5 months on rocket

351 Bay Ave, Milford, DE, 19963

$1,595,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
4 Full Baths
6,400 SqFt
$249/SqFt
House

Location

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351 Bay Ave, Milford$1,595,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAdditional Storage Area, Garage - Front Entry, Oversized, Asphalt Driveway, Attached Garage, Driveway
Garage2 spaces
Year Built1974
HeatingForced Air
CoolingCentral Air
WaterfrontBeach
ViewBay, Panoramic, Water
MLS #DESU2064330
Lot Size1.26 Acres
StatusActive
(ACTIVE)

About 351 Bay Ave

JUST REDUCED! Own a piece of Delaware History!! This very unique bay front property sits upon the equivalent of 2 Bayfront lots and was originally part of the Slaughter Beach Hotel dating back to the late 1800's. The current owners ancestors bought this property 100 years ago and have enjoyed it through many generations! The large parcel includes 1.26 acres on the Delaware Bay with 175.78 feet of direct beach frontage. The home/hotel was completely renovated, by relocating, stripping the interior and elevating it onto pilings to have a better Bay View. The former hotel was stripped down to the studs and completely rebuilt, leaving as many original features of the structure as possible (see the attached history) . It now stands 3.5 stories tall and includes, an elevator providing access to the first 3 floors, wrap around deck, living area off the kitchen, open floor plan with panoramic Delaware Bay views from each side of the home! The ground floor includes 2 living spaces as well as a second kitchen with a full bath and sauna, laundry, storage, whole house generator and new HVAC. The 2nd floor is the primary living, dining and kitchen area with a full bath. The 3rd floor provides 3 bedrooms - 2 of which have direct bay views and the 4th floor (former attic) boasts a open beam bay front loft bedroom with a private sun deck overlooking the Bay. The oversized climate controlled, detached garage with a finished office space and potential 2-story dwelling area provides extra conditioned living area and massive storage. The home was painted in early June, the elevator and whole house generator serviced and, every window in the home has been recently replaced with A-Series Anderson windows! The heating and cooling systems in both home and garage have been recently replaced and upgraded, as well. Bathroom fixtures are also new! Slaughter Beach is incorporated as a town with their own fire department, beach pavilion, recreational park including tennis/pickleball courts, basketball courts, playground equipment and over sized public parking area. The Cedar Creek marina at the North end of town provides indoor boat storage, marine services and easy boating access to the Delaware Bay through the Mispillion Inlet,. The DuPont Nature Center and public boat ramp are located across the Cedar Creek Bridge to the North.

Property Details

Property Features

Property Information:

  • Architectural Style: Coastal, Contemporary, Craftsman, Other
  • Year Built: 1974
  • Living Area: 6,400 SqFt

Listing Office:

  • Office Name: Jack Lingo - Lewes
  • Office Phone: (302) 645-2207
  • Listing Agent: NICK CARTER

Interior Features

Interior Information:

  • Appliances: Range, Cooktop, Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Oven, Electric Range, Refrigerator, Stove, Washer, Water Heater, Freezer
  • Basement: No
  • Flooring Type: Solid Hardwood, Tile/Brick, Vinyl
  • Interior: 2nd Kitchen, Ceiling Fan(s), Elevator, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Gourmet, Primary Bedroom - Bay Front, Sauna, Bathroom - Stall Shower, Store/Office, Studio, Walk-in Closet(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Waterfront: Beach
  • View: Bay, Panoramic, Water
  • Exterior: Outbuilding(s), Boat Storage, Secure Storage

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Additional Storage Area, Garage - Front Entry, Oversized, Asphalt Driveway, Attached Garage, Driveway

Lot Features

Lot Information:

  • Lot: Flood Plain, Front Yard, Level, Back Yard, Side Yard(s), Flag Lot
  • Lot Size: 1.26 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Route 1 Take Slaughter Beach Road East, once you arrive at the stop sign, the property is straight ahead of you on Bay Avenue and the beach!

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,595,000
  • Price Per SqFt: $249/SqFt

Tax Information:

  • Annual Amount: $924
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Milford, DE.

Med. Sold Price

$350K

Med. Price/SqFt

$207

Avg. Days On Market

74

# of Sold Homes

26

351 Bay Ave vs Milford

156 DAYS ON ROCKET

+82 Days

$1,595,000

+$1.2M More

$249/SqFt

+$42 More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $42/SqFt more than other homes in Milford, DE.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #DESU2064330

Listing Office:

  • Office Name: Jack Lingo - Lewes
  • Office Phone: (302) 645-2207
  • Listing Agent: NICK CARTER

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 4:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$924$23,900
2020$928$23,900
2018$945$23,900
2017$962$23,900

History based on county public records data.

Payment Calculator

$8,028

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,848

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-526231
4
/10
  • Mispillion Elementary School

  • 311 Lovers Ln

  • 6.03 miles

  • Public District Grades 1-5

school-card-donut-526232
7
/10
  • Ross (Lulu M.) Elementary School

  • 310 Lovers Ln

  • 6.11 miles

  • Public District Grades 1-5

school-card-donut-526233
6
/10
  • Banneker (Benjamin) Elementary School

  • 449 North St

  • 6.85 miles

  • Public District Grades 1-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $86,948. Residents of Milford, DE typically earn between $35k-100k each year. Most families are married, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 351 Bay Ave

What is the listing price of this property?

The listing price of 351 Bay Ave property is $1,595,000.

What type of property is this?

The property 351 Bay Ave is a house located in Milford, Delaware, 19963.

Is this property for sale now?

Active Listing: 351 Bay Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $924 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 351 Bay Ave has 6 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 351 Bay Ave is 6,400 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 351 Bay Ave is 1974.

Rocket Homes›Delaware›Sussex County›Milford›19963›351 Bay Ave

This home is located at 351 Bay Ave in Milford, DE and zip code 19963. This 6,400 square foot home, which was built in 1974, sits on a 1.26 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 14, 2024 and is currently priced at $1,595,000.

While more than 5 listings in Milford, DE in October 2024 were sold above asking price, there were more than 8 listings sold at asking price, and more than 13 were sold below. In October 2024 in Milford, DE there were 6.3% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $350,000, while the average time on the real estate market was 74 days.

From Rocket Homes Real Estate and based on county public records data.

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