NOT LISTED FOR SALE

405 E Bank Rd Bethany Beach, DE 19930

Bethany Beach Area

Estimated Value: $1,631,000 - $2,626,000

4 Beds
3.5 Baths
2,376 Sq Ft
$861/Sq Ft Est. Value

Sale Details

Date Sold: May 16, 2016

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

Est. 105% increase in value since last sale

Current estimated payment $11,302 / mo

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1996

Lot Details

  • 15,246 Sq Ft 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

0.35 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2016
Closed on
May 16, 2016
Sold by
Bought by
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
$2,046,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,046,058
Avg. Annual Appreciation
7.26%
Original Mortgage
$700,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2015
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Bethany Beach, DE

  • Shaun Tull Real Estate Agent - Jack Lingo - Rehoboth

    Shaun Tull

    Jack Lingo - Rehoboth

    (302) 253-7645

    272 Total Sales

    2 in Bethany Beach

    $1.6M - $1.8M Price Range

    Shaun Tull
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  • Kim Hook Real Estate Agent - RE/MAX Coastal

    Kim Hook

    RE/MAX Coastal

    (302) 303-7973

    178 Total Sales

    12 in Bethany Beach

    $500K - $2.4M Price Range

    Kim Hook
     Section Image
  • Adam Linder Real Estate Agent - Northrop Realty

    Adam Linder

    Northrop Realty

    (302) 643-3114

    92 Total Sales

    2 in Bethany Beach

    $380K - $510K Price Range

    Adam Linder
     Section Image
  • LINDA MUELLER Real Estate Agent - BETHANY AREA REALTY LLC

    LINDA MUELLER

    BETHANY AREA REALTY LLC

    (302) 515-7703

    45 Total Sales

    4 in Bethany Beach

    $436K - $1.1M Price Range

    LINDA MUELLER
     Section Image
  • Kim Hitchens Real Estate Agent - Dave McCarthy & Associates, Inc.

    Kim Hitchens

    Dave McCarthy & Associates, Inc.

    (302) 664-7522

    79 Total Sales

    1 in Bethany Beach

    $580,000 Price

    Kim Hitchens
     Section Image
  • DEBBIE REED Real Estate Agent - RE/MAX Realty Group Rehoboth

    DEBBIE REED

    Responds Quickly

    RE/MAX Realty Group Rehoboth

    (302) 303-8919

    735 Total Sales

    12 in Bethany Beach

    $335K - $1.6M Price Range

    DEBBIE REED
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,000,000 None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $548,000
Closed $700,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • DEBBIE REED Real Estate Agent - RE/MAX

    Seller's Agent in 2016

    DEBBIE REED

    RE/MAX

    (302) 227-3818

    735 Total Sales

    DEBBIE REED
    Section Image
  • Ashlee Reed Real Estate Agent - RE/MAX

    Seller Co-Listing Agent in 2016

    Ashlee Reed

    RE/MAX

    (443) 254-2360

    32 Total Sales

    Ashlee Reed
    Section Image
  • Jennifer Barrows Real Estate Agent - OCEAN ATLANTIC SOTHEBYS

    Buyer's Agent in 2016

    Jennifer Barrows

    OCEAN ATLANTIC SOTHEBYS

    (302) 841-9505

    215 Total Sales

    Jennifer Barrows
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001014768

Bright MLS

APN: 134-09.00-1061.00

Delaware Sussex County Bethany Beach 19930

405 E Bank Rd, Bethany Beach, DE

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