NOT LISTED FOR SALE

38908 Silver Sands Dr North Bethany, DE 19930

Estimated Value: $1,713,000 - $1,997,000

4 Beds
3.5 Baths
2,900 Sq Ft
$643/Sq Ft Est. Value

Last Sold August 02, 2021

Last sale price $1,450,000 $500 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $10,658/month

4 Days on Market

Highlights

  • Primary bedroom faces the bay
  • Fitness Center
  • Gated Community
  • Lord Baltimore Elementary School Rated A-
  • Bay View
  • Waterfront

About This Home

As of August 2021

Stunning waterfront coastal home located just 1.5 miles to downtown Bethany Beach with arguably one of the most impressive views in North Bethany. No detail was spared in this upscale property which was designed to capture exceptional views of the water and wildlife from nearly every room. The impressive living room with coffered ceilings flows into the gorgeous over-sized kitchen with a beautiful gas range and large center island plus dining room area. Creating the ideal layout for entertaining, all of the main living spaces open to an expansive waterfront deck with a full outdoor kitchen equipped with a gas grille and Kamado smoker as well as an outdoor gas fire table. The master bedroom suite on the top floor opens to a large upper deck with breathtaking views of the waterfront or for capturing nature. This home is a birdwatchers dream come true! A bunkroom-bedroom maximizes room for children guests and the en-suite bedroom on the main floor has a murphy bed that can effortlessly fold away to utilize the space as an office or den. The fully enclosed ground level has an abundance of space for 3 cars plus an area that has been upgraded with decking and ceiling fans to create extra living space for games and entertainment plus a finished room ideal for storing bikes and equipment out of the salt air. Additional conveniences include an outdoor shower, hard wired gas lines to the deck and kitchen plus irrigation for the professionally landscaped yard with native plants as well as water lines that run to all window and deck flower boxes. Situated on Fresh Pond, this property has immediate access to miles of well-groomed walking and biking trails, as well as kayak access to the Delaware Seashore State Park and the Indian River Bay. Located in the premier gated North Bethany community of Watermark, this home is adjacent to the kayak launch and pier which is perfect for crabbing, and just a short walk to the infinity pool. The sale of this exquisite home is subject to the sellers maintaining occupancy of the property until August 31, 2021.

Last Agent to Sell the Property

Leslie Kopp

Long & Foster Real Estate, Inc. License #RA-0003421 Listed on: 05/13/2021

Long & Foster Real Estate, Inc.

Co-Listed By

Kiki Hargrove

Long & Foster Real Estate, Inc. License #RS-0020565

Last Buyer's Agent

Grace Masten

Sea Grace @ North Beach Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,039

Year Built

  • Built in 2013

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 54.00 x 139.00
  • Waterfront
  • Sprinkler System
  • Property is zoned MR

HOA Fees

  • $306 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • 5 Driveway Spaces
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Garage Door Opener

Property Views

  • Bay
  • Scenic Vista

Home Design

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

Interior Spaces

  • 2,900 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Family Room Off Kitchen
  • Combination Kitchen and Dining Room
  • Surveillance System

Kitchen

  • Gas Oven or Range
  • Cooktop
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Primary bedroom faces the bay
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Canoe or Kayak Water Access
  • Property near a bay
  • Lake Privileges
  • Deck
  • Exterior Lighting
  • Outdoor Storage
  • Outdoor Grill

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Tankless Water Heater

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 134-09.00-1185.00

Community Details

Overview

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

Recreation

  • Fitness Center
  • Community Infinity Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,039

Year Built

Built in 2013

Lot Details

0

HOA Fees

$306 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Exclusions: See Attached List
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2013
  • Automatically Close On Close Date: No
  • Remarks Public: Stunning waterfront coastal home located just 1.5 miles to downtown Bethany Beach with arguably one of the most impressive views in North Bethany. No detail was spared in this upscale property which was designed to capture exceptional views of the water and wildlife from nearly every room. The impressive living room with coffered ceilings flows into the gorgeous over-sized kitchen with a beautiful gas range and large center island plus dining room area. Creating the ideal layout for entertaining, all of the main living spaces open to an expansive waterfront deck with a full outdoor kitchen equipped with a gas grille and Kamado smoker as well as an outdoor gas fire table. The master bedroom suite on the top floor opens to a large upper deck with breathtaking views of the waterfront or for capturing nature. This home is a birdwatchers dream come true! A bunkroom-bedroom maximizes room for children guests and the en-suite bedroom on the main floor has a murphy bed that can effortlessly fold away to utilize the space as an office or den. The fully enclosed ground level has an abundance of space for 3 cars plus an area that has been upgraded with decking and ceiling fans to create extra living space for games and entertainment plus a finished room ideal for storing bikes and equipment out of the salt air. Additional conveniences include an outdoor shower, hard wired gas lines to the deck and kitchen plus irrigation for the professionally landscaped yard with native plants as well as water lines that run to all window and deck flower boxes. Situated on Fresh Pond, this property has immediate access to miles of well-groomed walking and biking trails, as well as kayak access to the Delaware Seashore State Park and the Indian River Bay. Located in the premier gated North Bethany community of Watermark, this home is adjacent to the kayak launch and pier which is perfect for crabbing, and just a short walk to the infinity pool. The sale of this exquisite home is subject to the sellers maintaining occupancy of the property until August 31, 2021.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer, Icemaker, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Water Heater - Tankless
  • Flooring Type: Carpet, Ceramic Tile, Wood
  • Interior Amenities: Ceiling Fan(s), Combination Kitchen/Dining, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Island, Primary Bath(s), Primary Bedroom - Bay Front, Recessed Lighting, Upgraded Countertops, Walk-In Closet(s), Window Treatments
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings
  • Foundation Details: Pilings
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 2900
  • Living Area Sq Ft: 2900
  • Price Per Sq Ft: 446.55
  • Above Grade Finished Sq Ft: 2900
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38908

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • 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, Exterior Lighting, Outside Shower, Secure Storage, Underground Lawn Sprinkler, Sidewalks
  • Road Surface Type: Paved
  • Roof: Architectural Shingle
  • View: Bay, Scenic Vista, Water
  • Water Access Features: Canoe/Kayak
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Additional Storage Area, Garage - Front Entry, Garage Door Opener, Inside Access, Oversized
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 5

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Leased
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Tankless
  • Security: Surveillance Sys
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 3676.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Exercise Room, Gated Community, Pool - Outdoor, Swimming Pool, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Maintenance, Management, Pool(s), Road Maintenance, Security Gate, Snow Removal, Trash
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: Fenced, Filtered, In Ground, Negative Edge/Infinity

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RS
  • Lot Size Acres: 0.22
  • Lot Dimensions: 54.00 x 139.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9583.00
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2020
  • Zoning: MR
  • In City Limits: No

Rental Info

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

Tax Info

  • Assessor Parcel Number: 7377990
  • School Tax: 1797.00
  • Tax Annual Amount: 2039.00
  • Assessor Parcel Number: 134-09.00-1185.00
  • Tax Lot: 8
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 08/02/2021

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2024
Sold by
Faerber Michael A and Faerber Yolanda E
Bought by
Faerber Family Trust and Faerber
Total Days on Market
4
Current Estimated Value
$1,865,667

Purchase Details

Listed on
May 13, 2021
Closed on
Aug 2, 2021
Sold by
Pugliese Louis C and Pugliese Barbara C
Bought by
Faerber Michael A and S-Farber Yolanda E
Seller's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
Buyer's Agent
Grace Masten
Sea Grace @ North Beach Realtors
List Price
$1,295,000
Sold Price
$1,450,000
Premium/Discount to List
$155,000
11.97%

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
$450,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2013
Sold by
Reserve At North Bethany Llc
Bought by
Pugliese Louis C and Pugliese Barbara C

Purchase Details

Closed on
Oct 25, 2013
Sold by
Reserve At North Bethany Llc
Bought by
Pugliese Louis C and Pugliese Barbara C
Source: Public Records

Range of Values:

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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
Faerber Family Trust -- None Listed On Document
Faerber Michael A $1,450,000 None Available
Pugliese Louis C $805,860 --
Pugliese Louis C $805,860 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Faerber Michael A $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2021 08/02/21 Sold $1,450,000 +12.0% $500 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $1,295,000 -- $447 / 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 $2,241 $54,200 $12,450 $41,750
2023 $2,239 $54,200 $12,450 $41,750
2022 $2,202 $54,200 $12,450 $41,750
2021 $2,136 $54,200 $12,450 $41,750
2020 $2,039 $54,200 $12,450 $41,750
2019 $1,779 $54,200 $12,450 $41,750
2018 $0 $54,200 $0 $0
2017 $2,066 $54,200 $0 $0
2016 $1,821 $54,200 $0 $0
2015 $1,877 $54,200 $0 $0
2014 $1,849 $54,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU182820

Bright MLS

APN: 134-09.00-1185.00