NOT LISTED FOR SALE

38031 Water Walk Way Selbyville, DE 19975

Estimated Value: $369,291 - $970,000

0.23 Acre
$3,384,013 Price per Acre
10,019 Sq Ft Lot

Last Sold August 21, 2020

Last sale price $122,500

Est. 535% increase in value since last sale

Current estimated payment $4,558/month

51 Days on Market

Highlights

  • Home fronts navigable water
  • Water Access
  • View of Trees or Woods
  • Phillip C. Showell Elementary School Rated A-
  • Gated Community
  • Community Pool

About This Lot

As of August 2020

Views, nature, security of a quiet, gated community, water at the edge of your yard to take a morning paddle board ride or launch your kayak just before sunset... does this sound like the spot you have been searching for to build your dream home? Look no further! This lot is also located only 2.5 miles from Ocean City and Fenwick Island beaches. Restaurants, grocery stores and more are also convenient to the community of Fenwick Shoals. Impact fees have been paid. Don't wait, a sought after lot such as this one won't last long.

Last Agent to Sell the Property

Jennifer Smith

Keller Williams Realty License #667574 Listed on: 06/14/2020

Keller Williams Realty

Last Buyer's Agent

Darlene Wise

Cummings & Co. Realtors License #RS-0023488

Cummings & Co. Realtors

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $282

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 87.00 x 123.00
  • Home fronts navigable water
  • Home fronts a canal
  • Property is zoned MR

HOA Fees

  • $167 Monthly HOA Fees

Property Views

  • Woods
  • Canal

Utilities

  • Public Hookup Available For Sewer

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 533-19.00-1344.00

Community Details

Overview

  • Association fees include common area maintenance, management, pool(s), security gate, snow removal
  • Fenwick Shoals HOA, Phone Number (302) 539-7511
  • Fenwick Shoals Subdivision

Recreation

  • Community Pool
  • Jogging Path
  • Water Access
  • Property is near a canal

Additional Features

  • Community Center
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$282

Lot Details

0

HOA Fees

$167 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Current Use: Residential
  • New Construction: No
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Remarks Public: Views, nature, security of a quiet, gated community, water at the edge of your yard to take a morning paddle board ride or launch your kayak just before sunset... does this sound like the spot you have been searching for to build your dream home? Look no further! This lot is also located only 2.5 miles from Ocean City and Fenwick Island beaches. Restaurants, grocery stores and more are also convenient to the community of Fenwick Shoals. Impact fees have been paid. Don't wait, a sought after lot such as this one won't last long.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 13.47
  • Street Number Modifier: 38031

Exterior Features

  • Construction Completed: No
  • View: Canal, Trees/Woods
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Hook/Up Avail
  • Water Source: Private

Condo/Co-op/Association

  • HOA Fees: 2000.00
  • HOA Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Community Center, Gated Community, Jog/Walk Path, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pool(s), Security Gate, Snow Removal
  • HOA Name: FENWICK SHOALS HOA
  • HOA Phone: 302-539-7511
  • HOA: Yes

Schools

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

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.23
  • Lot Dimensions: 87.00 x 123.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10019.00
  • Year Assessed: 2020
  • Zoning: MR
  • Farmland Preservation: No
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5238482
  • School Tax: 249.00
  • Tax Annual Amount: 282.00
  • Assessor Parcel Number: 533-19.00-1344.00
  • Tax Lot: 23
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 08/21/2020

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2020
Closed on
Aug 21, 2020
Sold by
Mccabe Geroge W and Mccabe Heather R
Bought by
A A & D E Day Ret
Seller's Agent
Jennifer Smith
Keller Williams Realty
Buyer's Agent
Darlene Wise
Cummings & Co. Realtors
List Price
$135,000
Sold Price
$122,500
Premium/Discount to List
-$12,500
-9.26%
Current Estimated Value
$778,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$655,823
Avg. Annual Appreciation
45.99%

Purchase Details

Listed on
Nov 23, 2011
Closed on
Nov 29, 2012
Bought by
Mccabe George W and Mccabe Heather R
Seller's Agent
Allison Stine
Northrop Realty
Buyer's Agent
Kathy Ford Tomson
Berkshire Hathaway HomeServices PenFed Realty
List Price
$86,000
Sold Price
$86,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.68%
Original Mortgage
$60,000
Interest Rate
3.44%
Mortgage Type
New Conventional
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
A A & D E Day Ret $122,500 None Available
Mccabe George W $86,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mccabe George W $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2020 08/21/20 Sold $122,500 -9.3% --
08/04/2020 08/04/20 Pending -- -- --
06/14/2020 06/14/20 For Sale $135,000 +57.0% --
11/29/2012 11/29/12 Sold $86,000 0.0% --
09/27/2012 09/27/12 Pending -- -- --
07/27/2012 07/27/12 Sold $86,000 -4.3% --
07/05/2012 07/05/12 Pending -- -- --
01/03/2012 01/03/12 For Sale $89,900 +4.5% --
11/23/2011 11/23/11 For Sale $86,000 -- --
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 $1,813 $7,500 $7,500 $0
2023 $312 $7,500 $7,500 $0
2022 $307 $7,500 $7,500 $0
2021 $298 $7,500 $7,500 $0
2020 $286 $7,500 $7,500 $0
2019 $284 $7,500 $7,500 $0
2018 $287 $7,500 $0 $0
2017 $289 $7,500 $0 $0
2016 $255 $7,500 $0 $0
2015 $263 $7,500 $0 $0
2014 $259 $7,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU162682

Bright MLS

APN: 533-19.00-1344.00