tomo logo

$822,995

Beds
3
Baths
2.0
sq ft
1,344

38310 Walnut Ln, Selbyville, DE 19975

38310 Walnut Ln

SELBYVILLE, DE 19975

  • 41 days on market
    • Price drop $15,000↓
Welcome to 38310 Walnut Ln., a beautifully renovated 3-bedroom, 2-bathroom single-family home with water access, ideal for coastal living in Selbyville. The open-concept layout features a fully updated kitchen with new appliances and a spacious island perfect for entertaining. Bright and airy living spaces are enhanced by large windows, allowing natural light to fill the home and showcasing stunning water views. Enjoy relaxing on the expansive back deck with direct access to the water. This property offers both modern comfort and investment potential with low HOA fees. Located just a short drive to local dining, shopping, and beaches, this home provides a perfect blend of tranquility and convenience. Don’t miss the chance to experience this exceptional coastal retreat! Boat lift never used by current owners and conveys as-is.

Details

Property type

Single Family Residence

Est. home value

$636,490

Lot size

0.23 acres

Price per sq ft

$613

Year built

1980

Annual property taxes

$757

Monthly HOA fee

$4.58

Price History

12/06/2024
Bright

Bright #DESU2074072

Price change
$822,995
-1.79%
11/15/2024
Bright

Bright #DESU2074072

Listed
$837,995
+31.99%
05/05/2023
Bright

Bright #DESU2032530

Sold
$634,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

INDIAN RIVER

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$258,228
Asking price
$822,995
Closing costs (~8% of asking)
-$65,840
Est. remaining loan balance
-$498,927
Cash to seller
$258,228

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

The Federal Savings Bank

Loan start date

May 2023

Original loan amount

$507,920

Est. remaining balance

$498,927

Interest rate

6.6%

Loan type

New Conventional, 30 year

Seller

Michael J Payan and Maria A Payan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 9:40 AM

Listing updated: 12/18/2024 at 10:24 AM

Listed by: Michael Farhad Payan, Atlantic Shores Sotheby's International Realty Phone #: (410) 524-0919

MLS: Bright #DESU2074072

Bright logo

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