NOT LISTED FOR SALE

29135 Ocean Rd Unit 16 Bethany Beach, DE 19930

Estimated Value: $1,122,000 - $2,002,000

4 Beds
2.5 Baths
1,500 Sq Ft
$998/Sq Ft Est. Value

Last Sold April 26, 2019

Last sale price $975,000 $650 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $8,542/month

13 Days on Market

Highlights

  • Ocean Front
  • Beach
  • Sandy Beach
  • Lord Baltimore Elementary School Rated A-
  • Access to Tidal Water
  • Coastal Architecture

About This Home

As of April 2019

Step directly from your Oceanfront deck onto the beach from this coastal townhome with unparalleled views of the shoreline from every level. Featuring an open floorplan that expands onto a screened porch and waterfront deck, this 4 bedroom, 2.5 bath home offers plenty of space for entertaining family and friends. Full of cottage charm with wide plank hardwood floors and walls, exposed beams, and tasteful furnishings, this beach retreat is ready to be enjoyed or a great investment opportunity with a proven rental history. Situated on a pristine wide beach in North Bethany adjacent to the State Park Beach and just minutes away from Bethany Beach and Rehoboth.

Last Agent to Sell the Property

Leslie Kopp

Long & Foster Real Estate, Inc. License #RA-0003421 Listed on: 03/01/2019

Long & Foster Real Estate, Inc.

Co-Listed By

Christi Arndt

Long & Foster Real Estate, Inc. License #RS-0023120

Last Buyer's Agent

Paul Sicari

Compass License #659389

Compass

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $808

Year Built

  • Built in 1966

Lot Details

  • 1,742 Sq Ft Lot
  • Ocean Front
  • Home fronts navigable water
  • Sandy Beach

HOA Fees

Home Design

  • Coastal Architecture
  • Wood Walls
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home
  • Cedar

Interior Spaces

  • 1,500 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Beamed Ceilings
  • Wood Ceilings
  • Ceiling Fan
  • Skylights
  • Window Treatments
  • Window Screens
  • Open Floorplan
  • Ocean Views
  • Stacked Washer and Dryer

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 1 Parking Space
  • 1 Attached Carport Space
  • Stone Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Access to Tidal Water
  • Water Access
  • Property is near an ocean
  • Deck
  • Screened Patio
  • Outbuilding
  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • 220 Volts
  • Electric Water Heater

Additional Features

  • More Than Two Accessible Exits
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 134-05.00-54.00

Community Details

Overview

  • Association fees include exterior building maintenance
  • Watergate Community
  • Tower Shores Subdivision

Recreation

  • Beach

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$808

Year Built

Built in 1966

Lot Details

0

HOA Fees

$74 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: 2+ Access Exits
  • Ownership: Condominium
  • Federal Flood Insurance: Yes
  • Inclusions: Furnished
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: Yes
  • Year Built: 1966
  • Remarks Public: Step directly from your Oceanfront deck onto the beach from this coastal townhome with unparalleled views of the shoreline from every level. Featuring an open floorplan that expands onto a screened porch and waterfront deck, this 4 bedroom, 2.5 bath home offers plenty of space for entertaining family and friends. Full of cottage charm with wide plank hardwood floors and walls, exposed beams, and tasteful furnishings, this beach retreat is ready to be enjoyed or a great investment opportunity with a proven rental history. Situated on a pristine wide beach in North Bethany adjacent to the State Park Beach and just minutes away from Bethany Beach and Rehoboth.
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Oven - Self Cleaning, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 1
  • Flooring Type: Carpet, Hardwood, Tile/Brick
  • Interior Amenities: Breakfast Area, Combination Kitchen/Dining, Combination Kitchen/Living, Ceiling Fan(s), Exposed Beams, Skylight(s), Window Treatments
  • Window Features: Screens
  • Fireplace: No
  • Wall Ceiling Types: Wood Ceilings, Wood Walls
  • Foundation Details: Pilings
  • Floors In Unit Count: 3
  • Levels Count: 3+
  • Basement: No
  • Total Sq Ft: 1500
  • Living Area Sq Ft: 1500
  • Net Sq Ft: 1500.00
  • Price Per Sq Ft: 663.33
  • Above Grade Finished Sq Ft: 1500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 29135

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 1.00
  • Upper Level 2 Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Upper Level 2 Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Cedar, Vinyl Siding
  • Exterior Features: Outside Shower, Outbuilding(s)
  • Roof: Shingle, Asphalt
  • View: Ocean
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Carport Spaces: 1
  • Garage: No
  • Parking Features: Stone Driveway
  • Attached Carport Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street, Driveway, Attached Carport

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 220 Volts
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

  • HOA Fees: 510.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 375.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Beach
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Outdoor Living Structures: Deck(s), Porch(es), Screened
  • Zoning: RESIDENTIAL
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5123310
  • Assessor Parcel Number: 134-05.00-54.00
  • Close Date: 04/26/2019

Multi Family

  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2019
Closed on
Apr 26, 2019
Sold by
Garagusi Matthew B
Bought by
Ott Charles B and Quinlan Jennifer L
Seller's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
Buyer's Agent
Paul Sicari
Compass
List Price
$995,000
Sold Price
$975,000
Premium/Discount to List
-$20,000
-2.01%
Total Days on Market
13
Current Estimated Value
$1,496,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$521,545
Avg. Annual Appreciation
7.06%
Original Mortgage
$975,000
Outstanding Balance
$848,825
Interest Rate
3.2%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$630,165

Purchase Details

Closed on
Jul 27, 2018
Sold by
Garagusi Matthew B and Garagusi Elizabeth A
Bought by
Garagusi Matthew B

Purchase Details

Closed on
Mar 28, 2002
Bought by
Garagusi Matthew B and Garagusi Elizabeth A
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
Ott Charles B $975,000 --
Garagusi Matthew B -- --
Garagusi Matthew B $495,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ott Charles B $975,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2019 04/26/19 Sold $975,000 -2.0% $650 / Sq Ft
03/14/2019 03/14/19 Pending -- -- --
03/01/2019 03/01/19 For Sale $995,000 -- $663 / 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 $808 $19,550 $6,650 $12,900
2023 $808 $19,550 $6,650 $12,900
2022 $794 $19,550 $6,650 $12,900
2021 $771 $19,550 $6,650 $12,900
2020 $735 $19,550 $6,650 $12,900
2019 $732 $19,550 $6,650 $12,900
2018 $739 $19,550 $0 $0
2017 $745 $19,550 $0 $0
2016 $657 $19,550 $0 $0
2015 $677 $19,550 $0 $0
2014 $667 $19,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU133254

Bright MLS

APN: 134-05.00-54.00