NOT LISTED FOR SALE

Estimated Value: $2,518,910 - $3,058,000

7 Beds
5 Baths
4,257 Sq Ft
$661/Sq Ft Est. Value

Last Sold September 21, 2020

Last sale price $1,910,000 $449 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $17,581/month

Highlights

  • Coastal Architecture
  • 2 Fireplaces
  • Forced Air Heating and Cooling System
  • Lord Baltimore Elementary School Rated A-
  • No HOA
  • 60 Gallon+ Electric Water Heater

About This Home

As of September 2020

Absolutely stunning home with extraordinary views and architectural details throughout. Located on the historic canal loop just 1.5 blocks to the beach and downtown Bethany. This like-new beach home is the essence of luxurious coastal living and was constructed by Marnie Custom Homes; a renowned and award-winning local builder. A thoughtfully designed open inverted floor plan offers vaulted ceilings with lots of natural light and sweeping canal views from two separate decks and glassed in sitting rooms. The interior has been professionally designed and meticulously maintained. With over 4,000 square feet of living space, seven bedrooms, five full bathrooms and parking for 7 vehicles, it can comfortably accommodate up to 16 people. Numerous custom features and upgrades throughout including a three-level elevator, two master bedroom suites, two wood-burning fireplaces, three decks and one screened porch, two outdoor showers, fiber cement siding, expansive rear yard for entertaining that overlooks the canal and the list goes on! Featuring a state-of-the-art designer gourmet chef's kitchen with luxury-grade features and appliances including a built-in Subzero refrigerator with air purification system, 6 burner gas Wolf Range and oven with custom Hood, Bosch wall oven, under island beverage center, Peregrine Granite, Mardan ONYX Stone Back Splash with under counter lighting, bronze sinks and faucets, two level island with bar and sink, custom cabinetry, built-in glass china cabinet and a large walk-in pantry. Each of the five full bathrooms has been custom designed using high-end finishes and materials including marble, ONYX slate, Solaris granite and luxury bronze faucets throughout. Roughed in basement plumbing for additional bathroom, washer, dryer and refrigerator. Enjoy as a beach home and/or rental investment with the potential to exceed $100k in annual rental income. Plenty of room for family and friends! This remarkable and expansive custom built home is an excellent value - literally steps away from the Atlantic Ocean with access to the bay via kayak from your backyard and a short walk to downtown Bethany Beach.

Last Agent to Sell the Property

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office License #0225194075 Listed on: 09/24/2020

Last Buyer's Agent

Kathleen Schell

(302) 841-0549 kathleen.Schell@oasir.net Monument Sotheby's International Realty

Monument Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,728

Year Built

  • Built in 2015

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40.00 x 125.00
  • Property is zoned TN

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Frame Construction

Interior Spaces

  • 4,257 Sq Ft Home
  • Property has 3 Levels
  • 2 Fireplaces
  • Partial Basement

Bedrooms and Bathrooms

Parking

  • Driveway
  • Off-Street Parking

Utilities

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

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 134-13.19-126.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,728

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2015
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 2
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 4257
  • Living Area Sq Ft: 4257
  • Price Per Sq Ft: 448.67
  • Above Grade Finished Sq Ft: 4257
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 7
  • Main Level Bedrooms: 5
  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Main Level Bathrooms: 3.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank, Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.11
  • Lot Dimensions: 40.00 x 125.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5109225
  • School Tax: 2091.00
  • Tax Annual Amount: 3728.00
  • Assessor Parcel Number: 134-13.19-126.00
  • Tax Lot: 18
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2020
Closed on
Sep 21, 2020
Sold by
Evelyn Toni Mulder Lt
Bought by
Rich Isabel
Seller's Agent
datacorrect BrightMLS
Non Subscribing Office
Buyer's Agent
Kathleen Schell
Monument Sotheby's International Realty
List Price
$1,910,000
Sold Price
$1,910,000
Current Estimated Value
$3,319,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,409,865
Avg. Annual Appreciation
7.58%
Original Mortgage
$1,337,000
Outstanding Balance
$1,190,836
Interest Rate
3.1%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,622,892

Purchase Details

Listed on
Nov 7, 2013
Closed on
May 16, 2014
Sold by
Maryesther M Maryesther M and Woehlk Mary Esther
Bought by
The Evelyn Toni Mulder Living Trust
Seller's Agent
BRIAN CROWLEY
Crowley Associates Realty
Buyer's Agent
SARAH FRENCH
Long & Foster Real Estate, Inc.
List Price
$600,000
Sold Price
$600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.97%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
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
Rich Isabel $1,910,000 None Available
The Evelyn Toni Mulder Living Trust $600,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rich Isabel $1,337,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/24/2020 09/24/20 For Sale $1,910,000 0.0% $449 / Sq Ft
09/21/2020 09/21/20 Sold $1,910,000 +218.3% $449 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
05/16/2014 05/16/14 Sold $600,000 0.0% -- View Prior Sale
04/23/2014 04/23/14 Pending -- -- --
11/07/2013 11/07/13 For Sale $600,000 -- --
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
2025 $4,711 $63,050 $10,000 $53,050
2024 $2,636 $63,050 $10,000 $53,050
2023 $2,633 $63,050 $10,000 $53,050
2022 $2,591 $63,050 $10,000 $53,050
2021 $2,485 $63,050 $10,000 $53,050
2020 $2,372 $63,050 $10,000 $53,050
2019 $2,361 $63,050 $10,000 $53,050
2018 $2,384 $63,050 $0 $0
2017 $2,404 $63,050 $0 $0
2016 $2,118 $63,050 $0 $0
2015 $2,183 $63,050 $0 $0
2014 $341 $10,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU169866

Bright MLS

APN: 134-13.19-126.00