NOT LISTED FOR SALE

55 S Caesar Rodney Ave Camden, DE 19934

Estimated Value: $914,521

-- Bed
1 Bath
3,991 Sq Ft
$229/Sq Ft Est. Value

Last Sold April 30, 2012

Last sale price $392,000 $98 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $5,064/month

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Ceiling Fan
  • Caesar Rodney High School Rated A-
  • Forced Air Heating and Cooling System
  • West Facing Home

About This Home

As of April 2012

Seven unit apartment building in Camden. Completely renovated in 2007. All leases are Delaware State Housing Authority Section Eight. Two leases are well below market rates. Building in great condition, with huge upside for this property. Please allow 24 hour notice for showing.

Last Agent to Sell the Property

Philip McGinnis

(302) 270-0656 pjm@mcginnisrealty.com McGinnis Commercial Real Estate License #R1-0001967 Listed on: 10/01/2011

Last Buyer's Agent

Gina Paret

(302) 367-5366 gina.r.paret@gmail.com First Coast Realty LLC License #RB-0031342

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,515

Year Built

  • Built in 2007

Lot Details

  • 8,365 Sq Ft Lot
  • Lot Dimensions are 46 x 180
  • West Facing Home
  • Property is in good condition

Home Design

  • Brick Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,991 Sq Ft Home
  • Ceiling Fan
  • Unfinished Basement
  • Partial Basement

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Private Parking
  • Parking Lot

Schools

  • Nellie Hughes Stokes Elementary School
  • Fred Fifer Middle School
  • Caesar Rodney High School

Utilities

  • Forced Air Heating and Cooling System
  • Back Up Electric Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 0100-000
  • Assessor Parcel Number NM-02-09410-02-0100-000

Community Details

Overview

  • No Home Owners Association
  • Camden Subdivision

Building Details

  • Electric Expense $1,207
  • Insurance Expense $1,211
  • Maintenance Expense $5,462
  • Other Expense $6,169
  • Operating Expense $21,764

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,515

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Inclusions: Kitchen Appliances
  • New Construction: No
  • Other Expense: 6169.00
  • Year Built: 2007
  • Remarks Public: Seven unit apartment building in Camden. Completely renovated in 2007. All leases are Delaware State Housing Authority Section Eight. Two leases are well below market rates. Building in great condition, with huge upside for this property. Please allow 24 hour notice for showing.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Entry Location: Private
  • Foundation Details: Brick/Mortar
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Partial, Unfinished
  • Total Sq Ft: 3991
  • Living Area Sq Ft: 3991
  • Price Per Sq Ft: 112.75
  • Above Grade Finished Sq Ft: 3991
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 55

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 5
  • Parking Features: Private
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Expense: 1207.00
  • Electric Service: Circuit Breakers
  • Heating Type: Heat Pump - Electric Backup, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 4200.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: CAESAR RODNEY
  • Elementary School: NELLIE HUGHES STOKES
  • Middle School: FRED FIFER
  • High School: CAESAR RODNEY
  • School District Key: 300200396889
  • Elementary School: NELLIE HUGHES STOKES
  • High School: CAESAR RODNEY
  • Middle Or Junior School: FRED FIFER

Lot Info

  • Lot Size Acres: 0.19
  • Lot Dimensions: 46 X 180
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8365.00
  • Property Condition: Good

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 62664.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7

Tax Info

  • Assessor Parcel Number: 2470251
  • Tax Annual Amount: 3515.00
  • Assessor Parcel Number: NM-02-09410-02-0100-000
  • Tax Lot: 0100-000
  • Tax Year: 2011
  • Close Date: 04/30/2012

MLS Schools

  • School District Name: CAESAR RODNEY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2011
Closed on
Apr 30, 2012
Sold by
Smith Bennie L and Smith Shirley M
Bought by
Ymh Llc
Seller's Agent
Philip McGinnis
McGinnis Commercial Real Estate
Buyer's Agent
Gina Paret
First Coast Realty LLC
List Price
$450,000
Sold Price
$392,000
Premium/Discount to List
-$58,000
-12.89%
Current Estimated Value
$914,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$522,521
Avg. Annual Appreciation
6.51%
Original Mortgage
$335,750
Interest Rate
3.91%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 2002
Bought by
Ymh, Llc and Smith Bennie L
Source: Public Records

Range of Values:

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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
Ymh Llc $392,000 None Available
Ymh, Llc $392,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ymh Llc $335,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2012 04/30/12 Sold $392,000 -12.9% $98 / Sq Ft
01/31/2012 01/31/12 Pending -- -- --
10/01/2011 10/01/11 For Sale $450,000 -- $113 / 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 $2,583 $653,800 $119,600 $534,200
2024 $2,583 $653,800 $119,600 $534,200
2023 $2,469 $97,700 $14,900 $82,800
2022 $2,330 $97,700 $14,900 $82,800
2021 $2,311 $97,700 $14,900 $82,800
2020 $2,272 $97,700 $14,900 $82,800
2019 $2,181 $97,700 $14,900 $82,800
2018 $2,103 $97,700 $14,900 $82,800
2017 $2,042 $97,700 $0 $0
2016 $1,999 $97,700 $0 $0
2015 -- $97,700 $0 $0
2014 -- $97,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Philip McGinnis

    Seller's Agent in 2012

    Philip McGinnis

    McGinnis Commercial Real Estate

    (302) 270-0656

    1 in this area

    35 Total Sales

    Philip McGinnis
    Section Image
  • Gina Paret

    Buyer's Agent in 2012

    Gina Paret

    First Coast Realty LLC

    (302) 367-5366

    21 Total Sales

    Gina Paret
    Section Image
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Map

Source: Bright MLS

MLS Number: 1004583202

Bright MLS

APN: 7-02-09410-02-0100-000

Delaware Kent County Camden 19934

55 S Caesar Rodney Ave, Camden, DE

This home is located at 55 S Caesar Rodney Ave, Camden, DE 19934 since 01 October 2011 and is currently estimated at $914,521, approximately $229 per square foot. This property was built in 2007. 55 S Caesar Rodney Ave is a home located in Kent County with nearby schools including W.B. Simpson Elementary School, Fred Fifer Middle School, and Caesar Rodney High School.

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