NOT LISTED FOR SALE

29627 S Cotton Way Bethany Beach, DE 19930

Estimated Value: $262,947 - $2,859,000

5 Beds
4 Baths
2,720 Sq Ft
$667/Sq Ft Est. Value

Last Sold October 19, 2018

Last sale price $2,990,785 $1,100 Per Sq Ft

Est. 39% decrease in value since last sale

Current estimated payment $10,621/month

Highlights

  • 80 Feet of Waterfront
  • Marina
  • Primary bedroom faces the ocean
  • Lord Baltimore Elementary School Rated A-
  • Ocean View
  • Boat Ramp

About This Home

As of October 2018

Classic coastal architecture defines this oceanfront property which boasts sweeping 180-degree panoramic views of the Atlantic Ocean from both interior and exterior living spaces. The private beach, accessed by a direct walkway, is simply steps away from this timeless home which has been owned by one family and never rented. Two spacious oceanfront decks provide plenty of room for dining al fresco, watching beautiful sunsets, and simply relaxing to the sounds of the quiet beach and waves. Inside, the craftsmanship of this home is evident with its exposed beam ceilings, knotty pine walls, custom cabinetry, and massive stone fireplace perfect for building cozy fires on chilly evenings. Four of the five bedrooms overlook the ocean for beautiful morning sunrises. A first-floor mudroom is an ideal place to leave sand and water toys after an outside shower following a day at the beach. The huge garages provide plenty of storage space and room for up to 10 vehicles to park in large driveway. The community of Cotton Patch Hills is the only North Bethany community to offer access to both the bay and the beach. Boat ramp and slips are offered as available at the private marina on the bay side and community tennis courts provide outdoor fun. This exceptional home is located close to downtown Bethany Beach, a low-key coastal town with stylish shops, gourmet restaurants, healthy outdoor activities, and live entertainment. Enjoy the convenience of exploring nearby Fenwick Island, Dewey & Rehoboth Beach and Lewes while returning at the end of the day to your own private oceanfront enclave to relax and rejuvenate.

Last Agent to Sell the Property

Kathleen Schell

(302) 841-0549 kathleen.Schell@oasir.net Monument Sotheby's International Realty Listed on: 07/10/2018

Monument Sotheby's International Realty

Co-Listed By

Justin Healy

(302) 542-6610 justin.healy@oasir.net Monument Sotheby's International Realty License #RB-0003444

Last Buyer's Agent

Leslie Kopp

(302) 542-3917 leslie@lesliekopp.com Long & Foster Real Estate, Inc. License #RA-0003421

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,348

Year Built

  • Built in 1987

Lot Details

  • 0.28 Acre Lot
  • 80 Feet of Waterfront
  • Home fronts navigable water
  • Private Beach
  • Cul-De-Sac

HOA Fees

  • $142 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 8 Open Parking Spaces
  • Front Facing Garage
  • Garage Door Opener
  • Stone Driveway
  • Parking available for a boat

Property Views

  • Ocean
  • Panoramic

Home Design

  • Coastal Architecture
  • Wood Walls
  • Frame Construction
  • Shake Roof
  • Shingle Roof
  • Wood Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction
  • Copper Plumbing
  • Cedar

Interior Spaces

  • 2,720 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Partially Furnished
  • Built-In Features
  • Bar
  • Beamed Ceilings
  • Wood Ceilings
  • Ceiling Fan
  • Wood Burning Fireplace
  • Screen For Fireplace
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Sliding Doors
  • Insulated Doors
  • Mud Room
  • Great Room
  • Family Room Off Kitchen
  • Sitting Room
  • Dining Room
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Extra Refrigerator or Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • Primary bedroom faces the ocean
  • En-Suite Primary Bedroom
  • Cedar Closet
  • Walk-In Closet

Laundry

  • Laundry on upper level
  • Electric Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Access to Tidal Water
  • Private Water Access
  • Property is near an ocean
  • Boat or Launch Ramp
  • Private Dock Site
  • Powered Boats Permitted
  • Tennis Courts
  • Deck

Location

  • Flood Risk

Utilities

  • Zoned Heating and Cooling System
  • Heat Pump System
  • 120/240V
  • Propane
  • 60+ Gallon Tank
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot -270.00
  • Assessor Parcel Number 134-05.00-270.00

Community Details

Overview

  • Association fees include common area maintenance, management, pier/dock maintenance, road maintenance
  • Built by Frank Rickards
  • Cotton Patch Hills Subdivision
  • Property Manager

Recreation

  • Boat Ramp
  • Boat Dock
  • Marina
  • Beach
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,348

Year Built

Built in 1987

Lot Details

0

HOA Fees

$142 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1987
  • Remarks Public: Classic coastal architecture defines this oceanfront property which boasts sweeping 180-degree panoramic views of the Atlantic Ocean from both interior and exterior living spaces. The private beach, accessed by a direct walkway, is simply steps away from this timeless home which has been owned by one family and never rented. Two spacious oceanfront decks provide plenty of room for dining al fresco, watching beautiful sunsets, and simply relaxing to the sounds of the quiet beach and waves. Inside, the craftsmanship of this home is evident with its exposed beam ceilings, knotty pine walls, custom cabinetry, and massive stone fireplace perfect for building cozy fires on chilly evenings. Four of the five bedrooms overlook the ocean for beautiful morning sunrises. A first-floor mudroom is an ideal place to leave sand and water toys after an outside shower following a day at the beach. The huge garages provide plenty of storage space and room for up to 10 vehicles to park in large driveway. The community of Cotton Patch Hills is the only North Bethany community to offer access to both the bay and the beach. Boat ramp and slips are offered as available at the private marina on the bay side and community tennis courts provide outdoor fun. This exceptional home is located close to downtown Bethany Beach, a low-key coastal town with stylish shops, gourmet restaurants, healthy outdoor activities, and live entertainment. Enjoy the convenience of exploring nearby Fenwick Island, Dewey & Rehoboth Beach and Lewes while returning at the end of the day to your own private oceanfront enclave to relax and rejuvenate.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Dryer - Electric, Icemaker, Microwave, Oven/Range - Electric, Refrigerator, Washer, Range Hood, Extra Refrigerator/Freezer
  • Flooring Type: Partially Carpeted
  • Interior Amenities: Bar, Breakfast Area, Built-Ins, Carpet, Cedar Closet(s), Ceiling Fan(s), Dining Area, Exposed Beams, Family Room Off Kitchen, Floor Plan - Open, Primary Bedroom - Ocean Front, Walk-In Closet(s), Window Treatments, Wood Floors
  • Window Features: Insulated, Screens
  • Fireplace Features: Wood, Screen
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated, Sliding Glass
  • Wall Ceiling Types: Beamed Ceilings, Wood Ceilings, Wood Walls
  • Foundation Details: Pilings
  • Levels Count: 3+
  • Room List: Dining Room, Primary Bedroom, Sitting Room, Kitchen, Great Room, Mud Room, Additional Bedroom
  • Basement: No
  • Laundry Type: Upper Floor
  • Total Sq Ft: 2720
  • Living Area Sq Ft: 2720
  • Price Per Sq Ft: 1194.85
  • Above Grade Finished Sq Ft: 2720
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 29627

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 2
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Block, Cedar, Copper Plumbing, Shake Siding, Wood Siding
  • Exterior Features: Boat Storage, Outside Shower, Tennis Court(s), Private Beach
  • Roof: Shake, Shingle, Wood
  • Spa: No
  • View: Ocean, Panoramic, Water
  • Water Access Features: Private Access, Boat - Powered
  • 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: 80

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 8
  • Parking Features: Stone Driveway
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 10
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 120/240V
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s), Zoned
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Phone, Propane, Electric Available
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 1700.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Boat Dock/Slip, Tennis Courts, Boat Ramp, Marina/Marina Club
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pier/Dock Maintenance, Road Maintenance
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Features: Cul-De-Sac
  • Lot Size Acres: 0.28
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12297.00
  • Outdoor Living Structures: Deck(s)
  • Zoning: L
  • Zoning Description: Residential
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Building Info

  • Builder Name: Frank Rickards

Rental Info

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

Tax Info

  • Assessor Parcel Number: 5123028
  • School Tax: 2074.00
  • Tax Annual Amount: 2348.00
  • Assessor Parcel Number: 134-05.00-270.00
  • Tax Lot: -270.00
  • Tax Page Number: 38
  • Tax Total Finished Sq Ft: 464
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 10/19/2018

Multi Family

  • Federal Flood Zone: Zone VE
  • Waterfront Features: Boat/Launch Ramp, Private Dock Site

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 14, 2020
Sold by
Barth-Cohen Edward
Bought by
Qprt Edward B Cohen 2020
Current Estimated Value
$1,814,649

Purchase Details

Listed on
Jul 10, 2018
Closed on
Oct 19, 2018
Sold by
Baker James P and Baker Joseph J
Bought by
Cohen Edward B
Seller's Agent
Kathleen Schell
Monument Sotheby's International Realty
Buyer's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
List Price
$3,250,000
Sold Price
$2,990,785
Premium/Discount to List
-$259,215
-7.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.96%

Purchase Details

Closed on
May 23, 1984
Bought by
Baker James P Jennifer Baker Moore
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Qprt Edward B Cohen 2020 -- None Available
Cohen Edward B $2,990,785 --
Baker James P Jennifer Baker Moore $325,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2018 10/19/18 Sold $2,990,785 -8.0% $1,100 / Sq Ft
09/04/2018 09/04/18 Pending -- -- --
07/28/2018 07/28/18 For Sale $3,250,000 0.0% $1,195 / Sq Ft
07/17/2018 07/17/18 Pending -- -- --
07/10/2018 07/10/18 For Sale $3,250,000 -- $1,195 / 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
2025 $10,757 $61,600 $32,800 $28,800
2024 $2,650 $61,600 $32,800 $28,800
2023 $2,648 $61,600 $32,800 $28,800
2022 $2,503 $61,600 $32,800 $28,800
2021 $2,428 $61,600 $32,800 $28,800
2020 $2,317 $61,600 $32,800 $28,800
2019 $2,307 $61,600 $32,800 $28,800
2018 $2,329 $61,600 $0 $0
2017 $2,348 $61,600 $0 $0
2016 $2,069 $61,600 $0 $0
2015 $2,133 $61,600 $0 $0
2014 $2,101 $61,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002017670

Bright MLS

APN: 134-05.00-270.00