NOT LISTED FOR SALE

28449 Reef Dr Selbyville, DE 19975

Estimated Value: $623,000 - $686,218

4 Beds
3 Baths
2,400 Sq Ft
$276/Sq Ft Est. Value

Last Sold February 24, 2023

Last sale price $595,000 $248 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,910/month

101 Days on Market

Highlights

  • Fitness Center
  • Pond View
  • Craftsman Architecture
  • Phillip C. Showell Elementary School Rated A-
  • Open Floorplan
  • Community Lake

About This Home

As of February 2023

Beautiful Waterfront 4BR/3BA Model-like home located in the wonderful amenity-rich coastal community of Lighthouse Lakes. Situated on a large serene pond lot less than 15 minutes to the DE & MD Beaches this home boasts all that you need to start enjoying the coastal lifestyle as soon as you turn the key. As soon as you step in the front door your eyes will be directed to the large water view thanks to the beautiful and functionally designed open floor plan built by Bunting Construction. This home boasts 4 bedrooms, 3 full baths, designer kitchen, large open great room, sunroom addition, large screened-in porch, paver patio and a finished 2-car garage with epoxy coated flooring, all on 1-level of living! Nine foot ceilings add to the open and airy concept as do the views, the views, the views! Spend your days relaxing and observing all of the indigenous and migratory birds and deer from your screened in porch or on the paver patio. Additional features of the home are a tankless water heater, fireplace, gourmet kitchen, crown moldings, built-in bookcase shelving, quartz and granite countertops, LED recessed lighting and Natural Gas! Lighthouse Lakes is a very active community that offers a large community pool, tennis, pickleball, putting green, playground, kayaking and a community clubhouse complete with fitness center. Buy this house today and start living your vacation tomorrow!

Last Agent to Sell the Property

Eddie Rohe

Keller Williams Realty License #RS-0023824 Listed on: 09/30/2022

Keller Williams Realty

Last Buyer's Agent

Andrew Wolf

Compass

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,745

Year Built

  • Built in 2020

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 75.00 x 125.00
  • Property is zoned TN

HOA Fees

  • $175 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 4 Driveway Spaces

Home Design

  • Craftsman Architecture
  • Frame Construction
  • Blown-In Insulation
  • Architectural Shingle Roof
  • Concrete Perimeter Foundation
  • Stick Built Home
  • CPVC or PVC Pipes

Interior Spaces

  • 2,400 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • 1 Fireplace
  • Entrance Foyer
  • Great Room
  • Dining Room
  • Den
  • Sun or Florida Room
  • Engineered Wood Flooring
  • Pond Views
  • Crawl Space
  • Attic

Kitchen

  • Kitchen Island
  • Upgraded Countertops
  • Instant Hot Water

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level

Utilities

  • Forced Air Heating and Cooling System
  • Programmable Thermostat
  • Tankless Water Heater

Additional Features

  • Halls are 36 inches wide or more
  • Pond

Listing and Financial Details

  • Assessor Parcel Number 533-18.00-248.00

Community Details

Overview

  • Association fees include common area maintenance, lawn care front, lawn care rear, lawn care side, lawn maintenance, management, recreation facility, pool(s)
  • $175 Other One-Time Fees
  • Lighthouse Lakes HOA
  • Built by Bunting Construction
  • Lighthouse Lakes Subdivision
  • Property Manager
  • Community Lake

Amenities

  • Common Area
  • Clubhouse
  • Game Room
  • Community Center

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Putting Green
  • Jogging Path

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,745

Year Built

Built in 2020

Lot Details

0

HOA Fees

$175 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Craftsman
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: 36"+ Wide Halls
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-09-30
  • Federal Flood Zone: No
  • Year Built: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: Beautiful Waterfront 4BR/3BA Model-like home located in the wonderful amenity-rich coastal community of Lighthouse Lakes. Situated on a large serene pond lot less than 15 minutes to the DE & MD Beaches this home boasts all that you need to start enjoying the coastal lifestyle as soon as you turn the key. As soon as you step in the front door your eyes will be directed to the large water view thanks to the beautiful and functionally designed open floor plan built by Bunting Construction. This home boasts 4 bedrooms, 3 full baths, designer kitchen, large open great room, sunroom addition, large screened-in porch, paver patio and a finished 2-car garage with epoxy coated flooring, all on 1-level of living! Nine foot ceilings add to the open and airy concept as do the views, the views, the views! Spend your days relaxing and observing all of the indigenous and migratory birds and deer from your screened in porch or on the paver patio. Additional features of the home are a tankless water heater, fireplace, gourmet kitchen, crown moldings, built-in bookcase shelving, quartz and granite countertops, LED recessed lighting and Natural Gas! Lighthouse Lakes is a very active community that offers a large community pool, tennis, pickleball, putting green, playground, kayaking and a community clubhouse complete with fitness center. Buy this house today and start living your vacation tomorrow!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Engineered Wood
  • Interior Amenities: Attic, Built-Ins, Ceiling Fan(s), Crown Moldings, Entry Level Bedroom, Floor Plan - Open, Kitchen - Island, Pantry, Recessed Lighting, Upgraded Countertops, Wood Floors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Concrete Perimeter, Crawl Space
  • Levels Count: 1
  • Room List: Dining Room, Kitchen, Den, Foyer, Sun/Florida Room, Great Room, Laundry
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 2400
  • Living Area Sq Ft: 2400
  • Price Per Sq Ft: 249.96
  • Above Grade Finished Sq Ft: 2400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 28449

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Blown-In Insulation, Cpvc/Pvc, Frame, Stick Built
  • Roof: Architectural Shingle
  • View: Pond, Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central, Forced Air, Programmable Thermostat
  • Heating: Yes
  • Hot Water: Instant Hot Water, Tankless
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 525.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Club House, Common Grounds, Community Center, Fitness Center, Game Room, Lake, Jog/Walk Path, Pool - Outdoor, Putting Green, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management, Recreation Facility, Pool(s)
  • HOA Name: LIGHTHOUSE LAKES
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Other Fees: 175.00
  • Other Fees Frequency: One Time

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.22
  • Lot Dimensions: 75.00 x 125.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9583.20
  • Zoning: TN
  • In City Limits: Yes

Building Info

  • Builder Name: Bunting Construction

Rental Info

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

Tax Info

  • Assessor Parcel Number: 10195564
  • School Tax: 1245.00
  • Tax Annual Amount: 1745.00
  • Assessor Parcel Number: 533-18.00-248.00
  • Tax Total Finished Sq Ft: 1164
  • Tax Year: 2022
  • Close Date: 02/24/2023

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2025
Sold by
Pressley John H and Pressley Karen L
Bought by
Pressley Family Revocable Trust and Pressley
Current Estimated Value
$663,055

Purchase Details

Listed on
Sep 30, 2022
Closed on
Feb 21, 2023
Sold by
Johnson David
Bought by
Pressley John H and Pressley Karen L
Seller's Agent
Eddie Rohe
Keller Williams Realty
Buyer's Agent
Andrew Wolf
Compass
List Price
$650,000
Sold Price
$595,000
Premium/Discount to List
-$55,000
-8.46%
Views
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
1.84%
Original Mortgage
$405,000
Interest Rate
6.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 2, 2020
Closed on
Sep 1, 2020
Sold by
Lynch Farm Farmers Llc
Bought by
Johnson David and Johnson Melanie
Seller's Agent
datacorrect BrightMLS
Non Subscribing Office
Buyer's Agent
Cathy S Chabot
Long & Foster Real Estate, Inc.
List Price
$365,000
Sold Price
$445,506
Premium/Discount to List
$80,506
22.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.76%
Original Mortgage
$240,000
Interest Rate
2.9%
Mortgage Type
New Conventional
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
Pressley Family Revocable Trust -- None Listed On Document
Pressley Family Revocable Trust -- None Listed On Document
Pressley John H $595,000 --
Johnson David $445,506 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pressley John H $405,000
Previous Owner Johnson David $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2023 02/24/23 Sold $595,000 -0.8% $248 / Sq Ft
01/10/2023 01/10/23 Pending -- -- --
11/12/2022 11/12/22 Price Changed $599,900 0.0% $250 / Sq Ft
11/10/2022 11/10/22 Price Changed $599,999 -4.0% $250 / Sq Ft
10/27/2022 10/27/22 Price Changed $625,000 -3.8% $260 / Sq Ft
09/30/2022 09/30/22 For Sale $650,000 +78.1% $271 / Sq Ft
10/02/2020 10/02/20 For Sale $365,000 -18.1% --
09/28/2020 09/28/20 Sold $445,506 -- --
05/07/2020 05/07/20 Pending -- -- --
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 $1,459 $3,000 $3,000 $0
2023 $1,457 $3,000 $3,000 $0
2022 $934 $3,000 $3,000 $0
2021 $968 $3,000 $3,000 $0
2020 $125 $3,000 $3,000 $0
2019 $125 $3,000 $3,000 $0
2018 $126 $3,000 $0 $0
2017 $123 $3,000 $0 $0
2016 $109 $3,000 $0 $0
2015 $112 $3,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2029870

Bright MLS

APN: 533-18.00-248.00