NOT LISTED FOR SALE

5 Sea Side Dr Bethany Beach, DE 19930

Estimated Value: $1,517,000 - $2,063,000

4 Beds
3.5 Baths
2,000 Sq Ft
$886/Sq Ft Est. Value

Last Sold October 15, 2019

Last sale price $1,090,000 $545 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $10,661/month

111 Days on Market

Highlights

  • Ocean View
  • Home fronts navigable water
  • Coastal Architecture
  • Lord Baltimore Elementary School Rated A-
  • Water Access
  • Attic

About This Home

As of October 2019

Ocean block home located just steps to the beach. This spacious retreat features 4 Bedrooms, 3 baths with plenty of outdoor living spaces with screened porch and deck off the kitchen and great room. Perfect for entertaining family and friends at the beach. Situated on a quiet street in a small community in South Bethany. Perfect for personal use or as a rental with consistent rental history. Schedule your tour today.

Last Agent to Sell the Property

Robin Palumbo Thompson

(302) 745-8541 robinpthompson@northroprealty.com Northrop Realty License #RS-0014060 Listed on: 05/18/2019

Northrop Realty

Last Buyer's Agent

Mark D'ambrogi

(302) 542-2425 markd@crowleyrealestate.com Crowley Associates Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,049

Year Built

  • Built in 1984

Lot Details

  • 4,896 Sq Ft Lot
  • Lot Dimensions are 70.00 x 70.00
  • Home fronts navigable water
  • Property is in very good condition

HOA Fees

  • $21 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 2,000 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Family Room Off Kitchen
  • Open Floorplan
  • Screened Porch
  • Ocean Views
  • Flood Lights
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Laminate
  • Tile or Brick

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom

Laundry

  • Laundry on lower level
  • Electric Dryer
  • Washer

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near an ocean

Location

  • Flood Risk

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Vented Exhaust Fan
  • 220 Volts
  • 200+ Amp Service
  • Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Community Details

  • Sandpiper Village Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 9
  • Assessor Parcel Number 134-17.20-248.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,049

Year Built

Built in 1984

Lot Details

0

HOA Fees

$21 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Exclusions: Macleod plaque above washing machine door. All items in owners closet, kayak under house, contents of owners outdoor locked storage, lazy susan in kitchen.
  • Inclusions: Furnishings
  • New Construction: No
  • Story List: Lower 1, Main
  • Expected On Market: 2019-05-21
  • Federal Flood Zone: Yes
  • Year Built: 1984
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Oven/Range - Electric, Stainless Steel Appliances, Water Heater, Washer
  • Flooring Type: Tile/Brick, Laminated
  • Interior Amenities: Ceiling Fan(s), Family Room Off Kitchen, Primary Bath(s), Attic, Combination Kitchen/Dining, Breakfast Area, Combination Kitchen/Living, Window Treatments
  • Fireplace: No
  • Foundation Details: Pilings
  • Levels Count: 2
  • Room List: Kitchen, Family Room, Half Bath, Screened Porch
  • Basement: No
  • Laundry Type: Lower Floor
  • Total Sq Ft: 2000
  • Living Area Sq Ft: 2000
  • Price Per Sq Ft: 587.50
  • Above Grade Finished Sq Ft: 2000
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • All Lower Level Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 3
  • Lower Levels Bathrooms: 3.00
  • Lower Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Block, Concrete
  • Exterior Features: Flood Lights, Outside Shower
  • Roof: Architectural Shingle
  • View: Ocean
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service, 220 Volts, Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Phone Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA Fees: 250.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Lot Size Acres: 0.11
  • Lot Dimensions: 70.00 x 70.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4896.00
  • Property Condition: Very Good, Good
  • Zoning: Q
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Total Actual Rent: 60960.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5118350
  • School Tax: 926.00
  • Tax Annual Amount: 1049.00
  • Assessor Parcel Number: 134-17.20-248.00
  • Tax Lot: 9
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

Multi Family

  • Federal Flood Zone: AO

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2021
Sold by
Gallo Melinda M
Bought by
Melinda May Gallo Lt
Current Estimated Value
$1,982,852

Purchase Details

Listed on
May 18, 2019
Closed on
Oct 15, 2019
Sold by
Macleod Bruce and Macleod Janice E
Bought by
Gallo Melinda M
Seller's Agent
Robin Palumbo Thompson
Northrop Realty
Buyer's Agent
Mark D'ambrogi
Crowley Associates Realty
List Price
$1,175,000
Sold Price
$1,090,000
Premium/Discount to List
-$85,000
-7.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.10%
Original Mortgage
$872,000
Interest Rate
3.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Melinda May Gallo Lt -- None Available
Gallo Melinda M $1,090,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gallo Melinda M $872,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2019 10/15/19 Sold $1,090,000 -7.2% $545 / Sq Ft
09/06/2019 09/06/19 Pending -- -- --
05/18/2019 05/18/19 For Sale $1,175,000 -- $588 / 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 $3,268 $27,750 $8,950 $18,800
2024 $1,147 $27,750 $8,950 $18,800
2023 $1,146 $27,750 $8,950 $18,800
2022 $1,128 $27,750 $8,950 $18,800
2021 $1,094 $27,750 $8,950 $18,800
2020 $1,044 $27,750 $8,950 $18,800
2019 $1,039 $27,750 $8,950 $18,800
2018 $1,049 $27,750 $0 $0
2017 $1,058 $27,750 $0 $0
2016 $932 $27,750 $0 $0
2015 $961 $27,750 $0 $0
2014 $947 $27,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU140604

Bright MLS

APN: 134-17.20-248.00