NOT LISTED FOR SALE

1 Franklin Dr Middletown, DE 19709

Estimated Value: $309,000 - $343,000

3 Beds
1.5 Baths
1,980 Sq Ft
$167/Sq Ft Est. Value

Last Sold December 11, 2020

Last sale price $175,000 $88 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $1,916/month

Highlights

  • Colonial Architecture
  • Deck
  • No HOA
  • Silver Lake Elementary School Rated A-
  • Corner Lot
  • Eat-In Kitchen

About This Home

As of December 2020

CALLING ALL INVESTORS!! Great location for this investment property. This end-unit townhouse has three bedrooms, 1.1 bath. The basement is finished with easy walk out access. Fenced yard and off-street parking. Easy access to local shops, restaurants and bus transportation. The property is currently occupied by a long-term tenant paying $1,250 a month plus utilities. Lease agreement thru May 31, 2021, but would like to stay longer. The property is currently being managed through Bear Property Management, LLC. This property is being sold in 'as-is' condition by the seller. All inspections are for informational purposes. No repairs to be made.

Last Agent to Sell the Property

Moses Nanga

(302) 373-8167 monangahunt@aol.com Iron Valley Real Estate at The Beach Listed on: 10/05/2020

Iron Valley Real Estate at The Beach

Last Buyer's Agent

Moses Nanga

(302) 373-8167 monangahunt@aol.com Iron Valley Real Estate at The Beach Listed on: 10/05/2020

Iron Valley Real Estate at The Beach

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,790

Year Built

  • Built in 1996

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 54.40 x 140.00
  • Split Rail Fence
  • Level Lot
  • Back, Front, and Side Yard
  • Property is in good condition

Home Design

  • Colonial Architecture
  • Shingle Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • Property has 2 Levels
  • Ceiling Fan
  • Sliding Doors
  • Family Room
  • Living Room
  • Dining Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Electric Dryer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Exterior Basement Entry
  • Sump Pump
  • Laundry in Basement
  • Basement with some natural light

Home Security

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces
  • Off-Street Parking

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Natural Gas Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 162
  • Assessor Parcel Number 23-004.00-162

Community Details

Overview

  • No Home Owners Association
  • Millbranch At Greenlawn Subdivision

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,790

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Tenant's Personal Property.
  • Inclusions: All appliances in "as-is" condition
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1996
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Dryer - Electric, Microwave, Oven/Range - Gas, Refrigerator
  • Flooring Type: Carpet, Ceramic Tile, Vinyl
  • Interior Amenities: Carpet, Ceiling Fan(s), Kitchen - Eat-In, Walk-In Closet(s)
  • Fireplace: No
  • Door Features: Sliding Glass
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry
  • Basement: Yes
  • Basement Type: Full, Daylight, Partial, Outside Entrance, Partially Finished, Sump Pump, Walkout Stairs
  • Basement Finished Percent: 50.00
  • Laundry Type: Basement
  • Total Sq Ft: 1980
  • Living Area Sq Ft: 1980
  • Price Per Sq Ft: 112.12
  • Above Grade Finished Sq Ft: 1650
  • Below Grade Finished Sq Ft: 330
  • Total Below Grade Sq Ft: 330
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Aluminum Siding
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Off Street
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Heat Pump(s), Central, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Phone Connected, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: APPOQUINIMINK
  • School District Key: 300200396893
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Fencing: Split Rail
  • Lot Features: Corner, Front Yard, Level, Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.16
  • Lot Dimensions: 54.40 x 140.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6970.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Good
  • Soil Types: Unknown
  • Year Assessed: 2020
  • Zoning: 23R-3
  • In City Limits: Yes

Rental Info

  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • School Tax: 1461.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1790.00
  • Assessor Parcel Number: 23-004.00-162
  • Tax Lot: 162
  • Tax Total Finished Sq Ft: 1980
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 12/11/2020

MLS Schools

  • School District Name: APPOQUINIMINK

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2020
Closed on
Dec 18, 2020
Sold by
G & S Management Llc
Bought by
Ellis Elizabeth and Ellis Michael
Seller's Agent
Moses Nanga
Iron Valley Real Estate at The Beach
Buyer's Agent
Moses Nanga
Iron Valley Real Estate at The Beach
List Price
$185,000
Sold Price
$175,000
Premium/Discount to List
-$10,000
-5.41%
Current Estimated Value
$329,793

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,793
Avg. Annual Appreciation
14.08%
Original Mortgage
$140,000
Outstanding Balance
$124,642
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$205,151

Purchase Details

Listed on
Mar 3, 2014
Closed on
Sep 16, 2014
Bought by
G & S Management Llc
Seller's Agent
Jacqueline Roark
Tesla Realty Group, LLC
Buyer's Agent
Moses Nanga
Iron Valley Real Estate at The Beach
List Price
$114,000
Sold Price
$120,500
Premium/Discount to List
$6,500
5.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.04%
Original Mortgage
$90,375
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 3, 2014
Closed on
Aug 22, 2014
Sold by
M & T Bank
Bought by
Guzman Franco
Seller's Agent
Jacqueline Roark
Tesla Realty Group, LLC
Buyer's Agent
Moses Nanga
Iron Valley Real Estate at The Beach
List Price
$114,000
Sold Price
$120,500
Premium/Discount to List
$6,500
5.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,375
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2014
Sold by
Smith William D
Bought by
M & T Bank

Purchase Details

Closed on
Sep 16, 2005
Sold by
Money Sally A and Downs Sally A
Bought by
Smith William D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.84%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 27, 2001
Sold by
Money Sally A and Money Scott C
Bought by
Money Sally A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,500
Interest Rate
6.64%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ellis Elizabeth -- None Available
G & S Management Llc -- --
Guzman Franco $120,500 Campus Title Company Llc
M & T Bank $177,281 None Available
Smith William D $175,000 --
Money Sally A -- Millennium Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ellis Elizabeth $140,000
Previous Owner Guzman Franco $90,375
Previous Owner Smith William D $175,000
Previous Owner Money Sally A $110,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2020 12/11/20 Sold $175,000 -5.4% $88 / Sq Ft
10/22/2020 10/22/20 Pending -- -- --
10/05/2020 10/05/20 For Sale $185,000 +53.5% $93 / Sq Ft
08/04/2014 08/04/14 Sold $120,500 +5.7% $73 / Sq Ft
07/17/2014 07/17/14 Pending -- -- --
06/04/2014 06/04/14 For Sale $114,000 -5.4% $69 / Sq Ft
06/02/2014 06/02/14 Off Market $120,500 -- --
05/13/2014 05/13/14 For Sale $114,000 0.0% $69 / Sq Ft
03/29/2014 03/29/14 Pending -- -- --
03/03/2014 03/03/14 For Sale $114,000 -- $69 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,015 $54,700 $14,500 $40,200
2023 $164 $54,700 $14,500 $40,200
2022 $1,682 $54,700 $14,500 $40,200
2021 $1,645 $54,700 $14,500 $40,200
2020 $1,626 $54,700 $14,500 $40,200
2019 $1,670 $54,700 $14,500 $40,200
2018 $1,442 $54,700 $14,500 $40,200
2017 $164 $54,700 $14,500 $40,200
2016 $1,247 $54,700 $14,500 $40,200
2015 $1,206 $54,700 $14,500 $40,200
2014 $164 $54,700 $14,500 $40,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC510520

Bright MLS

APN: 23-004.00-162