NOT LISTED FOR SALE

500 N 2nd St Del Mar, DE 19940

Estimated Value: $163,577 - $258,000

-- Bed
2 Baths
1,350 Sq Ft
$161/Sq Ft Est. Value

Last Sold July 20, 2021

Last sale price $125,000 $93 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $1,177/month

12 Days on Market

Highlights

  • Traditional Architecture
  • More Than Two Accessible Exits
  • Electric Baseboard Heater
  • No HOA

About This Home

As of July 2021

Investors - This 2 story income producing duplex is located on a corner lot within the town limits of Delmar DE. One unit is located on the upper level and the other on the ground level. Upper level unit offers 2 bed rooms, 1 bath, eat-in kitchen, nice size living room, an additional small room which could be used for extra storage or office area, rear deck and front porch. Laundry area is located in the bathroom of the upper level. Upper level unit was painted and new carpet installed within the last 2 years. Ground level unit also offers 2 bedrooms, 1 bath, eat-in kitchen, nice size living room, large separate laundry room and use of the side portion of the front porch. The property offers both on street parking and off street parking. Call to schedule your showing.

Last Agent to Sell the Property

Rhonda Hitch

Century 21 Home Team Realty Listed on: 05/12/2021

Century 21 Home Team Realty

Last Buyer's Agent

Chandler Dabbs

Long & Foster Real Estate, Inc. License #RS-0036578

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 65.00 x 101.00

Home Design

  • 1,350 Sq Ft Home
  • Duplex
  • Traditional Architecture
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding

Laundry

  • Electric Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • 2 Off-Street Spaces
  • On-Street Parking

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash

Additional Features

  • Electric Oven or Range
  • More Than Two Accessible Exits

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 532-20.10-44.01

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Sussex De Quadrants: West of Rt 13
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2021-05-12
  • Year Built: 1937
  • Automatically Close On Close Date: No
  • Remarks Public: Investors - This 2 story income producing duplex is located on a corner lot within the town limits of Delmar DE. One unit is located on the upper level and the other on the ground level. Upper level unit offers 2 bed rooms, 1 bath, eat-in kitchen, nice size living room, an additional small room which could be used for extra storage or office area, rear deck and front porch. Laundry area is located in the bathroom of the upper level. Upper level unit was painted and new carpet installed within the last 2 years. Ground level unit also offers 2 bedrooms, 1 bath, eat-in kitchen, nice size living room, large separate laundry room and use of the side portion of the front porch. The property offers both on street parking and off street parking. Call to schedule your showing.
  • Special Features: VirtualTour

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator, Washer, Dryer - Electric, Water Heater
  • Fireplace: No
  • Basement: No
  • Total Sq Ft: 1350
  • Living Area Sq Ft: 1350
  • Price Per Sq Ft: 129.56
  • Above Grade Finished Sq Ft: 1350
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 500

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Vinyl Siding
  • Roof: Architectural Shingle
  • 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: 2
  • Type Of Parking: On Street, Off Street
  • Off Street Parking Spaces: 2

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: DELMAR
  • School District Key: 300200397427
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RS
  • Lot Size Acres: 0.16
  • Lot Dimensions: 65.00 x 101.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6970.00
  • Year Assessed: 2020
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5231370
  • School Tax: 425.00
  • Tax Annual Amount: 1934.26
  • Assessor Parcel Number: 532-20.10-44.01
  • Tax Total Finished Sq Ft: 1350
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 07/20/2021

MLS Schools

  • School District Name: DELMAR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2021
Closed on
Jul 20, 2021
Sold by
311 Prop Invst Llc
Bought by
Hanyok Christopher and Hanyok Jessica
Seller's Agent
Rhonda Hitch
Century 21 Home Team Realty
Buyer's Agent
Chandler Dabbs
Long & Foster Real Estate, Inc.
List Price
$174,900
Sold Price
$125,000
Premium/Discount to List
-$49,900
-28.53%
Current Estimated Value
$207,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,573
Avg. Annual Appreciation
13.62%
Original Mortgage
$93,750
Interest Rate
2.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 19, 2017
Closed on
Jun 16, 2018
Sold by
Fitzwater Byron F
Bought by
311 Property Investments
Seller's Agent
James (David) Baugh
Keller Williams Realty
Buyer's Agent
Rhonda Hitch
Century 21 Home Team Realty
List Price
$110,000
Sold Price
$105,000
Premium/Discount to List
-$5,000
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.56%
Original Mortgage
$78,750
Interest Rate
4.44%
Mortgage Type
Unknown

Purchase Details

Listed on
Mar 19, 2017
Closed on
Apr 30, 2018
Sold by
Moyer Patrick D
Bought by
Fitzwater Byron F
Seller's Agent
James (David) Baugh
Keller Williams Realty
Buyer's Agent
Rhonda Hitch
Century 21 Home Team Realty
List Price
$110,000
Sold Price
$105,000
Premium/Discount to List
-$5,000
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
4.44%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 16, 2003
Bought by
Moyer Patrick D
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 Buyer Sale Price Title Company
Hanyok Christopher $125,000 None Available
311 Property Investments -- --
Fitzwater Byron F $105,000 --
Moyer Patrick D $79,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Hanyok Christopher $69,170
Closed Hanyok Christopher $93,750
Previous Owner Fitzwater Byron F $78,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2021 07/20/21 Sold $125,000 -28.5% $93 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
05/12/2021 05/12/21 For Sale $174,900 +66.6% $130 / Sq Ft
04/30/2018 04/30/18 Sold $105,000 -4.5% $37 / Sq Ft
02/26/2018 02/26/18 Pending -- -- --
11/16/2017 11/16/17 For Sale $110,000 0.0% $39 / Sq Ft
08/02/2017 08/02/17 Pending -- -- --
03/19/2017 03/19/17 For Sale $110,000 -- $39 / 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 $476 $9,450 $600 $8,850
2023 $470 $9,450 $600 $8,850
2022 $456 $9,450 $600 $8,850
2021 $486 $9,450 $600 $8,850
2020 $467 $9,450 $600 $8,850
2019 $464 $9,450 $600 $8,850
2018 $466 $9,450 $0 $0
2017 $467 $9,450 $0 $0
2016 $465 $9,450 $0 $0
2015 $486 $9,450 $0 $0
2014 $412 $9,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU182868

Bright MLS

APN: 532-20.10-44.01