NOT LISTED FOR SALE

402 Bay Tree Way Unit 46 Millsboro, DE 19966

Estimated Value: $316,000 - $438,349

3 Beds
2 Baths
1,694 Sq Ft
$218/Sq Ft Est. Value

Last Sold May 23, 2022

Last sale price $368,000 $217 Per Sq Ft

Current estimated payment $2,132/month

Highlights

  • Rambler Architecture
  • Community Pool
  • Forced Air Heating and Cooling System
  • Corner Lot
  • 2 Car Attached Garage
  • Property is in excellent condition

About This Home

As of May 2022

Owners are moving out of state and selling their like-new, less than 1 year old upgraded
Dominica Spring model home in Westtown Village. Why wait for new construction when you can
have this gorgeous like new home. Home is on a large corner lot with an irrigation system and
has a great open floor plan with 3 bedrooms, 2 full baths and a study with double doors
providing a great space for a work from home office. Home has many upgrades throughout
including upgraded kitchen cabinets, granite countertops and luxury vinyl plank flooring. In the
owner's suite you will find an oversized walk in closet, double vanity sink and a 5 foot long
shower with seat. Per the builders website, the home is very energy efficient with a HERS score
of 62 for lower energy costs. HOA fees include yard maintenance, snow removal and use of the
community pool & pool house. Located just off Route 113 in Millsboro, is close to all the amenities
on Route 113 and Route 24. Delaware Beaches and Ocean City, MD are a short drive away.

Last Agent to Sell the Property

Dustin Parker

(302) 483-7688 clientcare@theparkergroup.com The Parker Group License #672690 Listed on: 03/04/2022

Co-Listed By

Liz Grace

(443) 350-1746 lizgrace@theparkergroup.com Northrop Realty

Last Buyer's Agent

Ian Blyth

(302) 569-2352 ianblyth2003@yahoo.com Coldwell Banker Realty License #RS0025973

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,440

Year Built

  • Built in 2021

Lot Details

  • 6,098 Sq Ft Lot
  • Corner Lot
  • Property is in excellent condition
  • Property is zoned TN

HOA Fees

  • $116 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Driveway

Home Design

  • Rambler Architecture
  • Block Foundation
  • Slab Foundation
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,694 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Back Up Electric Heat Pump System
  • 150 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 233-05.00-12.00-46

Community Details

Overview

  • Investment Property Services Llc HOA, Phone Number (302) 994-3907
  • Property Manager

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,440

Year Built

Built in 2021

Lot Details

0

HOA Fees

$116 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-03-04
  • Federal Flood Zone: No
  • Year Built: 2021
  • Automatically Close On Close Date: No
  • Remarks Public: Owners are moving out of state and selling their like-new, less than 1 year old upgraded Dominica Spring model home in Westtown Village. Why wait for new construction when you can have this gorgeous like new home. Home is on a large corner lot with an irrigation system and has a great open floor plan with 3 bedrooms, 2 full baths and a study with double doors providing a great space for a work from home office. Home has many upgrades throughout including upgraded kitchen cabinets, granite countertops and luxury vinyl plank flooring. In the owner's suite you will find an oversized walk in closet, double vanity sink and a 5 foot long shower with seat. Per the builders website, the home is very energy efficient with a HERS score of 62 for lower energy costs. HOA fees include yard maintenance, snow removal and use of the community pool & pool house. Located just off Route 113 in Millsboro, is close to all the amenities on Route 113 and Route 24. Delaware Beaches and Ocean City, MD are a short drive away.
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Foundation Details: Block, Slab
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1694
  • Living Area Sq Ft: 1694
  • Price Per Sq Ft: 224.26
  • Above Grade Finished Sq Ft: 1694
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 402

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: Vinyl Siding, Stick Built
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s)
  • Electric Service: 150 Amps
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 116.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Name: INVESTMENT PROPERTY SERVICES LLC
  • HOA Phone: 302-994-3907
  • 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

  • Land Use Code: RC
  • Lot Features: Corner
  • Lot Size Acres: 0.14
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6098.40
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 24506989
  • School Tax: 643.00
  • Tax Annual Amount: 1439.60
  • Assessor Parcel Number: 233-05.00-12.00-46
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 05/23/2022

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2022
Closed on
May 23, 2022
Sold by
Thompson Gary H
Bought by
Pratt Richard and Pratt Sharon
Seller's Agent
Dustin Parker
The Parker Group
Buyer's Agent
Ian Blyth
Coldwell Banker Realty
List Price
$389,900
Sold Price
$368,000
Premium/Discount to List
-$21,900
-5.62%
Current Estimated Value
$369,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,087
Avg. Annual Appreciation
0.09%
Original Mortgage
$294,400
Outstanding Balance
$279,798
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$89,289

Purchase Details

Closed on
Jul 16, 2021
Sold by
Millwood Acquitions Llc
Bought by
Thompson Gary H and Thompson Roxann V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,100
Interest Rate
2.93%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
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
Pratt Richard $368,000 T Carney Sussex Law Llc
Thompson Gary H $320,100 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pratt Richard $294,400
Previous Owner Thompson Gary H $220,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2022 05/23/22 Sold $368,000 -3.1% $217 / Sq Ft
04/04/2022 04/04/22 Pending -- -- --
03/21/2022 03/21/22 Price Changed $379,900 -2.6% $224 / Sq Ft
03/04/2022 03/04/22 For Sale $389,900 -- $230 / 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 $781 $0 $0 $0
2024 $814 $0 $0 $0
2023 $789 $0 $0 $0
2022 $762 $0 $0 $0
2021 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2016564

Bright MLS

APN: 233-5.00-12.00-46