top floor seaside condominium offers spacious, single-level resort living with a recently renovated (2018) kitchen including new cabinets, countertops and stainless-steel appliances. The open concept dining and living area with fireplace also received new flooring with the kitchen in 2018. The expansive balcony is off of the living room and overlooks the sparkling ocean with stunning views and refreshing sea breezes any time of day. The master bedroom is a true oasis featuring a king-size bed with ocean front views and private balcony access accompanied by an en-suite bathroom. The second bedroom is equally as spacious and features twin beds with plenty of closet space and access to the hallway bathroom. Both bedrooms are designed with comfort in mind and are perfect for a restful night's sleep after a day of adventure and fun. The amenities in this magnificent penthouse include a half mile of private beach, world class tennis, 12 heated pools (2 indoors), fitness center (in building), community shuttle, year-round security and activities for all ages. This unit also includes a private covered parking space located under the building & conveniently close to the elevator. Sea Colony is ranked among Tennis Magazine's Best U.S. Resorts and by Tennis Resorts Online as one of the finest in the world. Don't miss your chance to experience the ultimate in luxury resort living- book your showing today!
Last Agent to Sell the Property
Coldwell Banker Realty License #RS353481 Listed on: 01/26/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,274
Year Built
- Built in 1975 | Remodeled in 2018
Lot Details
- 200 Feet of Waterfront
- Home fronts navigable water
- Private Beach
HOA Fees
- $656 Monthly HOA Fees
Home Design
- Penthouse
- Masonry
Interior Spaces
- 1,265 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Bar
- Ceiling Fan
- Wood Burning Fireplace
- Family Room Off Kitchen
- Combination Dining and Living Room
Kitchen
- Electric Oven or Range
- Built-In Range
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Primary bedroom faces the ocean
- 2 Full Bathrooms
- Walk-in Shower
Laundry
- Laundry in unit
- Washer and Dryer Hookup
Parking
- Parking Lot
- Assigned Parking
Outdoor Features
- Private Water Access
- Property is near an ocean
- Balcony
- Outdoor Storage
Utilities
- Forced Air Heating and Cooling System
- Private Water Source
- Electric Water Heater
Additional Features
- Accessible Elevator Installed
- Flood Risk
Listing and Financial Details
- Assessor Parcel Number 134-17.00-56.03-PH01N
Community Details
Overview
- $4,000 Capital Contribution Fee
- Association fees include exterior building maintenance, common area maintenance, recreation facility, pool(s), trash
- High-Rise Condominium
- Edgewater House Condo Association Condos
- Sea Colony Edgewater Community
- Sea Colony East Subdivision
- Property Manager
Amenities
- Sauna
- Convenience Store
Recreation
- Beach
- Tennis Courts
- Community Basketball Court
- Community Playground
- Fitness Center
- Community Indoor Pool
Pet Policy
- Dogs and Cats Allowed
Security
- Security Service
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 26, 2024
Closed on
Mar 8, 2024
Sold by
Kir-Associates-Bethany Llc
Bought by
Murali Aarthi
Seller's Agent
Mattie Yacka
Coldwell Banker Realty
Buyer's Agent
Sarah Schifano
Long & Foster Real Estate, Inc.
List Price
$1,395,000
Sold Price
$1,335,000
Premium/Discount to List
-$60,000
-4.3%
Total Days on Market
11
Views
29
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
-$90,322
Avg. Annual Appreciation
-5.49%
Original Mortgage
$999,000
Outstanding Balance
$987,166
Interest Rate
6.63%
Mortgage Type
Construction
Estimated Equity
$257,512
Purchase Details
Closed on
Mar 13, 1998
Bought by
Kir Investments A Partnership
Similar Homes in Bethany Beach, DE
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Murali Aarthi | $1,335,000 | None Listed On Document | |
| Kir Investments A Partnership | $150,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Murali Aarthi | $999,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/08/2024 03/08/24 | Sold | $1,335,000 | -4.3% | $1,055 / Sq Ft |
| 02/06/2024 02/06/24 | Pending | -- | -- | -- |
| 01/26/2024 01/26/24 | For Sale | $1,395,000 | -- | $1,103 / 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 |
|---|---|---|---|---|
| 2024 | $1,276 | $28,950 | $0 | $28,950 |
| 2023 | $1,274 | $28,950 | $0 | $28,950 |
| 2022 | $1,254 | $28,950 | $0 | $28,950 |
| 2021 | $1,216 | $28,950 | $0 | $28,950 |
| 2020 | $1,160 | $28,950 | $0 | $28,950 |
| 2019 | $1,155 | $28,950 | $0 | $28,950 |
| 2018 | $1,166 | $30,850 | $0 | $0 |
| 2017 | $1,176 | $30,850 | $0 | $0 |
| 2016 | $1,036 | $30,850 | $0 | $0 |
| 2015 | $1,068 | $30,850 | $0 | $0 |
| 2014 | $1,052 | $30,850 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Mattie Yacka
Seller's Agent in 2024
Mattie Yacka
Coldwell Banker Realty
(610) 496-6216
1 in this area
86 Total Sales
-
April Pancoast
Seller Co-Listing Agent in 2024
April Pancoast
Coldwell Banker Realty
(814) 631-3423
1 in this area
93 Total Sales
-
Sarah Schifano
Buyer's Agent in 2024
Sarah Schifano
Long & Foster
(302) 858-3945
48 in this area
148 Total Sales
Map
Source: Bright MLS
MLS Number: DESU2054976
APN: 134-17.00-56.03-PH01N
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