NOT LISTED FOR SALE

28 S Old Baltimore Pike Newark, DE 19702

Bear Area

Estimated Value: $308,000 - $364,327

Studio
1 Bath
1,700 Sq Ft
$199/Sq Ft Est. Value

Sale Details

Date Sold: September 16, 2024

Last sale price $340,000 $200 Per Sq Ft

Current estimated payment $2,048 / mo

8 Days on Market

Highlights

  • Colonial Architecture
  • Central Air
  • Heating Available

About This Home

As of September 2024

Here'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

Corey Harris

(302) 504-6147 team@crownhomesre.com Crown Homes Real Estate License #RS-368137 Listed on: 07/15/2024

Last Buyer's Agent

Melody Davis

(302) 378-8700 tinyshomes4u@aol.com RE/MAX Advantage Realty License #RS-0018501

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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

  • Ductless Heating Or Cooling System
  • Central Air
  • Heating Available

Community Details

  • 1 Vacant Unit

Listing and Financial Details

  • Tax Lot 241
  • Assessor Parcel Number 09-030.30-241

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$723

Year Built

Built in 1866

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2024-07-15
  • Year Built: 1866
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1700
  • Living Area Sq Ft: 1700
  • Price Per Sq Ft: 194.12
  • Above Grade Finished Sq Ft: 1700
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split, Central A/C
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 110.40 x 52.09
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6098.00
  • Zoning: NC5
  • In City Limits: No

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 1
  • Vacation Rental: No

Tax Info

  • School Tax: 578.00
  • Tax Annual Amount: 723.00
  • Assessor Parcel Number: 09-030.30-241
  • Tax Lot: 241
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Number Of Units Vacant: 1
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: CHRISTINA

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2024
Closed on
Sep 16, 2024
Sold by
Bought by
Seller's Agent
Corey Harris
Crown Homes Real Estate
Buyer's Agent
Melody Davis
RE/MAX Advantage Realty
List Price
$330,000
Sold Price
$340,000
Premium/Discount to List
$10,000
3.03%
Views
131
Current Estimated Value
$339,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$918
Avg. Annual Appreciation
-0.14%
Original Mortgage
$328,652
Outstanding Balance
$321,413
Interest Rate
5.99%
Mortgage Type
FHA
Estimated Equity
$17,669

Purchase Details

Closed on
May 14, 2024
Sold by
Bought by

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
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Newark, DE

  • Jemimah Chuks Real Estate Agent - EXP Realty, LLC

    Jemimah Chuks

    EXP Realty, LLC

    (302) 240-3321

    373 Total Sales

    35 in Bear

    $175K - $513K Price Range

    Jemimah Chuks
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  • Jack Keating Real Estate Agent - RE/MAX Elite

    Jack Keating

    RE/MAX Elite

    (302) 703-1282

    35 Total Sales

    3 in Bear

    $315K - $520K Price Range

    Jack Keating
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  • Chardae Eduruke Real Estate Agent - Real Broker LLC

    Chardae Eduruke

    Real Broker LLC

    (302) 214-6184

    87 Total Sales

    9 in Bear

    $251K - $480K Price Range

    Chardae Eduruke
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  • Jason Ontjes Real Estate Agent - Century 21 Emerald

    Jason Ontjes

    Century 21 Emerald

    (610) 510-8532

    54 Total Sales

    1 in Bear

    $309,900 Price

    Jason Ontjes
     Section Image
  • Jenna LaFermine Real Estate Agent - Burns & Ellis Realtors

    Jenna LaFermine

    Responds Quickly

    Burns & Ellis Realtors

    (302) 202-3664

    161 Total Sales

    1 in Bear

    $247,000 Price

    Jenna LaFermine
     Section Image
  • Loretta Garcia Real Estate Agent - Keller Williams Realty Central-Delaware

    Loretta Garcia

    Keller Williams Realty Central-Delaware

    (302) 603-1020

    28 Total Sales

    1 in Bear

    $457,000 Price

    Loretta Garcia
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$340,000 None Listed On Document
-- None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $328,652
Previous Owner $700,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $2,259 $277,500 $58,000 $219,500
2024 $745 $17,500 $7,500 $10,000
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 Real Estate Agent - Crown Homes Real Estate

    Seller's Agent in 2024

    Corey Harris

    Crown Homes Real Estate

    (302) 729-2881

    465 Total Sales

    Corey Harris
    Section Image
  • Melody Davis Real Estate Agent - RE/MAX Advantage Realty

    Buyer's Agent in 2024

    Melody Davis

    RE/MAX Advantage Realty

    (302) 981-2521

    88 Total Sales

    Melody Davis
    Section Image
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Map

Source: Bright MLS

MLS Number: DENC2064722

Bright MLS

APN: 09-030.30-241

Delaware New Castle County Newark 19702

28 S Old Baltimore Pike, Newark, DE

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