NOT LISTED FOR SALE

408 Collins St Unit 2 Bethany Beach, DE 19930

Estimated Value: $594,421 - $704,000

3 Beds
2 Baths
-- Sq Ft
$333/mo HOA Fee

Last Sold December 28, 2020

Last sale price $401,000

Est. 58% increase in value since last sale

Current estimated payment $3,703/month

10 Days on Market

Highlights

  • Deck
  • Breakfast Area or Nook
  • Bathtub with Shower
  • Lord Baltimore Elementary School Rated A-
  • Screened Patio
  • Outdoor Shower

About This Home

As of December 2020

LOCATION, LOCATION, LOCATION!!!!!! This wonderful beach condo is located walking distance to the beach on a quiet street in Bethany Beach. Spacious 3 BRM & 2 Bath condo. FANTASTIC screened porch and deck. GREAT condition, turn key rental property with terrific rental history.

Last Agent to Sell the Property

Ann Raskauskas

(302) 245-2154 ann@bethanyarearealty.com BETHANY AREA REALTY LLC License #RB-0020092 Listed on: 11/01/2020

Last Buyer's Agent

Kimberly McGuigan

(443) 496-1446 kimberlymcguigan@gmail.com Shore Results Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,221

Lot Details

  • 5,663

HOA Fees

  • $333 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Entry on the 1st floor
  • Stick Built Home

Interior Spaces

  • Property has 2 Levels
  • Combination Dining and Living Room
  • Flood Lights

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Deck
  • Screened Patio
  • Outdoor Grill

Location

  • Flood Risk

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • No Septic System

Community Details

  • Association fees include common area maintenance, exterior building maintenance, lawn care front, lawn care rear, lawn care side, lawn maintenance, management
  • Low-Rise Condominium
  • Tara Winds Community

Listing and Financial Details

  • Assessor Parcel Number 134-17.07-92.00-2

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,221

Lot Details

0

HOA Fees

$333 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Condominium
  • Exclusions: Personal items, contents of drawers and closets
  • Inclusions: TO BE SOLD FURNISHED
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven - Single, Oven/Range - Electric, Refrigerator, Washer
  • Entry Floor: 1
  • Interior Amenities: Breakfast Area, Combination Dining/Living, Stall Shower, Tub Shower
  • Levels Count: 2
  • Basement: No
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built
  • Exterior Features: Bbq Grill, Flood Lights, Outside Shower
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: No Septic System
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 4000.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management
  • HOA: Yes
  • Senior Community: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: LORD BALTIMORE
  • High School: INDIAN RIVER
  • Middle Or Junior School: SELBYVILLE

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Deck(s), Screened
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5117158
  • School Tax: 459.00
  • Tax Annual Amount: 2221.00
  • Assessor Parcel Number: 134-17.07-92.00-2
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2020
Closed on
Jan 11, 2021
Sold by
Gillis Brian F and Gillis Patricia C
Bought by
Weigand Thomas A and Weigand Dara S
Seller's Agent
Ann Raskauskas
BETHANY AREA REALTY LLC
Buyer's Agent
Kimberly McGuigan
Shore Results Realty
List Price
$399,900
Sold Price
$401,000
Premium/Discount to List
$1,100
0.28%
Current Estimated Value
$632,855

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,855
Avg. Annual Appreciation
9.42%
Original Mortgage
$320,800
Outstanding Balance
$286,315
Interest Rate
2.71%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$346,540

Purchase Details

Closed on
May 6, 1989
Bought by
Gillis Brian F and Gillis Patricia C
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
Weigand Thomas A $401,000 None Available
Gillis Brian F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weigand Thomas A $320,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2020 12/28/20 Sold $401,000 +0.3% --
11/01/2020 11/01/20 For Sale $399,900 -- --
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 $1,131 $13,850 $0 $13,850
2024 $680 $13,850 $0 $13,850
2023 $679 $13,850 $0 $13,850
2022 $668 $13,850 $0 $13,850
2021 $648 $13,850 $0 $13,850
2020 $619 $13,850 $0 $13,850
2019 $616 $13,850 $0 $13,850
2018 $622 $16,450 $0 $0
2017 $627 $16,450 $0 $0
2016 $553 $16,450 $0 $0
2015 $570 $16,450 $0 $0
2014 $561 $16,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU172382

Bright MLS

APN: 134-17.07-92.00-2