NOT LISTED FOR SALE

39575 Admiral Rd Unit 1 Bethany Beach, DE 19930

Estimated Value: $525,000 - $647,000

2 Beds
1 Bath
573 Sq Ft
$157/mo HOA Fee

Last Sold February 09, 2024

Last sale price $555,000 $969 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,289/month

34 Days on Market

Highlights

  • Ocean View
  • Water Oriented
  • Deck
  • Lord Baltimore Elementary School Rated A-
  • Building is oceanfront but unit may not have water views
  • Eat-In Kitchen

About This Home

As of February 2024

Nestled within the coveted Tower Shores community within the ocean block from the sun-drenched shores of Bethany Beach, 39575 Admiral Rd #1 presents a unique opportunity for coastal living, whether a permanent residence or 2nd home. This sparkling condominium boasts a perfect blend of tranquility and convenience, offering two bedrooms in a simple turnkey setup. Step inside to discover a tastefully upgraded interior with fresh paint and some kitchen updates. Open the blinds to enjoy the natural light flooding into the condo. The allure extends outdoors, where a spacious balcony style deck beckons for moments of relaxation with the soothing sounds of the nearby ocean after a fun day at the beach. Tower Shores isn't a busy commercial beach front yet- with its prime location and proximity to local attractions, this property encapsulates the essence of beachside living. Embrace the coastal lifestyle and seize the opportunity to make 39575 Admiral Rd #1 your new property in Bethany Beach.h.

Last Agent to Sell the Property

April Love Raimond

Redfin Corporation License #RA0031026 Listed on: 11/16/2023

Redfin Corporation

Last Buyer's Agent

Rebecca Coulbourn

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $328

Year Built

  • Built in 1972

Lot Details

  • Building is oceanfront but unit may not have water views
  • Ground Rent

HOA Fees

Property Views

  • Ocean
  • Bay

Home Design

  • Pillar, Post or Pier Foundation
  • Asbestos Shingle Roof
  • Shake Siding
  • Stick Built Home

Interior Spaces

  • 573 Sq Ft Home
  • Property has 1 Level
  • Vinyl Flooring

Kitchen

  • Eat-In Kitchen
  • Oven
  • Built-In Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Off-Street Spaces
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property is near an ocean
  • Deck

Location

  • Flood Risk

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 134-05.00-103.00-1

Community Details

Overview

  • Tower Shores HOA
  • Low-Rise Condominium
  • Sea And Sand Condo Assn Condos
  • Sea And Sand Community
  • Tower Shores Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$328

Year Built

Built in 1972

Lot Details

0

HOA Fees

$157 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-11-16
  • Federal Flood Zone: Yes
  • Year Built: 1972
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Built-In Range, Microwave, Oven - Single, Refrigerator
  • Entry Floor: 1
  • Flooring Type: Vinyl
  • Interior Amenities: Kitchen - Eat-In, Pantry
  • Fireplace: No
  • Foundation Details: Pillar/Post/Pier
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Common
  • Total Sq Ft: 573
  • Living Area Sq Ft: 573
  • Price Per Sq Ft: 1003.49
  • Above Grade Finished Sq Ft: 573
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 39575

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built, Shake Siding
  • Exterior Features: Outside Shower
  • Roof: Asbestos Shingle
  • View: Ocean, Bay
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Driveway
  • Off Street Parking Spaces: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 525.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 340.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Sea and Sand Condo Assn
  • HOA Name: TOWER SHORES
  • HOA: Yes
  • Senior Community: No

Schools

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

Lot Info

  • Land Use Code: 999
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2023
  • Zoning: RES
  • In City Limits: No

Rental Info

  • Ground Rent Exists: Yes
  • Pets Allowed: No
  • Vacation Rental: No

Tax Info

  • School Tax: 293.00
  • Tax Annual Amount: 328.00
  • Assessor Parcel Number: 134-05.00-103.00-1
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 02/09/2024

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
Nov 16, 2023
Closed on
Feb 9, 2024
Sold by
Thomas E Twyman Trust and Augustine W Twyman Trust
Bought by
Morley Shane N and Morley Amanda C
Seller's Agent
April Love Raimond
Redfin Corporation
Buyer's Agent
Rebecca Coulbourn
Keller Williams Realty
List Price
$575,000
Sold Price
$555,000
Premium/Discount to List
-$20,000
-3.48%
Total Days on Market
34
Views
128
Current Estimated Value
$585,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,024
Avg. Annual Appreciation
4.10%
Original Mortgage
$305,000
Outstanding Balance
$300,792
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$284,232

Purchase Details

Closed on
Sep 15, 2020
Sold by
Twyman Thomas E and Twyman Augustine W
Bought by
Thomas E Twyman T
Source: Public Records

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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
Morley Shane N $555,000 None Listed On Document
Thomas E Twyman T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morley Shane N $305,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2024 02/09/24 Sold $555,000 -3.5% $969 / Sq Ft
12/21/2023 12/21/23 Pending -- -- --
11/16/2023 11/16/23 For Sale $575,000 -- $1,003 / 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
2024 $329 $5,350 $0 $5,350
2023 $328 $5,350 $0 $5,350
2022 $323 $5,350 $0 $5,350
2021 $313 $5,350 $0 $5,350
2020 $299 $5,350 $0 $5,350
2019 $298 $5,350 $0 $5,350
2018 $301 $7,950 $0 $0
2017 $303 $7,950 $0 $0
2016 $267 $7,950 $0 $0
2015 $275 $7,950 $0 $0
2014 $271 $7,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2051668

Bright MLS

APN: 134-05.00-103.00-1