NOT LISTED FOR SALE

38685 Burbage Ln Ocean View, DE 19970

Estimated Value: $457,343 - $714,000

3 Beds
2 Baths
1,000 Sq Ft
$588/Sq Ft Est. Value

Last Sold May 08, 2019

Last sale price $300,000 $300 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $3,239/month

Highlights

  • Home fronts navigable water
  • Water Access
  • Open Floorplan
  • Lord Baltimore Elementary School Rated A-
  • Bay View
  • Deck

About This Home

As of May 2019

Enjoy beautiful sunsets from this adorable beach cottage located in Ocean View...the sunsets are unbelievable!!! This quaint home is just steps from the bay and the views are breathtaking. This charming property boasts old wood floors, white washed wood walls, ceilings and beams. One the first floor this charming home has a queensize bedroom, full bath, large laundry/mudroom, greatroom with cathedral ceilings off the kitchen, a front sun decking a back porch and deck with bayviews! The open staircase leads you to the second floor with an open hallway, 2 additional bedrooms and a jack and jill full bathroom. This lovely cottage is the perfect beach get away located on a large lot with room to build. Outside there is a large shed for additional storage and an outdoor shower for sandy feet. New roof in March 2018. Come see and appreciate this darling home. If you are looking for an affordable beach cottage with privacy, water views and amazing sunsets and no HOA fees, you've found it! Look no further.

Last Agent to Sell the Property

Chrisy Tingle

(302) 377-4159 chrisyrey@aol.com Keller Williams Realty License #RS-0023952 Listed on: 02/15/2019

Keller Williams Realty

Last Buyer's Agent

Walt Cassel

(917) 826-8867 walt@reinrb.com Dave McCarthy & Associates, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $923

Year Built

  • Built in 1968

Lot Details

  • 10,001 Sq Ft Lot
  • Lot Dimensions are 122 x 82
  • Home fronts navigable water
  • Cleared Lot
  • Back, Front, and Side Yard
  • Zoning described as General Residential

Parking

  • Gravel Driveway

Home Design

  • Cottage
  • Wood Walls
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,000 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Beamed Ceilings
  • Wood Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Window Screens
  • Combination Dining and Living Room
  • Bay Views

Kitchen

  • Electric Oven or Range
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Storm Doors
  • Fire and Smoke Detector
  • Flood Lights

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property near a bay
  • Deck
  • Screened Patio
  • Exterior Lighting
  • Shed
  • Outbuilding
  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • Water Treatment System
  • Well
  • Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Pineshore Acres Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-05.00-220.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$923

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Exclusions: Quilts, photographs, sailboat, kayak, big wall clock in dining area, model boats
  • Home Warranty: No
  • Inclusions: Fully Furnished
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1968
  • Building Winterized: Yes
  • Remarks Public: Enjoy beautiful sunsets from this adorable beach cottage located in Ocean View...the sunsets are unbelievable!!! This quaint home is just steps from the bay and the views are breathtaking. This charming property boasts old wood floors, white washed wood walls, ceilings and beams. One the first floor this charming home has a queensize bedroom, full bath, large laundry/mudroom, greatroom with cathedral ceilings off the kitchen, a front sun decking a back porch and deck with bayviews! The open staircase leads you to the second floor with an open hallway, 2 additional bedrooms and a jack and jill full bathroom. This lovely cottage is the perfect beach get away located on a large lot with room to build. Outside there is a large shed for additional storage and an outdoor shower for sandy feet. New roof in March 2018. Come see and appreciate this darling home. If you are looking for an affordable beach cottage with privacy, water views and amazing sunsets and no HOA fees, you've found it! Look no further.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Washer, Stove, Refrigerator, Oven/Range - Electric, Microwave, Water Heater
  • Flooring Type: Wood, Carpet
  • Interior Amenities: Wood Floors, Water Treat System, Combination Dining/Living, Dining Area, Entry Level Bedroom, Exposed Beams, Floor Plan - Open, Window Treatments, Ceiling Fan(s)
  • Window Features: Screens
  • Fireplace: No
  • Door Features: Storm
  • Wall Ceiling Types: Wood Walls, Wood Ceilings, Cathedral Ceilings, Dry Wall, Beamed Ceilings
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Main Floor, Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1000
  • Living Area Sq Ft: 1000
  • Price Per Sq Ft: 300.00
  • Above Grade Finished Sq Ft: 1000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38685

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Frame
  • Exterior Features: Exterior Lighting, Flood Lights, Outbuilding(s), Outside Shower
  • Roof: Shingle
  • Spa: No
  • View: Bay, Water
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Gravel Driveway
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s), Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Well

Condo/Co-op/Association

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

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Features: Cleared, Front Yard, Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.23
  • Lot Dimensions: 122 x 82
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10001.00
  • Outdoor Living Structures: Deck(s), Porch(es), Screened
  • Zoning: L
  • Zoning Description: General Residential
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Total Actual Rent: 12000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5122945
  • School Tax: 814.00
  • Tax Annual Amount: 923.00
  • Assessor Parcel Number: 134-05.00-220.00
  • Tax Total Finished Sq Ft: 756
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 05/08/2019

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2019
Closed on
Apr 3, 2019
Sold by
Shaffer Joseph B and Shaffer Sally J
Bought by
Lee Jack R and Lee Ruby G
Seller's Agent
Chrisy Tingle
Keller Williams Realty
Buyer's Agent
Walt Cassel
Dave McCarthy & Associates, Inc.
List Price
$315,000
Sold Price
$300,000
Premium/Discount to List
-$15,000
-4.76%
Current Estimated Value
$588,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$288,086
Avg. Annual Appreciation
11.05%
Original Mortgage
$240,000
Outstanding Balance
$210,140
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$377,946

Purchase Details

Closed on
Jul 19, 2000
Bought by
Shaffer Joseph B and Shaffer Sally J
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
Lee Jack R $300,000 --
Shaffer Joseph B $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Jack R $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2019 05/08/19 Sold $300,000 0.0% $300 / Sq Ft
04/03/2019 04/03/19 Pending -- -- --
02/19/2019 02/19/19 Price Changed $299,999 -4.8% $300 / Sq Ft
02/15/2019 02/15/19 For Sale $315,000 -- $315 / 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
2025 $1,302 $24,400 $11,450 $12,950
2024 $1,276 $24,400 $11,450 $12,950
2023 $1,307 $24,400 $11,450 $12,950
2022 $1,291 $24,400 $11,450 $12,950
2021 $1,261 $24,400 $11,450 $12,950
2020 $1,257 $24,400 $11,450 $12,950
2019 $1,253 $24,400 $11,450 $12,950
2018 $1,262 $24,400 $0 $0
2017 $930 $24,400 $0 $0
2016 $1,159 $24,400 $0 $0
2015 $1,259 $24,400 $0 $0
2014 $1,246 $24,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU132152

Bright MLS

APN: 134-05.00-220.00