NOT LISTED FOR SALE

29570 Cove Way Bethany Beach, DE 19930

Estimated Value: $1,567,000 - $2,067,810

4 Beds
3 Baths
3,260 Sq Ft
$556/Sq Ft Est. Value

Last Sold September 10, 2018

Last sale price $1,725,000 $529 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $10,471/month

99 Days on Market

Highlights

  • Marina
  • 2 Dock Slips
  • Water Access
  • Lord Baltimore Elementary School Rated A-
  • Home fronts navigable water
  • Spa

About This Home

As of September 2018

Timeless Bayfront home on idyllic Beach Cove with soaring windows to maximize panoramic views of the water, this impressive property boasts 100 feet of waterfront complete with a boat dock and is located just a short walk to the private community beach. Featuring a spacious open floorplan with 4 bedrooms and a second living room that could easily be a 5th bedroom, absolutely stunning views of the wide open bay are abundant from every room and updates such as maple hardwood floors upstairs and all bathrooms newly renovated. This home is perfect for comfortably entertaining with plenty of space both indoors and out with a wrap-around deck, hot tub, spacious sundeck and meticulously maintained lawn. Enjoy quick and easy access to the bay and Indian River Inlet for a day on the water directly from your private boat dock. Desirably located on a quiet street in a North Bethany community with tennis courts and a marina, this is truly the epitome of coastal living.

Last Agent to Sell the Property

Leslie Kopp

Long & Foster Real Estate, Inc. License #RA-0003421 Listed on: 04/19/2018

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Grimly Foret

RE/MAX Elite License #RA-0030975

RE/MAX Elite

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,763

Year Built

  • Built in 1972

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 100x135x100x134
  • Home fronts navigable water
  • Landscaped
  • Sprinkler System
  • Zoning described as GENERAL RESIDENTIAL

HOA Fees

  • $145 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Architectural Shingle Roof
  • Rubber Roof
  • Shake Siding
  • Piling Construction
  • Stick Built Home
  • Cedar

Interior Spaces

  • 3,260 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Ceiling Fan
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Insulated Doors
  • Open Floorplan
  • Bay Views
  • Crawl Space
  • Attic

Kitchen

  • Electric Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Extra Refrigerator or Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal
  • Instant Hot Water

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 3 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • Attached Garage
  • Garage Door Opener
  • Circular Driveway
  • Stone Driveway
  • Off-Street Parking

Pool

  • Spa
  • Outdoor Shower

Outdoor Features

  • Water Access
  • Property near a bay
  • Bulkhead
  • Physical Dock Slip Conveys
  • 2 Dock Slips
  • Lake Privileges
  • Deck
  • Wrap Around Porch

Location

  • Flood Risk

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • 200+ Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 134-05.00-130.00

Community Details

Overview

  • Cotton Patch Hills Subdivision

Recreation

  • Boat Dock
  • Marina
  • Beach
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,763

Year Built

Built in 1972

Lot Details

0

HOA Fees

$145 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1972
  • Remarks Public: Timeless Bayfront home on idyllic Beach Cove with soaring windows to maximize panoramic views of the water, this impressive property boasts 100 feet of waterfront complete with a boat dock and is located just a short walk to the private community beach. Featuring a spacious open floorplan with 4 bedrooms and a second living room that could easily be a 5th bedroom, absolutely stunning views of the wide open bay are abundant from every room and updates such as maple hardwood floors upstairs and all bathrooms newly renovated. This home is perfect for comfortably entertaining with plenty of space both indoors and out with a wrap-around deck, hot tub, spacious sundeck and meticulously maintained lawn. Enjoy quick and easy access to the bay and Indian River Inlet for a day on the water directly from your private boat dock. Desirably located on a quiet street in a North Bethany community with tennis courts and a marina, this is truly the epitome of coastal living.
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Extra Refrigerator/Freezer, Icemaker, Refrigerator, Instant Hot Water, Microwave, Oven/Range - Electric, Oven - Self Cleaning, Washer, Water Heater
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Attic, Kitchen - Island, Combination Kitchen/Dining, Combination Kitchen/Living, Ceiling Fan(s), Window Treatments
  • Window Features: Insulated, Screens
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated
  • Foundation Details: Pilings, Crawl Space
  • Level Count: 2
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 3260
  • Living Area Sq Ft: 3260
  • Net Sq Ft: 3260.00
  • Price Per Sq Ft: 581.29
  • Above Grade Finished Sq Ft: 3260
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 29570

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Cedar, Shake Siding
  • Construction Completed: Yes
  • Exterior Features: Hot Tub, Lawn Sprinkler, Outside Shower
  • Roof: Architectural Shingle, Rubber
  • View: Bay
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage: Yes
  • Parking Features: Circular Driveway, Stone Driveway
  • Garage Features: Covered Parking, Garage Door Opener
  • Type Of Parking: Off Street, Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Wood Burn Stove, Forced Air, Heat Pump(s), Zoned
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1486.00
  • Water Source: Private

Condo/Co-op/Association

  • HOA Fees: 1735.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Boat Dock/Slip, Marina/Marina Club, Tennis Courts, Water/Lake Privileges
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Features: Bulkheaded, Landscaping
  • Lot Size Acres: 0.31
  • Lot Dimensions: 100x135x100x134
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13504.00
  • Outdoor Living Structures: Deck(s), Wrap Around
  • Zoning: RESIDENTIAL
  • Zoning Description: GENERAL RESIDENTIAL
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5122816
  • Assessor Parcel Number: 134-05.00-130.00
  • County Tax Payment Frequency: Annually
  • Close Date: 09/10/2018

Multi Family

  • Dock Slip Conveyance: Physical Dock/Slip Conveys

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2021
Sold by
Delaware House Trust
Bought by
Delaware House Trust
Total Days on Market
99
Current Estimated Value
$1,813,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,384,500
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 19, 2018
Closed on
Sep 10, 2018
Sold by
Harold A & D R Gray Ret
Bought by
Delaware House T
Seller's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
Buyer's Agent
Grimly Foret
RE/MAX Elite
List Price
$1,895,000
Sold Price
$1,725,000
Premium/Discount to List
-$170,000
-8.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.74%
Original Mortgage
$1,293,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2015
Sold by
Gray Donna R and Gray Harold A
Bought by
H A Gray And D R Gray Joint Rev Tr
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
Delaware House Trust -- Mortgage Connect Lp
Delaware House T $1,725,000 --
H A Gray And D R Gray Joint Rev Tr -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Delaware House Trust $1,384,500
Previous Owner Delaware House T $1,293,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2018 09/10/18 Sold $1,725,000 -9.0% $529 / Sq Ft
07/27/2018 07/27/18 Pending -- -- --
04/19/2018 04/19/18 For Sale $1,895,000 -- $581 / 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 $1,763 $42,650 $16,800 $25,850
2023 $1,762 $42,650 $16,800 $25,850
2022 $1,733 $42,650 $16,800 $25,850
2021 $1,681 $42,650 $16,800 $25,850
2020 $1,565 $42,650 $16,800 $25,850
2019 $1,597 $42,650 $16,800 $25,850
2018 $1,637 $42,650 $0 $0
2017 $1,626 $42,650 $0 $0
2016 $1,457 $42,650 $0 $0
2015 $1,477 $42,650 $0 $0
2014 $1,504 $42,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001572694

Bright MLS

APN: 134-05.00-130.00