$685,500
SOLD JAN 19, 2022

501 Burningtree Ct Bethany Beach, DE 19930

4 Beds
2 Baths
1,408 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$487 Per Sq Ft

15% Above List Price

Highlights

  • Open Floorplan
  • Coastal Architecture
  • Furnished
  • Lord Baltimore Elementary School Rated A-
  • 1 Fireplace
  • Upgraded Countertops

About This Home

As of March 2023

Less than 1 mile to the Beach! Don't miss this Gorgeous 4 Bedroom, 2 Bath Coastal Cottage in popular Bethany West. Updated open Kitchen, with Stainless Appliances and Granite Countertops. The open Floor Plan with Vaulted Ceiling and Exposed Beams is bright and inviting. Enjoy the Fireplace or relax on the large Enclosed Back Porch. New Windows, Fresh Paint, an Outdoor Shower and a large Shed for storage make this your perfect Bethany Retreat. The home is nestled on a corner lot in a small Cul de sac with just a few other houses. Jump on the Trolley or use one of your Town parking passes to enjoy all that Bethany Beach has to offer. This Home is being sold Turn-key! The community of Bethany West has a low HOA and includes Pools, Tennis Courts, Basketball Courts, a Playground and a Fitness Center.

Last Agent to Sell the Property

Walter Taraila

Keller Williams Realty License #RB-0020798 Listed on: 10/22/2021

Keller Williams Realty

Co-Listed By

Rich Meadows

Compass License #RS0025009

Last Buyer's Agent

Leslie Kopp

Long & Foster Real Estate, Inc. License #RA-0003421

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,551

Year Built

  • Built in 1975

Lot Details

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

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Coastal Architecture
  • Frame Construction

Interior Spaces

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

Kitchen

  • Kitchen Island
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Location

  • Flood Risk

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 134-13.19-150.00

Community Details

Overview

  • Bethany West Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,551

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
  • Expected On Market: 2021-10-22
  • Federal Flood Zone: Yes
  • Year Built: 1975
  • Automatically Close On Close Date: No
  • Remarks Public: Less than 1 mile to the Beach! Don't miss this Gorgeous 4 Bedroom, 2 Bath Coastal Cottage in popular Bethany West. Updated open Kitchen, with Stainless Appliances and Granite Countertops. The open Floor Plan with Vaulted Ceiling and Exposed Beams is bright and inviting. Enjoy the Fireplace or relax on the large Enclosed Back Porch. New Windows, Fresh Paint, an Outdoor Shower and a large Shed for storage make this your perfect Bethany Retreat. The home is nestled on a corner lot in a small Cul de sac with just a few other houses. Jump on the Trolley or use one of your Town parking passes to enjoy all that Bethany Beach has to offer. This Home is being sold Turn-key! The community of Bethany West has a low HOA and includes Pools, Tennis Courts, Basketball Courts, a Playground and a Fitness Center.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Exposed Beams, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Island, Upgraded Countertops, Window Treatments, Ceiling Fan(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1408
  • Living Area Sq Ft: 1408
  • Price Per Sq Ft: 422.59
  • Above Grade Finished Sq Ft: 1408
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 501

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
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

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

Condo/Co-op/Association

  • HOA Fees: 600.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RS
  • Lot Size Acres: 0.16
  • Lot Dimensions: 89.00 x 82.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6970.00
  • Year Assessed: 2021
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5109270
  • School Tax: 605.00
  • Tax Annual Amount: 1551.00
  • Assessor Parcel Number: 134-13.19-150.00
  • Tax Lot: 9
  • Tax Total Finished Sq Ft: 1408
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 01/19/2022

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
$829,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,243
Avg. Annual Appreciation
2.60%
Original Mortgage
$570,000
Outstanding Balance
$556,388
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$252,958

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:

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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 Type Sale Price Title Company
Deed $760,000 --
Deed $685,500 Parsons & Robinson Pa
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $570,000 New Conventional
Previous Owner $480,000 New Conventional
Previous Owner $131,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $155,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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: DESU2008154

Bright MLS

APN: 134-13.19-150.00