NOT LISTED FOR SALE

38874 Old Lighthouse Rd Selbyville, DE 19975

Estimated Value: $1,391,000 - $1,762,000

5 Beds
4.5 Baths
3,190 Sq Ft
$511/Sq Ft Est. Value

Last Sold January 10, 2022

Last sale price $1,400,000 $439 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $9,018/month

79 Days on Market

Highlights

  • 46 Feet of Waterfront
  • Bay View
  • Deck
  • Phillip C. Showell Elementary School Rated A-
  • Coastal Architecture
  • No HOA

About This Home

As of January 2022

This custom built waterfront home is situated on the shore of the Assawoman Bay. With amazing views from every level, the three story coastal design draws you in. The entry level consists of a spacious family room for entertaining and a gourmet kitchen overlooking the bay. The kitchen is elegantly equipped with granite counter tops, custom cabinetry, double ovens, and stainless upgraded appliances including Subzero refrigeration, and Bosch dishwasher. The second level is ideal for guests featuring three additional bedrooms with two having bathroom access. On the third level, you will find the primary bedroom suite boasting a luxury bath including an oversized custom tiled shower, an abundance of closet space and access to the top sundeck for a view many never see. This floor also includes the 5th bedroom and an additional full bath nicely appointed as expected. Additional features include new top of the line HVAC systems, outbuilding for storage, no HOA, and fully gated for complete security and privacy. This home is the perfect spot for full time living or a seasonal retreat with direct access to the bay and all it has to offer. Professional photos coming soon!

Last Agent to Sell the Property

Andrew Bryan

Bryan Realty Group License #RB-0030961 Listed on: 08/18/2021

Last Buyer's Agent

Kevin Hammersmith

Northrop Realty License #RS-0036623

Northrop Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,809

Year Built

  • Built in 2006

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 46.00 x 103.00
  • 46 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • South Facing Home
  • Cleared Lot
  • Property is in excellent condition
  • Property is zoned AR-1

Home Design

  • Coastal Architecture
  • Block Foundation
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 3,190 Sq Ft Home
  • Property has 3 Levels
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Insulated Windows
  • Window Screens
  • Insulated Doors
  • Family Room
  • Bay Views
  • Crawl Space
  • Security Gate

Kitchen

  • Built-In Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 5 Parking Spaces
  • 5 Driveway Spaces
  • Private Parking

Outdoor Features

  • Water Access
  • Property near a bay
  • Bulkhead
  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Storage Shed
  • Outbuilding

Utilities

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

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 533-20.19-4.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,809

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: Yes
  • Year Built: 2006
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: This custom built waterfront home is situated on the shore of the Assawoman Bay. With amazing views from every level, the three story coastal design draws you in. The entry level consists of a spacious family room for entertaining and a gourmet kitchen overlooking the bay. The kitchen is elegantly equipped with granite counter tops, custom cabinetry, double ovens, and stainless upgraded appliances including Subzero refrigeration, and Bosch dishwasher. The second level is ideal for guests featuring three additional bedrooms with two having bathroom access. On the third level, you will find the primary bedroom suite boasting a luxury bath including an oversized custom tiled shower, an abundance of closet space and access to the top sundeck for a view many never see. This floor also includes the 5th bedroom and an additional full bath nicely appointed as expected. Additional features include new top of the line HVAC systems, outbuilding for storage, no HOA, and fully gated for complete security and privacy. This home is the perfect spot for full time living or a seasonal retreat with direct access to the bay and all it has to offer. Professional photos coming soon!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven - Wall, Washer
  • Interior Amenities: Ceiling Fan(s), Elevator, Walk-In Closet(s)
  • Window Features: Insulated, Screens
  • Fireplace: No
  • Door Features: Insulated
  • Wall Ceiling Types: Dry Wall, 9'+ Ceilings
  • Foundation Details: Block, Crawl Space
  • Floors In Unit Count: 3
  • Levels Count: 3
  • Room List: Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 3190
  • Living Area Sq Ft: 3190
  • Price Per Sq Ft: 454.55
  • Above Grade Finished Sq Ft: 3190
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38874

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 4
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 2.00
  • Upper Level Full Bathrooms: 2
  • Upper Level 2 Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Vinyl Siding
  • Exterior Features: Exterior Lighting, Outbuilding(s)
  • Roof: Metal
  • View: Bay, Water
  • Water Access: Yes
  • Water Body Name: Assawoman Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 46

Garage/Parking

  • Garage: No
  • Parking Features: Private
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 5

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security Gate
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Propane
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

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

Fee Information

  • Loss Mitigation Fee?: No

Schools

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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 40900.00
  • Land Assessed Value: 5000.00
  • Land Use Code: RS
  • Lot Features: Bulkheaded, Cleared
  • Lot Size Acres: 0.11
  • Lot Dimensions: 46.00 x 103.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4791.60
  • Outdoor Living Structures: Balcony, Deck(s), Patio(s)
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: AR-1
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets Allowed: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5241097
  • School Tax: 1605.00
  • Tax Annual Amount: 1809.00
  • Assessor Parcel Number: 533-20.19-4.00
  • Tax Total Finished Sq Ft: 833
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 01/10/2022

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2021
Closed on
Jan 6, 2022
Sold by
Smith Ii James E
Bought by
Hahn Josh Gaither and Hahn Hanh Amanda
Seller's Agent
Andrew Bryan
Bryan Realty Group
Buyer's Agent
Kevin Hammersmith
Northrop Realty
List Price
$1,450,000
Sold Price
$1,400,000
Premium/Discount to List
-$50,000
-3.45%
Current Estimated Value
$1,629,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,155
Avg. Annual Appreciation
1.86%
Original Mortgage
$700,000
Outstanding Balance
$647,769
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$849,178
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
Hahn Josh Gaither $1,400,000 New Title Company Name
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hahn Josh Gaither $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2022 01/10/22 Sold $1,400,000 -3.4% $439 / Sq Ft
01/03/2022 01/03/22 For Sale $1,450,000 0.0% $455 / Sq Ft
11/05/2021 11/05/21 Pending -- -- --
08/18/2021 08/18/21 For Sale $1,450,000 -- $455 / 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 $1,911 $45,900 $5,000 $40,900
2023 $1,909 $45,900 $5,000 $40,900
2022 $1,878 $45,900 $5,000 $40,900
2021 $1,822 $45,900 $5,000 $40,900
2020 $1,742 $45,900 $5,000 $40,900
2019 $1,735 $45,900 $5,000 $40,900
2018 $1,752 $45,900 $0 $0
2017 $1,766 $45,900 $0 $0
2016 $1,558 $45,900 $0 $0
2015 $1,605 $45,900 $0 $0
2014 $1,582 $45,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrew Bryan

    Seller's Agent in 2022

    Andrew Bryan

    Bryan Realty Group

    (302) 242-4328

    3 in this area

    243 Total Sales

    Andrew Bryan
    Section Image
  • Kevin Hammersmith

    Buyer's Agent in 2022

    Kevin Hammersmith

    Creig Northrop Team of Long & Foster

    (443) 627-2900

    1 in this area

    62 Total Sales

    Kevin Hammersmith
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2004676

Bright MLS

APN: 533-20.19-4.00

Delaware Sussex County Selbyville 19975

38874 Old Lighthouse Rd, Selbyville, DE

This home is located at 38874 Old Lighthouse Rd, Selbyville, DE 19975 since 18 August 2021 and is currently estimated at $1,629,155, approximately $510 per square foot. This property was built in 2006. 38874 Old Lighthouse Rd 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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