38948 Cypress Lake Cir Unit 56160 Bethany Beach, DE 19930
3
Beds
2
Baths
1,270
Sq Ft
$463/mo
HOA Fee
Highlights
- Beach
- Private Beach Club
- 24-Hour Security
- Lord Baltimore Elementary School Rated A-
- Fitness Center
- Transportation Service
About This Home
As of September 2024Award Winning "Vista" style floorplan in Sea Colony's newest neighborhood. Handicap accessible with no steps and wider doors. Wrap-a-round screened porch with wrap-a-round sliding glass doors in the living room/dining room. Sold fully furnished and move-in ready. Never offered for rent and carefully maintained by the owner for the exclusive use of the family. Newer dark stainless appliances and newer under warranty HVAC system. Easy beach access from the adjacent Sea Colony's free beach shuttle stop and just a few steps to the heated pool and splash pad in the communities Aquatics Center. Heated salt water indoor pool and fitness center close by. Care Free year-round security. Boardwalk and Bethany's downtown shops and restaurants are walking distance away.
Last Agent to Sell the Property
Long & Foster Real Estate, Inc. License #RA-0020486 Listed on: 07/29/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,068
Year Built
- Built in 2000
HOA Fees
- $463 Monthly HOA Fees
Parking
- Parking Lot
Home Design
- Frame Construction
- Architectural Shingle Roof
- Vinyl Siding
- Stick Built Home
Interior Spaces
- 1,270 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Furnished
- Bar
- Fireplace With Glass Doors
- Gas Fireplace
- Combination Dining and Living Room
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Washer and Dryer Hookup
Accessible Home Design
- Doors are 32 inches wide or more
- No Interior Steps
- More Than Two Accessible Exits
- Level Entry For Accessibility
Outdoor Features
- Lake Privileges
- Deck
- Screened Patio
- Wrap Around Porch
Utilities
- Forced Air Heating and Cooling System
- Back Up Electric Heat Pump System
- Electric Water Heater
Additional Features
- Ground Rent expires in 75 years
- Flood Risk
Listing and Financial Details
- Assessor Parcel Number 134-17.00-41.00-56160
Community Details
Overview
- $761 Recreation Fee
- $6,000 Capital Contribution Fee
- Association fees include bus service, cable TV, common area maintenance, exterior building maintenance, high speed internet, insurance, lawn maintenance, pool(s), recreation facility, reserve funds, sauna, trash, water
- Sea Colony West Phase Xx HOA
- Low-Rise Condominium
- Built by Carl M. Freeman Assoc., Inc.
- Sea Colony West Subdivision, Vista Floorplan
- Sea Colony West Xx Community
- Property Manager
- Community Lake
Amenities
- Transportation Service
- Picnic Area
- Sauna
- Clubhouse
- Community Center
- Meeting Room
- Party Room
- Recreation Room
- Convenience Store
Recreation
- Beach
- Private Beach Club
- Tennis Courts
- Indoor Tennis Courts
- Community Basketball Court
- Community Playground
- Fitness Center
- Community Indoor Pool
- Community Spa
- Recreational Area
- Jogging Path
- Bike Trail
Pet Policy
- Pets allowed on a case-by-case basis
Security
- 24-Hour Security
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 29, 2024
Closed on
Sep 9, 2024
Sold by
Musser C Eugene C and Musser Donna L
Bought by
Magnolia Heritage Trust and Levy
Seller's Agent
William Hand
Long & Foster Real Estate, Inc.
Buyer's Agent
DENISE SISOFO
Patterson-Schwartz-Hockessin
List Price
$639,900
Sold Price
$625,000
Premium/Discount to List
-$14,900
-2.33%
Total Days on Market
8
Views
42
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,635
Avg. Annual Appreciation
-0.81%
Original Mortgage
$465,000
Outstanding Balance
$462,139
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$159,226
Purchase Details
Closed on
Dec 30, 2002
Bought by
Musser Musser C and Musser Donna L
Similar Homes in Bethany Beach, DE
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $625,000 | None Listed On Document | |
| Deed | $625,000 | None Listed On Document | |
| Deed | $325,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $465,000 | New Conventional | |
| Closed | $465,000 | New Conventional | |
| Previous Owner | $250,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/09/2024 09/09/24 | Sold | $625,000 | 0.0% | $492 / Sq Ft |
| 08/07/2024 08/07/24 | Pending | -- | -- | -- |
| 08/01/2024 08/01/24 | Price Changed | $625,000 | -2.3% | $492 / Sq Ft |
| 07/29/2024 07/29/24 | For Sale | $639,900 | -- | $504 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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
-
William Hand
Seller's Agent in 2024
William Hand
Long & Foster
(443) 880-1980
42 in this area
50 Total Sales
-
DENISE SISOFO
D
Buyer's Agent in 2024
DENISE SISOFO
Patterson Schwartz
(484) 723-3347
1 in this area
16 Total Sales
Map
Source: Bright MLS
MLS Number: DESU2067304
APN: 134-17.00-41.00-56160
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