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7 Old Forge Drive

7 Old Forge Drive, Ocean View, DE 19970
Property in Sussex
Sold Dec 31, 2019
$383,285
$306,636 by Nvr Mortgage Finance Inc
Mortgage Due Jan 01, 2050
Sold Sep 18, 2019
$107,500
7 Old Forge Drive in Ocean View, DE was first built in 2019 and is 5 years old. This has been categorized as a residential property type. There are a total of 2 floors. 7 Old Forge Drive has 2,303 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 830 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 10,376 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable style roof made of composition shingle. For those who need parking, there is a garage. The garage is 440 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of A+. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 7 Old Forge Drive was last sold in Dec 30, 2019 for $383,285. According to our calculations, that's $166.43 per sqft. Prior to that sales transaction, the property was sold for $107,500 in Sep 13, 2019. Current property owners are expected to pay $1,329 in taxes per year. The property on 7 Old Forge Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $3,750. To break that down further, the land itself was valued at $3,750. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Bedroom Count: 0
  • Building Quality: A+
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 10,376
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 830
  • Total Building Area: 2,303
  • Building Area: 2,303
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,303
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OCEAN VIEW
  • Land Acres: 0.238
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SILVER WOODS LOT 110 PHASE 1

Ownership

  • Current Owner : ROMERO MARIA E
  • Current Owner 2: VALENCIA JULIO
  • Previous Owner : NVR INC
  • Owner Before Previous Owner: SILVERSTOCK WP LLC

Neighborhood

  • School District Name: Indian River School District
  • School Tax School District: INDIAN RIVER SD
  • Census Tract: 051302

Zoning

  • Zoning: TN

Geography

  • District: INDIAN RIVER
  • Subdivision Phase Number: 1
  • Parcel: 134-16.00-960.00
  • Lot: 110
  • Municipality: 19970
  • Latitude: 38.5194
  • Longitude: -75.1108

    Address

  • Full Address: 7 Old Forge Dr
  • Address - House Number: 7
  • Address - Street Name: Old Forge
  • Address - Suffix Type: Dr
  • State: DE
  • City Name: Ocean View
  • Carrier Code: R089
  • 4-Digit Zip Code: 4251
  • Zip Code: 19970

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,329

    Appraisal Valuation

  • Standard Deviation: 0.2744
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 60
  • Final Value: 606,110
  • High Value: 772,458
  • Low Value: 439,763

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $306,636
  • First Open Lien Mortgage Lender: NVR MORTGAGE FINANCE INC
  • First Open Lien Mortgage Recording Date: Dec 31, 2019
  • First Open Lien Mortgage Loan Amount: $306,636
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2050

    Market Valuation

  • Market Total Value: $62,700
  • Market Land Value: $7,500
  • Market Improvement Value: $55,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,750
  • Assessed Land Value: $3,750

    Sales

  • Current Sale Contract Date: Dec 30, 2019
  • Current Sale Recording Date: Dec 31, 2019
  • Current Sale Transaction ID: 11719316438
  • Current Sale Price: $383,285
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 20190000050446
  • Previous Sale Recording Date: Sep 18, 2019
  • Previous Sale Contract Date: Sep 13, 2019
  • Previous Sale Amount: $107,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: NVR MORTGAGE FINANCE INC
  • First Mortgage Transaction Date: Dec 31, 2019
  • First Mortgage Loan Amount: $306,636
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Mortgage Loan Due Date: Jan 01, 2050

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Frequently Asked Questions

What neighborhood is 7 Old Forge Drive located in?
The 7 Old Forge Drive is a located in the neighborhood of Sussex in Sussex, Ocean View.
What is the average sales price for listings in 7 Old Forge Drive?
The average sales price for units in 7 Old Forge Drive is $0 currently.

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