NOT LISTED FOR SALE

29324 Kelly Ln Bethany Beach, DE 19930

Estimated Value: $1,778,000 - $2,543,000

5 Beds
4.5 Baths
3,000 Sq Ft
$739/Sq Ft Est. Value

Last Sold March 17, 2020

Last sale price $1,600,000 $533 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $12,741/month

807 Days on Market

Highlights

  • Ocean View
  • Beach
  • Gated Community
  • Lord Baltimore Elementary School Rated A-
  • Water Oriented
  • Coastal Architecture

About This Home

As of March 2020

Located within a desirable North Bethany gated community, one lot off the beach, offering ocean and rear bay views. Spacious inverted floorplan, inviting open great room and plenty of outdoor living space and decks. Positioned on a partially wooded lot with mature pine trees and only steps to a private life-guarded beach. This thoughtfully designed coastal home offers vaulted ceilings, gourmet kitchen, light filled great room, built-in cabinets, spacious private master suite and spectacular ocean views from a third-floor screened in deck. The property has been well maintained and is offered fully furnished. A circular driveway and covered parking offers spaces for over eight vehicles. Excellent rental investment and perfect design for entertaining or relaxing with family. Enjoy your summers on a pristine, uncrowded private beach within the community of Breakwater Beach. Make your beach dreams into unforgettable memories!

Last Agent to Sell the Property

Henry Jaffe

Monument Sotheby's International Realty Listed on: 11/20/2017

Monument Sotheby's International Realty

Last Buyer's Agent

Henry Jaffe

Monument Sotheby's International Realty Listed on: 11/20/2017

Monument Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,964

Year Built

  • Built in 2000

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x125
  • Landscaped
  • Property is zoned RESIDENIUAL, RESIDENTIAL PLANNED COMM.

HOA Fees

  • $138 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Asbestos Shingle Roof
  • Piling Construction
  • Stick Built Home
  • Cedar

Interior Spaces

  • 3,000 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Window Screens
  • Great Room
  • Living Room
  • Dining Room
  • Ocean Views
  • Storm Windows

Kitchen

  • Electric Oven or Range
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Electric Dryer
  • Washer

Parking

  • 8 Open Parking Spaces
  • Circular Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property is near an ocean
  • Deck
  • Enclosed patio or porch

Location

  • Flood Risk

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-05.00-418.00

Community Details

Overview

  • Breakwater Beach Subdivision

Recreation

  • Beach

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,964

Year Built

Built in 2000

Lot Details

0

HOA Fees

$138 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary, Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: Yes
  • Year Built: 2000
  • Remarks Public: Located within a desirable North Bethany gated community, one lot off the beach, offering ocean and rear bay views. Spacious inverted floorplan, inviting open great room and plenty of outdoor living space and decks. Positioned on a partially wooded lot with mature pine trees and only steps to a private life-guarded beach. This thoughtfully designed coastal home offers vaulted ceilings, gourmet kitchen, light filled great room, built-in cabinets, spacious private master suite and spectacular ocean views from a third-floor screened in deck. The property has been well maintained and is offered fully furnished. A circular driveway and covered parking offers spaces for over eight vehicles. Excellent rental investment and perfect design for entertaining or relaxing with family. Enjoy your summers on a pristine, uncrowded private beach within the community of Breakwater Beach. Make your beach dreams into unforgettable memories!
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer - Electric, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Washer, Water Heater
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Kitchen - Island, Ceiling Fan(s), Whirlpool/Hottub, Window Treatments
  • Window Features: Screens, Storm
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Vaulted Ceilings
  • Foundation Details: Pilings
  • Level Count: 3
  • Levels Count: 3+
  • Room Count: 9
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Great Room, Laundry, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 3000
  • Living Area Sq Ft: 3000
  • Net Sq Ft: 3000.00
  • Price Per Sq Ft: 583.00
  • Above Grade Finished Sq Ft: 3000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 29324

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Upper Level Bathrooms: 5
  • Upper Level Bathrooms: 3.00
  • Upper Level 2 Bathrooms: 2.00
  • Upper Level Full Bathrooms: 3
  • Upper Level 2 Full Bathrooms: 1
  • Upper Level 2 Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Cedar
  • Exterior Features: Outside Shower
  • Roof: Asbestos Shingle
  • View: Ocean
  • Water Access: No
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 8
  • Parking Features: Circular Driveway
  • Number Of Parking Spaces Included: 3+ Car Parking
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1140.00
  • Water Source: Private

Condo/Co-op/Association

  • HOA Fees: 1650.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Gated Community
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Features: Landscaping
  • Lot Size Acres: 0.17
  • Lot Dimensions: 60X125
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7405.00
  • Outdoor Living Structures: Deck(s), Porch(es), Enclosed, Screened
  • Zoning: RESIDENIUAL
  • Zoning Description: RESIDENTIAL PLANNED COMM.
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 52000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5123189
  • Assessor Parcel Number: 134-05.00-418.00
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Close Date: 03/17/2020

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2020
Sold by
Lotfi Patrick and Talakoub Lilly
Bought by
Dell Management Llc
Total Days on Market
807
Current Estimated Value
$2,215,889

Purchase Details

Listed on
Nov 20, 2017
Closed on
Mar 12, 2020
Sold by
Smith Harold C and Smith Mary M
Bought by
Lotfi Patrick and Talakoub Lily
Seller's Agent
Henry Jaffe
Monument Sotheby's International Realty
Buyer's Agent
Henry Jaffe
Monument Sotheby's International Realty
List Price
$1,945,000
Sold Price
$1,600,000
Premium/Discount to List
-$345,000
-17.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.44%
Original Mortgage
$1,200,000
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
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
Dell Management Llc -- None Available
Lotfi Patrick $1,600,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lotfi Patrick $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2020 03/17/20 Sold $1,600,000 -8.5% $533 / Sq Ft
02/05/2020 02/05/20 Pending -- -- --
12/05/2019 12/05/19 Price Changed $1,749,000 -2.8% $583 / Sq Ft
02/25/2019 02/25/19 Price Changed $1,799,000 -4.1% $600 / Sq Ft
01/18/2019 01/18/19 Price Changed $1,875,000 -3.6% $625 / Sq Ft
09/23/2018 09/23/18 For Sale $1,945,000 0.0% $648 / Sq Ft
08/20/2018 08/20/18 Price Changed $1,945,000 -2.5% $648 / Sq Ft
03/16/2018 03/16/18 Price Changed $1,995,000 -5.0% $665 / Sq Ft
03/07/2018 03/07/18 Price Changed $2,100,000 -2.3% $700 / Sq Ft
11/20/2017 11/20/17 For Sale $2,150,000 -- $717 / 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 $1,964 $47,200 $10,000 $37,200
2023 $1,962 $47,200 $10,000 $37,200
2022 $1,918 $47,200 $10,000 $37,200
2021 $1,861 $47,200 $10,000 $37,200
2020 $1,775 $47,200 $10,000 $37,200
2019 $1,767 $47,200 $10,000 $37,200
2018 $1,785 $47,200 $0 $0
2017 $1,799 $47,200 $0 $0
2016 $1,586 $47,200 $0 $0
2015 $1,634 $47,200 $0 $0
2014 $1,610 $47,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001569090

Bright MLS

APN: 134-05.00-418.00