NOT LISTED FOR SALE

36 N New St Dover, DE 19904

Estimated Value: $268,655 - $307,000

Studio
3 Baths
2,548 Sq Ft
$112/Sq Ft Est. Value

Last Sold August 29, 2019

Last sale price $203,000 $80 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,550/month

169 Days on Market

Highlights

  • Traditional Architecture
  • Central Air
  • Property is in very good condition
  • No HOA
  • Electric Baseboard Heater
  • Carpet

About This Home

As of August 2019

Outstanding investment property adjacent to Wesley College with excellent cash flow. New roof and remodeled interior on all three units. Units rent between $625 and $675 each. Gross rents are $1975 per month currently -- all units are rented. Inspections for informational purposes only -- any repairs needed for financing will be the buyer's responsibility.

Last Agent to Sell the Property

Gilbert Myers

(302) 674-4255 grmyersjr@gmail.com Myers Realty License #RB-0020472 Listed on: 12/18/2018

Last Buyer's Agent

Yvette Biggs

(888) 543-4829 de.broker@exprealty.net EXP Realty, LLC License #667207

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,072

Year Built

  • Built in 1940 | Remodeled in 2015

Lot Details

  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,548 Sq Ft Home
  • Carpet

Schools

  • Dover High School

Utilities

  • Central Air
  • Electric Baseboard Heater
  • 220 Volts
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for personal property taxes, repairs, lawn/shrub care, insurance
  • Assessor Parcel Number 2-05-07608-05-1400-00001

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 2-Story Building

Building Details

  • Income includes apartment rentals
  • Gross Income $23,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,072

Year Built

Built in 1940 | Remodeled in 2015

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Tenant's Personal Property
  • Home Warranty: No
  • Inclusions: All Kitchen Appliances
  • New Construction: No
  • Year Built: 1940
  • Year Renovated: 2015
  • Special Features: None

Interior Features

  • Flooring Type: Carpet
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Basement: No
  • Total Sq Ft: 2548
  • Living Area Sq Ft: 2548
  • Price Per Sq Ft: 84.38
  • Above Grade Finished Sq Ft: 2548
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame
  • Roof: Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 220 Volts
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Electric Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: DOVER H.S.

Lot Info

  • Lot Size Units: Square Feet
  • Property Condition: Very Good
  • Zoning: RG1
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Taxes - Personal Property, Repairs, Lawn/Shrub Care, Insurance
  • Total Actual Rent: 23700.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 550.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1072.00
  • Assessor Parcel Number: 2-05-07608-05-1400-00001
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018

Multi Family

  • Gross Income: 18802.00
  • Gross Scheduled Income: 23700.00
  • Income Includes: Apartment Rentals
  • Vacancy Allowance Rate: 0.05

MLS Schools

  • School District Name: CAPITAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2018
Closed on
Sep 17, 2019
Sold by
Fenimore Properties Llc
Bought by
Powell Jasmin C
Seller's Agent
Gilbert Myers
Myers Realty
Buyer's Agent
Yvette Biggs
EXP Realty, LLC
List Price
$215,000
Sold Price
$203,000
Premium/Discount to List
-$12,000
-5.58%
Current Estimated Value
$280,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,589
Avg. Annual Appreciation
5.44%
Original Mortgage
$224,208
Outstanding Balance
$196,389
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$88,775

Purchase Details

Closed on
Apr 23, 2009
Sold by
Terra Firma Properties Llc
Bought by
Fenimore Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Powell Jasmin C $203,000 None Available
Fenimore Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Powell Jasmin C $224,208
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2019 08/29/19 Sold $203,000 -5.6% $80 / Sq Ft
06/05/2019 06/05/19 Pending -- -- --
04/12/2019 04/12/19 For Sale $215,000 +5.9% $84 / Sq Ft
02/18/2019 02/18/19 Off Market $203,000 -- --
01/31/2019 01/31/19 Pending -- -- --
12/18/2018 12/18/18 For Sale $215,000 -- $84 / 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 $1,103 $187,700 $38,000 $149,700
2024 $1,065 $187,700 $38,000 $149,700
2023 $815 $27,700 $2,800 $24,900
2022 $788 $27,700 $2,800 $24,900
2021 $759 $27,700 $2,800 $24,900
2020 $733 $27,700 $2,800 $24,900
2019 $693 $27,700 $2,800 $24,900
2018 $633 $27,700 $2,800 $24,900
2017 $622 $27,700 $0 $0
2016 $625 $27,700 $0 $0
2015 -- $27,700 $0 $0
2014 -- $27,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DEKT175194

Bright MLS

APN: 2-05-07608-05-1400-000