NOT LISTED FOR SALE

Estimated Value: $1,609,000 - $2,505,866

6 Beds
3 Baths
2,900 Sq Ft
$701/Sq Ft Est. Value

Last Sold February 18, 2022

Last sale price $2,100,000 $724 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $11,504/month

72 Days on Market

Highlights

  • Ocean View
  • Water Oriented
  • Gourmet Kitchen
  • Lord Baltimore Elementary School Rated A-
  • Oceanside
  • Open Floorplan

About This Home

As of February 2022

OCEANSIDE! "THE SEA LIFE COTTAGE" is only 4 lots from the Atlantic Ocean. This property is turn key and has all new maintenance free renovations. Just bring your clothes and enjoy the sun and beach. This is an impressive furnished home with numerous upgrades and amazing finishes throughout. This spacious cottage offers an inviting living room with fireplace, a beautiful gourmet kitchen with stainless steel appliances, white cabinets, quartz counter tops, outlets with USB plugs, large dining area, 3 sizeable theme decorated bedrooms and a hall bathroom with outstanding finishes. Upstairs you will discover another great area to hang out with a kitchenette/bar area and spacious deck with partial ocean views, king size primary ensuite bedroom, 2 guest rooms and guest bathroom. Plus a screened porch, back yard deck with large table for crab feast fun and outside shower. Just steps away to the sand and life guarded beach. A short walk/drive to downtown Bethany for the free entertainment on the boardwalk. Recent improvements: hardwood flooring, washer/dryer, HVAC, built in nightlight in all bathroom outlets, lower level decking and sidewalk and more. Successful rental with $63,000 income for 2021 and 6 weeks already booked for 2022.

Last Agent to Sell the Property

VICKIE YORK

VICKIE YORK AT THE BEACH REALTY Listed on: 10/29/2021

Last Buyer's Agent

Russell Stucki

RE/MAX Realty Group Rehoboth

RE/MAX Realty Group Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,827

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 70.00 x 70.00
  • Back Yard Fenced
  • Property is in excellent condition
  • Property is zoned TN

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Cottage
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 2,900 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Chair Railings
  • Wainscoting
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Gourmet Kitchen
  • Kitchenette
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • 6 Driveway Spaces
  • Gravel Driveway

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Oceanside
  • Balcony
  • Deck
  • Screened Patio
  • Outbuilding
  • Porch

Location

  • Flood Risk

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash
  • Public Septic
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • South Bethany Harbor Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 30
  • Assessor Parcel Number 134-17.20-185.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,827

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary, Cottage
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Inclusions: Furnished as seen
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2021-11-01
  • Federal Flood Zone: Yes
  • Automatically Close On Close Date: No
  • Remarks Public: OCEANSIDE! "THE SEA LIFE COTTAGE" is only 4 lots from the Atlantic Ocean. This property is turn key and has all new maintenance free renovations. Just bring your clothes and enjoy the sun and beach. This is an impressive furnished home with numerous upgrades and amazing finishes throughout. This spacious cottage offers an inviting living room with fireplace, a beautiful gourmet kitchen with stainless steel appliances, white cabinets, quartz counter tops, outlets with USB plugs, large dining area, 3 sizeable theme decorated bedrooms and a hall bathroom with outstanding finishes. Upstairs you will discover another great area to hang out with a kitchenette/bar area and spacious deck with partial ocean views, king size primary ensuite bedroom, 2 guest rooms and guest bathroom. Plus a screened porch, back yard deck with large table for crab feast fun and outside shower. Just steps away to the sand and life guarded beach. A short walk/drive to downtown Bethany for the free entertainment on the boardwalk. Recent improvements: hardwood flooring, washer/dryer, HVAC, built in nightlight in all bathroom outlets, lower level decking and sidewalk and more. Successful rental with $63,000 income for 2021 and 6 weeks already booked for 2022.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Icemaker, Microwave, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Hardwood
  • Interior Amenities: Breakfast Area, Ceiling Fan(s), Chair Railings, Combination Kitchen/Dining, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Kitchenette, Primary Bath(s), Stall Shower, Tub Shower, Wainscotting, Upgraded Countertops, Window Treatments
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Slab
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Upper Floor
  • Total Sq Ft: 2900
  • Living Area Sq Ft: 2900
  • Price Per Sq Ft: 741.38
  • Above Grade Finished Sq Ft: 2900
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Exterior Features: Outside Shower, Outbuilding(s)
  • Road Surface Type: Black Top
  • Roof: Asphalt
  • View: Ocean
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Gravel Driveway
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Septic
  • Utilities: Cable Tv Available, Phone Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • 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

  • Fencing: Partially, Rear
  • Land Use Code: RS
  • Lot Size Acres: 0.11
  • Lot Dimensions: 70.00 x 70.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Outdoor Living Structures: Balcony, Deck(s), Porch(es), Screened
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 65100.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5118278
  • Tax Annual Amount: 1827.00
  • Assessor Parcel Number: 134-17.20-185.00
  • Tax Lot: 30
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 02/18/2022

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2021
Closed on
Feb 18, 2022
Sold by
Toelle Scott J and Toelle Carol J
Bought by
Chretien Marc Augustin and Haines Elizabeth Ann
Seller's Agent
VICKIE YORK
VICKIE YORK AT THE BEACH REALTY
Buyer's Agent
Russell Stucki
RE/MAX Realty Group Rehoboth
List Price
$2,250,000
Sold Price
$2,100,000
Premium/Discount to List
-$150,000
-6.67%
Total Days on Market
72
Current Estimated Value
$2,031,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$68,045
Avg. Annual Appreciation
-1.63%
Original Mortgage
$1,575,000
Outstanding Balance
$1,479,074
Interest Rate
3.55%
Mortgage Type
Credit Line Revolving
Estimated Equity
$510,950
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
Chretien Marc Augustin $2,100,000 Norman Stephen P
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chretien Marc Augustin $1,575,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2022 02/18/22 Sold $2,100,000 -2.3% $724 / Sq Ft
01/09/2022 01/09/22 Pending -- -- --
12/14/2021 12/14/21 Price Changed $2,150,000 -4.4% $741 / Sq Ft
10/29/2021 10/29/21 For Sale $2,250,000 -- $776 / 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 $1,170 $28,300 $8,950 $19,350
2023 $1,169 $28,300 $8,950 $19,350
2022 $1,150 $28,300 $8,950 $19,350
2021 $1,140 $28,300 $8,950 $19,350
2020 $1,088 $28,300 $8,950 $19,350
2019 $1,084 $28,300 $8,950 $19,350
2018 $1,094 $28,300 $0 $0
2017 $1,103 $28,300 $0 $0
2016 $975 $28,300 $0 $0
2015 $1,004 $28,300 $0 $0
2014 $989 $28,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2008322

Bright MLS

APN: 134-17.20-185.00