NOT LISTED FOR SALE

301 N Race St Georgetown, DE 19947

Estimated Value: $104,000 - $299,000

4 Beds
1.5 Baths
686 Sq Ft
$290/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $160,000 $233 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,081/month

Highlights

  • Traditional Architecture
  • Sun or Florida Room
  • 1 Car Detached Garage
  • Wood Flooring
  • No HOA
  • Living Room

About This Home

As of August 2022

INVESTOR ALERT - This 4 bedroom 1.5 bathroom home with generous rooms would be perfect for a business. This home is in need of major repairs. It would make a perfect office, restaurant or showroom. There is room in the back to add additional parking spaces by removing the existing garage and fence around yard. Trustee has very little knowledge about the home. Most mechanical systems are not working. Furnace is not working. Kitchen floor needs some work. Walk up attic for additional storage. Siding has been replaced. Electrical has been updated. Sold "as-is". Inspections are for informational purposes only. CASH

Last Agent to Sell the Property

Frank Hornstein

(302) 213-3868 frankhornstein1@gmail.com Iron Valley Real Estate at The Beach Listed on: 03/03/2022

Iron Valley Real Estate at The Beach

Last Buyer's Agent

Claudia Sosa Ducote

(240) 988-0929 claudia@lisamathena.com The Lisa Mathena Group, Inc. License #RS-00019674

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $195

Year Built

  • Built in 1914

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 60.00 x 95.00
  • Property is zoned TN

Parking

  • 1 Car Detached Garage
  • 1 Driveway Space
  • Rear-Facing Garage

Home Design

  • Traditional Architecture
  • Fixer Upper
  • Block Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 686 Sq Ft Home
  • Property has 2 Levels
  • Living Room
  • Sun or Florida Room

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

Utilities

  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 301
  • Assessor Parcel Number 135-14.20-107.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$195

Year Built

Built in 1914

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1914
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: INVESTOR ALERT - This 4 bedroom 1.5 bathroom home with generous rooms would be perfect for a business. This home is in need of major repairs. It would make a perfect office, restaurant or showroom. There is room in the back to add additional parking spaces by removing the existing garage and fence around yard. Trustee has very little knowledge about the home. Most mechanical systems are not working. Furnace is not working. Kitchen floor needs some work. Walk up attic for additional storage. Siding has been replaced. Electrical has been updated. Sold "as-is". Inspections are for informational purposes only. CASH
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Hardwood, Vinyl
  • Fireplace: No
  • Foundation Details: Block
  • Levels Count: 2
  • Room List: Living Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Bedroom 1, Sun/Florida Room, Full Bath, Half Bath
  • Basement: No
  • Total Sq Ft: 686
  • Living Area Sq Ft: 686
  • Price Per Sq Ft: 291.55
  • Above Grade Finished Sq Ft: 686
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 301

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Vinyl Siding
  • Roof: Architectural 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
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Detached Garage
  • Number of Spaces in Driveway: 1

Utilities

  • Central Air Conditioning: No
  • Hot Water: Electric
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District: INDIAN RIVER
  • School District Key: 300200396898
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 3450.00
  • Land Assessed Value: 1500.00
  • Land Use Code: RS
  • Lot Size Acres: 0.13
  • Lot Dimensions: 60.00 x 95.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5663.00
  • Property Condition: Major Rehab Needed
  • Year Assessed: 2021
  • Zoning: TN
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5129538
  • School Tax: 173.00
  • Tax Annual Amount: 195.00
  • Assessor Parcel Number: 135-14.20-107.00
  • Tax Lot: 301
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 08/12/2022

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2022
Closed on
Aug 8, 2022
Sold by
Reyes Leslie V
Bought by
Velasquez Eugenio Mejia
Seller's Agent
Frank Hornstein
Iron Valley Real Estate at The Beach
Buyer's Agent
Claudia Sosa Ducote
The Lisa Mathena Group, Inc.
List Price
$225,000
Sold Price
$160,000
Premium/Discount to List
-$65,000
-28.89%
Views
1
Current Estimated Value
$198,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,608
Avg. Annual Appreciation
7.82%

Purchase Details

Listed on
Mar 3, 2022
Closed on
Aug 6, 2022
Sold by
Reyes Wilfort V
Bought by
Reyes Leslie V
Seller's Agent
Frank Hornstein
Iron Valley Real Estate at The Beach
Buyer's Agent
Claudia Sosa Ducote
The Lisa Mathena Group, Inc.
List Price
$225,000
Sold Price
$160,000
Premium/Discount to List
-$65,000
-28.89%
Views
1

Purchase Details

Closed on
Jun 15, 1999
Bought by
Reyes Jamie V Jr Welford V Reyes
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 Buyer Sale Price Title Company
Velasquez Eugenio Mejia $160,000 Sergovic Carmean Weidman Mccar
Reyes Leslie V -- Mccartney & Owens Pa
Reyes Jamie V Jr Welford V Reyes $45,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2022 08/12/22 Sold $160,000 -20.0% $233 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
06/03/2022 06/03/22 Price Changed $200,000 -11.1% $292 / Sq Ft
05/24/2022 05/24/22 For Sale $225,000 0.0% $328 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $225,000 -- $328 / 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
2025 $335 $4,950 $1,500 $3,450
2024 $205 $4,950 $1,500 $3,450
2023 $204 $4,950 $1,500 $3,450
2022 $201 $4,950 $1,500 $3,450
2021 $195 $4,950 $1,500 $3,450
2020 $186 $4,950 $1,500 $3,450
2019 $185 $4,950 $1,500 $3,450
2018 $187 $4,950 $0 $0
2017 $189 $4,950 $0 $0
2016 $166 $4,950 $0 $0
2015 $171 $4,950 $0 $0
2014 $169 $4,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2017276

Bright MLS

APN: 135-14.20-107.00