$1,100,000
SOLD OCT 7, 2024

5 N Edgewater House Rd Unit L5N Bethany Beach, DE 19930

2 Beds
2 Baths
1,350 Sq Ft
$718/mo HOA Fee

Recently Sold

$815 Per Sq Ft

8% Below List Price

105 Days on Market

Highlights

  • Ocean Front
  • Beach
  • Open Floorplan
  • Lord Baltimore Elementary School Rated A-
  • Fitness Center
  • Contemporary Architecture

About This Home

As of October 2024

Welcome to L5N Edgewater, a unique and rare property on the oceanfront. There are only two additional homes of this floor plan within the prestigious Sea Colony Community. This condo is one of the three largest two bedroom two bath homes with 1350 sq ft of living space and with numerous features found only in this floor plan. Highlights include an oversized patio with an outdoor awning, an eat-in kitchen, and plenty of storage. The first floor location offers great convenience to an outdoor pool, indoor pool, a gym within the building, easy access to the beautiful private ½ mile community beach, entertainment and a panoramic view of the Atlantic Ocean. The convenience makes this location not only a special one, but an ideal coastal retreat in Bethany Beach.
From the generous size balcony area, step into the spacious and bright living area where you can enjoy the breathtaking views and the soothing sound of the waves. The living and dining areas feature new plush carpeting and floor-to-ceiling windows, creating a cozy atmosphere perfect for relaxing and entertaining.
The kitchen is a chef's delight, with white cabinetry, an oversized refrigerator, and ample counter space. The open eat-in kitchen also provides a convenient space for casual meals or morning coffee.
This condo also offers practical features such as vertical blinds throughout, ensuring privacy when needed. The sliders have been replaced at some time, adding to the overall appeal of the unit.
Additional features include a sunset view from the small rear balconies, a separate utility room, plenty of storage space throughout the home, vertical blind window treatments and ceiling fans. Don't miss this opportunity to own a piece of paradise in Sea Colony.

Last Agent to Sell the Property

Anna Meiklejohn

Long & Foster Real Estate, Inc. License #RS-0024096 Listed on: 04/30/2024

Long & Foster Real Estate, Inc.

Co-Listed By

Tammy Hadder

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

Last Buyer's Agent

JENNIFER SMITH

Keller Williams Realty License #RS-0024095

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,216

Year Built

  • Built in 1975

Lot Details

  • Ocean Front
  • East Facing Home
  • Land Lease expires in 50 years
  • Ground Rent

HOA Fees

  • $718 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Metal Roof
  • Composite Building Materials
  • Masonry

Interior Spaces

  • 1,350 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Awning
  • Window Treatments
  • Dining Area
  • Ocean Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Upgraded Countertops

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Balcony
  • Storage Shed

Utilities

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

Additional Features

  • Level Entry For Accessibility
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 134-17.00-56.03-L5N

Community Details

Overview

  • $3,044 Recreation Fee
  • $6,000 Capital Contribution Fee
  • Association fees include cable TV, common area maintenance, exterior building maintenance, health club, insurance, lawn maintenance, management, reserve funds, road maintenance, trash, water
  • High-Rise Condominium
  • Built by Edgewater House
  • Sea Colony Edgewater Community
  • Sea Colony East Subdivision
  • Property Manager

Amenities

  • Elevator

Recreation

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

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,216

Year Built

Built in 1975

Lot Details

0

HOA Fees

$718 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Level Entry - Main
  • Ownership: Land Lease
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1975
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to L5N Edgewater, a unique and rare property on the oceanfront. There are only two additional homes of this floor plan within the prestigious Sea Colony Community. This condo is one of the three largest two bedroom two bath homes with 1350 sq ft of living space and with numerous features found only in this floor plan. Highlights include an oversized patio with an outdoor awning, an eat-in kitchen, and plenty of storage. The first floor location offers great convenience to an outdoor pool, indoor pool, a gym within the building, easy access to the beautiful private ½ mile community beach, entertainment and a panoramic view of the Atlantic Ocean. The convenience makes this location not only a special one, but an ideal coastal retreat in Bethany Beach. From the generous size balcony area, step into the spacious and bright living area where you can enjoy the breathtaking views and the soothing sound of the waves. The living and dining areas feature new plush carpeting and floor-to-ceiling windows, creating a cozy atmosphere perfect for relaxing and entertaining. The kitchen is a chef's delight, with white cabinetry, an oversized refrigerator, and ample counter space. The open eat-in kitchen also provides a convenient space for casual meals or morning coffee. This condo also offers practical features such as vertical blinds throughout, ensuring privacy when needed. The sliders have been replaced at some time, adding to the overall appeal of the unit. Additional features include a sunset view from the small rear balconies, a separate utility room, plenty of storage space throughout the home, vertical blind window treatments and ceiling fans. Don't miss this opportunity to own a piece of paradise in Sea Colony.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Breakfast Area, Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Floor Plan - Open, Kitchen - Eat-In, Recessed Lighting, Window Treatments, Dining Area, Entry Level Bedroom, Kitchen - Table Space, Bathroom - Tub Shower, Upgraded Countertops, Walk-In Closet(s)
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Has Laundry, Washer In Unit
  • Total Sq Ft: 1350
  • Living Area Sq Ft: 1350
  • Price Per Sq Ft: 888.15
  • Above Grade Finished Sq Ft: 1350
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Composition, Concrete, Masonry
  • Exterior Features: Awning(s)
  • Roof: Metal
  • View: Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2153.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Basketball Courts, Beach, Cable, Elevator, Exercise Room, Fitness Center, Jog/Walk Path, Pool - Indoor, Pool - Outdoor, Reserved/Assigned Parking, Swimming Pool, Tennis - Indoor, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Cable Tv, Common Area Maintenance, Ext Bldg Maint, Health Club, Insurance, Lawn Maintenance, Management, Reserve Funds, Road Maintenance, Trash, Water
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: 3044.00
  • Association Recreation Fee: Yes

Fee Information

  • Capital Contribution Fee: 6000.00

Schools

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

Lot Info

  • Land Lease Amt Freq: Annually
  • Land Lease Years Remaining: 50
  • Land Use Code: 999
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony
  • Year Assessed: 2023
  • Zoning: AR-1
  • In City Limits: No

Building Info

  • Builder Name: Edgewater House

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: Yes
  • Pets: Case By Case Basis, Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 1085.00
  • Tax Annual Amount: 1216.00
  • Assessor Parcel Number: 134-17.00-56.03-L5N
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 10/07/2024

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
Apr 30, 2024
Closed on
Oct 7, 2024
Sold by
Barbara J Brubaker Revocable Living Trus and Brubaker Roger E
Bought by
Novak Edmund Henry and Novak Sheila B
Seller's Agent
Anna Meiklejohn
Long & Foster Real Estate, Inc.
Buyer's Agent
JENNIFER SMITH
Keller Williams Realty
List Price
$1,199,000
Sold Price
$1,100,000
Premium/Discount to List
-$99,000
-8.26%
Total Days on Market
105
Views
78
Current Estimated Value
$1,119,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,402
Avg. Annual Appreciation
2.73%
Original Mortgage
$766,000
Outstanding Balance
$761,666
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$357,736

Purchase Details

Closed on
Oct 13, 1998
Bought by
Brubaker Barbara J (Trustee) Roger E Bru
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 Type Sale Price Title Company
Deed $1,100,000 None Listed On Document
Deed $1,100,000 None Listed On Document
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $766,000 New Conventional
Closed $766,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2024 10/07/24 Sold $1,100,000 -8.3% $815 / Sq Ft
08/13/2024 08/13/24 Pending -- -- --
04/30/2024 04/30/24 For Sale $1,199,000 -- $888 / 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 $1,296 $29,450 $0 $29,450
2023 $1,295 $29,450 $0 $29,450
2022 $1,274 $29,450 $0 $29,450
2021 $1,236 $29,450 $0 $29,450
2020 $1,179 $29,450 $0 $29,450
2019 $1,174 $29,450 $0 $29,450
2018 $1,185 $31,350 $0 $0
2017 $1,195 $31,350 $0 $0
2016 $1,053 $31,350 $0 $0
2015 $1,086 $31,350 $0 $0
2014 $1,069 $31,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2061194

Bright MLS

APN: 134-17.00-56.03-L5N