NOT LISTED FOR SALE

29552 Cove Way Unit 29552 LOT 37 Bethany Beach, DE 19930

Estimated Value: $2,603,000 - $2,679,000

4 Beds
3.5 Baths
3,600 Sq Ft
$734/Sq Ft Est. Value

Last Sold September 05, 2019

Last sale price $1,650,000 $458 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $14,401/month

121 Days on Market

Highlights

  • 105 Feet of Waterfront
  • Primary bedroom faces the bay
  • 1 Dock Slip
  • Lord Baltimore Elementary School Rated A-
  • Boat Ramp
  • Beach

About This Home

As of September 2019

Large 4 BR, 3.5 Bath Bayfront Home, Located in Cotton Patch Hills, Panoramic Bayfront Views &, Beautiful Sunsets, Enjoy the Peaceful Atmosphere of Beach Cove, while watching the Heron, and Osprey on Nesting Stands. Open Floor Plan, Spacious Rooms. Den, Small Office off MB, 2 MB'S, with whirl pool tubs and double vanities, wide stairway,LG. Foyer, Laundry Room, Lg. Owners Closet, Granite Counter Tops, Gas Range, Screened Porch, Several Bay Front Decks & Balconies, Outside Shower, Stairway to Floored Attic, Storage Sheds under the house.,, Bulkhead/ Riprap, Boat Dock. Community Ramp, Marina, Tennis Court and only 3 blocks to Private Life Guarded Ocean Beach. Short Distance to Rehoboth, Bethany Beach, Restaurants, Scenic Indian River Bridge and Inlet. Fully Furnished & Turn Key. Great Rental Potential

Last Agent to Sell the Property

LOIS DOLBY

Coldwell Banker Realty Listed on: 03/22/2019

Last Buyer's Agent

Walt Cassel

Dave McCarthy & Associates, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,878

Year Built

  • Built in 2006

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 101x137x110x125
  • 105 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Private Beach
  • East Facing Home
  • Open Lot
  • Cleared Lot
  • Front and Side Yard
  • Community picnic, marina, tennis
  • Property is in very good condition

HOA Fees

  • $146 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home
  • CPVC or PVC Pipes

Interior Spaces

  • 3,600 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace With Glass Doors
  • Gas Fireplace
  • Vinyl Clad Windows
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Sliding Doors
  • Insulated Doors
  • Entrance Foyer
  • Family Room Off Kitchen
  • Combination Kitchen and Dining Room
  • Den
  • Bay Views
  • Attic

Kitchen

  • Gas Oven or Range
  • Self-Cleaning Oven
  • Range Hood
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • Primary bedroom faces the bay
  • Walk-In Closet
  • Whirlpool Bathtub
  • Walk-in Shower

Laundry

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

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Gravel Driveway

Accessible Home Design

  • Halls are 36 inches wide or more
  • Lowered Light Switches
  • Doors swing in
  • Doors with lever handles
  • Doors are 32 inches wide or more
  • More Than Two Accessible Exits
  • Level Entry For Accessibility

Outdoor Features

  • Outdoor Shower
  • Access to Tidal Water
  • Private Water Access
  • Property near a bay
  • Bulkhead
  • Rip-Rap
  • Boat or Launch Ramp
  • 1 Dock Slip
  • Physical Dock Slip Conveys
  • Dock Against Bulkhead
  • Tennis Courts
  • Multiple Balconies
  • Deck
  • Screened Patio
  • Exterior Lighting
  • Outdoor Storage
  • Porch

Schools

  • Lord Baltimore Elementary School
  • Selbyville Middle School
  • Indian Riv High School

Utilities

  • Central Heating and Cooling System
  • 200+ Amp Service
  • Propane
  • High-Efficiency Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Energy-Efficient Windows
  • Flood Risk

Listing and Financial Details

  • Tax Lot 37
  • Assessor Parcel Number 134-05.00-128.00

Community Details

Overview

  • Association fees include common area maintenance, road maintenance, trash
  • Cotton Patch Hills HOA
  • Cotton Patch Hills Subdivision
  • Property Manager

Recreation

  • Boat Ramp
  • Boat Dock
  • Beach
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,878

Year Built

Built in 2006

Lot Details

0

HOA Fees

$146 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: Doors - Lever Handle(s), Accessible Switches/Outlets, 2+ Access Exits, Level Entry - Main, 36"+ Wide Halls, 32"+ Wide Doors, Doors - Swing In
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Furnished as shown.
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2006
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Range Hood, Washer, Water Heater - High-Efficiency, Oven - Self Cleaning, Stainless Steel Appliances, Oven - Single, Oven/Range - Gas
  • Entry Floor: 1
  • Flooring Type: Carpet, Ceramic Tile, Laminated
  • Interior Amenities: Kitchen - Island, Combination Kitchen/Dining, Family Room Off Kitchen, Primary Bedroom - Bay Front, Crown Moldings, Recessed Lighting, Stall Shower, Walk-In Closet(s), Whirlpool/Hottub, Window Treatments, Attic, Ceiling Fan(s)
  • Window Features: Energy Efficient, Screens, Vinyl Clad, Insulated
  • Fireplace Features: Fireplace - Glass Doors, Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated, Sliding Glass
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Pilings
  • Levels Count: 3+
  • Room Count: 11
  • Room List: Den, Foyer, Laundry, Attic, Half Bath
  • Basement: No
  • Laundry Type: Main Floor, Has Laundry, Dryer In Unit, Washer In Unit
  • Total Sq Ft: 3600
  • Living Area Sq Ft: 3600
  • Price Per Sq Ft: 479.17
  • Above Grade Finished Sq Ft: 3600
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 29552

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Vinyl Siding, Cpvc/Pvc, Stick Built
  • Exterior Features: Private Beach, Exterior Lighting, Outside Shower, Secure Storage, Tennis Court(s)
  • Road Surface Type: Black Top
  • Roof: Architectural Shingle
  • Spa: No
  • View: Bay
  • Water Access Features: Private Access
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 105

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 8
  • Parking Features: Gravel Driveway
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Phone, Sewer Available, Cable Tv Available, Propane, Water Available
  • Water Source: Private
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 1750.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Boat Dock/Slip, Boat Ramp, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Road Maintenance, Trash
  • HOA Name: COTTON PATCH HILLS HOA
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: INDIAN RIVER
  • Elementary School: LORD BALTIMORE
  • Middle School: SELBYVILLE
  • High School: INDIAN RIV
  • Elementary School Source: 3rd Party
  • High School Source: Listing Agent
  • Middle School Source: 3rd Party
  • School District Key: 300200396898
  • School District Source: 3rd Party
  • Elementary School: LORD BALTIMORE
  • High School: INDIAN RIV
  • Middle Or Junior School: SELBYVILLE

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Additional Parcels Description: Community picnic, marina, tennis
  • Lot Features: Bulkheaded, Cleared, Rip-Rapped, Road Frontage, Sideyard(s), Front Yard, Open
  • Lot Size Acres: 0.26
  • Lot Dimensions: 101x137x110x125
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11500.00
  • Outdoor Living Structures: Deck(s), Porch(es), Screened, Balconies- Multiple
  • Property Condition: Very Good
  • Zoning: SFR
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 134-05.00-128.00
  • Tax Lot: 37
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 09/05/2019

Multi Family

  • Federal Flood Zone: AE
  • Waterfront Features: Boat/Launch Ramp, Private Dock Site, Rip-Rap

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2019
Closed on
Aug 29, 2019
Sold by
Yee Dennis J and Farrell Patricia A
Bought by
Wallace Todd A and Wallace Margaret
Seller's Agent
LOIS DOLBY
Coldwell Banker Realty
Buyer's Agent
Walt Cassel
Dave McCarthy & Associates, Inc.
List Price
$1,775,000
Sold Price
$1,650,000
Premium/Discount to List
-$125,000
-7.04%
Total Days on Market
121
Current Estimated Value
$2,641,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$991,000
Avg. Annual Appreciation
3.64%
Original Mortgage
$1,237,500
Interest Rate
3.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
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
Wallace Todd A $1,650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wallace Todd A $815,151
Closed Wallace Todd A $1,237,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2019 09/05/19 Sold $1,650,000 -4.3% $458 / Sq Ft
07/21/2019 07/21/19 Pending -- -- --
05/21/2019 05/21/19 Price Changed $1,725,000 -2.8% $479 / Sq Ft
03/22/2019 03/22/19 For Sale $1,775,000 -- $493 / 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 $2,878 $67,100 $14,400 $52,700
2023 $2,875 $67,100 $14,400 $52,700
2022 $2,828 $67,100 $14,400 $52,700
2021 $2,645 $67,100 $14,400 $52,700
2020 $2,524 $67,100 $14,400 $52,700
2019 $2,513 $67,100 $14,400 $52,700
2018 $2,537 $67,100 $0 $0
2017 $2,558 $67,100 $0 $0
2016 $2,254 $67,100 $0 $0
2015 $2,324 $67,100 $0 $0
2014 $2,289 $67,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • LOIS DOLBY

    Seller's Agent in 2019

    LOIS DOLBY

    Coldwell Banker Realty

    Section Image
  • Walt Cassel

    Buyer's Agent in 2019

    Walt Cassel

    Dave McCarthy & Associates, Inc.

    (917) 826-8867

    1 in this area

    39 Total Sales

    Walt Cassel
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU131560

Bright MLS

APN: 134-05.00-128.00

Delaware Sussex County Bethany Beach 19930

29552 Cove Way Unit 29552 LOT 37, Bethany Beach, DE

This home is located at 29552 Cove Way Unit 29552 LOT 37, Bethany Beach, DE 19930 since 22 March 2019 and is currently estimated at $2,641,000, approximately $733 per square foot. This property was built in 2006. 29552 Cove Way Unit 29552 LOT 37 is a home located in Sussex County with nearby schools including Lord Baltimore Elementary School, Selbyville Middle School, and Indian River High School.

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