NOT LISTED FOR SALE

331 S Spinnaker Ln Milton, DE 19968

Estimated Value: $125,125 - $232,000

3 Beds
1.5 Baths
1,200 Sq Ft
$164/Sq Ft Est. Value

Last Sold October 26, 2015

Last sale price $90,000 $75 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $1,147/month

31 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Porch
  • H.O. Brittingham Elementary School Rated A-
  • Attic
  • Forced Air Heating and Cooling System

About This Home

As of October 2015

Very nice 3 bedroom, 1.5 bath end unit townhome. No HOA and no condo fees. Living room, dining room, kitchen with appliances, stack washer and dryer, laminate kitchen floor, walk-in closet in master, pull down attic steps with partial flooring, rear deck and front porch, rear, side, and front yards, two car driveway parking, and shed. Great starter home or investment property. Prior 6 year (until July) uninterrupted rental history. Located within quick drive or bike ride to town shops and eateries, fishing or theater. Quick access to highway for those getaways to the beach.Investor's Alert: With 20% down, 4% closing cost, at $1100 per month rental NOI= 55% cash-on-cash return. Can you do that with your current investments?Disclosure: Owner/Seller is a licensed DE Real Estate Agent.

Last Agent to Sell the Property

Thomas Schoenbeck

Keller Williams Realty License #5001521 Listed on: 07/16/2015

Keller Williams Realty

Co-Listed By

STEVEN SHAW

Keller Williams Realty

Last Buyer's Agent

NICOLE KELLER

RE/MAX Realty Group Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $809

Year Built

  • Built in 1989

Lot Details

  • 4,184 Sq Ft Lot
  • Cleared Lot
  • Zoning described as GENERAL RESIDENTIAL

Parking

  • Assigned Parking

Home Design

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

Interior Spaces

  • 1,200 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Crawl Space
  • Stacked Washer and Dryer
  • Attic

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • Property has a Home Owners Association
  • Shipbuilders Village Subdivision

Listing and Financial Details

  • Assessor Parcel Number 235-14.00-318.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$809

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architectural Style: Colonial, Contemporary
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1989
  • Remarks Public: Very nice 3 bedroom, 1.5 bath end unit townhome. No HOA and no condo fees. Living room, dining room, kitchen with appliances, stack washer and dryer, laminate kitchen floor, walk-in closet in master, pull down attic steps with partial flooring, rear deck and front porch, rear, side, and front yards, two car driveway parking, and shed. Great starter home or investment property. Prior 6 year (until July) uninterrupted rental history. Located within quick drive or bike ride to town shops and eateries, fishing or theater. Quick access to highway for those getaways to the beach.Investor's Alert: With 20% down, 4% closing cost, at $1100 per month rental NOI= 55% cash-on-cash return. Can you do that with your current investments?Disclosure: Owner/Seller is a licensed DE Real Estate Agent.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked
  • Flooring Type: Carpet, Laminated
  • Interior Amenities: Attic, Ceiling Fan(s)
  • Fireplace: No
  • Foundation Details: Block, Crawl Space
  • Level Count: 2
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1200
  • Living Area Sq Ft: 1200
  • Net Sq Ft: 1200.00
  • Price Per Sq Ft: 82.50
  • Above Grade Finished Sq Ft: 1200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 331

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Construction Completed: Yes
  • Roof: Shingle, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Assigned, Paved Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Lot Features: Cleared
  • Lot Size Acres: 0.10
  • Lot Size Area: 4184
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4184.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Zoning Description: GENERAL RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5170180
  • Tax Annual Amount: 809.00
  • Assessor Parcel Number: 235-14.00-318.00
  • County Tax Payment Frequency: Annually
  • Close Date: 10/26/2015

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2015
Closed on
Oct 26, 2015
Sold by
Schoenbeck Diana
Bought by
Snead Property Management Llc
Seller's Agent
Thomas Schoenbeck
Keller Williams Realty
Buyer's Agent
NICOLE KELLER
RE/MAX Realty Group Rehoboth
List Price
$99,000
Sold Price
$90,000
Premium/Discount to List
-$9,000
-9.09%
Current Estimated Value
$197,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,031
Avg. Annual Appreciation
8.37%
Original Mortgage
$67,500
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2013
Sold by
Ruark Carrie M
Bought by
Schoenbeck Tom and Schoenbeck Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,400
Interest Rate
3.57%

Purchase Details

Listed on
Feb 22, 2013
Closed on
May 2, 2013
Sold by
Ruark Carrie M
Bought by
Schoenbeck Tom and Schoenbeck Diana
Seller's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Thomas Schoenbeck
Keller Williams Realty
List Price
$83,000
Sold Price
$83,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.32%
Original Mortgage
$66,400
Interest Rate
3.57%
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
Snead Property Management Llc $90,000 None Available
Schoenbeck Tom $83,000 --
Schoenbeck Tom $83,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Snead Property Managment Llc $173,250
Open Snead Property Mgmt Llc $430,500
Closed Snead Property Management Llc $67,500
Previous Owner Schoenbeck Tom $66,400
Previous Owner Schoenbeck Tom $66,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2015 10/26/15 Sold $90,000 -9.1% $75 / Sq Ft
08/16/2015 08/16/15 Pending -- -- --
07/16/2015 07/16/15 For Sale $99,000 +19.3% $83 / Sq Ft
05/02/2013 05/02/13 Sold $83,000 0.0% --
03/22/2013 03/22/13 Pending -- -- --
02/22/2013 02/22/13 For Sale $83,000 -- --
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 $675 $13,700 $1,900 $11,800
2023 $675 $13,700 $1,900 $11,800
2022 $651 $13,700 $1,900 $11,800
2021 $8 $13,700 $1,900 $11,800
2020 $643 $13,700 $1,900 $11,800
2019 $644 $13,700 $1,900 $11,800
2018 $602 $13,700 $0 $0
2017 $576 $13,700 $0 $0
2016 $547 $13,700 $0 $0
2015 $523 $13,700 $0 $0
2014 $519 $13,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Thomas Schoenbeck

    Seller's Agent in 2015

    Thomas Schoenbeck

    Keller Williams Realty

    (302) 632-7407

    1 in this area

    45 Total Sales

    Thomas Schoenbeck
    Section Image

  • S

    Seller Co-Listing Agent in 2015

    STEVEN SHAW

    Keller Williams Realty

  • N

    Buyer's Agent in 2015

    NICOLE KELLER

    RE/MAX

  • Lee Ann Wilkinson

    Seller's Agent in 2013

    Lee Ann Wilkinson

    BHHS PenFed (actual)

    (302) 278-6726

    212 in this area

    1,919 Total Sales

    Lee Ann Wilkinson
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001008246

Bright MLS

APN: 235-14.00-318.00

Delaware Sussex County Milton 19968

331 S Spinnaker Ln, Milton, DE

This home is located at 331 S Spinnaker Ln, Milton, DE 19968 since 16 July 2015 and is currently estimated at $197,031, approximately $164 per square foot. This property was built in 1989. 331 S Spinnaker Ln is a home located in Sussex County with nearby schools including H.O. Brittingham Elementary School, Beacon Middle School, and Cape Henlopen High School.

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