24 S Main St Magnolia, DE 19962
Estimated Value: $274,000 - $475,000
4
Beds
1.5
Baths
3,407
Sq Ft
$119/Sq Ft
Est. Value
Highlights
- Barn or Farm Building
- Wood Flooring
- Attic
- Allen Frear Elementary School Rated A
- Victorian Architecture
- No HOA
About This Home
As of January 2015R-7995 Wonderful piece of History located in the "Center of the Universe" downtown Magnolia. This property is in need of repairs, however, with updates this would make a unique large estate in the heart of Magnolia. Listed for a bargain price to facilitate a fast sale. Very large home built in 1905 and much original features still in place. Property is fenced has a slate roof, cedar siding and vinyl in a few places. Lots of old charm, listed in the Historical Register. Floor plan available upon request. Many outbuildings with electric ran to them. Great potential for the savvy investor. This would make a great residence, law office, bed and breakfast, fancy restaurant or anything that would benefit from a close location to the Air Base. You must have cash to buy this home, repairs exceed the limits of rehab loans. You can't live in it. Lowest estimate on repairs was $250,000. Home is not structurally sound and unsafe to enter.
Last Agent to Sell the Property
John Welcome
RE/MAX Horizons License #TREND:60005243 Listed on: 12/04/2013
Last Buyer's Agent
TIM CARPER
Keller Williams Realty Central-Delaware
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,135
Year Built
- Built in 1905
Lot Details
- 1.5 Acre Lot
- Lot Dimensions are 340 x 207
- Back, Front, and Side Yard
- Property is in below average condition
Parking
- 1 Car Detached Garage
- 3 Open Parking Spaces
- Driveway
Home Design
- Victorian Architecture
- Slate Roof
- Wood Siding
- Vinyl Siding
Interior Spaces
- 3,407 Sq Ft Home
- Property has 2 Levels
- Ceiling height of 9 feet or more
- Ceiling Fan
- Non-Functioning Fireplace
- Family Room
- Living Room
- Dining Room
- Attic
Kitchen
- Eat-In Kitchen
- Butlers Pantry
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- En-Suite Primary Bedroom
Laundry
- Laundry Room
- Laundry on main level
Unfinished Basement
- Partial Basement
- Exterior Basement Entry
Outdoor Features
- Exterior Lighting
- Shed
Schools
- W.B. Simpson Elementary School
Farming
- Barn or Farm Building
Utilities
- Heating System Uses Oil
- 200+ Amp Service
- Oil Water Heater
Community Details
- No Home Owners Association
- Magnolia Subdivision
Listing and Financial Details
- Tax Lot 1400-000
- Assessor Parcel Number SM-15-11310-01-1400-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 4, 2013
Closed on
Jan 30, 2015
Sold by
Jarrell Shirley H and Jarrell Donn Russell
Bought by
Ferger Jacob and Ferger Jacqueline
Seller's Agent
John Welcome
RE/MAX Horizons
Buyer's Agent
TIM CARPER
Keller Williams Realty Central-Delaware
List Price
$150,000
Sold Price
$80,000
Premium/Discount to List
-$70,000
-46.67%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$326,659
Avg. Annual Appreciation
16.92%
Original Mortgage
$275,793
Interest Rate
4.37%
Mortgage Type
FHA
Similar Homes in Magnolia, DE
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ferger Jacob | $80,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ferger Jacob | $292,000 | |
| Closed | Ferger Jacob | $246,000 | |
| Closed | Ferger Jacob | $275,793 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/30/2015 01/30/15 | Sold | $80,000 | -27.3% | $23 / Sq Ft |
| 11/27/2014 11/27/14 | Pending | -- | -- | -- |
| 07/09/2014 07/09/14 | Price Changed | $110,000 | -12.0% | $32 / Sq Ft |
| 03/19/2014 03/19/14 | Price Changed | $125,000 | -16.7% | $37 / Sq Ft |
| 12/04/2013 12/04/13 | For Sale | $150,000 | -- | $44 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,454 | $362,000 | $103,800 | $258,200 |
| 2023 | $1,386 | $53,900 | $16,600 | $37,300 |
| 2022 | $1,309 | $53,900 | $16,600 | $37,300 |
| 2021 | $1,299 | $53,900 | $16,600 | $37,300 |
| 2020 | $1,278 | $53,900 | $16,600 | $37,300 |
| 2019 | $1,227 | $53,900 | $16,600 | $37,300 |
| 2018 | $1,184 | $53,900 | $16,600 | $37,300 |
| 2017 | $1,151 | $53,900 | $0 | $0 |
| 2016 | $1,127 | $53,900 | $0 | $0 |
| 2015 | -- | $53,900 | $0 | $0 |
| 2014 | -- | $53,900 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2015
John Welcome
RE/MAX
(302) 724-4310
5 in this area
62 Total Sales
-
T
Buyer's Agent in 2015
TIM CARPER
Keller Williams Realty Central-Delaware
Map
Source: Bright MLS
MLS Number: 1003664566
APN: 8-15-11310-01-1400-000
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