NOT LISTED FOR SALE

38440 Mainsail Dr Unit 31 Bethany Beach, DE 19930

Estimated Value: $469,000 - $668,000

3 Beds
2.5 Baths
1,500 Sq Ft
$377/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $475,000 $317 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,360/month

1 Day on Market

Highlights

  • 22 Feet of Waterfront
  • Golf Course Community
  • View of Trees or Woods
  • Lord Baltimore Elementary School Rated A-
  • Fitness Center
  • Open Floorplan

About This Home

As of October 2021

POND FRONT STUNNER! Welcome to 38440 Mainsail Village #31 in the Salt Pond, a hidden oasis less than 1 mile to the beach in Bethany Beach, Delaware. Tucked away in a private, naturally secluded waterfront setting, Mainsail Village is the best of all worlds. Surrounded by wildlife and wilderness, set on a natural pond in a golf course community filled with wonderful amenities, less than a mile to the beach, you have everything you could ever want. There is even a grocery store right at the entrance. Step inside this completely renovated luxury Villa and you will find the perfect escape. Luxury Vinyl Plank flooring leads you into the open living space filled with natural beauty pouring through two massive sliding glass doors. Anchoring the space is the beautifully redesigned kitchen with gorgeous granite counter tops with counter height bar seating, undermount SS sink, solid wood, full overlay, soft close cabinets, and upgraded stainless-steel appliances. Living room has recessed lighting and a corner wood burning fireplace for those chilly nights. Step through one of the enormous sliding glass doors on to the open deck or the secluded and peaceful screened in porch, the perfect place to relax and watch the wildlife play on the pond. Upstairs you will find a luxurious owners suite with two double casement windows overlooking the pond and an attached bath with double sink vanity, floor to ceiling tiled shower with glass framed enclosure and large soaking tub. Two spacious guest bedrooms and a hall bathroom with a tub/shower complete the second floor. A floored attic with a pull-down staircase provides plenty of storage. One car garage has room for all the beach gear, bikes, and kayaks. Salt Pond has some of the best amenities in the area including a mid-length, executive 18-hole golf course, recreation center, indoor and outdoor pools, tennis courts, pickleball courts, a children’s pool and play area, kayak launch, basketball court, and beach volleyball court. Community is very active with social and sporting events every day. Would make the perfect full-time residence, vacation home, or an incredible investment property. Rent it out short term in the summer, covering all of your expenses and enjoy it yourself the rest of the year. Or maximize the rental potential and enjoy excellent cash flow with rental potential of over 50k/year. Furnishings available for additional purchase making it totally turnkey. Schedule your private tour today!

Last Agent to Sell the Property

Carrie Lingo

Jack Lingo - Lewes License #RS-0017885 Listed on: 08/31/2021

Jack Lingo - Lewes

Co-Listed By

Shawn McDonnell

Jack Lingo - Lewes License #RS-0024379

Last Buyer's Agent

Nicole Peterdozzi

Coldwell Banker Realty

Coldwell Banker Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $942

Year Built

  • Built in 1995 | Remodeled in 2021

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 22.00 x 100.00
  • 22 Feet of Waterfront
  • Home fronts navigable water
  • Cul-De-Sac
  • Premium Lot
  • Partially Wooded Lot
  • Property is in excellent condition

HOA Fees

Parking

  • 1 Car Direct Access Garage
  • 2 Driveway Spaces
  • Front Facing Garage
  • Garage Door Opener

Property Views

  • Pond
  • Woods

Home Design

  • Villa
  • Frame Construction
  • Architectural Shingle Roof
  • Stick Built Home

Interior Spaces

  • 1,500 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Corner Fireplace
  • Wood Burning Fireplace
  • Fireplace With Glass Doors
  • Fireplace Mantel
  • Vinyl Clad Windows
  • Insulated Windows
  • Window Treatments
  • Sliding Windows
  • Casement Windows
  • Window Screens
  • Sliding Doors
  • Insulated Doors
  • Family Room Off Kitchen
  • Dining Area
  • Crawl Space
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Soaking Tub
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Home Security

Accessible Home Design

  • Halls are 36 inches wide or more
  • Level Entry For Accessibility

Outdoor Features

  • Canoe or Kayak Water Access
  • Property is near a pond
  • Pond
  • Non Powered Boats Only
  • Lake Privileges
  • Deck
  • Enclosed Patio or Porch
  • Outdoor Grill
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • 60 Gallon+ Water Heater

Additional Features

  • Energy-Efficient Appliances
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 134-13.00-1740.00

Community Details

Overview

  • $750 Capital Contribution Fee
  • Association fees include common area maintenance, insurance, lawn maintenance, management, pier/dock maintenance, pool(s), reserve funds, road maintenance, snow removal, exterior building maintenance
  • Salt Pond HOA
  • Mainsail Village Condos
  • Built by Bunting
  • Salt Pond Subdivision
  • Property Manager
  • Community Lake

Amenities

  • Picnic Area
  • Common Area
  • Clubhouse
  • Game Room
  • Meeting Room

Recreation

  • Golf Course Community
  • Golf Course Membership Available
  • Tennis Courts
  • Community Basketball Court
  • Volleyball Courts
  • Shuffleboard Court
  • Community Playground
  • Fitness Center
  • Community Indoor Pool
  • Lap or Exercise Community Pool

Pet Policy

  • Dogs and Cats Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$942

Year Built

Built in 1995 | Remodeled in 2021

Lot Details

0

HOA Fees

$445 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Villa
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: Level Entry - Main, 36"+ Wide Halls
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2021-09-01
  • Federal Flood Zone: Yes
  • Year Built: 1995
  • Year Renovated: 2021
  • Automatically Close On Close Date: No
  • Remarks Public: POND FRONT STUNNER! Welcome to 38440 Mainsail Village #31 in the Salt Pond, a hidden oasis less than 1 mile to the beach in Bethany Beach, Delaware. Tucked away in a private, naturally secluded waterfront setting, Mainsail Village is the best of all worlds. Surrounded by wildlife and wilderness, set on a natural pond in a golf course community filled with wonderful amenities, less than a mile to the beach, you have everything you could ever want. There is even a grocery store right at the entrance. Step inside this completely renovated luxury Villa and you will find the perfect escape. Luxury Vinyl Plank flooring leads you into the open living space filled with natural beauty pouring through two massive sliding glass doors. Anchoring the space is the beautifully redesigned kitchen with gorgeous granite counter tops with counter height bar seating, undermount SS sink, solid wood, full overlay, soft close cabinets, and upgraded stainless-steel appliances. Living room has recessed lighting and a corner wood burning fireplace for those chilly nights. Step through one of the enormous sliding glass doors on to the open deck or the secluded and peaceful screened in porch, the perfect place to relax and watch the wildlife play on the pond. Upstairs you will find a luxurious owners suite with two double casement windows overlooking the pond and an attached bath with double sink vanity, floor to ceiling tiled shower with glass framed enclosure and large soaking tub. Two spacious guest bedrooms and a hall bathroom with a tub/shower complete the second floor. A floored attic with a pull-down staircase provides plenty of storage. One car garage has room for all the beach gear, bikes, and kayaks. Salt Pond has some of the best amenities in the area including a mid-length, executive 18-hole golf course, recreation center, indoor and outdoor pools, tennis courts, pickleball courts, a children’s pool and play area, kayak launch, basketball court, and beach volleyball court. Community is very active with social and sporting events every day. Would make the perfect full-time residence, vacation home, or an incredible investment property. Rent it out short term in the summer, covering all of your expenses and enjoy it yourself the rest of the year. Or maximize the rental potential and enjoy excellent cash flow with rental potential of over 50k/year. Furnishings available for additional purchase making it totally turnkey. Schedule your private tour today!
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Energy Efficient Appliances, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Luxury Vinyl Plank, Carpet
  • Interior Amenities: Attic, Breakfast Area, Ceiling Fan(s), Dining Area, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Island, Recessed Lighting, Skylight(s), Bathroom - Soaking Tub, Bathroom - Tub Shower, Upgraded Countertops, Window Treatments
  • Window Features: Casement, Insulated, Skylights, Screens, Sliding, Vinyl Clad
  • Fireplace Features: Wood, Mantel(s), Fireplace - Glass Doors, Corner
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Sliding Glass, Insulated
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Main Floor, Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1500
  • Living Area Sq Ft: 1500
  • Price Per Sq Ft: 283.33
  • Above Grade Finished Sq Ft: 1500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38440

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Stick Built
  • Exterior Features: Bbq Grill, Gutter System
  • Roof: Architectural Shingle
  • View: Pond, Trees/Woods
  • Water Access Features: Boat - Non Powered Only, Canoe/Kayak
  • Water Access: Yes
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes
  • Water Frontage In Feet: 22

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage - Front Entry, Garage Door Opener, Inside Access
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Monthly Average Electric: 50
  • Previous Twelve Months Electric Expense: 600.00
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 1560.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1890.00
  • Condo Co-Op Fee Frequency: Semi-Annually
  • Condo Co-Op Name: Mainsail Village
  • HOA Condo Co-Op Amenities: Basketball Courts, Club House, Common Grounds, Fitness Center, Game Room, Golf Course Membership Available, Golf Course, Lake, Meeting Room, Picnic Area, Pool - Outdoor, Pool - Indoor, Shuffleboard, Tennis Courts, Tot Lots/Playground, Volleyball Courts, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Lawn Maintenance, Management, Pier/Dock Maintenance, Pool(s), Reserve Funds, Road Maintenance, Snow Removal, Ext Bldg Maint
  • HOA Name: SALT POND HOA
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: Fenced, In Ground, Indoor, Lap/Exercise

Fee Information

  • Capital Contribution Fee: 750.00

Schools

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

Lot Info

  • Land Use Code: RS
  • Lot Features: Secluded, Premium, Pond, Partly Wooded, Cul-De-Sac
  • Lot Size Acres: 0.05
  • Lot Dimensions: 22.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Outdoor Living Structures: Deck(s), Enclosed, Porch(es), Screened
  • Property Condition: Excellent, Very Good
  • Year Assessed: 2021
  • Zoning: RS
  • In City Limits: No

Building Info

  • Builder Name: Bunting

Rental Info

  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 836.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 942.00
  • Assessor Parcel Number: 134-13.00-1740.00
  • Tax Total Finished Sq Ft: 736
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 10/15/2021

Multi Family

  • Federal Flood Zone: AE

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2021
Closed on
Oct 15, 2021
Sold by
Mcdonnell Shawn and Merritt-Cooch Elizabeth
Bought by
Brian K Bryan Ret
Seller's Agent
Carrie Lingo
Jack Lingo - Lewes
Buyer's Agent
Nicole Peterdozzi
Coldwell Banker Realty
List Price
$425,000
Sold Price
$475,000
Premium/Discount to List
$50,000
11.76%
Current Estimated Value
$519,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,884
Avg. Annual Appreciation
3.88%
Original Mortgage
$285,000
Outstanding Balance
$262,697
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$287,059

Purchase Details

Closed on
Sep 22, 1995
Bought by
Mcqueen Anita F
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
Brian K Bryan Ret $475,000 None Available
Mcqueen Anita F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brian K Bryan Ret $285,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $475,000 +11.8% $317 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
08/31/2021 08/31/21 For Sale $425,000 +70.0% $283 / Sq Ft
04/19/2021 04/19/21 For Sale $250,000 +11.1% $340 / Sq Ft
04/16/2021 04/16/21 Sold $225,000 -- $306 / Sq Ft
04/16/2021 04/16/21 Pending -- -- --
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 $988 $23,900 $1,500 $22,400
2023 $987 $23,900 $1,500 $22,400
2022 $971 $23,900 $1,500 $22,400
2021 $942 $23,900 $1,500 $22,400
2020 $911 $23,900 $1,500 $22,400
2019 $907 $23,900 $1,500 $22,400
2018 $904 $23,900 $0 $0
2017 $911 $23,900 $0 $0
2016 $803 $23,900 $0 $0
2015 $828 $23,900 $0 $0
2014 $815 $23,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2005514

Bright MLS

APN: 134-13.00-1740.00