134 Waterside Dr · Bridgeville, DE 19933

$314,900

2 bd · 3.0 ba · 1,320 sqft · SingleFamily public records · 10 Days on market

Built 2017 3,485 sqft lot $239/sqft · 18% below area Est $386k · 18% under $330/mo HOA · 15% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +7.0/30.0
• Appreciation +5.6/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• 1% rule +2.1/10.0
• DSCR +1.2/10.0

Listing remarks MLS

Flexible and open floor plan allows you to arrange rooms to suite your style whether you want a formal dining room or an open Great Room. Kitchen is open to entire space with upgraded White Cabinets, Stainless Steel appliances and granite counter tops. Home has 2 Bedrooms, 2 Baths and a separate laundry Room. Enjoy your morning coffee on your private patio just off the 9th hole of the golf course. Enjoy all that Heritage Shores has to offer: 24,000 sq. ft. Clubhouse, 18 hole Golf Course, indoor & outdoor Pools, Tennis & Pickle Ball Courts, Library & Computer Center, Billiard Room, Card & Game Rooms, Full Time Activities Director, Woodworking Shop, and the Sugar Beet Market, a place to Eat, Sip & Play. Heritage Shores has all the amenities and lifestyle any 55 & Better could ask for. Come for a visit and see!

Key facts

• One-level living
• Private patio
• 3,485 sq ft lot

Tags

• ONE-LEVEL LIVING
• PRIVATE PATIO
• WORLD-CLASS AMENITIES
• INDOOR AND OUTDOOR POOLS
• PICKLEBALL AND TENNIS COURTS
• WALKING AND BIKING TRAILS

Property features AI

Finance

• Other: Fee simple ownership; Property manager present; Not in a federal flood zone; Ground rent paid annually
• HOA & community: HOA fee of $330 monthly; HOA covers common area maintenance, insurance, and pools; Community amenities include indoor and outdoor pools, fitness/exercise rooms, club house, game rooms, golf course and golf club amenities, walking/jogging paths, lake access, dining rooms and bar/lounge, library, meeting rooms, billiard room, party room, putting green, tennis courts, bike trails, dog park, shuffleboard, hot tub, and retirement community services

Exterior

• Parking: Attached garage with 2 spaces and front-entry garage door opener; Driveway with 2 spaces; Total of 4 garage/parking spaces; Off-street parking
• Utilities: Public water; Public sewer; Natural gas available (heating and hot water); Electric service with circuit breakers; Cable and phone available
• Home design: Detached home; Senior community (55+)
• Construction: Built by Brookfield; Frame/stick-built with vinyl siding; Architectural shingle roof; Slab foundation; Double-pane, energy-efficient Low-E vinyl-clad windows with screens
• Exterior features: Patio(s) and porch(es); Exterior lighting; Sidewalks; Underground lawn sprinkler; Awnings; Landscaping; Adjoins golf course; Water view

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Gas oven/range; Refrigerator; Stainless steel appliances
• Bedrooms: Two main-level bedrooms (including master bedroom)
• Flooring: Ceramic tile; Engineered wood; Luxury vinyl plank; Wood floors
• Bathrooms: Two full bathrooms (including two full on main level)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Open floor plan with 9'+ ceilings; Breakfast area; Ceiling fans; Gourmet kitchen with island; Pantry; Recessed lighting; Stall shower and tub/shower; Upgraded countertops; Walk-in closets; Window treatments; Built-ins; Dining area; Master bath(s); Sliding glass and six-panel doors; Wood floors
• Laundry & utility: Washer and dryer in unit (main floor)

What this means for you Summary

Snapshot

• This is a 2-bed/3.0-bath single-family listed at $315k.

Deal economics

• At list price, monthly cash flow is $-461 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $234k (25.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $225k (28.6% below list).
• Recommended offer: $225k (28.6% below list) — sets the bar for 1% rule.
• Cap rate 4.5% vs local median 3.7% in Bridgeville — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 64/100 on livability (#48 in DE) — a middle-class / working-renter tenant base. Strengths: health & safety A, crime B; Watch: amenities F, commute F.
• Woodbridge School District (rural): math 17% / reading 34% proficiency, ranked #21 of 26 in DE (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Woodbridge Early Childhood Education Center (592 students, 0% FRL); Woodbridge Middle School (math 13% / reading 37%, grade F, #22 of 36 statewide, top 63%, 598 students, 0% FRL); Woodbridge High School (math 12% / reading 27%, grade F, #32 of 40 statewide, top 85%, 723 students, 0% FRL) — zoned schools average 0% FRL vs 59% district-wide (59 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 108 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 4,354 units permitted in Sussex County in 2024 (344 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($2k loan paydown + $4k appreciation (1.1% local appreciation)).
• Sussex County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 6, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 69% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $224,729 (28.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.71% ✗
• Cap rate: 4.54%
• Cash-on-cash: -6.27%
• DSCR: 0.72
• GRM: 11.7

CMA / ARV

• ARV (median comp): $385,754
• List price: $314,900
• Delta: -17.07%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
48 Champions Dr	0.29mi	2/2.0	1,311 (-1%)	22mo	$349,990	$267	63
69 Whistling Duck Dr	0.70mi	3/2.0 (+1)	1,409 (+7%)	8mo	$372,000	$264	41
7 Harlequin Loop	0.50mi	2/2.0	1,504 (+14%)	13mo	$349,900	$233	38
82 Whistling Duck Dr	0.70mi	3/2.0 (+1)	1,190 (-10%)	10mo	$338,000	$284	34
70 Whistling Duck Dr	0.68mi	2/2.0	1,500 (+14%)	12mo	$370,900	$247	31
80 Whistling Duck Dr	0.70mi	3/2.0 (+1)	1,488 (+13%)	15mo	$340,000	$228	24

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

1.14% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -4.7%
• Equity multiple: 0.76×
• Total profit: $-21,185
• Equity at exit: $109,829

10-year hold

• IRR: 0.5%
• Equity multiple: 1.07×
• Total profit: $5,912
• Equity at exit: $147,769

Cash invested: $88,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 70 Landlord-Friendly
• State Delaware: 70 Landlord-Friendly · D+7
• County: — inherits STATE
• City: — inherits STATE

Court of Common Pleas hears L&T; moderate-paced. No state rent control.

Methodology + full state rankings →

ZIP-level market 19933

• Home prices YoY: 0.4%
• Active inventory: 108
• Price-to-rent: 11.7×

Monthly cashflow live

• Estimated rent: $2,247 medium
• Mortgage (P&I): −$1,651
• Tax from tax record: −$123 /mo · $1,480/yr
• Insurance: −$131
• HOA: −$330
• Vacancy / Maint / Mgmt: −$472
• Net cashflow: $-461

Break-even live

Break-even rent $2,830

Max offer price $233,544

Occupancy floor —

Sensitivity live

Price	-10% $-282	-5% $-371	+0% $-461	+5% $-550	+10% $-639
Rent	-10% $-638	-5% $-549	+0% $-461	+5% $-372	+10% $-283
Rate	-1.0pp $-302	-0.5pp $-380	base $-461	+0.5pp $-542	+1.0pp $-625

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $78,725
• Closing costs: $9,447
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
23613 Linkside Dr Bridgeville, DE	3.0	2.0	1650	$2,000	$1.21	45d	1	0.46mi
377 Waterside Sq Bridgeville, DE	3.0	2.5	1253	$2,500	$2.00	45d	1	0.49mi
501 Branch Run Rd Bridgeville, DE	2.0–3.0	2.5–3.5	1635	$2,170	$1.33	15d	12	1.00mi

HOA detail

• Monthly dues: $330 · $3,960/yr
• Likely covers: pool

Listing history 35 events

1. 2026-06-22
   days on market $314,900 Active 10 DOM
2. 2026-06-21
   days on market $314,900 Active 9 DOM
3. 2026-06-21
   days on market $314,900 Active 8 DOM
4. 2026-06-18
   days on market $314,900 Active 6 DOM
5. 2026-06-17
   days on market $314,900 Active 5 DOM
6. 2026-06-16
   days on market $314,900 Active 4 DOM
7. 2026-06-15
   days on market $314,900 Active 3 DOM
8. 2026-06-13
   remarks 699-char remark
9. 2026-06-13
   pricedays on marketlisting id $314,900 Active 1 DOM
10. 2026-06-04
    days on market $319,900 Active 295 DOM
11. 2026-06-02
    days on market $319,900 Active 294 DOM
12. 2026-06-01
    days on market $319,900 Active 293 DOM
13. 2026-05-31
    days on market $319,900 Active 292 DOM
14. 2026-05-31
    days on market $319,900 Active 291 DOM
15. 2026-03-20
    price $319,900 1119-char remark
16. 2026-02-13
    price $323,900 1119-char remark
17. 2026-01-14
    price $324,900 1119-char remark
18. 2025-12-19
    price $334,900 1119-char remark
19. 2025-11-02
    price $344,900 1119-char remark
20. 2025-10-06
    price $349,900 1119-char remark
21. 2025-08-12
    listed $359,000 Active 1119-char remark
22. 2021-09-07
    soldstatus $281,840
23. 2021-09-02
    soldstatus $281,840 Closed 855-char remark

    Show marketing remark (855 chars)

    Flexible and open floor plan allows you to arrange rooms to suite your style whether you want a formal dining room or an open Great Room. Kitchen is open to entire space with upgraded White Cabinets, Stainless Steel appliances and granite counter tops. Home has 2 Bedrooms, 2 Baths and a separate laundry Room. Enjoy your morning coffee on your private patio just off the 9th hole of the golf course. Enjoy all that Heritage Shores has to offer: 24,000 sq. ft. Clubhouse, 18 hole Golf Course, indoor & outdoor Pools, Tennis & Pickle Ball Courts, Library & Computer Center, Billiard Room, Card & Game Rooms, Full Time Activities Director, Woodworking Shop, and the Sugar Beet Market, a place to Eat, Sip & Play. Heritage Shores has all the amenities and lifestyle any 55 & Better could ask for. Come for a visit and see!

24. 2021-07-07
    status Pending 855-char remark

    Show marketing remark (855 chars)

    Flexible and open floor plan allows you to arrange rooms to suite your style whether you want a formal dining room or an open Great Room. Kitchen is open to entire space with upgraded White Cabinets, Stainless Steel appliances and granite counter tops. Home has 2 Bedrooms, 2 Baths and a separate laundry Room. Enjoy your morning coffee on your private patio just off the 9th hole of the golf course. Enjoy all that Heritage Shores has to offer: 24,000 sq. ft. Clubhouse, 18 hole Golf Course, indoor & outdoor Pools, Tennis & Pickle Ball Courts, Library & Computer Center, Billiard Room, Card & Game Rooms, Full Time Activities Director, Woodworking Shop, and the Sugar Beet Market, a place to Eat, Sip & Play. Heritage Shores has all the amenities and lifestyle any 55 & Better could ask for. Come for a visit and see!

25. 2021-06-01
    price $289,900 855-char remark

    Show marketing remark (855 chars)

    Flexible and open floor plan allows you to arrange rooms to suite your style whether you want a formal dining room or an open Great Room. Kitchen is open to entire space with upgraded White Cabinets, Stainless Steel appliances and granite counter tops. Home has 2 Bedrooms, 2 Baths and a separate laundry Room. Enjoy your morning coffee on your private patio just off the 9th hole of the golf course. Enjoy all that Heritage Shores has to offer: 24,000 sq. ft. Clubhouse, 18 hole Golf Course, indoor & outdoor Pools, Tennis & Pickle Ball Courts, Library & Computer Center, Billiard Room, Card & Game Rooms, Full Time Activities Director, Woodworking Shop, and the Sugar Beet Market, a place to Eat, Sip & Play. Heritage Shores has all the amenities and lifestyle any 55 & Better could ask for. Come for a visit and see!

26. 2021-04-02
    listed $299,900 Active 855-char remark

    Show marketing remark (855 chars)

    Flexible and open floor plan allows you to arrange rooms to suite your style whether you want a formal dining room or an open Great Room. Kitchen is open to entire space with upgraded White Cabinets, Stainless Steel appliances and granite counter tops. Home has 2 Bedrooms, 2 Baths and a separate laundry Room. Enjoy your morning coffee on your private patio just off the 9th hole of the golf course. Enjoy all that Heritage Shores has to offer: 24,000 sq. ft. Clubhouse, 18 hole Golf Course, indoor & outdoor Pools, Tennis & Pickle Ball Courts, Library & Computer Center, Billiard Room, Card & Game Rooms, Full Time Activities Director, Woodworking Shop, and the Sugar Beet Market, a place to Eat, Sip & Play. Heritage Shores has all the amenities and lifestyle any 55 & Better could ask for. Come for a visit and see!

27. 2020-03-18
    historical
28. 2020-02-01
    listed $280,000 Active
29. 2018-03-15
    historical
30. 2017-12-15
    soldstatus $273,840
31. 2017-10-31
    historical
32. 2017-10-30
    historical
33. 2017-10-14
    listed $269,990
34. 2017-10-14
    listed $269,990
35. 2017-10-12
    listed $269,990

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast DE · Partial reset (capped growth)

• Current annual tax: $1,480 · $123/mo
• Projected year-2 tax: $1,653 · $138/mo
• Expected delta: +$173/yr (+$14/mo · 11.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 69% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,967
• − Mortgage interest: −$17,639
• − Property taxes: −$1,480
• − Insurance: −$1,574
• − Repairs & maintenance: −$2,157
• − Management: −$2,157
• − HOA: −$3,960
• − Depreciation: −$9,161
• Taxable loss: −$11,162
• Est. tax savings @ 24.0%: +$2,679
• After-tax cash flow: $-2,848/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Woodbridge School District
• NCES district ID: 1001850
• Math proficiency: 17% ▼ -14.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $48,711
• Composite: 22.28/100
• National rank: #8137
• State rank: #21 of 26 in DE

Livability — Bridgeville

• Score: 64/100
• State rank: #48
• US rank: #13807

Category grades

Amenities F Commute F Cost of living C+ Crime B Employment C Housing C+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bridgeville, DE
• City population: 11,409
• Population (ZIP): 11,409

Population outlook (Sussex County) Hauer SSP2

• Today (2025): 248,853 people
• By 2030: 264,464 · +6.3%
• By 2040: 290,980 · +16.9%
• By 2050: 311,259 · +25.1%
• By 2075: 352,488 · +41.6%
• By 2100: 367,406 · +47.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 52% Hispanic / Latino 22% Black 21% Two or more races 10%
• Hispanic origin (detail): Mexican 9% Puerto Rican 2%
• Common ancestry: Romanian 2% Hispanic 2% Slovak 1%
• Foreign-born: 10% · Canada
• Languages at home: 80% English-only · Spanish 16% French/Haitian/Cajun 3% Other Indo-European 1%

Political lean MEDSL · Sussex

• 2024 margin: R (+11.0) · D 43.9% · R 54.9% · Other 1.2%
• 2008→2024 swing: -2.4pp toward R · 2008: -8.6pp · 2024: -11.0pp
• All cycles: 2024: R+11.0 2020: R+11.2 2016: R+22.0 2012: R+13.0 2008: R+8.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.14%
• Current HPI: 283.0199
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+16.6% since first listed

23 events — show timeline

• 2026-06-12 Listed $314,900 BRIGHT MLS
• 2026-06-05 Listing Removed — BRIGHT MLS
• 2026-03-20 Price Changed $319,900 BRIGHT MLS
• 2026-02-13 Price Changed $323,900 BRIGHT MLS
• 2026-01-14 Price Changed $324,900 BRIGHT MLS
• 2025-12-19 Price Changed $334,900 BRIGHT MLS
• 2025-11-02 Price Changed $344,900 BRIGHT MLS
• 2025-10-06 Price Changed $349,900 BRIGHT MLS
• 2025-08-12 Listed $359,000 BRIGHT MLS
• 2021-09-07 Sold (Public Records) $281,840 Public Records
• 2021-09-02 Sold (MLS) $281,840 BRIGHT MLS
• 2021-07-07 Pending — BRIGHT MLS
• 2021-06-01 Price Changed $289,900 BRIGHT MLS
• 2021-04-02 Listed $299,900 BRIGHT MLS
• 2020-03-18 Listing Removed — BRIGHT MLS
• 2020-02-01 Listed $280,000 BRIGHT MLS
• 2018-03-15 Listing Removed — BRIGHT MLS
• 2017-12-15 Sold (MLS) $273,840 BRIGHT MLS
• 2017-10-31 Listing Removed — BRIGHT MLS
• 2017-10-30 Listing Removed — BRIGHT MLS
• 2017-10-14 Listed $269,990 BRIGHT MLS
• 2017-10-14 Listed $269,990 BRIGHT MLS
• 2017-10-12 Listed $269,990 BRIGHT MLS

Property tax history

+48.6%/yr

Latest (2025): $1,480 · +12.3% YoY. Source: county tax records.