NOT LISTED FOR SALE

507 Lake Ct Ocean View, DE 19970

Estimated Value: $350,074 - $455,000

3 Beds
2 Baths
2,000 Sq Ft
$208/Sq Ft Est. Value

Last Sold April 26, 2023

Last sale price $410,000 $205 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,317/month

2 Days on Market

Highlights

  • Spa
  • Rambler Architecture
  • 2 Car Direct Access Garage
  • Lord Baltimore Elementary School Rated A-
  • No HOA
  • Central Air

About This Home

As of April 2023

Feel the ocean breezes and hear the gulls! You can be in the enviable position of living in a thoughtfully updated ranch-style house with freshly painted walls in soothing neutral colors throughout. NEW vinyl plank flooring, NEW trim throughout, and NEW quartz counters topping an abundance of base cabinets in the open kitchen are sure to please. The kitchen also features wood cabinetry, an under-mount stainless-steel sink, a greenhouse window, a French-door refrigerator with external water and ice maker, a built-in electric range with microwave oven above, recessed lighting, a skylight, a corner appliance cubby, a double-door panty, and a peninsula with a breakfast bar. As is the norm for room size in this comfortable home, the adjoining dining area is spacious enough for gathering with extended family and friends. The quiet determination of the current owner to keep this home in pristine condition is obvious as you go from room to room. If you are like many mid-century-crazed Americans and appreciate the casual, single-level design, you will delight in the way the interior extends to the exterior, providing plenty of additional living space. Case in point: the generously sized family-room addition. This terrific space features five double-hung windows, a slider that opens to steps that lead down to the fenced rear yard and large double-door shed, and another slider opening to a large rear deck with an inset hot tub and steps leading to the grassy rear yard. As if that were not enough, this move-in ready property includes a primary suite featuring a walk-in closet, a slider to the rear deck, a lighted ceiling fan, a double-vanity, a walk-in stall shower, and a jetted tub. Two additional bedrooms, both with ceiling fans and ample closet space, share a full hall bathroom with a tub shower. Not to be overlooked, this cul-de-sac-situated property includes an inviting front-entry living room, a home office with full-view French entry doors, a laundry room, a two-car attached garage, and a double-width concrete driveway. Conveniently located to the Coastal Highway, many parks, restaurants, and shopping, this Ocean View home may be perfect for you! NOTE: This property is an Estate Sale and may be subject to third-party approval.

Last Agent to Sell the Property

Kelly Diaz

(201) 741-8110 diazdelivers@gmail.com Keller Williams Realty Wilmington License #RS0036820 Listed on: 03/17/2023

Keller Williams Realty Wilmington

Last Buyer's Agent

Sylwia Praclewska-Hitchens

(302) 519-4901 sylwia@griffinhigginsteam.com Keller Williams Realty License #5014691

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $989

Year Built

  • Built in 2000

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 192.00 x 106.00
  • Property is zoned MR

Parking

  • 2 Car Direct Access Garage
  • Front Facing Garage
  • Garage Door Opener
  • On-Street Parking

Home Design

  • Rambler Architecture
  • Block Foundation
  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • Property has 1 Level
  • Partially Furnished

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Pool

  • Spa

Utilities

  • Central Air
  • Electric Baseboard Heater
  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Land Of Pleasant Living Subdivision

Listing and Financial Details

  • Tax Lot 18A
  • Assessor Parcel Number 134-08.00-211.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$989

Year Built

Built in 2000

Lot Details

0

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: 2023-03-17
  • Federal Flood Zone: No
  • Year Built: 2000
  • Automatically Close On Close Date: No
  • Remarks Public: Feel the ocean breezes and hear the gulls! You can be in the enviable position of living in a thoughtfully updated ranch-style house with freshly painted walls in soothing neutral colors throughout. NEW vinyl plank flooring, NEW trim throughout, and NEW quartz counters topping an abundance of base cabinets in the open kitchen are sure to please. The kitchen also features wood cabinetry, an under-mount stainless-steel sink, a greenhouse window, a French-door refrigerator with external water and ice maker, a built-in electric range with microwave oven above, recessed lighting, a skylight, a corner appliance cubby, a double-door panty, and a peninsula with a breakfast bar. As is the norm for room size in this comfortable home, the adjoining dining area is spacious enough for gathering with extended family and friends. The quiet determination of the current owner to keep this home in pristine condition is obvious as you go from room to room. If you are like many mid-century-crazed Americans and appreciate the casual, single-level design, you will delight in the way the interior extends to the exterior, providing plenty of additional living space. Case in point: the generously sized family-room addition. This terrific space features five double-hung windows, a slider that opens to steps that lead down to the fenced rear yard and large double-door shed, and another slider opening to a large rear deck with an inset hot tub and steps leading to the grassy rear yard. As if that were not enough, this move-in ready property includes a primary suite featuring a walk-in closet, a slider to the rear deck, a lighted ceiling fan, a double-vanity, a walk-in stall shower, and a jetted tub. Two additional bedrooms, both with ceiling fans and ample closet space, share a full hall bathroom with a tub shower. Not to be overlooked, this cul-de-sac-situated property includes an inviting front-entry living room, a home office with full-view French entry doors, a laundry room, a two-car attached garage, and a double-width concrete driveway. Conveniently located to the Coastal Highway, many parks, restaurants, and shopping, this Ocean View home may be perfect for you! NOTE: This property is an Estate Sale and may be subject to third-party approval.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 2000
  • Living Area Sq Ft: 2000
  • Price Per Sq Ft: 200.00
  • Above Grade Finished Sq Ft: 2000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 507

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
  • Other Structures List: Garage(s)
  • Construction Materials: Frame, Aluminum Siding
  • Spa: Yes
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage Door Opener, Garage - Front Entry, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

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 Use Code: 999
  • Lot Size Acres: 0.33
  • Lot Dimensions: 192.00 x 106.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 14375.00
  • Year Assessed: 2022
  • Zoning: MR
  • In City Limits: No

Rental Info

  • Furnished: Partially
  • Vacation Rental: No

Tax Info

  • School Tax: 881.00
  • Tax Annual Amount: 989.00
  • Assessor Parcel Number: 134-08.00-211.00
  • Tax Lot: 18A
  • Tax Total Finished Sq Ft: 2000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 04/26/2023

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2023
Closed on
Apr 17, 2023
Sold by
Towson James C
Bought by
Mccune Nancy and Devito Philip J
Seller's Agent
Kelly Diaz
Keller Williams Realty Wilmington
Buyer's Agent
Sylwia Praclewska-Hitchens
Keller Williams Realty
List Price
$400,000
Sold Price
$410,000
Premium/Discount to List
$10,000
2.5%
Views
51
Current Estimated Value
$416,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,519
Avg. Annual Appreciation
0.65%

Purchase Details

Closed on
May 29, 1999
Bought by
Towson George W and Towson Mary C
Source: Public Records

Range of Values:

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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
Mccune Nancy $410,000 None Listed On Document
Towson George W -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2023 04/26/23 Sold $410,000 +2.5% $205 / Sq Ft
03/20/2023 03/20/23 Pending -- -- --
03/17/2023 03/17/23 For Sale $400,000 -- $200 / 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 $1,301 $28,100 $7,500 $20,600
2024 $1,422 $28,100 $7,500 $20,600
2023 $1,447 $28,100 $7,500 $20,600
2022 $1,019 $28,100 $7,500 $20,600
2021 $1,008 $28,100 $7,500 $20,600
2020 $1,030 $28,100 $7,500 $20,600
2019 $1,029 $28,100 $7,500 $20,600
2018 $1,021 $24,350 $0 $0
2017 $1,071 $28,100 $0 $0
2016 $1,162 $28,100 $0 $0
2015 $1,175 $28,100 $0 $0
2014 $1,641 $28,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2036390

Bright MLS

APN: 134-08.00-211.00