$1,055,000
SOLD OCT 4, 2024

37304 Lighthouse Rd Unit 12 Selbyville, DE 19975

4 Beds
4 Baths
2,450 Sq Ft
$847/mo HOA Fee

Recently Sold

$431 Per Sq Ft

3% Below List Price

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

Coldwell Banker Realty Listed on: 07/02/2024

Coldwell Banker Realty

Last Buyer's Agent

Andrea Geppi

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
  • 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
  • Remarks Public: 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!
  • 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
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Room Count: 11
  • 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
  • Street Number Modifier: 37304

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: INDIAN RIVER
  • High School: SUSSEX CENTRAL
  • School District Key: 300200396898
  • School District Source: Listing Agent
  • High School: SUSSEX CENTRAL

Lot Info

  • Land Use Code: 999
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Year Assessed: 2023
  • 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
  • Tax Total Finished Sq Ft: 1008
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 10/04/2024

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%
Total Days on Market
61
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
-0.42%
Original Mortgage
$791,250
Outstanding Balance
$786,643
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$265,357

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

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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 Type Sale Price Title Company
Deed $1,055,000 None Listed On Document
Deed $690,000 None Listed On Document
Deed -- Parsons & Robinson Pa
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $791,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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

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Map

Source: Bright MLS

MLS Number: DESU2065428

Bright MLS

APN: 533-20.00-36.01-12