NOT LISTED FOR SALE

15 W Lake St Middletown, DE 19709

Estimated Value: $90,000 - $268,000

-- Bed
2 Baths
1,200 Sq Ft
$174/Sq Ft Est. Value

Last Sold June 30, 2017

Last sale price $52,000 $43 Per Sq Ft

Est. 301% increase in value since last sale

Current estimated payment $1,192/month

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Baseboard Heating
  • Silver Lake Elementary School Rated A-

About This Home

As of June 2017

This is a duplex. The building is vacant and is being sold in AS IS condition. There is a Condemnation sign on the building. The Town of Middletown Code Enforcement Dept placed the condemnation notice because there is a broken water line coming from the street to the building. The water is now shut off. Once the repair to the water line is complete and all violations are paid to the Town of Middletown, the condemnation notice will be removed. The water was bubbling up between the front of the house and the sidewalk. With tenants in the building, they had to condemn the building without water available to the tenants. There are 2 separate doors that lead to each unit. Those doors are boarded up and cannot be removed without the code enforcement officer present. We will not be showing the units. Please refer to the photos I took of the rooms in the building for reference. The unit on the ground floor has 2 bedrooms, 1 bath, and kitchen. The 2nd floor unit has 1 bedroom, 1 bath, and kitchen. There is oil heat for the first floor unit and electric baseboard heat for the 2nd floor unit. There is no warranty implied or written. Requires a $1500 deposit with the offers.

Last Agent to Sell the Property

Richard Marcus

(302) 275-4600 rimlmm123@gmail.com Partners Realty LLC License #RB-0002005 Listed on: 01/23/2017

Last Buyer's Agent

Richard Marcus

(302) 275-4600 rimlmm123@gmail.com Partners Realty LLC License #RB-0002005 Listed on: 01/23/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $694

Year Built

  • Built in 1900

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 50x125

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,200 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Driveway

Utilities

  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Operating Expense $694

Listing and Financial Details

  • Tax Lot 079
  • Assessor Parcel Number 23-005.00-079

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$694

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Basement
  • Year Built: 1900
  • Remarks Public: This is a duplex. The building is vacant and is being sold in AS IS condition. There is a Condemnation sign on the building. The Town of Middletown Code Enforcement Dept placed the condemnation notice because there is a broken water line coming from the street to the building. The water is now shut off. Once the repair to the water line is complete and all violations are paid to the Town of Middletown, the condemnation notice will be removed. The water was bubbling up between the front of the house and the sidewalk. With tenants in the building, they had to condemn the building without water available to the tenants. There are 2 separate doors that lead to each unit. Those doors are boarded up and cannot be removed without the code enforcement officer present. We will not be showing the units. Please refer to the photos I took of the rooms in the building for reference. The unit on the ground floor has 2 bedrooms, 1 bath, and kitchen. The 2nd floor unit has 1 bedroom, 1 bath, and kitchen. There is oil heat for the first floor unit and electric baseboard heat for the 2nd floor unit. There is no warranty implied or written. Requires a $1500 deposit with the offers.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Entry Location: Private
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 1200
  • Living Area Sq Ft: 1200
  • Price Per Sq Ft: 41.58
  • Above Grade Finished Sq Ft: 1200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 15

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Sidewalks
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil, Electric
  • Heating Type: Oil, Electric, Hot Water, Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: APPOQUINIMINK
  • School District Key: 300200396893

Lot Info

  • Improvement Assessed Value: 22200.00
  • Land Assessed Value: 4700.00
  • Lot Size Acres: 0.09
  • Lot Dimensions: 50X125
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3920.00
  • Property Attached Yn: Yes
  • Zoning: 23R-2

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2382240
  • Tax Annual Amount: 694.00
  • Assessor Parcel Number: 23-005.00-079
  • Tax Lot: 079
  • Tax Year: 2016
  • Close Date: 06/30/2017

MLS Schools

  • School District Name: APPOQUINIMINK

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2017
Closed on
Jun 29, 2017
Sold by
Wilmington Savings Fund Society Fsb
Bought by
Patel Parin D and Patel Sonali P
Seller's Agent
Richard Marcus
Partners Realty LLC
Buyer's Agent
Richard Marcus
Partners Realty LLC
List Price
$49,900
Sold Price
$52,000
Premium/Discount to List
$2,100
4.21%
Current Estimated Value
$208,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,390
Avg. Annual Appreciation
18.32%

Purchase Details

Closed on
Apr 19, 2017
Sold by
Mccoy Shaun D and King Steven J
Bought by
Wilmington Savings Fund Society Fsb

Purchase Details

Closed on
May 12, 2008
Sold by
Smk Investments Llc Series B
Bought by
Appoquinimink Development Inc

Purchase Details

Closed on
Oct 10, 2007
Sold by
King Steven J and Mccoy Shaun
Bought by
Smk Investments Llc Series B

Purchase Details

Closed on
Dec 21, 2006
Sold by
Appoquinimink Development Inc
Bought by
King Steven J and Mccoy Shaun
Source: Public Records

Range of Values:

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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
Patel Parin D $52,000 None Available
Wilmington Savings Fund Society Fsb $76,500 None Available
Appoquinimink Development Inc -- None Available
Smk Investments Llc Series B -- None Available
King Steven J $30,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2017 06/30/17 Sold $52,000 +4.2% $43 / Sq Ft
02/18/2017 02/18/17 Price Changed $49,900 0.0% $42 / Sq Ft
02/01/2017 02/01/17 Pending -- -- --
01/23/2017 01/23/17 For Sale $49,900 -- $42 / 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 $1,039 $28,200 $4,700 $23,500
2023 $85 $28,200 $4,700 $23,500
2022 $867 $28,200 $4,700 $23,500
2021 $848 $28,200 $4,700 $23,500
2020 $838 $28,200 $4,700 $23,500
2019 $741 $28,200 $4,700 $23,500
2018 $709 $26,900 $4,700 $22,200
2017 $683 $26,900 $4,700 $22,200
2016 $613 $26,900 $4,700 $22,200
2015 $674 $26,900 $4,700 $22,200
2014 $672 $26,900 $4,700 $22,200
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Richard Marcus

    Partners Realty LLC

    (302) 275-4600

    2 in this area

    32 Total Sales

    Richard Marcus
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Map

Source: Bright MLS

MLS Number: 1000059676

Bright MLS

APN: 23-005.00-079

Delaware New Castle County Middletown 19709

15 W Lake St, Middletown, DE

This home is located at 15 W Lake St, Middletown, DE 19709 since 23 January 2017 and is currently estimated at $208,390, approximately $173 per square foot. This property was built in 1900. 15 W Lake St is a home located in New Castle County with nearby schools including Silver Lake Elementary School, Louis L. Redding Middle School, and Appoquinimink High School.

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