NOT LISTED FOR SALE

503 Fairway Dr Bethany Beach, DE 19930

Estimated Value: $744,000 - $824,000

4 Beds
2 Baths
1,500 Sq Ft
$523/Sq Ft Est. Value

Last Sold October 06, 2023

Last sale price $670,000 $447 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,294/month

5 Days on Market

Highlights

  • Fitness Center
  • Open Floorplan
  • Engineered Wood Flooring
  • Lord Baltimore Elementary School Rated A-
  • Partially Wooded Lot
  • Furnished

About This Home

As of October 2023

ALL OFFERS TO BE SUBMITTED NO LATER THAN 4 PM SUNDAY, September 10, 2023. Popular 4BR 2 BA, Windjammer style home set in the highly desirable community of Bethany West that is within the town limits of Bethany Beach. It is positioned for easy access to downtown restaurants, shops, boardwalk and most of all the Beach! It is a delightful beach retreat with all the nostalgic of years gone by and has been well cared for and loved by one family for almost 30 years! The home features a unique style that lends itself to privacy for the bedroom areas but also having the open concept with the liv/din/kit being in the center of the home. This home also allows for the added enjoyment as well as entertaining space with an oversized screen porch off the dining area. The backyard is spacious and ideal for holding gatherings through the spring, summer and fall and even a game of corn hole, giant Jenga, or just an old fashion game of croquet! This home was designed for the relaxed beach life! Buy now and make memories to last a lifetime. Did I mention low property taxes and HOA??? This community features 2 outdoor pools, fitness center, basketball courts, tot lot, tennis and Pickleball courts. Don't forget about the Trolley that stops within this community for a fun excursion through the town. Be sure to visit the Farmer's Market during the summer months! Fresh fruit, vegetables, pies, bread etc.,from local vendors!

Last Agent to Sell the Property

Kathy Goodman

(302) 245-4096 kathygoodman@remax.net RE/MAX Coastal License #RS-0012034 Listed on: 09/05/2023

RE/MAX Coastal

Last Buyer's Agent

Kathy Goodman

(302) 245-4096 kathygoodman@remax.net RE/MAX Coastal License #RS-0012034 Listed on: 09/05/2023

RE/MAX Coastal

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,656

Year Built

  • Built in 1978

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 60.00 x 167.00
  • Partially Fenced Property
  • Partially Wooded Lot
  • Back Yard
  • Property is in average condition
  • Property is zoned TN

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Cottage
  • Frame Construction
  • Asphalt Roof
  • Stick Built Home

Interior Spaces

  • 1,500 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Bar
  • Paneling
  • Non-Functioning Fireplace
  • Family Room Off Kitchen
  • Combination Kitchen and Dining Room
  • Crawl Space
  • Electric Dryer

Kitchen

  • Galley Kitchen
  • Electric Oven or Range
  • Range Hood
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Engineered Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Additional Features

  • Level Entry For Accessibility
  • Flood Risk

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 134-13.19-21.02

Community Details

Overview

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

Amenities

  • Common Area

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,656

Year Built

Built in 1978

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Exclusions: Personal items in closets and dressers. Some pictures/artwork. Twin Wood Bed frames in rear right bedroom.
  • Inclusions: Sold with Furnishings As shown
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-09-05
  • Federal Flood Zone: Yes
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Oven/Range - Electric, Range Hood, Refrigerator, Water Heater
  • Flooring Type: Carpet, Engineered Wood
  • Interior Amenities: Combination Kitchen/Dining, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Galley, Bar, Upgraded Countertops
  • Fireplace Features: Non-Functioning, Other
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall, Paneled Walls
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1500
  • Living Area Sq Ft: 1500
  • Price Per Sq Ft: 413.33
  • Above Grade Finished Sq Ft: 1500
  • 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: Stick Built, Frame
  • Roof: Asphalt
  • 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
  • Utilities: Cable Tv Available
  • 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: Common Grounds, Fitness Center, Pool - Outdoor, 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

Schools

  • School District Source: Listing Agent

Lot Info

  • Fencing: Partially
  • Lot Features: Partly Wooded, Rear Yard
  • Lot Size Acres: 0.23
  • Lot Dimensions: 60.00 x 167.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10019.00
  • Property Condition: Average
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 651.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1656.00
  • Assessor Parcel Number: 134-13.19-21.02
  • Tax Lot: 22
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Federal Flood Zone: AE

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2023
Closed on
Oct 6, 2023
Sold by
Noreen C Emerson Living Trust
Bought by
Cronin William F and Cronin Mary A
Seller's Agent
Kathy Goodman
RE/MAX Coastal
Buyer's Agent
Kathy Goodman
RE/MAX Coastal
List Price
$620,000
Sold Price
$670,000
Premium/Discount to List
$50,000
8.06%
Views
340
Current Estimated Value
$784,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,068
Avg. Annual Appreciation
7.51%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cronin William F $670,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2023 10/06/23 Sold $670,000 +8.1% $447 / Sq Ft
09/05/2023 09/05/23 For Sale $620,000 -- $413 / 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 $1,439 $18,000 $3,750 $14,250
2024 $744 $18,000 $3,750 $14,250
2023 $743 $18,000 $3,750 $14,250
2022 $731 $18,000 $3,750 $14,250
2021 $710 $18,000 $3,750 $14,250
2020 $677 $18,000 $3,750 $14,250
2019 $674 $18,000 $3,750 $14,250
2018 $681 $18,000 $0 $0
2017 $686 $18,000 $0 $0
2016 $605 $18,000 $0 $0
2015 $623 $18,000 $0 $0
2014 $614 $18,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2047000

Bright MLS

APN: 134-13.19-21.02