NOT LISTED FOR SALE

39649 Turtle Run Bethany Beach, DE 19930

Estimated Value: $3,568,000 - $5,724,000

11 Beds
10 Baths
8,000 Sq Ft
$541/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $2,230,000 $279 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $23,195/month

33 Days on Market

Highlights

  • Spa
  • Building is oceanfront but unit may not have water views
  • Coastal Architecture
  • Lord Baltimore Elementary School Rated A-
  • Gated Community
  • Bamboo Flooring

About This Home

As of July 2023

Reduced for immediate action. Let real estate work for you . . . this home is a rental machine. Located in the exclusive Ocean Ridge, North Bethany beach community, is where you’ll find this tastefully updated spacious beach home offering 11 bedrooms, 8 bathrooms and 2 half baths. Over 8,000sf of oceanside living. Want to host a corporate retreat, family reunion or a friends beach getaway?, Entertaining will be a pleasure, with multiple gathering spaces and a renovated eat-in kitchen with designer appliances, massive island, tons of well stocked cabinets and granite countertops. The bedrooms are huge and seven of them have private en suite full bathrooms to ensure that everyone has their own space and privacy plus deck access. The top floor is dedicated to the children and features 4 bedrooms, toy/game area, reading room and hang-out TV space. After a sunny day at the private, uncrowded beach or lounging by the community pool, you can shower off in the outdoor showers, relax in the hot tub or chill out on one of the many decks. Over $180,000+ rental income for this year. Turnkey investment at the perfect time of year to capitalize on the rental season. Whether you’re looking for a great investment or a place for your family to enjoy their vacations, this house has all you need.

Last Agent to Sell the Property

Joyce Henderson

(410) 430-0084 jhenderson@cbmove.com Coldwell Banker Realty License #323551 Listed on: 04/22/2023

Coldwell Banker Realty

Last Buyer's Agent

Joyce Henderson

(410) 430-0084 jhenderson@cbmove.com Coldwell Banker Realty License #323551 Listed on: 04/22/2023

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,141

Year Built

  • Built in 2004

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 124.00 x 119.00
  • Building is oceanfront but unit may not have water views
  • Cul-De-Sac
  • North Facing Home
  • Landscaped
  • Property is in average condition
  • Property is zoned MR

HOA Fees

  • $158 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Frame Construction
  • Composition Roof
  • Piling Construction

Interior Spaces

  • 8,000 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Window Treatments
  • Exterior Cameras

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Range Hood
  • Microwave
  • Extra Refrigerator or Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Bamboo
  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 12 Parking Spaces
  • 10 Driveway Spaces
  • 2 Attached Carport Spaces

Pool

  • Spa
  • Outdoor Shower

Location

  • Flood Risk

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • 220 Volts
  • Propane
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 54
  • Assessor Parcel Number 134-09.00-859.00

Community Details

Overview

  • Association fees include common area maintenance, management, pool(s), trash
  • Ocean Ridge Subdivision
  • Property Manager

Recreation

  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,141

Year Built

Built in 2004

Lot Details

0

HOA Fees

$158 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Exclusions: Minor, some wall art
  • Inclusions: Sold furnished
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Expected On Market: 2023-04-22
  • Federal Flood Zone: Yes
  • Year Built: 2004
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Extra Refrigerator/Freezer, Microwave, Oven - Wall, Range Hood, Refrigerator, Washer, Water Heater, Icemaker
  • Flooring Type: Bamboo, Carpet, Ceramic Tile
  • Interior Amenities: Carpet, Ceiling Fan(s), Kitchen - Eat-In, Kitchen - Island, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Window Treatments, Wood Floors
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Pilings
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 8000
  • Living Area Sq Ft: 8000
  • Price Per Sq Ft: 311.25
  • Above Grade Finished Sq Ft: 8000
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 11
  • Main Level Bedrooms: 3
  • Total Bathrooms: 10
  • Full Bathrooms: 8
  • Half Bathrooms: 2
  • Main Level Bathrooms: 4.00
  • Upper Level Bathrooms: 6
  • Upper Level Bathrooms: 4.00
  • Upper Level 2 Bathrooms: 2.00
  • Main Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1
  • Upper Level 2 Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Hot Tub, Outside Shower
  • Roof: Composite
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Attached Carport Spaces: 2
  • Total Garage And Parking Spaces: 12
  • Type Of Parking: Attached Carport, Driveway
  • Number of Spaces in Driveway: 10

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s), Heat Pump(s), Zoned
  • Electric Service: 220 Volts
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s), Zoned
  • Heating: Yes
  • Hot Water: Electric
  • Security: Exterior Cameras
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Propane
  • Water Source: Public
  • Internet Services: Cable

Condo/Co-op/Association

  • HOA Fees: 950.00
  • HOA Fee Frequency: Semi-Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Gated Community, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pool(s), Trash
  • HOA: Yes
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Features: Cul-De-Sac, Landscaping
  • Lot Size Acres: 0.25
  • Lot Dimensions: 124.00 x 119.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10890.00
  • Property Condition: Average
  • Zoning: MR
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 180000.00
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • School Tax: 2797.00
  • Tax Annual Amount: 3141.00
  • Assessor Parcel Number: 134-09.00-859.00
  • Tax Lot: 54
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Federal Flood Zone: AO

MLS Schools

  • School District Name: INDIAN RIVER

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2023
Closed on
Jul 24, 2023
Sold by
Economos Nancy R
Bought by
Baradaran Parinaz and Deliri Hamid
Seller's Agent
Joyce Henderson
Coldwell Banker Realty
Buyer's Agent
Joyce Henderson
Coldwell Banker Realty
List Price
$2,747,000
Sold Price
$2,230,000
Premium/Discount to List
-$517,000
-18.82%
Views
183
Current Estimated Value
$4,324,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,094,150
Avg. Annual Appreciation
30.61%
Original Mortgage
$1,784,000
Outstanding Balance
$1,740,487
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$2,583,663

Purchase Details

Listed on
Apr 22, 2023
Closed on
Jun 5, 2023
Sold by
Beale Cassandra and Urban Cynthia
Bought by
Beale Cassandra and Lizarraga Alexis
Seller's Agent
Joyce Henderson
Coldwell Banker Realty
Buyer's Agent
Joyce Henderson
Coldwell Banker Realty
List Price
$2,747,000
Sold Price
$2,230,000
Premium/Discount to List
-$517,000
-18.82%
Views
183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,784,000
Outstanding Balance
$1,740,487
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$2,583,663

Purchase Details

Closed on
May 19, 2023
Sold by
Economos Nancy N
Bought by
Beale Cassandra and Urban Cynthia

Purchase Details

Closed on
Nov 30, 1988
Bought by
Economos George C and Economos Nancy N
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
Baradaran Parinaz $2,230,000 None Listed On Document
Beale Cassandra -- None Listed On Document
Beale Cassandra -- None Listed On Document
Economos George C $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baradaran Parinaz $1,784,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2023 07/31/23 Sold $2,230,000 -10.4% $279 / Sq Ft
05/11/2023 05/11/23 Price Changed $2,490,000 -9.4% $311 / Sq Ft
04/22/2023 04/22/23 For Sale $2,747,000 -- $343 / 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 $7,794 $77,300 $16,800 $60,500
2024 $3,196 $77,300 $16,800 $60,500
2023 $3,193 $77,300 $16,800 $60,500
2022 $3,141 $77,300 $16,800 $60,500
2021 $3,047 $77,300 $16,800 $60,500
2020 $2,908 $77,300 $16,800 $60,500
2019 $2,919 $77,300 $16,800 $60,500
2018 $2,923 $77,300 $0 $0
2017 $2,947 $77,300 $0 $0
2016 $2,597 $77,300 $0 $0
2015 $2,677 $77,300 $0 $0
2014 $2,637 $77,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2039758

Bright MLS

APN: 134-09.00-859.00