Seller's Agent in 2024
Corey Harris
Crown Homes Real Estate
(302) 729-2881
31 in this area
481 Total Sales
28 S Old Baltimore Pike Newark, DE 19702
Bear Neighborhood
--
Bed
--
Bath
1,700
Sq Ft
6,098
Sq Ft Lot
Highlights
- Colonial Architecture
- Central Air
- Heating Available
About This Home
As of September 2024Here's an amazing opportunity to own a fully renovated turn key multi-family property. This multi-family property is located centrally located in Newark, close to the Christiana hospital, Christiana mall, I-95, route 1, popular dining, shopping and more! This duplex and the duplex next door (32 Old Baltimore) can be purchased as a package for a total of $650,000. 32 Old Baltimore is being fully renovated to look just like 28 Old Baltimore. Unit B of 28 Old Baltimore is currently rented for $1,600 monthly. The estimated monthly income for both duplexes (all 4 units) is $5,700 with an expected monthly cash flow of $2,000 (this includes principle, interest, taxes and insurance for both properties at 25% down and current interest rates). Current rental and interest rates are to be verified by buyer/lender. Unit A has 1 bedroom and 1.5 bathrooms. Unit B has 2 bedrooms, a large bonus room, and 1.5 bathrooms.
Last Agent to Sell the Property
Crown Homes Real Estate License #RS-368137 Listed on: 07/15/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $723
Year Built
- Built in 1866
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 110.40 x 52.09
Parking
- Driveway
Home Design
- Duplex
- Colonial Architecture
- Vinyl Siding
Interior Spaces
- 1,700 Sq Ft Home
- Basement Fills Entire Space Under The House
Utilities
- Central Air
- Ductless Heating Or Cooling System
- Heating Available
Community Details
- 1 Vacant Unit
Listing and Financial Details
- Tax Lot 241
- Assessor Parcel Number 09-030.30-241
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 15, 2024
Closed on
Sep 16, 2024
Sold by
Gbg Investments Llc and Marini Dante J
Bought by
Johnson Maureen Y
Seller's Agent
Corey Harris
Crown Homes Real Estate
Buyer's Agent
Melody Davis
RE/MAX 1st Choice - Middletown
List Price
$330,000
Sold Price
$340,000
Premium/Discount to List
$10,000
3.03%
Total Days on Market
8
Views
131
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
$1,515
Avg. Annual Appreciation
-2.63%
Original Mortgage
$328,652
Outstanding Balance
$326,842
Interest Rate
6.49%
Mortgage Type
FHA
Estimated Equity
$6,885
Purchase Details
Closed on
May 14, 2024
Sold by
Shotwell Barry and Shotwell Connie
Bought by
Gbg Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.88%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $340,000 | None Listed On Document | |
| Deed | -- | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $328,652 | FHA | |
| Previous Owner | $700,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/16/2024 09/16/24 | Sold | $340,000 | +3.0% | $200 / Sq Ft |
| 07/24/2024 07/24/24 | Pending | -- | -- | -- |
| 07/15/2024 07/15/24 | For Sale | $330,000 | -- | $194 / 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 |
|---|---|---|---|---|
| 2023 | $745 | $17,500 | $7,500 | $10,000 |
| 2022 | $723 | $17,500 | $7,500 | $10,000 |
| 2021 | $708 | $17,500 | $7,500 | $10,000 |
| 2020 | $689 | $17,500 | $7,500 | $10,000 |
| 2019 | $90 | $17,500 | $7,500 | $10,000 |
| 2018 | $593 | $17,500 | $7,500 | $10,000 |
| 2017 | $572 | $17,500 | $7,500 | $10,000 |
| 2016 | $571 | $17,500 | $7,500 | $10,000 |
| 2015 | $520 | $17,500 | $7,500 | $10,000 |
| 2014 | $520 | $17,500 | $7,500 | $10,000 |
Source: Public Records
Agents Affiliated with this Home
-
Corey Harris
-
Melody Davis
Buyer's Agent in 2024
Melody Davis
RE/MAX
(302) 981-2521
5 in this area
111 Total Sales
Map
Source: Bright MLS
MLS Number: DENC2064722
APN: 09-030.30-241
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