NOT LISTED FOR SALE

501 Burningtree Ct Bethany Beach, DE 19930

Estimated Value: $818,000 - $1,036,000

4 Beds
2 Baths
1,408 Sq Ft
$651/Sq Ft Est. Value

Last Sold March 30, 2023

Last sale price $760,000 $540 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,919/month

42 Days on Market

Highlights

  • Fitness Center
  • Open Floorplan
  • Vaulted Ceiling
  • Lord Baltimore Elementary School Rated A-
  • Coastal Architecture
  • Wood Flooring

About This Home

As of March 2023

Delightful coastal retreat within walking distance to the beach and downtown Bethany! This immaculate Windjammer style home offers an open floorplan featuring a bright and airy great room with vaulted ceilings, exposed wood beams, hardwood floors and opens to a large 3 season sunroom. The kitchen has been beautifully updated with crisp white cabinetry, tiled backsplash, granite countertops, stainless steel appliances, and a large center island with seating. The storage shed will hold all of your beach chairs and an outdoor shower makes cleanup a breeze. Offered fully furnished, this home is ready to be enjoyed or could be an incredible investment opportunity as a rental property. Situated on a corner lot in Bethany West, a sought after community offering many amenities including 2 pools, 8 tennis courts, a fitness center and access to the canal for kayaking or stand up paddle boarding. When spending the day on the beach, ride the trolley or use your Town of Bethany parking permits to park downtown.

Last Agent to Sell the Property

Leslie Kopp

(302) 542-3917 leslie@lesliekopp.com Long & Foster Real Estate, Inc. License #RA-0003421 Listed on: 01/10/2023

Long & Foster Real Estate, Inc.

Co-Listed By

Christi Arndt

(302) 245-5223 christi@lesliekopp.com Long & Foster Real Estate, Inc. License #RS-0023120

Last Buyer's Agent

Leslie Kopp

(302) 542-3917 leslie@lesliekopp.com Long & Foster Real Estate, Inc. License #RA-0003421 Listed on: 01/10/2023

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,647

Year Built

  • Built in 1975

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 89.00 x 82.00
  • Corner Lot
  • Property is zoned TN

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Frame Construction
  • Stick Built Home

Interior Spaces

  • 1,408 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Family Room Off Kitchen
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces

Outdoor Features

  • Outdoor Shower
  • Enclosed Patio or Porch
  • Outdoor Storage

Location

  • Flood Risk

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 9
  • Assessor Parcel Number 134-13.19-150.00

Community Details

Overview

  • Association fees include common area maintenance, management, pool(s)
  • Bethany West Subdivision

Amenities

  • Community Center

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Lap or Exercise Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,647

Year Built

Built in 1975

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1975
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Flooring Type: Hardwood, Ceramic Tile, Carpet
  • Interior Amenities: Exposed Beams, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Island, Upgraded Countertops, Window Treatments, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Wood Floors
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Beamed Ceilings, Vaulted Ceilings
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1408
  • Living Area Sq Ft: 1408
  • Price Per Sq Ft: 550.43
  • Above Grade Finished Sq Ft: 1408
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Stick Built
  • Exterior Features: Outside Shower, Secure Storage
  • Road Surface Type: Paved
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 2

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 600.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Basketball Courts, Community Center, Fitness Center, Pool - Outdoor, Swimming Pool, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pool(s)
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: In Ground, Lap/Exercise

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Features: Corner
  • Lot Size Acres: 0.16
  • Lot Dimensions: 89.00 x 82.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6970.00
  • Outdoor Living Structures: Porch(es), Enclosed
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 36000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5109270
  • School Tax: 626.00
  • Tax Annual Amount: 1647.00
  • Assessor Parcel Number: 134-13.19-150.00
  • Tax Lot: 9
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2023
Closed on
Mar 30, 2023
Sold by
Ohopp Michael
Seller's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
Buyer's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
List Price
$775,000
Sold Price
$760,000
Premium/Discount to List
-$15,000
-1.94%
Views
187
Current Estimated Value
$916,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,501
Avg. Annual Appreciation
6.87%
Original Mortgage
$570,000
Outstanding Balance
$553,329
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$363,172

Purchase Details

Listed on
Oct 22, 2021
Closed on
Jan 3, 2022
Sold by
Robert Mcculley
Bought by
Ohopp Michael and Ohopp Priscilla Dea
Seller's Agent
Walter Taraila
Keller Williams Realty
Buyer's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
List Price
$595,000
Sold Price
$685,500
Premium/Discount to List
$90,500
15.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.06%
Original Mortgage
$480,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2012
Sold by
Irvin E Irvin E and Goshell Mary G
Bought by
Mcculley Robert and Mcculley Jean

Purchase Details

Closed on
Jan 13, 2012
Sold by
Irvin E Irvin E and Goshell Mary G
Bought by
Mcculley Robert and Mcculley Jean
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
-- $760,000 --
Ohopp Michael $685,500 Parsons & Robinson Pa
Mcculley Robert -- --
Mcculley Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcnamee James Edward $570,000
Previous Owner Ohopp Michael $480,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/30/2023 03/30/23 Sold $760,000 -1.9% $540 / Sq Ft
02/21/2023 02/21/23 Pending -- -- --
01/10/2023 01/10/23 For Sale $775,000 +13.1% $550 / Sq Ft
01/19/2022 01/19/22 Sold $685,500 +15.2% $487 / Sq Ft View Prior Sale
10/22/2021 10/22/21 For Sale $595,000 -- $423 / 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 $1,487 $17,300 $4,500 $12,800
2024 $715 $17,300 $4,500 $12,800
2023 $715 $17,300 $4,500 $12,800
2022 $703 $17,300 $4,500 $12,800
2021 $682 $17,300 $4,500 $12,800
2020 $651 $17,300 $4,500 $12,800
2019 $648 $17,300 $4,500 $12,800
2018 $654 $17,300 $0 $0
2017 $660 $17,300 $0 $0
2016 $581 $17,300 $0 $0
2015 $599 $17,300 $0 $0
2014 $590 $17,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2034066

Bright MLS

APN: 134-13.19-150.00