NOT LISTED FOR SALE

405 E Bank Rd Bethany Beach, DE 19930

Estimated Value: $1,648,000 - $2,647,000

4 Beds
3.5 Baths
2,376 Sq Ft
$898/Sq Ft Est. Value

Last Sold May 16, 2016

Last sale price $1,000,000 $421 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $11,539/month

24 Days on Market

Highlights

  • 1 Dock Slip
  • Beach
  • Gated Community
  • Lord Baltimore Elementary School Rated A-
  • Pier
  • Canal View

About This Home

As of May 2016

You can bank on friends and family never wanting to leave this multi-level waterfront paradise featuring 4 bedrooms, 3.5 baths with inspiring views from multiple decks/porches and rooftop deck. This well-maintained home with elevator is located in a secluded and gated community with amenities such as pool, tennis and beach access. A short hop to the areas finest restaurants, art galleries and shops. Sold furnished with immediate availability. Convenient elevator!

Last Agent to Sell the Property

DEBBIE REED

(302) 227-4800 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 03/05/2016

RE/MAX Realty Group Rehoboth

Co-Listed By

Ashlee Reed

(302) 227-4800 ashlee@debbiereed.com RE/MAX Realty Group Rehoboth

Last Buyer's Agent

Jennifer Barrows

(302) 227-6767 justin.healy@msir.net Monument Sotheby's International Realty

Monument Sotheby's International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1996

Lot Details

  • 0.35 Acre Lot
  • Landscaped
  • Zoning described as MEDIUM RESIDENTIAL

HOA Fees

  • $188 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 2,376 Sq Ft Home
  • Property has 2 Levels
  • Elevator
  • Inverted Floor Plan
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Insulated Doors
  • Open Floorplan
  • Canal Views
  • Home Security System
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • Covered Parking
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Pier
  • Water Access
  • Property is near a canal
  • Physical Dock Slip Conveys
  • 1 Dock Slip
  • Deck
  • Enclosed Patio or Porch

Utilities

  • Central Air
  • Geothermal Heating and Cooling
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 134-09.00-1061.00

Community Details

Overview

  • Ocean Ridge West Subdivision

Recreation

  • Beach
  • Tennis Courts
  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 1996

Lot Details

0

HOA Fees

$188 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Inverted Floorplan
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1996
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Extra Refrigerator/Freezer, Microwave, Oven/Range - Gas, Refrigerator, Washer, Water Heater
  • Flooring Type: Carpet, Hardwood
  • Interior Amenities: Attic, Kitchen - Eat-In, Combination Kitchen/Dining, Combination Kitchen/Living, Ceiling Fan(s), Elevator, 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: 2
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2376
  • Living Area Sq Ft: 2376
  • Net Sq Ft: 2376.00
  • Price Per Sq Ft: 452.44
  • Above Grade Finished Sq Ft: 2376
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Wood Siding
  • Construction Completed: Yes
  • Exterior Features: Outside Shower
  • Roof: Architectural Shingle
  • View: Canal
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway
  • Garage Features: Covered Parking
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Geo-Thermal
  • Heating Type: Geothermal
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 2260.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Gated Community, Pool - Outdoor, Swimming Pool, Tennis Courts
  • HOA: Yes
  • Association Recreation Fee: No

Lot Info

  • Lot Features: Landscaping
  • Lot Size Acres: 0.35
  • Lot Size Units: Acres
  • Lot Sq Ft: 15246.00
  • Outdoor Living Structures: Deck(s), Porch(es), Enclosed
  • Zoning Description: MEDIUM RESIDENTIAL

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5126538
  • Assessor Parcel Number: 134-09.00-1061.00
  • County Tax Payment Frequency: Annually

Multi Family

  • Dock Slip Conveyance: Physical Dock/Slip Conveys

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2016
Closed on
May 16, 2016
Sold by
Irene H Lonsdle Gallaher Trust
Bought by
Krusen Diane F and Krusen George
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Jennifer Barrows
Monument Sotheby's International Realty
List Price
$1,075,000
Sold Price
$1,000,000
Premium/Discount to List
-$75,000
-6.98%
Current Estimated Value
$2,134,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,134,554
Avg. Annual Appreciation
8.13%
Original Mortgage
$700,000
Outstanding Balance
$555,792
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$1,578,762

Purchase Details

Closed on
Aug 31, 2015
Sold by
Gallaher Irene H L and Lonsdale Kent E
Bought by
Irene H Lonsdale Gallaher Trust Irene H and Lonsdale Gallaher Irene H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
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
Krusen Diane F $1,000,000 None Available
Irene H Lonsdale Gallaher Trust Irene H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krusen Diane F $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2016 05/16/16 Sold $1,000,000 -7.0% $421 / Sq Ft
03/29/2016 03/29/16 Pending -- -- --
03/05/2016 03/05/16 For Sale $1,075,000 -- $452 / Sq Ft
Source: Bright MLS

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 $3,070 $49,850 $15,750 $34,100
2024 $2,061 $49,850 $15,750 $34,100
2023 $2,059 $49,850 $15,750 $34,100
2022 $2,026 $49,850 $15,750 $34,100
2021 $1,965 $49,850 $15,750 $34,100
2020 $1,875 $49,850 $15,750 $34,100
2019 $1,867 $49,850 $15,750 $34,100
2018 $1,885 $49,850 $0 $0
2017 $1,900 $49,850 $0 $0
2016 $1,675 $49,850 $0 $0
2015 $1,238 $49,850 $0 $0
2014 $1,212 $49,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001014768

Bright MLS

APN: 134-09.00-1061.00