NOT LISTED FOR SALE

38358 Virginia Dr Bethany Beach, DE 19930

Estimated Value: $546,470 - $1,203,000

5 Beds
3.5 Baths
4,500 Sq Ft
$223/Sq Ft Est. Value

Last Sold December 02, 2022

Last sale price $1,100,000 $244 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $5,066/month

191 Days on Market

Highlights

  • 80 Feet of Waterfront
  • Fitness Center
  • Gated Community
  • Lord Baltimore Elementary School Rated A-
  • Water Oriented
  • Pond View

About This Home

As of December 2022

This impeccable 5 bedroom, 3.5 bath fully furnished home is situated on a premium lot that overlooks a large pond with a water feature. With easy proximity to the Town of Bethany, beaches, restaurants and shopping , this home is in one of the premiere communities the area has to offer. The home has been enjoyed by the owners for many years and reflects a high level of detail and upgrades throughout. It offers plenty of room to entertain with the addition of a large 4 season room that overlooks the scenic pond views. The oversized paver patio & views will lend itself to a lovely al fresco dining area for all to enjoy! As you enter the foyer there is a grand staircase, formal dining room on one side and an office/den off the other side.
Hardwood floors throughout the first floor. Gourmet kitchen with stainless steel appliances and gas stove. A "morning room" overlooking the large community pond, bridge and gazebo. The outdoor spaces feature an abundance of extensive pavers with a terrace and patio with mesmerizing views and impeccably maintained landscaping. Features of the home are too numerous to detail specifically but it is "turn key" and ready for you to move in! . If you are looking for the perfect home...this is it! This amenity rich community offers, swimming pool, tennis courts, club house and walking paths over the exclusive bridge that crosses the large pond. A new roof -2022, lawn maintenance included in HOA, and an encapsulated crawl space with dehumidifier.

Last Agent to Sell the Property

Kathy Goodman

RE/MAX Coastal License #RS-0012034 Listed on: 04/26/2022

RE/MAX Coastal

Last Buyer's Agent

Robert Greason

Coldwell Banker Realty License #RS-0022016

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,477

Year Built

  • Built in 2004

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 80.00 x 130.00
  • 80 Feet of Waterfront
  • North Facing Home
  • Stone Retaining Walls
  • Landscaped
  • Extensive Hardscape
  • Premium Lot
  • Property is in excellent condition
  • Property is zoned MR

HOA Fees

  • $367 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 4 Driveway Spaces
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Garage Door Opener
  • Brick Driveway

Home Design

  • Coastal Architecture
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Stick Built Home

Interior Spaces

  • 4,500 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Dual Staircase
  • Built-In Features
  • Crown Molding
  • Tray Ceiling
  • Two Story Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace With Glass Doors
  • Fireplace Mantel
  • Gas Fireplace
  • Window Treatments
  • French Doors
  • Sliding Doors
  • Insulated Doors
  • Family Room Off Kitchen
  • Formal Dining Room
  • Pond Views
  • Crawl Space
  • Attic

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Gas Oven or Range
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • Soaking Tub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Security Gate
  • Exterior Cameras
  • Fire and Smoke Detector

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Water Oriented
  • Property is near a pond
  • Pond
  • Enclosed Patio or Porch
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Back Up Gas Heat Pump System
  • Community Propane
  • Propane Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 80
  • Assessor Parcel Number 134-13.00-2154.00

Community Details

Overview

  • $2,000 Capital Contribution Fee
  • Association fees include common area maintenance, lawn care front, lawn care rear, lawn care side, lawn maintenance, pool(s), recreation facility, reserve funds, security gate, snow removal, trash
  • Bethany Lakes Subdivision
  • Property Manager

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Jogging Path

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,477

Year Built

Built in 2004

Lot Details

0

HOA Fees

$367 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Exclusions: Owner's personal belongings in closets and drawers. Contents in garage.
  • Home Warranty: No
  • Inclusions: Sold Furnished with exceptions of Owner's personal belongings in Bedroom closets & drawers. Contents in garage do not convey.
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-04-27
  • Federal Flood Zone: No
  • Year Built: 2004
  • Automatically Close On Close Date: No
  • Remarks Public: This impeccable 5 bedroom, 3.5 bath fully furnished home is situated on a premium lot that overlooks a large pond with a water feature. With easy proximity to the Town of Bethany, beaches, restaurants and shopping , this home is in one of the premiere communities the area has to offer. The home has been enjoyed by the owners for many years and reflects a high level of detail and upgrades throughout. It offers plenty of room to entertain with the addition of a large 4 season room that overlooks the scenic pond views. The oversized paver patio & views will lend itself to a lovely al fresco dining area for all to enjoy! As you enter the foyer there is a grand staircase, formal dining room on one side and an office/den off the other side. Hardwood floors throughout the first floor. Gourmet kitchen with stainless steel appliances and gas stove. A "morning room" overlooking the large community pond, bridge and gazebo. The outdoor spaces feature an abundance of extensive pavers with a terrace and patio with mesmerizing views and impeccably maintained landscaping. Features of the home are too numerous to detail specifically but it is "turn key" and ready for you to move in! . If you are looking for the perfect home...this is it! This amenity rich community offers, swimming pool, tennis courts, club house and walking paths over the exclusive bridge that crosses the large pond. A new roof -2022, lawn maintenance included in HOA, and an encapsulated crawl space with dehumidifier.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Gas, Refrigerator, Washer, Water Heater, Icemaker
  • Flooring Type: Hardwood, Partially Carpeted, Ceramic Tile
  • Interior Amenities: Additional Stairway, Attic, Butlers Pantry, Built-Ins, Ceiling Fan(s), Combination Kitchen/Dining, Crown Moldings, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Kitchen - Eat-In, Kitchen - Island, Pantry, Walk-In Closet(s), Window Treatments, Wood Floors, Floor Plan - Open, Formal/Separate Dining Room, Primary Bath(s), Recessed Lighting, Soaking Tub, Upgraded Countertops
  • Fireplace Features: Fireplace - Glass Doors, Gas/Propane, Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Sliding Glass, Insulated, French
  • Wall Ceiling Types: Dry Wall, 9'+ Ceilings, 2 Story Ceilings, Tray Ceilings
  • Foundation Details: Concrete Perimeter, Crawl Space
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 4500
  • Living Area Sq Ft: 4500
  • Price Per Sq Ft: 259.00
  • Above Grade Finished Sq Ft: 4500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38358

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 5
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 4.00
  • Main Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Vinyl Siding, Stick Built
  • Exterior Features: Extensive Hardscape, Exterior Lighting, Stone Retaining Walls
  • Road Surface Type: Black Top, Paved
  • Roof: Architectural Shingle
  • View: Pond
  • Water Access: No
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes
  • Water Frontage In Feet: 80

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Brick Driveway
  • Garage Features: Garage - Front Entry, Garage Door Opener, Additional Storage Area
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric, Propane - Metered
  • Heating Type: Central, Heat Pump - Gas Backup
  • Heating: Yes
  • Hot Water: Propane
  • Security: Security Gate, Smoke Detector, Exterior Cameras
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Propane - Community
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 1100.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Club House, Common Grounds, Exercise Room, Gated Community, Jog/Walk Path, Pool - Outdoor, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Pool(s), Recreation Facility, Reserve Funds, Security Gate, Snow Removal, Trash
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Capital Contribution Fee: 2000.00

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 56600.00
  • Land Assessed Value: 6250.00
  • Land Use Code: RS
  • Lot Features: Landscaping, Pond, Premium
  • Lot Size Acres: 0.23
  • Lot Dimensions: 80.00 x 130.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10019.00
  • Outdoor Living Structures: Patio(s), Enclosed
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: MR
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5107587
  • School Tax: 2198.00
  • Tax Annual Amount: 2477.00
  • Assessor Parcel Number: 134-13.00-2154.00
  • Tax Lot: 80
  • Tax Total Finished Sq Ft: 1467
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 12/02/2022

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2022
Closed on
Dec 2, 2022
Sold by
Massey Michael H
Bought by
Wilbert Richard
Seller's Agent
Kathy Goodman
RE/MAX Coastal
Buyer's Agent
Robert Greason
Coldwell Banker Realty
List Price
$1,325,000
Sold Price
$1,100,000
Premium/Discount to List
-$225,000
-16.98%
Views
141
Current Estimated Value
$823,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$276,527
Avg. Annual Appreciation
-3.24%

Purchase Details

Listed on
Sep 16, 2011
Closed on
Feb 28, 2012
Sold by
Phyllis Phyllis
Bought by
Massey Michael H and Massey Sandra M
Seller's Agent
Derek Eisenberg
Continental Real Estate Group
Buyer's Agent
Kathy Goodman
RE/MAX Coastal
List Price
$599,000
Sold Price
$575,000
Premium/Discount to List
-$24,000
-4.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.21%
Original Mortgage
$40,000
Interest Rate
3.99%

Purchase Details

Listed on
Sep 16, 2011
Closed on
Feb 24, 2012
Sold by
Phyllis Phyllis
Bought by
Massey Michael H and Massey Sandra M
Seller's Agent
Derek Eisenberg
Continental Real Estate Group
Buyer's Agent
Kathy Goodman
RE/MAX Coastal
List Price
$599,000
Sold Price
$575,000
Premium/Discount to List
-$24,000
-4.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
3.99%
Source: Public Records

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
Wilbert Richard $1,100,000 --
Massey Michael H $575,000 --
Massey Michael H $575,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Massey Michael H $40,000
Previous Owner Massey Michael H $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2022 12/02/22 Sold $1,100,000 -5.6% $244 / Sq Ft
10/12/2022 10/12/22 Price Changed $1,165,500 -8.9% $259 / Sq Ft
07/18/2022 07/18/22 Price Changed $1,280,000 -3.4% $284 / Sq Ft
04/26/2022 04/26/22 For Sale $1,325,000 +130.4% $294 / Sq Ft
02/28/2012 02/28/12 Sold $575,000 -4.0% $151 / Sq Ft
02/25/2012 02/25/12 Pending -- -- --
09/16/2011 09/16/11 For Sale $599,000 -- $158 / 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 $2,648 $62,850 $6,250 $56,600
2023 $2,650 $62,850 $6,250 $56,600
2022 $2,608 $62,850 $6,250 $56,600
2021 $2,532 $62,850 $6,250 $56,600
2020 $2,426 $62,850 $6,250 $56,600
2019 $2,416 $62,850 $6,250 $56,600
2018 $2,439 $62,850 $0 $0
2017 $2,458 $62,850 $0 $0
2016 $2,174 $62,850 $0 $0
2015 $2,239 $62,850 $0 $0
2014 $2,206 $62,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2020560

Bright MLS

APN: 134-13.00-2154.00