NOT LISTED FOR SALE

38931 Silver Sands Dr North Bethany, DE 19930

Estimated Value: $1,042,000 - $2,028,000

5 Beds
3.5 Baths
2,812 Sq Ft
$525/Sq Ft Est. Value

Last Sold July 26, 2021

Last sale price $1,200,000 $427 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $8,534/month

4 Days on Market

Highlights

  • Gated Community
  • Open Floorplan
  • Clubhouse
  • Lord Baltimore Elementary School Rated A-
  • Lake Privileges
  • Coastal Architecture

About This Home

As of July 2021

This elegant 5 BRM/3.5 bath coastal style home is located on the largest lot of the gated community in Watermark. A few of the many features: hardwood floors throughout the great room level & stairs, coffered ceiling in great room, upgraded custom moldings, upgraded granite in kitchen, irrigation system. Large French doors from the indoor living areas open up to the patios on multiple levels for maximum summer enjoyment including a screened porch & open deck, pergola, with slate patio & cafe lighting!, The community sets adjacent to miles of Delaware State Park land. The amenities include an infinity pool overlooking a calm lagoon that also has its own small beach. Residents also have their own pier with a kayak and canoe launch to paddle your way out into the Delaware State Park marshes and tidal wetlands for hours of relaxation, bird watching, and enjoyment! BEST AND FINAL OFFERS MUST BE SUBMITTED BY SUNDAY, June 13, 2021

Last Agent to Sell the Property

Ann Raskauskas

BETHANY AREA REALTY LLC License #RB-0020092 Listed on: 06/10/2021

Last Buyer's Agent

Anita Roughton

Iron Valley Real Estate at The Beach License #RS0024874

Iron Valley Real Estate at The Beach

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,119

Year Built

  • Built in 2013

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 76 x 159
  • Backs To Open Common Area
  • West Facing Home
  • Landscaped
  • Cleared Lot
  • Back and Front Yard
  • Property is in excellent condition
  • Zoning described as largest lot in community

HOA Fees

  • $308 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Home Design

  • Coastal Architecture
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 2,812 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Ceiling Fan
  • Dining Area
  • Flood Lights

Kitchen

  • Electric Oven or Range
  • Self-Cleaning Oven
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms

Laundry

  • Dryer
  • Front Loading Washer

Outdoor Features

  • Outdoor Shower
  • Lake Privileges
  • Multiple Balconies
  • Deck
  • Enclosed Patio or Porch
  • Exterior Lighting

Location

  • Flood Risk

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 134-09.00-1193.00

Community Details

Overview

  • Association fees include common area maintenance, lawn care front, lawn care rear, lawn care side, lawn maintenance, management, pool(s), security gate, snow removal, trash
  • Watermark At North Bethany Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,119

Year Built

Built in 2013

Lot Details

0

HOA Fees

$308 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
  • Exclusions: TO BE SOLD UNFURNISHED . other exclusions: white chandelier above dining table, turquoise corner cabinet, little beverage refrigerator near kitchen, fire pit & outdoor furniture.
  • Home Warranty: No
  • Inclusions: to be sold unfurnished
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-06-13
  • Federal Flood Zone: Yes
  • Year Built: 2013
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: This elegant 5 BRM/3.5 bath coastal style home is located on the largest lot of the gated community in Watermark. A few of the many features: hardwood floors throughout the great room level & stairs, coffered ceiling in great room, upgraded custom moldings, upgraded granite in kitchen, irrigation system. Large French doors from the indoor living areas open up to the patios on multiple levels for maximum summer enjoyment including a screened porch & open deck, pergola, with slate patio & cafe lighting!, The community sets adjacent to miles of Delaware State Park land. The amenities include an infinity pool overlooking a calm lagoon that also has its own small beach. Residents also have their own pier with a kayak and canoe launch to paddle your way out into the Delaware State Park marshes and tidal wetlands for hours of relaxation, bird watching, and enjoyment! BEST AND FINAL OFFERS MUST BE SUBMITTED BY SUNDAY, June 13, 2021
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven - Self Cleaning, Oven - Single, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Washer - Front Loading, Water Heater
  • Flooring Type: Carpet, Hardwood
  • Interior Amenities: Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Floor Plan - Open
  • Foundation Details: Pilings
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 2812
  • Living Area Sq Ft: 2812
  • Price Per Sq Ft: 417.85
  • Above Grade Finished Sq Ft: 2812
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38931

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
  • Construction Materials: Stick Built
  • Exterior Features: Exterior Lighting, Flood Lights, Outside Shower, Street Lights
  • 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: Private
  • Garage Features: Additional Storage Area, Covered Parking, Garage - Front Entry, Garage Door Opener, Oversized
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s), Ceiling Fan(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA Fees: 3700.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Club House, Common Grounds, Gated Community, Pool - Outdoor, Swimming Pool, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management, Pool(s), Security Gate, Snow Removal, Trash
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: INDIAN RIVER
  • Elementary School: LORD BALTIMORE
  • Middle School: SELBYVILLE
  • High School: INDIAN RIVER
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396898
  • School District Source: Listing Agent
  • Elementary School: LORD BALTIMORE
  • High School: INDIAN RIVER
  • Middle Or Junior School: SELBYVILLE

Lot Info

  • Lot Features: Cleared, Backs - Open Common Area, Front Yard, Landscaping, Rear Yard
  • Lot Size Acres: 0.27
  • Lot Dimensions: 76 X 159
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11761.20
  • Outdoor Living Structures: Balconies- Multiple, Deck(s), Enclosed, Porch(es), Screened, Patio(s)
  • Property Condition: Excellent
  • Zoning: RESIDENTIAL
  • Zoning Description: largest lot in community
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 7377998
  • Assessor Parcel Number: 134-09.00-1193.00
  • Close Date: 07/26/2021

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Jul 26, 2021
Sold by
Kugler Mitchel B and Kugler Chris A
Bought by
Calandra Mary P and Calandra Frederick J
Seller's Agent
Ann Raskauskas
BETHANY AREA REALTY LLC
Buyer's Agent
Anita Roughton
Iron Valley Real Estate at The Beach
List Price
$1,175,000
Sold Price
$1,200,000
Premium/Discount to List
$25,000
2.13%
Current Estimated Value
$1,477,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,333
Avg. Annual Appreciation
0.84%
Original Mortgage
$960,000
Outstanding Balance
$883,478
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$358,522

Purchase Details

Listed on
Oct 3, 2013
Closed on
Feb 20, 2014
Bought by
Kugler Mitchel B and Kugler Chris A
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Ann Raskauskas
BETHANY AREA REALTY LLC
List Price
$680,590
Sold Price
$680,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.93%
Original Mortgage
$480,000
Interest Rate
4.39%
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 Buyer Sale Price Title Company
Calandra Mary P $1,200,000 None Available
Kugler Mitchel B $680,590 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Calandra Mary P $960,000
Closed Calandra Frederick J $960,000
Previous Owner Kugler Chris A $428,500
Previous Owner Kugler Mitchel B $440,997
Previous Owner Kugler Mitchel B $480,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2021 07/26/21 Sold $1,200,000 +2.1% $427 / Sq Ft
06/10/2021 06/10/21 For Sale $1,175,000 +72.6% $418 / Sq Ft
02/20/2014 02/20/14 Sold $680,590 0.0% --
10/03/2013 10/03/13 For Sale $680,590 -- --
09/08/2013 09/08/13 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 $2,119 $51,250 $12,450 $38,800
2023 $2,117 $51,250 $12,450 $38,800
2022 $2,083 $51,250 $12,450 $38,800
2021 $92 $51,250 $12,450 $38,800
2020 $1,928 $51,250 $12,450 $38,800
2019 $1,919 $51,250 $12,450 $38,800
2018 $1,938 $51,250 $0 $0
2017 $1,954 $51,250 $0 $0
2016 $1,722 $51,250 $0 $0
2015 $1,775 $51,250 $0 $0
2014 $1,748 $51,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU184792

Bright MLS

APN: 134-09.00-1193.00