NOT LISTED FOR SALE

27878 Possum Point Rd Millsboro, DE 19966

Estimated Value: $214,951 - $268,000

3 Beds
1 Bath
1,224 Sq Ft
$198/Sq Ft Est. Value

Last Sold November 04, 2022

Last sale price $195,000 $159 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,324/month

Highlights

  • 2.33 Acre Lot
  • A-Frame Home
  • 4 Car Detached Garage
  • Selbyville Middle School Rated A-
  • No HOA
  • Central Air

About This Home

As of November 2022

Rare opportunity to own 2.3 acres lot with only county restrictions. Property is located outside the booming town of Millsboro, close to all the shops and restaurants, yet tucked away on a secluded dead end street. Home is being sold AS-IS. 30x36 detached garage that can be turned into whatever you want, has drywall already completed.

Last Agent to Sell the Property

Dustin Parker

(302) 483-7688 clientcare@theparkergroup.com The Parker Group License #672690 Listed on: 07/26/2022

Co-Listed By

AMY JONES

(302) 245-3451 amyjonesde@gmail.com The Parker Group License #RS-0014781

Last Buyer's Agent

Francis Esparza

(302) 339-5239 frannie@lindavistare.com Northrop Realty

Northrop Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $341

Year Built

  • Built in 1949 | Remodeled in 1997

Lot Details

  • 2.33 Acre Lot
  • Property is zoned GR

Parking

  • 4 Car Detached Garage
  • Front Facing Garage
  • Driveway

Home Design

  • A-Frame Home
  • Frame Construction
  • Shingle Siding

Interior Spaces

  • 1,224 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Unfinished Basement
  • Crawl Space

Bedrooms and Bathrooms

  • 1 Full Bathroom

Utilities

  • Central Air
  • Heating System Powered By Leased Propane
  • Electric Baseboard Heater
  • Well
  • Electric Water Heater
  • Cesspool

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 233-01.00-76.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$341

Year Built

Built in 1949 | Remodeled in 1997

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: A-Frame
  • Sussex De Quadrants: Between Rt 113 & 13
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2022-07-29
  • Federal Flood Zone: No
  • Year Built: 1949
  • Year Renovated: 1997
  • Automatically Close On Close Date: No
  • Remarks Public: Rare opportunity to own 2.3 acres lot with only county restrictions. Property is located outside the booming town of Millsboro, close to all the shops and restaurants, yet tucked away on a secluded dead end street. Home is being sold AS-IS. 30x36 detached garage that can be turned into whatever you want, has drywall already completed.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1224
  • Living Area Sq Ft: 1224
  • Price Per Sq Ft: 187.09
  • Above Grade Finished Sq Ft: 1224
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 27878

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Shingle Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Detached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Propane - Leased
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Cess Pool
  • Water Source: Well

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

  • Land Use Code: RS
  • Lot Size Acres: 2.33
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 101495.00
  • Year Assessed: 2021
  • Zoning: GR
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5144515
  • School Tax: 302.00
  • Tax Annual Amount: 341.00
  • Assessor Parcel Number: 233-01.00-76.00
  • Tax Total Finished Sq Ft: 728
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 11/04/2022

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2022
Closed on
Oct 31, 2022
Sold by
Hudson Charles C
Bought by
Landa-Ortiz Jesus
Seller's Agent
Dustin Parker
The Parker Group
Buyer's Agent
Francis Esparza
Northrop Realty
List Price
$239,000
Sold Price
$195,000
Premium/Discount to List
-$44,000
-18.41%
Views
79
Current Estimated Value
$241,988

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,988
Avg. Annual Appreciation
7.54%
Original Mortgage
$185,250
Outstanding Balance
$178,458
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$63,530
Source: Public Records

Range of Values:

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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
Landa-Ortiz Jesus $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Landa-Ortiz Jesus $185,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2022 11/04/22 Sold $195,000 -14.8% $159 / Sq Ft
09/26/2022 09/26/22 Pending -- -- --
09/20/2022 09/20/22 Price Changed $229,000 -4.2% $187 / Sq Ft
07/26/2022 07/26/22 For Sale $239,000 -- $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
2025 $659 $8,650 $2,500 $6,150
2024 $370 $8,650 $2,500 $6,150
2023 $369 $8,650 $2,500 $6,150
2022 $352 $8,650 $2,500 $6,150
2021 $365 $8,650 $2,500 $6,150
2020 $349 $8,650 $2,500 $6,150
2019 $348 $8,650 $2,500 $6,150
2018 $351 $8,650 $0 $0
2017 $354 $8,650 $0 $0
2016 $315 $8,650 $0 $0
2015 $324 $8,650 $0 $0
2014 $319 $8,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dustin Parker

    Seller's Agent in 2022

    Dustin Parker

    The Parker Group

    (302) 483-7688

    72 in this area

    778 Total Sales

    Dustin Parker
    Section Image
  • AMY JONES

    Seller Co-Listing Agent in 2022

    AMY JONES

    The Parker Group

    (302) 245-3451

    3 in this area

    4 Total Sales

    AMY JONES
    Section Image
  • Francis Esparza

    Buyer's Agent in 2022

    Francis Esparza

    Creig Northrop Team of Long & Foster

    (302) 339-5239

    13 in this area

    152 Total Sales

    Francis Esparza
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2025878

Bright MLS

APN: 233-01.00-76.00

Delaware Sussex County Millsboro 19966

27878 Possum Point Rd, Millsboro, DE

This home is located at 27878 Possum Point Rd, Millsboro, DE 19966 since 26 July 2022 and is currently estimated at $241,988, approximately $197 per square foot. This property was built in 1949. 27878 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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