NOT LISTED FOR SALE

225 Cecil St Dover, DE 19904

Downtown Dover Neighborhood

Estimated Value: $242,000 - $307,000

-- Bed
3 Baths
2,354 Sq Ft
$119/Sq Ft Est. Value

Last Sold November 22, 2019

Last sale price $200,000 $85 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $1,652/month

331 Days on Market

Highlights

  • No HOA
  • Electric Baseboard Heater
  • South Facing Home
  • En-Suite Primary Bedroom

About This Home

As of November 2019

Three unit apartment on Cecil Street just west of Wesley College. This property has a sprinkler system. Two units have two bedrooms, and one unit has one bedroom. Great location and always occupied. All units on month-to-month leases.

Last Agent to Sell the Property

Philip McGinnis

McGinnis Commercial Real Estate License #R1-0001967 Listed on: 11/14/2018

Last Buyer's Agent

Philip McGinnis

McGinnis Commercial Real Estate License #R1-0001967 Listed on: 11/14/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $975

Year Built

  • Built in 1930

Lot Details

  • 4,500 Sq Ft Lot
  • Lot Dimensions are 50x90
  • South Facing Home
  • Sprinkler System
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • 2,354 Sq Ft Home
  • Triplex
  • Converted Dwelling
  • Brick Foundation
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Schools

  • Central Middle School
  • Dover High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for advertising/licenses and permits, insurance, repairs, sewer, real estate taxes, trash collection, water
  • Tax Lot 5500-000
  • Assessor Parcel Number ED-05-07608-02-5500-000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals
  • Electric Expense $1,860
  • Insurance Expense $386
  • Maintenance Expense $1,000
  • Other Expense $3,654
  • Operating Expense $6,484
  • Net Operating Income $21,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$975

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Other Expense: 3654.00
  • Year Built: 1930
  • Remarks Public: Three unit apartment on Cecil Street just west of Wesley College. This property has a sprinkler system. Two units have two bedrooms, and one unit has one bedroom. Great location and always occupied. All units on month-to-month leases.
  • Special Features: None

Interior Features

  • Interior Amenities: Sprinkler System
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Brick/Mortar
  • Room List: Primary Bedroom
  • Basement: No
  • Total Sq Ft: 2354
  • Living Area Sq Ft: 2354
  • Price Per Sq Ft: 91.33
  • Above Grade Finished Sq Ft: 2354
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 225

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Sidewalks, Street Lights
  • Road Surface Type: Black Top
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Electric Expense: 1860.00
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

  • School District: CAPITAL
  • Middle School: CENTRAL
  • High School: DOVER
  • School District Key: 300200396888
  • High School: DOVER
  • Middle Or Junior School: CENTRAL

Lot Info

  • Lot Size Acres: 0.10
  • Lot Dimensions: 50X90
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4500.00
  • Property Condition: Good
  • Zoning: RG1
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Owner Pays: Advertising/Licenses And Permits, Insurance, Repairs, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 27600.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2436076
  • Tax Annual Amount: 975.00
  • Assessor Parcel Number: ED-05-07608-02-5500-000
  • Tax Lot: 5500-000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 11/22/2019

Multi Family

  • Gross Income: 27600.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: CAPITAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2018
Closed on
Nov 20, 2019
Sold by
Garcia George L and Garcia Darnell
Bought by
Sloven James E
Seller's Agent
Philip McGinnis
McGinnis Commercial Real Estate
Buyer's Agent
Philip McGinnis
McGinnis Commercial Real Estate
List Price
$225,000
Sold Price
$200,000
Premium/Discount to List
-$25,000
-11.11%
Current Estimated Value
$292,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,569
Original Mortgage
$150,000
Outstanding Balance
$135,388
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2006
Sold by
Lynch Wayne A
Bought by
Garicia George L and Garicia Darnell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
6.47%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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
Sloven James E $200,000 None Available
Garicia George L $2,175 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sloven James E $150,000
Previous Owner Garicia George L $108,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2019 11/22/19 Sold $200,000 -7.0% $85 / Sq Ft
08/12/2019 08/12/19 Price Changed $215,000 -4.4% $91 / Sq Ft
11/14/2018 11/14/18 For Sale $225,000 -- $96 / 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 $1,204 $212,200 $37,900 $174,300
2023 $665 $22,600 $7,500 $15,100
2022 $643 $22,600 $7,500 $15,100
2021 $620 $22,600 $7,500 $15,100
2020 $598 $22,600 $7,500 $15,100
2019 $566 $22,600 $7,500 $15,100
2018 $516 $22,600 $7,500 $15,100
2017 $508 $22,600 $0 $0
2016 $510 $22,600 $0 $0
2015 -- $22,600 $0 $0
2014 -- $20,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Philip McGinnis

    Seller's Agent in 2019

    Philip McGinnis

    McGinnis Commercial Real Estate

    (302) 270-0656

    3 in this area

    37 Total Sales

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Map

Source: Bright MLS

MLS Number: DEKT174752

Bright MLS

APN: 2-05-07608-02-5500-000

Delaware Kent County Dover 19904 Downtown Dover

225 Cecil St, Dover, DE

This home is located at 225 Cecil St, Dover, DE 19904 since 14 November 2018 and is currently estimated at $279,464, approximately $118 per square foot. This property was built in 1930. 225 Cecil St is a home located in Kent County with nearby schools including Fairview Elementary School, Central Middle School, and William Henry Middle School.

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