NOT LISTED FOR SALE

39224 Timberlake Ct Unit 9501 Bethany Beach, DE 19930

Estimated Value: $435,000 - $489,000

2 Beds
2 Baths
848 Sq Ft
$536/Sq Ft Est. Value

Last Sold February 28, 2024

Last sale price $405,000 $478 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,197/month

11 Days on Market

Highlights

  • Beach
  • Fitness Center
  • Community Indoor Pool
  • Lord Baltimore Elementary School Rated A-
  • Coastal Architecture
  • Sauna

About This Home

As of February 2024

Welcome to your coastal retreat at Sea Colony! This inviting 2-bedroom, 2-bathroom condo offers a relaxed beach lifestyle for you and your family or rent it out as an investment. Being offered in FEE SIMPLE the ground lease has been paid off on this unit saving you that additional annual cost.

Step inside to discover a bright and airy interior, flooded with natural light and highlighted by a cathedral ceiling. The open kitchen features granite counters and ample space for entertaining. The main living area boasts new LVP flooring, creating a seamless flow throughout. The bathrooms have been updated with tile floors and a tile shower in the primary bedroom. Outside you will find your spacious private deck and the outdoor shower to use after a day at the beach or one of the many community pools... two of which are a quick walk from this unit. Enjoy the convenience of 2 roomy outdoor storage closets for all of your beach and pool gear. The roof on this unit was replaced in 2023 and the outside is power washed each Spring.

This community offers an impressive array of amenities, including access to indoor pools, multiple outdoor pools, a renowned Tennis Center with indoor and outdoor courts, Bocce, Pickleball, and a Fitness Center as well as many scenic walking and bike paths, lakes, and ponds throughout the community. They also provide tram/shuttle services. Don't miss the opportunity to make this coastal gem your own. Schedule your showing today!

Last Agent to Sell the Property

Jennifer Jones

(302) 545-1988 jenn@jenniferjonesrealtor.com Compass Listed on: 01/26/2024

Compass

Last Buyer's Agent

Craig R. Lynch

(443) 497-1881 craig@ocmdhomedeals.com Berkshire Hathaway HomeServices PenFed Realty - OP License #5007588

Berkshire Hathaway HomeServices PenFed Realty - OP

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $597

Year Built

  • Built in 1988

HOA Fees

Parking

  • Parking Lot

Home Design

  • Semi-Detached or Twin Home
  • Coastal Architecture
  • Pillar, Post or Pier Foundation
  • Frame Construction

Interior Spaces

  • 848 Sq Ft Home
  • Property has 1 Level
  • Partially Furnished

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Location

  • Flood Risk

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 134-17.00-48.00-9501

Community Details

Overview

  • $6,000 Capital Contribution Fee
  • Association fees include common area maintenance, insurance, cable TV, exterior building maintenance, lawn maintenance, management, pool(s), recreation facility, trash, snow removal, road maintenance
  • Sea Colony West Xi Community
  • Sea Colony West Subdivision
  • Property Manager

Amenities

  • Sauna
  • Recreation Room

Recreation

  • Beach
  • Tennis Courts
  • Indoor Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Indoor Pool

Pet Policy

  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$597

Year Built

Built in 1988

Lot Details

0

HOA Fees

$736 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-01-26
  • Federal Flood Zone: Yes
  • Year Built: 1988
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Foundation Details: Pillar/Post/Pier
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 848
  • Living Area Sq Ft: 848
  • Price Per Sq Ft: 465.80
  • Above Grade Finished Sq Ft: 848
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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
  • 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: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 725.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1483.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Beach, Exercise Room, Fitness Center, Pool - Indoor, Pool - Outdoor, Recreational Center, Sauna, Swimming Pool, Tennis - Indoor, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Cable Tv, Ext Bldg Maint, Lawn Maintenance, Management, Pool(s), Recreation Facility, Trash, Snow Removal, Road Maintenance
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 6000.00

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Zoning: HR-1
  • In City Limits: No

Rental Info

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

Tax Info

  • School Tax: 533.00
  • Tax Annual Amount: 597.00
  • Assessor Parcel Number: 134-17.00-48.00-9501
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2024
Closed on
Feb 28, 2024
Sold by
Luce Kathleen Sarah
Bought by
Smoot Thomas Ashley and Smoot Kristin Elizabeth
Seller's Agent
Jennifer Jones
Compass
Buyer's Agent
Craig R. Lynch
Berkshire Hathaway HomeServices PenFed Realty - OP
List Price
$395,000
Sold Price
$405,000
Premium/Discount to List
$10,000
2.53%
Views
73
Current Estimated Value
$454,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,749
Avg. Annual Appreciation
6.73%

Purchase Details

Listed on
Jan 26, 2024
Closed on
Feb 15, 2024
Sold by
Luce Kathleen Sarah and Perkins Stephanie M
Bought by
Luce Kathleen Sarah
Seller's Agent
Jennifer Jones
Compass
Buyer's Agent
Craig R. Lynch
Berkshire Hathaway HomeServices PenFed Realty - OP
List Price
$395,000
Sold Price
$405,000
Premium/Discount to List
$10,000
2.53%
Views
73

Purchase Details

Closed on
Dec 6, 2021
Sold by
Luce Kathleen S
Bought by
Luce Kathleen S and Perkins Stephanie M

Purchase Details

Closed on
Nov 15, 2021
Sold by
Cmff Sea Colony Gl Llc
Bought by
Luce Kathleen Sarah

Purchase Details

Listed on
Jun 15, 2018
Closed on
Aug 12, 2019
Sold by
Hasheminejad Majid and Atighechi Azadeh
Bought by
Luce Kathleen S
Seller's Agent
Anna Meiklejohn
Long & Foster Real Estate, Inc.
Buyer's Agent
Ann Raskauskas
BETHANY AREA REALTY LLC
List Price
$249,000
Sold Price
$215,000
Premium/Discount to List
-$34,000
-13.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.56%
Original Mortgage
$161,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2000
Bought by
Hasheminejad Majid and Azadeh Atighec
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Smoot Thomas Ashley $405,000 Lakeside Title Company
Luce Kathleen Sarah -- None Listed On Document
Luce Kathleen S -- None Available
Luce Kathleen Sarah -- None Listed On Document
Luce Kathleen Sarah -- Scott And Shuman Pa
Luce Kathleen Sarah -- None Listed On Document
Luce Kathleen S $215,000 --
Hasheminejad Majid $110,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Luce Kathleen S $161,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2024 02/28/24 Sold $405,000 +2.5% $478 / Sq Ft
01/26/2024 01/26/24 For Sale $395,000 +83.7% $466 / Sq Ft
08/12/2019 08/12/19 Sold $215,000 -4.4% $254 / Sq Ft View Prior Sale
07/07/2019 07/07/19 Pending -- -- --
06/13/2019 06/13/19 Price Changed $224,900 -2.2% $265 / Sq Ft
06/02/2019 06/02/19 Price Changed $229,900 -2.1% $271 / Sq Ft
05/10/2019 05/10/19 Price Changed $234,900 -3.7% $277 / Sq Ft
10/13/2018 10/13/18 Price Changed $244,000 -2.0% $288 / Sq Ft
06/16/2018 06/16/18 For Sale $249,000 -- $294 / 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
2025 $822 $12,150 $0 $12,150
2024 $597 $12,150 $0 $12,150
2023 $597 $12,150 $0 $12,150
2022 $587 $12,150 $0 $12,150
2021 $570 $12,150 $0 $12,150
2020 $544 $12,150 $0 $12,150
2019 $541 $12,150 $0 $12,150
2018 $546 $14,450 $0 $0
2017 $551 $14,450 $0 $0
2016 $485 $14,450 $0 $0
2015 $500 $14,450 $0 $0
2014 $493 $14,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2054822

Bright MLS

APN: 134-17.00-48.00-9501