NOT LISTED FOR SALE

20875 Cormorant Way Ocean View, DE 19970

Estimated Value: $650,777 - $789,000

5 Beds
3 Baths
2,919 Sq Ft
$254/Sq Ft Est. Value

Last Sold September 24, 2021

Last sale price $570,000 $195 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,581/month

3 Days on Market

Highlights

  • Marina
  • Bar or Lounge
  • Gourmet Kitchen
  • Lord Baltimore Elementary School Rated A-
  • Fitness Center
  • Open Floorplan

About This Home

As of September 2021

Nestled on a spacious, corner lot in the award-winning community of Bay Forest, this gorgeous 5 bedroom 3 bathroom home offers the absolute best of coastal living, designed with elegant craftsmanship and boasting modern upgrades throughout. Just minutes from the quaint oceanside town, Bethany Beach, possibilities are endless - enjoy tax free shopping along the avenue, indulge in the infamous Maryland blue crabs or soak up some sunshine while relaxing on the beach. Bay Forest is an amenity-rich community situated on 400 acres of forested woodlands at the mouth of Collins Creek Tributary in Ocean View, along the coast of the Atlantic Ocean. Start your mornings off by walking or biking on the ample trails that wind throughout the neighborhood or head down to the community pier, where you can spend your days fishing with your buddies or kayaking through the creek. The neighborhood highlights an incredible, state-of-the-art clubhouse with a fitness center, three pools equipped with a waterpark, lazy river, lap pool, cabanas and a poolside restaurant, as well as basketball and volleyball courts, bocce ball, a boat launch, putting green, playground and community herb garden. Your weekends will soon be occupied by Friday night happy hour at the clubhouse or around the firepit, where evening gatherings are common. A second clubhouse recently opened and has an elaborate fitness center, recreation barn and a swimming pool with an outdoor lounge. Voted Delaware's Community of the Year and Best Community in the Nation, life at the beach couldn't get any better! Gracefully designed, this coastal-style home features a flawless layout created with the concept of family being the top priority. Water proof vinyl flooring and 5" engineered hardwood flow throughout the open concept living, kitchen and dining space, ensuring entertaining guests is a breeze! Let the gourmet kitchen inspire your inner chef as it highlights 42" Timberlake Sierra Vista Painted Linen cabinets, level 2 granite countertops, a spacious center island that doubles as a breakfast bar and upgraded GE Stainless Steel Appliances, including a wall oven and built in microwave. The recently updated all weather room will quickly become your favorite spot to sip coffee in the mornings or unwind after long days on the beach. The luxurious entry level owner's suite features a walk-in closet and an upgraded, en suite bathroom with a Roman shower, ceramic tile and frameless shower door. This home also features a spacious study, 19x12 screened-in porch, and a giant bonus room upstairs that can be transformed into a second living space or can be utilized as a fifth bedroom. Better yet, this property includes an in-ground electric fence and two collars for your pets as well as complete landscaping and sprinkler service managed by Bright-View Landscaping. Beachside living has never been better - schedule your private tour today to check out this gorgeous home!

Last Agent to Sell the Property

Dustin Parker

The Parker Group License #672690 Listed on: 08/12/2021

Co-Listed By

Liz Grace

Northrop Realty

Last Buyer's Agent

Andrea Thomas

LPT Realty, LLC License #592602

LPT Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,591

Year Built

  • Built in 2017

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 66.00 x 120.00
  • Electric Fence
  • Landscaped
  • Corner Lot
  • Open Lot
  • Sprinkler System
  • Back and Front Yard
  • Property is zoned MR

HOA Fees

  • $272 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Coastal Architecture
  • Architectural Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Stick Built Home

Interior Spaces

  • 2,919 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Crown Molding
  • Tray Ceiling
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Recessed Lighting
  • Formal Dining Room
  • Crawl Space

Kitchen

  • Gourmet Kitchen
  • Built-In Oven
  • Built-In Range
  • Down Draft Cooktop
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile or Brick
  • Vinyl

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet

Outdoor Features

  • Screened Patio
  • Exterior Lighting
  • Porch

Location

  • Flood Risk

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Vented Exhaust Fan
  • Propane Water Heater

Listing and Financial Details

  • Tax Lot 580
  • Assessor Parcel Number 134-08.00-1256.00

Community Details

Overview

  • $1,075 Capital Contribution Fee
  • Association fees include lawn maintenance, common area maintenance, trash, pool(s), health club, reserve funds, recreation facility, road maintenance, snow removal
  • Bay Forest Community Association
  • Built by NV Homes
  • Bay Forest Club Subdivision

Amenities

  • Common Area
  • Clubhouse
  • Game Room
  • Community Center
  • Party Room
  • Bar or Lounge

Recreation

  • Marina
  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Pool
  • Putting Green
  • Jogging Path
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,591

Year Built

Built in 2017

Lot Details

0

HOA Fees

$272 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2021-08-14
  • Federal Flood Zone: Yes
  • Year Built: 2017
  • Remarks Public: Nestled on a spacious, corner lot in the award-winning community of Bay Forest, this gorgeous 5 bedroom 3 bathroom home offers the absolute best of coastal living, designed with elegant craftsmanship and boasting modern upgrades throughout. Just minutes from the quaint oceanside town, Bethany Beach, possibilities are endless - enjoy tax free shopping along the avenue, indulge in the infamous Maryland blue crabs or soak up some sunshine while relaxing on the beach. Bay Forest is an amenity-rich community situated on 400 acres of forested woodlands at the mouth of Collins Creek Tributary in Ocean View, along the coast of the Atlantic Ocean. Start your mornings off by walking or biking on the ample trails that wind throughout the neighborhood or head down to the community pier, where you can spend your days fishing with your buddies or kayaking through the creek. The neighborhood highlights an incredible, state-of-the-art clubhouse with a fitness center, three pools equipped with a waterpark, lazy river, lap pool, cabanas and a poolside restaurant, as well as basketball and volleyball courts, bocce ball, a boat launch, putting green, playground and community herb garden. Your weekends will soon be occupied by Friday night happy hour at the clubhouse or around the firepit, where evening gatherings are common. A second clubhouse recently opened and has an elaborate fitness center, recreation barn and a swimming pool with an outdoor lounge. Voted Delaware's Community of the Year and Best Community in the Nation, life at the beach couldn't get any better! Gracefully designed, this coastal-style home features a flawless layout created with the concept of family being the top priority. Water proof vinyl flooring and 5" engineered hardwood flow throughout the open concept living, kitchen and dining space, ensuring entertaining guests is a breeze! Let the gourmet kitchen inspire your inner chef as it highlights 42" Timberlake Sierra Vista Painted Linen cabinets, level 2 granite countertops, a spacious center island that doubles as a breakfast bar and upgraded GE Stainless Steel Appliances, including a wall oven and built in microwave. The recently updated all weather room will quickly become your favorite spot to sip coffee in the mornings or unwind after long days on the beach. The luxurious entry level owner's suite features a walk-in closet and an upgraded, en suite bathroom with a Roman shower, ceramic tile and frameless shower door. This home also features a spacious study, 19x12 screened-in porch, and a giant bonus room upstairs that can be transformed into a second living space or can be utilized as a fifth bedroom. Better yet, this property includes an in-ground electric fence and two collars for your pets as well as complete landscaping and sprinkler service managed by Bright-View Landscaping. Beachside living has never been better - schedule your private tour today to check out this gorgeous home!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Range, Microwave, Oven - Wall, Refrigerator, Stainless Steel Appliances, Icemaker, Range Hood, Dishwasher, Cooktop - Down Draft, Disposal, Exhaust Fan, Water Heater
  • Flooring Type: Hardwood, Carpet, Tile/Brick, Vinyl
  • Interior Amenities: Ceiling Fan(s), Carpet, Dining Area, Crown Moldings, Entry Level Bedroom, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Recessed Lighting, Walk-In Closet(s)
  • Fireplace: No
  • Wall Ceiling Types: Tray Ceilings, 9'+ Ceilings
  • Foundation Details: Crawl Space, Concrete Perimeter
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 2919
  • Living Area Sq Ft: 2919
  • Price Per Sq Ft: 194.93
  • Above Grade Finished Sq Ft: 2919
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 20875

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Exterior Features: Exterior Lighting, Sidewalks, Lawn Sprinkler
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Built In, Inside Access, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 272.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Basketball Courts, Tennis Courts, Bike Trail, Community Center, Fitness Center, Jog/Walk Path, Pool - Outdoor, Swimming Pool, Tot Lots/Playground, Bar/Lounge, Club House, Common Grounds, Exercise Room, Game Room, Party Room, Marina/Marina Club, Putting Green
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Common Area Maintenance, Trash, Pool(s), Health Club, Reserve Funds, Recreation Facility, Road Maintenance, Snow Removal
  • HOA Name: BAY FOREST COMMUNITY ASSOCIATION
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Capital Contribution Fee: 1075.00

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Electric
  • Improvement Assessed Value: 34100.00
  • Land Assessed Value: 6250.00
  • Land Use Code: RS
  • Lot Features: Corner, Front Yard, Rear Yard, Landscaping, Open
  • Lot Size Acres: 0.18
  • Lot Dimensions: 66.00 x 120.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7840.80
  • Outdoor Living Structures: Screened, Porch(es)
  • Year Assessed: 2021
  • Zoning: MR
  • In City Limits: No

Building Info

  • Builder Name: NV Homes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 9650593
  • School Tax: 1411.00
  • Tax Annual Amount: 1591.00
  • Assessor Parcel Number: 134-08.00-1256.00
  • Tax Lot: 580
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2021
  • Close Date: 09/24/2021

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2021
Closed on
Sep 24, 2021
Sold by
Freedman Melissa S and Haugen Victoria P
Bought by
Laugel Karen L
Seller's Agent
Dustin Parker
The Parker Group
Buyer's Agent
Andrea Thomas
LPT Realty, LLC
List Price
$569,000
Sold Price
$570,000
Premium/Discount to List
$1,000
0.18%
Total Days on Market
3
Current Estimated Value
$741,944

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,944
Avg. Annual Appreciation
7.36%
Original Mortgage
$519,874
Outstanding Balance
$479,191
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$262,753

Purchase Details

Closed on
Jul 29, 2020
Sold by
Freedman Melissa S
Bought by
Freedman Melissa S and Haugen Victoria P

Purchase Details

Closed on
Mar 9, 2018
Sold by
Nvr Inc
Bought by
Freedman Jonathan W and Freedman Melissa S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,200
Interest Rate
7.38%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 3, 2017
Sold by
Bay Forest Llc
Bought by
Nvr Inc T/A Nvhomes
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
Laugel Karen L $570,000 None Available
Freedman Melissa S -- None Available
Freedman Jonathan W $504,000 --
Nvr Inc T/A Nvhomes $16,180 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laugel Karen $35,000
Open Laugel Karen L $519,874
Previous Owner Haugen Victoria P $173,000
Previous Owner Freedman Jonathan $403,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2021 09/24/21 Sold $570,000 +0.2% $195 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $569,000 -- $195 / 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 $1,722 $6,250 $6,250 $0
2023 $1,725 $6,250 $6,250 $0
2022 $1,698 $6,250 $6,250 $0
2021 $1,663 $6,250 $6,250 $0
2020 $1,600 $6,250 $6,250 $0
2019 $1,593 $6,250 $6,250 $0
2018 $1,584 $40,350 $0 $0
2017 $238 $6,250 $0 $0
2016 $210 $6,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2004250

Bright MLS

APN: 134-08.00-1256.00