NOT LISTED FOR SALE

39577 Bay Rd Unit 4 Bethany Beach, DE 19930

Estimated Value: $330,000 - $659,000

2 Beds
1 Bath
651 Sq Ft
$292/mo HOA Fee

Last Sold April 03, 2023

Last sale price $570,000 $876 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,290/month

50 Days on Market

Highlights

  • Ocean View
  • Beach
  • Building is oceanfront but unit may not have water views
  • Lord Baltimore Elementary School Rated A-
  • Private Beach
  • Eat-In Gourmet Kitchen

About This Home

As of April 2023

Imagine being just steps to a private beach or having coffee on your balcony as the sun comes up over the Atlantic, listening to the waves as they crash on the shore. Introducing 39577 Bay Rd., Unit 4, a Magical Gem of a coastal home located in the Tower Shores community in North Bethany Beach. This recently renovated beach block retreat could be your coastal get-away, and even an incredible investment opportunity with exceptional rental potential. Inside the welcoming main living area offers an open floor plan incorporating a sizable living room and gourmet kitchen, the perfect entertaining space for friends and family. The kitchen showcases crisp white cabinetry, abundant white quartz countertops, classic subway tile backsplash, contrasted by stainless steel appliances and warm gray luxury vinyl wide-plank flooring, all highlighted by pendant and recessed lighting. Serve guests at the breakfast bar or dine al-fresco out on the substantial balcony as the sun sets on another marvelous day at the beach. There are two graciously sized bedrooms and a superbly designed hall bath with a stall shower, built-ins, and a laundry center. After a day at the beach, store all your toys and gear in the unit's private storage room, rinse off the sand in the outdoor shower, then get ready for a night out on the town. At the end of the street is one of the locals’ favorite restaurants, and just a short drive away is the heart of Bethany, as well as the resort towns of Dewey and Rehoboth Beach. This North Bethany location is also central to miles of Delaware State Park beaches and waterways, waiting to be explored and enjoyed! As this year closes don’t miss this opportunity to start the new year experiencing your best life -at the beach! Make an appointment today, come see an extraordinary coastal retreat!

Last Agent to Sell the Property

Ann Buxbaum

Northrop Realty Listed on: 12/08/2022

Northrop Realty

Last Buyer's Agent

Ann Buxbaum

Northrop Realty Listed on: 12/08/2022

Northrop Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $423

Year Built

  • Built in 1970

Lot Details

  • Building is oceanfront but unit may not have water views
  • Private Beach
  • 1 Common Wall
  • South Facing Home

HOA Fees

Home Design

  • Coastal Architecture
  • Cottage
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 651 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Built-In Features
  • Recessed Lighting
  • Double Pane Windows
  • Vinyl Clad Windows
  • Window Treatments
  • Six Panel Doors
  • Combination Kitchen and Living
  • Ocean Views
  • Home Security System
  • Attic

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • 1 Full Bathroom
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Electric Dryer
  • Front Loading Washer

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces
  • Stone Driveway
  • Shared Driveway
  • Unassigned Parking

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Outdoor Storage

Location

  • Flood Risk

Schools

  • Lord Baltimore Elementary School
  • Selbyville Middle School
  • Indian River High School

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 134-05.00-86.00-4

Community Details

Overview

  • Association fees include common area maintenance, insurance
  • Low-Rise Condominium
  • Green Dolphin Community
  • Tower Shores Subdivision

Recreation

  • Beach

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$423

Year Built

Built in 1970

Lot Details

0

HOA Fees

$292 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal, Cottage
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Exclusions: Quilts, hand painted pictures, white dishes, butcher block knife set, kitchen utensils on the counter, tools
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1970
  • Automatically Close On Close Date: No
  • Remarks Public: Imagine being just steps to a private beach or having coffee on your balcony as the sun comes up over the Atlantic, listening to the waves as they crash on the shore. Introducing 39577 Bay Rd., Unit 4, a Magical Gem of a coastal home located in the Tower Shores community in North Bethany Beach. This recently renovated beach block retreat could be your coastal get-away, and even an incredible investment opportunity with exceptional rental potential. Inside the welcoming main living area offers an open floor plan incorporating a sizable living room and gourmet kitchen, the perfect entertaining space for friends and family. The kitchen showcases crisp white cabinetry, abundant white quartz countertops, classic subway tile backsplash, contrasted by stainless steel appliances and warm gray luxury vinyl wide-plank flooring, all highlighted by pendant and recessed lighting. Serve guests at the breakfast bar or dine al-fresco out on the substantial balcony as the sun sets on another marvelous day at the beach. There are two graciously sized bedrooms and a superbly designed hall bath with a stall shower, built-ins, and a laundry center. After a day at the beach, store all your toys and gear in the unit's private storage room, rinse off the sand in the outdoor shower, then get ready for a night out on the town. At the end of the street is one of the locals’ favorite restaurants, and just a short drive away is the heart of Bethany, as well as the resort towns of Dewey and Rehoboth Beach. This North Bethany location is also central to miles of Delaware State Park beaches and waterways, waiting to be explored and enjoyed! As this year closes don’t miss this opportunity to start the new year experiencing your best life -at the beach! Make an appointment today, come see an extraordinary coastal retreat!
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer - Electric, Icemaker, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Washer - Front Loading, Water Heater
  • Entry Floor: 2
  • Flooring Type: Ceramic Tile, Laminated
  • Interior Amenities: Attic, Combination Kitchen/Living, Kitchen - Eat-In, Recessed Lighting, Breakfast Area, Built-Ins, Floor Plan - Traditional, Kitchen - Gourmet, Stall Shower, Upgraded Countertops, Window Treatments
  • Window Features: Double Pane, Vinyl Clad
  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Door Features: Six Panel
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Kitchen
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 651
  • Living Area Sq Ft: 651
  • Price Per Sq Ft: 921.66
  • Above Grade Finished Sq Ft: 651
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 39577

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: Frame, Vinyl Siding, Stick Built
  • Exterior Features: Outside Shower, Street Lights, Secure Storage, Private Beach
  • Road Surface Type: Paved
  • Roof: Architectural Shingle
  • View: Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Stone Driveway, Shared Driveway, Unassigned, Under Home Parking
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock, Security System
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 500.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 250.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Beach
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: INDIAN RIVER
  • Elementary School: LORD BALTIMORE
  • Middle School: SELBYVILLE
  • High School: INDIAN RIVER
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396898
  • School District Source: Listing Agent
  • Elementary School: LORD BALTIMORE
  • High School: INDIAN RIVER
  • Middle Or Junior School: SELBYVILLE

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 7750.00
  • Land Assessed Value: 2650.00
  • Land Use Code: 999
  • Lot Size Acres: 0.13
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5663.00
  • Outdoor Living Structures: Balcony, Roof
  • Year Assessed: 2022
  • Zoning: MR
  • In City Limits: No

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5123408
  • School Tax: 376.00
  • Tax Annual Amount: 423.00
  • Assessor Parcel Number: 134-05.00-86.00-4
  • Tax Total Finished Sq Ft: 651
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 04/03/2023

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2024
Sold by
Richards William J and Richards Karine A
Bought by
William J Richards And Karine A Richards Revo and Richards
Total Days on Market
50
Current Estimated Value
$558,194

Purchase Details

Listed on
Dec 8, 2022
Closed on
Apr 3, 2023
Sold by
Reynolds Pascale
Bought by
Richards William J and Richards Karine A
Seller's Agent
Ann Buxbaum
Northrop Realty
Buyer's Agent
Ann Buxbaum
Northrop Realty
List Price
$625,000
Sold Price
$570,000
Premium/Discount to List
-$55,000
-8.8%
Views
180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.22%
Original Mortgage
$342,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 5, 2020
Closed on
Oct 30, 2020
Sold by
Bacon James A and Bacon Laura C
Bought by
Reynolds James A and Reynolds Pascale
Seller's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
Buyer's Agent
Ann Buxbaum
Northrop Realty
List Price
$399,000
Sold Price
$402,000
Premium/Discount to List
$3,000
0.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.59%
Original Mortgage
$361,800
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
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
William J Richards And Karine A Richards Revo -- None Listed On Document
Richards William J $570,000 None Listed On Document
Reynolds James A $402,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Richards William J $342,000
Previous Owner Reynolds James A $361,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2023 04/03/23 Sold $570,000 -5.0% $876 / Sq Ft
01/27/2023 01/27/23 Pending -- -- --
01/09/2023 01/09/23 Price Changed $600,000 -4.0% $922 / Sq Ft
12/08/2022 12/08/22 For Sale $625,000 +55.5% $960 / Sq Ft
11/05/2020 11/05/20 Sold $402,000 +0.8% $618 / Sq Ft
09/11/2020 09/11/20 Pending -- -- --
06/05/2020 06/05/20 For Sale $399,000 -- $613 / 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 $430 $7,700 $0 $7,700
2023 $430 $7,700 $0 $7,700
2022 $423 $7,700 $0 $7,700
2021 $410 $7,700 $0 $7,700
2020 $391 $7,700 $0 $7,700
2019 $388 $7,700 $0 $7,700
2018 $391 $10,350 $0 $0
2017 $395 $10,350 $0 $0
2016 $348 $10,350 $0 $0
2015 $358 $10,350 $0 $0
2014 $353 $10,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2033208

Bright MLS

APN: 134-05.00-86.00-4