NOT LISTED FOR SALE

120 Horsey Ave Laurel, DE 19956

Estimated Value: $316,000 - $517,000

4 Beds
2.5 Baths
2,720 Sq Ft
$139/Sq Ft Est. Value

Last Sold August 18, 2022

Last sale price $262,000 $96 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,069/month

105 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Traditional Architecture
  • No HOA
  • Creek or Stream View
  • Wood Flooring
  • Forced Air Heating and Cooling System

About This Home

As of August 2022

FOR SALE-Check out this 4BR/2.5BA creek front traditional 2 story, ready for your special decorative touches! Back yard views of adjoining Broad Creek with sights only nature can provide! Conveniently located outside the town limits of Laurel, but easy commute to Eastern and Western Shore Points! Property Sold As-is, In it's present, as-found condition! Seller will make no repairs, therefore, any buyer inspections are for informational purposes only and costs of which are borne by buyer. Any and all repairs must be completed after settlement. Property is Sold As-Is, As Found, No Warranties Expressed or Implied! For offer consideration, all offers must be accompanied by proof of funds to purchase. Escalation Clause's are NOT accepted by the seller.

Last Agent to Sell the Property

Tim Riale

(302) 684-1988 delmarvapropertysales@gmail.com RIALE REALTY License #RB-0002954 Listed on: 03/31/2022

Last Buyer's Agent

Jay Doaty

(484) 794-1263 jay@coastalresortsales.com Coastal Resort Sales and Rent License #RS-0026162

Coastal Resort Sales and Rent

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,336

Year Built

  • Built in 1990

Lot Details

  • 0.56 Acre Lot
  • Lot Dimensions are 120.00 x 206.00
  • 50 Feet of Waterfront
  • Home fronts navigable water
  • Creek or Stream
  • Vinyl Fence
  • Property is in average condition
  • Property is zoned AR-1

Home Design

  • Traditional Architecture
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 2,720 Sq Ft Home
  • Property has 2 Levels
  • Brick Fireplace
  • Creek or Stream Views
  • Crawl Space

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces

Outdoor Features

  • Water Access

Location

  • Flood Risk
  • Property is near a creek

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • 200+ Amp Service
  • Well
  • Electric Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association
  • Lake Pines Subdivision

Listing and Financial Details

  • Assessor Parcel Number 332-02.00-6.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,336

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Sussex De Quadrants: Between Rt 113 & 13
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1990
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Wood, Vinyl
  • Fireplace Features: Brick
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Hookup, Main Floor
  • Total Sq Ft: 2720
  • Living Area Sq Ft: 2720
  • Price Per Sq Ft: 99.23
  • Above Grade Finished Sq Ft: 2720
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Asphalt
  • Spa: No
  • View: Creek/Stream
  • Water Access: Yes
  • Water Body Name: BROAD CREEK
  • Water Body Type: Creek/Stream
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 50

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Propane - Leased
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Water Source: Well
  • Municipal Trash: No

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Fencing: Vinyl
  • Improvement Assessed Value: 23500.00
  • Land Assessed Value: 3300.00
  • Lot Size Acres: 0.56
  • Lot Dimensions: 120.00 x 206.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 24394.00
  • Property Condition: Average
  • Zoning: AR-1
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5186575
  • School Tax: 1217.00
  • Tax Annual Amount: 1336.00
  • Assessor Parcel Number: 332-02.00-6.00
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: LAUREL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2022
Closed on
Aug 18, 2022
Sold by
Jpmorgan Chase Bank National Association
Bought by
Palmeri Lauryn Megan and Palmeri Coryn
Seller's Agent
Tim Riale
RIALE REALTY
Buyer's Agent
Jay Doaty
Coastal Resort Sales and Rent
List Price
$269,910
Sold Price
$262,000
Premium/Discount to List
-$7,910
-2.93%
Current Estimated Value
$377,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,110
Avg. Annual Appreciation
11.67%
Original Mortgage
$160,000
Outstanding Balance
$152,709
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$224,401

Purchase Details

Closed on
Jan 9, 2020
Sold by
Lee Robert
Bought by
Jp Morgan Chase Bank Na
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Palmeri Lauryn Megan $262,000 Advantage Title
Palmeri Lauryn Megan $262,000 Advantage Title
Jp Morgan Chase Bank Na $148,609 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palmeri Lauryn Megan $160,000
Closed Palmeri Lauryn Megan $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2022 08/18/22 Sold $262,000 -2.9% $96 / Sq Ft
07/14/2022 07/14/22 Pending -- -- --
06/29/2022 06/29/22 For Sale $269,910 +3.0% $99 / Sq Ft
06/28/2022 06/28/22 Off Market $262,000 -- --
06/01/2022 06/01/22 Price Changed $269,910 -5.3% $99 / Sq Ft
05/05/2022 05/05/22 Price Changed $285,000 -5.0% $105 / Sq Ft
03/31/2022 03/31/22 For Sale $299,900 -- $110 / 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 $1,015 $26,800 $3,300 $23,500
2024 $1,410 $26,800 $3,300 $23,500
2023 $1,605 $26,800 $3,300 $23,500
2022 $1,348 $26,800 $3,300 $23,500
2021 $1,336 $26,800 $3,300 $23,500
2020 $1,370 $26,800 $3,300 $23,500
2019 $1,423 $26,800 $3,300 $23,500
2018 $1,550 $26,800 $0 $0
2017 $1,455 $26,800 $0 $0
2016 $1,595 $26,800 $0 $0
2015 $1,383 $26,800 $0 $0
2014 $1,232 $26,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2019166

Bright MLS

APN: 332-02.00-6.00