$66,500
SOLD FEB 14, 2014

23 W Walnut St Magnolia, DE 19962

3 Beds
2 Baths
1,088 Sq Ft
0.34 Acres

Recently Sold

$61 Per Sq Ft

13% Below List Price

52 Days on Market

Highlights

  • Rambler Architecture
  • Corner Lot
  • Breakfast Area or Nook
  • Caesar Rodney High School Rated A-
  • No HOA
  • 1 Car Attached Garage

About This Home

As of August 2014

R-7976 Investors wanted for this 3 bedroom, 2 bath rancher located in Magnolia. This bank owned home is very attractive, nice corner lot with tall pine trees. There is a fenced in backyard, full basement, and a one car garage. Why investors, the home has damaged from vandals with missing copper pipes, some electrical issues, a broken patio glass door. The main challenge will be corrected a previous heating fuel oil spill in the basement. This home is being sold in its present as-is condition and price does reflect work needed. No repairs will be made and no warranties provided. All inspections are for information only, electric is on. All offers will require proof of funds for closing.

Last Agent to Sell the Property

Ed Hommond

RE/MAX Horizons License #RA-0031131 Listed on: 11/15/2013

RE/MAX Horizons

Last Buyer's Agent

Jason Morris

EXP Realty, LLC

EXP Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $577

Year Built

  • Built in 1973

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100x148
  • Corner Lot

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Rambler Architecture
  • Brick Foundation
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,088 Sq Ft Home
  • Property has 1 Level
  • Living Room
  • Dining Room

Kitchen

  • Breakfast Area or Nook
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Laundry in Basement

Outdoor Features

  • Patio

Schools

  • Allen Frear Elementary School
  • Postlethwait Middle School
  • Caesar Rodney High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1700-000
  • Assessor Parcel Number SM-15-11309-01-1700-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$577

Year Built

Built in 1973

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1973
  • Remarks Public: R-7976 Investors wanted for this 3 bedroom, 2 bath rancher located in Magnolia. This bank owned home is very attractive, nice corner lot with tall pine trees. There is a fenced in backyard, full basement, and a one car garage. Why investors, the home has damaged from vandals with missing copper pipes, some electrical issues, a broken patio glass door. The main challenge will be corrected a previous heating fuel oil spill in the basement. This home is being sold in its present as-is condition and price does reflect work needed. No repairs will be made and no warranties provided. All inspections are for information only, electric is on. All offers will require proof of funds for closing.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher
  • Flooring Type: Fully Carpeted, Vinyl
  • Interior Amenities: Breakfast Area
  • Fireplace: No
  • Entry Location: Living Room
  • Foundation Details: Brick/Mortar
  • Levels Count: 1
  • Room Count: 7
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Bedroom 1
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Laundry Type: Basement
  • Total Sq Ft: 1088
  • Living Area Sq Ft: 1088
  • Net Sq Ft: 1088.00
  • Price Per Sq Ft: 61.12
  • Above Grade Finished Sq Ft: 1088
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 23

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Oil, Forced Air
  • 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

  • School District: CAESAR RODNEY
  • Elementary School: ALLEN FREAR
  • Middle School: POSTLETHWAIT
  • High School: CAESAR RODNEY
  • School District Key: 300200396889
  • Elementary School: ALLEN FREAR
  • High School: CAESAR RODNEY
  • Middle Or Junior School: POSTLETHWAIT

Lot Info

  • Lot Features: Corner
  • Lot Size Acres: 0.34
  • Lot Dimensions: 100X148
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 14820.00
  • Outdoor Living Structures: Patio(s)

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2480224
  • Tax Annual Amount: 577.00
  • Assessor Parcel Number: SM-15-11309-01-1700-000
  • Tax Lot: 1700-000
  • Tax Year: 2013
  • Close Date: 02/14/2014

MLS Schools

  • School District Name: CAESAR RODNEY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2014
Closed on
Aug 25, 2014
Sold by
Sharkey Francis
Bought by
Marshall Clishona L
Seller's Agent
Jason Morris
EXP Realty, LLC
Buyer's Agent
Laurie Ferris
Iron Valley Real Estate at The Beach
List Price
$159,500
Sold Price
$159,900
Premium/Discount to List
$400
0.25%
Current Estimated Value
$261,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,322
Avg. Annual Appreciation
4.40%
Original Mortgage
$163,163
Outstanding Balance
$126,700
Interest Rate
4.14%
Mortgage Type
New Conventional
Estimated Equity
$129,543

Purchase Details

Listed on
Nov 15, 2013
Closed on
Jan 21, 2014
Sold by
The Secretary Of Veterans Affairs
Bought by
Sharkey Francis
Seller's Agent
Ed Hommond
RE/MAX Horizons
Buyer's Agent
Jason Morris
EXP Realty, LLC
List Price
$76,500
Sold Price
$66,500
Premium/Discount to List
-$10,000
-13.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
423.50%

Purchase Details

Closed on
Dec 9, 2013
Sold by
Dewar Gary D
Bought by
U S Secretary Of Veterans Affairs

Purchase Details

Closed on
Jul 19, 2006
Sold by
Breedlove Robert and Breedlove Robin
Bought by
Dewar Gary D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,629
Interest Rate
6.7%
Mortgage Type
Stand Alone Second
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 Type Sale Price Title Company
Deed $159,900 None Available
Special Warranty Deed $66,500 None Available
Sheriffs Deed $79,317 None Available
Deed $2,670 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $163,163 New Conventional
Previous Owner $5,629 Stand Alone Second
Previous Owner $181,827 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2014 08/27/14 Sold $159,900 +0.3% $147 / Sq Ft
05/31/2014 05/31/14 Pending -- -- --
05/28/2014 05/28/14 For Sale $159,500 +139.8% $147 / Sq Ft
02/14/2014 02/14/14 Sold $66,500 0.0% $61 / Sq Ft
01/06/2014 01/06/14 Pending -- -- --
12/24/2013 12/24/13 Price Changed $66,500 -13.1% $61 / Sq Ft
11/15/2013 11/15/13 For Sale $76,500 -- $70 / 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 $1,077 $269,600 $68,100 $201,500
2023 $702 $27,300 $6,500 $20,800
2022 $663 $27,300 $6,500 $20,800
2021 $658 $27,300 $6,500 $20,800
2020 $647 $27,300 $6,500 $20,800
2019 $622 $27,300 $6,500 $20,800
2018 $600 $27,300 $6,500 $20,800
2017 $583 $27,300 $0 $0
2016 $571 $27,300 $0 $0
2015 $464 $27,300 $0 $0
2014 -- $27,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003651976

Bright MLS

APN: 8-15-11309-01-1700-000