Seller's Agent in 2022
Gilbert Myers
Myers Realty
(302) 363-3950
9 in this area
113 Total Sales
31 S Main St Magnolia, DE 19962
Estimated Value: $289,000 - $377,393
--
Bed
4
Baths
3,780
Sq Ft
$87/Sq Ft
Est. Value
Highlights
- 1.2 Acre Lot
- Traditional Architecture
- Forced Air Heating and Cooling System
- Allen Frear Elementary School Rated A
About This Home
As of June 2022This 1.2+/- acre lot currently has an apartment house on it, which has 4 separate, 2 bedroom units. The building is in need of major repairs. There are plans drawn up to build four duplexes in this location, and the Town Council did approve the plans. Call the listing agent for more information and to schedule a showing. Property being sold "As Is". This property cannot go conventional financing.
Last Agent to Sell the Property
(302) 363-3950 grmyersjr@gmail.com Myers Realty License #RB-0020472 Listed on: 02/14/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,358
Year Built
- Built in 1850
Lot Details
- 1.2 Acre Lot
- Lot Dimensions are 1.20 x 0.00
Home Design
- 3,780 Sq Ft Home
- Quadruplex
- Traditional Architecture
- Fixer Upper
- Block Foundation
- Aluminum Siding
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
Community Details
- 4 Units
- 2-Story Building
Listing and Financial Details
- Assessor Parcel Number SM-15-11310-01-2000-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 14, 2022
Closed on
Jun 28, 2022
Sold by
Patel Vikram C
Bought by
Brower Jessica L and Flagler Timothy
Seller's Agent
Gilbert Myers
Myers Realty
Buyer's Agent
David Levenson
Northrop Realty
List Price
$299,900
Sold Price
$270,000
Premium/Discount to List
-$29,900
-9.97%
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
$60,348
Avg. Annual Appreciation
6.32%
Original Mortgage
$195,000
Outstanding Balance
$185,743
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$144,605
Purchase Details
Listed on
Sep 9, 2014
Closed on
Oct 7, 2015
Sold by
Frese Estates Llc
Bought by
Patel Vikram C
Seller's Agent
Renee Thompson
LakeView Realty Inc
Buyer's Agent
Jared Bowers
Keller Williams Realty
List Price
$225,000
Sold Price
$186,000
Premium/Discount to List
-$39,000
-17.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.70%
Original Mortgage
$130,200
Interest Rate
3.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 28, 2007
Sold by
Askew Steve
Bought by
Frese Estates Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Brower Jessica L | $270,000 | None Listed On Document | |
| Patel Vikram C | $186,000 | None Available | |
| Frese Estates Llc | $190,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Brower Jessica L | $195,000 | |
| Previous Owner | Patel Vikram C | $130,200 | |
| Previous Owner | Frese Estates Llc | $190,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/28/2022 06/28/22 | Sold | $270,000 | 0.0% | $71 / Sq Ft | |
| 03/18/2022 03/18/22 | Pending | -- | -- | -- | |
| 03/16/2022 03/16/22 | Off Market | $270,000 | -- | -- | |
| 02/14/2022 02/14/22 | For Sale | $299,900 | +61.2% | $79 / Sq Ft | |
| 10/09/2015 10/09/15 | Sold | $186,000 | -17.3% | $49 / Sq Ft | View Prior Sale |
| 08/19/2015 08/19/15 | Pending | -- | -- | -- | |
| 09/09/2014 09/09/14 | For Sale | $225,000 | -- | $60 / 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 |
|---|---|---|---|---|
| 2025 | $1,363 | $344,900 | $97,800 | $247,100 |
| 2024 | $1,363 | $344,900 | $97,800 | $247,100 |
| 2023 | $1,243 | $49,200 | $17,900 | $31,300 |
| 2022 | $1,173 | $49,200 | $17,900 | $31,300 |
| 2021 | $1,164 | $49,200 | $17,900 | $31,300 |
| 2020 | $1,144 | $49,200 | $17,900 | $31,300 |
| 2019 | $1,099 | $49,200 | $17,900 | $31,300 |
| 2018 | $1,059 | $49,200 | $17,900 | $31,300 |
| 2017 | $22 | $49,200 | $0 | $0 |
| 2016 | $1,007 | $49,200 | $0 | $0 |
| 2015 | -- | $49,200 | $0 | $0 |
| 2014 | -- | $49,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Gilbert Myers
-
David Levenson
Buyer's Agent in 2022
David Levenson
Creig Northrop Team of Long & Foster
(302) 245-2677
1 in this area
24 Total Sales
-
Renee Thompson
R
Seller's Agent in 2015
Renee Thompson
LakeView Realty Inc
(302) 222-8124
39 Total Sales
-
J
Buyer's Agent in 2015
Jared Bowers
Keller Williams Realty
Map
Source: Bright MLS
MLS Number: DEKT2008108
APN: 8-15-11310-01-2000-000
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