NOT LISTED FOR SALE

131 Central Ave Ocean View, DE 19970

Estimated Value: $295,000 - $328,701

3 Beds
2 Baths
1,172 Sq Ft
$263/Sq Ft Est. Value

Last Sold July 03, 2024

Last sale price $325,000 $277 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $1,687/month

1 Day on Market

Highlights

  • Deck
  • Attic
  • No HOA
  • Lord Baltimore Elementary School Rated A-
  • Furnished
  • Cottage

About This Home

As of July 2024

If you're looking for an opportunity to buy an affordable cottage at the beach with endless future opportunity, look no further! This 3 Bedroom, 2 Full Bath bungalow is situated on a .41 acre lot, less than 2.5 miles to the Bethany Boardwalk and Beach! The home features a large Screened Porch for ideal outdoor summer living and had several updates between 2014-2016 including: replaced Shower and Vanity in primary bedroom, LVP Floor throughout, Replaced all windows except for front foyer and front bedroom, replaced front door and added 8" of insulation in ceiling and walls. Home could be enjoyed as is, or transformed into your dream home with the ample lot size available to expand. Home is an Estate Sale and sellers make no guarantees, encouraging buyers to do any necessary due diligence to verify the information provided. Home being sold As-Is and has had Full Pre-Inspection.

Last Agent to Sell the Property

Lauren Hudson

(302) 524-2006 lauren@thebrittsteam.com Keller Williams Realty Delmarva License #RS-0024702 Listed on: 05/25/2024

Keller Williams Realty Delmarva

Last Buyer's Agent

Lauren Hudson

(302) 524-2006 lauren@thebrittsteam.com Keller Williams Realty Delmarva License #RS-0024702 Listed on: 05/25/2024

Keller Williams Realty Delmarva

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $812

Year Built

  • Built in 1953 | Remodeled in 2014

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 140.00 x 125.00
  • Property is in average condition
  • Property is zoned TN

Parking

  • Driveway

Home Design

  • Cottage
  • Block Foundation
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,172 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Crawl Space
  • Electric Oven or Range
  • Stacked Washer and Dryer
  • Attic

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Screened Patio
  • Storage Shed
  • Outbuilding
  • Porch

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Vented Exhaust Fan
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Woodland Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 134-12.00-449.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$812

Year Built

Built in 1953 | Remodeled in 2014

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-05-25
  • Federal Flood Zone: No
  • Year Built: 1953
  • Year Renovated: 2014
  • Automatically Close On Close Date: No
  • Remarks Public: If you're looking for an opportunity to buy an affordable cottage at the beach with endless future opportunity, look no further! This 3 Bedroom, 2 Full Bath bungalow is situated on a .41 acre lot, less than 2.5 miles to the Bethany Boardwalk and Beach! The home features a large Screened Porch for ideal outdoor summer living and had several updates between 2014-2016 including: replaced Shower and Vanity in primary bedroom, LVP Floor throughout, Replaced all windows except for front foyer and front bedroom, replaced front door and added 8" of insulation in ceiling and walls. Home could be enjoyed as is, or transformed into your dream home with the ample lot size available to expand. Home is an Estate Sale and sellers make no guarantees, encouraging buyers to do any necessary due diligence to verify the information provided. Home being sold As-Is and has had Full Pre-Inspection.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked
  • Flooring Type: Carpet, Laminated
  • Interior Amenities: Attic
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block, Crawl Space
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 1172
  • Living Area Sq Ft: 1172
  • Price Per Sq Ft: 255.89
  • Above Grade Finished Sq Ft: 1172
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 131

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • 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: Storage Barn/Shed
  • Construction Materials: Vinyl Siding
  • Exterior Features: Outbuilding(s)
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • 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, Wall Unit, Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Land Use Code: 999
  • Lot Size Acres: 0.41
  • Lot Dimensions: 140.00 x 125.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 17859.60
  • Outdoor Living Structures: Screened, Porch(es), Deck(s)
  • Property Condition: Average
  • Year Assessed: 2023
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 811.82
  • Assessor Parcel Number: 134-12.00-449.00
  • Tax Total Finished Sq Ft: 1172
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 07/03/2024

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2024
Closed on
Jun 21, 2024
Sold by
Rapatski Robert and Herman Kelly
Bought by
Hain Clayton Douglas
Seller's Agent
Lauren Hudson
Keller Williams Realty Delmarva
Buyer's Agent
Lauren Hudson
Keller Williams Realty Delmarva
List Price
$299,900
Sold Price
$325,000
Premium/Discount to List
$25,100
8.37%
Views
20
Current Estimated Value
$307,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,325
Avg. Annual Appreciation
-4.32%
Original Mortgage
$215,000
Outstanding Balance
$212,407
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$95,268

Purchase Details

Listed on
Mar 7, 2017
Closed on
May 24, 2017
Sold by
Clark Deborah A and Clqrk Robert B
Bought by
Rapatski Steven M
Seller's Agent
Bill Gaines
Patterson-Schwartz-OceanView
Buyer's Agent
ROBERT MAXWELL
Keller Williams Realty
List Price
$149,900
Sold Price
$130,000
Premium/Discount to List
-$19,900
-13.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.73%
Original Mortgage
$117,000
Interest Rate
3.91%

Purchase Details

Closed on
Feb 28, 2002
Bought by
Clark Robert B Deborah A
Source: Public Records

Range of Values:

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Average Value
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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
Hain Clayton Douglas $325,000 None Listed On Document
Rapatski Steven M $260,000 None Available
Clark Robert B Deborah A $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hain Clayton Douglas $215,000
Previous Owner Clark Robert B Deborah A $117,000
Previous Owner Rapatski Steven M $117,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2024 07/03/24 Sold $325,000 +8.4% $277 / Sq Ft
05/25/2024 05/25/24 For Sale $299,900 +130.7% $256 / Sq Ft
05/24/2017 05/24/17 Sold $130,000 -13.3% $111 / Sq Ft
04/04/2017 04/04/17 Pending -- -- --
03/07/2017 03/07/17 For Sale $149,900 -- $128 / 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 $655 $6,550 $2,500 $4,050
2024 $284 $6,550 $2,500 $4,050
2023 $284 $6,550 $2,500 $4,050
2022 $279 $6,550 $2,500 $4,050
2021 $272 $6,550 $2,500 $4,050
2020 $260 $6,550 $2,500 $4,050
2019 $627 $6,550 $2,500 $4,050
2018 $629 $6,550 $0 $0
2017 $631 $6,550 $0 $0
2016 $589 $6,550 $0 $0
2015 $596 $6,550 $0 $0
2014 $593 $6,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2061496

Bright MLS

APN: 134-12.00-449.00