$402,000
SOLD NOV 5, 2020

39577 Bay Rd Unit 4 Bethany Beach, DE 19930

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

Recently Sold

$618 Per Sq Ft

1% Above List Price

98 Days on Market

Highlights

  • Ocean View
  • Beach
  • Coastal Architecture
  • Lord Baltimore Elementary School Rated A-
  • Building is oceanfront but unit may not have water views
  • Attic

About This Home

As of April 2023

Adorable ocean block beach retreat just steps to a beautiful private beach in North Bethany. This 2 bedroom getaway is offered fully furnished with features such as new engineered wood flooring, carpeting in the bedrooms, new expanded deck, new siding, and new ceilings. This affordable property could be an excellent investment opportunity with great rental potential. Spend summer days on the beach and evenings on the sizable porch listening to the crashing waves. This building was previously only available seasonally but it is now open year round. Close to some of the best restaurants in the area as well as fishing, golf, shopping, and water sports, this is a an opportunity you don t want to miss!

Last Agent to Sell the Property

Leslie Kopp

Long & Foster Real Estate, Inc. License #RA-0003421 Listed on: 06/05/2020

Long & Foster Real Estate, Inc.

Co-Listed By

WAYNE LYONS

Long & Foster Real Estate, Inc. License #RS-0013341

Last Buyer's Agent

Ann Buxbaum

Northrop Realty

Northrop Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $391

Year Built

  • Built in 1970

Lot Details

  • Building is oceanfront but unit may not have water views
  • 1 Common Wall
  • South Facing Home
  • Property is in good condition

HOA Fees

Home Design

  • Coastal Architecture
  • Cottage
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 651 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Recessed Lighting
  • Combination Kitchen and Living
  • Ocean Views
  • Attic

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Built-In Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom
  • Soaking Tub
  • Bathtub with Shower

Laundry

  • Electric Dryer
  • Front Loading Washer

Parking

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

Outdoor Features

  • Outdoor Shower
  • Porch

Location

  • Flood Risk

Utilities

  • Central Air
  • 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
  • 4 Units
  • Low-Rise Condominium
  • Green Dolphin Community
  • Tower Shores Subdivision

Recreation

  • Beach

Property Details

Home Type

Condominium

Est. Annual Taxes

$391

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: Condominium
  • Exclusions: Quilts, hand painted pictures, white dishes, butcher block knife set, kitchen utensils on the counter, tools
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1970
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Adorable ocean block beach retreat just steps to a beautiful private beach in North Bethany. This 2 bedroom getaway is offered fully furnished with features such as new engineered wood flooring, carpeting in the bedrooms, new expanded deck, new siding, and new ceilings. This affordable property could be an excellent investment opportunity with great rental potential. Spend summer days on the beach and evenings on the sizable porch listening to the crashing waves. This building was previously only available seasonally but it is now open year round. Close to some of the best restaurants in the area as well as fishing, golf, shopping, and water sports, this is a an opportunity you don t want to miss!
  • 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, Carpet
  • Interior Amenities: Attic, Carpet, Combination Kitchen/Living, Kitchen - Eat-In, Recessed Lighting, Soaking Tub, Tub Shower
  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 651
  • Living Area Sq Ft: 651
  • Price Per Sq Ft: 612.90
  • 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
  • Exterior Features: Outside Shower
  • 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: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • 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
  • School District Key: 300200396898
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 7750.00
  • Land Assessed Value: 2650.00
  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Good
  • Year Assessed: 2020
  • Zoning: MR
  • In City Limits: No

Rental Info

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

Tax Info

  • Assessor Parcel Number: 5123408
  • School Tax: 345.00
  • Tax Annual Amount: 391.00
  • Assessor Parcel Number: 134-05.00-86.00-4
  • Tax Total Finished Sq Ft: 651
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 11/05/2020

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
98
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 Type Sale Price Title Company
Deed -- None Listed On Document
Deed $570,000 None Listed On Document
Deed $402,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $342,000 New Conventional
Previous Owner $361,800 Stand Alone Refi Refinance Of Original Loan
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: DESU162088

Bright MLS

APN: 134-05.00-86.00-4