NOT LISTED FOR SALE

27885 Possum Point Rd Millsboro, DE 19966

Estimated Value: $182,113 - $337,000

2 Beds
2 Baths
924 Sq Ft
$301/Sq Ft Est. Value

Last Sold July 17, 2018

Last sale price $210,000 $227 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,562/month

Highlights

  • River View
  • Waterfront
  • Deck
  • Selbyville Middle School Rated A-
  • 2.3 Acre Lot
  • Rambler Architecture

About This Home

As of July 2018

Unique opportunity to purchase 2 single family homes on approximately 2 +/- acres of land with views of the Indian River. Situated in a community known as Possum Point is where you will find this unique property. The first home is approximately 924 square feet and boast a living room, dining area, kitchen, 3 bedrooms, and 2 full bathrooms. The current tenant pays $860.00 per month. The second home is approximately 1,124 square feet and boast a living room, kitchen, dining area, laundry room, 3 bedrooms and 2 full bathrooms. The current tenant pays $975.00 per month. Both homes have a shared septic system. This is an excellent opportunity for an investor or someone looking to occupy one home and keep the second home as a rental for supplemental income.

Last Agent to Sell the Property

KELLY DELEON

(302) 934-8818 kelly.deleon@indianriverland.com INDIAN RIVER LAND CO License #rs-0018228 Listed on: 10/30/2017

Last Buyer's Agent

ERNESTINE SCHNABELE

(302) 841-1214 shannon.schnabele@indianriverland.com INDIAN RIVER LAND CO License #RA-0020634

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,080

Year Built

  • Built in 1970

Lot Details

  • 2.3 Acre Lot
  • Waterfront
  • Cleared Lot
  • Property is zoned GENERAL RESIDENTIAL, GENERAL RESIDENTIAL

Property Views

  • River
  • Creek or Stream

Home Design

  • Rambler Architecture
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 924 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Insulated Doors
  • Storm Doors
  • Attic

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Water Access
  • River Nearby
  • Deck
  • Outbuilding

Location

  • Flood Risk

Utilities

  • Window Unit Cooling System
  • Vented Exhaust Fan
  • Baseboard Heating
  • 200+ Amp Service
  • Well
  • Electric Water Heater
  • Gravity Septic Field

Community Details

  • No Home Owners Association
  • Possum Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 233-01.00-16.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,080

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1970
  • Remarks Public: Unique opportunity to purchase 2 single family homes on approximately 2 +/- acres of land with views of the Indian River. Situated in a community known as Possum Point is where you will find this unique property. The first home is approximately 924 square feet and boast a living room, dining area, kitchen, 3 bedrooms, and 2 full bathrooms. The current tenant pays $860.00 per month. The second home is approximately 1,124 square feet and boast a living room, kitchen, dining area, laundry room, 3 bedrooms and 2 full bathrooms. The current tenant pays $975.00 per month. Both homes have a shared septic system. This is an excellent opportunity for an investor or someone looking to occupy one home and keep the second home as a rental for supplemental income.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dryer - Electric, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Flooring Type: Carpet, Hardwood, Vinyl
  • Interior Amenities: Attic, Kitchen - Eat-In, Ceiling Fan(s), Window Treatments
  • Window Features: Insulated, Screens
  • Fireplace: No
  • Door Features: Insulated, Storm
  • Foundation Details: Block
  • Level Count: 1
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 924
  • Living Area Sq Ft: 924
  • Net Sq Ft: 924.00
  • Price Per Sq Ft: 248.81
  • Above Grade Finished Sq Ft: 924
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 27885

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Construction Completed: Yes
  • Exterior Features: Outbuilding(s)
  • Roof: Shingle, Asphalt
  • 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: No
  • Parking Features: Gravel Driveway
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Gravity Sept Fld
  • Water Source: Well

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

Lot Info

  • Lot Features: Cleared
  • Lot Size Acres: 2.30
  • Lot Size Area: 2
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 100188.00
  • Outdoor Living Structures: Deck(s)
  • Zoning: GENERAL RESIDENTIAL
  • Zoning Description: GENERAL RESIDENTIAL
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Total Actual Rent: 22020.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5144444
  • Assessor Parcel Number: 233-01.00-16.00
  • County Tax Payment Frequency: Annually
  • Close Date: 07/17/2018

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 28, 2022
Sold by
Carter Dominick William
Bought by
Lobo Trust
Current Estimated Value
$278,528
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lobo Trust -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2018 07/17/18 Sold $210,000 -8.7% $227 / Sq Ft
06/12/2018 06/12/18 Pending -- -- --
06/04/2018 06/04/18 Price Changed $229,900 -4.2% $249 / Sq Ft
10/30/2017 10/30/17 For Sale $239,900 -- $260 / 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 $1,080 $15,350 $4,300 $11,050
2024 $730 $15,350 $4,300 $11,050
2023 $729 $15,350 $4,300 $11,050
2022 $717 $15,350 $4,300 $11,050
2021 $696 $15,350 $4,300 $11,050
2020 $664 $15,350 $4,300 $11,050
2019 $575 $15,350 $4,300 $11,050
2018 $580 $15,350 $0 $0
2017 $585 $15,350 $0 $0
2016 $516 $15,350 $0 $0
2015 $532 $15,350 $0 $0
2014 $524 $15,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2018

    KELLY DELEON

    INDIAN RIVER LAND CO

    (302) 934-8818

    5 in this area

    18 Total Sales

    KELLY DELEON
    Section Image

  • E

    Buyer's Agent in 2018

    ERNESTINE SCHNABELE

    INDIAN RIVER LAND CO

    (302) 841-1214

    10 in this area

    33 Total Sales

    ERNESTINE SCHNABELE
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001568744

Bright MLS

APN: 233-01.00-16.00

Delaware Sussex County Millsboro 19966

27885 Possum Point Rd, Millsboro, DE

This home is located at 27885 Possum Point Rd, Millsboro, DE 19966 since 30 October 2017 and is currently estimated at $278,528, approximately $301 per square foot. This property was built in 1970. 27885 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes