NOT LISTED FOR SALE

490 Bethany Loop Bethany Beach, DE 19930

Estimated Value: $529,010 - $773,000

3 Beds
2.5 Baths
1,826 Sq Ft
$382/Sq Ft Est. Value

Last Sold December 21, 2019

Last sale price $438,000 $240 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,988/month

Highlights

  • Fitness Center
  • Water Oriented
  • Craftsman Architecture
  • Lord Baltimore Elementary School Rated A-
  • Open Floorplan
  • Clubhouse

About This Home

As of December 2019

Fully furnished home in the coveted Bethany Beach Salt Pond community! Buttercup Cottage offers what every discerning beach buyer would want, a fully furnished home with a classic beach house feel, but boasting all the modern amenities. This 3 bed/ 2.5 bath home, with just under 1900 square feet, has a great floor plan with beautiful hardwood floors throughout, open living, dining and kitchen areas with all the modern kitchen updates that would please any chef, including high end stainless steel appliances, gas cooktop with center grill, and island with breakfast bar. The dining area leads out to the screened in porch and adjoining deck overlooking trees and beautiful views of the Salt Pond which is just steps from your back yard. The living room gets great natural light and has a beautiful stone faced wood burning fireplace perfect for enjoying cozy evenings at home. The master bedroom is large with enough space for a seating area and doors that lead out to the master deck, and has an enormous walk-in closet and updated bath with extra-large shower. Two additional bedrooms are located so as to give both guests and hosts privacy, with an updated full bath with an extra deep jetted soaking tub. Rounding out the home, there is a generously sized laundry room, half bath, and two car garage. Those looking for homes in the Bethany area learn quickly what locals already know, that the Salt Pond Community is among the most sought after communities because of its incredible location less than a mile from the ocean, as well as its many other attractions, including a mid-length, executive 18-hole golf course, a community recreational center, indoor and outdoor pools, tennis and pickleball courts, a children's play area, and many other amenities. The community is composed of single family homes and town homes all nestled in established, tree filled streets with wonderful walking and bike paths nearby. Many residents are full time while others maintain seasonal homes. Salt Pond is uniquely situated for Delaware beach lovers, as it is about midway between the resort communities of Rehoboth Beach, Delaware to the north and Ocean City, Maryland to the south. Buttercup Cottage requires you to bring only your toothbrush and a love of the salt life!

Last Agent to Sell the Property

Paul Sicari

(202) 251-5566 pauls@buyatthebeach.com Compass License #659389 Listed on: 11/01/2019

Compass

Co-Listed By

Will Melton

(443) 621-3581 will.melton@compass.com Keller Williams Realty License #RS-0025376

Last Buyer's Agent

Mr. Neal Simonsen

(302) 539-1777 neal.simonsen@cbmove.com Coldwell Banker Realty License #RS-0025533

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,035

Year Built

  • Built in 2014

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 70.00 x 140.00
  • Property is zoned MR

HOA Fees

  • $151 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces
  • Front Facing Garage

Home Design

  • Craftsman Architecture
  • Coastal Architecture
  • Contemporary Architecture
  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 1,826 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Partially Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room
  • Dining Room
  • Screened Porch
  • Wood Flooring

Kitchen

  • Built-In Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Front Loading Dryer
  • Front Loading Washer

Outdoor Features

  • Water Oriented
  • Property is near a pond

Location

  • Flood Risk

Schools

  • Indian River High School

Utilities

  • Central Air
  • Heat Pump System
  • Tankless Water Heater

Listing and Financial Details

  • Tax Lot 175
  • Assessor Parcel Number 134-13.00-1482.00

Community Details

Overview

  • $500 Capital Contribution Fee
  • Association fees include common area maintenance, management, pool(s), recreation facility, reserve funds, road maintenance, snow removal, trash
  • Salt Pond Homeowner's Association, Phone Number (302) 539-1283
  • Salt Pond Subdivision
  • Property Manager

Amenities

  • Clubhouse
  • Meeting Room

Recreation

  • Golf Course Membership Available
  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Indoor Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,035

Year Built

Built in 2014

Lot Details

0

HOA Fees

$151 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary, Craftsman
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 2014
  • Remarks Public: Fully furnished home in the coveted Bethany Beach Salt Pond community! Buttercup Cottage offers what every discerning beach buyer would want, a fully furnished home with a classic beach house feel, but boasting all the modern amenities. This 3 bed/ 2.5 bath home, with just under 1900 square feet, has a great floor plan with beautiful hardwood floors throughout, open living, dining and kitchen areas with all the modern kitchen updates that would please any chef, including high end stainless steel appliances, gas cooktop with center grill, and island with breakfast bar. The dining area leads out to the screened in porch and adjoining deck overlooking trees and beautiful views of the Salt Pond which is just steps from your back yard. The living room gets great natural light and has a beautiful stone faced wood burning fireplace perfect for enjoying cozy evenings at home. The master bedroom is large with enough space for a seating area and doors that lead out to the master deck, and has an enormous walk-in closet and updated bath with extra-large shower. Two additional bedrooms are located so as to give both guests and hosts privacy, with an updated full bath with an extra deep jetted soaking tub. Rounding out the home, there is a generously sized laundry room, half bath, and two car garage. Those looking for homes in the Bethany area learn quickly what locals already know, that the Salt Pond Community is among the most sought after communities because of its incredible location less than a mile from the ocean, as well as its many other attractions, including a mid-length, executive 18-hole golf course, a community recreational center, indoor and outdoor pools, tennis and pickleball courts, a children's play area, and many other amenities. The community is composed of single family homes and town homes all nestled in established, tree filled streets with wonderful walking and bike paths nearby. Many residents are full time while others maintain seasonal homes. Salt Pond is uniquely situated for Delaware beach lovers, as it is about midway between the resort communities of Rehoboth Beach, Delaware to the north and Ocean City, Maryland to the south. Buttercup Cottage requires you to bring only your toothbrush and a love of the salt life!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer - Front Loading, Refrigerator, Stainless Steel Appliances, Washer - Front Loading, Water Heater - Tankless
  • Interior Amenities: Ceiling Fan(s), Floor Plan - Open, Primary Bath(s), Walk-In Closet(s), Wood Floors
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Kitchen, Screened Porch
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1826
  • Living Area Sq Ft: 1826
  • Price Per Sq Ft: 254.65
  • Above Grade Finished Sq Ft: 1826
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 490

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Aluminum Siding
  • Water Access: No
  • Water Body Type: Pond
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 2
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 1813.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Basketball Courts, Club House, Exercise Room, Golf Course Membership Available, Meeting Room, Pool - Indoor, Pool - Outdoor, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pool(s), Recreation Facility, Reserve Funds, Road Maintenance, Snow Removal, Trash
  • HOA Name: SALT POND HOMEOWNER'S ASSOCIATION
  • HOA Phone: (302) 539-1283
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Capital Contribution Fee: 500.00

Schools

  • School District: INDIAN RIVER
  • High School: INDIAN RIVER
  • High School Source: Listing Agent
  • School District Key: 300200396898
  • School District Source: Listing Agent
  • High School: INDIAN RIVER

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Land Use Code: RS
  • Lot Size Acres: 0.22
  • Lot Dimensions: 70.00 x 140.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9583.00
  • Year Assessed: 2019
  • Zoning: MR
  • In City Limits: No

Rental Info

  • Furnished: Partially
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5106757
  • School Tax: 912.00
  • Tax Annual Amount: 1035.00
  • Assessor Parcel Number: 134-13.00-1482.00
  • Tax Lot: 175
  • Tax Total Finished Sq Ft: 1826
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 12/21/2019

Multi Family

  • Federal Flood Zone: AE -

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2019
Closed on
Dec 20, 2019
Sold by
Rihn Thomas L and Rihn Karen F
Bought by
Smiley Michael A and Smiley Daisy B
Seller's Agent
Paul Sicari
Compass
Buyer's Agent
Mr. Neal Simonsen
Coldwell Banker Realty
List Price
$465,000
Sold Price
$438,000
Premium/Discount to List
-$27,000
-5.81%
Current Estimated Value
$697,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,753
Avg. Annual Appreciation
8.39%
Original Mortgage
$394,200
Outstanding Balance
$347,544
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$350,209

Purchase Details

Listed on
Sep 3, 2012
Closed on
May 10, 2013
Sold by
Riester John E and Riester Jane S
Bought by
Rihn Thomas L and Rihn Karen F
Seller's Agent
VICKIE YORK
VICKIE YORK AT THE BEACH REALTY
Buyer's Agent
Gregory Britt
Keller Williams Realty Delmarva
List Price
$157,500
Sold Price
$157,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.79%
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
Smiley Michael A $438,000 None Available
Rihn Thomas L $157,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smiley Michael A $394,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2019 12/21/19 Sold $438,000 -5.8% $240 / Sq Ft
11/12/2019 11/12/19 Pending -- -- --
11/01/2019 11/01/19 For Sale $465,000 +195.2% $255 / Sq Ft
05/20/2013 05/20/13 Sold $157,500 0.0% --
05/13/2013 05/13/13 Pending -- -- --
09/03/2012 09/03/12 For Sale $157,500 -- --
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 $1,661 $27,650 $6,000 $21,650
2024 $1,143 $27,650 $6,000 $21,650
2023 $1,142 $27,650 $6,000 $21,650
2022 $1,124 $27,650 $6,000 $21,650
2021 $1,090 $27,650 $6,000 $21,650
2020 $1,040 $27,650 $6,000 $21,650
2019 $1,059 $27,650 $6,000 $21,650
2018 $1,045 $27,650 $0 $0
2017 $1,054 $27,650 $0 $0
2016 $929 $27,650 $0 $0
2015 $957 $27,650 $0 $0
2014 $205 $6,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU150906

Bright MLS

APN: 134-13.00-1482.00