NOT LISTED FOR SALE

Estimated Value: $1,030,674 - $1,340,000

6 Beds
2 Baths
1,200 Sq Ft
$983/Sq Ft Est. Value

Last Sold March 26, 2018

Last sale price $675,000 $562 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $6,687/month

5 Days on Market

Highlights

  • Coastal Architecture
  • Deck
  • Furnished
  • Lord Baltimore Elementary School Rated A-
  • Wood Flooring
  • Combination Kitchen and Living

About This Home

As of March 2018

Fantastic opportunity to own in the town of Bethany Beach. Located in the desirable north end of town, this beach cottage has served as a summer retreat to the same family for over 60 years. Enjoy the easy walk to the beach, boardwalk, shopping and restaurants. Some renovations were started including the elevated crawlspace. This cottage is being sold as-is. You can see the potential for a total renovation or tear down to build the home of your dreams.

Last Agent to Sell the Property

Kylie Givens

WILGUS ASSOCIATES B License #RA-0020834 Listed on: 02/13/2018

Last Buyer's Agent

Andrew Bryan

Bryan Realty Group License #RB-0030961

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,817

Year Built

  • Built in 1955

Lot Details

  • 5,327 Sq Ft Lot
  • Cleared Lot
  • Zoning described as GENERAL RESIDENTIAL

Home Design

  • Coastal Architecture
  • Block Foundation
  • Architectural Shingle Roof
  • Asbestos
  • Stick Built Home

Interior Spaces

  • 1,200 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Combination Kitchen and Living
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Gas Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Basement

  • Sump Pump
  • Crawl Space

Parking

  • Stone Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Deck
  • Porch

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 134-13.15-93.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,817

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1955
  • Remarks Public: Fantastic opportunity to own in the town of Bethany Beach. Located in the desirable north end of town, this beach cottage has served as a summer retreat to the same family for over 60 years. Enjoy the easy walk to the beach, boardwalk, shopping and restaurants. Some renovations were started including the elevated crawlspace. This cottage is being sold as-is. You can see the potential for a total renovation or tear down to build the home of your dreams.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dryer - Electric, Microwave, Oven/Range - Gas, Washer, Water Heater
  • Flooring Type: Hardwood
  • Interior Amenities: Breakfast Area, Combination Kitchen/Living
  • Fireplace: No
  • Foundation Details: Block, Crawl Space
  • Level Count: 2
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Sump Pump
  • Living Area Units: Square Feet
  • Total Sq Ft: 1200
  • Living Area Sq Ft: 1200
  • Net Sq Ft: 1200.00
  • Price Per Sq Ft: 625.00
  • Above Grade Finished Sq Ft: 1200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 220

Beds/Baths

  • Bedrooms: 6
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Asbestos
  • Construction Completed: Yes
  • Exterior Features: Outside Shower
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Wall Unit
  • Heating Type: Forced Air, Wall Unit
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Features: Cleared
  • Lot Size Acres: 0.12
  • Lot Size Area: 5327
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5327.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Zoning Description: GENERAL RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5108997
  • Tax Annual Amount: 1817.00
  • Assessor Parcel Number: 134-13.15-93.00
  • County Tax Payment Frequency: Annually
  • Close Date: 03/26/2018

Multi Family

  • Income Expense List: Total Tax Bill

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2018
Closed on
Mar 23, 2018
Sold by
Michelson James
Bought by
Reed Richard and Reed Karen
Seller's Agent
Kylie Givens
WILGUS ASSOCIATES B
Buyer's Agent
Andrew Bryan
Bryan Realty Group
List Price
$750,000
Sold Price
$675,000
Premium/Discount to List
-$75,000
-10%
Total Days on Market
5
Current Estimated Value
$1,180,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$505,169
Avg. Annual Appreciation
8.07%

Purchase Details

Closed on
Jun 30, 2016
Sold by
Michelson James and Mark Lynette J
Bought by
Michelson James

Purchase Details

Closed on
Apr 5, 1995
Bought by
Michelson James and Mark Lynette J
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
Reed Richard $675,000 --
Michelson James -- None Available
Michelson James -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2018 03/26/18 Sold $675,000 -10.0% $563 / Sq Ft
02/18/2018 02/18/18 Pending -- -- --
02/13/2018 02/13/18 For Sale $750,000 -- $625 / 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 $746 $18,050 $10,000 $8,050
2023 $746 $18,050 $10,000 $8,050
2022 $733 $18,050 $10,000 $8,050
2021 $711 $18,050 $10,000 $8,050
2020 $679 $18,050 $10,000 $8,050
2019 $676 $18,050 $10,000 $8,050
2018 $682 $18,050 $0 $0
2017 $688 $18,050 $0 $0
2016 $606 $18,050 $0 $0
2015 $625 $18,050 $0 $0
2014 $616 $18,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001036028

Bright MLS

APN: 134-13.15-93.00