NOT LISTED FOR SALE

29150 Ocean Rd Unit 204 Bethany Beach, DE 19930

Estimated Value: $691,000 - $1,011,000

3 Beds
2.5 Baths
1,700 Sq Ft
$534/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $915,000 $538 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $5,460/month

106 Days on Market

Highlights

  • Ocean View
  • Beach
  • Oceanside
  • Lord Baltimore Elementary School Rated A-
  • Private Beach
  • Coastal Architecture

About This Home

As of September 2023

Here's an excellent chance to live near the beach in North Bethany, just steps away from the ocean, in the exclusive community of Tower Shores. This fully furnished, 3-level, bright, and airy coastal house offers 3 bedrooms, 2.5 bathrooms, and a rooftop deck with spectacular ocean views, as well as an updated kitchen and an outdoor shower. Recent updates include a new windows and doors, single-layer roof, updated flooring throughout, 5 ductless heating and cooling systems, updated kitchen, and a new first-floor deck. With low annual condominium and HOA fees and no ground rent, this property is an excellent investment opportunity, with 70K in proven rental income.

Located away from the hustle and bustle, this home is in a prime location to enjoy nature and relax. You can walk to Matt's Fish Camp restaurant, take a quick ride to the Indian River Inlet, state park beaches, and downtown Bethany, offering a wealth of recreational activities, dining, shopping, and fun for everyone. This Tower Shores retreat is a special place that you'll love and cherish, creating memories to last a lifetime!

Last Agent to Sell the Property

DEBBIE REED

RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 04/14/2023

RE/MAX Realty Group Rehoboth

Last Buyer's Agent

Henry Jaffe

Monument Sotheby's International Realty

Monument Sotheby's International Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,079

Year Built

  • Built in 1975

HOA Fees

Parking

  • Driveway

Home Design

  • Coastal Architecture
  • Frame Construction
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,700 Sq Ft Home
  • Property has 3 Levels
  • Ocean Views

Bedrooms and Bathrooms

Outdoor Features

  • Outdoor Shower
  • Oceanside
  • Deck

Utilities

  • Ductless Heating Or Cooling System
  • Heating Available
  • Electric Water Heater

Additional Features

  • Private Beach
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-05.00-84.00-204

Community Details

Overview

  • Association fees include insurance, snow removal, trash
  • Tower Shores Beach Association
  • Atlantis Ii Condo Association Condos
  • Atlantis Ii Community
  • Tower Shores Subdivision

Amenities

  • Common Area

Recreation

  • Beach

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,079

Year Built

Built in 1975

Lot Details

0

HOA Fees

$286 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Exclusions: Some personal property, x-box, beach toys (surfboard & boogie boards).
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2023-04-14
  • Federal Flood Zone: Yes
  • Year Built: 1975
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Foundation Details: Other
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 1700
  • Living Area Sq Ft: 1700
  • Price Per Sq Ft: 550.00
  • Above Grade Finished Sq Ft: 1700
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 29150

Beds/Baths

  • Bedrooms: 3
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Lower Level Half Bathroom: 1
  • Lower Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Stick Built, Vinyl Siding
  • Exterior Features: Outside Shower, Private Beach
  • View: Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split
  • Heating Fuel: Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 525.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2900.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Atlantis II Condo Association
  • HOA Condo Co-Op Amenities: Beach, Common Grounds
  • HOA Condo Co-Op Fee Includes: Insurance, Snow Removal, Trash
  • HOA Name: TOWER SHORES BEACH ASSOCIATION
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2022
  • Zoning: MR
  • In City Limits: No

Rental Info

  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: Yes

Tax Info

  • School Tax: 961.00
  • Tax Annual Amount: 1079.00
  • Assessor Parcel Number: 134-05.00-84.00-204
  • Tax Total Finished Sq Ft: 374
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 09/08/2023

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2023
Closed on
Sep 8, 2023
Sold by
Iliev Jessica and Iliev Martin
Bought by
Pasquale Brian Anthony and Pasquale Julia Anne
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Henry Jaffe
Monument Sotheby's International Realty
List Price
$960,000
Sold Price
$915,000
Premium/Discount to List
-$45,000
-4.69%
Total Days on Market
106
Views
712
Current Estimated Value
$907,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,173
Avg. Annual Appreciation
-0.45%
Original Mortgage
$686,250
Outstanding Balance
$674,570
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$233,257

Purchase Details

Closed on
Oct 7, 1998
Bought by
Westley Laurie A and Westley Daniel J
Source: Public Records

Range of Values:

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Average Value
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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
Pasquale Brian Anthony $915,000 None Listed On Document
Westley Laurie A $152,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pasquale Brian Anthony $686,250
Previous Owner Caputo Canio $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2023 09/08/23 Sold $915,000 -2.1% $538 / Sq Ft
05/09/2023 05/09/23 Price Changed $935,000 -2.6% $550 / Sq Ft
04/14/2023 04/14/23 For Sale $960,000 +9.7% $565 / Sq Ft
02/25/2022 02/25/22 Sold $875,000 -2.7% $515 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $899,000 +72.9% $529 / Sq Ft
11/14/2018 11/14/18 Sold $520,000 -3.5% $306 / Sq Ft
10/01/2018 10/01/18 Pending -- -- --
09/06/2018 09/06/18 For Sale $539,000 -- $317 / 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 $1,098 $14,300 $0 $14,300
2023 $1,097 $14,300 $0 $14,300
2022 $1,079 $14,300 $0 $14,300
2021 $1,047 $14,300 $0 $14,300
2020 $999 $14,300 $0 $14,300
2019 $994 $14,300 $0 $14,300
2018 $1,004 $26,550 $0 $0
2017 $1,012 $26,550 $0 $0
2016 $892 $26,550 $0 $0
2015 $919 $26,550 $0 $0
2014 $906 $26,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2039102

Bright MLS

APN: 134-05.00-84.00-204