NOT LISTED FOR SALE

205 E State St Del Mar, DE 19940

Estimated Value: $202,528 - $326,000

-- Bed
2 Baths
2,200 Sq Ft
$113/Sq Ft Est. Value

Last Sold February 26, 2018

Last sale price $103,000 $47 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $1,376/month

302 Days on Market

Highlights

  • Main Floor Bedroom
  • No HOA
  • Eat-In Kitchen
  • Attic
  • Porch
  • Living Room

About This Home

As of February 2018

This is a great opportunity for investment! The units have been well maintained by owner and current tenants are current on rent. Unit A brings rents for $850/mo and unit B rents for $900/mo in rent. This property is priced to sell with a high return of residual income for someone looking to invest.

Last Agent to Sell the Property

James (David) Baugh

(302) 898-3656 davidb4htr@gmail.com Keller Williams Realty Listed on: 03/19/2017

Keller Williams Realty

Last Buyer's Agent

Shelby Smith

(856) 236-0469 Shelby@SeasideSeven.com Long & Foster Real Estate, Inc. License #RS-0024052

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,513

Year Built

  • Built in 1937

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 145 x 60
  • Cleared Lot

Home Design

  • Duplex
  • Block Foundation
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • Main Floor Bedroom
  • 2,200 Sq Ft Home
  • Insulated Windows
  • Living Room
  • Dining Room
  • Crawl Space
  • Storm Doors
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Range Hood

Flooring

  • Carpet
  • Tile or Brick
  • Vinyl

Laundry

  • Laundry Room
  • Washer
  • Gas Dryer

Parking

  • 4 Open Parking Spaces
  • 3 Parking Spaces Included
  • Gravel Driveway

Outdoor Features

  • Outbuilding
  • Porch

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 532-20.14-219.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,513

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Sussex De Quadrants: West of Rt 13
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1937
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer - Gas, Oven/Range - Gas, Range Hood, Refrigerator, Washer, Water Heater
  • Flooring Type: Carpet, Tile/Brick, Vinyl
  • Interior Amenities: Attic, Kitchen - Eat-In, Entry Level Bedroom
  • Window Features: Insulated
  • Fireplace: No
  • Door Features: Storm
  • Foundation Details: Block, Crawl Space
  • Level Count: 2
  • Room List: Living Room, Dining Room, Kitchen, Laundry, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2200
  • Living Area Sq Ft: 2200
  • Net Sq Ft: 2200.00
  • Price Per Sq Ft: 50.00
  • Above Grade Finished Sq Ft: 2200
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Construction Completed: Yes
  • Exterior Features: Outbuilding(s)
  • Roof: Architectural Shingle
  • 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: 4
  • Parking Features: Gravel Driveway
  • Number Of Parking Spaces Included: 3+ Car Parking

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Lot Info

  • Lot Features: Cleared
  • Lot Size Acres: 0.19
  • Lot Dimensions: 145 x 60
  • Lot Size Units: Acres
  • Lot Sq Ft: 8276.00
  • Outdoor Living Structures: Porch(es)
  • Zoning Description: GENERAL RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5231583
  • Tax Annual Amount: 1513.00
  • Assessor Parcel Number: 532-20.14-219.00
  • County Tax Payment Frequency: Annually

Multi Family

  • Income Expense List: Total Tax Bill

MLS Schools

  • School District Name: DELMAR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2020
Sold by
Calder Holdings Llc
Bought by
Ignition Interlock Llc
Current Estimated Value
$249,382

Purchase Details

Listed on
Mar 19, 2017
Closed on
Feb 26, 2018
Sold by
Moyer Patrick D and Moyer Rebecca S
Bought by
Brooks-Ward Justin E
Seller's Agent
James (David) Baugh
Keller Williams Realty
Buyer's Agent
Shelby Smith
Long & Foster Real Estate, Inc.
List Price
$110,000
Sold Price
$103,000
Premium/Discount to List
-$7,000
-6.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.04%
Original Mortgage
$77,250
Interest Rate
4.15%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 29, 2002
Bought by
Moyer Patrick D and Moyer Rebecca S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Ignition Interlock Llc $105,000 None Available
Brooks-Ward Justin E $103,000 --
Moyer Patrick D $59,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brooks-Ward Justin E $77,250
Previous Owner Moyer Patrick D $49,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2018 02/26/18 Sold $103,000 -6.4% $47 / Sq Ft
01/15/2018 01/15/18 Pending -- -- --
03/19/2017 03/19/17 For Sale $110,000 -- $50 / 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 $773 $6,700 $600 $6,100
2024 $338 $6,700 $600 $6,100
2023 $333 $6,700 $600 $6,100
2022 $323 $6,700 $600 $6,100
2021 $344 $6,700 $600 $6,100
2020 $331 $6,700 $600 $6,100
2019 $329 $6,700 $600 $6,100
2018 $331 $6,700 $0 $0
2017 $331 $6,700 $0 $0
2016 $330 $6,700 $0 $0
2015 $344 $6,700 $0 $0
2014 $292 $6,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James (David) Baugh

    Seller's Agent in 2018

    James (David) Baugh

    Keller Williams Realty

    (302) 898-3656

    1 in this area

    68 Total Sales

    James (David) Baugh
    Section Image
  • Shelby Smith

    Buyer's Agent in 2018

    Shelby Smith

    Long & Foster

    (856) 236-0469

    128 Total Sales

    Shelby Smith
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001027178

Bright MLS

APN: 532-20.14-219.00

Delaware Sussex County Delmar 19940

205 E State St, Delmar, DE

Not Listed for Sale

MultiFamily

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