NOT LISTED FOR SALE

38550 Reservation Trail Ocean View, DE 19970

Estimated Value: $645,000 - $848,000

4 Beds
3.5 Baths
2,019 Sq Ft
$371/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $610,000 $302 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $4,326/month

278 Days on Market

Highlights

  • Water Views
  • Water Oriented
  • Coastal Architecture
  • Lord Baltimore Elementary School Rated A-
  • Open Floorplan
  • Deck

About This Home

As of December 2020

This Coastal Retreat is the epitome of inspired relaxation. Situated overlooking the sweeping marshland of Beach Cove, this home has 4 bedrooms and 3.5 baths. The views are enjoyed from multiple decks and screened porch and ushered into the main social spaces through walls of windows. The open floor plan encourages an overall ease of living in this home. The first floor features the kitchen: stocked with abundant wood cabinetry, plenty of countertop space, a large pantry closet and a complete appliance package. The kitchen flows into the dining area which could easily accommodate any size dining table. The dining area flows into the living room that features a gas fireplace, ceiling fan and windows on 4 sides, that's right- skylights! The first floor Owners Suite is roomy but cozy and features an en-suite bath with separate shower and soaking tub, walk-in closet and private deck. You'll also find a powder room with Laundry closet on the first floor. The second floor features another suite with en-suite bath and tree top views of Beach Cove marshland from its private deck. Two more spacious bedrooms and a full hall bath complete the second floor. There is an outdoor shower and a storage closet on ground level. Large Crepe Myrtles and beach grasses welcome you at the driveway and perpetuate the summer ease. The oversized yard emphasizes a sense of space. There is no pretense here, the wall colors are fun, the tone is relaxed, so go ahead and pad around barefoot on smooth hardwood floors, sip on morning coffee as the sunrises over the cove or toast the days end relaxing on the screened porch. Tax-free shopping, award winning restaurants, James Farm Ecological Preserve, Golf and Pristine Beaches are all within a few miles. Don't let the opportunity to own a special retreat pass you by.

Last Agent to Sell the Property

Melissa Nalewaik

Keller Williams Realty License #RA-0003262 Listed on: 02/04/2020

Keller Williams Realty

Last Buyer's Agent

BRIAN MCMAHON

Berkshire Hathaway HomeServices PenFed Realty License #RS-0018739

Berkshire Hathaway HomeServices PenFed Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,054

Year Built

  • Built in 2001

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 100.00 x 140.00
  • East Facing Home
  • Landscaped
  • Level Lot
  • Cleared Lot
  • Property is in very good condition
  • Property is zoned MR 1122

Property Views

  • Water
  • Panoramic

Home Design

  • Coastal Architecture
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 2,019 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Window Treatments
  • Family Room
  • Wood Flooring

Kitchen

  • Electric Oven or Range
  • Self-Cleaning Oven
  • Built-In Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 5 Open Parking Spaces
  • Driveway
  • On-Street Parking

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property near a bay
  • Deck
  • Screened Patio
  • Outdoor Storage
  • Porch

Location

  • Flood Risk

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Reservation Subdivision

Listing and Financial Details

  • Tax Lot 36
  • Assessor Parcel Number 134-09.00-603.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,054

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Exclusions: Bikes, computer monitor, contents of main floor closet, keyboard, little giant ladder
  • Inclusions: Furnished as shown with exclusions
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2001
  • Automatically Close On Close Date: No
  • Remarks Public: This Coastal Retreat is the epitome of inspired relaxation. Situated overlooking the sweeping marshland of Beach Cove, this home has 4 bedrooms and 3.5 baths. The views are enjoyed from multiple decks and screened porch and ushered into the main social spaces through walls of windows. The open floor plan encourages an overall ease of living in this home. The first floor features the kitchen: stocked with abundant wood cabinetry, plenty of countertop space, a large pantry closet and a complete appliance package. The kitchen flows into the dining area which could easily accommodate any size dining table. The dining area flows into the living room that features a gas fireplace, ceiling fan and windows on 4 sides, that's right- skylights! The first floor Owners Suite is roomy but cozy and features an en-suite bath with separate shower and soaking tub, walk-in closet and private deck. You'll also find a powder room with Laundry closet on the first floor. The second floor features another suite with en-suite bath and tree top views of Beach Cove marshland from its private deck. Two more spacious bedrooms and a full hall bath complete the second floor. There is an outdoor shower and a storage closet on ground level. Large Crepe Myrtles and beach grasses welcome you at the driveway and perpetuate the summer ease. The oversized yard emphasizes a sense of space. There is no pretense here, the wall colors are fun, the tone is relaxed, so go ahead and pad around barefoot on smooth hardwood floors, sip on morning coffee as the sunrises over the cove or toast the days end relaxing on the screened porch. Tax-free shopping, award winning restaurants, James Farm Ecological Preserve, Golf and Pristine Beaches are all within a few miles. Don't let the opportunity to own a special retreat pass you by.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Microwave, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Interior Amenities: Ceiling Fan(s), Combination Kitchen/Dining, Combination Dining/Living, Primary Bath(s), Window Treatments, Wood Floors, Tub Shower, Stall Shower, Soaking Tub, Pantry, Floor Plan - Open, Entry Level Bedroom
  • Window Features: Skylights
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Pilings
  • Levels Count: 2
  • Room List: Kitchen, Family Room
  • Basement: No
  • Laundry Type: Main Floor, Washer In Unit, Dryer In Unit
  • Total Sq Ft: 2019
  • Living Area Sq Ft: 2019
  • Price Per Sq Ft: 321.94
  • Above Grade Finished Sq Ft: 2019
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38550

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built
  • Exterior Features: Outside Shower, Secure Storage
  • View: Water, Panoramic
  • Water Access: No
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 5
  • Parking Features: Concrete Driveway
  • Type Of Parking: Driveway, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Well
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Improvement Assessed Value: 25150.00
  • Land Assessed Value: 3000.00
  • Land Use Code: RS
  • Lot Features: Cleared, Landscaping, Level
  • Lot Size Acres: 0.32
  • Lot Dimensions: 100.00 x 140.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13939.00
  • Outdoor Living Structures: Deck(s), Screened, Porch(es)
  • Property Condition: Very Good
  • Year Assessed: 2019
  • Zoning: MR 1122
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5127534
  • School Tax: 929.00
  • Tax Annual Amount: 1054.00
  • Assessor Parcel Number: 134-09.00-603.00
  • Tax Lot: 36
  • Tax Total Finished Sq Ft: 1040
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2019
  • Close Date: 12/18/2020

Multi Family

  • Federal Flood Zone: AE

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2020
Closed on
Dec 18, 2020
Sold by
Balfour Andrew D and Balfour Kristina
Bought by
Forwood Wayne R and Ramsey Sheryl A
Seller's Agent
Melissa Nalewaik
Keller Williams Realty
Buyer's Agent
BRIAN MCMAHON
Berkshire Hathaway HomeServices PenFed Realty
List Price
$650,000
Sold Price
$610,000
Premium/Discount to List
-$40,000
-6.15%
Total Days on Market
278
Current Estimated Value
$749,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,204
Avg. Annual Appreciation
4.71%
Original Mortgage
$488,000
Outstanding Balance
$438,450
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$310,754
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 Buyer Sale Price Title Company
Forwood Wayne R $610,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forwood Wayne R $488,000
Previous Owner Balfour Andrew D $390,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $610,000 -6.2% $302 / Sq Ft
11/08/2020 11/08/20 Pending -- -- --
02/04/2020 02/04/20 For Sale $650,000 -- $322 / 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 $1,455 $28,150 $3,000 $25,150
2023 $1,486 $28,150 $3,000 $25,150
2022 $1,467 $28,150 $3,000 $25,150
2021 $1,433 $28,150 $3,000 $25,150
2020 $1,398 $28,150 $3,000 $25,150
2019 $1,393 $28,150 $3,000 $25,150
2018 $1,403 $28,150 $0 $0
2017 $1,073 $28,150 $0 $0
2016 $1,285 $28,150 $0 $0
2015 $1,314 $28,150 $0 $0
2014 $1,299 $28,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU154920

Bright MLS

APN: 134-09.00-603.00