NOT LISTED FOR SALE

Estimated Value: $196,000 - $225,000

-- Bed
2 Baths
1,968 Sq Ft
$107/Sq Ft Est. Value

Last Sold March 01, 2018

Last sale price $67,000 $34 Per Sq Ft

Est. 213% increase in value since last sale

Current estimated payment $1,200/month

Highlights

  • Wood Flooring
  • No HOA
  • Ramp on the main level
  • Farmhouse Style Home
  • Community Refrigerator
  • Forced Air Heating System

About This Home

As of March 2018

Two Unit Apartment Complex. Excellent rental income. Registered with Department of Environment. Lead paint inspection & certified. Currently rented. See Agent for complete details. Downstairs unit: 2BR. Upstairs unit: 1BR.

Last Agent to Sell the Property

Richard Baker

ERA Martin Associates License #Bright-69655 Listed on: 09/18/2017

Last Buyer's Agent

Rusty Molnar

Keller Williams Realty Delmarva

Keller Williams Realty Delmarva

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $990

Year Built

  • Built in 1928

Lot Details

  • 5,227 Sq Ft Lot
  • Cleared Lot

Home Design

  • Farmhouse Style Home
  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,968 Sq Ft Home
  • Ceiling height between 8 to 10 feet
  • Crawl Space
  • Storage In Attic

Flooring

  • Wood
  • Carpet

Additional Features

  • Ramp on the main level
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, heat, water
  • The owner pays for insurance, repairs, real estate taxes
  • Tax Lot 12
  • Assessor Parcel Number 017920

Community Details

Overview

  • No Home Owners Association
  • 2-Story Building

Amenities

  • Community Refrigerator
  • Building Oven or Ranges

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$990

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Farmhouse/National Folk
  • Accessibility Features: Ramp - Main Level
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Attic
  • Year Built: 1928
  • Remarks Public: Two Unit Apartment Complex. Excellent rental income. Registered with Department of Environment. Lead paint inspection & certified. Currently rented. See Agent for complete details. Downstairs unit: 2BR. Upstairs unit: 1BR.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Carpet, Wood
  • Foundation Details: Block, Crawl Space
  • Basement: No
  • Total Sq Ft: 1968
  • Net Sq Ft: 1968.00
  • Street Number Modifier: 812

Exterior Features

  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 500.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: WICOMICO COUNTY PUBLIC SCHOOLS
  • School District Key: 121138751831

Lot Info

  • Lot Features: Cleared
  • Lot Size Acres: 0.12
  • Zoning Description: R5,Residential,MultiFamily
  • In City Limits: Yes

Building Info

  • Building Features: Refrigerator(s), Refrigerator(s), Oven/Range(s)

Rental Info

  • Owner Pays: Insurance, Repairs, Taxes - Real Estate
  • Tenant Pays: Utilities - All, Cable Tv, Electricity, Heat, Water
  • Total Actual Rent: 15600.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 017920
  • Tax Lot: 12
  • County Tax Payment Frequency: Annually
  • Close Date: 03/01/2018

Multi Family

  • Metering: Fully Separate
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2024
Sold by
Miller Joseph T
Bought by
Zerafa Joseph P
Current Estimated Value
$209,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,952
Outstanding Balance
$133,598
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$76,032

Purchase Details

Listed on
Sep 18, 2017
Closed on
Mar 1, 2018
Sold by
Hoey Joanie B
Bought by
Miller Joseph T
Seller's Agent
Richard Baker
ERA Martin Associates
Buyer's Agent
Rusty Molnar
Keller Williams Realty Delmarva
List Price
$72,900
Sold Price
$67,000
Premium/Discount to List
-$5,900
-8.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.31%

Purchase Details

Closed on
Jun 16, 2014
Sold by
Farrow J Irving
Bought by
Hoey Theodore L and Hoey Joanie B

Purchase Details

Closed on
Jul 22, 1976
Sold by
Tilghman Edwin K
Bought by
Farrow Farrow J and Farrow Joan D
Source: Public Records

Range of Values:

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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
Zerafa Joseph P $179,936 Fidelity National Title
Zerafa Joseph P $179,936 Fidelity National Title
Miller Joseph T $67,000 Acquest Title Services Inc
Hoey Theodore L $10,000 None Available
Farrow Farrow J $15,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zerafa Joseph P $134,952
Closed Zerafa Joseph P $134,952
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2018 03/01/18 Sold $67,000 -8.1% $34 / Sq Ft
02/12/2018 02/12/18 Pending -- -- --
09/18/2017 09/18/17 For Sale $72,900 -- $37 / 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 $990 $110,200 $0 $0
2024 $990 $103,300 $8,300 $95,000
2023 $909 $91,133 $0 $0
2022 $805 $78,967 $0 $0
2021 $683 $66,800 $8,300 $58,500
2020 $671 $65,067 $0 $0
2019 $663 $63,333 $0 $0
2018 $1,256 $61,600 $8,300 $53,300
2017 $1,142 $58,767 $0 $0
2016 -- $55,933 $0 $0
2015 $1,394 $53,100 $0 $0
2014 $1,394 $53,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000775584

Bright MLS

APN: 05-017920