NOT LISTED FOR SALE

Estimated Value: $202,000 - $293,000

Studio
2 Baths
2,544 Sq Ft
$96/Sq Ft Est. Value

Last Sold May 27, 2021

Last sale price $135,000 $53 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $1,387/month

57 Days on Market

Highlights

  • Victorian Architecture
  • No HOA
  • Electric Baseboard Heater

About This Home

As of May 2021

*For Sale* Fully rented residential investment property, 705 / 707 Smith St! Over $1,700 of combined monthly rental income. Both units are three bedrooms; one with 1.5 baths and the other with 1 single bathroom. City Water & Sewer and electric baseboard heating. Full basement for laundry. 1,000+ sq. ft. attic accessible thru unit with 1 1/2 bathrooms. Large front decks and private fenced in yards. Don't miss this opportunity to expand your portfolio or jump into the business.

Last Agent to Sell the Property

Mike Dunn

(410) 546-8066 mikedunn77@comcast.net Keller Williams Realty Delmarva License #317243 Listed on: 02/17/2021

Keller Williams Realty Delmarva

Last Buyer's Agent

Bradley Rayfield

(443) 880-5964 bradley.rayfield@cbmove.com Coldwell Banker Realty License #633057

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,204

Year Built

  • Built in 1920

Lot Details

  • 5,718 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Victorian Architecture

Interior Spaces

  • Basement Fills Entire Space Under The House

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 13-030448

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,204

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 4544
  • Living Area Sq Ft: 2544
  • Price Per Sq Ft: 62.50
  • Above Grade Finished Sq Ft: 2544
  • Above Grade Unfinished Sq Ft: 1000
  • Below Grade Sq Ft: 1000
  • Total Below Grade Sq Ft: 1000
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination
  • 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

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.13
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5718.00
  • Zoning: R8
  • In City Limits: Yes

Rental Info

  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5361756
  • Tax Annual Amount: 1204.00
  • Assessor Parcel Number: 13-030448
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 1, 2021
Sold by
Silen Michael and Silen Amanda
Bought by
705 707 Smith Llc
Current Estimated Value
$243,238

Purchase Details

Listed on
Feb 17, 2021
Closed on
May 26, 2021
Sold by
Mayflower House Llc
Bought by
Silen Michael and Silen Amanda
Seller's Agent
Mike Dunn
Keller Williams Realty Delmarva
Buyer's Agent
Bradley Rayfield
Coldwell Banker Realty
List Price
$159,000
Sold Price
$135,000
Premium/Discount to List
-$24,000
-15.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.56%
Original Mortgage
$101,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2013
Sold by
Stanley Thomas E and Barnett Mary Jane
Bought by
Mayflower House Llc

Purchase Details

Closed on
Mar 23, 2006
Sold by
Glushakow Adam T
Bought by
Stanley Thomas E and Stanley Mar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,700
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 2006
Sold by
Glushakow Adam T
Bought by
Stanley Thomas E and Stanley Mar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,700
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 2002
Sold by
Robinson John D
Bought by
Glushakow Adam T

Purchase Details

Closed on
Jun 12, 1997
Sold by
Rose Michael and Rose Coralie
Bought by
Robinson John D
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
705 707 Smith Llc -- Mid Atlantic T&E Co
Silen Michael $135,000 Mid Atlantic Stlmt Svcs Llc
Mayflower House Llc -- Mid Atlantic Title & Escrow
Stanley Thomas E $96,700 --
Stanley Thomas E $96,700 --
Glushakow Adam T $50,000 --
Robinson John D $28,637 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Silen Michael $101,250
Previous Owner Stanley Thomas E $86,700
Previous Owner Stanley Thomas E $86,700
Closed Glushakow Adam T --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2021 05/27/21 Sold $135,000 -15.1% $53 / Sq Ft
04/15/2021 04/15/21 Pending -- -- --
02/17/2021 02/17/21 For Sale $159,000 -- $63 / 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 $1,382 $151,233 $0 $0
2024 $1,219 $127,100 $13,900 $113,200
2023 $1,034 $104,567 $0 $0
2022 $836 $82,033 $0 $0
2021 $608 $59,500 $10,700 $48,800
2020 $598 $57,967 $0 $0
2019 $591 $56,433 $0 $0
2018 $1,102 $54,900 $10,700 $44,200
2017 $1,102 $51,200 $0 $0
2016 -- $47,500 $0 $0
2015 $968 $43,800 $0 $0
2014 $968 $43,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWC111648

Bright MLS

APN: 13-030448