NOT LISTED FOR SALE

38321 Bayberry Ln Selbyville, DE 19975

Estimated Value: $846,000 - $1,319,000

4 Beds
2 Baths
2,000 Sq Ft
$568/Sq Ft Est. Value

Last Sold October 16, 2020

Last sale price $775,000 $388 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $6,248/month

103 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Primary bedroom faces the bay
  • Access to Tidal Water
  • Phillip C. Showell Elementary School Rated A-
  • 1 Dock Slip
  • Fishing Allowed

About This Home

As of October 2020

Bayfront living at its best! Stunning 4 bedroom 2 bath home with a private boat dock. Features include an abundance of windows to enjoy the expansive waterfront views, pine and bamboo flooring, updated kitchen with recess lighting, granite counter tops, and vast room for entertaining. Home is ready for all of your summer fun at the beach or on the bay. Three of the bedrooms are on the first floor, including the master bedroom and bath where you can wake up to gorgeous sunrises overlooking the bay. The open floor plan concept has uninterrupted flow into the adjoining kitchen, dining area and living room with a gas fireplace. The spiral staircase will take you to the 2nd floor where you will find the 4th bedroom or large office space. This home is located in the much sought-after neighborhood of Keen-wik on the Bay and has quick access to the Assawoman Bay. The low maintenance of this home allows you and your guests more time to relax and enjoy the waterfront lifestyle. Close to golf, shops, restaurants, and only about 3 miles to beaches! Sold partly furnished and ready for you!

Last Agent to Sell the Property

Kim Hook

RE/MAX Coastal License #RB-0031040 Listed on: 05/22/2020

RE/MAX Coastal

Co-Listed By

CLOVER SIMPLER

RE/MAX Coastal License #RS-0024180

Last Buyer's Agent

Bill Cullin

Long & Foster Real Estate, Inc. License #RS0018675

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $673

Year Built

  • Built in 1974 | Remodeled in 1998

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100
  • 50 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Picket Fence
  • Vinyl Fence
  • Landscaped
  • Open Lot
  • Cleared Lot
  • Property is zoned MR

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • 2 Driveway Spaces
  • Front Facing Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Coastal Architecture
  • Block Foundation
  • Metal Roof

Interior Spaces

  • 2,000 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Partially Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Gas Fireplace
  • Window Treatments
  • Window Screens
  • Sliding Doors
  • Entrance Foyer
  • Great Room
  • Dining Area
  • Bay Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Flooring

  • Bamboo
  • Wood

Bedrooms and Bathrooms

  • Primary bedroom faces the bay
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Property near a bay
  • Personal Watercraft
  • Swimming Allowed
  • 1 Dock Slip
  • Physical Dock Slip Conveys
  • Powered Boats Permitted
  • Deck

Location

  • Flood Risk

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Propane
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 533-20.13-67.00

Community Details

Overview

  • Keen Wik Subdivision

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$673

Year Built

Built in 1974 | Remodeled in 1998

Lot Details

0

HOA Fees

$4 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1974
  • Year Renovated: 1998
  • Automatically Close On Close Date: No
  • Remarks Public: Bayfront living at its best! Stunning 4 bedroom 2 bath home with a private boat dock. Features include an abundance of windows to enjoy the expansive waterfront views, pine and bamboo flooring, updated kitchen with recess lighting, granite counter tops, and vast room for entertaining. Home is ready for all of your summer fun at the beach or on the bay. Three of the bedrooms are on the first floor, including the master bedroom and bath where you can wake up to gorgeous sunrises overlooking the bay. The open floor plan concept has uninterrupted flow into the adjoining kitchen, dining area and living room with a gas fireplace. The spiral staircase will take you to the 2nd floor where you will find the 4th bedroom or large office space. This home is located in the much sought-after neighborhood of Keen-wik on the Bay and has quick access to the Assawoman Bay. The low maintenance of this home allows you and your guests more time to relax and enjoy the waterfront lifestyle. Close to golf, shops, restaurants, and only about 3 miles to beaches! Sold partly furnished and ready for you!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Flooring Type: Bamboo, Wood
  • Interior Amenities: Breakfast Area, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchen - Eat-In, Primary Bath(s), Primary Bedroom - Bay Front, Recessed Lighting, Skylight(s), Tub Shower, Upgraded Countertops, Window Treatments, Wood Floors
  • Window Features: Skylights, Screens
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm, Sliding Glass
  • Wall Ceiling Types: 9'+ Ceilings, Vaulted Ceilings
  • Foundation Details: Block
  • Levels Count: 2
  • Room List: Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Foyer, Great Room, Bathroom 2, Primary Bathroom
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 2000
  • Living Area Sq Ft: 2000
  • Price Per Sq Ft: 405.00
  • Above Grade Finished Sq Ft: 2000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38321

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block
  • Road Surface Type: Paved
  • Roof: Metal
  • View: Bay, Water
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Swimming Allowed
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 50

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage, Driveway, Off Street
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C, Zoned
  • Monthly Average Electric: 200
  • Previous Twelve Months Electric Expense: 2400.00
  • Gas Avg Month: 6.58
  • Gas Prev12 Months: 79.00
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector, Carbon Monoxide Detector(s)
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Propane
  • Monthly Water Average: 42
  • Water Previous Twelve Months: 504.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Additional Parcels: No
  • Fencing: Picket, Vinyl
  • Land Use Code: RS
  • Lot Features: Cleared, Landscaping, Open
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2020
  • Zoning: MR
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Partially
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5240756
  • Tax Annual Amount: 672.84
  • Assessor Parcel Number: 533-20.13-67.00
  • Tax Lot: 24
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 10/16/2020

Multi Family

  • Waterfront Features: Private Dock Site

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2020
Closed on
Oct 14, 2020
Sold by
Gillam Kenneth E and Gillam Joan H
Bought by
Tilkin Michael S and Grace-Perozek Maria
Seller's Agent
Kim Hook
RE/MAX Coastal
Buyer's Agent
Bill Cullin
Long & Foster Real Estate, Inc.
List Price
$810,000
Sold Price
$775,000
Premium/Discount to List
-$35,000
-4.32%
Current Estimated Value
$1,135,284

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$360,284
Avg. Annual Appreciation
6.71%
Original Mortgage
$510,400
Outstanding Balance
$458,309
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$603,792

Purchase Details

Closed on
Sep 18, 1997
Bought by
Gillam Kenneth E and Gillam Joan H
Source: Public Records

Range of Values:

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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
Tilkin Michael S $775,000 None Available
Gillam Kenneth E $148,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tilkin Michael S $510,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2020 10/16/20 Sold $775,000 -4.3% $388 / Sq Ft
09/02/2020 09/02/20 Pending -- -- --
05/22/2020 05/22/20 For Sale $810,000 -- $405 / 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 $712 $16,900 $4,000 $12,900
2023 $711 $16,900 $4,000 $12,900
2022 $700 $16,900 $4,000 $12,900
2021 $679 $16,900 $4,000 $12,900
2020 $418 $16,900 $4,000 $12,900
2019 $416 $16,900 $4,000 $12,900
2018 $408 $16,900 $0 $0
2017 $411 $16,900 $0 $0
2016 $378 $16,900 $0 $0
2015 $386 $16,900 $0 $0
2014 $616 $16,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU161348

Bright MLS

APN: 533-20.13-67.00