NOT LISTED FOR SALE

1 Front St Frederica, DE 19946

Estimated Value: $275,000 - $348,000

-- Bed
3 Baths
3,330 Sq Ft
$95/Sq Ft Est. Value

Last Sold January 31, 2022

Last sale price $134,000 $40 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $1,776/month

About This Home

As of January 2022

2, 3-bedroom, 1 bath residential units in downtown Frederica. Both units are occupied and currently rent for a combined 1950.00. The property has had upgrades and has a rental potential of 26k plus per year. Both units are currently occupied on a month-to-month lease. Interested buyers are encouraged to review the listing for 1 N Market St also. The same owner is presented on both properties and a seller's discount would be considered.

Last Agent to Sell the Property

Eric Buckson

(302) 943-2832 bucksonrealtor@gmail.com Century 21 Harrington Realty, Inc License #RS0036937 Listed on: 12/04/2021

Century 21 Harrington Realty, Inc

Last Buyer's Agent

Jill Sussman

(302) 399-9129 info@myskyrealty.com Sky Realty License #5756409

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $864

Year Built

  • Built in 1800

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 70.40 x 111.92

Parking

  • On-Street Parking

Home Design

  • 3,330 Sq Ft Home
  • Aluminum Siding

Utilities

  • Central Air
  • Cooling System Utilizes Natural Gas
  • Electric Baseboard Heater
  • Propane Water Heater

Listing and Financial Details

  • Tax Lot 5100-000
  • Assessor Parcel Number SM-08-14106-02-5100-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$864

Year Built

Built in 1800

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Over Storefront
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2021-12-04
  • Year Built: 1800
  • Automatically Close On Close Date: No
  • Remarks Public: 2, 3-bedroom, 1 bath residential units in downtown Frederica. Both units are occupied and currently rent for a combined 1950.00. The property has had upgrades and has a rental potential of 26k plus per year. Both units are currently occupied on a month-to-month lease. Interested buyers are encouraged to review the listing for 1 N Market St also. The same owner is presented on both properties and a seller's discount would be considered.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 3330
  • Living Area Sq Ft: 3330
  • Price Per Sq Ft: 44.74
  • Above Grade Finished Sq Ft: 3330
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: LAKE FOREST
  • School District Key: 300200396886
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 70.40 x 111.92
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6098.00
  • Year Assessed: 2021
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2479881
  • School Tax: 441.00
  • Tax Annual Amount: 864.00
  • Assessor Parcel Number: SM-08-14106-02-5100-000
  • Tax Lot: 5100-000
  • Tax Total Finished Sq Ft: 3330
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 01/31/2022

MLS Schools

  • School District Name: LAKE FOREST

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2021
Closed on
Jan 31, 2022
Sold by
Giles-Brown Terrena D
Bought by
Bea Light Llc
Seller's Agent
Eric Buckson
Century 21 Harrington Realty, Inc
Buyer's Agent
Jill Sussman
Sky Realty
List Price
$149,000
Sold Price
$134,000
Premium/Discount to List
-$15,000
-10.07%
Current Estimated Value
$317,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,303
Avg. Annual Appreciation
26.56%
Original Mortgage
$193,000
Interest Rate
5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 12, 2005
Sold by
Shifflett Stuart E and Shifflett Joyce M
Bought by
Crews Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,400
Interest Rate
8.68%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Bea Light Llc $218,000 Huson Jones Jaywork & Fisher L
Crews Steve $126,200 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bea Light Llc $193,000
Previous Owner Crews Steve $113,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2022 01/31/22 Sold $134,000 -10.1% $40 / Sq Ft
12/14/2021 12/14/21 Pending -- -- --
12/04/2021 12/04/21 For Sale $149,000 0.0% $45 / Sq Ft
12/03/2021 12/03/21 Price Changed $149,000 -- $45 / 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
2025 $1,124 $313,400 $47,600 $265,800
2024 $1,124 $313,400 $47,600 $265,800
2023 $611 $26,200 $4,100 $22,100
2022 $551 $26,200 $4,100 $22,100
2021 $530 $26,700 $4,100 $22,600
2020 $554 $26,700 $4,100 $22,600
2019 $554 $26,700 $4,100 $22,600
2018 $548 $26,700 $4,100 $22,600
2017 $571 $26,700 $0 $0
2016 $522 $26,700 $0 $0
2015 -- $26,700 $0 $0
2014 -- $26,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DEKT2005058

Bright MLS

APN: 8-08-14106-02-5100-000