NOT LISTED FOR SALE

601 E Grove St Delmar, DE 19940

Estimated Value: $213,485 - $303,000

-- Bed
2 Baths
2,221 Sq Ft
$115/Sq Ft Est. Value

Last Sold September 09, 2022

Last sale price $147,500 $66 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $1,405/month

10 Days on Market

Highlights

  • Traditional Architecture
  • Shed
  • Electric Baseboard Heater
  • More Than Two Accessible Exits
  • Ceiling Fan
  • Carpet

About This Home

As of September 2022

Great Investor Opportunity! This Duplex offers 2 units (lower level and a upper level). Upper level has 2 bedrooms, 1 additional room that could be an office and 1 bath. Rented at $725 per month. Lower level has 3 bedrooms and 1 bath. Rented at $775 per month. Each unit has kitchen with refrigerator, range/oven with range hood. Each unit also has washer and dryer hookup. Property has a block storage building, and property offers off street parking. Duplex is located on a corner lot diagonal of the park. Both units are currently occupied. All showings require a 48hr notice.

Last Agent to Sell the Property

Rhonda Hitch

(302) 990-2006 rhonda@c21hometeam.com Century 21 Home Team Realty Listed on: 08/04/2022

Century 21 Home Team Realty

Last Buyer's Agent

Rhonda Hitch

(302) 990-2006 rhonda@c21hometeam.com Century 21 Home Team Realty Listed on: 08/04/2022

Century 21 Home Team Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,638

Year Built

  • Built in 1924

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 60.00 x 153.00

Home Design

  • Duplex
  • Traditional Architecture
  • Block Foundation
  • Frame Construction
  • Shingle Siding

Interior Spaces

  • 2,221 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Electric Oven or Range
  • Range Hood

Flooring

  • Carpet
  • Vinyl

Basement

  • Partial Basement
  • Crawl Space

Parking

  • On-Street Parking
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • 100 Amp Service
  • Electric Water Heater

Additional Features

  • More Than Two Accessible Exits
  • Shed

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 532-20.15-37.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,638

Year Built

Built in 1924

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
  • Year Built: 1924
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Oven/Range - Electric, Range Hood, Refrigerator, Water Heater
  • Flooring Type: Vinyl, Carpet
  • Interior Amenities: Ceiling Fan(s)
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Crawl Space, Block
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 2221
  • Living Area Sq Ft: 2221
  • Price Per Sq Ft: 72.04
  • Above Grade Finished Sq Ft: 2221
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Frame, Shingle Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: 100 Amp Service
  • 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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.21
  • Lot Dimensions: 60.00 x 153.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9148.00
  • Zoning: TN 368
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5231777
  • School Tax: 458.00
  • Tax Annual Amount: 1637.68
  • Assessor Parcel Number: 532-20.15-37.00
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: DELMAR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2022
Closed on
Sep 9, 2022
Sold by
Dane Martin
Bought by
Calway Homes Llc
Seller's Agent
Rhonda Hitch
Century 21 Home Team Realty
Buyer's Agent
Rhonda Hitch
Century 21 Home Team Realty
List Price
$160,000
Sold Price
$147,500
Premium/Discount to List
-$12,500
-7.81%
Current Estimated Value
$256,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,621
Avg. Annual Appreciation
18.02%
Original Mortgage
$147,500
Interest Rate
5.3%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 13, 2020
Sold by
Martin Dane and Martin Carol A
Bought by
Martin Dane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
2.8%
Mortgage Type
New Conventional
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
Calway Homes Llc $147,500 --
Martin Dane -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Calway Homes Llc $147,500
Previous Owner Martin Dane $78,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2022 09/09/22 Sold $147,500 -7.8% $66 / Sq Ft
08/14/2022 08/14/22 Pending -- -- --
08/04/2022 08/04/22 For Sale $160,000 -- $72 / 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 $801 $10,250 $550 $9,700
2024 $517 $10,250 $550 $9,700
2023 $510 $10,250 $550 $9,700
2022 $495 $10,250 $550 $9,700
2021 $527 $10,250 $550 $9,700
2020 $533 $10,250 $550 $9,700
2019 $529 $10,250 $550 $9,700
2018 $532 $10,250 $0 $0
2017 $532 $10,250 $0 $0
2016 $531 $10,250 $0 $0
2015 $553 $10,250 $0 $0
2014 $473 $10,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2026774

Bright MLS

APN: 532-20.15-37.00