Seller's Agent in 2024
Michele Petrillo
Long & Foster
(301) 518-2130
9 in this area
65 Total Sales
1 Sumter Ct Ocean View, DE 19970
Estimated Value: $447,862 - $590,000
4
Beds
2.5
Baths
2,674
Sq Ft
$201/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Contemporary Architecture
- Garden View
- Lord Baltimore Elementary School Rated A-
- Wood Flooring
- Attic
About This Home
As of January 2024From the minute you walk through the front door, you will see the meticulous care that the sellers have taken of this beautiful home in the community of Wedgefield in Ocean View. This is a wonderful community just 4 miles to Bethany Beach. Ride your bike to town to enjoy the beautiful beach and all that Bethany town center has to offer. Or walk across the street to play a round of golf at Bear Trap Dunes, and a beer & a bite to eat afterwards at The Den at Bear Trap restaurant. This is one of the best locations in Ocean View whether you are looking for an investment property, your primary residence or second home. With 4 bedrooms and 2.5 baths plus a bonus room on the first floor that could be a 5th bedroom, there is plenty of room for everyone. Boasting almost 2,700 SF of beautifully decorated living space on 2 floors, the property has been a very successful investment property with annual gross rental income of $59,000-$76,000 per year since 2021. The sellers have invested over $100,000 in improvements that include a newly remodeled kitchen, new HVAC system, new tankless hot water heater, new LVP flooring and carpet, remodeled 2nd floor shared bathroom with a beautiful newly tiled shower, new custom cordless window treatments, and more. The den is set up as a younger children's area with a wide selection of children's DVD's, movies, children's books and board games. The garage is set up as a gaming room; every effort was made to provide their vacation rental clients with the best possible experience while at the beach. (Furniture and furnishings, including linens and a fully equipped kitchen are included. All furniture is less than 3 years old, interior & exterior, including the patio and screened-in porch.)
Last Agent to Sell the Property
(301) 518-2130 mapetrillo@gmail.com Long & Foster Real Estate, Inc. License #634304 Listed on: 06/19/2023
Last Buyer's Agent
(302) 332-2360 justin@bethanyarearealty.com BETHANY AREA REALTY LLC License #RS0023950
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,624
Year Built
- Built in 2005 | Remodeled in 2020
Lot Details
- 8,276 Sq Ft Lot
- Lot Dimensions are 64.00 x 101.00
- Landscaped
- Corner Lot
- Level Lot
- Property is in excellent condition
- Property is zoned TN
HOA Fees
- $67 Monthly HOA Fees
Parking
- 2 Car Direct Access Garage
- 4 Driveway Spaces
- Front Facing Garage
- Garage Door Opener
Home Design
- Contemporary Architecture
- Entry on the 1st floor
- Frame Construction
- Architectural Shingle Roof
- Aluminum Siding
Interior Spaces
- 2,674 Sq Ft Home
- Property has 2 Levels
- Open Floorplan
- Furnished
- Ceiling Fan
- Gas Fireplace
- Six Panel Doors
- Entrance Foyer
- Family Room Off Kitchen
- Living Room
- Formal Dining Room
- Bonus Room
- Screened Porch
- Garden Views
- Crawl Space
- Attic
Kitchen
- Electric Oven or Range
- Self-Cleaning Oven
- Microwave
- Dishwasher
- Stainless Steel Appliances
Flooring
- Wood
- Carpet
- Ceramic Tile
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
- Walk-In Closet
- Soaking Tub
Laundry
- Laundry Room
- Laundry on main level
Outdoor Features
- Screened Patio
Utilities
- Forced Air Heating and Cooling System
- 200+ Amp Service
- Metered Propane
- Electric Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 71
- Assessor Parcel Number 134-16.00-1543.00
Community Details
Overview
- Association fees include common area maintenance, pool(s), snow removal
- Wedgefield Hoa/Excel Property Mgmt HOA
- Built by GEMCRAFT
- Wedgefield Subdivision
- Property Manager
Recreation
- Community Playground
- Community Pool
- Jogging Path
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 19, 2023
Closed on
Jan 12, 2024
Sold by
Crocamo Julie K
Bought by
Litz Justin Duwayne and Moyer Chryssa
Seller's Agent
Michele Petrillo
Long & Foster Real Estate, Inc.
Buyer's Agent
Justin Voorheis
BETHANY AREA REALTY LLC
List Price
$619,000
Sold Price
$535,000
Premium/Discount to List
-$84,000
-13.57%
Views
568
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,966
Avg. Annual Appreciation
0.21%
Original Mortgage
$428,000
Outstanding Balance
$420,884
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$116,082
Purchase Details
Listed on
Jun 26, 2020
Closed on
Sep 18, 2020
Sold by
Seaman Roy G
Bought by
Crocamo Julie K
Seller's Agent
Jerry Clark
BETHANY AREA REALTY LLC
Buyer's Agent
ERIN S LEE
Keller Williams Realty
List Price
$349,900
Sold Price
$334,900
Premium/Discount to List
-$15,000
-4.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.15%
Original Mortgage
$301,410
Interest Rate
2.9%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Litz Justin Duwayne | $535,000 | None Listed On Document | |
| Crocamo Julie K | $334,900 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Litz Justin Duwayne | $428,000 | |
| Previous Owner | Crocamo Julie K | $301,410 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/12/2024 01/12/24 | Sold | $535,000 | -2.7% | $200 / Sq Ft |
| 11/18/2023 11/18/23 | Pending | -- | -- | -- |
| 10/21/2023 10/21/23 | Price Changed | $549,900 | -8.3% | $206 / Sq Ft |
| 08/31/2023 08/31/23 | Price Changed | $599,900 | -3.1% | $224 / Sq Ft |
| 06/19/2023 06/19/23 | For Sale | $619,000 | +84.8% | $231 / Sq Ft |
| 09/18/2020 09/18/20 | Sold | $334,900 | -1.5% | $125 / Sq Ft |
| 07/16/2020 07/16/20 | Price Changed | $339,900 | -2.9% | $127 / Sq Ft |
| 06/26/2020 06/26/20 | For Sale | $349,900 | -- | $131 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,007 | $36,450 | $6,750 | $29,700 |
| 2024 | $1,523 | $36,450 | $6,750 | $29,700 |
| 2023 | $1,522 | $36,450 | $6,750 | $29,700 |
| 2022 | $1,482 | $36,450 | $6,750 | $29,700 |
| 2021 | $1,438 | $36,450 | $6,750 | $29,700 |
| 2020 | $1,372 | $36,450 | $6,750 | $29,700 |
| 2019 | $1,424 | $36,450 | $6,750 | $29,700 |
| 2018 | $1,438 | $36,450 | $0 | $0 |
| 2017 | $1,449 | $36,450 | $0 | $0 |
| 2016 | $1,284 | $36,450 | $0 | $0 |
| 2015 | $1,322 | $36,450 | $0 | $0 |
| 2014 | $1,303 | $36,450 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michele Petrillo
-
ADAM KSEBE
Seller Co-Listing Agent in 2024
ADAM KSEBE
Long & Foster
(302) 864-8643
12 in this area
67 Total Sales
-
Justin Voorheis
J
Buyer's Agent in 2024
Justin Voorheis
BETHANY AREA REALTY LLC
(302) 332-2360
12 in this area
35 Total Sales
-
Jerry Clark
J
Seller's Agent in 2020
Jerry Clark
BETHANY AREA REALTY LLC
(443) 257-0145
5 in this area
46 Total Sales
-
ERIN S LEE
Buyer's Agent in 2020
ERIN S LEE
Keller Williams Realty
(302) 470-0281
2 in this area
360 Total Sales
Map
Source: Bright MLS
MLS Number: DESU2042528
APN: 134-16.00-1543.00
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