NOT LISTED FOR SALE

39560 Dune Rd Bethany Beach, DE 19930

Estimated Value: $568,480 - $1,267,000

4 Beds
2.5 Baths
2,261 Sq Ft
$452/Sq Ft Est. Value

Last Sold May 10, 2021

Last sale price $810,000 $358 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $6,052/month

Highlights

  • Beach
  • Oceanside
  • Coastal Architecture
  • Lord Baltimore Elementary School Rated A-
  • 0.9 Acre Lot
  • Deck

About This Home

As of May 2021

Major Price Reduction on this beautiful ocean block beach house in North Bethany Beach, DE offers a generous 2,261 sq. ft. floor plan with 4 bedrooms and 2.1 bathrooms. The welcoming front door is on a spacious porch which is ideal for outdoor entertaining. The first floor has a grand foyer that doubles as a dining area, an oversized living room with hardwood floors, efficient kitchen with granite countertops, and a primary bedroom and bath. On the second floor you will find an additional recreational area, sunroom, outdoor sun deck, and two bedrooms with a Jack and Jill bath. The top floor has an expansive bedroom space and a half bath. Natural light flows to the living areas through a wall of windows and glass sliders from the sun deck. Relax in comfort both inside and outdoors. Lots of outdoor deck space and an outdoor shower. Fun times can be had by all at the community beach maintained by the Tower Shores Beach Association. New roof in 2019. Excellent rental income potential. Low Ground Rent fee of $1,471 annually which is auto-renewed and has 61 years remaining. Flood and Hazard Insurance included in the condo fee.

Last Agent to Sell the Property

Mechelle Nichols

(410) 430-1575 mnichols@luxuryshoreliving.com Berkshire Hathaway HomeServices PenFed Realty License #RS0025254 Listed on: 01/22/2021

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Mechelle Nichols

(410) 430-1575 mnichols@luxuryshoreliving.com Berkshire Hathaway HomeServices PenFed Realty License #RS0025254 Listed on: 01/22/2021

Berkshire Hathaway HomeServices PenFed Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $839

Year Built

  • Built in 1958 | Remodeled in 2002

Lot Details

  • 0.9 Acre Lot
  • Land Lease of $1,417 per year expires in 61 years
  • Ground Rent expires in 61 years
  • Property is in good condition
  • Property is zoned MR

HOA Fees

  • $611 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Stick Built Home

Interior Spaces

  • 2,261 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Wood Burning Fireplace
  • Fireplace Mantel
  • Dining Area

Kitchen

  • Gas Oven or Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Assigned parking located at ##5 & #5
  • Private Parking
  • Paved Parking
  • Parking Lot
  • 2 Assigned Parking Spaces

Outdoor Features

  • Oceanside
  • Balcony
  • Deck

Location

  • Flood Risk

Schools

  • Indian River High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Bottled Gas
  • Heating System Powered By Owned Propane
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 134-05.00-75.01-A-5

Community Details

Overview

  • Association fees include sewer, water, insurance, common area maintenance, trash, parking fee, lawn maintenance
  • Villas Of Tower Shores HOA
  • Tower Shores Subdivision

Amenities

  • Common Area

Recreation

  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$839

Year Built

Built in 1958 | Remodeled in 2002

Lot Details

0

HOA Fees

$611 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Land Lease
  • Exclusions: Personal items, artwork, the seller will provide list
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: Yes
  • Year Built: 1958
  • Year Renovated: 2002
  • Assigned Parking Space Numbers: #5 & #5
  • Automatically Close On Close Date: No
  • Building Winterized: Yes
  • Remarks Public: Major Price Reduction on this beautiful ocean block beach house in North Bethany Beach, DE offers a generous 2,261 sq. ft. floor plan with 4 bedrooms and 2.1 bathrooms. The welcoming front door is on a spacious porch which is ideal for outdoor entertaining. The first floor has a grand foyer that doubles as a dining area, an oversized living room with hardwood floors, efficient kitchen with granite countertops, and a primary bedroom and bath. On the second floor you will find an additional recreational area, sunroom, outdoor sun deck, and two bedrooms with a Jack and Jill bath. The top floor has an expansive bedroom space and a half bath. Natural light flows to the living areas through a wall of windows and glass sliders from the sun deck. Relax in comfort both inside and outdoors. Lots of outdoor deck space and an outdoor shower. Fun times can be had by all at the community beach maintained by the Tower Shores Beach Association. New roof in 2019. Excellent rental income potential. Low Ground Rent fee of $1,471 annually which is auto-renewed and has 61 years remaining. Flood and Hazard Insurance included in the condo fee.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Freezer, Microwave, Oven/Range - Gas, Washer
  • Interior Amenities: Dining Area, Entry Level Bedroom
  • Fireplace Features: Mantel(s), Wood
  • Fireplace: Yes
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 2261
  • Living Area Sq Ft: 2261
  • Price Per Sq Ft: 395.84
  • Above Grade Finished Sq Ft: 2261
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 39560 Dune Rd

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 1.00
  • Upper Level 2 Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Upper Level 2 Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned, Paved Parking, Private
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Bottled Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Owned
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 610.86
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Villas Of Tower Shores & Tower Shores Beach Assoc.
  • HOA Condo Co-Op Amenities: Beach, Common Grounds
  • HOA Condo Co-Op Fee Includes: Sewer, Water, Insurance, Common Area Maintenance, Trash, Parking Fee, Lawn Maintenance
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • HOA Name: VILLAS OF TOWER SHORES
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Lease Amount: 1417.00
  • Land Lease Amt Freq: Annually
  • Land Lease Years Remaining: 61
  • Land Use Code: RC
  • Lot Size Acres: 0.90
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 39204.00
  • Outdoor Living Structures: Deck(s), Balcony, Roof
  • Property Condition: Good
  • Year Assessed: 2020
  • Zoning: MR
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: Yes
  • Ground Rent Years Remaining: 61
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5123360
  • School Tax: 836.82
  • Tax Annual Amount: 839.00
  • Assessor Parcel Number: 134-05.00-75.01-A-5
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 05/10/2021

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: INDIAN RIVER

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2021 05/10/21 Sold $810,000 -9.5% $358 / Sq Ft
01/25/2021 01/25/21 Price Changed $895,000 -10.4% $396 / Sq Ft
01/22/2021 01/22/21 For Sale $999,000 -- $442 / 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 -- $62,300 $62,300 $0
2024 -- $62,300 $62,300 $0
2023 $0 $62,300 $62,300 $0
2022 $2,343 $62,300 $62,300 $0
2021 $2,343 $62,300 $62,300 $0
2020 $2,343 $62,300 $62,300 $0
2019 $2,333 $62,300 $62,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU176206

Bright MLS

APN: 134-5.00-75.01