NOT LISTED FOR SALE

503 Brandywine House Rd Bethany Beach, DE 19930

Estimated Value: $36,384 - $626,000

1 Bed
1.5 Baths
725 Sq Ft
$532/mo HOA Fee

Last Sold September 28, 2017

Last sale price $290,000 $400 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,193/month

321 Days on Market

Highlights

  • Ocean View
  • Beach
  • Contemporary Architecture
  • Lord Baltimore Elementary School Rated A-
  • Water Access
  • Community Indoor Pool

About This Home

As of September 2017

Pay No Ground Rent!! Bright and spacious 1 bedroom 1 1/2 bath home featuring the sought after southern exposure and expansive view of the shoreline. Located in Phase I's well maintained and up to date building including outdoor BBQ grilling available like no other oceanfront Phase. Updated kitchen with white cabinetry, tile countertops and backsplash and updated appliance included. New HVAC installed Summer of 2016 and freshly painted throughout November 2016. Perfect and convenient parking spot with covered parking. Enjoy all that Sea Colony has to offer, private beach, indoor and outdoor swimming, indoor and outdoor tennis, work out facilities, and so much more. Only 1/2 mile stroll to quaint Bethany Beach Boardwalk with shopping, fine dining and fun for the entire family. Impressive rental history with Over $21K in 2016 rental income.

Last Agent to Sell the Property

Anna Meiklejohn

Long & Foster Real Estate, Inc. License #RS-0024096 Listed on: 10/25/2016

Long & Foster Real Estate, Inc.

Co-Listed By

Tammy Hadder

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

Last Buyer's Agent

Bill Cullin

Long & Foster Real Estate, Inc. License #RS0018675

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $817

Year Built

  • Built in 1971

HOA Fees

Home Design

  • Contemporary Architecture
  • Pillar, Post or Pier Foundation
  • Metal Roof
  • Composite Building Materials
  • Masonry

Interior Spaces

  • 725 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Window Treatments
  • Window Screens
  • Ocean Views
  • Stacked Washer and Dryer

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom

Parking

  • 1 Parking Space Included
  • Assigned Parking

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Balcony
  • Outbuilding

Location

  • Flood Risk

Utilities

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

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-17.00-56.01-503S

Community Details

Overview

  • Mid-Rise Condominium
  • Sea Colony Brandywine Community
  • Sea Colony East Subdivision

Amenities

  • Sauna
  • Elevator

Recreation

  • Beach
  • Tennis Courts
  • Indoor Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Community Indoor Pool
  • Community Spa
  • Jogging Path
  • Bike Trail

Security

  • Security Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$817

Year Built

Built in 1971

Lot Details

0

HOA Fees

$532 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1971
  • Remarks Public: Pay No Ground Rent!! Bright and spacious 1 bedroom 1 1/2 bath home featuring the sought after southern exposure and expansive view of the shoreline. Located in Phase I's well maintained and up to date building including outdoor BBQ grilling available like no other oceanfront Phase. Updated kitchen with white cabinetry, tile countertops and backsplash and updated appliance included. New HVAC installed Summer of 2016 and freshly painted throughout November 2016. Perfect and convenient parking spot with covered parking. Enjoy all that Sea Colony has to offer, private beach, indoor and outdoor swimming, indoor and outdoor tennis, work out facilities, and so much more. Only 1/2 mile stroll to quaint Bethany Beach Boardwalk with shopping, fine dining and fun for the entire family. Impressive rental history with Over $21K in 2016 rental income.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 5
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Breakfast Area, Window Treatments
  • Window Features: Screens
  • Fireplace: No
  • Foundation Details: Pillar/Post/Pier
  • Floors In Unit Count: 1
  • Level Count: 1
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 725
  • Living Area Sq Ft: 725
  • Net Sq Ft: 725.00
  • Price Per Sq Ft: 434.48
  • Above Grade Finished Sq Ft: 725
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 503

Beds/Baths

  • Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Composition
  • Construction Completed: Yes
  • Exterior Features: Outbuilding(s)
  • Roof: Metal
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 1
  • Parking Features: Assigned
  • Number Of Parking Spaces Included: 1-Car Parking

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 286.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 2424.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3956.00
  • HOA Condo Co-Op Amenities: Basketball Courts, Beach, Bike Trail, Cable, Elevator, Hot Tub, Jog/Walk Path, Reserved/Assigned Parking, Tot Lots/Playground, Swimming Pool, Pool - Outdoor, Sauna, Security, Tennis - Indoor, Tennis Courts
  • HOA: Yes
  • Association Recreation Fee: Yes
  • Community Pool Features: Indoor

Schools

  • School District: INDIAN RIVER
  • School District Key: 300200396898

Lot Info

  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony
  • Zoning Description: RESIDENTIAL PLANNED COMM.

Building Info

  • Building Features: Guard System

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 20270.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 134-17.00-56.01-503S
  • County Tax Payment Frequency: Annually
  • Close Date: 09/28/2017

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2012
Bought by
Sappington Richard Francis and Smith Sappington Nancy
Total Days on Market
321
Current Estimated Value
$461,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,360
Outstanding Balance
$125,547
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$336,299

Purchase Details

Closed on
Dec 29, 2011
Bought by
Sappington Richard Francis and Smith Sappington Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,360
Outstanding Balance
$125,547
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$336,299
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 Buyer Sale Price Title Company
Sappington Richard Francis $15,381 --
Sappington Richard Francis $15,381 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sappington Richard Francis $180,360
Closed Sappington Richard Francis $180,360
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2017 09/28/17 Sold $290,000 -7.9% $400 / Sq Ft
09/11/2017 09/11/17 Pending -- -- --
08/04/2017 08/04/17 Price Changed $315,000 -9.7% $434 / Sq Ft
10/25/2016 10/25/16 For Sale $349,000 -- $481 / 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 $817 $17,950 $0 $17,950
2023 $816 $17,950 $0 $17,950
2022 $803 $17,950 $0 $17,950
2021 $778 $17,950 $0 $17,950
2020 $743 $17,950 $0 $17,950
2019 $740 $17,950 $0 $17,950
2018 $747 $19,750 $0 $0
2017 $753 $19,750 $0 $0
2016 $664 $19,750 $0 $0
2015 $684 $19,750 $0 $0
2014 $674 $19,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001023010

Bright MLS

APN: 134-17.00-56.01-503S