NOT LISTED FOR SALE

516 E 4th St Laurel, DE 19956

Estimated Value: $136,000 - $216,000

2 Beds
2 Baths
1,248 Sq Ft
$144/Sq Ft Est. Value

Last Sold November 22, 2022

Last sale price $162,000 $130 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $983/month

117 Days on Market

Highlights

  • Deck
  • Farmhouse Style Home
  • Loft
  • Wood Flooring
  • Attic
  • No HOA

About This Home

As of November 2022

This quaint in-town home would make a perfect starter home or even a great rental investment! Home features new heating and air, new hot water heater, and new flooring and carpet throughout the entire house. Freshly painted interior, including the kitchen cabinets. Home features a spacious family room with beautiful hardwood floors, large dining room, and two roomy bedrooms. Newly stained back deck which looks onto this beautiful, peaceful backyard with a view of the woods and a small creek that runs in the neighbor's backyard. There is plenty of room in this ample backyard for children to play. Close to local restaurants. Enjoy the low DE property taxes. Home is 45 minutes to Rehoboth Beach, Lewes, Bethany Beach, and Ocean City, MD, also only about 15 minutes to Salisbury, MD which features plenty of shopping and restaurants. Property sold as-is. Don't miss out on this opportunity!

Last Listed By

Russell Griffin

Keller Williams Realty License #RA-0020424 Listed on: 06/03/2022

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $693

Year Built

  • Built in 1973

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 45.00 x 247.00
  • Back Yard
  • Property is zoned TN

Parking

  • 1 Car Detached Garage
  • 2 Driveway Spaces
  • Front Facing Garage
  • Shared Driveway

Home Design

  • Farmhouse Style Home
  • Vinyl Siding

Interior Spaces

  • 1,248 Sq Ft Home
  • Property has 2 Levels
  • Crown Molding
  • Window Screens
  • Family Room
  • Dining Room
  • Loft
  • Crawl Space
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Gas Oven or Range
  • Range Hood
  • Ice Maker

Flooring

  • Wood
  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Outdoor Features

  • Deck
  • Porch

Location

  • Flood Risk

Schools

  • Laurel Intermediate School
  • Laurel Middle School
  • Laurel Senior High School

Utilities

  • Central Air
  • Heat Pump System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 332-01.07-272.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$693

Year Built

Built in 1973

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Farmhouse/National Folk
  • Sussex De Quadrants: West of Rt 13
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1973
  • Automatically Close On Close Date: No
  • Remarks Public: This quaint in-town home would make a perfect starter home or even a great rental investment! Home features new heating and air, new hot water heater, and new flooring and carpet throughout the entire house. Freshly painted interior, including the kitchen cabinets. Home features a spacious family room with beautiful hardwood floors, large dining room, and two roomy bedrooms. Newly stained back deck which looks onto this beautiful, peaceful backyard with a view of the woods and a small creek that runs in the neighbor's backyard. There is plenty of room in this ample backyard for children to play. Close to local restaurants. Enjoy the low DE property taxes. Home is 45 minutes to Rehoboth Beach, Lewes, Bethany Beach, and Ocean City, MD, also only about 15 minutes to Salisbury, MD which features plenty of shopping and restaurants. Property sold as-is. Don't miss out on this opportunity!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Icemaker, Water Heater, Oven/Range - Gas, Range Hood, Washer/Dryer Hookups Only
  • Flooring Type: Carpet, Luxury Vinyl Plank
  • Interior Amenities: Attic, Crown Moldings, Dining Area, Primary Bath(s), Stall Shower, Tub Shower, Wood Floors
  • Window Features: Screens
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Family Room, Laundry, Loft, Primary Bathroom, Full Bath
  • Basement: No
  • Laundry Type: Has Laundry, Hookup
  • Total Sq Ft: 1248
  • Living Area Sq Ft: 1248
  • Price Per Sq Ft: 132.93
  • Above Grade Finished Sq Ft: 1248
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 516

Beds/Baths

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

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Shared Driveway
  • Garage Features: Garage - Front Entry
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Detached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: LAUREL
  • Elementary School: LAUREL INTERMEDIATE SCHOOL
  • Middle School: LAUREL
  • High School: LAUREL SENIOR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396897
  • School District Source: Listing Agent
  • Elementary School: LAUREL INTERMEDIATE SCHOOL
  • High School: LAUREL SENIOR
  • Middle Or Junior School: LAUREL

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RS
  • Lot Features: Rear Yard
  • Lot Size Acres: 0.25
  • Lot Dimensions: 45.00 x 247.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10890.00
  • Outdoor Living Structures: Porch(es), Deck(s)
  • Year Assessed: 2021
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5186002
  • School Tax: 286.00
  • Tax Annual Amount: 693.26
  • Assessor Parcel Number: 332-01.07-272.00
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 11/22/2022

MLS Schools

  • School District Name: LAUREL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2022
Closed on
Nov 21, 2022
Sold by
Richardson James B
Bought by
Marcellus Luc S
Seller's Agent
Russell Griffin
Keller Williams Realty
Buyer's Agent
Heidi Penuel
Keller Williams Realty
List Price
$199,000
Sold Price
$162,000
Premium/Discount to List
-$37,000
-18.59%
Total Days on Market
117
Views
56
Current Estimated Value
$179,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,743
Avg. Annual Appreciation
4.23%
Original Mortgage
$159,065
Outstanding Balance
$155,170
Interest Rate
7.08%
Mortgage Type
FHA
Estimated Equity
$24,196

Purchase Details

Listed on
Jan 10, 2022
Closed on
Feb 18, 2022
Sold by
Sunset Valley Properties Llc
Bought by
Richardson James B and Riggin John N
Seller's Agent
GLENN FORNOFF
Iron Valley Real Estate at The Beach
Buyer's Agent
Amanda Hall
Keller Williams Realty
List Price
$129,900
Sold Price
$118,000
Premium/Discount to List
-$11,900
-9.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.74%
Original Mortgage
$100,300
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 10, 2022
Closed on
Jan 3, 2022
Sold by
Dukes Jr Arthur R
Bought by
Sunset Valley Properties Llc
Seller's Agent
GLENN FORNOFF
Iron Valley Real Estate at The Beach
Buyer's Agent
Amanda Hall
Keller Williams Realty
List Price
$129,900
Sold Price
$118,000
Premium/Discount to List
-$11,900
-9.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,300
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 22, 2014
Closed on
Mar 17, 2014
Sold by
The Patricia Engberg Revocable Trust
Bought by
Dukes Arthur R and Dukes Joyce M
Seller's Agent
FRAN RUARK
The Real Estate Market
Buyer's Agent
TINA MOORE
The Real Estate Market
List Price
$50,000
Sold Price
$50,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.44%

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
Marcellus Luc S $162,000 --
Richardson James B $118,000 None Listed On Document
Sunset Valley Properties Llc $70,000 Mccartney & Owens Pa
Dukes Arthur R $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marcellus Luc S $159,065
Previous Owner Richardson James B $100,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2022 11/22/22 Sold $162,000 -2.4% $130 / Sq Ft
09/28/2022 09/28/22 Pending -- -- --
09/07/2022 09/07/22 Price Changed $165,900 -7.3% $133 / Sq Ft
07/30/2022 07/30/22 Price Changed $179,000 -3.7% $143 / Sq Ft
07/07/2022 07/07/22 Price Changed $185,900 -6.6% $149 / Sq Ft
06/30/2022 06/30/22 For Sale $199,000 0.0% $159 / Sq Ft
06/06/2022 06/06/22 Pending -- -- --
06/03/2022 06/03/22 For Sale $199,000 +68.6% $159 / Sq Ft
02/18/2022 02/18/22 Sold $118,000 -9.2% --
01/21/2022 01/21/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $129,900 +159.8% --
03/17/2014 03/17/14 Sold $50,000 0.0% $50,000 / Sq Ft
02/20/2014 02/20/14 Pending -- -- --
01/22/2014 01/22/14 For Sale $50,000 -- $50,000 / 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 $344 $6,300 $1,100 $5,200
2023 $390 $6,300 $1,100 $5,200
2022 $317 $6,300 $1,100 $5,200
2021 $314 $6,300 $1,100 $5,200
2020 $322 $6,300 $1,100 $5,200
2019 $323 $6,300 $1,100 $5,200
2018 $353 $6,300 $0 $0
2017 $342 $6,300 $0 $0
2016 $364 $6,300 $0 $0
2015 $314 $6,300 $0 $0
2014 $278 $6,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Bright MLS

MLS Number: DESU2022852

Bright MLS

APN: 332-01.07-272.00