NOT LISTED FOR SALE

503 Chesapeake House Rd Bethany Beach, DE 19930

Estimated Value: $397,992 - $623,000

1 Bed
1.5 Baths
-- Sq Ft
$660/mo HOA Fee

Last Sold October 26, 2018

Last sale price $295,000

Est. 86% increase in value since last sale

Current estimated payment $3,809/month

89 Days on Market

Highlights

  • 2,640 Feet of Waterfront
  • Ocean View
  • Beach
  • Lord Baltimore Elementary School Rated A-
  • Primary bedroom faces the ocean
  • Pier or Dock

About This Home

As of October 2018

This wonderful one bedroom, one and a half bath home features broad and lovely views of the Atlantic Ocean, the town of Bethany Beach, and long views up the beach. A great opportunity to create your own hideaway at the beach, host friends and family, or use as an investment property. This home has the potential, once personalized and updated, to gross nearly $30,000 annually in rental income. Sea Colony offers 34 Tennis Courts - 6 indoor and a year round full time teaching staff, 12 Swimming Pools two of which are indoor, a half mile private beach, two different workout facilities, 24/7 security with restricted entry seasonally, activities and classes, lifeguards, and so much more. You deserve to live Better at Sea Colony.

Last Agent to Sell the Property

Steve Alexander

Keller Williams Realty License #RA-0020488 Listed on: 06/16/2018

Keller Williams Realty

Last Buyer's Agent

JENNIFER SMITH

Keller Williams Realty License #RS-0024095

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $742

Year Built

  • 1973

Lot Details

  • 2,640 Feet of Waterfront
  • Home fronts navigable water
  • Private Beach
  • Sandy Beach
  • Landscaped
  • Sprinkler System
  • Ground Rent expires in 54 years

HOA Fees

Property Views

  • Ocean
  • Panoramic
  • Scenic Vista

Home Design

  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Batts Insulation
  • Metal Roof
  • Piling Construction
  • Copper Plumbing
  • Composite Building Materials

Interior Spaces

  • Property has 1 Level
  • Furnished
  • Chair Railings
  • Double Pane Windows
  • Window Treatments
  • Window Screens
  • Sliding Doors
  • Insulated Doors
  • Family Room
  • Combination Dining and Living Room
  • Monitored

Kitchen

  • Galley Kitchen
  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Primary bedroom faces the ocean
  • En-Suite Primary Bedroom
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Stacked Electric Washer and Dryer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Paved Parking
  • Parking Lot
  • Parking Space Conveys
  • 1 Assigned Parking Space
  • Unassigned Parking

Accessible Home Design

  • Doors swing in
  • Doors with lever handles
  • Level Entry For Accessibility

Pool

  • Spa
  • Outdoor Shower

Outdoor Features

  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Private Water Access
  • Property is near an ocean
  • Swimming Allowed
  • Lake Privileges
  • Balcony
  • Exterior Lighting
  • Outdoor Storage
  • Storage Shed
  • Playground
  • Play Equipment

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Private Water Source
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot -56.02-503N
  • Assessor Parcel Number 134-17.00-56.02-503N

Community Details

Overview

  • Association fees include broadband, cable TV, common area maintenance, exterior building maintenance, health club, high speed internet, insurance, management, lawn maintenance, pier/dock maintenance, pool(s), recreation facility, reserve funds, road maintenance, sauna, security gate, snow removal, trash, water, bus service, lawn care front, lawn care rear, lawn care side
  • High-Rise Condominium
  • Sea Colony Chesapeake Community
  • Sea Colony East Subdivision
  • Community Lake

Amenities

  • Transportation Service
  • Common Area
  • Sauna
  • Clubhouse
  • Community Center
  • Meeting Room
  • Party Room
  • Recreation Room
  • 3 Elevators
  • Convenience Store
  • Community Storage Space

Recreation

  • Pier or Dock
  • Beach
  • Tennis Courts
  • Indoor Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Indoor Pool
  • Heated Community Pool
  • Community Pool with Domestic Water
  • Lap or Exercise Community Pool
  • Community Spa
  • Fishing Allowed
  • Jogging Path

Security

  • 24-Hour Security
  • Fenced around community
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$742

Year Built

1973

Lot Details

0

HOA Fees

$660 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Doors - Lever Handle(s), Doors - Swing In, Level Entry - Main
  • Ownership: Condominium
  • Historic: No
  • Inclusions: The home is sold as is.
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Remarks Public: This wonderful one bedroom, one and a half bath home features broad and lovely views of the Atlantic Ocean, the town of Bethany Beach, and long views up the beach. A great opportunity to create your own hideaway at the beach, host friends and family, or use as an investment property. This home has the potential, once personalized and updated, to gross nearly $30,000 annually in rental income. Sea Colony offers 34 Tennis Courts - 6 indoor and a year round full time teaching staff, 12 Swimming Pools two of which are indoor, a half mile private beach, two different workout facilities, 24/7 security with restricted entry seasonally, activities and classes, lifeguards, and so much more. You deserve to live Better at Sea Colony.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1973

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Microwave, Oven/Range - Electric, Range Hood, Washer, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 5
  • Flooring Type: Carpet, Vinyl, Ceramic Tile
  • Interior Amenities: Carpet, Chair Railings, Combination Dining/Living, Entry Level Bedroom, Flat, Kitchen - Galley, Primary Bedroom - Ocean Front, Pantry, Stall Shower, Window Treatments
  • Window Features: Double Pane, Screens
  • Door Features: Sliding Glass, Insulated
  • Elevators Count: 3
  • Wall Ceiling Types: Dry Wall, Masonry
  • Foundation Details: Pilings, Pillar/Post/Pier, Other
  • Levels Count: 1
  • Room List: Dining Room, Primary Bedroom, Kitchen, Family Room, Half Bath
  • Basement: No
  • Laundry Type: Has Laundry, Dryer In Unit, Washer In Unit
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 503

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Batts Insulation, Composition, Concrete, Copper Plumbing, Frame
  • Exterior Features: Exterior Lighting, Hot Tub, Outside Shower, Play Area, Play Equipment, Private Beach, Secure Storage, Sidewalks, Street Lights, Tennis Court(s), Underground Lawn Sprinkler
  • Road Surface Type: Paved, Black Top
  • Roof: Metal
  • View: Ocean, Panoramic, Scenic Vista
  • Water Access Features: Private Access, Swimming Allowed, Canoe/Kayak, Fishing Allowed
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 2640

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Assigned, Parking Space Conveys, Paved Parking, Under Home Parking, Unassigned
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Central, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: 24 Hour Security, Fire Detection System, Monitored, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Phone Available
  • Water Source: Private/Community Water
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 2424.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 5500.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Basketball Courts, Beach, Cable, Club House, Common Grounds, Community Center, Convenience Store, Elevator, Exercise Room, Extra Storage, Fencing, Fitness Center, Gated Community, Hot Tub, Jog/Walk Path, Lake, Meeting Room, Party Room, Pier/Dock, Pool - Outdoor, Pool - Indoor, Recreational Center, Reserved/Assigned Parking, Sauna, Security, Swimming Pool, Tennis - Indoor, Tennis Courts, Tot Lots/Playground, Transportation Service, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Broadband, Cable Tv, Common Area Maintenance, Ext Bldg Maint, Health Club, High Speed Internet, Insurance, Management, Lawn Maintenance, Pier/Dock Maintenance, Pool(s), Recreation Facility, Reserve Funds, Road Maintenance, Sauna, Security Gate, Snow Removal, Trash, Water, Bus Service, Lawn Care Front, Lawn Care Rear, Lawn Care Side
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Domestic Water, Heated, Filtered, In Ground, Indoor, Lap/Exercise

Schools

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

Lot Info

  • Additional Parcels: No
  • Lot Features: Landscaping
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony
  • Zoning: A
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: Yes
  • Ground Rent Years Remaining: 54
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5115681
  • School Tax: 655.00
  • Tax Annual Amount: 742.00
  • Assessor Parcel Number: 134-17.00-56.02-503N
  • Tax Lot: -56.02-503N
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 10/26/2018

Multi Family

  • Federal Flood Zone: VE
  • Income Expense List: Annual Ground Rent
  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 1984
Bought by
Reavey Edwin J and Reavey Sandra K
Total Days on Market
89
Current Estimated Value
$548,998
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
Reavey Edwin J $120,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2018 10/26/18 Sold $295,000 -13.2% --
09/13/2018 09/13/18 Pending -- -- --
06/16/2018 06/16/18 For Sale $339,900 -- --
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 $804 $17,950 $0 $17,950
2023 $803 $17,950 $0 $17,950
2022 $790 $17,950 $0 $17,950
2021 $767 $17,950 $0 $17,950
2020 $732 $17,950 $0 $17,950
2019 $728 $17,950 $0 $17,950
2018 $735 $19,450 $0 $0
2017 $742 $19,450 $0 $0
2016 $653 $19,450 $0 $0
2015 $674 $19,450 $0 $0
2014 $663 $19,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steve Alexander

    Seller's Agent in 2018

    Steve Alexander

    Keller Williams Realty

    (443) 497-4902

    11 in this area

    30 Total Sales

    Steve Alexander
    Section Image

  • J

    Buyer's Agent in 2018

    JENNIFER SMITH

    Keller Williams Realty

    (302) 245-7581

    86 in this area

    120 Total Sales

    JENNIFER SMITH
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001853148

Bright MLS

APN: 134-17.00-56.02-503N

Delaware Sussex County Bethany Beach 19930

503 Chesapeake House Rd, Bethany Beach, DE

This home is located at 503 Chesapeake House Rd, Bethany Beach, DE 19930 since 16 June 2018 and is currently estimated at $548,998. This property was built in 1973. 503 Chesapeake House Rd is a home located in Sussex County with nearby schools including Lord Baltimore Elementary School, Selbyville Middle School, and Indian River High School.

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