$590,000
SOLD MAY 31, 2016

201 Island House Rd Unit 201 Bethany Beach, DE 19930

3 Beds
2 Baths
1,175 Sq Ft
$647/mo HOA Fee

Recently Sold

$502 Per Sq Ft

11% Below List Price

160 Days on Market

Highlights

  • Ocean View
  • Beach
  • Fitness Center
  • Lord Baltimore Elementary School Rated A-
  • Water Access
  • Private Pool

About This Home

As of July 2022

Sea Colony's Finest! Fully Renovated Three Bedroom, 2 Bath Home Features Open Kitchen with Granite Counters, Stainless Appliances, Glass Tiled Backsplash and Under Cabinet Lighting. There is a Breakfast Bar for Two. The Dining Room Table and Chairs Seat 6 Comfortably and the Dining Room Features Custom Paint and Wainscoting. Both Bathrooms are Completely Remodeled and the Master Bath Features Double Sinks and Tiled Shower. Additional Upgrades Include New HVAC, Plantation Shutters, New Flooring, and New Furnishings. NO GROUND RENT-sold in fee!Owners and Guests Have Exclusive Access to a Half Mile of Private, Guarded Beach, 12 Swimming Pools (Two Indoor), 34 Indoor and Outdoor Tennis Courts, World-Class Tennis Facilities And Instructors, and Two Fitness Centers. Downtown Bethany Beach is Within Walking Distance and Includes Quaint Shops, Outstanding Restaurants, Convenience and Sundries Stores and Its Bandstand with Entertainment All Summer Long.

Last Agent to Sell the Property

Allison Stine

Northrop Realty License #RA-0031128 Listed on: 12/03/2015

Northrop Realty

Co-Listed By

Colleen Kellner

Northrop Realty

Last Buyer's Agent

MARIYA OLDFATHER GROUP

Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,280

Year Built

  • Built in 1980

HOA Fees

Home Design

  • Piling Construction
  • Masonry

Interior Spaces

  • 1,175 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Window Treatments
  • Living Room
  • Dining Room
  • Wood Flooring
  • Ocean Views
  • Stacked Washer and Dryer

Kitchen

  • Galley Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces Included
  • Assigned Parking

Outdoor Features

  • Private Pool
  • Water Access
  • Property is near an ocean
  • Lake Privileges
  • Balcony

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Landscaped
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-17.00-56.07-201

Community Details

Overview

  • Low-Rise Condominium
  • Sea Colony Island House Community
  • Sea Colony East Subdivision

Amenities

  • Sauna
  • Recreation Room
  • Elevator

Recreation

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

Security

  • Security Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,280

Year Built

Built in 1980

Lot Details

0

HOA Fees

$647 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1980
  • Remarks Public: Sea Colony's Finest! Fully Renovated Three Bedroom, 2 Bath Home Features Open Kitchen with Granite Counters, Stainless Appliances, Glass Tiled Backsplash and Under Cabinet Lighting. There is a Breakfast Bar for Two. The Dining Room Table and Chairs Seat 6 Comfortably and the Dining Room Features Custom Paint and Wainscoting. Both Bathrooms are Completely Remodeled and the Master Bath Features Double Sinks and Tiled Shower. Additional Upgrades Include New HVAC, Plantation Shutters, New Flooring, and New Furnishings. NO GROUND RENT-sold in fee!Owners and Guests Have Exclusive Access to a Half Mile of Private, Guarded Beach, 12 Swimming Pools (Two Indoor), 34 Indoor and Outdoor Tennis Courts, World-Class Tennis Facilities And Instructors, and Two Fitness Centers. Downtown Bethany Beach is Within Walking Distance and Includes Quaint Shops, Outstanding Restaurants, Convenience and Sundries Stores and Its Bandstand with Entertainment All Summer Long.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 2
  • Flooring Type: Hardwood
  • Interior Amenities: Breakfast Area, Kitchen - Galley, Window Treatments
  • Fireplace: No
  • Foundation Details: Pilings
  • Floors In Unit Count: 1
  • Level Count: 1
  • Levels Count: 1
  • Room Count: 5
  • Room List: Living Room, Dining Room, Primary Bedroom, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1175
  • Living Area Sq Ft: 1175
  • Net Sq Ft: 1175.00
  • Price Per Sq Ft: 531.83
  • Above Grade Finished Sq Ft: 1175
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 201

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Concrete
  • Construction Completed: Yes
  • Roof: Unknown
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal, Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Assigned
  • Number Of Parking Spaces Included: 2-Car Parking

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Heat Pump(s)
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 270.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 2380.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 5388.00
  • HOA Condo Co-Op Amenities: Basketball Courts, Beach, Cable, Elevator, Fitness Center, Hot Tub, Jog/Walk Path, Reserved/Assigned Parking, Tot Lots/Playground, Swimming Pool, Pool - Outdoor, Recreational Center, Sauna, Security, Tennis - Indoor, Tennis Courts, Water/Lake Privileges
  • HOA: Yes
  • Association Recreation Fee: Yes
  • Community Pool Features: Indoor

Schools

  • School District: INDIAN RIVER
  • School District Key: 300200396898

Lot Info

  • Lot Features: Landscaping
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony
  • Zoning Description: HIGH DENSITY RESIDENTIAL

Building Info

  • Building Features: Elevator, Guard System

Rental Info

  • Furnished: Yes
  • Ground Rent Pymnt Freq: Annually
  • Total Actual Rent: 44625.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5116304
  • Assessor Parcel Number: 134-17.00-56.07-201
  • County Tax Payment Frequency: Annually
  • Close Date: 05/31/2016

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2022
Closed on
Jul 6, 2022
Sold by
G & S Rentals Llc
Bought by
Lea Weber Ridenhour Trust
Seller's Agent
SARAH FRENCH
Long & Foster Real Estate, Inc.
Buyer's Agent
Dustin Oldfather
Compass
List Price
$1,100,000
Sold Price
$1,120,000
Premium/Discount to List
$20,000
1.82%
Current Estimated Value
$785,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$334,667
Avg. Annual Appreciation
-9.72%

Purchase Details

Listed on
Dec 10, 2012
Closed on
Apr 19, 2013
Sold by
Freeman Foundation Charitable Lead Annui
Bought by
Holbrook John W and Holbrook Janine
Seller's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
Buyer's Agent
Allison Stine
Northrop Realty
List Price
$535,000
Sold Price
$535,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.32%
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $1,120,000 None Listed On Document
Deed $25,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $840,000 New Conventional
Previous Owner $1,223,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2022 07/12/22 Sold $1,120,000 +1.8% $953 / Sq Ft
06/02/2022 06/02/22 Pending -- -- --
05/28/2022 05/28/22 For Sale $1,100,000 +86.4% $936 / Sq Ft
05/31/2016 05/31/16 Sold $590,000 -10.6% $502 / Sq Ft
05/11/2016 05/11/16 Pending -- -- --
12/03/2015 12/03/15 For Sale $659,900 +23.3% $562 / Sq Ft
04/19/2013 04/19/13 Sold $535,000 0.0% $455 / Sq Ft
03/23/2013 03/23/13 Pending -- -- --
12/10/2012 12/10/12 For Sale $535,000 -- $455 / 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 $1,280 $30,150 $0 $30,150
2023 $1,278 $30,150 $0 $30,150
2022 $1,258 $30,150 $0 $30,150
2021 $1,220 $30,150 $0 $30,150
2020 $1,152 $30,150 $0 $30,150
2019 $1,159 $30,150 $0 $30,150
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

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Map

Source: Bright MLS

MLS Number: 1001012326

Bright MLS

APN: 134-17.00-56.07-201