NOT LISTED FOR SALE

29155 Ocean Rd Unit 4 Bethany Beach, DE 19930

Estimated Value: $1,660,000 - $2,031,129

5 Beds
4 Baths
1,762 Sq Ft
$1,014/Sq Ft Est. Value

Last Sold September 14, 2022

Last sale price $1,810,000 $1,027 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $10,809/month

4 Days on Market

Highlights

  • 25 Feet of Waterfront
  • Ocean View
  • Sandy Beach
  • Lord Baltimore Elementary School Rated A-
  • Access to Tidal Water
  • Open Floorplan

About This Home

As of September 2022

Gorgeous 3-story fully furnished oceanfront townhouse overlooking the Atlantic ocean beach in North Bethany in Tower Shores/Four Winds. Imagine savoring a cup of coffee while sitting on your deck, breathing in the fresh ocean air as you watch the sunrise over the beautiful blue ocean! With east and west facing windows, each room in this amazing beach front home brings the sunshine inside. A few steps down from your main deck, you sink your toes in the sand as you walk along the beach or take a quick dip into the ocean for an invigorating morning swim! Living right on the beach, this amazing home offers many options, including incredible views from the decks on each of the 3 levels, 5 bedrooms with 2 full bathrooms and 2 half baths. The first floor has an open floor plan, with ocean views from the living/dining room and kitchen. The living room features an electric fireplace for when the weather calls for cozy. The dining table seats 6 and the kitchen breakfast bar seats four, with plenty of room for crab feasts, extra guests or intimate gatherings. There is also a bedroom/den on the first floor with a daybed/trundle bed combination, along with a storage closet, laundry, and half bath. Wake up in the morning in the primary bedroom on the second level and your first sight is the ocean and beautiful expansive beach. The second level offers 3 bedrooms, including the primary (king bed), and 2 full baths and the primary bedroom overlooks the ocean/beach from the bedroom as well as a private, covered deck off the sitting area. The other bedrooms on this level have a queen bed in one and double twin bunkbeds in the other and share the hallway full bath with tub/shower. The third level has a half bath and single large bedroom (queen), awash with light from the sliding glass doors that lead to a private deck overlooking the beach. Imagine the full moon and star-gazing you will enjoy! All of the decks have electronic hurricane/severe weather protection panels that automatically descend to protect the oceanfront doors and decks with the turn of a key. There is a storage room on the ground level for beach toys and enough covered parking under the house and driveway for 3 cars, plus an additional shared space. With walk-on access to the beach from the ground level and first floor deck, the ocean is literally just a few steps away. This property is a well-managed, successful rental property during most of the summer season as well as a second home. In a market where direct beachfront homes are in short supply, this home can be a fantastic investment property or a warm, inviting and amazing second or primary home. Come see the incredible views from this oceanfront gem and make this lovely home yours.

Last Agent to Sell the Property

Michele Petrillo

Long & Foster Real Estate, Inc. License #634304 Listed on: 07/29/2022

Long & Foster Real Estate, Inc.

Co-Listed By

ADAM KSEBE

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Leslie Kopp

Long & Foster Real Estate, Inc. License #RA-0003421

Long & Foster Real Estate, Inc.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,232

Year Built

  • Built in 1982

Lot Details

  • 25 Feet of Waterfront
  • Ocean Front
  • Sandy Beach
  • West Facing Home
  • Property is in very good condition

HOA Fees

  • $667 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Frame Construction
  • Architectural Shingle Roof
  • Piling Construction

Interior Spaces

  • 1,762 Sq Ft Home
  • Property has 4 Levels
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • 1 Fireplace
  • Window Treatments
  • Entrance Foyer
  • Combination Dining and Living Room
  • Ocean Views
  • Attic

Kitchen

  • Galley Kitchen
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • 1 Driveway Space
  • 2 Attached Carport Spaces

Outdoor Features

  • Access to Tidal Water
  • Private Water Access
  • Property is near an ocean
  • Swimming Allowed

Location

  • Flood Risk

Schools

  • Indian River High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Vented Exhaust Fan
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-05.00-83.00-D

Community Details

Overview

  • Association fees include management, road maintenance, trash, common area maintenance, insurance, exterior building maintenance
  • Tower Shores Beach Association
  • Four Winds Condominium Association Condos
  • Four Winds Community
  • Tower Shores Subdivision
  • Property Manager

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,232

Year Built

Built in 1982

Lot Details

0

HOA Fees

$667 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • Inclusions: As Shown, all furniture and fixtures except personal items
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Expected On Market: 2022-07-30
  • Federal Flood Zone: Yes
  • Year Built: 1982
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Gorgeous 3-story fully furnished oceanfront townhouse overlooking the Atlantic ocean beach in North Bethany in Tower Shores/Four Winds. Imagine savoring a cup of coffee while sitting on your deck, breathing in the fresh ocean air as you watch the sunrise over the beautiful blue ocean! With east and west facing windows, each room in this amazing beach front home brings the sunshine inside. A few steps down from your main deck, you sink your toes in the sand as you walk along the beach or take a quick dip into the ocean for an invigorating morning swim! Living right on the beach, this amazing home offers many options, including incredible views from the decks on each of the 3 levels, 5 bedrooms with 2 full bathrooms and 2 half baths. The first floor has an open floor plan, with ocean views from the living/dining room and kitchen. The living room features an electric fireplace for when the weather calls for cozy. The dining table seats 6 and the kitchen breakfast bar seats four, with plenty of room for crab feasts, extra guests or intimate gatherings. There is also a bedroom/den on the first floor with a daybed/trundle bed combination, along with a storage closet, laundry, and half bath. Wake up in the morning in the primary bedroom on the second level and your first sight is the ocean and beautiful expansive beach. The second level offers 3 bedrooms, including the primary (king bed), and 2 full baths and the primary bedroom overlooks the ocean/beach from the bedroom as well as a private, covered deck off the sitting area. The other bedrooms on this level have a queen bed in one and double twin bunkbeds in the other and share the hallway full bath with tub/shower. The third level has a half bath and single large bedroom (queen), awash with light from the sliding glass doors that lead to a private deck overlooking the beach. Imagine the full moon and star-gazing you will enjoy! All of the decks have electronic hurricane/severe weather protection panels that automatically descend to protect the oceanfront doors and decks with the turn of a key. There is a storage room on the ground level for beach toys and enough covered parking under the house and driveway for 3 cars, plus an additional shared space. With walk-on access to the beach from the ground level and first floor deck, the ocean is literally just a few steps away. This property is a well-managed, successful rental property during most of the summer season as well as a second home. In a market where direct beachfront homes are in short supply, this home can be a fantastic investment property or a warm, inviting and amazing second or primary home. Come see the incredible views from this oceanfront gem and make this lovely home yours.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Icemaker, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Ceramic Tile, Carpet
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Dining Area, Floor Plan - Open, Kitchen - Galley, Pantry, Recessed Lighting, Skylight(s), Tub Shower, Window Treatments
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Pilings
  • Floors In Unit Count: 4
  • Levels Count: 4
  • Room Count: 7
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Foyer, Bedroom 1, Laundry, Bathroom 2, Attic, Primary Bathroom, Half Bath
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1762
  • Living Area Sq Ft: 1762
  • Price Per Sq Ft: 964.81
  • Above Grade Finished Sq Ft: 1762
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 29155

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1
  • Upper Level 2 Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Architectural Shingle
  • Spa: No
  • View: Ocean
  • Water Access Features: Private Access, Swimming Allowed
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 25

Garage/Parking

  • Garage: No
  • Attached Carport Spaces: 2
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Carport, Driveway
  • Number of Spaces in Driveway: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available
  • Water Source: Public
  • Municipal Trash: No
  • Internet Services: Cable

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 8000.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Four Winds Condominium Association
  • HOA Condo Co-Op Fee Includes: Management, Road Maintenance, Trash, Common Area Maintenance, Insurance, Ext Bldg Maint
  • HOA Condo Co-Op Management Type: Owner/Self-Management, Professional - Off-Site
  • HOA Name: TOWER SHORES BEACH ASSOCIATION
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: MR
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5123384
  • School Tax: 1093.00
  • Tax Annual Amount: 1232.00
  • Assessor Parcel Number: 134-05.00-83.00-D
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 09/14/2022

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
Jul 29, 2022
Closed on
Sep 14, 2022
Sold by
Carhart Bruce S
Bought by
Sakalay Anne R and Olivieri John Joseph
Seller's Agent
Michele Petrillo
Long & Foster Real Estate, Inc.
Buyer's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
List Price
$1,700,000
Sold Price
$1,810,000
Premium/Discount to List
$110,000
6.47%
Total Days on Market
4
Current Estimated Value
$1,787,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,624
Avg. Annual Appreciation
-0.46%
Original Mortgage
$1,060,000
Outstanding Balance
$1,017,875
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$769,501

Purchase Details

Closed on
Jun 20, 2012
Sold by
John F John F and Liparini Kathleen
Bought by
Carhart Bruce S
Source: Public Records

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
Sakalay Anne R $1,810,000 --
Carhart Bruce S $989,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sakalay Anne R $1,060,000
Previous Owner Carhart Bruce S $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2022 09/14/22 Sold $1,810,000 +6.5% $1,027 / Sq Ft
08/02/2022 08/02/22 Pending -- -- --
07/29/2022 07/29/22 For Sale $1,700,000 -- $965 / 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 $1,292 $21,650 $0 $21,650
2023 $1,291 $21,650 $0 $21,650
2022 $1,270 $21,650 $0 $21,650
2021 $1,232 $21,650 $0 $21,650
2020 $1,175 $21,650 $0 $21,650
2019 $1,170 $21,650 $0 $21,650
2018 $1,182 $31,250 $0 $0
2017 $1,191 $31,250 $0 $0
2016 $1,050 $31,250 $0 $0
2015 $1,082 $31,250 $0 $0
2014 $1,066 $31,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2025592

Bright MLS

APN: 134-05.00-83.00-D