NOT LISTED FOR SALE

38934 Cypress Lake Cir Unit 56110 Bethany Beach, DE 19930

Estimated Value: $336,479 - $670,000

3 Beds
2 Baths
1,331 Sq Ft
$437/mo HOA Fee

Last Sold November 21, 2018

Last sale price $320,000 $240 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,588/month

211 Days on Market

Highlights

  • Beach
  • Fitness Center
  • Deck
  • Lord Baltimore Elementary School Rated A-
  • Lake Privileges
  • Partially Wooded Lot

About This Home

As of November 2018

Upgraded and updated in colorful beach decor. First floor three bedroom Sea Colony Vista floor-plan. The list of enhancements include: upgraded kitchen cabinets and granite counter tops, new hard wood flooring, new carpeting in bedrooms, new refrigerator and microwave, and replaced HVAC unit. Successful rental with over $56,000 in rental income over the past three summers. Move-in ready. Just reduced from $345,000 to $329,900.

Last Agent to Sell the Property

William Hand

Long & Foster Real Estate, Inc. License #RA-0020486 Listed on: 04/06/2018

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Elizabeth Kapp

Long & Foster Real Estate, Inc. License #238682

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,054

Year Built

  • Built in 1998

Lot Details

  • Cul-De-Sac
  • Landscaped
  • Partially Wooded Lot
  • Ground Rent expires in 79 years

HOA Fees

Home Design

  • Block Foundation
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,331 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Insulated Windows
  • Window Screens
  • Insulated Doors
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Home Security

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Lake Privileges
  • Deck
  • Screened Patio
  • Wrap Around Porch

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-17.00-41.00-56110

Community Details

Overview

  • Association fees include cable TV, common area maintenance, health club, high speed internet, insurance, lawn maintenance, management, reserve funds, snow removal, trash, water
  • Low-Rise Condominium
  • Sea Colony West Xx Community
  • Sea Colony West Subdivision

Amenities

  • Sauna
  • Community Center
  • Recreation Room

Recreation

  • Beach
  • Tennis Courts
  • Indoor Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Indoor Pool
  • Bike Trail

Security

  • Security Guard
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,054

Year Built

Built in 1998

Lot Details

0

HOA Fees

$437 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: 2+ Access Exits
  • Ownership: Condominium
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1998
  • Remarks Public: Upgraded and updated in colorful beach decor. First floor three bedroom Sea Colony Vista floor-plan. The list of enhancements include: upgraded kitchen cabinets and granite counter tops, new hard wood flooring, new carpeting in bedrooms, new refrigerator and microwave, and replaced HVAC unit. Successful rental with over $56,000 in rental income over the past three summers. Move-in ready. Just reduced from $345,000 to $329,900.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Range Hood, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Hardwood
  • Interior Amenities: Breakfast Area, Entry Level Bedroom, Ceiling Fan(s)
  • Window Features: Insulated, Screens
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated
  • Foundation Details: Block
  • Floors In Unit Count: 1
  • Level Count: 1
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1331
  • Living Area Sq Ft: 1331
  • Net Sq Ft: 1331.00
  • Price Per Sq Ft: 247.86
  • Above Grade Finished Sq Ft: 1331
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38934

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Construction Completed: Yes
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 286.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 202.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 235.35
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Beach, Bike Trail, Cable, Community Center, Fitness Center, Tot Lots/Playground, Swimming Pool, Pool - Outdoor, Recreational Center, Sauna, Security, Tennis - Indoor, Tennis Courts, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Cable Tv, Common Area Maintenance, Health Club, High Speed Internet, Insurance, Lawn Maintenance, Management, Reserve Funds, Snow Removal, Trash, Water
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: Yes
  • Community Pool Features: Indoor

Schools

  • School District: INDIAN RIVER
  • School District Key: 300200396898

Lot Info

  • Lot Features: Cul-De-Sac, Landscaping, Partly Wooded
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Deck(s), Porch(es), Screened, Wrap Around
  • Zoning: RESIDENTIAL PLANNED COMM.
  • Zoning Description: RESIDENTIAL PLANNED COMM.
  • In City Limits: No

Building Info

  • Building Features: Guard System

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: Yes
  • Ground Rent Years Remaining: 79
  • Total Actual Rent: 18800.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5114402
  • Assessor Parcel Number: 134-17.00-41.00-56110
  • County Tax Payment Frequency: Annually
  • Close Date: 11/21/2018

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2018
Closed on
Nov 21, 2018
Sold by
Glas Ronald W and Glass Rae E
Bought by
Briggs Richard L and Briggs Tara M
Seller's Agent
William Hand
Long & Foster Real Estate, Inc.
Buyer's Agent
Elizabeth Kapp
Long & Foster Real Estate, Inc.
List Price
$352,500
Sold Price
$320,000
Premium/Discount to List
-$32,500
-9.22%
Current Estimated Value
$562,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,135
Avg. Annual Appreciation
10.12%
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
Briggs Richard L $320,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Glass Ronald W $281,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2018 11/21/18 Sold $320,000 -3.0% $240 / Sq Ft
11/03/2018 11/03/18 Pending -- -- --
10/12/2018 10/12/18 Price Changed $329,900 -4.4% $248 / Sq Ft
06/24/2018 06/24/18 Price Changed $345,000 -2.1% $259 / Sq Ft
04/06/2018 04/06/18 For Sale $352,500 -- $265 / 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 $1,054 $22,900 $0 $22,900
2023 $1,053 $22,900 $0 $22,900
2022 $1,036 $22,900 $0 $22,900
2021 $1,005 $22,900 $0 $22,900
2020 $959 $22,900 $0 $22,900
2019 $955 $22,900 $0 $22,900
2018 $964 $25,500 $0 $0
2017 $972 $25,500 $0 $0
2016 $857 $25,500 $0 $0
2015 $883 $25,500 $0 $0
2014 $870 $25,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • William Hand

    Seller's Agent in 2018

    William Hand

    Long & Foster

    (443) 880-1980

    35 in this area

    43 Total Sales

    Section Image
  • Elizabeth Kapp

    Buyer's Agent in 2018

    Elizabeth Kapp

    Long & Foster

    (302) 569-0012

    4 in this area

    175 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: 1001572196

Bright MLS

APN: 134-17.00-41.00-56110

Delaware Sussex County Bethany Beach 19930

38934 Cypress Lake Cir Unit 56110, Bethany Beach, DE

This home is located at 38934 Cypress Lake Cir Unit 56110, Bethany Beach, DE 19930 since 06 April 2018 and is currently estimated at $558,870, approximately $419 per square foot. This property was built in 1998. 38934 Cypress Lake Cir Unit 56110 is a home located in Sussex County with nearby schools including Lord Baltimore Elementary School, Selbyville Middle School, and Indian River High School.

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