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581 Bay Ave, Milford, DE, 19963

$679,900

Home List Price

$8,074*

Closing Credit

4 Bedrooms
1 Full Bath
1,000 SqFt
$680/SqFt
House

Location

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581 Bay Ave, Milford$679,900

Buyer Closing Credits

$8,074*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage - Front Entry, Driveway, Attached Garage
Garage1 space
Year Built1961
HeatingForced Air
CoolingCentral Air
BasementYes
WaterfrontBeach
MLS #DESU2043524
Lot Size0.26 Acres
StatusActive
(ACTIVE)

About 581 Bay Ave

Quintessential Slaughter Beach Cottage. Enjoy incredible sunsets and bright Bayfront sunrises from this waterfront cottage. If you are looking to build your dream home or put together an income generating seasonal rental this property has got you covered. The cottage could be brightened and ready for travelers quickly as many of the main mechanicals have been updated. The main level has 4BR and 1 BA with a small eat in kitchen. There is a lower level with garage that is sectioned off and plumbed for kitchen and bath that could be refinished and incorporated in the overall living space. Notable upgrades include 200 amp electric, tankless hot water and gas fired HVAC. Property is Sold In As-Is Condition.

Property Details

Property Features

Property Information:

  • Architectural Style: Cottage
  • Year Built: 1961
  • Stories: 1
  • Living Area: 1,000 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices PenFed Realty
  • Office Phone: (302) 645-6661
  • Listing Agent: Terry Coleman

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Beach

Parking Information:

  • Garage Space: 1 space
  • Parking: Garage - Front Entry, Driveway, Attached Garage

Lot Features

Lot Information:

  • Lot Size: 0.26 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Lewes, take Route 1 north to Slaughter Beach Rd. Turn right to end, then left on Bay Ave to 581 Bay.

Price Information

Listing Price Info

Price Summary:

  • List Price: $679,900
  • Price Per SqFt: $680/SqFt

Tax Information:

  • Annual Amount: $1,041
  • Tax Year: 2021
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Housing Market Comparison

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

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Milford, DE

City

Med. Sold Price

$354.5K

Med. Price/SqFt

$205

Avg. Days On Market

42

# of Sold Homes

21

581 Bay Ave vs Milford

531 DAYS ON ROCKET

+489 Days

$679,900

+$325.3K More

$680/SqFt

+$474 More

KEY TAKEAWAY

This property is $325.3K more than the Median Sold Price and $474/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: #DESU2043524

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices PenFed Realty
  • Office Phone: (302) 645-6661
  • Listing Agent: Terry Coleman

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: 12/21/2024, 8:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 09, 2010Home Sold
$200,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,041$18,800
2020 - $18,800
2018$1,058$18,800
2017$1,072$18,800

History based on county public records data.

Payment Calculator

$3,461

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,105

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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-779627
4
/10

  • Mispillion Elementary School

  • 311 Lovers Ln

  • 5.62 miles

  • Public District Grades 1-5

school-card-donut-779628
7
/10

  • Ross (Lulu M.) Elementary School

  • 310 Lovers Ln

  • 5.69 miles

  • Public District Grades 1-5

school-card-donut-779629
6
/10

  • Banneker (Benjamin) Elementary School

  • 449 North St

  • 6.25 miles

  • Public District Grades 1-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $86,948. Typical income of Milford, DE residents is between $35k-100k annually. Typical family type is married, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 581 Bay Ave

What is the listing price of this property?

The listing price of 581 Bay Ave property is $679,900.

What type of property is this?

The property 581 Bay Ave is a house located in Milford, Delaware, 19963.

Is this property for sale now?

Active Listing: 581 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 $1,041 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 9, 2010 for $200,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 581 Bay Ave has 4 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 581 Bay Ave is 1,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 581 Bay Ave is 1961.

Rocket Homes›Delaware›Sussex County›Milford›19963›581 Bay Ave

This home is located at 581 Bay Ave in Milford, DE and zip code 19963. This 1,000 square foot home, which was built in 1961, sits on a 0.26 acre lot. Features: 4 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 09, 2023 and is currently priced at $679,900.

In November 2024, from all listings sold in Milford, DE there were more than 3 sold above asking price, over 9 sold below and more than 9 were sold right at the asked price. The number of homes for sale in Milford, DE decreased by 0.8% between October 2024 and November 2024. Listings spent 42 days on the market in November 2024, and had a median list price of $354,599 during the same period.

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

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