NOT LISTED FOR SALE

38952 Silver Sands Dr Bethany Beach, DE 19930

Estimated Value: $1,832,000 - $3,261,000

5 Beds
4 Baths
3,500 Sq Ft
$665/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $1,720,000 $491 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $12,906/month

2 Days on Market

Highlights

  • Coastal Architecture
  • Deck
  • Community Pool
  • Lord Baltimore Elementary School Rated A-
  • Furnished
  • Stainless Steel Appliances

About This Home

As of September 2021

Prestigious gated community of Watermark in North Bethany. Sit back and relax! Your search is over!!! This spectacular 5 bedroom, 4 bath home with inverted floor plan and elevator gives you the most serene privacy out of this community ,being located as the end property of community. Large screened porch and oversized deck overlooking the Salt Pond and wetlands where you can kayak and take in awesome sunsets and views of wildlife. Community infinity pool directly out your front door with small fitness center. 2.5 miles to downtown Bethany Beach. Located in the Quiet Resort area of Southern Delaware, North Bethany Beach and part of a seven mile stretch of picturesque, sandy Atlantic Ocean beaches a short 3 hour drive from both Washington, D.C. and Baltimore, MD. Watermark at North Bethany is situated on a premiere piece of land abutting Ocean Highway (Route 1) and state park land, just a short bike ride from the heart of Bethany Beach. Excellent rental history in this relatively new house that was custom built.

Last Agent to Sell the Property

CHARISSA JOACHIMOWSKI

(302) 539-7511 charissa@wilgusassociates.com WILGUS ASSOCIATES B License #RS-0014805 Listed on: 08/13/2021

Last Buyer's Agent

Christopher Beagle

(302) 273-4998 ashley.hess@compass.com Compass License #RS-0020683

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,387

Year Built

  • Built in 2014

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 75.00 x 104.00
  • East Facing Home
  • Sprinkler System
  • Property is zoned MR

HOA Fees

  • $301 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 4 Driveway Spaces
  • Oversized Parking
  • Front Facing Garage
  • Side Facing Garage

Home Design

  • Coastal Architecture
  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 3,500 Sq Ft Home
  • Property has 3 Levels
  • 1 Elevator
  • Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Double Hung Windows
  • Window Screens
  • Insulated Doors
  • Combination Kitchen and Dining Room
  • Carpet

Kitchen

  • Gas Oven or Range
  • Microwave
  • ENERGY STAR Qualified Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

Laundry

  • Electric Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed
  • Grab Bars
  • Doors are 32 inches wide or more

Outdoor Features

  • Deck
  • Enclosed Patio or Porch
  • Outdoor Grill

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Private Water Source
  • Electric Water Heater
  • Private Sewer

Additional Features

  • Energy-Efficient Windows
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 15
  • Assessor Parcel Number 134-09.00-1192.00

Community Details

Overview

  • $1,588 Capital Contribution Fee
  • Vacasa HOA, Phone Number (302) 541-8820
  • Watermark At North Bethany Subdivision
  • Property Manager

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,387

Year Built

Built in 2014

Lot Details

7,405 Sq Ft Lot

HOA Fees

$301 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: 32"+ Wide Doors, Elevator, Grab Bars Mod
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: Sold furnished
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2014
  • Automatically Close On Close Date: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Gas, Dryer - Electric, Energy Star Refrigerator, Stainless Steel Appliances, Washer
  • Interior Amenities: Ceiling Fan(s), Combination Kitchen/Dining, Elevator, Kitchen - Island, Recessed Lighting, Window Treatments, Sprinkler System, Carpet
  • Window Features: Double Hung, Double Pane, Energy Efficient, Screens
  • Fireplace: No
  • Door Features: Insulated
  • Elevators Count: 1
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 3500
  • Living Area Sq Ft: 3500
  • Price Per Sq Ft: 511.43
  • Above Grade Finished Sq Ft: 3500
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Aluminum Siding
  • Exterior Features: Bbq Grill, Lawn Sprinkler
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Garage - Front Entry, Oversized, Garage - Side Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Driveway, Attached Garage
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Leased
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Private Sewer
  • Water Source: Private/Community Water

Condo/Co-op/Association

  • HOA Fees: 904.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Name: VACASA
  • HOA Phone: 3025418820
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Other Fees: 250.00
  • Other Fees Frequency: Unknown
  • Capital Contribution Fee: 1588.00

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 48100.00
  • Land Assessed Value: 12450.00
  • Lot Size Acres: 0.17
  • Lot Dimensions: 75.00 x 104.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7405.00
  • Outdoor Living Structures: Deck(s), Enclosed, Screened
  • Zoning: MR
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets Allowed: No
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 7377997
  • School Tax: 2117.00
  • Tax Annual Amount: 2387.00
  • Assessor Parcel Number: 134-09.00-1192.00
  • Tax Lot: 15
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2021

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2021
Closed on
Sep 30, 2021
Sold by
Lippy Donald E
Bought by
Gallo Stephen M and Gallo Heather M
Seller's Agent
CHARISSA JOACHIMOWSKI
WILGUS ASSOCIATES B
Buyer's Agent
Christopher Beagle
Compass
List Price
$1,790,000
Sold Price
$1,720,000
Premium/Discount to List
-$70,000
-3.91%
Current Estimated Value
$2,326,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$606,327
Avg. Annual Appreciation
6.97%
Original Mortgage
$1,280,000
Outstanding Balance
$1,167,241
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$1,159,086

Purchase Details

Listed on
Mar 25, 2013
Closed on
Aug 31, 2015
Sold by
Reserve At North Bethany Llc
Bought by
Lippy Donlad E and Lippy Kathleen P
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$940,000
Sold Price
$940,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.43%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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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
Gallo Stephen M $1,720,000 None Available
Lippy Donlad E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallo Stephen M $1,280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2021 09/30/21 Sold $1,720,000 -3.9% $491 / Sq Ft
08/15/2021 08/15/21 Pending -- -- --
08/13/2021 08/13/21 For Sale $1,790,000 +90.4% $511 / Sq Ft
08/31/2015 08/31/15 Sold $940,000 0.0% -- View Prior Sale
07/12/2015 07/12/15 Pending -- -- --
03/25/2013 03/25/13 For Sale $940,000 -- --
Source: Bright MLS

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
2025 $3,105 $60,550 $12,450 $48,100
2024 $2,504 $60,550 $12,450 $48,100
2023 $2,501 $60,550 $12,450 $48,100
2022 $2,461 $60,550 $12,450 $48,100
2021 $2,387 $60,550 $12,450 $48,100
2020 $2,278 $60,550 $12,450 $48,100
2019 $2,267 $60,550 $12,450 $48,100
2018 $2,289 $60,550 $0 $0
2017 $2,308 $60,550 $0 $0
2016 $2,034 $60,550 $0 $0
2015 $2,097 $60,550 $0 $0
2014 $425 $12,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2004338

Bright MLS

APN: 134-09.00-1192.00

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