NOT LISTED FOR SALE

27845 Possum Point Rd Millsboro, DE 19966

Estimated Value: $231,283 - $369,000

2 Beds
2 Baths
855 Sq Ft
$320/Sq Ft Est. Value

Last Sold March 15, 2016

Last sale price $132,000 $154 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $1,508/month

Highlights

  • River View
  • Waterfront
  • Wood Flooring
  • Selbyville Middle School Rated A-
  • 1.43 Acre Lot
  • Attic

About This Home

As of March 2016

Great opportunity to own a charming 2 BR 2 BA cottage w/views of the Indian River. Lots of possibilities for an artist or workshop enthusiast w/separate 2-story building w/garage underneath and studio upstairs. Cozy eat-in kitchen with gas stove opens up to family room with engineered wood floors. First floor guest bedroom and master bedroom upstairs, each with own bathroom. Large deck off back of home overlooks mature trees on this approximately 1 acre property.

Last Agent to Sell the Property

Dennis Medlock

(410) 320-2386 dennismedlockrealtor@gmail.com Coldwell Banker Realty Listed on: 07/30/2015

Coldwell Banker Realty

Co-Listed By

Carol Proctor

(443) 567-0650 carol@carolproctor.com Berkshire Hathaway HomeServices PenFed Realty License #RS-0023288

Last Buyer's Agent

Dustin Oldfather

(302) 249-5899 Dustin@TheOldfatherGroup.com Compass License #RS-0017091

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $714

Year Built

  • Built in 1953

Lot Details

  • 1.43 Acre Lot
  • Waterfront
  • Zoning described as GENERAL RESIDENTIAL

Property Views

  • River
  • Creek or Stream

Home Design

  • Cottage
  • Block Foundation
  • Metal Roof
  • Wood Siding
  • Plywood Siding Panel T1-11
  • Stick Built Home

Interior Spaces

  • 855 Sq Ft Home
  • Property has 2 Levels
  • Partially Furnished
  • Stacked Washer and Dryer
  • Attic

Kitchen

  • Gas Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Tile or Brick

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • Detached Garage
  • Dirt Driveway

Outdoor Features

  • Water Access
  • River Nearby

Utilities

  • Cooling System Utilizes Bottled Gas
  • Window Unit Cooling System
  • Heating System Uses Propane
  • Well
  • Electric Water Heater
  • Cesspool

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 233-01.00-14.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$714

Year Built

Built in 1953

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
  • Inclusions: Partially Furnished
  • New Construction: No
  • Year Built: 1953
  • Remarks Public: Great opportunity to own a charming 2 BR 2 BA cottage w/views of the Indian River. Lots of possibilities for an artist or workshop enthusiast w/separate 2-story building w/garage underneath and studio upstairs. Cozy eat-in kitchen with gas stove opens up to family room with engineered wood floors. First floor guest bedroom and master bedroom upstairs, each with own bathroom. Large deck off back of home overlooks mature trees on this approximately 1 acre property.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Oven/Range - Gas, Refrigerator, Washer/Dryer Stacked, Water Heater
  • Flooring Type: Hardwood, Laminated, Tile/Brick
  • Interior Amenities: Attic
  • Fireplace: No
  • Foundation Details: Block, Crawl Space
  • Level Count: 2
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Outside Entrance
  • Living Area Units: Square Feet
  • Total Sq Ft: 855
  • Living Area Sq Ft: 855
  • Net Sq Ft: 855.00
  • Price Per Sq Ft: 187.02
  • Above Grade Finished Sq Ft: 855
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 27845

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, T-1-11, Wood Siding
  • Construction Completed: Yes
  • Roof: Metal, Unknown
  • View: River, Creek/Stream
  • Water Access: Yes
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage: Yes
  • Parking Features: Dirt Driveway
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Bottled Gas/Propane
  • Heating Type: Propane
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Cess Pool
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Lot Info

  • Lot Size Acres: 1.43
  • Lot Size Area: 62291
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 62291.00
  • Zoning Description: GENERAL RESIDENTIAL

Rental Info

  • Furnished: Partially
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5144442
  • Assessor Parcel Number: 233-01.00-14.00
  • County Tax Payment Frequency: Annually
  • Close Date: 03/15/2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2017
Bought by
Schanno Michael
Current Estimated Value
$273,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,971
Outstanding Balance
$148,509
Interest Rate
4.02%
Estimated Equity
$125,312

Purchase Details

Listed on
Jul 30, 2015
Closed on
Feb 27, 2016
Sold by
Strand Joan L and Gaydosh Phillip J
Bought by
Schanno Micheal T
Seller's Agent
Dennis Medlock
Coldwell Banker Realty
Buyer's Agent
Dustin Oldfather
Compass
List Price
$174,900
Sold Price
$132,000
Premium/Discount to List
-$42,900
-24.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.89%
Original Mortgage
$132,000
Interest Rate
3.72%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 7, 1990
Bought by
Gaydosh Francis W and Gaydosh Patricia 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
Schanno Michael -- --
Schanno Micheal T $132,000 None Available
Gaydosh Francis W $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaydosh Francis W $178,971
Closed Gaydosh Francis W --
Previous Owner Schanno Micheal T $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2016 03/15/16 Sold $132,000 -24.5% $154 / Sq Ft
11/28/2015 11/28/15 Pending -- -- --
07/30/2015 07/30/15 For Sale $174,900 -- $205 / 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 $714 $14,400 $3,450 $10,950
2024 $607 $14,400 $3,450 $10,950
2023 $607 $14,400 $3,450 $10,950
2022 $597 $14,400 $3,450 $10,950
2021 $580 $14,400 $3,450 $10,950
2020 $554 $14,400 $3,450 $10,950
2019 $551 $14,400 $3,450 $10,950
2018 $556 $14,400 $0 $0
2017 $561 $14,400 $0 $0
2016 $496 $14,400 $0 $0
2015 $499 $14,400 $0 $0
2014 $491 $14,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dennis Medlock

    Seller's Agent in 2016

    Dennis Medlock

    Coldwell Banker Realty

    (410) 320-2386

    1 in this area

    37 Total Sales

    Dennis Medlock
    Section Image
  • Carol Proctor

    Seller Co-Listing Agent in 2016

    Carol Proctor

    BHHS PenFed (actual)

    (443) 567-0650

    548 Total Sales

    Carol Proctor
    Section Image
  • Dustin Oldfather

    Buyer's Agent in 2016

    Dustin Oldfather

    Compass

    (302) 249-5899

    125 in this area

    1,488 Total Sales

    Dustin Oldfather
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001481968

Bright MLS

APN: 233-01.00-14.00

Delaware Sussex County Millsboro 19966

27845 Possum Point Rd, Millsboro, DE

This home is located at 27845 Possum Point Rd, Millsboro, DE 19966 since 30 July 2015 and is currently estimated at $273,821, approximately $320 per square foot. This property was built in 1953. 27845 Possum Point Rd is a home located in Sussex County with nearby schools including John M. Clayton Elementary School, Selbyville Middle School, and Indian River High School.

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