NOT LISTED FOR SALE

22 E Mount Vernon St Smyrna, DE 19977

Estimated Value: $239,000 - $260,081

1 Bed
1 Bath
1,171 Sq Ft
$214/Sq Ft Est. Value

Last Sold July 31, 2019

Last sale price $110,000 $94 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $1,489/month

185 Days on Market

Highlights

  • No HOA
  • Wall to Wall Carpet
  • Heating Available

About This Home

As of July 2019

Great Investment property, priced to sell! This multi-family home has 3 units. Upstairs you will find a 2 bedroom, 1 bath, Eat-in Kitchen, living-room and Laundry. First downstairs unit is a 1 bedroom, 1 bath, has a large eat in Kitchen, living room. 2nd First Floor Unit current used as a Store Front, Business,etc with half bath. It could easily be turned into an efficiency apartment. This properties income potential far proceeds what your mortgage would be.

Last Agent to Sell the Property

Erin Baker

(302) 535-9887 erinbakerrealty@gmail.com Keller Williams Realty Listed on: 12/05/2018

Keller Williams Realty

Last Buyer's Agent

Michael Davis

(302) 300-2300 michael@mdavisismyrealtor.com EXP Realty, LLC License #RA0020809

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1992

Lot Details

  • 1,980 Sq Ft Lot
  • Lot Dimensions are 16x120

Home Design

  • 1,171 Sq Ft Home
  • Triplex
  • Flat Roof Shape
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Wall to Wall Carpet
  • Vinyl

Laundry

  • Washer and Dryer Hookup

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Driveway

Schools

  • Smyrna Middle School
  • Smyrna High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 5900-000
  • Assessor Parcel Number DC-17-01013-02-5900-000

Community Details

Overview

  • No Home Owners Association

Building Details

  • Rent Control
  • Operating Expense $630

Property Details

Home Type

Multi-Family

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1992
  • Year Renovated: 1992
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: No
  • Laundry Type: Hookup
  • Total Sq Ft: 1171
  • Living Area Sq Ft: 1171
  • Price Per Sq Ft: 106.75
  • Above Grade Finished Sq Ft: 1171
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat, Pitched, 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
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Fuel: Natural Gas
  • 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

  • High School: SMYRNA
  • Middle Or Junior School: SMYRNA

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 16X120
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1980.00
  • Zoning: CC
  • In City Limits: No

Rental Info

  • Number Of Units Month To Month: 1
  • Rent Control: Yes
  • Units Leased Count: 3
  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 5841756
  • Assessor Parcel Number: DC-17-01013-02-5900-000
  • Tax Lot: 5900-000
  • Tax Data Updated: No
  • Tax Year: 2018

MLS Schools

  • School District Name: SMYRNA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2018
Closed on
Aug 12, 2019
Sold by
Mount Vernon Realty Llc
Bought by
Stmd Llc
Seller's Agent
Erin Baker
Keller Williams Realty
Buyer's Agent
Michael Davis
EXP Realty, LLC
List Price
$125,000
Sold Price
$110,000
Premium/Discount to List
-$15,000
-12%
Current Estimated Value
$250,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,270
Avg. Annual Appreciation
13.64%
Original Mortgage
$82,500
Outstanding Balance
$72,255
Interest Rate
3.7%
Mortgage Type
Commercial
Estimated Equity
$178,015

Purchase Details

Closed on
Mar 27, 2007
Sold by
Marcum Ronald L and Marcum Lynn L
Bought by
Mount Vernon Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.33%
Mortgage Type
FHA
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
Stmd Llc $110,000 None Available
Mount Vernon Realty Llc $105,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stmd Llc $82,500
Previous Owner Mount Vernon Realty Llc $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2019 07/31/19 Sold $110,000 -12.0% $94 / Sq Ft
06/08/2019 06/08/19 Pending -- -- --
06/06/2019 06/06/19 For Sale $125,000 +13.6% $107 / Sq Ft
06/05/2019 06/05/19 Off Market $110,000 -- --
04/29/2019 04/29/19 Rented $600 0.0% --
04/29/2019 04/29/19 Under Contract -- -- --
03/31/2019 03/31/19 For Rent $600 0.0% --
03/29/2019 03/29/19 Off Market $600 -- --
03/28/2019 03/28/19 For Rent $600 0.0% --
12/05/2018 12/05/18 For Sale $125,000 0.0% $107 / Sq Ft
02/01/2017 02/01/17 Rented $700 0.0% --
01/18/2017 01/18/17 Under Contract -- -- --
01/07/2017 01/07/17 For Rent $700 -- --
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 $2,174 $258,500 $29,200 $229,300
2024 $1,091 $258,500 $29,200 $229,300
2023 $3,822 $37,200 $3,000 $34,200
2022 $2,833 $37,200 $3,000 $34,200
2021 $1,731 $37,200 $3,000 $34,200
2020 $807 $37,200 $3,000 $34,200
2019 $815 $37,200 $3,000 $34,200
2018 $815 $37,200 $3,000 $34,200
2017 $812 $37,200 $0 $0
2016 $824 $37,200 $0 $0
2015 $828 $37,200 $0 $0
2014 $774 $37,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DEKT153620

Bright MLS

APN: 1-17-01013-02-5900-000