NOT LISTED FOR SALE

1502 S Edgewater House Rd Unit PH02S Bethany Beach, DE 19930

Estimated Value: $1,132,000 - $1,397,000

2 Beds
2 Baths
1,265 Sq Ft
$718/mo HOA Fee

Last Sold May 08, 2024

Last sale price $1,325,000 $1,047 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $8,080/month

3 Days on Market

Highlights

  • Ocean Front
  • Primary bedroom faces the ocean
  • Water Access
  • Lord Baltimore Elementary School Rated A-
  • Beach
  • Sandy Beach

About This Home

As of May 2024

1502 SE Spectacular Oceanfront Penthouse at Sea ColonyWelcome to your beachfront oasis! This stunning penthouse offers the largest two-bedroom floor plan in Sea Colony oceanfront, boasting breathtaking and expansive ocean views.Upon entering, you'll notice the tile flooring throughout the entry, kitchen, living room, and dining area, creating a seamless and elegant space. The open kitchen features white cabinetry and appliances, providing a bright and airy atmosphere.The home was freshly painted throughout and the living room and master bedroom are set to have new blinds installed, enhancing the already picturesque ocean views. The master bedroom, located on the oceanfront, offers direct access to the balcony through a bedroom slider, allowing you to wake up to the soothing sounds of the ocean. The second bedroom is spacious and comfortable, perfect for guests or family. Call today to view this rare opportunity!

Last Agent to Sell the Property

Tammy Hadder

Long & Foster Real Estate, Inc. License #RA-0020481 Listed on: 04/09/2024

Long & Foster Real Estate, Inc.

Co-Listed By

Anna Meiklejohn

Long & Foster Real Estate, Inc. License #RS-0024096

Last Buyer's Agent

JENNIFER SMITH

Keller Williams Realty License #RS-0024095

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,274

Year Built

  • Built in 1975

Lot Details

  • Ocean Front
  • Sandy Beach
  • West Facing Home
  • Ground Rent expires in 50 years
  • Property is in excellent condition

HOA Fees

  • $718 Monthly HOA Fees

Home Design

  • Penthouse
  • Masonry

Interior Spaces

  • 1,265 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room
  • Ocean Views
  • Security Gate

Kitchen

  • Electric Oven or Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary bedroom faces the ocean
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Electric Dryer
  • Washer

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Lake Privileges
  • Balcony
  • Storage Shed

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 134-17.00-56.03-PH02S

Community Details

Overview

  • $3,044 Recreation Fee
  • $6,000 Capital Contribution Fee
  • Association fees include cable TV, common area maintenance, exterior building maintenance, health club, high speed internet, insurance, lawn maintenance, management, recreation facility, reserve funds, sauna, security gate, trash, water
  • 4 Elevators
  • High-Rise Condominium
  • Edgewater House Condos
  • Sea Colony Edgewater Community
  • Sea Colony East Subdivision
  • Property Manager

Amenities

  • Common Area
  • Sauna
  • Recreation Room
  • Community Storage Space

Recreation

  • Beach
  • Tennis Courts
  • Indoor Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Indoor Pool
  • Lap or Exercise Community Pool
  • Jogging Path

Pet Policy

  • Dogs and Cats Allowed

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Gated Community
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,274

Year Built

Built in 1975

Lot Details

0

HOA Fees

$718 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Inclusions: Home being sold fully furnished
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-04-10
  • Federal Flood Zone: Yes
  • Year Built: 1975
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: 1502 SE Spectacular Oceanfront Penthouse at Sea Colony Welcome to your beachfront oasis! This stunning penthouse offers the largest two-bedroom floor plan in Sea Colony oceanfront, boasting breathtaking and expansive ocean views. Upon entering, you'll notice the tile flooring throughout the entry, kitchen, living room, and dining area, creating a seamless and elegant space. The open kitchen features white cabinetry and appliances, providing a bright and airy atmosphere. The home was freshly painted throughout and the living room and master bedroom are set to have new blinds installed, enhancing the already picturesque ocean views. The master bedroom, located on the oceanfront, offers direct access to the balcony through a bedroom slider, allowing you to wake up to the soothing sounds of the ocean. The second bedroom is spacious and comfortable, perfect for guests or family. Call today to view this rare opportunity!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Stove, Washer, Water Heater
  • Entry Floor: 15
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Combination Dining/Living, Entry Level Bedroom, Floor Plan - Open, Primary Bedroom - Ocean Front, Sprinkler System, Window Treatments, Walk-In Closet(s), Ceiling Fan(s)
  • Elevators Count: 4
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1265
  • Living Area Sq Ft: 1265
  • Price Per Sq Ft: 1066.40
  • Above Grade Finished Sq Ft: 1265
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1502

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Masonry
  • Spa: No
  • View: Ocean
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes
  • Water Frontage In Feet: 1

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 1

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: 24 Hour Security, Fire Detection System, Security Gate, Resident Manager, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Water Source: Private/Community Water

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2153.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Edgewater House
  • HOA Condo Co-Op Amenities: Basketball Courts, Beach, Cable, Common Grounds, Exercise Room, Extra Storage, Fitness Center, Gated Community, Jog/Walk Path, Pool - Indoor, Pool - Outdoor, Recreational Center, Reserved/Assigned Parking, Sauna, Security, Swimming Pool, Tennis - Indoor, Tennis Courts, Tot Lots/Playground, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Cable Tv, Common Area Maintenance, Ext Bldg Maint, Health Club, High Speed Internet, Insurance, Lawn Maintenance, Management, Recreation Facility, Reserve Funds, Sauna, Security Gate, Trash, Water
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: 3044.00
  • Association Recreation Fee: Yes
  • Community Pool Features: Concrete, In Ground, Lap/Exercise, Indoor

Fee Information

  • Capital Contribution Fee: 6000.00

Schools

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

Lot Info

  • Horses: No
  • Land Use Code: 999
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: AR-1
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: Yes
  • Ground Rent Years Remaining: 50
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 30000.00
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • School Tax: 1137.00
  • Tax Annual Amount: 1274.00
  • Assessor Parcel Number: 134-17.00-56.03-PH02S
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 05/08/2024

Multi Family

  • Income Expense List: Annual Ground Rent
  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2024
Closed on
May 8, 2024
Sold by
1502S Edgewater Llc
Bought by
Steven Christopher Smith Revocable Trust and Smith
Seller's Agent
Tammy Hadder
Long & Foster Real Estate, Inc.
Buyer's Agent
JENNIFER SMITH
Keller Williams Realty
List Price
$1,349,000
Sold Price
$1,325,000
Premium/Discount to List
-$24,000
-1.78%
Total Days on Market
3
Views
21
Current Estimated Value
$1,292,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,301
Avg. Annual Appreciation
-2.26%

Purchase Details

Closed on
Nov 19, 2020
Sold by
Fruin Stephen F
Bought by
1502S Edgewater Llc

Purchase Details

Closed on
Feb 13, 2002
Bought by
Fruin Stephen F
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
Steven Christopher Smith Revocable Trust $1,325,000 None Listed On Document
1502S Edgewater Llc -- None Available
Fruin Stephen F $345,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2024 05/08/24 Sold $1,325,000 -1.8% $1,047 / Sq Ft
04/12/2024 04/12/24 Pending -- -- --
04/09/2024 04/09/24 For Sale $1,349,000 -- $1,066 / 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
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

  • Tammy Hadder

    Seller's Agent in 2024

    Tammy Hadder

    Long & Foster

    (302) 249-2470

    51 in this area

    69 Total Sales

    Tammy Hadder
    Section Image
  • Anna Meiklejohn

    Seller Co-Listing Agent in 2024

    Anna Meiklejohn

    Long & Foster

    (302) 420-8597

    61 in this area

    89 Total Sales

    Anna Meiklejohn
    Section Image

  • J

    Buyer's Agent in 2024

    JENNIFER SMITH

    Keller Williams Realty

    (302) 245-7581

    86 in this area

    120 Total Sales

    JENNIFER SMITH
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2059468

Bright MLS

APN: 134-17.00-56.03-PH02S

Delaware Sussex County Bethany Beach 19930

1502 S Edgewater House Rd Unit PH02S, Bethany Beach, DE

This home is located at 1502 S Edgewater House Rd Unit PH02S, Bethany Beach, DE 19930 since 09 April 2024 and is currently estimated at $1,292,699, approximately $1,021 per square foot. This property was built in 1975. 1502 S Edgewater House Rd Unit PH02S 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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