$1,150,000
SOLD AUG 23, 2023

29583 Cove Way Bethany Beach, DE 19930

5 Beds
3 Baths
983 Sq Ft
0.27 Acres

Recently Sold

$1,170 Per Sq Ft

2% Above List Price

1 Day on Market

Highlights

  • Marina
  • Boat Ramp
  • Home fronts navigable water
  • Lord Baltimore Elementary School Rated A-
  • 1 Boat Dock
  • Canoe or Kayak Water Access

About This Home

As of August 2023

Just what you have been waiting for……. The perfect beach house with a private community beach just steps from the Atlantic shoreline. Coastal design in Cotton Patch Hills West with wide open floor-plan allowing seamless transitions from the indoor and outdoor living spaces. 5 bedroom and 3 full bathrooms on 2 levels with large sunroom and west facing, spacious wrap-around sun deck. (spectacular sunsets included) Renovated kitchen and baths, updated systems, newer roof, beautiful hardwood flooring and loads of natural light filling every corner of this beautifully decorated home. (offered furnished with limited exclusions) There’s nothing like an outdoor shower at the beach…. add an oversized swim/spa with sun deck and a game of corn hole in the large (beautifully landscaped) yard…..you will never want to leave. Community tennis (and pickle ball) courts, kayak launch and boat slips (available for rent) at the community pier overlooking Beach Cove and the Indian River Bay. Your elusive and affordable beach house awaits….dreams do come true!

Last Agent to Sell the Property

Jay Kramer

Coldwell Banker Realty License #RS-0018724 Listed on: 06/12/2023

Coldwell Banker Realty

Last Buyer's Agent

Christine McCoy

Coldwell Banker Realty License #RA0031081

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,317

Year Built

  • Built in 1974

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 100.00 x 120.00
  • Home fronts navigable water
  • Partially Fenced Property
  • Property is in excellent condition
  • Property is zoned MR

HOA Fees

  • $202 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Asphalt Roof
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 983 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Window Treatments
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Bay Views
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Electric Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • 6 Driveway Spaces

Pool

  • Heated Spa
  • Outdoor Shower

Outdoor Features

  • Canoe or Kayak Water Access
  • Private Water Access
  • Property near a bay
  • 1 Boat Dock
  • Deck
  • Screened Patio
  • Wood or Metal Shed
  • Outbuilding
  • Porch

Location

  • Flood Risk
  • Bayside

Utilities

  • Forced Air Heating and Cooling System
  • Ductless Heating Or Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 29
  • Assessor Parcel Number 134-05.00-136.00

Community Details

Overview

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

Recreation

  • Boat Ramp
  • Boat Dock
  • 10 Community Slips
  • 1 Community Docks
  • Marina
  • Beach
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,317

Year Built

Built in 1974

Lot Details

0

HOA Fees

$202 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2023-06-16
  • Federal Flood Zone: Yes
  • Year Built: 1974
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, Washer, Water Heater
  • Flooring Type: Wood, Carpet
  • Interior Amenities: Ceiling Fan(s), Entry Level Bedroom, Floor Plan - Open, Kitchen - Island, Primary Bath(s), Whirlpool/Hottub, Window Treatments, Walk-In Closet(s)
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Pilings, Crawl Space
  • Levels Count: 2
  • Room Count: 9
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Sun/Florida Room, Laundry, Additional Bedroom
  • Basement: No
  • Total Sq Ft: 983
  • Living Area Sq Ft: 983
  • Price Per Sq Ft: 1144.46
  • Above Grade Finished Sq Ft: 983
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 29583

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed, Wood/Metal Shed
  • Construction Materials: Stick Built
  • Exterior Features: Outbuilding(s), Hot Tub, Outside Shower
  • Roof: Shingle, Asphalt
  • Spa Features: Heated, Private
  • Spa: Yes
  • View: Bay
  • Water Access Features: Canoe/Kayak, Private Access
  • Water Access: Yes
  • Water Body Name: Indian River Bay & Beach Cove
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ductless/Mini-Split
  • Heating Fuel: Electric
  • Heating Type: Wood Burn Stove, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

  • HOA Fees: 2422.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Boat Ramp, Boat Dock/Slip, Marina/Marina Club, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management
  • HOA Name: COTTON PATCH HILLS
  • HOA: Yes
  • Senior Community: No

Schools

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

Lot Info

  • Fencing: Partially
  • Land Use Code: 999
  • Lot Size Acres: 0.27
  • Lot Dimensions: 100.00 x 120.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11761.00
  • Outdoor Living Structures: Deck(s), Porch(es), Screened
  • Property Condition: Excellent
  • Year Assessed: 2022
  • Zoning: MR
  • In City Limits: No

Rental Info

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

Tax Info

  • School Tax: 1172.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1317.00
  • Assessor Parcel Number: 134-05.00-136.00
  • Tax Lot: 29
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 08/23/2023

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2023
Closed on
Aug 23, 2023
Sold by
Ercole Robert M and Ercole Maureen M
Bought by
Mathis Vincent Winslow and Mathis Katherine Smith
Seller's Agent
Jay Kramer
Coldwell Banker Realty
Buyer's Agent
Christine McCoy
Coldwell Banker Realty
List Price
$1,125,000
Sold Price
$1,150,000
Premium/Discount to List
$25,000
2.22%
Views
47
Current Estimated Value
$1,163,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,328
Avg. Annual Appreciation
4.12%

Purchase Details

Listed on
Sep 5, 2012
Closed on
Mar 28, 2013
Sold by
Pennybob Llc
Bought by
Ercole Robert M and Ercole Maureen M
Seller's Agent
MICKEY DOWNES
Coldwell Banker Realty
Buyer's Agent
Ann Raskauskas
BETHANY AREA REALTY LLC
List Price
$630,000
Sold Price
$630,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.95%
Original Mortgage
$504,000
Interest Rate
3.55%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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 $1,150,000 None Listed On Document
Deed $630,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $393,000 Adjustable Rate Mortgage/ARM
Previous Owner $504,000 New Conventional
Previous Owner $504,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2023 08/23/23 Sold $1,150,000 +2.2% $1,170 / Sq Ft
06/12/2023 06/12/23 For Sale $1,125,000 +78.6% $1,144 / Sq Ft
03/27/2013 03/27/13 Sold $630,000 0.0% --
01/24/2013 01/24/13 Pending -- -- --
09/05/2012 09/05/12 For Sale $630,000 -- --
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 $1,340 $32,400 $9,800 $22,600
2023 $1,338 $32,400 $9,800 $22,600
2022 $1,317 $32,400 $9,800 $22,600
2021 $1,277 $32,400 $9,800 $22,600
2020 $1,219 $32,400 $9,800 $22,600
2019 $1,213 $32,400 $9,800 $22,600
2018 $1,225 $32,400 $0 $0
2017 $1,235 $32,400 $0 $0
2016 $1,088 $32,400 $0 $0
2015 $1,075 $32,400 $0 $0
2014 $1,059 $31,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2042406

Bright MLS

APN: 134-05.00-136.00