NOT LISTED FOR SALE

409 Island House Rd Unit 409 Bethany Beach, DE 19930

Estimated Value: $941,733 - $1,088,000

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. 87% increase in value since last sale

Current estimated payment $6,171/month

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

(302) 420-8597 annam@seasideseven.com Long & Foster Real Estate, Inc. License #RS-0024096 Listed on: 09/23/2014

Long & Foster Real Estate, Inc.

Co-Listed By

Tammy Hadder

(302) 249-2470 tammy@tammyandannasell.com Long & Foster Real Estate, Inc. License #RA-0020481

Last Buyer's Agent

William Hand

(443) 880-1980 Bill@billhand.com Long & Foster Real Estate, Inc. License #RA-0020486

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,340

Year Built

  • Built in 1980

Lot Details

  • 1,394

HOA Fees

Parking

  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Entry on the 4th floor
  • 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

$2,340

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
Current Estimated Value
$1,001,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$466,183
Avg. Annual Appreciation
6.49%
Original Mortgage
$417,000
Outstanding Balance
$328,092
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$673,091
Source: Public Records

Range of Values:

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Average Value
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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
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 List to Sale Price per Sq Ft
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
2025 $2,340 $32,650 $0 $32,650
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

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Map

Source: Bright MLS

MLS Number: 1000985816

Bright MLS

APN: 134-17.00-56.07-409