NOT LISTED FOR SALE

400 N Ocean Dr Bethany Beach, DE 19930

Estimated Value: $911,317 - $3,560,000

7 Beds
4.5 Baths
3,028 Sq Ft
$705/Sq Ft Est. Value

Last Sold November 30, 2017

Last sale price $1,950,000 $644 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $17,728/month

436 Days on Market

Highlights

  • Ocean View
  • Beach
  • Private Pool
  • Lord Baltimore Elementary School Rated A-
  • Water Access
  • Coastal Architecture

About This Home

As of November 2017

The Ultimate Beach Home! Stunning contemporary South Bethany oceanfront property offering outstanding architecture and breathtaking ocean views. A thoughtfully designed open inverted floor plan design boasts over 1,200 square feet of spacious decks overlooking the ocean. This well-appointed custom built home offers plenty of room for big gatherings with top of the line finishes and design features throughout such as a recessed hot tub, granite flooring, granite counters, Brazilian cherry wood stairs, custom cabinetry, built-in audio system, composite decking, outdoor shower, undermount sinks and the list goes on! High-end quality construction featuring reinforced steel pilings, steel framing and hurricane shutters. Priced to sell and offered fully furnished with designer furniture and modern decor. Excellent rental history; over $123K in 2015. Located within a desirable oceanfront community and close proximity to downtown Bethany Beach and Fenwick Island State Park.

Last Agent to Sell the Property

Henry Jaffe

(302) 296-6646 henry@jaffeassoc.com Monument Sotheby's International Realty Listed on: 07/22/2016

Monument Sotheby's International Realty

Last Buyer's Agent

Henry Jaffe

(302) 296-6646 henry@jaffeassoc.com Monument Sotheby's International Realty Listed on: 07/22/2016

Monument Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,961

Year Built

  • Built in 2006

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 130x50
  • Property is Fully Fenced
  • Landscaped
  • Zoning described as GENERAL RESIDENTIAL

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Architectural Shingle Roof
  • Metal Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 3,028 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Insulated Doors
  • Family Room
  • Dining Room
  • Game Room
  • Ocean Views

Kitchen

  • Electric Oven or Range
  • Extra Refrigerator or Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile or Brick

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Main Floor Bedroom

Laundry

  • Electric Dryer
  • Washer

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Stone Driveway
  • Off-Street Parking
  • Off-Site Parking

Pool

  • Private Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Deck

Location

  • Flood Risk

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-17.20-206.00

Community Details

Overview

  • No Home Owners Association

Recreation

  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,961

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 2006
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Extra Refrigerator/Freezer, Icemaker, Refrigerator, Oven/Range - Electric, Washer, Water Heater
  • Flooring Type: Carpet, Hardwood, Marble, Tile/Brick
  • Interior Amenities: Pantry, Entry Level Bedroom, Ceiling Fan(s), Window Treatments
  • Window Features: Insulated, Screens
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated
  • Wall Ceiling Types: Vaulted Ceilings
  • Foundation Details: Pilings
  • Level Count: 3
  • Levels Count: 3+
  • Room List: Dining Room, Primary Bedroom, Kitchen, Game Room, Family Room, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 3028
  • Living Area Sq Ft: 3028
  • Net Sq Ft: 3028.00
  • Price Per Sq Ft: 709.71
  • Above Grade Finished Sq Ft: 3028
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 7
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Metal Siding, Stick Built, Concrete
  • Construction Completed: Yes
  • Exterior Features: Hot Tub, Outside Shower
  • Roof: Architectural Shingle
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 4
  • Parking Features: Stone Driveway
  • Number Of Parking Spaces Included: 3+ Car Parking
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Off Street, Driveway, Off Site

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Heat Pump(s), Zoned
  • Heating Type: Forced Air, Heat Pump(s), Zoned
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 550.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach
  • HOA: No
  • Association Recreation Fee: No

Lot Info

  • Fencing: Fully
  • Lot Features: Landscaping
  • Lot Size Acres: 0.15
  • Lot Dimensions: 130x50
  • Lot Size Units: Acres
  • Lot Sq Ft: 6534.00
  • Outdoor Living Structures: Deck(s)
  • Zoning Description: GENERAL RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 123000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5119604
  • Tax Annual Amount: 2961.00
  • Assessor Parcel Number: 134-17.20-206.00
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2016
Closed on
Dec 5, 2017
Sold by
Bayak Daniel A and Flores Carlos F
Bought by
Boland Michael
Seller's Agent
Henry Jaffe
Monument Sotheby's International Realty
Buyer's Agent
Henry Jaffe
Monument Sotheby's International Realty
List Price
$2,299,000
Sold Price
$1,950,000
Premium/Discount to List
-$349,000
-15.18%
Current Estimated Value
$3,297,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,347,440
Avg. Annual Appreciation
1.12%

Purchase Details

Listed on
Jul 22, 2016
Closed on
Nov 30, 2017
Sold by
Bayak Daniel A and Flores Carlos F
Bought by
Boland Michael
Seller's Agent
Henry Jaffe
Monument Sotheby's International Realty
Buyer's Agent
Henry Jaffe
Monument Sotheby's International Realty
List Price
$2,299,000
Sold Price
$1,950,000
Premium/Discount to List
-$349,000
-15.18%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Boland Michael $1,950,000 --
Boland Michael $1,950,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2017 11/30/17 Sold $1,950,000 -9.3% $644 / Sq Ft
10/01/2017 10/01/17 Pending -- -- --
09/14/2017 09/14/17 Price Changed $2,149,000 -6.5% $710 / Sq Ft
07/22/2016 07/22/16 For Sale $2,299,000 -- $759 / 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 $7,867 $68,150 $24,000 $44,150
2024 $3,304 $68,150 $24,000 $44,150
2023 $2,815 $68,150 $24,000 $44,150
2022 $2,769 $68,150 $24,000 $44,150
2021 $2,686 $68,150 $24,000 $44,150
2020 $2,563 $68,150 $24,000 $44,150
2019 $2,552 $68,150 $24,000 $44,150
2018 $2,577 $68,150 $0 $0
2017 $2,598 $68,150 $0 $0
2016 $2,290 $68,150 $0 $0
2015 $2,360 $68,150 $0 $0
2014 $2,324 $68,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001019900

Bright MLS

APN: 134-17.20-206.00