NOT LISTED FOR SALE

46 S Governors Ave Dover, DE 19904

Estimated Value: $239,000 - $297,639

Studio
2 Baths
3,088 Sq Ft
$84/Sq Ft Est. Value

Last Sold December 06, 2023

Last sale price $280,000 $91 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,455/month

34 Days on Market

Highlights

  • Colonial Architecture
  • Electric Baseboard Heater
  • 4-minute walk to Constitution Park

About This Home

As of December 2023

Great opportunity to own a four unit in downtown Dover near Delaware State University. 4 one bedroom units. All units have separate gas and electric. Buy today and start making a Profit today. Well maintained property with potential for more increased income. Don't wait. Multi units in downtown Dover have been selling quickly. One downstairs unit just rehab and is vacant and just calling for an owner occupant. Let the tenants pay your mortgage.
3 units currently rented with a gross income of $2,275 a month. Rents to increase on Jan 1 to $2,700 a month. possible income of $3,600 at full occupancy.

Last Agent to Sell the Property

Steve Schmidt

(302) 678-4326 steve@delawarerealestate.com RE/MAX Horizons License #RB-0031118 Listed on: 09/12/2023

RE/MAX Horizons

Co-Listed By

Barbara Schmidt

(302) 242-2737 barbara@delawarerealestate.com RE/MAX Horizons

Last Buyer's Agent

Steve Schmidt

(302) 678-4326 steve@delawarerealestate.com RE/MAX Horizons License #RB-0031118 Listed on: 09/12/2023

RE/MAX Horizons

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,529

Year Built

  • Built in 1900

Lot Details

  • 2,600 Sq Ft Lot
  • Lot Dimensions are 42.17 x 64.12

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Colonial Architecture
  • Frame Construction

Interior Spaces

  • 3,088 Sq Ft Home
  • Crawl Space

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 2400-000
  • Assessor Parcel Number ED-05-07705-03-2400-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,529

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Stories: 0

Interior Features

  • Foundation Details: Crawl Space
  • Basement: No
  • Total Sq Ft: 3088
  • Living Area Sq Ft: 3088
  • Price Per Sq Ft: 97.12
  • Above Grade Finished Sq Ft: 3088
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • 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
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 42.17 x 64.12
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2600.00
  • Zoning: C1A
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 822.00
  • Tax Annual Amount: 1529.00
  • Assessor Parcel Number: ED-05-07705-03-2400-000
  • Tax Lot: 2400-000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: CAPITAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 7, 2022
Sold by
John Hensley Jr
Bought by
Lee Monioue
Current Estimated Value
$260,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,210
Outstanding Balance
$172,560
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$88,100

Purchase Details

Closed on
Dec 1, 1984
Bought by
Hensley John and Forsee Daniel E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Lee Monioue $193,000 Baird Mandalas Brockstedt Llc
Hensley John $39,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Monioue $187,210
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2023 12/06/23 Sold $280,000 0.0% $91 / Sq Ft
10/29/2023 10/29/23 Off Market $280,000 -- --
10/26/2023 10/26/23 For Sale $299,900 0.0% $97 / Sq Ft
10/16/2023 10/16/23 Pending -- -- --
09/12/2023 09/12/23 For Sale $299,900 -- $97 / 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 $1,104 $187,900 $37,900 $150,000
2024 $1,067 $187,900 $37,900 $150,000
2023 $715 $24,300 $2,700 $21,600
2022 $692 $24,300 $2,700 $21,600
2021 $666 $24,300 $2,700 $21,600
2020 $643 $24,300 $2,700 $21,600
2019 $608 $24,300 $2,700 $21,600
2018 $555 $24,300 $2,700 $21,600
2017 $546 $24,300 $0 $0
2016 $548 $24,300 $0 $0
2015 -- $24,300 $0 $0
2014 -- $24,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steve Schmidt

    Seller's Agent in 2023

    Steve Schmidt

    RE/MAX

    (302) 678-4326

    77 in this area

    146 Total Sales

    Steve Schmidt
    Section Image
  • Barbara Schmidt

    Seller Co-Listing Agent in 2023

    Barbara Schmidt

    RE/MAX

    (302) 242-2737

    20 in this area

    54 Total Sales

    Barbara Schmidt
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DEKT2022678

Bright MLS

APN: 2-05-07705-03-3700-000

Delaware Kent County Dover 19904

46 S Governors Ave, Dover, DE

Not Listed for Sale

MultiFamily

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