NOT LISTED FOR SALE

405 W 7th St Laurel, DE 19956

Estimated Value: $167,000 - $189,000

2 Beds
1 Bath
772 Sq Ft
$233/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $150,000 $194 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $977/month

64 Days on Market

Highlights

  • No HOA
  • Screened Patio
  • Combination Kitchen and Dining Room
  • Cottage
  • Doors swing in
  • Ceiling Fan

About This Home

As of September 2022

Check out this beautifully cared for cozy home in the town limits of Laurel on a quiet street. This home offers a large back yard with a privacy fence and shed/outbuilding - great area for entertaining. Inside this cozy how is 2 bedrooms and 1 bathroom, new LVP flooring, newer windows, newer ductless mini-split Mitsubishi unit, and much more! This is a great energy efficient home that is great for the first time home buyer or investor looking to increase their rental portfolio. Property sold AS-IS.

Last Agent to Sell the Property

Cody Revel

(443) 265-2875 cody.revel@cbrealty.com Coldwell Banker Realty License #5002570 Listed on: 06/18/2022

Coldwell Banker Realty

Last Buyer's Agent

Tammy Rust

(302) 542-8187 realtortrust@gmail.com JACK LINGO MILLSBORO License #RS-0017335

JACK LINGO MILLSBORO

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $444

Year Built

  • Built in 1947

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 36.00 x 165.00
  • Privacy Fence
  • Property is in good condition
  • Property is zoned TN

Parking

  • On-Street Parking

Home Design

  • Cottage
  • Bungalow
  • Asphalt Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 772 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Combination Kitchen and Dining Room
  • Crawl Space
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Screened Patio
  • Outbuilding

Utilities

  • Ductless Heating Or Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash
  • Public Septic

Additional Features

  • Doors swing in
  • Energy-Efficient Windows

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 432-08.06-270.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$444

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow, Cottage
  • Sussex De Quadrants: West of Rt 13
  • Accessibility Features: Doors - Swing In
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-06-18
  • Federal Flood Zone: No
  • Year Built: 1947
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator, Water Heater, Washer, Dryer
  • Interior Amenities: Ceiling Fan(s), Combination Kitchen/Dining
  • Window Features: Energy Efficient
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 772
  • Living Area Sq Ft: 772
  • Price Per Sq Ft: 187.82
  • Above Grade Finished Sq Ft: 772
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Mixed, Stick Built, Vinyl Siding
  • Exterior Features: Sidewalks, Outbuilding(s)
  • Roof: Asphalt
  • 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: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Privacy
  • Lot Size Acres: 0.13
  • Lot Dimensions: 36.00 x 165.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5663.00
  • Outdoor Living Structures: Screened
  • Property Condition: Good
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5222213
  • School Tax: 191.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 444.00
  • Assessor Parcel Number: 432-08.06-270.00
  • Tax Lot: 4
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: LAUREL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2022
Closed on
Sep 29, 2022
Sold by
Kimberly Greaves Whitley
Bought by
Marcus Francoise Martine
Seller's Agent
Cody Revel
Coldwell Banker Realty
Buyer's Agent
Tammy Rust
JACK LINGO MILLSBORO
List Price
$170,000
Sold Price
$150,000
Premium/Discount to List
-$20,000
-11.76%
Views
14
Current Estimated Value
$179,527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,527
Avg. Annual Appreciation
5.79%
Original Mortgage
$109,890
Outstanding Balance
$105,035
Interest Rate
5.13%
Mortgage Type
FHA
Estimated Equity
$74,492

Purchase Details

Listed on
Jan 14, 2021
Closed on
Apr 8, 2021
Sold by
Bay Joseph P and Bay Selena A
Bought by
Greaves Whitley K
Seller's Agent
Rick Nibblett
CALLAWAY FARNELL AND MOORE
Buyer's Agent
Cody Revel
Coldwell Banker Realty
List Price
$99,900
Sold Price
$98,500
Premium/Discount to List
-$1,400
-1.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.87%
Original Mortgage
$102,020
Interest Rate
3.05%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
May 8, 2019
Closed on
Jul 17, 2019
Sold by
Fleming Antionette and Fleming Shanta
Bought by
Bay Joseph P and Bay Selena A
Seller's Agent
Tina Moore
The Real Estate Market
Buyer's Agent
Christine Nibblett
Keller Williams Realty
List Price
$39,900
Sold Price
$23,000
Premium/Discount to List
-$16,900
-42.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
129.60%

Purchase Details

Closed on
Sep 25, 1997
Bought by
Fleming Adlyn Wilson and Lewis Flemin
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
Marcus Francoise Martine $150,000 --
Greaves Whitley K $98,500 None Available
Bay Joseph P $23,000 --
Fleming Adlyn Wilson -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marcus Francoise Martine $109,890
Previous Owner Greaves Whitley K $102,020
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/29/2022 09/29/22 Sold $150,000 +3.4% $194 / Sq Ft
08/22/2022 08/22/22 Pending -- -- --
08/10/2022 08/10/22 Price Changed $145,000 -12.1% $188 / Sq Ft
07/02/2022 07/02/22 Price Changed $164,900 -3.0% $214 / Sq Ft
06/18/2022 06/18/22 For Sale $170,000 +72.6% $220 / Sq Ft
04/08/2021 04/08/21 Sold $98,500 -1.4% $128 / Sq Ft View Prior Sale
01/25/2021 01/25/21 Pending -- -- --
01/14/2021 01/14/21 For Sale $99,900 +334.3% $129 / Sq Ft
07/10/2019 07/10/19 Sold $23,000 -42.4% $30 / Sq Ft View Prior Sale
06/14/2019 06/14/19 Pending -- -- --
05/08/2019 05/08/19 For Sale $39,900 -- $52 / 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
2025 $381 $4,100 $350 $3,750
2024 $233 $4,100 $350 $3,750
2023 $262 $4,100 $350 $3,750
2022 $230 $4,100 $350 $3,750
2021 $229 $4,100 $350 $3,750
2020 $210 $4,100 $350 $3,750
2019 $210 $4,100 $350 $3,750
2018 $230 $4,100 $0 $0
2017 $223 $4,100 $0 $0
2016 $237 $4,100 $0 $0
2015 $204 $4,100 $0 $0
2014 $181 $4,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2023942

Bright MLS

APN: 432-08.06-270.00