NOT LISTED FOR SALE

39675 Tern Rd Bethany Beach, DE 19930

Estimated Value: $201,894 - $4,769,000

5 Beds
3 Baths
2,400 Sq Ft
$959/Sq Ft Est. Value

Last Sold September 22, 2022

Last sale price $1,925,000 $802 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $12,920/month

190 Days on Market

Highlights

  • Ocean View
  • Beach
  • Water Oriented
  • Lord Baltimore Elementary School Rated A-
  • Private Beach
  • Gated Community

About This Home

As of September 2022

Rare opportunity in Ocean Village just one home from the ocean within walking distance to Bethany Beach! A perfect location for your second home or investment property. Better yet, enjoy sitting on the beach this summer while you design your dream home for this this large, corner lot just steps to the ocean. Your new home will offer terrific ocean views from the second & third floor decks! Ocean Village is a gated community with a private beach, lifeguards & Federal flood insurance.

Last Agent to Sell the Property

Ann Raskauskas

BETHANY AREA REALTY LLC License #RB-0020092 Listed on: 02/17/2022

Last Buyer's Agent

Leslie Kopp

Long & Foster Real Estate, Inc. License #RA-0003421

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,391

Year Built

  • Built in 1970

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 63.00 x 102.00
  • Private Beach
  • Corner Lot
  • Open Lot
  • Cleared Lot
  • Property is in good condition
  • Property is zoned MR

HOA Fees

  • $167 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 2,400 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Dining Area
  • Ocean Views
  • Flood Lights

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Parking

  • Private Parking
  • Stone Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property is near an ocean
  • Balcony
  • Deck
  • Outdoor Grill
  • Porch

Location

  • Flood Risk

Schools

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

Utilities

  • Window Unit Cooling System
  • Heating Available
  • Electric Water Heater
  • No Septic System

Listing and Financial Details

  • Tax Lot M-8
  • Assessor Parcel Number 134-13.00-1295.00

Community Details

Overview

  • Association fees include common area maintenance, management, road maintenance, security gate
  • Ocean Village Subdivision

Recreation

  • Beach

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,391

Year Built

Built in 1970

Lot Details

0

HOA Fees

$167 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Exclusions: PERSONAL ITEMS, CONTENTS OF CLOSETS, DRAWERS AND SHED.
  • Home Warranty: No
  • Inclusions: TO BE SOLD FURNISHED
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-02-17
  • Federal Flood Zone: Yes
  • Year Built: 1970
  • Automatically Close On Close Date: No
  • Remarks Public: Rare opportunity in Ocean Village just one home from the ocean within walking distance to Bethany Beach! A perfect location for your second home or investment property. Better yet, enjoy sitting on the beach this summer while you design your dream home for this this large, corner lot just steps to the ocean. Your new home will offer terrific ocean views from the second & third floor decks! Ocean Village is a gated community with a private beach, lifeguards & Federal flood insurance.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Interior Amenities: Breakfast Area, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Entry Level Bedroom, Kitchen - Island, Tub Shower, Stall Shower, Floor Plan - Open
  • Foundation Details: Pilings
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 2400
  • Living Area Sq Ft: 2400
  • Price Per Sq Ft: 906.25
  • Above Grade Finished Sq Ft: 2400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 39675

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built
  • Exterior Features: Bbq Grill, Flood Lights, Outside Shower, Private Beach, Street Lights
  • View: Ocean
  • 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
  • Parking Features: Private, Stone Driveway
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: No Septic System
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 2000.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Gated Community
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Road Maintenance, Security Gate
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: INDIAN RIVER
  • Elementary School: LORD BALTIMORE
  • Middle School: SELBEYVILLE
  • 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: SELBEYVILLE

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 19550.00
  • Land Assessed Value: 15750.00
  • Land Use Code: RS
  • Lot Features: Cleared, Corner, Open
  • Lot Size Acres: 0.14
  • Lot Dimensions: 63.00 x 102.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6098.00
  • Outdoor Living Structures: Deck(s), Balcony, Porch(es)
  • Property Condition: Good
  • Year Assessed: 2021
  • Zoning: MR
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5106546
  • School Tax: 1234.00
  • Tax Annual Amount: 1391.00
  • Assessor Parcel Number: 134-13.00-1295.00
  • Tax Lot: M-8
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 09/22/2022

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2022
Closed on
Sep 23, 2022
Sold by
Paolucci Family Limited Partnership
Bought by
Tern Road Llc
Seller's Agent
Ann Raskauskas
BETHANY AREA REALTY LLC
Buyer's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
List Price
$2,750,000
Sold Price
$1,925,000
Premium/Discount to List
-$825,000
-30%
Views
52
Current Estimated Value
$2,300,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$375,724
Avg. Annual Appreciation
1.28%

Purchase Details

Closed on
Jan 20, 1995
Bought by
Paolucci Family Limited Partnership
Source: Public Records

Range of Values:

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Average Value
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Sold Price
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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
Tern Road Llc $1,925,000 --
Paolucci Family Limited Partnership -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2022 09/22/22 Sold $1,925,000 -11.5% $802 / Sq Ft
07/08/2022 07/08/22 Price Changed $2,175,000 -7.4% $906 / Sq Ft
04/25/2022 04/25/22 Price Changed $2,350,000 -9.6% $979 / Sq Ft
04/08/2022 04/08/22 Price Changed $2,599,000 -5.5% $1,083 / Sq Ft
02/17/2022 02/17/22 For Sale $2,750,000 -- $1,146 / 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 $2,898 $35,300 $15,750 $19,550
2023 $1,458 $35,300 $15,750 $19,550
2022 $1,434 $35,300 $15,750 $19,550
2021 $1,391 $35,300 $15,750 $19,550
2020 $1,328 $35,300 $15,750 $19,550
2019 $1,322 $35,300 $15,750 $19,550
2018 $1,335 $35,300 $0 $0
2017 $1,346 $35,300 $0 $0
2016 $1,186 $35,300 $0 $0
2015 $1,222 $35,300 $0 $0
2014 $1,204 $35,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2016116

Bright MLS

APN: 134-13.00-1295.00