NOT LISTED FOR SALE

228 W 7th St Laurel, DE 19956

Estimated Value: $31,000 - $184,000

0.12 Acre
$900,000 Price per Acre
5,227 Sq Ft Lot

Last Sold October 18, 2023

Last sale price $28,000

Est. 286% increase in value since last sale

Current estimated payment $604/month

4 Days on Market

About This Lot

As of October 2023

This can be your opportunity to invest in a city building lot in Laurel with public water and sewer available. The town will allow a Tiny house or Modular home as long as it is 800 minimum square feet. Or build your own. The home's width can be as wide as 20' The setbacks are: 20' for the front, 10' for the sides, and 10' for the rear yard.
This is a very affordable building lot fora home owner or invester, so don't wait, and buy it today! Land home mortgages available. Driveway is shared.

Last Agent to Sell the Property

Maria Bennett

Iron Valley Real Estate at The Beach Listed on: 09/26/2023

Iron Valley Real Estate at The Beach

Last Buyer's Agent

Maria Bennett

Iron Valley Real Estate at The Beach Listed on: 09/26/2023

Iron Valley Real Estate at The Beach

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $280

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 36.00 x 155.00
  • Property is zoned TN

Utilities

  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot LAUREL
  • Assessor Parcel Number 432-08.06-193.00

Property Details

Property Type

Land

Est. Annual Taxes

$280

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: Between Rt 113 & 13
  • Ownership: Fee Simple
  • Current Use: Residential
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Price Per Sq Ft: 5.74
  • Street Number Modifier: 228

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Hook/Up Avail
  • Utilities: Electric Available, Cable Tv Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: LAUREL
  • School District Key: 300200396897
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Land Use Code: 999
  • Lot Size Acres: 0.12
  • Lot Dimensions: 36.00 x 155.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5227.00
  • Year Assessed: 2022
  • Zoning: TN
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • School Tax: 16.00
  • Tax Annual Amount: 280.00
  • Assessor Parcel Number: 432-08.06-193.00
  • Tax Lot: LAUREL
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 10/18/2023

MLS Schools

  • School District Name: LAUREL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2023
Closed on
Oct 18, 2023
Sold by
Garin Elysia
Bought by
Chata Llc
Seller's Agent
Maria Bennett
Iron Valley Real Estate at The Beach
Buyer's Agent
Maria Bennett
Iron Valley Real Estate at The Beach
List Price
$30,000
Sold Price
$28,000
Premium/Discount to List
-$2,000
-6.67%
Views
35
Current Estimated Value
$108,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,000
Avg. Annual Appreciation
128.54%

Purchase Details

Closed on
Sep 30, 2022
Sold by
Smt Investment Inc
Bought by
Garin Elysia

Purchase Details

Closed on
Apr 23, 2003
Bought by
Development Partners Guild Llc
Source: Public Records

Range of Values:

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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
Chata Llc $28,000 None Listed On Document
Garin Elysia $190,000 --
Development Partners Guild Llc $1,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chata Llc $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2023 10/18/23 Sold $28,000 -6.7% --
09/30/2023 09/30/23 Pending -- -- --
09/26/2023 09/26/23 For Sale $30,000 -- --
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 $18 $350 $350 $0
2023 $20 $350 $350 $0
2022 $18 $350 $350 $0
2021 $17 $350 $350 $0
2020 $18 $350 $350 $0
2019 $18 $350 $350 $0
2018 $20 $350 $0 $0
2017 $19 $350 $0 $0
2016 $20 $350 $0 $0
2015 $17 $350 $0 $0
2014 $15 $350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2048842

Bright MLS

APN: 432-08.06-193.00