NOT LISTED FOR SALE

303 E 6th St Laurel, DE 19956

Estimated Value: $178,000 - $306,000

Studio
2 Baths
2,600 Sq Ft
$92/Sq Ft Est. Value

Last Sold February 09, 2018

Last sale price $85,000 $33 Per Sq Ft

Est. 181% increase in value since last sale

Current estimated payment $1,278/month

91 Days on Market

Highlights

  • Second Kitchen
  • Colonial Architecture
  • Wooded Lot
  • Waterfront
  • Stream or River on Lot
  • Wood Flooring

About This Home

As of February 2018

Prime opportunity for income producing rental or very affordable residence on a wooded town lot overlooking a stream! Upstairs tenant has been in place for over 20 years & pays rent that would equate to a majority of a mortgage! Large 1+ acre lot with subdivision possibilities! In need of cosmetic work but priced to sell!

Last Agent to Sell the Property

Lee Johnson

(302) 629-5575 ljohnson@cbanker.com Coldwell Banker Premier - Seaford License #RB-00030964 Listed on: 08/03/2017

Coldwell Banker Premier - Seaford

Last Buyer's Agent

ANN MALLOY

(302) 645-4800 annmalloy1@gmail.com Delaware Coastal Realty License #RA-0003214

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,135

Year Built

  • Built in 1900

Lot Details

  • 1.03 Acre Lot
  • Waterfront
  • Wooded Lot

Home Design

  • Colonial Architecture
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • Main Floor Bedroom
  • 2,600 Sq Ft Home
  • Window Treatments
  • Crawl Space
  • Washer
  • Attic

Kitchen

  • Second Kitchen
  • Eat-In Kitchen
  • Electric Oven or Range
  • Extra Refrigerator or Freezer

Flooring

  • Wood
  • Vinyl

Parking

  • Attached Carport
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Water Access
  • Stream or River on Lot
  • Wrap Around Porch

Utilities

  • Heating System Uses Oil
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 332-01.07-294.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,135

Year Built

Built in 1900

Lot Details

1.03 Acres

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Colonial
  • Sussex De Quadrants: West of Rt 13
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Extra Refrigerator/Freezer, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Flooring Type: Hardwood, Vinyl
  • Interior Amenities: Attic, Kitchen - Eat-In, 2nd Kitchen, Entry Level Bedroom, Window Treatments
  • Fireplace: No
  • Foundation Details: Block, Crawl Space
  • Level Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2600
  • Living Area Sq Ft: 2600
  • Net Sq Ft: 2600.00
  • Price Per Sq Ft: 38.42
  • Above Grade Finished Sq Ft: 2600
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Wood Siding
  • Construction Completed: Yes
  • Roof: Shingle, Asphalt
  • Water Access: Yes
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway
  • Type Of Parking: Attached Carport, Off Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric, Oil
  • Heating Type: Baseboard, Oil
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Lot Info

  • Lot Features: Stream/Creek, Trees/Wooded
  • Lot Size Acres: 1.03
  • Lot Size Area: 1
  • Lot Dimensions: irr
  • Lot Size Units: Acres
  • Lot Sq Ft: 44867.00
  • Outdoor Living Structures: Porch(es), Wrap Around
  • Zoning Description: TOWN CODES
  • In City Limits: Yes

Rental Info

  • Total Actual Rent: 14400.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5186026
  • Tax Annual Amount: 1135.00
  • Assessor Parcel Number: 332-01.07-294.00
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: LAUREL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 2022
Sold by
Rts Properties Inc
Bought by
Red Letter Properties Llc
Current Estimated Value
$238,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,300
Interest Rate
5%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 9, 2021
Sold by
Burke Michael and Burke Laura K
Bought by
Rts Properties Llc

Purchase Details

Listed on
Aug 3, 2017
Closed on
Feb 1, 2018
Sold by
Baker Vaughn E and Baker Janice L
Bought by
Burke Michael and Burke Laura K
Seller's Agent
Lee Johnson
Coldwell Banker Premier - Seaford
Buyer's Agent
ANN MALLOY
Delaware Coastal Realty
List Price
$99,900
Sold Price
$85,000
Premium/Discount to List
-$14,900
-14.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.65%
Original Mortgage
$63,000
Interest Rate
3.99%
Mortgage Type
New Conventional
Source: Public Records
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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
Red Letter Properties Llc $116,400 Smith Firm Llc
Rts Properties Llc -- None Available
Burke Michael $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Red Letter Properties Llc $87,300
Previous Owner Burke Michael $63,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/09/2018 02/09/18 Sold $85,000 -14.9% $33 / Sq Ft
11/02/2017 11/02/17 Pending -- -- --
08/03/2017 08/03/17 For Sale $99,900 -- $38 / Sq Ft
Source: Bright MLS

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 $653 $10,400 $1,050 $9,350
2024 $528 $10,400 $1,050 $9,350
2023 $604 $10,400 $1,050 $9,350
2022 $523 $10,400 $1,050 $9,350
2021 $518 $10,400 $1,050 $9,350
2020 $531 $10,400 $1,050 $9,350
2019 $533 $10,400 $1,050 $9,350
2018 $583 $10,400 $0 $0
2017 $564 $10,400 $0 $0
2016 $600 $10,400 $0 $0
2015 $518 $10,400 $0 $0
2014 $459 $10,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001032084

Bright MLS

APN: 332-01.07-294.00

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