NOT LISTED FOR SALE

409 Salt Pond Rd Bethany Beach, DE 19930

Estimated Value: $861,715 - $1,205,000

5 Beds
3 Baths
3,456 Sq Ft
$290/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $590,000 $171 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $5,372/month

135 Days on Market

Highlights

  • Water Views
  • Parking available for a boat
  • Canoe or Kayak Water Access
  • Lord Baltimore Elementary School Rated A-
  • Home fronts navigable water
  • 24-Hour Security

About This Home

As of October 2021

Situated near the finest Delaware beaches, this home offers the best location for private coastal living . Quick release to Coastal highway for State park beaches or bike ride into town of Bethany for restaurants,shoppes, boardwalk ,beach, and more. This large home features 5 bedrooms and 3 baths with plenty of living space. Fireplace in living room allows for use and enjoyment all the year long. Wrap around deck offers lots of space for large family gatherings and the best outdoor grilling area with a view of The Salt Pond. In addition there is access for those in this small community , to the waterfront for the finest kayaking, Paddle boarding , small boating available anywhere , leading to Assawoman canal , Whites Creek, Indian River Bay and the Atlantic Ocean. Walkway at the end of cul de sac leads to small day pier for crabbing and more. Don’t hesitate to see this property, as there is no limit to the rental potential as investment property. As-is whereis.

Last Agent to Sell the Property

LOUIS TRAVALINI JR

(302) 539-3033 coastalrealestateinc@gmail.com COASTAL REAL ESTATE Listed on: 05/03/2021

Last Buyer's Agent

Dustin Parker

(302) 217-6692 broker@theparkergroup.com The Parker Group License #672690

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,804

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 75.00 x 135.00
  • Home fronts navigable water
  • Vinyl Fence
  • Landscaped
  • No Through Street
  • Back Yard Fenced and Front Yard
  • Property is zoned MR

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Frame Construction
  • Architectural Shingle Roof
  • Piling Construction

Interior Spaces

  • 3,456 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Chair Railings
  • Ceiling Fan
  • Recessed Lighting
  • 1 Fireplace
  • Window Treatments
  • Family Room Off Kitchen
  • Family Room on Second Floor
  • Living Room
  • Formal Dining Room
  • Home Office
  • Water Views
  • Surveillance System

Kitchen

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

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • Parking available for a boat

Outdoor Features

  • Outdoor Shower
  • Canoe or Kayak Water Access
  • Property Near A Cove
  • Personal Watercraft
  • Limit On Boat Length
  • Powered Boats Permitted
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Water Treatment System
  • Well
  • Electric Water Heater
  • Water Conditioner is Owned
  • Water Conditioner

Additional Features

  • More Than Two Accessible Exits
  • Flood Risk

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 134-13.00-855.00

Community Details

Overview

  • Pond Acre Association Inc HOA
  • Pond Acres Subdivision

Recreation

  • 1 Community Docks
  • Fishing Allowed

Security

  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,804

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Bi-Level
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: Yes
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer - Electric, Oven/Range - Electric, Washer, Water Conditioner - Owned, Water Heater, Microwave
  • Interior Amenities: Breakfast Area, Carpet, Ceiling Fan(s), Chair Railings, Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Formal/Separate Dining Room, Pantry, Recessed Lighting, Stall Shower, Tub Shower, Walk-In Closet(s), Water Treat System, Window Treatments, Wood Floors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Pilings
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 4, Bedroom 5, Kitchen, 2nd Stry Fam Rm, Office, Bathroom 1, Bathroom 3
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 3456
  • Living Area Sq Ft: 3456
  • Price Per Sq Ft: 201.10
  • Above Grade Finished Sq Ft: 3456
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 2
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Bbq Grill, Boat Storage, Exterior Lighting, Gutter System, Outside Shower
  • Road Surface Type: Black Top
  • Roof: Architectural Shingle
  • View: Water
  • Water Access Features: Canoe/Kayak, Personal Watercraft (PWC), Boat - Powered, Boat - Length Limit, Fishing Allowed
  • Water Access: Yes
  • Water Body Name: Salt Pond
  • Water Body Type: Cove
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 6

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security System, Surveillance Sys, 24 Hour Security, Electric Alarm
  • Sewer/Septic System: Public Sewer
  • Water Source: Well, Conditioner

Condo/Co-op/Association

  • HOA Fees: 300.00
  • HOA Fee Frequency: Semi-Annually
  • Condo Co-Op Association: No
  • HOA Name: POND ACRE ASSOCIATION INC
  • HOA: Yes
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Rear, Vinyl
  • Lot Features: Front Yard, Landscaping, No Thru Street
  • Lot Size Acres: 0.23
  • Lot Dimensions: 75.00 x 135.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10019.00
  • Zoning: MR
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5108385
  • School Tax: 1590.00
  • Tax Annual Amount: 1804.00
  • Assessor Parcel Number: 134-13.00-855.00
  • Tax Lot: 5
  • 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
May 3, 2021
Closed on
Oct 15, 2021
Sold by
Chevrier Diane
Bought by
Derby Rlest Dev Llc
Seller's Agent
LOUIS TRAVALINI JR
COASTAL REAL ESTATE
Buyer's Agent
Dustin Parker
The Parker Group
List Price
$725,000
Sold Price
$590,000
Premium/Discount to List
-$135,000
-18.62%
Current Estimated Value
$1,000,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$410,929
Avg. Annual Appreciation
13.14%
Original Mortgage
$660,000
Outstanding Balance
$601,858
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$399,071
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Derby Rlest Dev Llc $590,000 None Available
Derby Rlest Dev Llc $590,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Derby Rlest Dev Llc $660,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2021 10/15/21 Sold $590,000 -15.1% $171 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
07/09/2021 07/09/21 Price Changed $695,000 -4.1% $201 / Sq Ft
06/30/2021 06/30/21 For Sale $725,000 0.0% $210 / Sq Ft
05/29/2021 05/29/21 Pending -- -- --
05/23/2021 05/23/21 Price Changed $725,000 -13.6% $210 / Sq Ft
05/07/2021 05/07/21 Price Changed $839,000 -4.6% $243 / Sq Ft
05/03/2021 05/03/21 For Sale $879,000 -- $254 / 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 $1,502 $47,950 $4,000 $43,950
2024 $2,183 $47,950 $4,000 $43,950
2023 $2,205 $47,950 $4,000 $43,950
2022 $2,173 $47,950 $4,000 $43,950
2021 $2,114 $47,950 $4,000 $43,950
2020 $2,058 $47,950 $4,000 $43,950
2019 $2,050 $47,950 $4,000 $43,950
2018 $2,067 $47,950 $0 $0
2017 $2,082 $47,950 $0 $0
2016 $1,865 $47,950 $0 $0
2015 $1,915 $47,950 $0 $0
2014 $1,890 $47,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU182292

Bright MLS

APN: 134-13.00-855.00