NOT LISTED FOR SALE

409 Island House Rd Unit 409 Bethany Beach, DE 19930

Estimated Value: $481,562 - $1,096,000

3 Beds
2 Baths
1,060 Sq Ft
$647/mo HOA Fee

Last Sold October 21, 2015

Last sale price $535,000 $505 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $5,890/month

361 Days on Market

Highlights

  • Ocean View
  • Beach
  • Fitness Center
  • Lord Baltimore Elementary School Rated A-
  • Water Access
  • Contemporary Architecture

About This Home

As of October 2015

On the market for the first time in 34 years, this meticulously cared for 3 bedroom, 2 bathhome offers an amazing ocean view. Enjoy half mile of private beach & all that Sea Colony has to offer. A proven successful rental or ideal as your weekend retreat. Being offered fully furnished & equipped.

Last Agent to Sell the Property

Anna Meiklejohn

Long & Foster Real Estate, Inc. License #RS-0024096 Listed on: 09/23/2014

Long & Foster Real Estate, Inc.

Co-Listed By

Tammy Hadder

Long & Foster Real Estate, Inc. License #RA-0020481

Last Buyer's Agent

William Hand

Long & Foster Real Estate, Inc. License #RA-0020486

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,383

Year Built

  • Built in 1980

HOA Fees

Parking

  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Pillar, Post or Pier Foundation
  • Metal Roof
  • Composite Building Materials
  • Masonry

Interior Spaces

  • 1,060 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Window Screens
  • Carpet
  • Ocean Views
  • Stacked Washer and Dryer

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Balcony
  • Outbuilding

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Ground Rent of $2,000 per year expires in 65 years
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-17.00-56.07-409

Community Details

Overview

  • Low-Rise Condominium
  • Sea Colony Island House Community
  • Sea Colony East Subdivision

Recreation

  • Beach
  • Tennis Courts
  • Indoor Tennis Courts
  • Community Basketball Court
  • Fitness Center
  • Community Indoor Pool
  • Jogging Path

Additional Features

  • Elevator
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,383

Year Built

Built in 1980

Lot Details

0

HOA Fees

$647 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1980
  • Remarks Public: On the market for the first time in 34 years, this meticulously cared for 3 bedroom, 2 bathhome offers an amazing ocean view. Enjoy half mile of private beach & all that Sea Colony has to offer. A proven successful rental or ideal as your weekend retreat. Being offered fully furnished & equipped.
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Exhaust Fan, Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 4
  • Flooring Type: Carpet
  • Interior Amenities: Breakfast Area, Entry Level Bedroom, Ceiling Fan(s), Window Treatments
  • Window Features: Screens
  • Fireplace: No
  • Foundation Details: Pillar/Post/Pier
  • Floors In Unit Count: 1
  • Level Count: 1
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1060
  • Living Area Sq Ft: 1060
  • Net Sq Ft: 1060.00
  • Price Per Sq Ft: 518.87
  • Above Grade Finished Sq Ft: 1060
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 409

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Composition
  • Construction Completed: Yes
  • Exterior Features: Outbuilding(s)
  • Roof: Metal
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Assigned

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 270.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 2380.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 5388.00
  • HOA Condo Co-Op Amenities: Basketball Courts, Beach, Cable, Fitness Center, Tennis - Indoor, Jog/Walk Path, Tennis Courts, Swimming Pool, Pool - Outdoor, Security
  • HOA: Yes
  • Community Pool Features: Indoor

Schools

  • School District: INDIAN RIVER
  • School District Key: 300200396898

Lot Info

  • Outdoor Living Structures: Balcony

Building Info

  • Building Features: Elevator

Rental Info

  • Furnished: Yes
  • Ground Rent Amt: 2000.00
  • Ground Rent Exists: Yes
  • Ground Rent Pymnt Freq: Annually
  • Ground Rent Years Remaining: 65
  • Total Actual Rent: 20000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5116336
  • Assessor Parcel Number: 134-17.00-56.07-409
  • County Tax Payment Frequency: Annually
  • Close Date: 10/21/2015

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2014
Closed on
Oct 21, 2015
Sold by
Perrus Harry J and Soto Jenna A
Bought by
Soto Jenna A and Soto Patricia A
Seller's Agent
Anna Meiklejohn
Long & Foster Real Estate, Inc.
Buyer's Agent
William Hand
Long & Foster Real Estate, Inc.
List Price
$535,000
Sold Price
$535,000
Total Days on Market
361
Current Estimated Value
$913,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$378,391
Avg. Annual Appreciation
5.82%
Original Mortgage
$417,000
Outstanding Balance
$333,438
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$589,359
Source: Public Records

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Range of Values:

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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
Soto Jenna A $535,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soto Jenna A $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2015 10/21/15 Sold $535,000 0.0% $505 / Sq Ft
09/19/2015 09/19/15 Pending -- -- --
09/23/2014 09/23/14 For Sale $535,000 -- $505 / 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 $1,383 $32,650 $0 $32,650
2023 $1,382 $32,650 $0 $32,650
2022 $1,359 $32,650 $0 $32,650
2021 $1,319 $32,650 $0 $32,650
2020 $1,258 $32,650 $0 $32,650
2019 $1,253 $32,650 $0 $32,650
2018 $1,265 $33,450 $0 $0
2017 $1,275 $33,450 $0 $0
2016 $1,124 $33,450 $0 $0
2015 $1,158 $33,450 $0 $0
2014 $1,141 $33,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Anna Meiklejohn

    Seller's Agent in 2015

    Anna Meiklejohn

    Long & Foster

    (302) 420-8597

    61 in this area

    89 Total Sales

    Anna Meiklejohn
    Section Image
  • Tammy Hadder

    Seller Co-Listing Agent in 2015

    Tammy Hadder

    Long & Foster

    (302) 249-2470

    51 in this area

    69 Total Sales

    Tammy Hadder
    Section Image
  • William Hand

    Buyer's Agent in 2015

    William Hand

    Long & Foster

    (443) 880-1980

    42 in this area

    50 Total Sales

    William Hand
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1000985816

Bright MLS

APN: 134-17.00-56.07-409

Delaware Sussex County Bethany Beach 19930

409 Island House Rd Unit 409, Bethany Beach, DE

This home is located at 409 Island House Rd Unit 409, Bethany Beach, DE 19930 since 23 September 2014 and is currently estimated at $913,391, approximately $861 per square foot. This property was built in 1980. 409 Island House Rd Unit 409 is a home located in Sussex County with nearby schools including Lord Baltimore Elementary School, Selbyville Middle School, and Indian River High School.

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