For SaleRisky Deal48 days on market
381 N Bay Dr
381 N Bay Dr, Dover, DE 19901, Dover, DE 19901
$329,900
Estimate®:$324,900
Listing Price
381 N Bay Dr, Dover, DE 19901
Loc: Dover, DE
Days Listed
48
Tax Assessed
$257k
Estimate®
$325k
Market Rate
Lot Size
0.53 acres
Rent Estimate
$1,721/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
N/A
Mcilvaine (J. Ralph) Early Childhood Center
K
4.5 mi away
4
Magnolia Middle School
6-8
4.4 mi away
6
Caesar Rodney High School
9-12
7.4 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
waterfrontcottageranch-stylemetal roofvinyl sidingdual-dwellingelevated deckscoastaltranquilcreeksidewaterviewruraloutdoor livingevening lighting
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.02%
Total ROI
46.3%
Cash Flow
$-605/mo
DSCR
0.65
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-605/mo net cash flow with a 4.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Dover, DE
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-08 | Price change | $329,900 | $404 |
| 2026-08-08 | Listed for sale | $349,900 | $429 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $992.16 | $250,100 |
| 2024 | $988.16 | $250,100 |
| 2023 | $462.47 | $18,300 |
| 2022 | $436.44 | $18,300 |
| 2021 | $432.82 | $18,300 |
| 2020 | $425.63 | $18,300 |
| 2019 | $408.61 | $18,300 |
| 2018 | $393.84 | $18,300 |
| 2017 | $393.84 | $18,300 |
| 2016 | $374.5 | $18,300 |
| 2015 | $312.84 | $18,300 |
| 2014 | $312.06 | $18,300 |
| 2012 | $0 | $18,300 |
| 2011 | $0 | $18,300 |
| 2010 | $0 | $18,300 |
| 2009 | $0 | $18,300 |
| 2008 | $0 | $18,300 |
| 2007 | $0 | $18,300 |
| 2005 | $0 | $18,300 |
| 2004 | $0 | $18,300 |
| 2002 | $0 | $18,300 |
| 2001 | $0 | $18,300 |
| 2000 | $246.25 | $18,300 |
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