$1,900,000
SOLD DEC 5, 2024

38955 Monroe Ave Selbyville, DE 19975

6 Beds
6 Baths
3,792 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$501 Per Sq Ft

5% Below List Price

41 Days on Market

Highlights

  • 50 Feet of Waterfront
  • 1 Boat Dock
  • Fishing Allowed
  • Phillip C. Showell Elementary School Rated A-
  • New Construction
  • Canal View

About This Home

As of December 2024

Welcome to this stunning coastal, contemporary style home located less than a mile from the Atlantic Ocean. This spacious property boasts 6 bedrooms and 6 bathrooms featuring custom bathroom tile work - spread over 3 levels, offering luxurious living spaces for you and your family. Did I mention this home features 2 Laundry Rooms, a Game/Recreation Room with wet bar, and an elevator. This canal front location offers 50 feet of bulkhead and an existing dock for all your water toys and of course, your boat. Step outside to enjoy the extensive hardscape, including a variety of outdoor spaces including decks, porches - front and rear, and multiple balconies, perfect for soaking in the picturesque views of the water and nearby bay. With a fireplace to cozy up next to, this home offers both comfort and luxury. Situated waterfront on an easily navigated Canal, this property provides easy access to boating and water activities. Just a stone's throw away from the charming town of Fenwick Island, DE, and the bustling city of Ocean City, MD, you'll have endless opportunities for entertainment and dining. Don't miss out on the chance to make this beautiful property your new home!

Last Agent to Sell the Property

Michael Hall

Patterson-Schwartz-OceanView License #05-651274 Listed on: 08/16/2024

Patterson-Schwartz-OceanView

Co-Listed By

Bill Gaines

Patterson-Schwartz-OceanView

Last Buyer's Agent

Dennis Mather

Long & Foster Real Estate, Inc. License #RS-0020611

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $275

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • 50 Feet of Waterfront
  • Home fronts navigable water
  • Home fronts a canal
  • Extensive Hardscape
  • Back Yard
  • Property is zoned AR-1

Parking

  • 2 Car Attached Garage
  • 3 Driveway Spaces
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Block Foundation
  • Stick Built Home

Interior Spaces

  • 3,792 Sq Ft Home
  • Property has 3 Levels
  • Electric Fireplace
  • Canal Views

Bedrooms and Bathrooms

Accessible Home Design

  • Accessible Elevator Installed
  • Doors with lever handles

Outdoor Features

  • Water Access
  • Property is near a canal
  • 1 Boat Dock
  • Dock Against Bulkhead
  • Multiple Balconies
  • Deck
  • Patio
  • Rain Gutters
  • Porch

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • 60 Gallon+ Electric Water Heater
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 533-20.19-22.00

Community Details

Overview

  • No Home Owners Association
  • Edgewater Acres Subdivision

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$275

Year Built

Built in 2024 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: Doors - Lever Handle(s), Elevator
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2024
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to this stunning coastal, contemporary style home located less than a mile from the Atlantic Ocean. This spacious property boasts 6 bedrooms and 6 bathrooms featuring custom bathroom tile work - spread over 3 levels, offering luxurious living spaces for you and your family. Did I mention this home features 2 Laundry Rooms, a Game/Recreation Room with wet bar, and an elevator. This canal front location offers 50 feet of bulkhead and an existing dock for all your water toys and of course, your boat. Step outside to enjoy the extensive hardscape, including a variety of outdoor spaces including decks, porches - front and rear, and multiple balconies, perfect for soaking in the picturesque views of the water and nearby bay. With a fireplace to cozy up next to, this home offers both comfort and luxury. Situated waterfront on an easily navigated Canal, this property provides easy access to boating and water activities. Just a stone's throw away from the charming town of Fenwick Island, DE, and the bustling city of Ocean City, MD, you'll have endless opportunities for entertainment and dining. Don't miss out on the chance to make this beautiful property your new home!
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Fireplace Features: Electric
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 3
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 3792
  • Living Area Sq Ft: 3792
  • Price Per Sq Ft: 526.11
  • Above Grade Finished Sq Ft: 3792
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38955

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 2
  • Total Bathrooms: 6
  • Full Bathrooms: 6
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 3
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built
  • Construction Completed: No
  • Exterior Features: Extensive Hardscape, Gutter System
  • View: Canal, Water
  • Water Access: Yes
  • Water Body Name: Canal
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 50

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 3

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, 60+ Gallon Tank
  • Sewer/Septic System: Private Sewer
  • Water Source: Public

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

  • Horses: No
  • Land Lease: No
  • Lot Features: Fishing Available, Rear Yard
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50 X 100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Outdoor Living Structures: Deck(s), Patio(s), Porch(es), Balconies- Multiple
  • Zoning: AR-1
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Multi Family

  • Federal Flood Zone: AE

Tax Info

  • Tax Annual Amount: 275.00
  • Assessor Parcel Number: 533-20.19-22.00
  • Tax Year: 2023
  • Close Date: 12/05/2024

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2024
Closed on
Dec 5, 2024
Sold by
Monroe Ave Properties Llc
Bought by
Whitehurst Thomas D and Whitehurst Wendy W
Seller's Agent
Michael Hall
Patterson-Schwartz-OceanView
Buyer's Agent
Dennis Mather
Long & Foster Real Estate, Inc.
List Price
$1,995,000
Sold Price
$1,900,000
Premium/Discount to List
-$95,000
-4.76%
Views
69
Current Estimated Value
$1,971,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,935
Avg. Annual Appreciation
1.35%
Original Mortgage
$1,520,000
Outstanding Balance
$1,515,445
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$404,588

Purchase Details

Listed on
Nov 4, 2023
Closed on
Dec 15, 2023
Sold by
Vincent Cicala Revocable Trust
Bought by
Monroe Ave Properties Llc
Seller's Agent
Danny Taglienti
Keller Williams Realty
Buyer's Agent
Michael Hall
Patterson-Schwartz-OceanView
List Price
$550,000
Sold Price
$530,000
Premium/Discount to List
-$20,000
-3.64%
Views
37

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
267.95%
Original Mortgage
$800,000
Interest Rate
7.76%
Mortgage Type
Credit Line Revolving
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 Type Sale Price Title Company
Deed $1,900,000 None Listed On Document
Deed $1,900,000 None Listed On Document
Deed $530,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,520,000 New Conventional
Closed $1,520,000 New Conventional
Previous Owner $800,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2024 12/05/24 Sold $1,900,000 -4.8% $501 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
08/16/2024 08/16/24 For Sale $1,995,000 +276.4% $526 / Sq Ft
12/15/2023 12/15/23 Sold $530,000 -3.6% --
11/13/2023 11/13/23 Pending -- -- --
11/04/2023 11/04/23 For Sale $550,000 -- --
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 $288 $6,650 $5,000 $1,650
2023 $288 $6,650 $5,000 $1,650
2022 $283 $6,650 $5,000 $1,650
2021 $275 $6,650 $5,000 $1,650
2020 $266 $6,650 $5,000 $1,650
2019 $265 $6,650 $5,000 $1,650
2018 $267 $6,650 $0 $0
2017 $270 $6,650 $0 $0
2016 $239 $6,650 $0 $0
2015 $246 $6,650 $0 $0
2014 $243 $6,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2067276

Bright MLS

APN: 533-20.19-22.00