$525,000
SOLD OCT 23, 2024

323 W Commerce St Smyrna, DE 19977

7 Beds
3 Baths
3,029 Sq Ft
0.38 Acres

Recently Sold

$173 Per Sq Ft

9 Days on Market

Highlights

  • A-Frame Home
  • 4 Car Detached Garage
  • Back Up Electric Heat Pump System
  • No HOA

About This Home

As of October 2024

!! UNIQUE INVESTMENT OPPORTUNITY !!

Live on one side, rent out the other, and inherit an opportunity to add additional units.

This duplex has been fully remodeled and is move in / rent-out ready!

Upgrades include: New electrical, plumbing, drywall/insulation, windows, doors, roofs, siding, floors, brand new kitchens and bathrooms with high end appliances and granite countertops, and much more.

Currently sitting on a single parcel, there has already been subdivision plans drawn, submitted, and ready to move forward with; allowing the new owner(s) to turn this massive lot into 3 separate property’s --- provided a 3rd unit be built on the lot to the right of # 323. The massive garage in the back provides the potential (pending town approval) to add an Accessory Dwelling Unit and would transform this property into even more of a cash cow!! Located within Smyrna’s Downtown Re-Development District, investors are able to take advantage of the towns Re-Development Program and receive up to 20% back on any building expenses, truly making this deal a HOME RUN.

#321 features

Roughly 1,000 Sq Ft
3 Beds 1 Full Bath
Open floor plan
Screened in Porch
1 Car Garage

#323 Features

Roughly 2,000 SqFt
5 Beds 2 Full Baths
Open Floor Plan
3 car Garage

Don’t miss out!! Book your appointment today!!

Last Agent to Sell the Property

Connor Slocomb

Crown Homes Real Estate License #RS0037365 Listed on: 08/20/2024

Last Buyer's Agent

Rachel Papaleo

Patterson-Schwartz-Hockessin License #RS0036822

Patterson-Schwartz-Hockessin

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,285

Year Built

  • Built in 1860

Lot Details

  • Lot Dimensions are 75.33 x 211.74

Parking

  • 4 Car Detached Garage

Home Design

  • Semi-Detached or Twin Home
  • A-Frame Home
  • Block Foundation
  • Stone Foundation
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 3,029 Sq Ft Home
  • Property has 3 Levels
  • Unfinished Basement

Bedrooms and Bathrooms

Utilities

  • Ductless Heating Or Cooling System
  • Back Up Electric Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4100-000
  • Assessor Parcel Number DC-17-01017-03-4100-000

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,285

Year Built

Built in 1860

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: A-Frame
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1860
  • Automatically Close On Close Date: No
  • Remarks Public: !! UNIQUE INVESTMENT OPPORTUNITY !! Live on one side, rent out the other, and inherit an opportunity to add additional units. This duplex has been fully remodeled and is move in / rent-out ready! Upgrades include: New electrical, plumbing, drywall/insulation, windows, doors, roofs, siding, floors, brand new kitchens and bathrooms with high end appliances and granite countertops, and much more. Currently sitting on a single parcel, there has already been subdivision plans drawn, submitted, and ready to move forward with; allowing the new owner(s) to turn this massive lot into 3 separate property’s --- provided a 3rd unit be built on the lot to the right of # 323. The massive garage in the back provides the potential (pending town approval) to add an Accessory Dwelling Unit and would transform this property into even more of a cash cow!! Located within Smyrna’s Downtown Re-Development District, investors are able to take advantage of the towns Re-Development Program and receive up to 20% back on any building expenses, truly making this deal a HOME RUN. #321 features Roughly 1,000 Sq Ft 3 Beds 1 Full Bath Open floor plan Screened in Porch 1 Car Garage #323 Features Roughly 2,000 SqFt 5 Beds 2 Full Baths Open Floor Plan 3 car Garage Don’t miss out!! Book your appointment today!!
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Foundation Details: Block, Stone
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 3029
  • Living Area Sq Ft: 3029
  • Price Per Sq Ft: 173.32
  • Above Grade Finished Sq Ft: 3029
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 323

Beds/Baths

  • Bedrooms: 7
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Aluminum Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Garage Features: Oversized
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer

Condo/Co-op/Association

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

Schools

  • School District: SMYRNA
  • School District Key: 300200396884
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.38
  • Lot Dimensions: 75.33 x 211.74
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16342.00
  • Year Assessed: 2023
  • Zoning: R3
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 945.00
  • Tax Annual Amount: 1285.00
  • Assessor Parcel Number: DC-17-01017-03-4100-000
  • Tax Lot: 4100-000
  • Tax Total Finished Sq Ft: 3029
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 10/23/2024

MLS Schools

  • School District Name: SMYRNA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2024
Closed on
Oct 25, 2024
Sold by
Property Connect Llc
Bought by
Yontz Dietrich and Hennigar Alexandra Marie
Seller's Agent
Connor Slocomb
Crown Homes Real Estate
Buyer's Agent
Rachel Papaleo
Patterson-Schwartz-Hockessin
List Price
$525,000
Sold Price
$525,000
Total Days on Market
9
Views
16
Current Estimated Value
$513,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,439
Avg. Annual Appreciation
-3.44%
Original Mortgage
$515,490
Outstanding Balance
$511,237
Interest Rate
6.54%
Mortgage Type
FHA
Estimated Equity
-$1,256

Purchase Details

Closed on
May 13, 2022
Sold by
Aiken Steven A
Bought by
Property Connect Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
4.48%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 29, 2012
Sold by
Marker James D and Marker Katz Cheryl N
Bought by
Aiken Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,600
Interest Rate
3.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Deed -- None Listed On Document
Deed -- None Listed On Document
Deed $150,000 Joseph Meyer Llc
Deed $152,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $515,490 FHA
Closed $515,490 FHA
Previous Owner $245,000 Construction
Previous Owner $121,600 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2024 10/23/24 Sold $525,000 0.0% $173 / Sq Ft
08/29/2024 08/29/24 Pending -- -- --
08/20/2024 08/20/24 For Sale $525,000 -- $173 / 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 $3,868 $326,600 $65,300 $261,300
2023 $2,331 $44,900 $7,100 $37,800
2022 $1,138 $44,900 $7,100 $37,800
2021 $1,115 $44,900 $7,100 $37,800
2020 $974 $44,900 $7,100 $37,800
2019 $984 $44,900 $7,100 $37,800
2018 $984 $44,900 $7,100 $37,800
2017 $981 $44,900 $0 $0
2016 $995 $44,900 $0 $0
2015 $999 $44,900 $0 $0
2014 $934 $44,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DEKT2030240

Bright MLS

APN: 1-17-01017-03-4100-000