NOT LISTED FOR SALE

205 Georgetowne House Rd Bethany Beach, DE 19930

Estimated Value: $637,787 - $1,128,000

3 Beds
2 Baths
1,060 Sq Ft
$667/mo HOA Fee

Last Sold July 17, 2020

Last sale price $639,000 $603 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $6,171/month

147 Days on Market

Highlights

  • Ocean Front
  • Primary bedroom faces the ocean
  • Riding Ring
  • Lord Baltimore Elementary School Rated A-
  • Beach
  • Fitness Center

About This Home

As of July 2020

Oceanfront Splendor From the moment that you step through the front door, you will see that this light-filled and airy home is gifted with an exceptional and direct ocean view. The second floor location offers the convenience of being only one floor from the Pristine private Sea Colony beach access and the adult/kids pool. No need to wait for an elevator! In addition, the lower floor height and almost at the dune line location, gives you the sense of living in an oceanfront home. With three bedrooms and two full baths, this inviting and pleasant home features a completely renovated open kitchen with corion counter tops, updated white cabinetry and updated appliances. Both the master and guest baths are completely remodeled from top to bottom with very nice finishes. Being offered fully furnished, ready to enjoy and with 2020 rental income already in place.

Last Agent to Sell the Property

Anna Meiklejohn

Long & Foster Real Estate, Inc. License #RS-0024096 Listed on: 01/21/2020

Long & Foster Real Estate, Inc.

Co-Listed By

Tammy Hadder

Long & Foster Real Estate, Inc. License #RA-0020481

Last Buyer's Agent

Suzanne Macnab

RE/MAX Coastal License #RS-0012856

RE/MAX Coastal

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,234

Year Built

  • Built in 1978

Lot Details

  • Ocean Front
  • Land Lease of $2,000 per year expires in 57 years
  • Ground Rent expires in 57 years

HOA Fees

  • $667 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Metal Roof
  • Composite Building Materials

Interior Spaces

  • 1,060 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Dining Area
  • Ocean Views

Kitchen

  • Electric Oven or Range
  • Cooktop
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary bedroom faces the ocean
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Electric Dryer
  • Washer

Parking

  • Parking Lot
  • 1 Assigned Parking Space

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Level Entry For Accessibility
  • Storage Shed
  • Flood Risk
  • Riding Ring

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-17.00-56.05-205

Community Details

Overview

  • $2,472 Recreation Fee
  • $2,000 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn maintenance, management, pool(s), recreation facility, reserve funds, road maintenance, snow removal, trash, water
  • High-Rise Condominium
  • Georgetowne House Condos
  • Sea Colony Georgetown Community
  • Sea Colony East Subdivision
  • Property Manager

Amenities

  • Common Area
  • Sauna

Recreation

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

Pet Policy

  • Dogs and Cats Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,234

Year Built

Built in 1978

Lot Details

0

HOA Fees

$667 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Level Entry - Main
  • Ownership: Land Lease
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1978
  • Remarks Public: Oceanfront Splendor From the moment that you step through the front door, you will see that this light-filled and airy home is gifted with an exceptional and direct ocean view. The second floor location offers the convenience of being only one floor from the Pristine private Sea Colony beach access and the adult/kids pool. No need to wait for an elevator! In addition, the lower floor height and almost at the dune line location, gives you the sense of living in an oceanfront home. With three bedrooms and two full baths, this inviting and pleasant home features a completely renovated open kitchen with corion counter tops, updated white cabinetry and updated appliances. Both the master and guest baths are completely remodeled from top to bottom with very nice finishes. Being offered fully furnished, ready to enjoy and with 2020 rental income already in place.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Cooktop, Exhaust Fan, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 2
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Carpet, Ceiling Fan(s), Dining Area, Entry Level Bedroom, Floor Plan - Open, Primary Bath(s), Primary Bedroom - Ocean Front, Tub Shower, Upgraded Countertops, Window Treatments
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1060
  • Living Area Sq Ft: 1060
  • Price Per Sq Ft: 602.83
  • Above Grade Finished Sq Ft: 1060
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 205

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • 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: Riding Ring, Storage Barn/Shed
  • Construction Materials: Composition, Concrete
  • Roof: Metal
  • View: Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Parking Lot

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
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Phone, Water Available, Sewer Available
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2000.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Georgetowne House
  • HOA Condo Co-Op Amenities: Basketball Courts, Beach, Cable, Common Grounds, Exercise Room, Fitness Center, Pool - Indoor, Pool - Outdoor, Sauna, Security, Swimming Pool, Tennis - Indoor, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Management, Pool(s), Recreation Facility, Reserve Funds, Road Maintenance, Snow Removal, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: 2472.00
  • Association Recreation Fee: Yes

Fee Information

  • Capital Contribution Fee: 2000.00

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 32950.00
  • Land Lease Amount: 2000.00
  • Land Lease Amt Freq: Annually
  • Land Lease Years Remaining: 57
  • Land Use Code: RC
  • Lot Size Acres: 3.01
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 131116.00
  • Year Assessed: 2019
  • Zoning: AR-1
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: Yes
  • Ground Rent Years Remaining: 57
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 23544.00
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5116088
  • School Tax: 1087.00
  • Tax Annual Amount: 1234.00
  • Assessor Parcel Number: 134-17.00-56.05-205
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2019
  • Close Date: 07/17/2020

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2020
Closed on
Jul 17, 2020
Sold by
Angela L Breuer Ret
Bought by
Rassin Jamie J
Seller's Agent
Anna Meiklejohn
Long & Foster Real Estate, Inc.
Buyer's Agent
Suzanne Macnab
RE/MAX Coastal
List Price
$639,000
Sold Price
$639,000
Total Days on Market
147
Current Estimated Value
$959,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320,197
Avg. Annual Appreciation
8.68%
Original Mortgage
$479,250
Outstanding Balance
$429,674
Interest Rate
3.1%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$529,523
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
Rassin Jamie J $639,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rassin Jamie J $479,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2020 07/17/20 Sold $639,000 0.0% $603 / Sq Ft
06/16/2020 06/16/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $639,000 -- $603 / 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 $1,424 $32,950 $0 $32,950
2023 $1,423 $32,950 $0 $32,950
2022 $1,400 $32,950 $0 $32,950
2021 $1,358 $32,950 $0 $32,950
2020 $1,296 $32,950 $0 $32,950
2019 $1,290 $32,950 $0 $32,950
2018 $1,303 $34,450 $0 $0
2017 $1,313 $34,450 $0 $0
2016 $1,157 $34,450 $0 $0
2015 $1,193 $34,450 $0 $0
2014 $1,175 $34,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Anna Meiklejohn

    Seller's Agent in 2020

    Anna Meiklejohn

    Long & Foster

    (302) 420-8597

    61 in this area

    89 Total Sales

    Anna Meiklejohn
    Section Image
  • Tammy Hadder

    Seller Co-Listing Agent in 2020

    Tammy Hadder

    Long & Foster

    (302) 249-2470

    51 in this area

    69 Total Sales

    Tammy Hadder
    Section Image
  • Suzanne Macnab

    Buyer's Agent in 2020

    Suzanne Macnab

    RE/MAX

    (302) 228-1251

    66 in this area

    295 Total Sales

    Suzanne Macnab
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See All Agents

Map

Source: Bright MLS

MLS Number: DESU153822

Bright MLS

APN: 134-17.00-56.05-205

Delaware Sussex County Bethany Beach 19930

205 Georgetowne House Rd, Bethany Beach, DE

This home is located at 205 Georgetowne House Rd, Bethany Beach, DE 19930 since 21 January 2020 and is currently estimated at $959,197, approximately $904 per square foot. This property was built in 1978. 205 Georgetowne House Rd 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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