NOT LISTED FOR SALE

112 S Queen St Dover, DE 19904

Estimated Value: $197,000 - $317,000

Studio
3 Baths
1,790 Sq Ft
$142/Sq Ft Est. Value

Last Sold May 06, 2021

Last sale price $118,000 $66 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $1,432/month

42 Days on Market

Highlights

  • A-Frame Home
  • Central Air
  • Electric Baseboard Heater
  • No HOA

About This Home

As of May 2021

Priced to sell quickly in "AS IS" condition. This property had been rented to Section 8 tenants recently and had successful Section 8 inspections. Rents are: $605 for one bedroom unit; $700 each for 3 bedroom units. All tenants were given notice to vacate by 12/31/20 so new owner can do any improvements, raise rents and find their preferred tenants. Current owner has had no problem collection rents or Section 8 funds for years although no formal rent roll is available for review. Great return on investment is coming your way!!

Last Agent to Sell the Property

Audrey Brodie

(302) 677-0770 audrey@delawarerealestateexperts.com First Class Properties License #RB-0020412 Listed on: 12/08/2020

Last Buyer's Agent

Heather McKinney

(302) 678-4300 steve@delawarerealestate.com RE/MAX Horizons License #RS-0036533

RE/MAX Horizons

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $913

Year Built

  • Built in 1925

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50.00 x 150.00

Parking

  • Off-Street Parking

Home Design

  • 1,790 Sq Ft Home
  • Triplex
  • A-Frame Home
  • Shingle Roof
  • Aluminum Siding

Utilities

  • Central Air
  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash

Additional Features

  • Finished Basement

Listing and Financial Details

  • Tax Lot 6800-000
  • Assessor Parcel Number ED-05-07612-02-6800-000

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 2-Story Building

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$913

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: A-Frame
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Expected On Market: 2020-12-08
  • Year Built: 1925
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 1790
  • Living Area Sq Ft: 1790
  • Price Per Sq Ft: 69.83
  • Above Grade Finished Sq Ft: 1790
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.17
  • Lot Dimensions: 50.00 x 150.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7500.00
  • Zoning: RG1
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Rent Control: No
  • Total Actual Rent: 24600.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2436911
  • School Tax: 453.00
  • Tax Annual Amount: 913.00
  • Assessor Parcel Number: ED-05-07612-02-6800-000
  • Tax Lot: 6800-000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Number Of Units Vacant: 1
  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: CAPITAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2020
Closed on
May 5, 2021
Sold by
Bennie L Smith Real Estate Llc
Bought by
Eldred Jackline
Seller's Agent
Audrey Brodie
First Class Properties
Buyer's Agent
Heather McKinney
RE/MAX Horizons
List Price
$125,000
Sold Price
$118,000
Premium/Discount to List
-$7,000
-5.6%
Current Estimated Value
$255,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,534
Avg. Annual Appreciation
17.42%
Original Mortgage
$236,606
Outstanding Balance
$214,424
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$40,227

Purchase Details

Closed on
Jun 1, 2016
Sold by
Smith Bennie L and Smith Shirley M
Bought by
Bennie L Smith Real Estate Llc
Source: Public Records
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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
Eldred Jackline $118,000 None Available
Eldred Jackline $118,000 None Listed On Document
Bennie L Smith Real Estate Llc -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eldred Jackline $236,606
Closed Eldred Jackline $236,606
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2021 05/06/21 Sold $118,000 -5.6% $66 / Sq Ft
01/19/2021 01/19/21 Pending -- -- --
01/13/2021 01/13/21 For Sale $125,000 0.0% $70 / Sq Ft
12/23/2020 12/23/20 Pending -- -- --
12/08/2020 12/08/20 For Sale $125,000 -- $70 / Sq Ft
Source: Bright MLS

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 $1,266 $215,400 $40,400 $175,000
2024 $1,223 $215,400 $40,400 $175,000
2023 $701 $23,800 $3,600 $20,200
2022 $626 $22,000 $3,600 $18,400
2021 $529 $19,300 $3,600 $15,700
2020 $511 $19,300 $3,600 $15,700
2019 $483 $19,300 $3,600 $15,700
2018 $441 $19,300 $3,600 $15,700
2017 $433 $19,300 $0 $0
2016 $435 $19,300 $0 $0
2015 $653 $19,300 $0 $0
2014 $635 $19,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DEKT244688

Bright MLS

APN: 2-05-07612-02-6800-000

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