NOT LISTED FOR SALE

Estimated Value: $203,000 - $256,000

Studio
3 Baths
1,856 Sq Ft
$120/Sq Ft Est. Value

Sale Details

Date Sold: July 25, 2017

Last sale price $105,000 $57 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $1,332 / mo

83 Days on Market

Highlights

  • Farmhouse Style Home
  • No HOA
  • Asbestos
  • Corner Lot
  • Baseboard Heating

About This Home

As of July 2017

GREAT INVESTMENT! 3 unit triplex being offered at a great cap rate even after accommodating for debt service, vacancy rate, utilities, taxes, insurance, maintenance, and all other expenses including capital improvements!! Units are leased month to month and have good rental history. Security deposits will convey with the sale and transfer at settlement. The most recent rental inspection by the Town of Delmar was in Dec 2016 with no failing items. Units are lead paint certified as well. Apt A: (Downstairs/Rear, enter through left side porch) $550.00 per month; Apt B: (Upstairs, enter through front porch door): $600.00 per month; Apt C: (Downstairs/Front, enter through left side porch) $500.00 per month = $1650/mo income!

Last Agent to Sell the Property

Donna Harrington

(410) 543-4545 greg.goldman@cbmove.com Coldwell Banker Realty License #RS-0019461 Listed on: 03/21/2017

Coldwell Banker Realty

Last Buyer's Agent

Zackary Keenan

(302) 846-7839 steve@srarealty.com Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 10,454 Sq Ft Lot
  • Corner Lot
  • Cleared Lot

Home Design

  • Farmhouse Style Home
  • Architectural Shingle Roof
  • Asbestos

Interior Spaces

  • 1,856 Sq Ft Home
  • Crawl Space
  • Storage In Attic

Utilities

  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, heat, insurance
  • The owner pays for insurance, lawn/shrub care, sewer, real estate taxes, trash collection, water
  • Assessor Parcel Number 011578

Community Details

Overview

  • No Home Owners Association
  • 2-Story Building

Building Details

  • Insurance Expense $671

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Farmhouse/National Folk
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Storage: Attic
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation Details: Other, Crawl Space
  • Basement: No
  • Total Sq Ft: 1856
  • Net Sq Ft: 1856.00

Exterior Features

  • Construction Materials: Asbestos
  • Construction Completed: No
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1283.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Lot Features: Cleared, Corner
  • Lot Size Acres: 0.24
  • Lot Dimensions: 10,500
  • Zoning Description: R1
  • In City Limits: Yes

Rental Info

  • Lease In Effect: Yes
  • Owner Pays: Insurance, Lawn/Shrub Care, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Tenant Pays: Utilities - All, Cable Tv, Electricity, Heat, Insurance
  • Total Actual Rent: 19800.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 011578
  • County Tax Payment Frequency: Annually

Multi Family

  • Gross Income: 19800.00

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2017
Closed on
Jul 25, 2017
Sold by
Bought by
Seller's Agent
Donna Harrington
Coldwell Banker Realty
Buyer's Agent
Zackary Keenan
Keller Williams Realty
List Price
$109,900
Sold Price
$105,000
Premium/Discount to List
-$4,900
-4.46%
Current Estimated Value
$223,340

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,340
Avg. Annual Appreciation
8.74%
Original Mortgage
$88,000
Interest Rate
0.0388%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 18, 2010
Sold by
Bought by

Purchase Details

Closed on
Aug 31, 2009
Sold by
Bought by

Purchase Details

Closed on
Oct 7, 2004
Sold by
Bought by

Purchase Details

Closed on
Apr 5, 2004
Sold by
Bought by

Purchase Details

Closed on
Nov 5, 2003
Sold by
Bought by

Purchase Details

Closed on
Jan 4, 2002
Sold by
Bought by

Purchase Details

Closed on
Aug 16, 1996
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$105,000 Mid Atlantic Title & Escrow
$50,200 --
$68,200 --
$132,500 --
-- --
$120,000 --
$33,000 --
$30,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $88,000
Previous Owner $135,150
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/25/2017 07/25/17 Sold $105,000 -4.5% $57 / Sq Ft
06/12/2017 06/12/17 Pending -- -- --
03/21/2017 03/21/17 For Sale $109,900 -- $59 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,374 $150,333 $0 $0
2024 $1,277 $133,167 $0 $0
2023 $1,147 $116,000 $22,600 $93,400
2022 $1,147 $112,600 $0 $0
2021 $1,116 $109,200 $0 $0
2020 $1,091 $105,800 $22,600 $83,200
2019 $1,013 $96,833 $0 $0
2018 $924 $87,867 $0 $0
2017 $830 $78,900 $0 $0
2016 -- $78,400 $0 $0
2015 $856 $77,900 $0 $0
2014 $856 $77,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001849112

Bright MLS

APN: 11-011578

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