NOT LISTED FOR SALE

397 Bay Ave Milford, DE 19963

Estimated Value: $517,000 - $687,000

3 Beds
2 Baths
1,800 Sq Ft
$353/Sq Ft Est. Value

Last Sold November 22, 2021

Last sale price $540,000 $300 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,521/month

6 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Open Floorplan
  • Wood Flooring
  • Sandy Beach
  • Wood Burning Stove
  • No HOA

About This Home

As of November 2021

Waterfront on Slaughter Beach -- located on the sandy portion of Slaughter Beach, this home is ready for your vision to make it yours! This is an older Slaughter home that features oil fueled radiant baseboard heat (super efficient), and great wood stove that can heat the entire home for those cool winter nights. Second floor was added to this home in 2004, complete with its own heat pump, 2 bedrooms and full bath, with decks to take in sunrises over the bay and sunsets over the wildlife sanctuary. 3 season room faces the bay with a great yard to enjoy the beach and water views. Huge 2 car garage provides plenty of room for your vehicles and beach toys. Adjacent home at 399 Bay Avenue also available for sale -- buy both and use one as rental, a family compound, or remove both and begin anew with a huge combined parcel. Note: fence currently extends onto adjacent property -- this will be changed or removed with sale of either property.

Last Agent to Sell the Property

Laurie Bronstein

Berkshire Hathaway HomeServices PenFed Realty Listed on: 10/03/2021

Berkshire Hathaway HomeServices PenFed Realty

Co-Listed By

Terry Coleman

Berkshire Hathaway HomeServices PenFed Realty License #RS-0024573

Last Buyer's Agent

Laurie Bronstein

Berkshire Hathaway HomeServices PenFed Realty Listed on: 10/03/2021

Berkshire Hathaway HomeServices PenFed Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $100

Year Built

  • Built in 1979 | Remodeled in 2004

Lot Details

  • 0.32 Acre Lot
  • 50 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Sandy Beach
  • Back and Front Yard

Parking

  • 2 Car Detached Garage
  • 2 Driveway Spaces
  • Front Facing Garage
  • Gravel Driveway

Home Design

  • Cottage
  • Slab Foundation
  • Architectural Shingle Roof
  • Aluminum Siding
  • Vinyl Siding
  • Piling Construction

Interior Spaces

  • 1,800 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Free Standing Fireplace
  • Window Treatments
  • Window Screens
  • Living Room
  • Dining Room
  • Water Views
  • Attic Fan
  • Storm Windows

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Bathtub with Shower

Laundry

  • Electric Dryer
  • Washer

Outdoor Features

  • Water Access
  • Property near a bay
  • Outbuilding

Location

  • Flood Risk

Utilities

  • Window Unit Cooling System
  • Heat Pump System
  • Hot Water Baseboard Heater
  • 200+ Amp Service
  • Private Water Source
  • Electric Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association
  • Slaughter Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 230-01.00-117.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$100

Year Built

Built in 1979 | Remodeled in 2004

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Inclusions: All appliances
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1979
  • Year Renovated: 2004
  • Automatically Close On Close Date: No
  • Remarks Public: Waterfront on Slaughter Beach -- located on the sandy portion of Slaughter Beach, this home is ready for your vision to make it yours! This is an older Slaughter home that features oil fueled radiant baseboard heat (super efficient), and great wood stove that can heat the entire home for those cool winter nights. Second floor was added to this home in 2004, complete with its own heat pump, 2 bedrooms and full bath, with decks to take in sunrises over the bay and sunsets over the wildlife sanctuary. 3 season room faces the bay with a great yard to enjoy the beach and water views. Huge 2 car garage provides plenty of room for your vehicles and beach toys. Adjacent home at 399 Bay Avenue also available for sale -- buy both and use one as rental, a family compound, or remove both and begin anew with a huge combined parcel. Note: fence currently extends onto adjacent property -- this will be changed or removed with sale of either property.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer - Electric, Microwave, Oven/Range - Electric, Washer, Water Heater
  • Flooring Type: Wood, Vinyl
  • Interior Amenities: Primary Bath(s), Attic/House Fan, Carpet, Floor Plan - Open, Tub Shower, Window Treatments, Wood Floors, Stove - Wood
  • Window Features: Screens, Storm
  • Fireplace Features: Free Standing, Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Slab, Pilings
  • Levels Count: 2
  • Room Count: 8
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1
  • Basement: No
  • Total Sq Ft: 1800
  • Living Area Sq Ft: 1800
  • Price Per Sq Ft: 305.00
  • Above Grade Finished Sq Ft: 1800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 397

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
  • Other Structures List: Garage(s)
  • Construction Materials: Aluminum Siding, Vinyl Siding
  • Exterior Features: Outbuilding(s)
  • Roof: Architectural Shingle
  • View: Water
  • Water Access: Yes
  • Water Body Name: Delaware Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 50

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Crushed Stone
  • Garage Features: Garage - Front Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway, Detached Garage
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s), Window Unit(s)
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Hot Water, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Water Source: Private/Community Water

Condo/Co-op/Association

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

Schools

  • School District: MILFORD
  • School District Key: 300200396900
  • School District Source: Listing Agent

Lot Info

  • Lot Features: Front Yard, Rear Yard
  • Lot Size Acres: 0.32
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13939.00
  • Zoning: RESI
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5133400
  • Tax Annual Amount: 100.00
  • Assessor Parcel Number: 230-01.00-117.00
  • Tax Year: 1996
  • Close Date: 11/22/2021

Multi Family

  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: MILFORD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2021
Closed on
Nov 22, 2021
Sold by
Robert J Oesterling Ret
Bought by
Mendelson Kurt and Lane-Mendelson Katrina L
Seller's Agent
Laurie Bronstein
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Laurie Bronstein
Berkshire Hathaway HomeServices PenFed Realty
List Price
$549,000
Sold Price
$540,000
Premium/Discount to List
-$9,000
-1.64%
Current Estimated Value
$636,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,109
Avg. Annual Appreciation
4.09%
Original Mortgage
$432,000
Outstanding Balance
$398,038
Interest Rate
3.09%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$230,362

Purchase Details

Closed on
Nov 3, 2014
Bought by
Oesterling Robert L (Trustee) Kay E Oesterlin
Source: Public Records

Range of Values:

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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
Mendelson Kurt $540,000 None Available
Oesterling Robert L (Trustee) Kay E Oesterlin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mendelson Kurt $432,000
Previous Owner Kay E Osterling Ret $151,130
Previous Owner Oesterling Robert L $35,495
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2021 11/22/21 Sold $540,000 -1.6% $300 / Sq Ft
10/03/2021 10/03/21 For Sale $549,000 -- $305 / 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 $734 $13,700 $1,750 $11,950
2023 $762 $13,700 $1,750 $11,950
2022 $750 $13,700 $1,750 $11,950
2021 $430 $13,700 $1,750 $11,950
2020 $429 $13,700 $1,750 $11,950
2019 $432 $13,700 $1,750 $11,950
2018 $0 $13,700 $0 $0
2017 $781 $13,700 $0 $0
2016 $799 $13,700 $0 $0
2015 $564 $13,700 $0 $0
2014 $544 $13,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2007700

Bright MLS

APN: 230-01.00-117.00