$1,150,000
SOLD NOV 7, 2024

38839 Silver Sands Dr North Bethany, DE 19930

5 Beds
4 Baths
2,900 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$397 Per Sq Ft

18% Below List Price

94 Days on Market

Highlights

  • Pier or Dock
  • Fitness Center
  • Lake Privileges
  • Lord Baltimore Elementary School Rated A-
  • Gated Community
  • Coastal Architecture

About This Home

As of November 2024

Impressive coastal home located just 1.5 miles to downtown Bethany Beach in the amenity rich North Bethany community of Watermark. This luxurious home features a floorplan that effortlessly flows from the living area to the kitchen and dining area and a large deck centrally located with double doors from both areas creating an ideal layout for entertaining. The kitchen offers crisp white cabinetry, granite countertops, stainless steel appliances, and a large center island with plenty of seating. Also on the main living level is the first bedroom and full bathrom, and upstairs there is a grand primary bedroom suite and 3 spacious guest bedrooms. The fully enclosed ground level has an outdoor shower and changing area, and an abundance of space for a ping pong table and corn hole as well as storage for kayaks. Located in the premier gated North Bethany community of Watermark and just steps from the infinity pool, exercise room and kayak launch area, this home is offered furnished and is the perfect luxury beach destination.

Last Agent to Sell the Property

Leslie Kopp

(302) 542-3917 leslie@lesliekopp.com Long & Foster Real Estate, Inc. License #RA-0003421 Listed on: 06/21/2024

Long & Foster Real Estate, Inc.

Co-Listed By

Kiki Hargrove

(302) 569-2959 kiki@lesliekopp.com Long & Foster Real Estate, Inc. License #RS-0020565

Last Buyer's Agent

Ashley Brosnahan

(302) 841-4200 ashley@bethanybeach-homes.com Long & Foster Real Estate, Inc. License #RA-0031206

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,156

Year Built

  • Built in 2015

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 78.00 x 100.00
  • Landscaped
  • Corner Lot
  • Property is zoned MR

HOA Fees

  • $319 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 6 Driveway Spaces
  • Oversized Parking
  • Front Facing Garage

Home Design

  • Coastal Architecture
  • Frame Construction
  • Architectural Shingle Roof
  • Piling Construction
  • HardiePlank Type
  • Stick Built Home

Interior Spaces

  • 2,900 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • High Ceiling
  • Recessed Lighting
  • Window Treatments
  • Window Screens
  • Family Room Off Kitchen
  • Combination Kitchen and Dining Room

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Lake Privileges
  • Balcony
  • Deck

Location

  • Flood Risk

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 35
  • Assessor Parcel Number 134-09.00-1212.00

Community Details

Overview

  • Association fees include lawn maintenance, common area maintenance, pool(s), pier/dock maintenance, snow removal, security gate, management, road maintenance
  • Watermark At North Bethany Subdivision

Recreation

  • Pier or Dock
  • Fitness Center
  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,156

Year Built

Built in 2015

Lot Details

0

HOA Fees

$319 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2024-06-22
  • Federal Flood Zone: Yes
  • Year Built: 2015
  • Automatically Close On Close Date: No
  • Remarks Public: Impressive coastal home located just 1.5 miles to downtown Bethany Beach in the amenity rich North Bethany community of Watermark. This luxurious home features a floorplan that effortlessly flows from the living area to the kitchen and dining area and a large deck centrally located with double doors from both areas creating an ideal layout for entertaining. The kitchen offers crisp white cabinetry, granite countertops, stainless steel appliances, and a large center island with plenty of seating. Also on the main living level is the first bedroom and full bathrom, and upstairs there is a grand primary bedroom suite and 3 spacious guest bedrooms. The fully enclosed ground level has an outdoor shower and changing area, and an abundance of space for a ping pong table and corn hole as well as storage for kayaks. Located in the premier gated North Bethany community of Watermark and just steps from the infinity pool, exercise room and kayak launch area, this home is offered furnished and is the perfect luxury beach destination.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Combination Kitchen/Dining, Family Room Off Kitchen, Kitchen - Island, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Walk-In Closet(s), Window Treatments, Wood Floors
  • Window Features: Screens
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall, High
  • Foundation Details: Pilings
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 2900
  • Living Area Sq Ft: 2900
  • Price Per Sq Ft: 412.07
  • Above Grade Finished Sq Ft: 2900
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38839

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Hardiplank Type, Stick Built, Frame
  • Exterior Features: Outside Shower
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Garage - Front Entry, Oversized
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 3832.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Gated Community, Fitness Center, Pier/Dock, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Common Area Maintenance, Pool(s), Pier/Dock Maintenance, Snow Removal, Security Gate, Management, Road Maintenance
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground

Schools

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

Lot Info

  • Land Use Code: 999
  • Lot Features: Corner, Landscaping
  • Lot Size Acres: 0.19
  • Lot Dimensions: 78.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8276.00
  • Outdoor Living Structures: Deck(s), Balcony
  • Year Assessed: 2023
  • Zoning: MR
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • School Tax: 1924.00
  • Tax Annual Amount: 2156.00
  • Assessor Parcel Number: 134-09.00-1212.00
  • Tax Lot: 35
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 11/07/2024

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
Jun 21, 2024
Closed on
Nov 7, 2024
Sold by
Palumbo Craig Edward and Palumbo Julie
Bought by
Michel Family Trust and Uribe
Seller's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
Buyer's Agent
Ashley Brosnahan
Long & Foster Real Estate, Inc.
List Price
$1,395,000
Sold Price
$1,150,000
Premium/Discount to List
-$245,000
-17.56%
Views
61
Current Estimated Value
$1,141,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,333
Avg. Annual Appreciation
-0.80%
Original Mortgage
$862,500
Outstanding Balance
$853,849
Interest Rate
6.08%
Mortgage Type
Credit Line Revolving
Estimated Equity
$287,818

Purchase Details

Listed on
Jul 10, 2018
Closed on
Oct 26, 2018
Sold by
Erculliani Daivd R and Erculiani Amy L
Bought by
Palumbo Craig E and Palumbo Julie
Seller's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
Buyer's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
List Price
$844,900
Sold Price
$815,000
Premium/Discount to List
-$29,900
-3.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.87%
Original Mortgage
$650,000
Interest Rate
4.1%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jan 7, 2013
Closed on
May 17, 2013
Sold by
Reserve At North Bethany Llc
Bought by
Erculiani David R and Erculiani Amy L
Seller's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
Buyer's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
List Price
$599,990
Sold Price
$644,720
Premium/Discount to List
$44,730
7.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.39%
Original Mortgage
$515,776
Interest Rate
3.45%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $1,150,000 None Listed On Document
Deed $1,150,000 None Listed On Document
Deed $815,000 --
Deed $644,720 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $862,500 Credit Line Revolving
Closed $862,500 Credit Line Revolving
Previous Owner $650,000 Adjustable Rate Mortgage/ARM
Previous Owner $515,776 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/07/2024 11/07/24 Sold $1,150,000 -3.8% $397 / Sq Ft
09/11/2024 09/11/24 Price Changed $1,195,000 -5.5% $412 / Sq Ft
08/08/2024 08/08/24 Price Changed $1,265,000 -9.3% $436 / Sq Ft
06/21/2024 06/21/24 For Sale $1,395,000 +71.2% $481 / Sq Ft
10/26/2018 10/26/18 Sold $815,000 -3.5% $291 / Sq Ft View Prior Sale
09/18/2018 09/18/18 Pending -- -- --
07/10/2018 07/10/18 For Sale $844,900 +31.0% $302 / Sq Ft
05/17/2013 05/17/13 Sold $644,720 +7.5% $230 / Sq Ft View Prior Sale
01/07/2013 01/07/13 For Sale $599,990 -- $214 / Sq Ft
12/27/2012 12/27/12 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
2025 $2,854 $52,200 $12,450 $39,750
2024 $2,158 $52,200 $12,450 $39,750
2023 $2,156 $52,200 $12,450 $39,750
2022 $2,121 $52,200 $12,450 $39,750
2021 $2,058 $52,200 $12,450 $39,750
2020 $1,963 $52,200 $12,450 $39,750
2019 $1,955 $52,200 $12,450 $39,750
2018 $1,974 $52,200 $0 $0
2017 $1,990 $52,200 $0 $0
2016 $1,754 $52,200 $0 $0
2015 $1,808 $52,200 $0 $0
2014 $425 $12,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2064608

Bright MLS

APN: 134-09.00-1212.00