NOT LISTED FOR SALE

32081 Surf Rd Bethany Beach, DE 19930

Estimated Value: $633,338 - $8,645,000

5 Beds
5 Baths
3,000 Sq Ft
$1,345/Sq Ft Est. Value

Last Sold September 09, 2016

Last sale price $4,000,000 $1,333 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $26,788/month

24 Days on Market

Highlights

  • Ocean View
  • Beach
  • Coastal Architecture
  • Lord Baltimore Elementary School Rated A-
  • Water Access
  • Deck

About This Home

As of September 2016

Classic ocean front cottage in Sussex Shores, one of the most desirable addresses on the Delaware coast. Adjacent to the town of Bethany on a private beach with 80 feet of pristine ocean frontage, this sought after location offers seclusion and the convenience of being just a short walk into town. Adored by one family, this home offers endless possibilities which include renovation or complete re-build.

Last Agent to Sell the Property

Leslie Kopp

(302) 542-3917 leslie@lesliekopp.com Long & Foster Real Estate, Inc. License #RA-0003421 Listed on: 04/08/2016

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Leslie Kopp

(302) 542-3917 leslie@lesliekopp.com Long & Foster Real Estate, Inc. License #RA-0003421 Listed on: 04/08/2016

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1958

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 80x120
  • Zoning described as GENERAL RESIDENTIAL

HOA Fees

  • $150 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Cottage
  • Block Foundation
  • Architectural Shingle Roof
  • HardiePlank Type
  • Stick Built Home

Interior Spaces

  • 3,000 Sq Ft Home
  • Property has 3 Levels
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Open Floorplan
  • Ocean Views

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • Attached Garage
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near an ocean
  • Deck
  • Screened Patio
  • Porch

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 134-13.16-14.00

Community Details

Overview

  • Sussex Shores Subdivision

Recreation

  • Beach

Security

  • Security Guard

Home Details

Home Type

Single Family

Year Built

Built in 1958

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Cottage
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1958
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Extra Refrigerator/Freezer, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Range Hood, Washer, Water Heater
  • Flooring Type: Carpet, Hardwood, Tile/Brick
  • Interior Amenities: Breakfast Area, Kitchen - Island, Combination Kitchen/Dining, Combination Kitchen/Living
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Level Count: 3
  • Levels Count: 3+
  • 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: 1400.00
  • Above Grade Finished Sq Ft: 3000
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Hardiplank Type
  • Construction Completed: Yes
  • Exterior Features: Outside Shower
  • Roof: Architectural Shingle
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage: Yes
  • Parking Features: Gravel Driveway
  • Type Of Parking: Off Street, Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Wood Burn Stove, Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 268.00
  • Water Source: Private

Condo/Co-op/Association

  • HOA Fees: 1800.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Security
  • HOA: Yes
  • Association Recreation Fee: No

Lot Info

  • Lot Size Acres: 0.24
  • Lot Dimensions: 80x120
  • Lot Size Units: Acres
  • Lot Sq Ft: 10454.00
  • Outdoor Living Structures: Deck(s), Porch(es), Screened
  • Zoning Description: GENERAL RESIDENTIAL

Building Info

  • Building Features: Guard System

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5109058
  • Assessor Parcel Number: 134-13.16-14.00
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2016
Closed on
Sep 6, 2016
Sold by
Compton Associates Lp
Bought by
Phelps Joanne M and Phelps John H
Seller's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
Buyer's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
List Price
$4,200,000
Sold Price
$4,000,000
Premium/Discount to List
-$200,000
-4.76%
Current Estimated Value
$4,944,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$944,000
Avg. Annual Appreciation
0.09%
Original Mortgage
$2,800,000
Outstanding Balance
$2,237,969
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$1,797,477

Purchase Details

Closed on
Oct 30, 1996
Bought by
Compton Associates Lp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Phelps Joanne M -- None Available
Compton Associates Lp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phelps Joanne M $2,800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2016 09/09/16 Sold $4,000,000 -4.8% $1,333 / Sq Ft
05/02/2016 05/02/16 Pending -- -- --
04/08/2016 04/08/16 For Sale $4,200,000 -- $1,400 / 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 $12,498 $53,050 $31,350 $21,700
2024 $4,505 $53,050 $31,350 $21,700
2023 $4,500 $53,050 $31,350 $21,700
2022 $4,427 $53,050 $31,350 $21,700
2021 $4,295 $53,050 $31,350 $21,700
2020 $4,050 $53,050 $31,350 $21,700
2019 $4,080 $53,050 $31,350 $21,700
2018 $2,006 $53,050 $0 $0
2017 $2,022 $53,050 $0 $0
2016 $2,009 $53,050 $0 $0
2015 $2,063 $53,050 $0 $0
2014 $2,036 $53,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001016002

Bright MLS

APN: 134-13.16-14.00