NOT LISTED FOR SALE

37286 Lighthouse Rd Unit 308 Selbyville, DE 19975

Estimated Value: $418,888 - $799,000

3 Beds
2.5 Baths
1,589 Sq Ft
$492/mo HOA Fee

Last Sold September 23, 2020

Last sale price $512,000 $322 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,116/month

Highlights

  • Boat or Launch Ramp
  • Home fronts navigable water
  • Coastal Architecture
  • Phillip C. Showell Elementary School Rated A-
  • Water Access
  • Furnished

About This Home

As of September 2020

Highly sought but rarely available Laguna Bay top floor unit now listed! A full time residence, it was decorated and furnished with no expense spared in custom finishes in kitchen, flooring and window treatments. Over $30,000 of Restoration Hardware quality furniture to convey with acceptable offer. Come view to appreciate stunning views of the bay, wetlands and skyline from the spacious living areas offering plentiful light with its vaulted ceilings, sliders and windows. Imagine the sunsets you'll see from the generous balcony facing the open water. A set of privacy doors leads to the master bedroom suite with its own waterfront vistas, and the extra spacious bath to pamper yourself. Two more spacious bedrooms, and full bath and powder room easily accommodate family and friends. As spacious as the many closets are, there is more private storage outside unit door to store your outdoor gear. Enjoy the community day dock and ramp to launch your kayak, paddle board, or try your luck at fishing/crabbing. It's location near Fenwick/Bethany beaches and amenities are to numerous to name as well as benefit of low Delaware taxes.

Last Agent to Sell the Property

Patricia Baglieri

(443) 235-6504 Patricia.Baglieri@lnf.com Long & Foster Real Estate, Inc. License #650222 Listed on: 07/27/2020

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Melanie Shoff

(443) 373-8399 melsellsthebeaches@gmail.com Coastal Life Realty Group LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $929

Year Built

  • Built in 2013

Lot Details

  • 3,615

HOA Fees

  • $492 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Coastal Architecture
  • Entry on the 3rd floor
  • Shingle Roof
  • Stick Built Home

Interior Spaces

  • 1,589 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Partial Basement
  • Home Security System
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Outdoor Features

  • Water Access
  • Property near a bay
  • Rip-Rap
  • Boat or Launch Ramp

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Public Septic

Additional Features

  • Accessible Elevator Installed
  • Home fronts navigable water
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 533-20.00-39.00-308

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn maintenance, management, pier/dock maintenance, pool(s), reserve funds, trash
  • Low-Rise Condominium
  • Laguna Bay Condo Association Condos
  • Laguna Bay At Fenwick Island Community
  • Laguna Bay Subdivision
  • Property Manager

Recreation

  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$929

Year Built

Built in 2013

Lot Details

0

HOA Fees

$492 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Exclusions: Living Room chandelier and Master Bath chandelier
  • Home Warranty: No
  • Inclusions: Furniture and furnishings
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-07-28
  • Federal Flood Zone: Yes
  • Year Built: 2013
  • Automatically Close On Close Date: No
  • Remarks Public: Highly sought but rarely available Laguna Bay top floor unit now listed! A full time residence, it was decorated and furnished with no expense spared in custom finishes in kitchen, flooring and window treatments. Over $30,000 of Restoration Hardware quality furniture to convey with acceptable offer. Come view to appreciate stunning views of the bay, wetlands and skyline from the spacious living areas offering plentiful light with its vaulted ceilings, sliders and windows. Imagine the sunsets you'll see from the generous balcony facing the open water. A set of privacy doors leads to the master bedroom suite with its own waterfront vistas, and the extra spacious bath to pamper yourself. Two more spacious bedrooms, and full bath and powder room easily accommodate family and friends. As spacious as the many closets are, there is more private storage outside unit door to store your outdoor gear. Enjoy the community day dock and ramp to launch your kayak, paddle board, or try your luck at fishing/crabbing. It's location near Fenwick/Bethany beaches and amenities are to numerous to name as well as benefit of low Delaware taxes.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Fireplace: No
  • Levels Count: 1
  • Basement: Yes
  • Basement Type: Partial
  • Laundry Type: Main Floor
  • Total Sq Ft: 1589
  • Living Area Sq Ft: 1589
  • Price Per Sq Ft: 332.91
  • Above Grade Finished Sq Ft: 1589
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 37286

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built
  • Roof: Shingle
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security System
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 492.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Laguna Bay Condo Association
  • HOA Condo Co-Op Amenities: Elevator, Hot Tub, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Management, Pier/Dock Maintenance, Pool(s), Reserve Funds, Trash
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 22750.00
  • Land Assessed Value: 1950.00
  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2020
  • Zoning: R
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: Yes
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 10189051
  • School Tax: 819.00
  • Tax Annual Amount: 929.00
  • Assessor Parcel Number: 533-20.00-39.00-308
  • Tax Total Finished Sq Ft: 1589
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 09/23/2020

Multi Family

  • Federal Flood Zone: AE
  • Waterfront Features: Rip-Rap, Boat/Launch Ramp

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2020
Closed on
Sep 23, 2020
Sold by
Donna Lee Smith Ret
Bought by
Bayne Mark K and Bayne Lynn E
Seller's Agent
Patricia Baglieri
Long & Foster Real Estate, Inc.
Buyer's Agent
Melanie Shoff
Coastal Life Realty Group LLC
List Price
$550,000
Sold Price
$512,000
Premium/Discount to List
-$38,000
-6.91%
Current Estimated Value
$669,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,222
Avg. Annual Appreciation
5.39%
Original Mortgage
$409,600
Outstanding Balance
$363,493
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$305,729

Purchase Details

Listed on
Apr 22, 2015
Closed on
Oct 16, 2015
Sold by
Christopher At Mallard Cove Ii Llc
Bought by
Smith Donna Lee
Seller's Agent
Donna Kennedy
Baywood Homes LLC
Buyer's Agent
Donna Kennedy
Baywood Homes LLC
List Price
$413,400
Sold Price
$430,000
Premium/Discount to List
$16,600
4.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.60%
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
Bayne Mark K $512,000 None Available
Smith Donna Lee $430,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bayne Mark K $409,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/23/2020 09/23/20 Sold $512,000 -3.2% $322 / Sq Ft
08/15/2020 08/15/20 Pending -- -- --
08/10/2020 08/10/20 Price Changed $529,000 -3.8% $333 / Sq Ft
07/27/2020 07/27/20 For Sale $550,000 +27.9% $346 / Sq Ft
10/18/2015 10/18/15 Sold $430,000 +4.0% $267 / Sq Ft View Prior Sale
09/27/2015 09/27/15 Pending -- -- --
04/22/2015 04/22/15 For Sale $413,400 -- $257 / 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 $1,369 $22,750 $0 $22,750
2024 $1,056 $22,750 $0 $22,750
2023 $1,055 $22,750 $0 $22,750
2022 $1,014 $22,750 $0 $22,750
2021 $984 $22,750 $0 $22,750
2020 $932 $22,750 $0 $22,750
2019 $950 $22,750 $0 $22,750
2018 $959 $24,700 $0 $0
2017 $954 $24,700 $0 $0
2016 $843 $24,700 $0 $0
2015 $868 $24,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU164838

Bright MLS

APN: 533-20.00-39.00-308