NOT LISTED FOR SALE

774 S State St Dover, DE 19901

Estimated Value: $420,000 - $508,000

-- Bed
2 Baths
2,177 Sq Ft
$214/Sq Ft Est. Value

Last Sold April 08, 2015

Last sale price $275,000 $126 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $2,715/month

16 Days on Market

Highlights

  • 0.49 Acre Lot
  • No HOA
  • Oversized Parking
  • Wood Flooring
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of April 2015

Ref.#11711. INVESTOR ALERT! Five unit apartment complex with great rental history. Four buildings on the property include the two apartment main house, two apartment duplex ranch, one apartment cottage and detached garage. The main house first floor apartment has two bedrooms, large living room and dining room. The second floor main house apartment has one bedroom. The duplex ranch has a one and two bedroom apartment. The cottage is a one bedroom detached house. The detached garage holds one car and has an oversized workshop with electricity. All the units have private washer and dryer hookups. All units have separate utilities including water and sewer. AGENTS: Property only being shown to prequalified investors. Proof of funds is mandatory before scheduling a tour. Listing agent will attend all showings. All properties are occupied and 48 hour notice is needed.

Last Agent to Sell the Property

Peter Shade

(302) 674-4220 pshade@burnsandellis.com Burns & Ellis Realtors Listed on: 01/22/2015

Last Buyer's Agent

Maggie Haass

(302) 382-9432 maggie@burnsandellis.com Burns & Ellis Realtors License #RB-0031436

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,489

Year Built

  • Built in 1928

Lot Details

  • 0.49 Acre Lot
  • Lot Dimensions are 125x170.45
  • East Facing Home

Parking

  • 1 Car Detached Garage
  • 4 Open Parking Spaces
  • Oversized Parking
  • Parking Storage or Cabinetry
  • On-Street Parking
  • Parking Lot
  • Rented or Permit Required

Home Design

  • 2,177 Sq Ft Home
  • Converted Dwelling
  • Brick Foundation
  • Pitched Roof
  • Shingle Roof
  • Aluminum Siding
  • Vinyl Siding

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick
  • Vinyl

Laundry

  • Washer and Dryer Hookup

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Schools

  • Dover High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Gas
  • 200+ Amp Service
  • 100 Amp Service
  • 60 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 3000-000
  • Assessor Parcel Number ED-05-07713-02-3000-000

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $1,527
  • Maintenance Expense $1,025
  • Other Expense $160
  • Operating Expense $5,201

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,489

Year Built

Built in 1928

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property.
  • New Construction: No
  • Other Expense: 160.00
  • Storage: Basement, Garage
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl, Tile/Brick
  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Laundry Type: Hookup
  • Total Sq Ft: 2177
  • Living Area Sq Ft: 2177
  • Price Per Sq Ft: 126.32
  • Above Grade Finished Sq Ft: 2177
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding, Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Sidewalks
  • Roof: Pitched, Shingle
  • 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
  • Open Parking Spaces Count: 4
  • Parking Features: Street, Rented/Permit Required
  • Garage Features: Oversized
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: On Street, Parking Lot, Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Wall Unit
  • Electric Service: 60 Amp Service, 100 Amp Service, 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: DOVER

Lot Info

  • Lot Size Acres: 0.49
  • Lot Dimensions: 125X170.45
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 21306.00

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 37140.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

  • Assessor Parcel Number: 2439081
  • Tax Annual Amount: 2489.00
  • Assessor Parcel Number: ED-05-07713-02-3000-000
  • Tax Lot: 3000-000
  • Tax Year: 2014

MLS Schools

  • School District Name: CAPITAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2015
Sold by
Downes Patty C
Bought by
Patty S Pedal Llc
Current Estimated Value
$466,920

Purchase Details

Listed on
Jan 22, 2015
Closed on
Apr 8, 2015
Sold by
Rayner Edward J and Rayner Mary
Bought by
Downes Patty C
Seller's Agent
Peter Shade
Burns & Ellis Realtors
Buyer's Agent
Maggie Haass
Burns & Ellis Realtors
List Price
$275,000
Sold Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.06%
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
Patty S Pedal Llc -- None Available
Downes Patty C $275,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2015 04/08/15 Sold $275,000 0.0% $126 / Sq Ft
02/07/2015 02/07/15 Pending -- -- --
01/22/2015 01/22/15 For Sale $275,000 -- $126 / 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 $3,225 $548,800 $101,600 $447,200
2024 $3,115 $548,800 $101,600 $447,200
2023 $1,919 $65,200 $10,100 $55,100
2022 $1,855 $65,200 $10,100 $55,100
2021 $1,787 $65,200 $10,100 $55,100
2020 $1,726 $65,200 $10,100 $55,100
2019 $1,632 $65,200 $10,100 $55,100
2018 $1,490 $90,900 $10,100 $80,800
2017 $1,465 $65,200 $0 $0
2016 $1,470 $65,200 $0 $0
2015 $1,469 $65,200 $0 $0
2014 $1,473 $65,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002526580

Bright MLS

APN: 2-05-07713-02-3000-000