NOT LISTED FOR SALE

38748 N Star Cir Selbyville, DE 19975

Estimated Value: $516,000 - $581,000

3 Beds
2 Baths
1,508 Sq Ft
$364/Sq Ft Est. Value

Last Sold November 30, 2022

Last sale price $475,000 $315 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,009/month

234 Days on Market

Highlights

  • 335 Feet of Waterfront
  • 1 Dock Slip
  • Fishing Allowed
  • Phillip C. Showell Elementary School Rated A-
  • Access to Tidal Water
  • Canal View

About This Home

As of November 2022

This waterfront coastal retreat is perfectly situated on the corner of 2 canals just minutes away from the beach with boating access from your private dock. Spend the day on the water with access to the Assawoman Bay and only a 20 minute boat ride to the Ocean City inlet. Located in a community with a low HOA fee offering a boat ramp, club house, pool and tennis courts and just a short bike ride to the Freeman Stage for evening entertainment all summer long! Property being sold as a Short Sale. Third Party processor required (see attached disclosures). All offers and real estate agent commissions are subject to 3rd party mortgage company approval and subject to the Seller(s) acceptance of those approval
terms. Property is being sold as-is with no warranties expressed or implied. Home inspections are for informational purposes only. Buyer may be responsible for any of their own lender required repairs.

Last Agent to Sell the Property

Leslie Kopp

Long & Foster Real Estate, Inc. License #RA-0003421 Listed on: 02/08/2022

Long & Foster Real Estate, Inc.

Co-Listed By

Kiki Hargrove

Long & Foster Real Estate, Inc. License #RS-0020565

Last Buyer's Agent

Mary Rice

Engel & Völkers Ocean City License #668004

Engel & Völkers Ocean City

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $710

Year Built

  • Built in 1999

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 79.00 x 210.00
  • 335 Feet of Waterfront
  • Home fronts navigable water
  • Home fronts a canal
  • Cul-De-Sac
  • Corner Lot
  • Property is zoned AR-1

HOA Fees

  • $23 Monthly HOA Fees

Home Design

  • Rambler Architecture
  • Block Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,508 Sq Ft Home
  • Property has 1 Level
  • Canal Views
  • Electric Oven or Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces

Outdoor Features

  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Private Water Access
  • Property is near a canal
  • Personal Watercraft
  • 1 Dock Slip
  • Physical Dock Slip Conveys
  • Dock Against Bulkhead
  • Powered Boats Permitted
  • Deck
  • Screened Patio
  • Wrap Around Porch

Utilities

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

Additional Features

  • No Interior Steps
  • Flood Risk

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 533-19.00-168.00

Community Details

Overview

  • Bayview Estates Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool
  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$710

Year Built

Built in 1999

Lot Details

0

HOA Fees

$23 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: No Stairs
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-02-09
  • Federal Flood Zone: Yes
  • Year Built: 1999
  • Automatically Close On Close Date: No
  • Remarks Public: This waterfront coastal retreat is perfectly situated on the corner of 2 canals just minutes away from the beach with boating access from your private dock. Spend the day on the water with access to the Assawoman Bay and only a 20 minute boat ride to the Ocean City inlet. Located in a community with a low HOA fee offering a boat ramp, club house, pool and tennis courts and just a short bike ride to the Freeman Stage for evening entertainment all summer long! Property being sold as a Short Sale. Third Party processor required (see attached disclosures). All offers and real estate agent commissions are subject to 3rd party mortgage company approval and subject to the Seller(s) acceptance of those approval terms. Property is being sold as-is with no warranties expressed or implied. Home inspections are for informational purposes only. Buyer may be responsible for any of their own lender required repairs.
  • Special Features: 4108
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven/Range - Electric
  • Flooring Type: Vinyl, Carpet
  • Fireplace: No
  • Foundation Details: Block
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1508
  • Living Area Sq Ft: 1508
  • Price Per Sq Ft: 328.25
  • Above Grade Finished Sq Ft: 1508
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38748

Beds/Baths

  • Bedrooms: 3
  • 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: Frame, Stick Built, Vinyl Siding
  • Road Surface Type: Paved
  • Roof: Architectural Shingle
  • View: Canal, Water
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Private Access
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 335

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fees: 275.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Tennis Courts, Club House
  • HOA: Yes
  • Senior Community: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 14500.00
  • Land Assessed Value: 3500.00
  • Land Use Code: RS
  • Lot Features: Corner, Cul-De-Sac
  • Lot Size Acres: 0.38
  • Lot Dimensions: 79.00 x 210.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16553.00
  • Outdoor Living Structures: Deck(s), Wrap Around, Porch(es), Screened
  • Year Assessed: 2021
  • Zoning: AR-1
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5238539
  • School Tax: 629.00
  • Tax Annual Amount: 710.00
  • Assessor Parcel Number: 533-19.00-168.00
  • Tax Lot: 5
  • Tax Total Finished Sq Ft: 1508
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 11/30/2022

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
Feb 8, 2022
Closed on
Nov 23, 2022
Sold by
Krasnodemski Frank S
Bought by
Patton Robert R and Patton Susan L
Seller's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
Buyer's Agent
Mary Rice
Engel & Völkers Ocean City
List Price
$599,000
Sold Price
$475,000
Premium/Discount to List
-$124,000
-20.7%
Views
65
Current Estimated Value
$548,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,887
Avg. Annual Appreciation
4.89%
Original Mortgage
$356,250
Outstanding Balance
$347,313
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$195,605

Purchase Details

Closed on
Aug 17, 1998
Bought by
Krasnodemski Frank Stephen and Krasnodemski Dia
Source: Public Records

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
Patton Robert R $475,000 --
Krasnodemski Frank Stephen $27,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patton Robert R $356,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2022 11/30/22 Sold $475,000 -4.0% $315 / Sq Ft
09/30/2022 09/30/22 Pending -- -- --
09/26/2022 09/26/22 Price Changed $495,000 -9.4% $328 / Sq Ft
05/03/2022 05/03/22 Price Changed $546,250 -8.8% $362 / Sq Ft
02/08/2022 02/08/22 For Sale $599,000 -- $397 / 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 $744 $18,000 $3,500 $14,500
2023 $743 $18,000 $3,500 $14,500
2022 $1,263 $18,000 $3,500 $14,500
2021 $660 $18,000 $3,500 $14,500
2020 $677 $18,000 $3,500 $14,500
2019 $654 $18,000 $3,500 $14,500
2018 $739 $18,000 $0 $0
2017 $688 $18,000 $0 $0
2016 $678 $18,000 $0 $0
2015 $680 $18,000 $0 $0
2014 $677 $18,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2013438

Bright MLS

APN: 533-19.00-168.00