NOT LISTED FOR SALE

209 Island House Rd Unit 209 Bethany Beach, DE 19930

Estimated Value: $920,000 - $1,216,000

3 Beds
2 Baths
1,060 Sq Ft
$920/mo HOA Fee

Last Sold April 26, 2024

Last sale price $920,000 $868 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $6,413/month

128 Days on Market

Highlights

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

About This Home

As of April 2024

Ocean front, furnished and awaiting a new owner, this 2nd floor Sea Colony flat is calling! It's time for you to enjoy this lovingly maintained condo that has never been rented! Enjoy beautiful sunrises rising over the ocean as you sip your coffee on your oceanfront balcony. Or enjoy a lazy morning gazing out at the ocean through your main bedroom suite window. The open floor plan with upgraded luxury vinyl plank flooring allows flexibility with your furniture placement. Some of the many upgrades include updated baths with tile floors, granite counters and stall showers featuring multi shower heads and glass doors. The kitchen been updated with tile floors and granite counters, as well as newer appliances. The water heater and heat pump have been replaced within the last few years. Earn extra income during the times you yourself are not enjoying your new beach home by enjoying rental income. Sea colony offers so many desirable amenities including indoor and outdoor pools, indoor and outdoor tennis, fitness center, tot lot, and so much more. If you are looking for a relaxing and enjoyable lifestyle, here it is!

Last Agent to Sell the Property

Lisa Mathena

The Lisa Mathena Group, Inc. Listed on: 11/18/2023

Last Buyer's Agent

Allison Stine

Northrop Realty License #RA-0031128

Northrop Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,382

Year Built

  • Built in 1980

Lot Details

  • Ocean Front
  • Ground Rent

HOA Fees

Interior Spaces

  • 1,060 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Great Room
  • Dining Room
  • Carpet

Kitchen

  • Galley Kitchen
  • Electric Oven or Range
  • Range Hood
  • Dishwasher
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary bedroom faces the ocean
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Parking

  • Lighted Parking
  • Parking Lot
  • 1 Assigned Parking Space

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 134-17.00-56.07-209

Community Details

Overview

  • $6,000 Capital Contribution Fee
  • Association fees include all ground fee, common area maintenance, exterior building maintenance, lawn maintenance, management, pool(s), reserve funds, road maintenance, snow removal, trash
  • Vacasa HOA
  • Mid-Rise Condominium
  • Sea Colony Island House Community
  • Sea Colony East Subdivision

Amenities

  • Common Area
  • Community Center
  • Elevator

Recreation

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

Pet Policy

  • Pets allowed on a case-by-case basis

Security

  • Security Service
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,382

Year Built

Built in 1980

Lot Details

0

HOA Fees

$920 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Inclusions: All appliances and furnishings
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1980
  • Automatically Close On Close Date: No
  • Remarks Public: Ocean front, furnished and awaiting a new owner, this 2nd floor Sea Colony flat is calling! It's time for you to enjoy this lovingly maintained condo that has never been rented! Enjoy beautiful sunrises rising over the ocean as you sip your coffee on your oceanfront balcony. Or enjoy a lazy morning gazing out at the ocean through your main bedroom suite window. The open floor plan with upgraded luxury vinyl plank flooring allows flexibility with your furniture placement. Some of the many upgrades include updated baths with tile floors, granite counters and stall showers featuring multi shower heads and glass doors. The kitchen been updated with tile floors and granite counters, as well as newer appliances. The water heater and heat pump have been replaced within the last few years. Earn extra income during the times you yourself are not enjoying your new beach home by enjoying rental income. Sea colony offers so many desirable amenities including indoor and outdoor pools, indoor and outdoor tennis, fitness center, tot lot, and so much more. If you are looking for a relaxing and enjoyable lifestyle, here it is!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Oven/Range - Electric, Range Hood, Refrigerator, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 2
  • Interior Amenities: Carpet, Floor Plan - Open, Kitchen - Galley, Primary Bath(s), Primary Bedroom - Ocean Front, Stall Shower, Upgraded Countertops
  • Fireplace: No
  • Levels Count: 1
  • Room Count: 6
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Great Room, Bathroom 2, Primary Bathroom
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1060
  • Living Area Sq Ft: 1060
  • Price Per Sq Ft: 919.72
  • Above Grade Finished Sq Ft: 1060
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 209

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: Concrete
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Asphalt Driveway, Assigned, Lighted Parking
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s)
  • 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: 725.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2579.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Beach, Basketball Courts, Common Grounds, Community Center, Elevator, Fitness Center, Gated Community, Hot Tub, Jog/Walk Path, Pool - Outdoor, Pool - Indoor, Volleyball Courts, Tot Lots/Playground, Tennis Courts, Tennis - Indoor, Swimming Pool, Security, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: All Ground Fee, Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Management, Pool(s), Reserve Funds, Road Maintenance, Snow Removal, Trash
  • HOA Name: VACASA
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: In Ground, Indoor

Fee Information

  • Capital Contribution Fee: 6000.00

Schools

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

Lot Info

  • Land Use Code: 999
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2023
  • Zoning: AR-1
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: Yes
  • Lease Considered: No
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • School Tax: 1233.00
  • Tax Annual Amount: 1382.00
  • Assessor Parcel Number: 134-17.00-56.07-209
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 04/26/2024

Multi Family

  • Federal Flood Zone: AO
  • 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
Nov 18, 2023
Closed on
Apr 26, 2024
Sold by
Thon Emily K
Bought by
Lamb Jared and Lamb Rachel
Seller's Agent
Lisa Mathena
The Lisa Mathena Group, Inc.
Buyer's Agent
Allison Stine
Northrop Realty
List Price
$999,999
Sold Price
$920,000
Premium/Discount to List
-$79,999
-8%
Total Days on Market
128
Views
380
Current Estimated Value
$1,013,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,222
Avg. Annual Appreciation
9.17%
Original Mortgage
$690,000
Outstanding Balance
$683,265
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$329,957

Purchase Details

Closed on
Sep 6, 1991
Bought by
Kuhlman Jeannette A
Source: Public Records

Range of Values:

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Sold Price
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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
Lamb Jared $920,000 None Listed On Document
Kuhlman Jeannette A $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lamb Jared $690,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2024 04/26/24 Sold $920,000 -5.6% $868 / Sq Ft
03/25/2024 03/25/24 Pending -- -- --
03/04/2024 03/04/24 Price Changed $974,900 -2.5% $920 / Sq Ft
11/18/2023 11/18/23 For Sale $999,999 -- $943 / 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 $1,383 $32,650 $0 $32,650
2023 $1,382 $32,650 $0 $32,650
2022 $1,359 $32,650 $0 $32,650
2021 $1,319 $32,650 $0 $32,650
2020 $1,258 $32,650 $0 $32,650
2019 $1,253 $32,650 $0 $32,650
2018 $1,265 $33,450 $0 $0
2017 $1,275 $33,450 $0 $0
2016 $1,124 $33,450 $0 $0
2015 $1,158 $33,450 $0 $0
2014 $1,141 $33,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2051986

Bright MLS

APN: 134-17.00-56.07-209