NOT LISTED FOR SALE

38947 Cypress Lake Cir Unit 56152 Bethany Beach, DE 19930

Estimated Value: $701,000 - $757,000

3 Beds
2 Baths
1,475 Sq Ft
$717/mo HOA Fee

Last Sold October 18, 2024

Last sale price $735,000 $498 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,855/month

1 Day on Market

Highlights

  • 50 Feet of Waterfront
  • Beach
  • Fitness Center
  • Lord Baltimore Elementary School Rated A-
  • Private Beach
  • Water Oriented

About This Home

As of October 2024

Welcome to Cypress Lake Circle in Sea Colony West! This lakefront lower Vista has been completely remodeled and only a short walk to the popular Aquatic and Fitness Centers! Your new home in Sea Colony features LVP flooring in the main areas and new carpet in all 3 bedrooms! The centerpiece of the living room is the gas fireplace surrounded in shiplap! Additional recessed lighting has been added throughout! Both bathrooms have been fully renovated from top to bottom, including custom tile and tasteful high end fixtures! Unlike many Vista models, the master bedroom in this condo features an additional closet - because you can never have too many closets! On those warm, Summer days you can relax outside in your screened porch overlooking Cypress Lake! A large storage closet is right out your front door! Multiple indoor & outdoor pools, w Fitness Centers, one of a kind Tennis Center, 1/2 mile private beach, year round security, amenities like no other community....whether you're looking for a second home, rental property or just want to downsize and relocate, there is no better place to be than Sea Colony!

Last Agent to Sell the Property

DAVE LEIDERMAN

Keller Williams Realty Listed on: 09/20/2024

Keller Williams Realty

Last Buyer's Agent

Cindy Sakowski

Keller Williams Realty License #RS-0018857

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,068

Year Built

  • Built in 2000 | Remodeled in 2023

Lot Details

  • 50 Feet of Waterfront
  • Lake Front
  • Private Beach
  • South Facing Home
  • Land Lease expires in 75 years
  • Ground Rent expires in 75 years

HOA Fees

Home Design

  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 1,475 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Window Treatments
  • Sliding Windows
  • Window Screens
  • Combination Dining and Living Room
  • Lake Views

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Parking

  • Parking Lot
  • Assigned Parking

Accessible Home Design

  • Doors are 32 inches wide or more
  • No Interior Steps
  • Level Entry For Accessibility

Outdoor Features

  • Water Oriented
  • Property is near a lake
  • Shared Waterfront
  • Screened Patio
  • Water Fountains
  • Outbuilding
  • Playground
  • Play Equipment
  • Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cooling System Utilizes Bottled Gas
  • Back Up Electric Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 134-17.00-41.00-56152

Community Details

Overview

  • $6,000 Capital Contribution Fee
  • Association fees include bus service, cable TV, common area maintenance, exterior building maintenance, health club, insurance, lawn maintenance, management, pest control, pool(s), recreation facility, reserve funds, road maintenance, snow removal, trash
  • Low-Rise Condominium
  • Sea Colony Phase Xx Condos
  • Built by Freeman
  • Sea Colony West Subdivision, Vista Floorplan
  • Sea Colony West Xx Community
  • Property Manager

Amenities

  • Common Area
  • Community Center
  • Meeting Room
  • Recreation Room

Recreation

  • Beach
  • Tennis Courts
  • Indoor Tennis Courts
  • Volleyball Courts
  • Community Playground
  • Fitness Center
  • Community Indoor Pool
  • Community Pool or Spa Combo
  • Jogging Path

Pet Policy

  • Dogs and Cats Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,068

Year Built

Built in 2000 | Remodeled in 2023

Lot Details

0

HOA Fees

$717 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: 32"+ Wide Doors, Level Entry - Main, No Stairs
  • Ownership: Land Lease
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-09-20
  • Federal Flood Zone: No
  • Year Built: 2000
  • Year Renovated: 2023
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to Cypress Lake Circle in Sea Colony West! This lakefront lower Vista has been completely remodeled and only a short walk to the popular Aquatic and Fitness Centers! Your new home in Sea Colony features LVP flooring in the main areas and new carpet in all 3 bedrooms! The centerpiece of the living room is the gas fireplace surrounded in shiplap! Additional recessed lighting has been added throughout! Both bathrooms have been fully renovated from top to bottom, including custom tile and tasteful high end fixtures! Unlike many Vista models, the master bedroom in this condo features an additional closet - because you can never have too many closets! On those warm, Summer days you can relax outside in your screened porch overlooking Cypress Lake! A large storage closet is right out your front door! Multiple indoor & outdoor pools, w Fitness Centers, one of a kind Tennis Center, 1/2 mile private beach, year round security, amenities like no other community....whether you're looking for a second home, rental property or just want to downsize and relocate, there is no better place to be than Sea Colony!
  • Washer Dryer Hookups YN: Yes
  • Special Features: NewHome
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Luxury Vinyl Plank, Carpet, Ceramic Tile
  • Interior Amenities: Bathroom - Walk-In Shower, Bathroom - Tub Shower, Carpet, Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Floor Plan - Open, Pantry, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Window Treatments
  • Window Features: Screens, Sliding
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Main Floor, Lower Floor, Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1475
  • Living Area Sq Ft: 1475
  • Price Per Sq Ft: 491.53
  • Above Grade Finished Sq Ft: 1475
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38947

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, Below Grade
  • Construction Materials: Frame, Aluminum Siding
  • Exterior Features: Outbuilding(s), Private Beach, Sidewalks, Street Lights, Tennis Court(s), Water Fountains, Play Area, Play Equipment
  • Spa: No
  • View: Lake
  • Water Access: No
  • Water Body Name: Cypress Lake
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes
  • Water Frontage In Feet: 50

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Bottled Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central, Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Community
  • Internet Services: Cable, Broadband

Condo/Co-op/Association

  • HOA Fees: 761.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1390.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Sea Colony Phase XX
  • HOA Condo Co-Op Amenities: Beach, Cable, Common Grounds, Community Center, Exercise Room, Fitness Center, Jog/Walk Path, Meeting Room, Pool - Indoor, Pool - Outdoor, Recreational Center, Reserved/Assigned Parking, Security, Tennis - Indoor, Tennis Courts, Tot Lots/Playground, Volleyball Courts
  • HOA Condo Co-Op Fee Includes: Bus Service, Cable Tv, Common Area Maintenance, Ext Bldg Maint, Health Club, Insurance, Lawn Maintenance, Management, Pest Control, Pool(s), Recreation Facility, Reserve Funds, Road Maintenance, Snow Removal, Trash
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: Indoor, Pool/Spa Combo

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: 3rd Party
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396898
  • School District Source: 3rd Party
  • Elementary School: LORD BALTIMORE
  • High School: INDIAN RIVER
  • Middle Or Junior School: SELBYVILLE

Lot Info

  • Horses: No
  • Land Lease Amt Freq: Annually
  • Land Lease Years Remaining: 75
  • Land Use Code: 999
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Porch(es), Screened
  • Year Assessed: 2023
  • Zoning: HR-1
  • In City Limits: No

Building Info

  • Builder Name: Freeman

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: Yes
  • Ground Rent Years Remaining: 75
  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 953.00
  • Tax Annual Amount: 1068.00
  • Assessor Parcel Number: 134-17.00-41.00-56152
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 10/18/2024

Multi Family

  • Income Expense List: Annual Ground Rent
  • Waterfront Features: Shared

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2024
Closed on
Dec 6, 2024
Sold by
Cmf Sc Owner Llc
Bought by
Flor Jaclyn J and Penza Christian G
Seller's Agent
DAVE LEIDERMAN
Keller Williams Realty
Buyer's Agent
Cindy Sakowski
Keller Williams Realty
List Price
$725,000
Sold Price
$735,000
Premium/Discount to List
$10,000
1.38%
Total Days on Market
1
Views
39
Current Estimated Value
$724,108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,892
Avg. Annual Appreciation
-2.34%

Purchase Details

Listed on
Sep 20, 2024
Closed on
Oct 18, 2024
Sold by
Ehrlich Howard M and Ehrlich Sharon B
Bought by
Flor Jaclyn J and Penza Christian G
Seller's Agent
DAVE LEIDERMAN
Keller Williams Realty
Buyer's Agent
Cindy Sakowski
Keller Williams Realty
List Price
$725,000
Sold Price
$735,000
Premium/Discount to List
$10,000
1.38%
Views
39

Purchase Details

Listed on
May 20, 2022
Closed on
Jun 24, 2022
Sold by
Solomon Gerald D and Solomon Leslie M
Bought by
Ehrlich Howard M and Ehrlich Sharon B
Seller's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
Buyer's Agent
Bill Cullin
Long & Foster Real Estate, Inc.
List Price
$699,000
Sold Price
$699,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.19%
Source: Public Records

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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
Flor Jaclyn J $20,292 None Listed On Document
Flor Jaclyn J $20,292 None Listed On Document
Flor Jaclyn J $735,000 None Listed On Document
Flor Jaclyn J $735,000 None Listed On Document
Ehrlich Howard M $699,000 Tunnell & Raysor Pa
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2024 10/18/24 Sold $735,000 +1.4% $498 / Sq Ft
09/20/2024 09/20/24 For Sale $725,000 +3.7% $492 / Sq Ft
06/24/2022 06/24/22 Sold $699,000 0.0% $538 / Sq Ft
05/22/2022 05/22/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $699,000 -- $538 / 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 $1,069 $22,900 $0 $22,900
2023 $1,068 $22,900 $0 $22,900
2022 $1,050 $22,900 $0 $22,900
2021 $1,019 $22,900 $0 $22,900
2020 $972 $22,900 $0 $22,900
2019 $968 $22,900 $0 $22,900
2018 $977 $25,850 $0 $0
2017 $986 $25,850 $0 $0
2016 $868 $25,850 $0 $0
2015 $895 $25,850 $0 $0
2014 $882 $25,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2068162

Bright MLS

APN: 134-17.00-41.00-56152