NOT LISTED FOR SALE

37304 Lighthouse Rd Unit 12 Selbyville, DE 19975

Estimated Value: $932,000 - $1,165,000

4 Beds
4 Baths
2,450 Sq Ft
$429/Sq Ft Est. Value

Last Sold October 04, 2024

Last sale price $1,055,000 $431 Per Sq Ft

Current estimated payment $6,509/month

61 Days on Market

Highlights

  • 20 Feet of Waterfront
  • 1 Dock Slip
  • Access to Tidal Water
  • Phillip C. Showell Elementary School Rated A-
  • Pier or Dock
  • Cabana

About This Home

As of October 2024

Welcome to Mallard Cove, a private community of sixteen luxury residences surrounded by both northern and southern views of the Assawoman Bay. Unit twelve is a gorgeous corner unit boasting many windows, all with water views.

Take a private elevator from the covered carport. Upon exiting the elevator is a formal entrance foyer with custom millwork, cathedral ceilings with skylights maximizing the coastal feel of this home. Beyond the foyer is an expansive kitchen, which includes a breakfast bar as well as a sizable center island. Details in the kitchen include quartz counters, under cabinet lighting, a marble herringbone backsplash, as well as high end appliances, including a Bosch dishwasher. Open to the kitchen is a beautiful main living area, which includes custom paneled walls, solid white oak herringbone floors, a built-in buffet and recessed lighting throughout. An entire wall of glass doors provides the most beautiful views the Eastern Shore has to offer! A unique feature of this elevated water view are the wetlands, which brings a variety of wildlife to your doorstep, grab binoculars and view blue herons, sea turtles, ospreys and bald eagles. Dine alfresco on the full-length hand painted terrace bringing you within a few feet of direct bayfront views.

Completing the main living area is a large bedroom, office, pantry and full bath. Ascend the stairway to find three king sized en-suite bedrooms, two of which have access to a fourth floor private terrace, perfect for afternoon sunbathing and napping. Each bedroom is flooded with natural light, high vaulted ceilings and walk-in closets. Completing the upper level is a conveniently placed laundry room.

The layout and proportions of this home lend itself to entertaining large gatherings of friends and family. Think of this home as a year round retreat, as the seasons change the landscape changes as well and the sunsets, which are nothing short of extraordinary. One will have the feeling of a single family home, but with the conveniences of condo living. Unit twelve, includes a covered carport as well as a two-car garage to store all of your beach gear! On the ground level is another patio to maximize yet more views of Assawoman Bay.

With a pool, fishing pier, kayak launch on property and restaurants within walking distance you never need to get in a car. If one decides it’s a beach day, a brief two mile bike ride brings you to the Fenwick Island Beaches. Along with the space, views and convenience of Mallard Cove, there is also a very strong association maintaining the property. Mallard Cove is a special place, with an unbeatable location with views worthy of a magazine cover. Come experience the beauty of living on the water!

Last Agent to Sell the Property

Bryan Baylis

(610) 909-8826 bryan.baylis@cbrealty.com Coldwell Banker Realty Listed on: 07/02/2024

Coldwell Banker Realty

Last Buyer's Agent

Andrea Geppi

(443) 235-4992 andrea.geppidolan@cbrealty.com Coldwell Banker Realty License #RS0036984

Coldwell Banker Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,956

Year Built

  • Built in 2006

Lot Details

  • 20 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • The community has rules related to exclusive easements

HOA Fees

  • $847 Monthly HOA Fees

Parking

  • 12 Car Attached Garage
  • 2 Attached Carport Spaces
  • Front Facing Garage

Home Design

  • Coastal Architecture
  • Entry on the 1st floor
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2,450 Sq Ft Home
  • Property has 2 Levels
  • Bay Views
  • Laundry on upper level

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 4 Full Bathrooms

Home Security

Outdoor Features

  • Cabana
  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Private Water Access
  • Property near a bay
  • Swimming Allowed
  • Physical Dock Slip Conveys
  • 1 Dock Slip
  • Lake Privileges
  • Deck
  • Patio

Location

  • Flood Risk

Schools

  • Sussex Central High School

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 533-20.00-36.01-12

Community Details

Overview

  • Association fees include common area maintenance, insurance, management, lawn maintenance, reserve funds, pool(s), pier/dock maintenance, snow removal, trash, exterior building maintenance
  • 1 Elevator
  • Mallard Cove Condo Association, Inc Condos
  • Mallard Cove On The Bay Subdivision
  • Property Manager

Recreation

  • Pier or Dock
  • 1 Community Docks
  • Community Pool
  • Fishing Allowed

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Additional Features

  • Common Area
  • Storm Doors

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,956

Year Built

Built in 2006

Lot Details

0

HOA Fees

$847 per month

Parking

12

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 2006
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Entry Floor: 1
  • Flooring Type: Carpet, Hardwood, Tile/Brick
  • Fireplace: No
  • Door Features: Storm
  • Elevators Count: 1
  • Foundation Details: Slab
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Upper Floor
  • Total Sq Ft: 2450
  • Living Area Sq Ft: 2450
  • Price Per Sq Ft: 442.86
  • Above Grade Finished Sq Ft: 2450
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 4.00
  • Main Level Full Bathrooms: 4

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Cabana/Pool House
  • Construction Materials: Vinyl Siding
  • View: Bay
  • Water Access Features: Canoe/Kayak, Fishing Allowed, Private Access, Swimming Allowed
  • Water Access: Yes
  • Water Body Name: Assawoman Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 20

Garage/Parking

  • Garage Spaces: 12.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Attached Carport Spaces: 2
  • Attached Garage Spaces: 12
  • Total Garage And Parking Spaces: 14
  • Type Of Parking: Attached Garage, Attached Carport

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2541.50
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Mallard Cove Condo Association, INC
  • HOA Condo Co-Op Amenities: Common Grounds, Pier/Dock, Pool - Outdoor, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Management, Lawn Maintenance, Reserve Funds, Pool(s), Pier/Dock Maintenance, Snow Removal, Trash, Ext Bldg Maint
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent
  • High School: SUSSEX CENTRAL

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Zoning: C-1
  • In City Limits: No

Rental Info

  • Pets: Dogs Ok, Cats Ok, Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 1745.00
  • Tax Annual Amount: 1956.00
  • Assessor Parcel Number: 533-20.00-36.01-12
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023

Multi Family

  • Waterfront Features: Exclusive Easement

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2024
Closed on
Oct 4, 2024
Sold by
D & L Llc
Bought by
Sacco Valentino
Seller's Agent
Bryan Baylis
Coldwell Banker Realty
Buyer's Agent
Andrea Geppi
Coldwell Banker Realty
List Price
$1,085,000
Sold Price
$1,055,000
Premium/Discount to List
-$30,000
-2.76%
Views
60
Current Estimated Value
$1,052,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,000
Avg. Annual Appreciation
-0.27%
Original Mortgage
$791,250
Outstanding Balance
$782,693
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$269,307

Purchase Details

Listed on
Jan 25, 2024
Closed on
Feb 22, 2024
Sold by
Deborah A Hambruch Living Trust
Bought by
D & L Llc
Seller's Agent
Joshua G.
Douglas Realty, LLC.
Buyer's Agent
Bryan Baylis
Coldwell Banker Realty
List Price
$800,000
Sold Price
$690,000
Premium/Discount to List
-$110,000
-13.75%
Views
296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
98.35%

Purchase Details

Closed on
Feb 25, 2022
Sold by
Hambruch Deborah A
Bought by
Hambruch Deborah A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Sacco Valentino $1,055,000 None Listed On Document
D & L Llc $690,000 None Listed On Document
Hambruch Deborah A -- Parsons & Robinson Pa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sacco Valentino $791,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/04/2024 10/04/24 Sold $1,055,000 -2.8% $431 / Sq Ft
07/02/2024 07/02/24 For Sale $1,085,000 +57.2% $443 / Sq Ft
02/21/2024 02/21/24 Sold $690,000 -11.0% $282 / Sq Ft View Prior Sale
02/16/2024 02/16/24 Pending -- -- --
02/12/2024 02/12/24 Price Changed $775,000 -3.1% $316 / Sq Ft
01/25/2024 01/25/24 For Sale $800,000 -- $327 / 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 $1,742 $46,900 $0 $46,900
2024 $1,968 $46,900 $0 $46,900
2023 $1,978 $46,900 $0 $46,900
2022 $1,947 $46,900 $0 $46,900
2021 $1,877 $46,900 $0 $46,900
2020 $1,794 $46,900 $0 $46,900
2019 $1,810 $46,900 $0 $46,900
2018 $1,803 $47,350 $0 $0
2017 $1,818 $47,350 $0 $0
2016 $1,604 $47,350 $0 $0
2015 $1,652 $47,350 $0 $0
2014 $1,628 $47,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2065428

Bright MLS

APN: 533-20.00-36.01-12