$875,000
SOLD FEB 25, 2022

29150 Ocean Rd Unit 204 Bethany Beach, DE 19930

3 Beds
2.5 Baths
1,700 Sq Ft
$286/mo HOA Fee

Recently Sold

$515 Per Sq Ft

3% Below List Price

Highlights

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

About This Home

As of September 2023

Coming Soon! Great opportunity to live Ocean Block in North Bethany just steps from the beach in the private community of Tower Shores. This bright & airy 3BD, 2.5BA fully furnished coastal charmer has 3 levels of living space plus a rooftop deck with fabulous views of the ocean, an updated kitchen & outdoor shower. Updates include: Single layer roof (2019), updated flooring throughout (2019), 5 Ductless heating & cooling systems (2020), updated kitchen (2021), and first floor deck (2021). No ground rent here with low annual condominium & HOA fees. This home also offers the new owner an opportunity to take advantage of the local rental market. A fantastic location close to nature and away from the crowds. Walk to Matts Fish Camp restaurant, a take a quick ride to the Indian River Inlet, state park beaches & downtown Bethany. Close to all the recreation, dining, shopping & fun the Delaware Beaches have to offer. This Tower Shores retreat is a special place you'll enjoy making memories to last a lifetime! Rental history available upon request.

Last Agent to Sell the Property

Amy Lacy Powalski

Patterson-Schwartz - Greenville Listed on: 02/01/2022

Patterson-Schwartz - Greenville

Co-Listed By

Cheryl Skurla

Northrop Realty

Last Buyer's Agent

DEBBIE REED

RE/MAX Realty Group Rehoboth License #RS-0010229

RE/MAX Realty Group Rehoboth

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,047

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
  • Building Winterized
  • 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

$1,047

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: Condominium
  • Exclusions: Some personal property, x-box, beach toys (surfboard & boogie boards).
  • Home Warranty: No
  • Inclusions: Furnishings - All inclusions conveyed in "As Is" condition with no contractual monetary value.
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1975
  • Building Winterized: Yes
  • Remarks Public: Coming Soon! Great opportunity to live Ocean Block in North Bethany just steps from the beach in the private community of Tower Shores. This bright & airy 3BD, 2.5BA fully furnished coastal charmer has 3 levels of living space plus a rooftop deck with fabulous views of the ocean, an updated kitchen & outdoor shower. Updates include: Single layer roof (2019), updated flooring throughout (2019), 5 Ductless heating & cooling systems (2020), updated kitchen (2021), and first floor deck (2021). No ground rent here with low annual condominium & HOA fees. This home also offers the new owner an opportunity to take advantage of the local rental market. A fantastic location close to nature and away from the crowds. Walk to Matts Fish Camp restaurant, a take a quick ride to the Indian River Inlet, state park beaches & downtown Bethany. Close to all the recreation, dining, shopping & fun the Delaware Beaches have to offer. This Tower Shores retreat is a special place you'll enjoy making memories to last a lifetime! Rental history available upon request.
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Foundation Details: Other
  • Levels Count: 3
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1700
  • Living Area Sq Ft: 1700
  • Price Per Sq Ft: 528.82
  • 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

  • Horses: No
  • Land Lease: No
  • Outdoor Living Structures: Deck(s)
  • Zoning: MR
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: Yes
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 5123390
  • Tax Annual Amount: 1047.00
  • Assessor Parcel Number: 134-05.00-84.00-204
  • Tax Year: 2021
  • Close Date: 02/25/2022

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
0
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

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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 Type Sale Price Title Company
Deed $915,000 None Listed On Document
Deed $152,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $686,250 New Conventional
Previous Owner $400,000 Stand Alone Refi Refinance Of Original Loan
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: DESU2014774

Bright MLS

APN: 134-05.00-84.00-204