NOT LISTED FOR SALE

33548 Market Place Unit 402S Bethany Beach, DE 19930

1 Bed
1.5 Baths
725 Sq Ft
$664/mo HOA Fee

Last Sold January 29, 2021

Last sale price $425,000 $586 Per Sq Ft

2 Days on Market

Highlights

  • Ocean Front
  • Beach
  • Water Access
  • Lord Baltimore Elementary School Rated A-
  • Private Beach
  • Private Beach Club

About This Home

As of January 2021

Sea Colony One Bedroom with one and one-half baths. Point of building location offering one of the community's broadest and best ocean views. Successful vacation rental with over $28,000 in rental income this past summer. Offered fully furnished "turn-key" and completely ready for either your weekend get-a-ways or the busy summer rental season.

Last Agent to Sell the Property

William Hand

Long & Foster Real Estate, Inc. License #RA-0020486 Listed on: 12/09/2020

Long & Foster Real Estate, Inc.

Last Buyer's Agent

William Hand

Long & Foster Real Estate, Inc. License #RA-0020486 Listed on: 12/09/2020

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $732

Year Built

  • Built in 1972

Lot Details

  • Ocean Front
  • Home fronts navigable water
  • Private Beach
  • West Facing Home
  • Land Lease of $2,000 per year expires in 51 years
  • Ground Rent expires in 51 years
  • Property is in very good condition

HOA Fees

Parking

  • Assigned Parking Garage Space

Home Design

  • Metal Roof
  • Stone Siding
  • Composite Building Materials

Interior Spaces

  • 725 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Combination Dining and Living Room
  • Ceramic Tile Flooring
  • Security Gate

Bedrooms and Bathrooms

  • 1 Main Level Bedroom

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Lake Privileges
  • Balcony

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 17.00
  • Assessor Parcel Number 134-17.00-56.02-402S

Community Details

Overview

  • $4,000 Capital Contribution Fee
  • Association fees include bus service, cable TV, common area maintenance, exterior building maintenance, high speed internet, lawn maintenance, management, reserve funds, road maintenance, security gate, snow removal, trash, water
  • 88 Units
  • 3 Elevators
  • Sea Colony East Phase 2 HOA, Phone Number (302) 541-8831
  • High-Rise Condominium
  • Built by Carl M. Freeman Associates
  • Sea Colony Dover Community
  • Sea Colony East Subdivision
  • Property Manager

Amenities

  • Transportation Service
  • Sauna
  • Community Center
  • Meeting Room

Recreation

  • Beach
  • Private Beach Club
  • Tennis Courts
  • Indoor Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Indoor Pool
  • Heated Community Pool
  • Saltwater Community Pool
  • Community Spa
  • Jogging Path

Security

  • 24-Hour Security
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$732

Year Built

Built in 1972

Lot Details

0

HOA Fees

$664 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Land Lease
  • Exclusions: All art work and wall hangings, sheets & towels and contents of closets.
  • Historic: No
  • Home Warranty: No
  • Inclusions: Sold Furnished
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-12-10
  • Federal Flood Zone: Yes
  • Year Built: 1972
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Sea Colony One Bedroom with one and one-half baths. Point of building location offering one of the community's broadest and best ocean views. Successful vacation rental with over $28,000 in rental income this past summer. Offered fully furnished "turn-key" and completely ready for either your weekend get-a-ways or the busy summer rental season.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 4
  • Flooring Type: Ceramic Tile
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Flat
  • Fireplace: No
  • Elevators Count: 3
  • Wall Ceiling Types: Dry Wall
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Room Count: 6
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 725
  • Living Area Sq Ft: 725
  • Price Per Sq Ft: 572.41
  • Above Grade Finished Sq Ft: 725
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 402

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Composition, Stone
  • Exterior Features: Private Beach, Sidewalks, Street Lights
  • Roof: Metal
  • Spa: No
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: No
  • Garage Features: Covered Parking
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: 24 Hour Security, Security Gate
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 618.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1375.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Beach, Beach Club, Cable, Community Center, Exercise Room, Fitness Center, Gated Community, Hot Tub, Jog/Walk Path, Meeting Room, Pool - Indoor, Pool - Outdoor, Sauna, Security, Spa, Tennis - Indoor, Tennis Courts, Tot Lots/Playground, Transportation Service, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Bus Service, Cable Tv, Common Area Maintenance, Ext Bldg Maint, High Speed Internet, Lawn Maintenance, Management, Reserve Funds, Road Maintenance, Security Gate, Snow Removal, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA Name: SEA COLONY EAST PHASE 2
  • HOA Phone: 302-541-8831
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: Heated, Indoor, Saltwater

Fee Information

  • Capital Contribution Fee: 4000.00

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Land Lease Amount: 2000.00
  • Land Lease Amt Freq: Annually
  • Land Lease Years Remaining: 51
  • Land Use Code: RC
  • Lot Size Acres: 7.01
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 305356.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: AR-1
  • In City Limits: No

Building Info

  • Builder Name: Carl M. Freeman Associates

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: Yes
  • Ground Rent Years Remaining: 51
  • Lease Considered: No
  • Total Actual Rent: 28000.00
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5115660
  • School Tax: 645.00
  • Tax Annual Amount: 732.00
  • Assessor Parcel Number: 134-17.00-56.02-402S
  • Tax Lot: 17.00
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 01/29/2021

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: INDIAN RIVER

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2021 01/29/21 Sold $425,000 +2.4% $586 / Sq Ft
12/12/2020 12/12/20 Pending -- -- --
12/09/2020 12/09/20 For Sale $415,000 -- $572 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU174456

Bright MLS