NOT LISTED FOR SALE

Dover House 704 Chesapeake House Rd Bethany Beach, DE 19930

Estimated Value: $478,737 - $1,091,000

2 Beds
2 Baths
1,097 Sq Ft
$696/mo HOA Fee

Last Sold August 24, 2020

Last sale price $490,000 $447 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $5,029/month

11 Days on Market

Highlights

  • Ocean Front
  • Beach
  • Contemporary Architecture
  • Lord Baltimore Elementary School Rated A-
  • Fitness Center
  • Community Indoor Pool

About This Home

As of August 2020

ONE OF TODAY'S MARKET'S BEST BUYS! This home is currently the lowest priced, direct view, ocean front two bedroom and bath home for sale at Sea Colony. Offering a beautiful ocean view up the picturesque Bethany Beach coastline, this furnished getaway includes over 1090 sq ft of living space and a generously sized balcony overlooking the pristine, blue ocean water and the nicely landscaped promenade area. The spacious master bedroom and living area border the glass, sliding balcony doors for your optimum viewing pleasure. There are currently rentals in place for this summer season--buy now and reap instant rental income. Sea Colony offers a half mile of private, white sandy beach, a world class tennis program, indoor and outdoor pools and tennis, a state of the art fitness center and endless opportunities for recreational activities and enjoyment. Don't let this golden opportunity pass you by!

Last Agent to Sell the Property

Tammy Hadder

Long & Foster Real Estate, Inc. License #RA-0020481 Listed on: 07/02/2020

Long & Foster Real Estate, Inc.

Co-Listed By

Anna Meiklejohn

Long & Foster Real Estate, Inc. License #RS-0024096

Last Buyer's Agent

Trevor Clark

1ST CHOICE PROPERTIES LLC License #RA-0020681

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $897

Year Built

  • Built in 1972

Lot Details

  • Ocean Front
  • Land Lease of $2,000 per year expires in 53 years
  • Ground Rent

HOA Fees

  • $696 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Metal Roof
  • Composite Building Materials
  • Masonry

Interior Spaces

  • 1,097 Sq Ft Home
  • Property has 1 Level
  • Furnished

Flooring

  • Carpet
  • Tile or Brick
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Parking

  • Parking Lot
  • 1 Assigned Parking Space

Outdoor Features

  • Shed

Utilities

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

Additional Features

  • Doors swing in
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-17.00-56.02-704N

Community Details

Overview

  • $2,472 Recreation Fee
  • $2,000 Capital Contribution Fee
  • Association fees include cable TV, common area maintenance, exterior building maintenance, high speed internet, insurance, lawn maintenance, management, reserve funds, road maintenance, trash, water
  • High-Rise Condominium
  • Sea Colony Chesapeake Community
  • Sea Colony East Subdivision
  • Property Manager

Amenities

  • Common Area
  • Elevator
  • Community Storage Space

Recreation

  • Beach
  • Indoor Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Community Spa

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$897

Year Built

Built in 1972

Lot Details

0

HOA Fees

$696 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Doors - Swing In
  • Ownership: Land Lease
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1972
  • Automatically Close On Close Date: No
  • Remarks Public: ONE OF TODAY'S MARKET'S BEST BUYS! This home is currently the lowest priced, direct view, ocean front two bedroom and bath home for sale at Sea Colony. Offering a beautiful ocean view up the picturesque Bethany Beach coastline, this furnished getaway includes over 1090 sq ft of living space and a generously sized balcony overlooking the pristine, blue ocean water and the nicely landscaped promenade area. The spacious master bedroom and living area border the glass, sliding balcony doors for your optimum viewing pleasure. There are currently rentals in place for this summer season--buy now and reap instant rental income. Sea Colony offers a half mile of private, white sandy beach, a world class tennis program, indoor and outdoor pools and tennis, a state of the art fitness center and endless opportunities for recreational activities and enjoyment. Don't let this golden opportunity pass you by!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 7
  • Flooring Type: Carpet, Vinyl, Tile/Brick
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1097
  • Living Area Sq Ft: 1097
  • Price Per Sq Ft: 454.88
  • Above Grade Finished Sq Ft: 1097
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 704

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Composition, Masonry
  • Roof: Metal
  • View: Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Parking Lot

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2087.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Basketball Courts, Beach, Cable, Common Grounds, Elevator, Exercise Room, Fitness Center, Hot Tub, Pool - Indoor, Pool - Outdoor, Reserved/Assigned Parking, Sauna, Security, Storage Bin, Tennis - Indoor, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Cable Tv, Common Area Maintenance, Ext Bldg Maint, High Speed Internet, Insurance, Lawn Maintenance, Management, Reserve Funds, Road Maintenance, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: 2472.00
  • Association Recreation Fee: Yes

Fee Information

  • Capital Contribution Fee: 2000.00

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Lease Amount: 2000.00
  • Land Lease Amt Freq: Annually
  • Land Lease Years Remaining: 53
  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony
  • Year Assessed: 2019
  • Zoning: AR-1
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: Yes
  • Total Actual Rent: 18000.00
  • Vacation Rental: Yes
  • Property Manager: Yes
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 5115723
  • School Tax: 790.00
  • Tax Annual Amount: 897.00
  • Assessor Parcel Number: 134-17.00-56.02-704N
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 08/24/2020

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2020
Closed on
Aug 24, 2020
Sold by
Dean Lisa S
Bought by
Kirilyuk Milena and Kirilyuk Xenia
Seller's Agent
Tammy Hadder
Long & Foster Real Estate, Inc.
Buyer's Agent
Trevor Clark
1ST CHOICE PROPERTIES LLC
List Price
$499,000
Sold Price
$490,000
Premium/Discount to List
-$9,000
-1.8%
Total Days on Market
11
Current Estimated Value
$755,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,684
Avg. Annual Appreciation
10.33%

Purchase Details

Closed on
Jun 13, 1986
Bought by
Passett Llc Margery B
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
Kirilyuk Milena $490,000 None Available
Passett Llc Margery B $155,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2020 08/24/20 Sold $490,000 -1.8% $447 / Sq Ft
07/13/2020 07/13/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $499,000 -- $455 / 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 $1,096 $23,950 $0 $23,950
2023 $1,095 $23,950 $0 $23,950
2022 $1,077 $23,950 $0 $23,950
2021 $1,045 $23,950 $0 $23,950
2020 $997 $23,950 $0 $23,950
2019 $992 $23,950 $0 $23,950
2018 $1,002 $26,500 $0 $0
2017 $1,010 $26,500 $0 $0
2016 $890 $26,500 $0 $0
2015 $918 $26,500 $0 $0
2014 $904 $26,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU163426

Bright MLS

APN: 134-17.00-56.02-704N