NOT LISTED FOR SALE

39362 Racquet Ln Unit 8607 Bethany Beach, DE 19930

Estimated Value: $497,639 - $591,000

3 Beds
2 Baths
-- Sq Ft
$429/mo HOA Fee

Last Sold December 17, 2020

Last sale price $377,000

Est. 48% increase in value since last sale

Current estimated payment $3,639/month

Highlights

  • Beach
  • Private Beach Club
  • 24-Hour Security
  • Lord Baltimore Elementary School Rated A-
  • Fitness Center
  • Transportation Service

About This Home

As of December 2020

Sea Colony Villa adjacent to the community's top ten rated tennis club with its' indoor and outdoor year-round courts. Centrally located. Walk to the 1/2 mile private ocean beach, indoor and outdoor tennis courts and heated indoor and outdoor salt water pools. Free Shuttle in the summertime. End location make for a bright and sunny interior. Wide open cathedral ceilings and a wood burning fireplace create an inviting space. New counter-tops and back splash. New heating and air conditioning systems last year. Never offered as a vacation rental and in pristine move-in condition.

Last Agent to Sell the Property

William Hand

Long & Foster Real Estate, Inc. License #RA-0020486 Listed on: 10/31/2020

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Dustin Oldfather

Compass License #RS-0017091

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $933

Year Built

  • 1987

Lot Details

  • Ground Rent expires in 66 years

HOA Fees

  • $429 Monthly HOA Fees

Home Design

  • Stick Built Home

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Double Pane Windows
  • Green House Windows
  • Window Screens
  • Combination Dining and Living Room

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Parking

  • Parking Lot
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Back Up Electric Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 134-17.00-48.00-8607

Community Details

Overview

  • $618 Recreation Fee
  • $2,000 Capital Contribution Fee
  • Association fees include cable TV, common area maintenance, high speed internet, insurance, lawn maintenance, management, pool(s), recreation facility, reserve funds, sauna, snow removal, trash, water
  • Low-Rise Condominium
  • Sea Colony West, Phase Xx Condos
  • Sea Colony West X Community
  • Sea Colony West Subdivision
  • Property Manager
  • Community Lake

Amenities

  • Transportation Service
  • Common Area
  • Sauna
  • Community Center
  • Meeting Room

Recreation

  • Beach
  • Private Beach Club
  • Tennis Courts
  • Indoor Tennis Courts
  • Community Basketball Court
  • Fitness Center
  • Community Indoor Pool
  • Community Spa
  • Jogging Path
  • Bike Trail

Security

  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$933

Year Built

1987

Lot Details

0

HOA Fees

$429 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Condominium
  • Exclusions: Living Room Glass Coffee Table; Dining Room Glass Dining Table & Chairs; Pictures,Wall Hangings (mirrors); Table Lamps in the living room and master bedroom.
  • Home Warranty: No
  • Inclusions: Sold Furnished
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2020-10-31
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Remarks Public: Sea Colony Villa adjacent to the community's top ten rated tennis club with its' indoor and outdoor year-round courts. Centrally located. Walk to the 1/2 mile private ocean beach, indoor and outdoor tennis courts and heated indoor and outdoor salt water pools. Free Shuttle in the summertime. End location make for a bright and sunny interior. Wide open cathedral ceilings and a wood burning fireplace create an inviting space. New counter-tops and back splash. New heating and air conditioning systems last year. Never offered as a vacation rental and in pristine move-in condition.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1987

Interior Features

  • Entry Floor: 2
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Floor Plan - Open
  • Window Features: Double Pane, Green House, Screens
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 39362

Beds/Baths

  • Bedrooms: 3
  • 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: Stick Built
  • Exterior Features: Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Security: 24 Hour Security
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1287.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Sea Colony West, Phase XX
  • HOA Condo Co-Op Amenities: Beach, Basketball Courts, Beach Club, Bike Trail, Cable, Common Grounds, Community Center, Exercise Room, Fitness Center, Hot Tub, Jog/Walk Path, Lake, Meeting Room, Pool - Indoor, Pool - Outdoor, Sauna, Security, Swimming Pool, Tennis - Indoor, Tennis Courts, Transportation Service
  • HOA Condo Co-Op Fee Includes: Cable Tv, Common Area Maintenance, High Speed Internet, Insurance, Lawn Maintenance, Management, Pool(s), Recreation Facility, Reserve Funds, Sauna, Snow Removal, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: 618.00
  • Association Recreation Fee: Yes

Fee Information

  • Capital Contribution Fee: 2000.00

Schools

  • School District: INDIAN RIVER
  • School District Key: 300200396898
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2020
  • Zoning: HR-2
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: Yes
  • Ground Rent Years Remaining: 66
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5114975
  • School Tax: 822.00
  • Tax Annual Amount: 933.00
  • Assessor Parcel Number: 134-17.00-48.00-8607
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 12/17/2020

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2020
Closed on
Dec 17, 2020
Sold by
Kapp Thomas C and Cole Regina K
Bought by
Neurauter George C and Dunn Marta L
Seller's Agent
William Hand
Long & Foster Real Estate, Inc.
Buyer's Agent
Dustin Oldfather
Compass
List Price
$374,900
Sold Price
$377,000
Premium/Discount to List
$2,100
0.56%
Total Days on Market
0
Current Estimated Value
$556,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,660
Avg. Annual Appreciation
9.16%
Original Mortgage
$301,600
Outstanding Balance
$272,200
Interest Rate
2.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$285,094

Purchase Details

Closed on
Nov 30, 1987
Bought by
Kelley James H and Kelley Andrea L
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
Neurauter George C $377,000 None Available
Kelley James H $114,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neurauter George C $301,600
Previous Owner Kapp Thomas C $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2020 12/17/20 Sold $377,000 +0.6% --
11/01/2020 11/01/20 Pending -- -- --
10/31/2020 10/31/20 For Sale $374,900 +49.4% --
09/24/2019 09/24/19 Sold $251,000 +9.6% --
08/24/2019 08/24/19 Pending -- -- --
08/16/2019 08/16/19 For Sale $229,000 -- --
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 $1,025 $21,750 $0 $21,750
2023 $1,024 $21,750 $0 $21,750
2022 $1,008 $21,750 $0 $21,750
2021 $978 $21,750 $0 $21,750
2020 $933 $21,750 $0 $21,750
2019 $929 $21,750 $0 $21,750
2018 $938 $24,800 $0 $0
2017 $945 $24,800 $0 $0
2016 $833 $24,800 $0 $0
2015 $859 $24,800 $0 $0
2014 $846 $24,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU172358

Bright MLS

APN: 134-17.00-48.00-8607