NOT LISTED FOR SALE

38316 Bayberry Ln Unit 55 & 1/2 of 56 Selbyville, DE 19975

Estimated Value: $1,448,000 - $2,454,000

0.17 Acre
$12,307,841 Price per Acre
7,500 Sq Ft Lot

Last Sold April 15, 2016

Last sale price $325,000

Est. 544% increase in value since last sale

Current estimated payment $11,602/month

19 Days on Market

Highlights

  • 75 Feet of Waterfront
  • 1 Dock Slip
  • Canal View
  • Phillip C. Showell Elementary School Rated A-

About This Lot

As of April 2016

Beautiful waterfront lot located in waterfront development of Keen-wik On The Bay. This 75x 100 waterfront lot is ready for you to build your dream home. Bulkhead is newer vinyl material with 75 feet on waterfront. Excellent boating, fishing, crabbing, clamming and site seeing plus access by boat to many area restaurants and Ocean City Inlet. Waterfront living at it's best. Located within about 2 miles to Fenwick Island.

Last Agent to Sell the Property

Kim Hook

RE/MAX Coastal License #RB-0031040 Listed on: 12/29/2015

RE/MAX Coastal

Last Buyer's Agent

PAMELA PRIDGEON

Keller Williams Realty License #RS-0009058

Keller Williams Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,370

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 75x100x75x100
  • 75 Feet of Waterfront
  • Cleared Lot
  • Impact Fee Building Permits
  • Zoning described as MEDIUM RESIDENTIAL

HOA Fees

  • $4 Monthly HOA Fees

Additional Features

  • Canal Views
  • Flood Risk
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Assessor Parcel Number 533-20.13-47.00

Community Details

Overview

  • Keen Wik Subdivision

Recreation

  • Water Access
  • Property is near a canal
  • Bulkhead
  • 1 Dock Slip
  • Dock Against Bulkhead

Property Details

Property Type

Land

Est. Annual Taxes

$2,370

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Remarks Public: Beautiful waterfront lot located in waterfront development of Keen-wik On The Bay. This 75x 100 waterfront lot is ready for you to build your dream home. Bulkhead is newer vinyl material with 75 feet on waterfront. Excellent boating, fishing, crabbing, clamming and site seeing plus access by boat to many area restaurants and Ocean City Inlet. Waterfront living at it's best. Located within about 2 miles to Fenwick Island.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 45.20
  • Street Number Modifier: 38316

Exterior Features

  • Construction Completed: No
  • View: Canal
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes
  • Water Frontage In Feet: 75

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 50.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Association Recreation Fee: No

Schools

  • School District: INDIAN RIVER
  • School District Key: 300200396898

Lot Info

  • Lot Features: Bulkheaded, Cleared
  • Lot Size Acres: 0.17
  • Lot Size Area: 7500
  • Lot Dimensions: 75x100x75x100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7500.00
  • Zoning Description: MEDIUM RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5240726
  • Assessor Parcel Number: 533-20.13-47.00
  • County Tax Payment Frequency: Annually
  • Close Date: 04/15/2016

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2022
Sold by
Mersinger Lawrence J
Bought by
Jennings Steven and Jennings Teresa
Current Estimated Value
$2,092,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Outstanding Balance
$815,468
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$666,844

Purchase Details

Listed on
Dec 29, 2015
Closed on
Apr 15, 2016
Sold by
3 Bayberry Rd Llc
Bought by
Mersinger Deborah A and Mersinger Lawrence J
Seller's Agent
Kim Hook
RE/MAX Coastal
Buyer's Agent
PAMELA PRIDGEON
Keller Williams Realty
List Price
$339,000
Sold Price
$325,000
Premium/Discount to List
-$14,000
-4.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.60%
Original Mortgage
$230,000
Interest Rate
6%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 7, 2013
Sold by
Mccabe Lovella B
Bought by
3 Bayberry Rd Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jennings Steven $2,199,929 None Listed On Document
Mersinger Deborah A $325,000 None Available
3 Bayberry Rd Llc $250,000 --
Mccabe Lovella B -- --
Mccabe Lovella B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jennings Steven $850,000
Previous Owner Mersinger Deborah A $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2016 04/15/16 Sold $325,000 -4.1% --
01/17/2016 01/17/16 Pending -- -- --
12/29/2015 12/29/15 For Sale $339,000 -- --
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 $2,370 $5,900 $5,000 $900
2023 $2,368 $5,900 $5,000 $900
2022 $2,354 $5,900 $5,000 $900
2021 $2,284 $5,900 $5,000 $900
2020 $2,186 $5,900 $5,000 $900
2019 $2,177 $5,900 $5,000 $900
2018 $2,174 $56,850 $0 $0
2017 $249 $5,900 $0 $0
2016 $222 $5,900 $0 $0
2015 $228 $5,900 $0 $0
2014 $225 $5,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kim Hook

    Seller's Agent in 2016

    Kim Hook

    RE/MAX

    (302) 462-5504

    85 in this area

    185 Total Sales

    Kim Hook
    Section Image
  • PAMELA PRIDGEON

    Buyer's Agent in 2016

    PAMELA PRIDGEON

    Keller Williams Realty

    (302) 249-1367

    7 Total Sales

    PAMELA PRIDGEON
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001210194

Bright MLS

APN: 533-20.13-47.00

Delaware Sussex County Selbyville 19975

38316 Bayberry Ln Unit 55 & 1/2 of 56, Selbyville, DE

This home is located at 38316 Bayberry Ln Unit 55 & 1/2 of 56, Selbyville, DE 19975 since 29 December 2015 and is currently estimated at $2,092,333. 38316 Bayberry Ln Unit 55 & 1/2 of 56 is a home located in Sussex County with nearby schools including Phillip C. Showell Elementary School, Selbyville Middle School, and Indian River High School.

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