NOT LISTED FOR SALE

38924 Silver Sands Dr Bethany Beach, DE 19930

Estimated Value: $1,482,000 - $2,329,000

5 Beds
4.5 Baths
2,770 Sq Ft
$637/Sq Ft Est. Value

Last Sold September 02, 2020

Last sale price $1,065,000 $384 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $9,809/month

32 Days on Market

Highlights

  • Pier or Dock
  • Property Fronts a Bay or Harbor
  • Water Oriented
  • Lord Baltimore Elementary School Rated A-
  • Fitness Center
  • Gated Community

About This Home

As of September 2020

The best in resort living! This amazing waterfront home is located in the premier gated community of Watermark, and is only 1.5 miles to downtown Bethany Beach. Featuring 5 bedrooms and 4.5 baths this home is the ultimate in coastal luxury. Situated on the premier lot of the community where water views are obtained from almost every room, this light filled, open floor plan boasts endless upgrades. Hardwood flooring, gourmet kitchen with stainless appliances, and large deck space will be enjoyed by friends and family alike. The master bedroom is the perfect retreat after enjoying a day at the beach. Upstairs enjoy two en-suite bedrooms, two additional bedrooms which share a jack and jill bath, and a spacious sitting/family room. Plenty of garage/storage space for all of your beach toys and kayaks. Looking for an investment? This home has outstanding rental potential. You can have the best of both worlds, own a beautiful beach home for your use and rent when you are not there! Community amenities include infinity pool, exercise room, and kayak launch. Don't wait, come live the coastal lifestyle.

Last Agent to Sell the Property

Ashley Brosnahan

(302) 539-9040 ashley@bethanybeach-homes.com Long & Foster Real Estate, Inc. License #RA-0031206 Listed on: 06/24/2020

Long & Foster Real Estate, Inc.

Co-Listed By

Neil Brosnahan

(302) 539-9040 neil@bethanybeach-homes.com Long & Foster Real Estate, Inc. License #664423

Last Buyer's Agent

Bill Ganc

(302) 830-4824 bill@ganccommercialrealty.com Ganc Commercial Realty License #RB-0020282

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2015

Lot Details

  • 11,761 Sq Ft Lot
  • Lot Dimensions are 58.00 x 139.00
  • Property Fronts a Bay or Harbor
  • Property is in excellent condition

HOA Fees

  • $260 Monthly HOA Fees

Parking

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

Home Design

  • Coastal Architecture
  • Architectural Shingle Roof
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 2,770 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Insulated Doors
  • Bay Views
  • Security Gate
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Gas Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Electric Dryer
  • Washer

Outdoor Features

  • Water Oriented
  • Property is near a pond
  • Lake Privileges

Location

  • Flood Risk

Schools

  • Lord Baltimore Elementary School
  • Selbyville Middle School
  • Indian River High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-09.00-1188.00

Community Details

Overview

  • $1,808 Capital Contribution Fee
  • Association fees include common area maintenance, lawn maintenance, management, pool(s), security gate
  • $125 Other One-Time Fees
  • Watermark At North Bethany Subdivision

Recreation

  • Pier or Dock
  • Fitness Center
  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2015

Lot Details

0.27 Acres

HOA Fees

$260 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
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: Yes
  • Year Built: 2015
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Icemaker, Microwave, Oven/Range - Gas, Refrigerator, Washer, Water Heater
  • Flooring Type: Carpet, Tile/Brick, Hardwood
  • Interior Amenities: Attic, Breakfast Area, Kitchen - Island, Pantry
  • Fireplace: No
  • Door Features: Insulated
  • Foundation Details: Pilings
  • Levels Count: 3
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 2770
  • Living Area Sq Ft: 2770
  • Price Per Sq Ft: 384.48
  • Above Grade Finished Sq Ft: 2770
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Upper Level Bathrooms: 5
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 3.00

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Roof: Architectural Shingle
  • Spa: No
  • View: Bay
  • Water Access: No
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • 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
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Security: Security Gate
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 779.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Water/Lake Privileges, Exercise Room, Gated Community, Pier/Dock
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Maintenance, Management, Pool(s), Security Gate
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Other Fees: 125.00
  • Other Fees Frequency: One Time
  • Capital Contribution Fee: 1808.00

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: LORD BALTIMORE
  • High School: INDIAN RIVER
  • Middle Or Junior School: SELBYVILLE

Lot Info

  • Lot Size Acres: 0.27
  • Lot Dimensions: 58.00 x 139.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11761.00
  • Property Condition: Excellent
  • Zoning: RES
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: Yes
  • Rent Spree Online Application: No

Multi Family

  • Federal Flood Zone: AE

Tax Info

  • Assessor Parcel Number: 7377993
  • Assessor Parcel Number: 134-09.00-1188.00

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2023
Sold by
Ganc William R
Bought by
Ganc William R and Ganc Cynthia A
Current Estimated Value
$1,763,234

Purchase Details

Listed on
Jun 24, 2020
Closed on
Sep 2, 2020
Sold by
Demopoulos Timothy P and Demopoulos Jessica E
Bought by
Ganc Properties Llc
Seller's Agent
Ashley Brosnahan
Long & Foster Real Estate, Inc.
Buyer's Agent
Bill Ganc
Ganc Commercial Realty
List Price
$1,065,000
Sold Price
$1,065,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.47%
Original Mortgage
$780,000
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Ganc William R -- None Listed On Document
Ganc William R -- None Listed On Document
Ganc Properties Llc $1,065,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ganc Properties Llc $780,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/02/2020 09/02/20 Sold $1,065,000 0.0% $384 / Sq Ft
07/26/2020 07/26/20 Pending -- -- --
06/24/2020 06/24/20 For Sale $1,065,000 +36.0% $384 / Sq Ft
12/14/2015 12/14/15 Sold $783,323 +23.2% $290 / Sq Ft View Prior Sale
06/04/2015 06/04/15 Pending -- -- --
06/27/2014 06/27/14 For Sale $635,900 -- $235 / Sq Ft
Source: Bright MLS

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 $2,306 $49,900 $12,450 $37,450
2024 $1,587 $49,900 $12,450 $37,450
2023 $2,061 $49,900 $12,450 $37,450
2022 $2,028 $49,900 $12,450 $37,450
2021 $1,967 $49,900 $12,450 $37,450
2020 $1,877 $49,900 $12,450 $37,450
2019 $1,869 $49,900 $12,450 $37,450
2018 $1,887 $49,900 $0 $0
2017 $1,902 $49,900 $0 $0
2016 $1,676 $49,900 $0 $0
2015 $431 $12,450 $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: DESU163180

Bright MLS

APN: 134-09.00-1188.00

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