NOT LISTED FOR SALE

508 Farragut House Rd Bethany Beach, DE 19930

3 Beds
2 Baths
1,275 Sq Ft
$715/mo HOA Fee

Last Sold March 31, 2017

Last sale price $750,000 $588 Per Sq Ft

Highlights

  • Ocean View
  • Beach
  • Fitness Center
  • Lord Baltimore Elementary School Rated A-
  • Water Access
  • Private Pool

About This Home

As of March 2017

Best of Sea Colony! You can't beat this view and location! Rarely available POINT unit is the only one on each level with ocean views from 2 of the bedrooms, and more sq ft than any other layout. When you?re not being wowed by the incredible view, enjoy ceramic tile floors throughout the living areas, updated kitchen with classic white cabinetry and stainless steel appliances, updated furnishings throughout, new slider, and newer HVAC unit. The Farragut building offers immediate proximity to the indoor pool, fitness center, and two oceanfront pools. At the perfect height to see the dunes, beach and ocean ? without the noise of the promenade below. Sea Colony is the area's only amenity-rich oceanfront community, featuring year-round security, walking/biking paths, brand new fitness center, indoor & outdoor tennis club with pro shop and active schedule, plus an activity schedule for the whole family! Property conveys with established rental income. and upward potential!

Last Agent to Sell the Property

Sarah Schifano

(302) 858-3945 sarahschifano@gmail.com Long & Foster Real Estate, Inc. Listed on: 02/05/2017

Long & Foster Real Estate, Inc.

Last Buyer's Agent

William Hand

(443) 880-1980 Bill@billhand.com Long & Foster Real Estate, Inc. License #RA-0020486

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1977

HOA Fees

Home Design

  • Coastal Architecture
  • Entry on the 5th floor
  • Pillar, Post or Pier Foundation
  • Stick Built Home
  • Composite Building Materials

Interior Spaces

  • 1,275 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Window Treatments
  • Window Screens
  • Open Floorplan
  • Living Room
  • Dining Room
  • Ocean Views
  • Security Gate
  • Stacked Washer and Dryer

Kitchen

  • Galley Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces Included
  • Covered Parking
  • Assigned Parking

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Balcony

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Ground Rent of $2,000 per year
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-17.00-56.04-508

Community Details

Overview

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

Amenities

  • Party Room
  • Elevator

Recreation

  • Beach
  • Tennis Courts
  • Indoor Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Indoor Pool
  • Jogging Path

Security

  • Security Guard
  • Gated Community

Property Details

Home Type

Condominium

Year Built

Built in 1977

Lot Details

0

HOA Fees

$715 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Coastal, Unit/Flat
  • 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: 1977
  • Remarks Public: Best of Sea Colony! You can't beat this view and location! Rarely available POINT unit is the only one on each level with ocean views from 2 of the bedrooms, and more sq ft than any other layout. When you?re not being wowed by the incredible view, enjoy ceramic tile floors throughout the living areas, updated kitchen with classic white cabinetry and stainless steel appliances, updated furnishings throughout, new slider, and newer HVAC unit. The Farragut building offers immediate proximity to the indoor pool, fitness center, and two oceanfront pools. At the perfect height to see the dunes, beach and ocean ? without the noise of the promenade below. Sea Colony is the area's only amenity-rich oceanfront community, featuring year-round security, walking/biking paths, brand new fitness center, indoor & outdoor tennis club with pro shop and active schedule, plus an activity schedule for the whole family! Property conveys with established rental income. and upward potential!
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 5
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Breakfast Area, Kitchen - Galley, Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, Window Treatments
  • Window Features: Screens
  • Fireplace: No
  • Foundation Details: Pillar/Post/Pier
  • Floors In Unit Count: 1
  • Level Count: 1
  • Levels Count: 1
  • Room Count: 6
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1275
  • Living Area Sq Ft: 1275
  • Net Sq Ft: 1275.00
  • Price Per Sq Ft: 626.67
  • Above Grade Finished Sq Ft: 1275
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 508

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Composition
  • Construction Completed: Yes
  • Exterior Features: Sidewalks
  • Roof: Unknown
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal, Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Assigned
  • Garage Features: Covered Parking
  • Number Of Parking Spaces Included: 2-Car Parking

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Heat Pump(s)
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security Gate
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 278.00
  • Water Source: Private

Condo/Co-op/Association

  • HOA Fees: 2424.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 6160.00
  • HOA Condo Co-Op Amenities: Basketball Courts, Beach, Cable, Elevator, Fitness Center, Party Room, Gated Community, Jog/Walk Path, Reserved/Assigned Parking, Tot Lots/Playground, Swimming Pool, Pool - Outdoor, 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: Acres
  • Outdoor Living Structures: Balcony
  • Zoning Description: HIGH DENSITY RESIDENTIAL

Building Info

  • Building Features: Elevator, Guard System

Rental Info

  • Furnished: Yes
  • Ground Rent Amt: 2000.00
  • Ground Rent Exists: Yes
  • Ground Rent Pymnt Freq: Annually
  • Total Actual Rent: 32000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 134-17.00-56.04-508
  • County Tax Payment Frequency: Annually
  • Close Date: 03/31/2017

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: INDIAN RIVER

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2017 03/31/17 Sold $750,000 -6.1% $588 / Sq Ft
02/20/2017 02/20/17 Pending -- -- --
02/05/2017 02/05/17 For Sale $799,000 -- $627 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sarah Schifano

    Seller's Agent in 2017

    Sarah Schifano

    Long & Foster

    (302) 858-3945

    48 in this area

    147 Total Sales

    Sarah Schifano
    Section Image
  • William Hand

    Buyer's Agent in 2017

    William Hand

    Long & Foster

    (443) 880-1980

    33 in this area

    41 Total Sales

    William Hand
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001025536

Bright MLS
Delaware Sussex County Bethany Beach 19930

508 Farragut House Rd, Bethany Beach, DE

This home is located at 508 Farragut House Rd, Bethany Beach, DE 19930 since 05 February 2017. This property was built in 1977. 508 Farragut 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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