NOT LISTED FOR SALE

31 S Bradford St Dover, DE 19901

Downtown Dover Neighborhood

Estimated Value: $252,000 - $302,830

-- Bed
4 Baths
2,739 Sq Ft
$100/Sq Ft Est. Value

Last Sold February 22, 2024

Last sale price $247,000 $90 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,639/month

205 Days on Market

Highlights

  • Downtown Location
  • Carpet
  • 2-minute walk to Constitution Park
  • Forced Air Heating System

About This Home

As of February 2024

This multi-family property is located on South Bradford Street, just south of Division Street. The building is approximately 2,739 square feet, part of a duplex, and is currently rented as multi-family with four units. Each unit is one bedroom and one bathroom. There are two apartments on the first floor, and one each on the second and third floors. Two units are rented at $750 per month plus utilities, one is rented at $475, and one is rented at $500, plus utilities. All units have separate electric meters which the tenants pay, and the landlord pays central water/sewer meters, trash removal, and hallway lighting and heating. There is a basement. The GIM is 8.38.

Last Agent to Sell the Property

Philip McGinnis

McGinnis Commercial Real Estate License #R1-0001967 Listed on: 07/13/2023

Last Buyer's Agent

Jennifer Flores

Foraker Realty Co. License #0037766

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,826

Year Built

  • Built in 1900

Lot Details

  • 3,681 Sq Ft Lot
  • Lot Dimensions are 22.75 x 150.00
  • Downtown Location
  • Property is in good condition

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Brick Foundation
  • Asbestos Shingle Roof

Interior Spaces

  • 2,739 Sq Ft Home
  • Basement
  • Dirt Floor

Flooring

  • Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for accounting/legal, advertising/licenses and permits, insurance, lawn/shrub care, management, repairs, reserves for replacement, sewer, real estate taxes, water
  • Tax Lot 0700-000
  • Assessor Parcel Number ED-05-07705-04-0700-000

Community Details

Overview

  • 4 Units
  • 3-Story Building

Building Details

  • Income includes apartment rentals
  • Insurance Expense $3,150
  • Maintenance Expense $4,574
  • Manager Expense $2,970
  • Operating Expense $17,265
  • Gross Income $29,700
  • Net Operating Income $11,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,826

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Exclusions: Furniture
  • Historic: No
  • Inclusions: Appliances
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring Type: Carpet, Vinyl
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Brick/Mortar
  • Room Count: 13
  • Basement: Yes
  • Basement Type: Dirt Floor
  • Total Sq Ft: 2739
  • Living Area Sq Ft: 2739
  • Price Per Sq Ft: 90.91
  • Above Grade Finished Sq Ft: 2739
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 31

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Road Surface Type: Black Top
  • Roof: Asbestos Shingle
  • Spa: No
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • Professional Management Expense: 2970.00
  • Association Recreation Fee: No

Schools

  • School District: CAPITAL
  • School District Key: 300200396888
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 22.75 x 150.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3681.00
  • Property Condition: Good
  • Year Assessed: 2023
  • Zoning: RG1
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Owner Pays: Accounting/Legal, Advertising/Licenses And Permits, Insurance, Lawn/Shrub Care, Management, Repairs, Reserves For Replacement, Sewer, Taxes - Real Estate, Water
  • Rent Control: No
  • Total Actual Rent: 29700.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 1036.00
  • Tax Annual Amount: 1826.00
  • Assessor Parcel Number: ED-05-07705-04-0700-000
  • Tax Lot: 0700-000
  • Tax Total Finished Sq Ft: 2222
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 02/22/2024

Multi Family

  • Gross Income: 29700.00
  • Gross Scheduled Income: 29700.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 17265.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Single Room Units Count: 2

MLS Schools

  • School District Name: CAPITAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2023
Closed on
Feb 19, 2024
Sold by
Koch Daniel and Koch Kathleen W
Bought by
Vargas Abraham Diaz
Seller's Agent
Philip McGinnis
McGinnis Commercial Real Estate
Buyer's Agent
Jennifer Flores
Foraker Realty Co.
List Price
$249,000
Sold Price
$247,000
Premium/Discount to List
-$2,000
-0.8%
Views
77
Current Estimated Value
$279,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,634
Avg. Annual Appreciation
8.13%
Source: Public Records

Range of Values:

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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
Vargas Abraham Diaz $247,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2024 02/22/24 Sold $247,000 -0.8% $90 / Sq Ft
02/03/2024 02/03/24 Pending -- -- --
07/13/2023 07/13/23 For Sale $249,000 -- $91 / 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
2024 $1,295 $228,100 $79,300 $148,800
2023 $1,198 $40,700 $5,400 $35,300
2022 $1,158 $40,700 $5,400 $35,300
2021 $1,116 $40,700 $5,400 $35,300
2020 $1,078 $40,700 $5,400 $35,300
2019 $1,019 $40,700 $5,400 $35,300
2018 $930 $40,700 $5,400 $35,300
2017 $914 $40,700 $0 $0
2016 $918 $40,700 $0 $0
2015 -- $40,700 $0 $0
2014 -- $40,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Philip McGinnis

    Seller's Agent in 2024

    Philip McGinnis

    McGinnis Commercial Real Estate

    (302) 270-0656

    3 in this area

    37 Total Sales

    Section Image
  • Jennifer Flores

    Buyer's Agent in 2024

    Jennifer Flores

    Foraker Realty Co.

    (302) 723-5804

    1 in this area

    20 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: DEKT2021204

Bright MLS

APN: 2-05-07705-04-0700-000

Delaware Kent County Dover 19901 Downtown Dover

31 S Bradford St, Dover, DE

This home is located at 31 S Bradford St, Dover, DE 19901 since 13 July 2023 and is currently estimated at $274,708, approximately $100 per square foot. This property was built in 1900. 31 S Bradford St is a home located in Kent County with nearby schools including Booker T. Washington Elementary School, Central Middle School, and William Henry Middle School.

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