NOT LISTED FOR SALE

62 October Glory Ave Ocean View, DE 19970

Estimated Value: $381,418 - $457,000

2 Beds
2 Baths
1,430 Sq Ft
$472/mo HOA Fee

Last Sold April 25, 2016

Last sale price $225,000 $157 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $2,745/month

Highlights

  • Golf Club
  • Fitness Center
  • Waterfront
  • Lord Baltimore Elementary School Rated A-
  • Lake View
  • Colonial Architecture

About This Home

As of April 2016

One of a kind investment opportunity. Over $18K in annual rental income for this pond front villa. Beautiful sunsets from your screen porch, deck and even your great room. Spacious open floor plan with large galley eat in kitchen, dining area, great room, master bedroom with private bath, guest bedroom with full hall bath, full size washer/dryer, over sized closet for bikes, etc. This is a proven rental for several years with repeat guests. No question this home is an investor delight. Short walk to pools, tennis courts, fitness, clubhouse, restaurant, indoor pool, beach shuttle and landscaped park out your front door. Location, and beautiful views make this first floor condo sought after within the beautiful Beat Trap community.

Last Agent to Sell the Property

Colleen Windrow

(443) 497-4917 colleen@thewindrowgroup.com Keller Williams Realty License #RS-0024171 Listed on: 02/02/2016

Keller Williams Realty

Last Buyer's Agent

PATRICK MONTAGUE

(302) 381-6992 patrick@patrickmontague.com Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,285

Year Built

  • Built in 2003

Lot Details

  • Waterfront

HOA Fees

  • $472 Monthly HOA Fees

Property Views

  • Lake
  • Pond

Home Design

  • Colonial Architecture
  • Coastal Architecture
  • Entry on the 1st floor
  • Block Foundation
  • Architectural Shingle Roof
  • HardiePlank Type
  • Stick Built Home

Interior Spaces

  • 1,430 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Window Screens
  • Combination Kitchen and Dining Room
  • Crawl Space

Kitchen

  • Eat-In Galley Kitchen
  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Home Security

Outdoor Features

  • Water Access
  • Property is near a pond
  • Deck
  • Screened Patio
  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-16.00-1430.00-62G

Community Details

Overview

  • Low-Rise Condominium
  • Bear Trap Subdivision

Recreation

  • Golf Club
  • Golf Course Community
  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Indoor Pool
  • Community Spa
  • Putting Green
  • Jogging Path

Additional Features

  • Sauna
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,285

Year Built

Built in 2003

Lot Details

0

HOA Fees

$472 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal, Colonial
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Condominium
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 2003
  • Remarks Public: One of a kind investment opportunity. Over $18K in annual rental income for this pond front villa. Beautiful sunsets from your screen porch, deck and even your great room. Spacious open floor plan with large galley eat in kitchen, dining area, great room, master bedroom with private bath, guest bedroom with full hall bath, full size washer/dryer, over sized closet for bikes, etc. This is a proven rental for several years with repeat guests. No question this home is an investor delight. Short walk to pools, tennis courts, fitness, clubhouse, restaurant, indoor pool, beach shuttle and landscaped park out your front door. Location, and beautiful views make this first floor condo sought after within the beautiful Beat Trap community.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Kitchen - Eat-In, Kitchen - Galley, Combination Kitchen/Dining, Pantry, Entry Level Bedroom, Ceiling Fan(s), Window Treatments
  • Window Features: Screens
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block, Crawl Space
  • Level Count: 1
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1430
  • Living Area Sq Ft: 1430
  • Net Sq Ft: 1430.00
  • Price Per Sq Ft: 160.14
  • Above Grade Finished Sq Ft: 1430
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 62G

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Hardiplank Type
  • Construction Completed: Yes
  • Exterior Features: Sidewalks
  • Roof: Architectural Shingle
  • View: Lake, Pond
  • Water Access: Yes
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 568.00
  • Water Source: Private

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 5668.00
  • HOA Condo Co-Op Amenities: Basketball Courts, Fitness Center, Golf Club, Golf Course, Hot Tub, Jog/Walk Path, Tot Lots/Playground, Swimming Pool, Pool - Outdoor, Putting Green, Sauna, Tennis Courts
  • HOA: No
  • Association Recreation Fee: No
  • Community Pool Features: Indoor

Schools

  • School District: INDIAN RIVER
  • School District Key: 300200396898

Lot Info

  • Lot Size Units: Acres
  • Outdoor Living Structures: Deck(s), Porch(es), Screened
  • Zoning Description: RESIDENTIAL PLANNED COMM.
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 18500.00
  • Vacation Rental: Yes

Tax Info

  • Tax Annual Amount: 1285.00
  • Assessor Parcel Number: 134-16.00-1430.00-62G
  • County Tax Payment Frequency: Annually
  • Close Date: 04/25/2016

Multi Family

  • Income Expense List: Total Tax Bill

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2020
Sold by
Lagna Linda
Bought by
Lagna Linda
Current Estimated Value
$416,605

Purchase Details

Closed on
Apr 25, 2014
Sold by
Lawrence K Lawrence K and Mckinney Barbara A
Bought by
Lagna Louis and Tiberi Linda

Purchase Details

Closed on
May 29, 2013
Sold by
Mon John and Mon Jeanette
Bought by
Mckinney Lawrence K and Mckinney Barbara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 2013
Sold by
Mon John and Mon Jeanette
Bought by
Mckinney Lawrence K and Mckinney Barbara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.43%
Mortgage Type
New Conventional
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
Lagna Linda -- Advantage Title
Lagna Louis $224,000 --
Mckinney Lawrence K $205,000 --
Mckinney Lawrence K $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mckinney Lawrence K $180,000
Previous Owner Mckinney Lawrence K $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2016 04/25/16 Sold $225,000 -1.7% $157 / Sq Ft
03/29/2016 03/29/16 Pending -- -- --
02/02/2016 02/02/16 For Sale $229,000 -6.9% $160 / Sq Ft
08/14/2015 08/14/15 Sold $246,000 -4.9% $153 / Sq Ft
07/30/2015 07/30/15 Pending -- -- --
07/06/2015 07/06/15 Price Changed $258,600 -2.4% $161 / Sq Ft
05/16/2015 05/16/15 Price Changed $264,900 -3.7% $165 / Sq Ft
03/09/2015 03/09/15 Price Changed $275,000 -3.5% $171 / Sq Ft
01/26/2015 01/26/15 For Sale $285,000 -- $177 / 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 $767 $24,950 $0 $24,950
2024 $1,099 $24,950 $0 $24,950
2023 $1,098 $24,950 $0 $24,950
2022 $1,080 $24,950 $0 $24,950
2021 $1,048 $24,950 $0 $24,950
2020 $1,000 $24,950 $0 $24,950
2019 $996 $24,950 $0 $24,950
2018 $1,005 $26,550 $0 $0
2017 $1,014 $26,550 $0 $0
2016 $893 $26,550 $0 $0
2015 $921 $26,550 $0 $0
2014 -- $26,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001013722

Bright MLS

APN: 134-16.00-1430.00-62E