NOT LISTED FOR SALE

38934 Cypress Lake Cir Unit 56115 Bethany Beach, DE 19930

Estimated Value: $656,723 - $829,000

4 Beds
3 Baths
1,950 Sq Ft
$561/mo HOA Fee

Last Sold August 12, 2022

Last sale price $711,750 $365 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,974/month

3 Days on Market

Highlights

  • Beach
  • Fitness Center
  • Lake Privileges
  • Lord Baltimore Elementary School Rated A-
  • 19.37 Acre Lot
  • Community Indoor Pool

About This Home

As of August 2022

This large Upper Vista has 3 bedrooms +1 bedroom loft, 3 full baths, wrap-around screened porch overlooks woods, sun deck, gas fireplace, cathedral ceiling with bright sunny interior, ample closet space, outdoor storage closet for beach chairs/umbrella, updated kitchen pantry, and full-size washer/dryer. located in the sought after Pine Lake Community and Phase XX of Sea Colony’s beautiful Tennis Community. Situated on a quiet corner cul-de-sac backed up to woods. Enjoy the screened and open porches, living room, dining room, kitchen, master en-suite Completely remodeled kitchen in 2016, Being sold fully furnished and turnkey. This property is a non-rental owners used it for enjoyment. Steps to newly designed Aquatic Center and the state-of-the-art Freeman Fitness Center and within easy walking distance from the Pine Lake heated pool. With 2 beach tram stops nearby, enjoy easy access to the half mile private lifeguarded beach and oceanfront pools. Tennis lovers will be in heaven with the USTA award winning program, 34 courts (6 indoor) and pros, clinics, and camps! If you have been craving water views and a beach home in Sea Colony, your time is now! Please call to schedule your private showing today. On file is pre listing home inspection from a local reputable firm - sharing with all qualified buyers.

Last Agent to Sell the Property

Stephen Morgan

Keller Williams Realty License #RS-0020476 Listed on: 06/24/2022

Keller Williams Realty

Last Buyer's Agent

Leon Nasar

NextHome Envision License #0225187919

NextHome Envision

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,265

Year Built

  • Built in 1999 | Remodeled in 2016

Lot Details

  • Land Lease of $2,000 per year expires in 77 years
  • Ground Rent expires in 77 years

HOA Fees

Parking

  • Parking Lot

Home Design

  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Wood Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,950 Sq Ft Home
  • Property has 1.5 Levels
  • Furnished
  • Gas Fireplace
  • Loft
  • Partial Basement
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Lake Privileges
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 134-17.00-41.00-56115

Community Details

Overview

  • $4,000 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn maintenance, management, pool(s), snow removal, trash
  • Low-Rise Condominium
  • Built by Carl M. Freeman
  • Sea Colony West Subdivision, Vista Floorplan
  • Sea Colony West Xx Community

Recreation

  • Beach
  • Tennis Courts
  • Indoor Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Indoor Pool
  • Community Spa
  • Jogging Path

Pet Policy

  • Pets Allowed

Additional Features

  • Sauna
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,265

Year Built

Built in 1999 | Remodeled in 2016

Lot Details

0

HOA Fees

$561 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
  • Ownership: Land Lease
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2022-07-12
  • Federal Flood Zone: Yes
  • Year Built: 1999
  • Year Renovated: 2016
  • Automatically Close On Close Date: No
  • Remarks Public: This large Upper Vista has 3 bedrooms +1 bedroom loft, 3 full baths, wrap-around screened porch overlooks woods, sun deck, gas fireplace, cathedral ceiling with bright sunny interior, ample closet space, outdoor storage closet for beach chairs/umbrella, updated kitchen pantry, and full-size washer/dryer. located in the sought after Pine Lake Community and Phase XX of Sea Colony’s beautiful Tennis Community. Situated on a quiet corner cul-de-sac backed up to woods. Enjoy the screened and open porches, living room, dining room, kitchen, master en-suite Completely remodeled kitchen in 2016, Being sold fully furnished and turnkey. This property is a non-rental owners used it for enjoyment. Steps to newly designed Aquatic Center and the state-of-the-art Freeman Fitness Center and within easy walking distance from the Pine Lake heated pool. With 2 beach tram stops nearby, enjoy easy access to the half mile private lifeguarded beach and oceanfront pools. Tennis lovers will be in heaven with the USTA award winning program, 34 courts (6 indoor) and pros, clinics, and camps! If you have been craving water views and a beach home in Sea Colony, your time is now! Please call to schedule your private showing today. On file is pre listing home inspection from a local reputable firm - sharing with all qualified buyers.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 2
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Concrete Perimeter
  • Levels Count: 1.5
  • Room List: Loft
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 1950
  • Living Area Sq Ft: 1950
  • Price Per Sq Ft: 368.72
  • Above Grade Finished Sq Ft: 1950
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38934

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Aluminum Siding
  • Roof: Pitched, Wood, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 2672.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 4060.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Basketball Courts, Beach, Fitness Center, Hot Tub, Jog/Walk Path, Pool - Indoor, Pool - Outdoor, Sauna, Security, Swimming Pool, Tennis - Indoor, Tennis Courts, Tot Lots/Playground, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Management, Pool(s), Snow Removal, Trash
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Capital Contribution Fee: 4000.00

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Lease Amount: 2000.00
  • Land Lease Amt Freq: Annually
  • Land Lease Years Remaining: 77
  • Land Use Code: RC
  • Lot Size Acres: 19.37
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 843757.00
  • Year Assessed: 2021
  • Zoning: HR-2
  • In City Limits: No

Building Info

  • Builder Name: Carl M. Freeman

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: Yes
  • Ground Rent Years Remaining: 77
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5114407
  • School Tax: 1122.00
  • Tax Annual Amount: 1265.00
  • Assessor Parcel Number: 134-17.00-41.00-56115
  • Tax Total Finished Sq Ft: 1270
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 08/12/2022

Multi Family

  • Federal Flood Zone: AE
  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: INDIAN RIVER

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Nasar Leon Sheldon $604,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2022 08/12/22 Sold $711,750 -1.0% $365 / Sq Ft
06/27/2022 06/27/22 Pending -- -- --
06/24/2022 06/24/22 For Sale $719,000 -- $369 / 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 $1,327 $28,900 $0 $28,900
2023 $1,326 $28,900 $0 $28,900
2022 $1,304 $28,900 $0 $28,900
2021 $70 $28,900 $0 $28,900
2020 $1,196 $28,900 $0 $28,900
2019 $1,082 $28,900 $0 $28,900
2018 $1,214 $32,100 $0 $0
2017 $1,224 $32,100 $0 $0
2016 $1,078 $32,100 $0 $0
2015 $1,112 $32,100 $0 $0
2014 $1,095 $32,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2023286

Bright MLS

APN: 134-17.00-41.00-56115