NOT LISTED FOR SALE

205 E State St Del Mar, DE 19940

Estimated Value: $192,199

-- Bed
2 Baths
2,200 Sq Ft
$87/Sq Ft Est. Value

Last Sold February 26, 2018

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

Est. 87% increase in value since last sale

Current estimated payment $1,093/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 Listed By

James (David) Baugh

Keller Williams Realty Listed on: 03/19/2017

Keller Williams Realty

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
  • Remarks Public: 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.
  • 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 Count: 9
  • 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
  • Street Number Modifier: 205

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

Schools

  • School District: DELMAR
  • School District Key: 300200397427

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
  • Close Date: 02/26/2018

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
Total Days on Market
302
Current Estimated Value
$192,199

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
9.04%
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

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
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
Open Ignition Interlock Llc $196,000
Previous Owner Brooks-Ward Justin E $77,250
Previous Owner Moyer Patrick D $49,800
Previous Owner Moyer Patrick D $210,000
Previous Owner Moyer Patrick D $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

    77 Total Sales

    James (David) Baugh
    Section Image
  • Shelby Smith

    Buyer's Agent in 2018

    Shelby Smith

    Long & Foster

    (856) 236-0469

    164 Total Sales

    Shelby Smith
    Section Image
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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

Homes for Sale in Del Mar, DE

This home is located at 205 E State St, Del Mar, DE 19940 since 19 March 2017 and is currently priced at $192,199, approximately $87 per square foot. This property was built in 1937. 205 E State St is a home located in Sussex County with nearby schools including Delmar Middle School, Delmar Elementary School, and Delmar High School.

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