NOT LISTED FOR SALE

37114 Fairway Dr Unit 7 Frankford, DE 19945

Estimated Value: $443,000 - $617,000

4 Beds
3.5 Baths
2,400 Sq Ft
$215/Sq Ft Est. Value

Last Sold February 07, 2022

Last sale price $485,000 $202 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,262/month

1 Day on Market

Highlights

  • Fitness Center
  • Gourmet Kitchen
  • Clubhouse
  • Lord Baltimore Elementary School Rated A-
  • Open Floorplan
  • Wooded Lot

About This Home

As of February 2022

Welcome to Forest Landing, developed by award winning developer Natteli! This beautifully landscaped and amenity rich community is conveniently located just minutes away from dining, shopping and entertainment in Bethany Beach. The community amenities include resort style pool, club house, fitness center, tennis, pickle ball, play ground and firepit. This 4 bedroom 3.5 bath home includes first floor primary bedroom, primary bath with large shower, and walk-in closet. The second floor includes loft, 3 spacious bedrooms including a rare huge second primary suite with private full bath. This home has a private patio that backs to woods and has an outdoor shower to get the sand off when you get home from the beach. This home has been a vacation rental for several years generating over $18K in rent last summer. Offered fully furnished, just bring your tooth brush! Don't miss this opportunity to live in one of the most sought after communities in the area!

Last Agent to Sell the Property

Suzie Parker

Compass Listed on: 12/27/2021

Compass

Last Buyer's Agent

Tracy Kelley

Jack Lingo - Rehoboth License #RA-0031023

Jack Lingo - Rehoboth

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,080

Year Built

  • Built in 2011

Lot Details

  • Wooded Lot
  • Property is in good condition

HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 2 Driveway Spaces
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Semi-Detached or Twin Home
  • Traditional Architecture
  • Slab Foundation
  • Advanced Framing
  • Blown-In Insulation
  • Batts Insulation
  • Architectural Shingle Roof
  • Vinyl Siding
  • CPVC or PVC Pipes

Interior Spaces

  • 2,400 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Window Screens
  • ENERGY STAR Qualified Doors
  • Family Room Off Kitchen
  • Dining Area

Kitchen

  • Gourmet Kitchen
  • Electric Oven or Range
  • Built-In Range
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Windows with Low Emissivity

Utilities

  • Central Air
  • Heat Pump System
  • 200+ Amp Service
  • 60 Gallon+ Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-16.00-40.00-7

Community Details

Overview

  • $542 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn care front, lawn care rear, lawn care side, lawn maintenance, management, pool(s), recreation facility, reserve funds, road maintenance, snow removal, trash
  • Forest Landing HOA
  • Forest Landing Condo Association Condos
  • Built by Ryan Homes
  • Forest Landing Subdivision, Ashford Floorplan
  • Property Manager

Amenities

  • Common Area
  • Clubhouse
  • Game Room
  • Meeting Room

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Lap or Exercise Community Pool

Pet Policy

  • Limit on the number of pets

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,080

Year Built

Built in 2011

Lot Details

0

HOA Fees

$359 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2021-12-27
  • Federal Flood Zone: No
  • Year Built: 2011
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer - Electric, Energy Efficient Appliances, Icemaker, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Ceramic Tile, Carpet, Hardwood
  • Interior Amenities: Carpet, Ceiling Fan(s), Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Gourmet, Pantry, Primary Bath(s), Stall Shower, Tub Shower, Upgraded Countertops, Walk-In Closet(s), Window Treatments, Wood Floors
  • Window Features: Energy Efficient, Low-E, Screens
  • Fireplace: No
  • Door Features: Energy Star Qualified Door(s)
  • Wall Ceiling Types: 2 Story Ceilings, 9'+ Ceilings, Cathedral Ceilings, Dry Wall
  • Foundation Details: Slab
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 2400
  • Living Area Sq Ft: 2400
  • Price Per Sq Ft: 202.08
  • Above Grade Finished Sq Ft: 2400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 37114

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Advanced Framing, Batts Insulation, Blown-In Insulation, Concrete, Cpvc/Pvc, Vinyl Siding
  • Road Surface Type: Black Top
  • Roof: Architectural Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Garage - Front Entry, Garage Door Opener, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 10
  • Type Of Parking: Attached Garage, Driveway, Off Street
  • Number of Spaces in Driveway: 2
  • Off Street Parking Spaces: 6

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: No
  • Internet Services: Cable

Condo/Co-op/Association

  • HOA Fees: 271.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 88.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Forest Landing Condo Association
  • HOA Condo Co-Op Amenities: Club House, Common Grounds, Exercise Room, Game Room, Meeting Room, Pool - Outdoor, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management, Pool(s), Recreation Facility, Reserve Funds, Road Maintenance, Snow Removal, Trash
  • HOA Name: FOREST LANDING HOA
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Concrete, Fenced, In Ground, Lap/Exercise

Fee Information

  • Capital Contribution Fee: 542.00

Schools

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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Land Use Code: RC
  • Lot Features: Trees/Wooded
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Good
  • Year Assessed: 2021
  • Zoning: GR
  • In City Limits: No

Building Info

  • Builder Name: Ryan Homes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • School Tax: 958.00
  • Tax Annual Amount: 1080.00
  • Assessor Parcel Number: 134-16.00-40.00-7
  • Tax Total Finished Sq Ft: 932
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 02/07/2022

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2021
Closed on
Feb 7, 2022
Sold by
Richard Salen J
Bought by
Lee Hyong Muk
Seller's Agent
Suzie Parker
Compass
Buyer's Agent
Tracy Kelley
Jack Lingo - Rehoboth
List Price
$485,000
Sold Price
$485,000
Current Estimated Value
$515,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,298
Avg. Annual Appreciation
1.70%
Original Mortgage
$388,000
Outstanding Balance
$363,732
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$151,038

Purchase Details

Closed on
Nov 17, 2011
Bought by
Nvr Inc Ta Ryan Homes
Source: Public Records

Range of Values:

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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
Lee Hyong Muk $485,000 Ward & Taylor Llc
Nvr Inc Ta Ryan Homes $266,765 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Hyong Muk $388,000
Previous Owner Salen J Richard J $203,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2022 02/07/22 Sold $485,000 0.0% $202 / Sq Ft
12/29/2021 12/29/21 Pending -- -- --
12/27/2021 12/27/21 For Sale $485,000 -- $202 / 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
2024 $1,148 $26,150 $0 $26,150
2023 $1,148 $26,150 $0 $26,150
2022 $1,130 $26,150 $0 $26,150
2021 $1,098 $26,150 $0 $26,150
2020 $1,053 $26,150 $0 $26,150
2019 $1,049 $26,150 $0 $26,150
2018 $1,036 $26,800 $0 $0
2017 $1,055 $26,800 $0 $0
2016 $920 $26,400 $0 $0
2015 $947 $26,400 $0 $0
2014 $933 $26,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Suzie Parker

    Seller's Agent in 2022

    Suzie Parker

    Compass

    (443) 803-6590

    69 in this area

    185 Total Sales

    Suzie Parker
    Section Image
  • Tracy Kelley

    Buyer's Agent in 2022

    Tracy Kelley

    Jack Lingo - Rehoboth

    (302) 227-3883

    1 in this area

    41 Total Sales

    Tracy Kelley
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2011542

Bright MLS

APN: 134-16.00-0040.00- 7

Delaware Sussex County Frankford 19945

37114 Fairway Dr Unit 7, Frankford, DE

This home is located at 37114 Fairway Dr Unit 7, Frankford, DE 19945 since 27 December 2021 and is currently estimated at $515,298, approximately $214 per square foot. This property was built in 2011. 37114 Fairway Dr Unit 7 is a home located in Sussex County with nearby schools including Lord Baltimore Elementary School, Selbyville Middle School, and Indian River High School.

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