NOT LISTED FOR SALE

205 N Edgewater House Bldg Bethany Beach, DE 19930

Estimated Value: $1,054,000 - $1,522,820

3 Beds
2 Baths
1,265 Sq Ft
$863/mo HOA Fee

Last Sold August 08, 2022

Last sale price $1,365,000 $1,079 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $8,270/month

16 Days on Market

Highlights

  • Ocean Front
  • Beach
  • Sandy Beach
  • Lord Baltimore Elementary School Rated A-
  • Water Access
  • Fitness Center

About This Home

As of August 2022

3 bdrm oceanfront beauty located in the premiere Edgewater Bldg of Sea Colony (indoor pool, hot tub, and fitness center located in this bldg.). Remodeled and ready to go for the summer of 2022 - either as a personal beach retreat (no booked rentals) or as a rental investment - choice is yours. New hvac, hwh, washer and dryer are just a few of the many upgrades featured throughout.

Perfectly located - steps to the private beach (you have the option to skip the elevator) yet close enough to the beach level to see and hear the tranquil sounds of the roaring waves. You will never want to leave the oversized balcony featuring several sitting and dining areas overlooking the majestic Atlantic Ocean. A special oasis that will wow you from the moment you enter!

Last Agent to Sell the Property

JENNIFER SMITH

Keller Williams Realty License #RS-0024095 Listed on: 06/10/2022

Keller Williams Realty

Last Buyer's Agent

Amy Hamer Czyzia

Iron Valley Real Estate at The Beach License #RS-0019563

Iron Valley Real Estate at The Beach

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,082

Year Built

  • Built in 1974

Lot Details

  • Ocean Front
  • Home fronts navigable water
  • Sandy Beach
  • Ground Rent

HOA Fees

Parking

  • Parking Lot

Home Design

  • Coastal Architecture
  • Stone Siding

Interior Spaces

  • 1,265 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Electric Fireplace
  • Ocean Views
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Lake Privileges

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 134-17.00-56.03-205N

Community Details

Overview

  • $4,000 Capital Contribution Fee
  • Association fees include cable TV, common area maintenance, high speed internet, management, pool(s), sauna, snow removal, trash, water
  • $167 Other Monthly Fees
  • High-Rise Condominium
  • Sea Colony Edgewater Community
  • Sea Colony East Subdivision

Recreation

  • Beach
  • Tennis Courts
  • Indoor Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Indoor Pool
  • Community Spa

Pet Policy

  • Limit on the number of pets

Additional Features

  • Sauna
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,082

Year Built

Built in 1974

Lot Details

0

HOA Fees

$863 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1974
  • Automatically Close On Close Date: No
  • Remarks Public: 3 bdrm oceanfront beauty located in the premiere Edgewater Bldg of Sea Colony (indoor pool, hot tub, and fitness center located in this bldg.). Remodeled and ready to go for the summer of 2022 - either as a personal beach retreat (no booked rentals) or as a rental investment - choice is yours. New hvac, hwh, washer and dryer are just a few of the many upgrades featured throughout. Perfectly located - steps to the private beach (you have the option to skip the elevator) yet close enough to the beach level to see and hear the tranquil sounds of the roaring waves. You will never want to leave the oversized balcony featuring several sitting and dining areas overlooking the majestic Atlantic Ocean. A special oasis that will wow you from the moment you enter!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 2
  • Fireplace Features: Electric
  • Fireplace: Yes
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1265
  • Living Area Sq Ft: 1265
  • Price Per Sq Ft: 1079.05
  • Above Grade Finished Sq Ft: 1265
  • 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
  • Construction Materials: Stone
  • 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
  • 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
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 2672.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 7680.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Beach, Elevator, Fitness Center, Hot Tub, Pool - Indoor, Pool - Outdoor, Sauna, Security, Tennis - Indoor, Tennis Courts, Tot Lots/Playground, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Cable Tv, Common Area Maintenance, High Speed Internet, Management, Pool(s), Sauna, Snow Removal, Trash, Water
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Other Fees: 2000.00
  • Other Fees Frequency: Annually
  • Capital Contribution Fee: 4000.00

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2021
  • Zoning: AR-1
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: Yes
  • Pets: Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5115840
  • School Tax: 960.00
  • Tax Annual Amount: 1082.00
  • Assessor Parcel Number: 134-17.00-56.03-205N
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 08/08/2022

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
Jun 10, 2022
Closed on
Aug 8, 2022
Sold by
Flanagan Patrick M and Flanagan Katherine L
Bought by
Hackam David Joel and Hackam Lisa Ann
Seller's Agent
JENNIFER SMITH
Keller Williams Realty
Buyer's Agent
Amy Hamer Czyzia
Iron Valley Real Estate at The Beach
List Price
$1,365,000
Sold Price
$1,365,000
Total Days on Market
16
Current Estimated Value
$1,301,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$63,545
Avg. Annual Appreciation
-0.97%
Original Mortgage
$1,092,000
Outstanding Balance
$1,043,206
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$284,857

Purchase Details

Closed on
Jun 10, 1997
Bought by
Flanagan Patrick M and Flanagan Katherine L
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
Hackam David Joel $1,365,000 Tunnell & Raysor Pa
Flanagan Patrick M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hackman David Joel $1,092,000
Closed Hackam David Joel $1,092,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2022 08/08/22 Sold $1,365,000 0.0% $1,079 / Sq Ft
06/26/2022 06/26/22 Pending -- -- --
06/10/2022 06/10/22 For Sale $1,365,000 -- $1,079 / 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 $1,214 $27,450 $0 $27,450
2023 $1,212 $27,450 $0 $27,450
2022 $1,193 $27,450 $0 $27,450
2021 $1,157 $27,450 $0 $27,450
2020 $1,104 $27,450 $0 $27,450
2019 $1,099 $27,450 $0 $27,450
2018 $1,110 $29,350 $0 $0
2017 $1,119 $29,350 $0 $0
2016 $986 $29,350 $0 $0
2015 $1,016 $29,350 $0 $0
2014 $1,001 $29,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2023462

Bright MLS

APN: 134-17.00-56.03-205N