NOT LISTED FOR SALE

39618 Michelane Ct North Bethany, DE 19930

Estimated Value: $1,223,000 - $8,766,000

0.23 Acre
$19,860,870 Price per Acre
9,840 Sq Ft Lot

Last Sold July 24, 2020

Last sale price $1,241,250

Est. 268% increase in value since last sale

Current estimated payment $26,570/month

162 Days on Market

About This Lot

As of July 2020

Discover this rare offering of eight ocean block lots in the prestigious gated oceanfront community of Breakwater Beach! Fabulous views of the Indian River Bay and potential for ocean views from roof top decks. Lots ranging from $775,000 to $1,350,000. Lots available with no builder tie-in or timeframe to build or as lot home packages. Sun Pile has driven the piling foundation and the lot is ready for your custom home - $52,000 value. Custom lot home packages by LC Homes starting at $1,727,400. Build your dream home today! Custom coastal home by LC Homes features quartz and granite counters, wide plank hardwood flooring, tile showers and baths, lots of outdoor living on decks and screened porches, and elevator shaft for an elevator now or down the road! Start living beach life today!

Last Agent to Sell the Property

Kim Hamer

Monument Sotheby's International Realty License #RS-0013968 Listed on: 01/16/2020

Monument Sotheby's International Realty

Last Buyer's Agent

Frank Hornstein

McWilliams/Ballard, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $470

Year Built

  • 2022

Lot Details

  • 9,840 Sq Ft Lot
  • Additional Parcels

HOA Fees

  • $610 Monthly HOA Fees

Location

  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 134-05.00-421.00

Community Details

Overview

  • Association fees include common area maintenance, road maintenance, reserve funds, security gate, snow removal, trash
  • Breakwater Beach Subdivision

Recreation

  • Beach

Property Details

Property Type

Land

Est. Annual Taxes

$470

Year Built

2022

Lot Details

0

HOA Fees

$610 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Current Use: Residential
  • New Construction: No
  • Federal Flood Zone: Yes
  • Remarks Public: Discover this rare offering of eight ocean block lots in the prestigious gated oceanfront community of Breakwater Beach! Fabulous views of the Indian River Bay and potential for ocean views from roof top decks. Lots ranging from $775,000 to $1,350,000. Lots available with no builder tie-in or timeframe to build or as lot home packages. Sun Pile has driven the piling foundation and the lot is ready for your custom home - $52,000 value. Custom lot home packages by LC Homes starting at $1,727,400. Build your dream home today! Custom coastal home by LC Homes features quartz and granite counters, wide plank hardwood flooring, tile showers and baths, lots of outdoor living on decks and screened porches, and elevator shaft for an elevator now or down the road! Start living beach life today!
  • Special Features: VirtualTour
  • Year Built (Public Record): 2022

Interior Features

  • Price Per Sq Ft: 137.20
  • Street Number Modifier: 39618

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 7322.00
  • HOA Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Beach
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Road Maintenance, Reserve Funds, Security Gate, Snow Removal, Trash
  • HOA: Yes

Schools

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

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.23
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9840.00
  • Year Assessed: 2019
  • Zoning: RESIDENTIAL
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5123193
  • School Tax: 414.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 470.00
  • Assessor Parcel Number: 134-05.00-421.00
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2019
  • Close Date: 07/24/2020

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2020
Closed on
Jul 21, 2020
Sold by
Breakcap Llc
Bought by
Ghaffarian Navin and Ghaffarian Krishten M
Seller's Agent
Kim Hamer
Monument Sotheby's International Realty
Buyer's Agent
Frank Hornstein
McWilliams/Ballard, Inc.
List Price
$1,350,000
Sold Price
$1,241,250
Premium/Discount to List
-$108,750
-8.06%
Total Days on Market
162
Current Estimated Value
$4,568,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,326,750
Avg. Annual Appreciation
30.68%

Purchase Details

Closed on
Aug 5, 2014
Bought by
Breakcap Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ghaffarian Navin $1,241,250 None Available
Breakcap Llc -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2020 07/24/20 Sold $1,241,250 -8.1% --
06/26/2020 06/26/20 Pending -- -- --
01/16/2020 01/16/20 For Sale $1,350,000 -- --
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 $3,814 $12,550 $12,550 $0
2023 $3,810 $12,550 $12,550 $0
2022 $3,749 $12,550 $12,550 $0
2021 $495 $12,550 $12,550 $0
2020 $472 $12,550 $12,550 $0
2019 $470 $12,550 $12,550 $0
2018 $475 $12,550 $0 $0
2017 $478 $12,550 $0 $0
2016 $422 $12,550 $0 $0
2015 $435 $12,550 $0 $0
2014 $428 $12,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kim Hamer

    Seller's Agent in 2020

    Kim Hamer

    OCEAN ATLANTIC SOTHEBYS

    (302) 745-9914

    31 in this area

    297 Total Sales

    Kim Hamer
    Section Image
  • Frank Hornstein

    Buyer's Agent in 2020

    Frank Hornstein

    McWilliams/Ballard, Inc.

    (302) 213-3868

    1 in this area

    90 Total Sales

    Frank Hornstein
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU154204

Bright MLS

APN: 134-05.00-421.00

Delaware Sussex County 19930

39618 Michelane Ct, DE

This home is located at 39618 Michelane Ct, North Bethany, DE 19930 since 16 January 2020 and is currently estimated at $4,568,000. This property was built in 2022. 39618 Michelane Ct is a home located in Sussex County with nearby schools including Lord Baltimore Elementary School, Selbyville Middle School, and Indian River High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes