NOT LISTED FOR SALE

13386 Madison Ave Selbyville, DE 19975

Estimated Value: $472,000 - $755,000

4 Beds
2.5 Baths
1,456 Sq Ft
$410/Sq Ft Est. Value

Last Sold September 29, 2020

Last sale price $420,000 $288 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,347/month

47 Days on Market

Highlights

  • Water Oriented
  • Bay View
  • Furnished
  • Phillip C. Showell Elementary School Rated A-
  • Coastal Architecture
  • No HOA

About This Home

As of September 2020

LOCATION! LOCATION! LOCATION! This turn key well maintained 4 bedroom 2.5 bath house situated with Panoramic bay views from your private balconies just steps away from popular Fenwick Island restaurants, is the one you have been looking for. Love to entertain? This spacious floor plan features a living room, family room, dining room, eat-in kitchen and gas fireplace. WOW!!! The enormous master suite has amazing water views, and if that wasn't enough, the second bedroom also has a private balcony with water views. New 30 year roof installed spring of 2020 and a neutral interior color palate makes this property easy for your designer touches. Less than 1 mile to Fenwick Island/ Ocean City MD Beaches. Call and schedule your appointment today!

Last Agent to Sell the Property

Ashley Brosnahan

Long & Foster Real Estate, Inc. License #RA-0031206 Listed on: 06/30/2020

Long & Foster Real Estate, Inc.

Co-Listed By

heather gates

Long & Foster Real Estate, Inc. License #RS-0023225

Last Buyer's Agent

Michele Pompa

Coldwell Banker Realty License #504925

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,076

Year Built

  • Built in 2003

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 51.00 x 119.00
  • Landscaped
  • Cleared Lot
  • Property is zoned AR-1

Parking

  • Driveway

Property Views

  • Bay
  • Panoramic

Home Design

  • Coastal Architecture
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,456 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Gas Fireplace
  • Window Screens
  • Partial Basement
  • Dryer

Kitchen

  • Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms

Outdoor Features

  • Water Oriented
  • Property near a bay

Utilities

  • Central Heating and Cooling System
  • Back Up Electric Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Edgewater Acres Subdivision

Listing and Financial Details

  • Tax Lot 161
  • Assessor Parcel Number 533-20.19-69.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,076

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2003
  • Automatically Close On Close Date: No
  • Remarks Public: LOCATION! LOCATION! LOCATION! This turn key well maintained 4 bedroom 2.5 bath house situated with Panoramic bay views from your private balconies just steps away from popular Fenwick Island restaurants, is the one you have been looking for. Love to entertain? This spacious floor plan features a living room, family room, dining room, eat-in kitchen and gas fireplace. WOW!!! The enormous master suite has amazing water views, and if that wasn't enough, the second bedroom also has a private balcony with water views. New 30 year roof installed spring of 2020 and a neutral interior color palate makes this property easy for your designer touches. Less than 1 mile to Fenwick Island/ Ocean City MD Beaches. Call and schedule your appointment today!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven - Single, Refrigerator, Dishwasher, Disposal, Dryer, Microwave, Icemaker, Trash Compactor, Water Heater
  • Flooring Type: Carpet, Ceramic Tile
  • Window Features: Screens
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 1456
  • Living Area Sq Ft: 1456
  • Price Per Sq Ft: 291.90
  • Above Grade Finished Sq Ft: 1456
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 13386

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Vinyl Siding
  • Roof: Architectural Shingle
  • View: Bay, Panoramic, Water
  • Water Access: No
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Central
  • Heating Type: Heat Pump - Electric Backup
  • 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

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 24600.00
  • Land Assessed Value: 4000.00
  • Land Use Code: RS
  • Lot Features: Cleared, Landscaping
  • Lot Size Acres: 0.13
  • Lot Dimensions: 51.00 x 119.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5663.00
  • Year Assessed: 2020
  • Zoning: AR-1
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 5241131
  • School Tax: 948.00
  • Tax Annual Amount: 1076.00
  • Assessor Parcel Number: 533-20.19-69.00
  • Tax Lot: 161
  • Tax Total Finished Sq Ft: 1456
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 09/29/2020

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2020
Closed on
Sep 29, 2020
Sold by
Young Mary E and Young Natasha
Bought by
Payan Maria A and Payan Farhad
Seller's Agent
Ashley Brosnahan
Long & Foster Real Estate, Inc.
Buyer's Agent
Michele Pompa
Coldwell Banker Realty
List Price
$425,000
Sold Price
$420,000
Premium/Discount to List
-$5,000
-1.18%
Current Estimated Value
$596,764

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,764
Avg. Annual Appreciation
7.40%
Original Mortgage
$260,000
Outstanding Balance
$231,778
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$364,986
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
Payan Maria A $420,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Payan Michael F $30,000
Open Payan Maria A $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2020 09/29/20 Sold $420,000 -1.2% $288 / Sq Ft
08/17/2020 08/17/20 Pending -- -- --
06/30/2020 06/30/20 For Sale $425,000 -- $292 / 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 $1,220 $28,600 $4,000 $24,600
2023 $1,218 $28,600 $4,000 $24,600
2022 $1,199 $28,600 $4,000 $24,600
2021 $1,164 $28,600 $4,000 $24,600
2020 $1,116 $28,600 $4,000 $24,600
2019 $1,111 $28,600 $4,000 $24,600
2018 $1,097 $28,600 $0 $0
2017 $1,106 $28,600 $0 $0
2016 $977 $28,600 $0 $0
2015 $1,006 $28,600 $0 $0
2014 $991 $28,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU163432

Bright MLS

APN: 533-20.19-69.00