NOT LISTED FOR SALE

38938 Cypress Lake Cir Unit 56119 Bethany Beach, DE 19930

Estimated Value: $704,000 - $765,000

4 Beds
3 Baths
1,650 Sq Ft
$790/mo HOA Fee

Last Sold March 11, 2024

Last sale price $750,000 $455 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,801/month

1 Day on Market

Highlights

  • Fitness Center
  • View of Trees or Woods
  • Coastal Architecture
  • Lord Baltimore Elementary School Rated A-
  • Open Floorplan
  • Community Indoor Pool

About This Home

As of March 2024

Open and bright - this beautifully maintained Upper Vista offers an incredible location and perfect amount of space! Sold In Fee (no Ground Rent)! Freshly painted, with new LVP flooring through main living areas, and cheerfully furnished, you will be able to start enjoying life at the beach immediately. This layout is sought after for its size and functionality with 3 Full Baths and 4 Bedroom spaces. This one features the 4th space fully enclosed for privacy and function. A large wraparound screened porch will become a favorite summer coffee or hangout spot. Tucked away in the beautiful Pine Lake community of Sea Colony, this home also has quick easy access to the Assawoman Canal Trail. A peaceful walk through the woods and along the water is just steps away! Not to mention all the other enticing amenities to choose from throughout Sea Colony. Hop on a beach shuttle that delivers you to the 1/2 mile of beautiful private guarded Sea Colony beaches, or enjoy the massive Fitness Center or myriad of pools (2 indoor, 11 outdoor), tennis/pickleball courts (indoor and out), playgrounds, basketball, and a jogging/biking path.

Last Agent to Sell the Property

Sarah Schifano

Long & Foster Real Estate, Inc. Listed on: 02/10/2024

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Ann Baker/noLng

Long & Foster Real Estate, Inc. License #RA-0020487

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,342

Year Built

  • Built in 2000

Lot Details

  • Property is in excellent condition

HOA Fees

Parking

  • 3 Off-Street Spaces

Home Design

  • Coastal Architecture
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,650 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • 1 Fireplace
  • Views of Woods

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Screened Patio
  • Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Private Water Source
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-17.00-41.00-56119

Community Details

Overview

  • $6,000 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, lawn maintenance, management, pest control, pool(s), recreation facility, reserve funds, water, trash, cable TV, high speed internet
  • Sea Colony Recreation Association
  • Low-Rise Condominium
  • Sea Colony West Phase Xx Condos
  • Sea Colony West Xx Community
  • Sea Colony West Subdivision
  • Property Manager

Recreation

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

Pet Policy

  • Dogs and Cats Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,342

Year Built

Built in 2000

Lot Details

0

HOA Fees

$790 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Exclusions: Patio lights, grill, contents of shed and owners closer, a few kitchen items (griddle and some serving pieces), appletv, two art pieces in dining area. Stager items - plants, some throw pillows, hand towels, items on entry deck.
  • Inclusions: Furnishings & Accessories
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2000
  • Automatically Close On Close Date: No
  • Remarks Public: Open and bright - this beautifully maintained Upper Vista offers an incredible location and perfect amount of space! Sold In Fee (no Ground Rent)! Freshly painted, with new LVP flooring through main living areas, and cheerfully furnished, you will be able to start enjoying life at the beach immediately. This layout is sought after for its size and functionality with 3 Full Baths and 4 Bedroom spaces. This one features the 4th space fully enclosed for privacy and function. A large wraparound screened porch will become a favorite summer coffee or hangout spot. Tucked away in the beautiful Pine Lake community of Sea Colony, this home also has quick easy access to the Assawoman Canal Trail. A peaceful walk through the woods and along the water is just steps away! Not to mention all the other enticing amenities to choose from throughout Sea Colony. Hop on a beach shuttle that delivers you to the 1/2 mile of beautiful private guarded Sea Colony beaches, or enjoy the massive Fitness Center or myriad of pools (2 indoor, 11 outdoor), tennis/pickleball courts (indoor and out), playgrounds, basketball, and a jogging/biking path.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Disposal, Oven/Range - Electric, Refrigerator, Microwave, Water Heater, Washer, Dryer
  • Entry Floor: 2
  • Flooring Type: Luxury Vinyl Plank, Carpet
  • Interior Amenities: Ceiling Fan(s), Floor Plan - Open
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 1650
  • Living Area Sq Ft: 1650
  • Price Per Sq Ft: 421.21
  • Above Grade Finished Sq Ft: 1650
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38938

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
  • Construction Materials: Frame, Vinyl Siding
  • View: Trees/Woods, Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 3

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 725.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1643.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Sea Colony West Phase XX
  • HOA Condo Co-Op Amenities: Basketball Courts, Exercise Room, Fitness Center, Jog/Walk Path, Pool - Indoor, Pool - Outdoor, Security, Swimming Pool, Tennis - Indoor, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Management, Pest Control, Pool(s), Recreation Facility, Reserve Funds, Water, Trash, Cable Tv, High Speed Internet
  • HOA Name: SEA COLONY RECREATION ASSOCIATION
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: Indoor, Heated, In Ground

Fee Information

  • Capital Contribution Fee: 6000.00

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

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Screened, Porch(es)
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: HR-2
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • School Tax: 1198.00
  • Tax Annual Amount: 1342.00
  • Assessor Parcel Number: 134-17.00-41.00-56119
  • Tax Total Finished Sq Ft: 1270
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 03/11/2024

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2024
Closed on
Mar 11, 2024
Sold by
Wolf Kevin M and Wolf Elizabeth A
Bought by
Rochelle H Lubetkin Trust and Lubetkin
Seller's Agent
Sarah Schifano
Long & Foster Real Estate, Inc.
Buyer's Agent
Ann Baker/noLng
Long & Foster Real Estate, Inc.
List Price
$695,000
Sold Price
$750,000
Premium/Discount to List
$55,000
7.91%
Total Days on Market
1
Views
34
Current Estimated Value
$734,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,276
Avg. Annual Appreciation
-1.67%

Purchase Details

Listed on
Mar 5, 2013
Closed on
May 1, 2013
Sold by
Mcdonough John L and Mcdonough Marian A
Bought by
Wolf Kevin M and Wolf Elizabeth A
Seller's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
Buyer's Agent
Sarah Schifano
Long & Foster Real Estate, Inc.
List Price
$430,000
Sold Price
$430,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.25%
Original Mortgage
$344,000
Interest Rate
3.6%

Purchase Details

Listed on
Mar 5, 2013
Closed on
Apr 26, 2013
Sold by
Mcdonough John L and Mcdonough Marian A
Bought by
Wolf Kevin M and Wolf Elizabeth A
Seller's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
Buyer's Agent
Sarah Schifano
Long & Foster Real Estate, Inc.
List Price
$430,000
Sold Price
$430,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
3.6%
Source: Public Records

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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
Rochelle H Lubetkin Trust $750,000 None Listed On Document
Wolf Kevin M $430,000 --
Wolf Kevin M $430,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wolf Kevin M $344,000
Previous Owner Wolf Kevin M $344,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2024 03/11/24 Sold $750,000 +7.9% $455 / Sq Ft
02/10/2024 02/10/24 For Sale $695,000 +61.6% $421 / Sq Ft
04/26/2013 04/26/13 Sold $430,000 0.0% --
03/24/2013 03/24/13 Pending -- -- --
03/05/2013 03/05/13 For Sale $430,000 -- --
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 $1,344 $28,900 $0 $28,900
2023 $1,342 $28,900 $0 $28,900
2022 $1,321 $28,900 $0 $28,900
2021 $1,281 $28,900 $0 $28,900
2020 $1,222 $28,900 $0 $28,900
2019 $1,217 $28,900 $0 $28,900
2018 $1,229 $32,500 $0 $0
2017 $1,239 $32,500 $0 $0
2016 $1,092 $32,500 $0 $0
2015 $1,125 $32,500 $0 $0
2014 $1,109 $32,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2055834

Bright MLS

APN: 134-17.00-41.00-56119