NOT LISTED FOR SALE

Estimated Value: $328,000 - $351,000

Studio
1 Bath
1,800 Sq Ft
$191/Sq Ft Est. Value

Sale Details

Date Sold: December 18, 2024

Last sale price $319,000 $177 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,932 / mo

6 Days on Market

Highlights

  • A-Frame Home
  • Central Air
  • Back Up Electric Heat Pump System
  • Porch

About This Home

As of December 2024

GREAT INVESTMENT OPPORTUNITY: Income producing duplex in the heart of Georgetown next to public park and baseball fields. 313A (downstairs) has 2BR/1BA and 313B (upstairs) has 3BR/1BA. Total rent for both units is currently $1950/month and tenants pay all utilities. Downstairs unit recently renovated with upgrades to kitchen, floors, paint, bathroom. Convenient location with extremely low vacancy rate and high capitalization rate. Large lot backs up to Cooper Alley for easy access in or out and plenty of parking. Town code allows multitude of uses for this property with potential for subdivision of lot. Could be an office space or business to just name a few. Adjacent duplex also available. Multiple offer situation. All offers due by Sunday 11/3 at 12pm.

Last Agent to Sell the Property

John Rishko

(302) 703-6987 jgiles@psre.com Patterson-Schwartz-Rehoboth Brokerage Phone: 3027036987 Listed on: 10/28/2024

Patterson-Schwartz-Rehoboth

Last Buyer's Agent

Nancye Vermillion

(302) 360-0300 steve@srarealty.com Keller Williams Realty License #RS-5008918

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $611

Year Built

  • Built in 1914 | Remodeled in 2012

Lot Details

  • 17,760 Sq Ft Lot
  • Lot Dimensions are 69 x 257

Home Design

  • Duplex
  • A-Frame Home
  • Block Foundation
  • Stick Built Home

Interior Spaces

  • 1,800 Sq Ft Home
  • Crawl Space

Parking

  • 20 Parking Spaces
  • 20 Driveway Spaces

Outdoor Features

  • Porch

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 135-15.17-36.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$611

Year Built

Built in 1914 | Remodeled in 2012

Lot Details

0.41 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: A-Frame
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1914
  • Year Renovated: 2012
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Foundation Details: Block, Crawl Space
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1800
  • Living Area Sq Ft: 1800
  • Price Per Sq Ft: 177.22
  • Above Grade Finished Sq Ft: 1800
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built
  • Exterior Features: Sidewalks
  • 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: 20
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 20

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Land Lease: No
  • Lot Size Acres: 0.41
  • Lot Dimensions: 69 x 257
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 17760.00
  • Outdoor Living Structures: Porch(es)
  • Zoning: UB2- TOWN
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Total Actual Rent: 22800.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 611.00
  • Assessor Parcel Number: 135-15.17-36.00
  • Tax Year: 2024

MLS Schools

  • School District Name: INDIAN RIVER

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
Oct 28, 2024
Closed on
Dec 18, 2024
Sold by
Bought by
Seller's Agent
John Rishko
Patterson-Schwartz-Rehoboth
Buyer's Agent
Nancye Vermillion
Keller Williams Realty
List Price
$319,000
Sold Price
$319,000
Views
11
Current Estimated Value
$344,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,007
Avg. Annual Appreciation
4.96%
Original Mortgage
$239,250
Interest Rate
0.0678%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 17, 2012
Closed on
Jan 17, 2013
Sold by
Bought by
Seller's Agent
LISA HERSHELMAN
INDIAN RIVER LAND CO
Buyer's Agent
Joseph Maggio
Dave McCarthy & Associates, Inc.
List Price
$190,000
Sold Price
$190,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.38%
Original Mortgage
$100,000
Interest Rate
0.0346%

Purchase Details

Listed on
Sep 17, 2012
Closed on
Nov 20, 2012
Sold by
Bought by
Seller's Agent
LISA HERSHELMAN
INDIAN RIVER LAND CO
Buyer's Agent
Joseph Maggio
Dave McCarthy & Associates, Inc.
List Price
$190,000
Sold Price
$190,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
0.0346%
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

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
$319,000 None Listed On Document
-- --
$190,000 --
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 $239,250
Previous Owner $100,000
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 Prior Sale
12/18/2024 12/18/24 Sold $319,000 0.0% $177 / Sq Ft
11/03/2024 11/03/24 Pending -- -- --
10/28/2024 10/28/24 For Sale $319,000 +67.9% $177 / Sq Ft
11/20/2012 11/20/12 Sold $190,000 0.0% -- View Prior Sale
10/08/2012 10/08/12 Pending -- -- --
09/17/2012 09/17/12 For Sale $190,000 -- --
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 $759 $14,800 $2,450 $12,350
2024 $612 $14,800 $2,450 $12,350
2023 $611 $14,800 $2,450 $12,350
2022 $601 $14,800 $2,450 $12,350
2021 $583 $14,800 $2,450 $12,350
2020 $557 $14,800 $2,450 $12,350
2019 $554 $14,800 $2,450 $12,350
2018 $560 $14,800 $0 $0
2017 $564 $14,800 $0 $0
2016 $497 $14,800 $0 $0
2015 $513 $14,800 $0 $0
2014 $505 $14,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2073002

Bright MLS

APN: 135-15.17-36.00

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