NOT LISTED FOR SALE

28010 Possum Point Rd Millsboro, DE 19966

Estimated Value: $228,000 - $328,000

2 Beds
1 Bath
880 Sq Ft
$300/Sq Ft Est. Value

Last Sold July 08, 2022

Last sale price $275,000 $312 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,445/month

67 Days on Market

Highlights

  • 30 Feet of Waterfront
  • 1 Dock Slip
  • River View
  • Selbyville Middle School Rated A-
  • Access to Tidal Water
  • Deck

About This Home

As of July 2022

Beautiful waterfront location on Indian River near the town of Millsboro. This two bedroom home is located in Possum Point where you own the land and there are no HOA fees. Perfect vacation getaway or year round home. Large deck and boat dock with boat lift sits right out your back door. Access to the Inland Bays, Indian River Inlet, Delaware Bay, and the Atlantic Ocean. Enjoy all of the wildlife that you share this beautiful environment with. Lots of ducks, geese, herons, ospreys, and even eagles call this area home. Watch the deer, muskrats, and even an occasional otter as you sit and enjoy your drinks on the back deck! Don't miss out on this magical slice of paradise!!

Last Agent to Sell the Property

Terry Millman

(302) 226-6640 TERRY@JACKLINGO.COM Jack Lingo - Rehoboth License #RA-0002220 Listed on: 03/11/2022

Jack Lingo - Rehoboth

Co-Listed By

Rick Monkman

(302) 226-6658 monk0388@aol.com Jack Lingo - Rehoboth License #RS-0016097

Last Buyer's Agent

Terry Millman

(302) 226-6640 TERRY@JACKLINGO.COM Jack Lingo - Rehoboth License #RA-0002220 Listed on: 03/11/2022

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $708

Year Built

  • Built in 1960

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 30.00 x 190.00
  • 30 Feet of Waterfront
  • Home fronts navigable water
  • Sloped Lot
  • Back Yard
  • Property is in good condition
  • Property is zoned GR

Property Views

  • River
  • Scenic Vista

Home Design

  • Rambler Architecture
  • Cottage
  • Frame Construction
  • Metal Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 880 Sq Ft Home
  • Property has 1 Level
  • Window Treatments
  • Living Room
  • Dining Room
  • Carpet
  • Crawl Space
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Access to Tidal Water
  • Private Water Access
  • River Nearby
  • Rip-Rap
  • Electric Hoist or Boat Lift
  • 1 Dock Slip
  • Physical Dock Slip Conveys
  • Stream or River on Lot
  • Powered Boats Permitted
  • Deck
  • Patio
  • Exterior Lighting
  • Shed

Location

  • Flood Risk

Schools

  • East Millsboro Elementary School
  • Millsboro Middle School
  • Indian River High School

Utilities

  • Window Unit Cooling System
  • Heating System Powered By Leased Propane
  • Hot Water Baseboard Heater
  • Propane
  • Well
  • Electric Water Heater
  • Cesspool
  • Phone Available

Community Details

  • No Home Owners Association
  • Possum Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 233-01.00-30.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$708

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage, Ranch/Rambler
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Exclusions: Large landscape rocks at edge of front stone beds, life ring on front of house, large rock with Lynch on it, crab pots, kayaks, two concrete lions, contents of shed, ship wheel on shed.
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1960
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Beautiful waterfront location on Indian River near the town of Millsboro. This two bedroom home is located in Possum Point where you own the land and there are no HOA fees. Perfect vacation getaway or year round home. Large deck and boat dock with boat lift sits right out your back door. Access to the Inland Bays, Indian River Inlet, Delaware Bay, and the Atlantic Ocean. Enjoy all of the wildlife that you share this beautiful environment with. Lots of ducks, geese, herons, ospreys, and even eagles call this area home. Watch the deer, muskrats, and even an occasional otter as you sit and enjoy your drinks on the back deck! Don't miss out on this magical slice of paradise!!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Oven/Range - Electric, Refrigerator, Washer
  • Interior Amenities: Carpet, Entry Level Bedroom, Window Treatments
  • Fireplace: No
  • Foundation Details: Crawl Space, Concrete Perimeter
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Kitchen
  • Basement: No
  • Total Sq Ft: 880
  • Living Area Sq Ft: 880
  • Price Per Sq Ft: 397.61
  • Above Grade Finished Sq Ft: 880
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 28010

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Frame
  • Exterior Features: Exterior Lighting
  • Road Surface Type: Paved
  • Roof: Metal
  • View: River, Water, Scenic Vista
  • Water Access Features: Private Access, Boat - Powered
  • Water Access: Yes
  • Water Body Name: Indian River
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 30

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway
  • Type Of Parking: Driveway, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Propane - Leased
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Cess Pool
  • Utilities: Electric Available, Phone Available, Propane
  • Water Source: Well
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: INDIAN RIVER
  • Elementary School: EAST MILLSBORO
  • Middle School: MILLSBORO
  • High School: INDIAN RIVER
  • School District Key: 300200396898
  • School District Source: Listing Agent
  • Elementary School: EAST MILLSBORO
  • High School: INDIAN RIVER
  • Middle Or Junior School: MILLSBORO

Lot Info

  • Land Use Code: RS
  • Lot Features: Rear Yard, Rip-Rapped, Sloping
  • Lot Size Acres: 0.13
  • Lot Dimensions: 30.00 x 190.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5663.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Property Condition: Good
  • Year Assessed: 2021
  • Zoning: GR
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • School Tax: 628.00
  • Tax Annual Amount: 708.00
  • Assessor Parcel Number: 233-01.00-30.00
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 07/08/2022

Multi Family

  • Federal Flood Zone: AE
  • Waterfront Features: Private Dock Site, Rip-Rap

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2022
Closed on
Jul 8, 2022
Sold by
Lynch Jerry D
Bought by
Plp Enterprises Llc
Seller's Agent
Terry Millman
Jack Lingo - Rehoboth
Buyer's Agent
Terry Millman
Jack Lingo - Rehoboth
List Price
$374,900
Sold Price
$275,000
Premium/Discount to List
-$99,900
-26.65%
Current Estimated Value
$264,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,902
Avg. Annual Appreciation
-1.24%

Purchase Details

Closed on
Jan 29, 2018
Sold by
Jobin Louis L and Jobin Sharon M
Bought by
Lynch Jerry D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.94%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 28, 2002
Bought by
Jobin Louis L and Jobin Sharon M
Source: Public Records

Range of Values:

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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
Plp Enterprises Llc $275,000 Hudson Jones Jaywork & Fisher
Lynch Jerry D $230,000 --
Jobin Louis L $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lynch Jerry D $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2022 07/08/22 Sold $275,000 -21.4% $313 / Sq Ft
05/17/2022 05/17/22 Pending -- -- --
04/19/2022 04/19/22 Price Changed $349,900 -5.4% $398 / Sq Ft
04/09/2022 04/09/22 Price Changed $369,900 -1.3% $420 / Sq Ft
03/11/2022 03/11/22 For Sale $374,900 -- $426 / 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 $718 $17,950 $2,000 $15,950
2024 $742 $17,950 $2,000 $15,950
2023 $741 $17,950 $2,000 $15,950
2022 $741 $17,950 $2,000 $15,950
2021 $720 $17,950 $2,000 $15,950
2020 $687 $17,950 $2,000 $15,950
2019 $684 $17,950 $2,000 $15,950
2018 $691 $17,950 $0 $0
2017 $684 $17,950 $0 $0
2016 $603 $17,950 $0 $0
2015 $622 $17,950 $0 $0
2014 $612 $17,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Terry Millman

    Seller's Agent in 2022

    Terry Millman

    Jack Lingo - Rehoboth

    (302) 226-6640

    2 in this area

    49 Total Sales

    Terry Millman
    Section Image
  • Rick Monkman

    Seller Co-Listing Agent in 2022

    Rick Monkman

    Jack Lingo - Rehoboth

    (302) 226-6658

    2 in this area

    45 Total Sales

    Rick Monkman
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2017462

Bright MLS

APN: 233-01.00-30.00

Delaware Sussex County Millsboro 19966

28010 Possum Point Rd, Millsboro, DE

This home is located at 28010 Possum Point Rd, Millsboro, DE 19966 since 11 March 2022 and is currently estimated at $264,098, approximately $300 per square foot. This property was built in 1960. 28010 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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