Seller's Agent in 2024
Melvin Sarpey
Crown Homes Real Estate
(302) 312-6042
3 in this area
127 Total Sales
72 Ray St Newark, DE 19711
Estimated Value: $332,000 - $411,000
3
Beds
2
Baths
1,725
Sq Ft
$211/Sq Ft
Est. Value
Highlights
- Rambler Architecture
- Level Entry For Accessibility
- Forced Air Heating and Cooling System
- No HOA
- Chairlift
About This Home
As of January 2024Back on the market - Buyers financing fell through. Appraised at $365,000 conventional.
Are you looking to build sweat equity or your next investment opportunity! Looking for your next investment in a prime location? This ranch homes sits right in the middle of the University of Delaware campus and makes it the right fit for your next investment. This home has 3 bedrooms each with ample closet space. A full bathroom in the hallway. A living, dining room and kitchen space. The lower level is unfinished with a full bathroom. Home is being sold AS-IS with no repairs to be made by sellers or credit provided for any repairs. Property can be used as a rental however, this property does not currently have a rental permit, new owner will have to complete such. Any lender repairs will be handled by buyer. Executors have never lived in the property. Some structural repairs were recommended from a previous inspection, sellers was made aware and won't be making any repairs/or credit. Please complete your due diligence and assessment. Immediate settlement is preferred. Home is priced fairly to its current AS-IS state based on other comps in the areas. Come and see what the future holds with this property. Please reach out if you have any questions.
Last Agent to Sell the Property
(302) 504-6147 msarpey@gmail.com Crown Homes Real Estate Listed on: 07/06/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,131
Year Built
- Built in 1963
Lot Details
- 0.31 Acre Lot
- Lot Dimensions are 70.00 x 208.90
- Property is zoned 18RD
Parking
- Off-Street Parking
Home Design
- Rambler Architecture
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- Property has 1 Level
- Unfinished Basement
- Exterior Basement Entry
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
Accessible Home Design
- Chairlift
- Level Entry For Accessibility
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Newark Subdivision
Listing and Financial Details
- Tax Lot 138
- Assessor Parcel Number 18-013.00-138
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 6, 2023
Closed on
Jan 31, 2024
Sold by
Jones Marsha E and Jones Garth A
Bought by
Mckay Carl W and Mckay Macey M
Seller's Agent
Melvin Sarpey
Crown Homes Real Estate
Buyer's Agent
Michael Dutt
Patterson-Schwartz-Newark
List Price
$355,000
Sold Price
$280,000
Premium/Discount to List
-$75,000
-21.13%
Views
254
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,153
Avg. Annual Appreciation
13.75%
Original Mortgage
$210,000
Outstanding Balance
$206,289
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$157,864
Purchase Details
Closed on
Apr 27, 1992
Bought by
Spencer Lillian E
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mckay Carl W | $280,000 | None Listed On Document | |
| Spencer Lillian E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mckay Carl W | $210,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/31/2024 01/31/24 | Sold | $280,000 | -21.1% | $162 / Sq Ft |
| 11/17/2023 11/17/23 | For Sale | $355,000 | +26.8% | $206 / Sq Ft |
| 11/09/2023 11/09/23 | Off Market | $280,000 | -- | -- |
| 11/06/2023 11/06/23 | Pending | -- | -- | -- |
| 10/09/2023 10/09/23 | Price Changed | $355,000 | -1.4% | $206 / Sq Ft |
| 09/21/2023 09/21/23 | Price Changed | $360,000 | -1.4% | $209 / Sq Ft |
| 08/29/2023 08/29/23 | For Sale | $365,000 | 0.0% | $212 / Sq Ft |
| 07/06/2023 07/06/23 | For Sale | $365,000 | -- | $212 / Sq Ft |
| 07/03/2023 07/03/23 | Pending | -- | -- | -- |
Source: Bright MLS
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 | $612 | $58,000 | $5,200 | $52,800 |
| 2023 | $1,513 | $58,000 | $5,200 | $52,800 |
| 2022 | $1,488 | $58,000 | $5,200 | $52,800 |
| 2021 | $1,535 | $58,000 | $5,200 | $52,800 |
| 2020 | $1,475 | $58,000 | $5,200 | $52,800 |
| 2019 | $1,222 | $58,000 | $5,200 | $52,800 |
| 2018 | $1,190 | $58,000 | $5,200 | $52,800 |
| 2017 | $1,146 | $58,000 | $5,200 | $52,800 |
| 2016 | $1,042 | $58,000 | $5,200 | $52,800 |
| 2015 | -- | $58,000 | $5,200 | $52,800 |
| 2014 | $871 | $58,000 | $5,200 | $52,800 |
Source: Public Records
Agents Affiliated with this Home
-
Melvin Sarpey
-
Dorothy Sarpey
Seller Co-Listing Agent in 2024
Dorothy Sarpey
Crown Homes Real Estate
2 in this area
20 Total Sales
-
Michael Dutt
Buyer's Agent in 2024
Michael Dutt
Patterson Schwartz
(302) 733-7079
22 in this area
107 Total Sales
Map
Source: Bright MLS
MLS Number: DENC2045252
APN: 18-013.00-138
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