NOT LISTED FOR SALE

48 Foreside Ave Ocean View, DE 19970

Estimated Value: $205,568 - $318,000

0.51 Acre
$510,082 Price per Acre
22,216 Sq Ft Lot

Last Sold June 10, 2020

Last sale price $138,000

Est. 89% increase in value since last sale

Current estimated payment $1,418/month

Highlights

  • Scenic Views
  • 0.51 Acre Lot
  • Corner Lot
  • Lord Baltimore Elementary School Rated A-

About This Lot

As of June 2020

A large prime corner lot in a small community with custom built homes and a boat landing dock with easy access to Whites Creek and the Indian River Bay. Located in the heart of Ocean View, you will enjoy the small town atmosphere with the John West Park. Only a short drive to Bethany Beach with gourmet dining, quaint shops, and the beautiful Atlantic Ocean and beaches. Premier golf and fishing nearby plus several state parks such as James Farm and Holt's Landing. Best kept secret! Impact fees are required - Sewer impact fee $6,000. Water impact fee $1,936.

Last Agent to Sell the Property

VICKIE YORK

vickie@bethanysbest.com VICKIE YORK AT THE BEACH REALTY Listed on: 02/24/2020

Last Buyer's Agent

Kim Hook

(302) 462-5504 kim@kimhook.com RE/MAX Coastal License #RB-0031040

RE/MAX Coastal

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $712

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 61.00 x 270.00
  • Corner Lot
  • Cleared Lot
  • Property is zoned TN 807

HOA Fees

  • $8 Monthly HOA Fees

Utilities

  • Water Service Lateral Not Installed
  • Lateral or Tap Off Main
  • Sewer Tap Fee

Additional Features

  • Scenic Vista Views
  • Flood Risk

Community Details

  • Foreside Commons Subdivision

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 134-12.00-2016.00

Property Details

Property Type

Land

Est. Annual Taxes

$712

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Current Use: Residential
  • New Construction: No
  • Federal Flood Zone: Yes
  • Remarks Public: A large prime corner lot in a small community with custom built homes and a boat landing dock with easy access to Whites Creek and the Indian River Bay. Located in the heart of Ocean View, you will enjoy the small town atmosphere with the John West Park. Only a short drive to Bethany Beach with gourmet dining, quaint shops, and the beautiful Atlantic Ocean and beaches. Premier golf and fishing nearby plus several state parks such as James Farm and Holt's Landing. Best kept secret! Impact fees are required - Sewer impact fee $6,000. Water impact fee $1,936.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 7.20
  • Street Number Modifier: 48

Exterior Features

  • Construction Completed: No
  • Road Surface Type: Black Top
  • View: Scenic Vista
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Lateral/Tap Off Main, Public Sewer, Sewer Tap Fee
  • Utilities: Sewer Available, Water Available
  • Water Source: Lateral Not Installed/Must Tap Off Main, Public

Condo/Co-op/Association

  • HOA Fees: 100.00
  • HOA Fee Frequency: Annually
  • HOA: Yes

Schools

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

Lot Info

  • Additional Parcels: No
  • Land Use Code: RV
  • Lot Features: Cleared, Corner
  • Lot Size Acres: 0.51
  • Lot Dimensions: 61.00 x 270.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 22216.00
  • Year Assessed: 2019
  • Zoning: TN 807
  • Farmland Preservation: No
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5104009
  • Tax Annual Amount: 712.00
  • Assessor Parcel Number: 134-12.00-2016.00
  • Tax Lot: 10
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 06/10/2020

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2020
Closed on
Jun 10, 2020
Sold by
Smolen James A and Smolen Carol T
Bought by
Larrimore Timothy D and Larrimore Muriel E
Seller's Agent
VICKIE YORK
VICKIE YORK AT THE BEACH REALTY
Buyer's Agent
Kim Hook
RE/MAX Coastal
List Price
$159,900
Sold Price
$138,000
Premium/Discount to List
-$21,900
-13.7%
Current Estimated Value
$260,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,142
Avg. Annual Appreciation
12.71%
Original Mortgage
$96,600
Outstanding Balance
$67,599
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$192,543

Purchase Details

Closed on
May 8, 2014
Sold by
Kim Kim
Bought by
Smolen James A and Smolen Carol T
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
Larrimore Timothy D $138,000 None Available
Smolen James A $123,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Larrimore Timothy D $96,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2020 06/10/20 Sold $138,000 -13.7% --
04/21/2020 04/21/20 Pending -- -- --
02/24/2020 02/24/20 For Sale $159,900 -- --
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 $376 $3,000 $3,000 $0
2024 $124 $3,000 $3,000 $0
2023 $124 $3,000 $3,000 $0
2022 $122 $3,000 $3,000 $0
2021 $118 $3,000 $3,000 $0
2020 $113 $3,000 $3,000 $0
2019 $409 $3,000 $3,000 $0
2018 $410 $3,000 $0 $0
2017 $411 $3,000 $0 $0
2016 $397 $3,000 $0 $0
2015 $401 $3,000 $0 $0
2014 $399 $3,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU156610

Bright MLS

APN: 134-12.00-2016.00