397 Waterway Dr
Frederica, DE 19946
3 bd 3 ba 1,908 sqft Built 2015 Lot 5,227 sqft townhomes
Most recent sale
$300,000
Mar 2, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 2, 2022 | Sold | $300,000 | MLS #DEKT2006740 |
| Jan 21, 2022 | Listed | $299,000 | MLS #DEKT2006740 |
| Nov 10, 2015 | Sold | $189,900 | MLS #6597207 |
| Jun 22, 2015 | Listed | $189,900 | MLS #6597207 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $231,300 | $57,700 | $289,000 | $662 |
| 2024 | $231,300 | $57,700 | $289,000 | $683 |
| 2023 | $41,500 | $3,900 | $45,400 | $645 |
| 2022 | $41,500 | $3,900 | $45,400 | $494 |
| 2021 | $41,500 | $3,900 | $45,400 | $1,014 |
| 2020 | $41,500 | $3,900 | $45,400 | $1,022 |
| 2019 | $41,500 | $3,900 | $45,400 | $1,027 |
| 2018 | $41,500 | $3,900 | $45,400 | $1,031 |
| 2017 | $41,500 | $3,900 | $45,400 | $1,041 |
| 2016 | $41,500 | $3,900 | $45,400 | $1,105 |
| 2015 | — | $400 | $400 | $7 |
| 2014 | — | $400 | $400 | $7 |
| 2013 | — | $400 | $400 | $7 |
| 2012 | — | $400 | $400 | $7 |
| 2011 | — | — | $400 | $7 |
| 2010 | — | $400 | $400 | $7 |
| 2009 | — | — | $400 | $7 |
| 2008 | — | — | $400 | $6 |
Property facts
Year built
2015
Property type
townhomes
Stories
2
Beds
3
Baths
3
Living area
1,908 sqft
Lot size
5,227 sqft
ZIP code
19946
City
Frederica
Street
Waterway Dr
Coordinates
39.00131, -75.45754
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,862
Gross rental yield
11.45%
Implied cap rate
7.44%
Trend-extrapolated value
—
Frequently asked questions
When did 397 Waterway Dr last sell?
397 Waterway Dr most recently sold on Mar 2, 2022 for $300,000.
What is the current tax assessment for 397 Waterway Dr?
The most recent total assessment for 397 Waterway Dr (year 2025) is $289,000 with $662 in property tax.
How does 397 Waterway Dr's assessment compare to its last sale price?
The current assessment is 3.7% below the last sale price of $300,000.
When was 397 Waterway Dr built?
397 Waterway Dr was built in 2015.
How does 397 Waterway Dr compare to others on Waterway Dr?
We track 8 other properties on Waterway Dr. Browse the list under "Other properties on Waterway Dr" to compare beds, baths, and sale history.
What are the property facts for 397 Waterway Dr?
397 Waterway Dr is a 3 bed, 3 bath, 1,908 sqft, 5,227 sqft lot townhomes.
Is 397 Waterway Dr a flip candidate?
No — 397 Waterway Dr does not appear in our flips dataset.
Is 397 Waterway Dr a tax-appeal candidate?
No — 397 Waterway Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+8.7%
Implied 1-yr
+34.7%
2026 Q2
$594K
2026 Q3
$626.9K
ZIP 19946 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Waterway Dr