NOT LISTED FOR SALE

880 S State St Dover, DE 19901

Estimated Value: $343,011

-- Bed
3 Baths
2,278 Sq Ft
$151/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $319,000 $140 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,039/month

7 Days on Market

Highlights

  • Colonial Architecture
  • Central Air
  • Radiator

About This Home

As of September 2023

[UPDATE - Offer Deadline 7pm 9/13]
An exciting opportunity is on the horizon in Dover! Introducing a charming duplex that stands as a true investment jewel, currently generating an impressive $2,950 per month in gross rental income. This dual-income property provides a savvy financial strategy—occupy one unit and lease out the other to effectively offset your mortgage. Alternatively, maintain it as a dynamic income-producing investment, capitalizing on its prime potential.

Encompassing 2,278 square feet on a sizable .18-acre lot, this property offers abundant space and versatility. The enduring elegance of hardwood floors graces both units, adding a touch of timeless style. Don't miss out on the chance to secure this delightful Dover duplex, strategically designed to enhance your financial portfolio and offer enduring value. Watch for further updates on this outstanding opportunity!

Last Listed By

Timothy Taylor

Crown Homes Real Estate License #RS-0024731 Listed on: 09/06/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,358

Year Built

  • Built in 1941

Lot Details

  • 7,994 Sq Ft Lot
  • Lot Dimensions are 50.00 x 170.00

Home Design

  • Duplex
  • Colonial Architecture
  • Permanent Foundation
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 2,278 Sq Ft Home
  • Basement
  • Dirt Floor

Parking

  • Paved Parking
  • Parking Lot

Utilities

  • Central Air
  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 5101-000
  • Assessor Parcel Number ED-05-07717-03-5101-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,358

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2023-09-06
  • Year Built: 1941
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Foundation Details: Permanent
  • Basement: Yes
  • Basement Type: Dirt Floor
  • Total Sq Ft: 2278
  • Living Area Sq Ft: 2278
  • Price Per Sq Ft: 140.04
  • Above Grade Finished Sq Ft: 2278
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 880

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Aluminum Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Parking
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: CAPITAL
  • School District Key: 300200396888
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.18
  • Lot Dimensions: 50.00 x 170.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7994.00
  • Year Assessed: 2023
  • Zoning: RG0
  • In City Limits: Yes

Rental Info

  • Total Actual Rent: 35400.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 998.00
  • Tax Annual Amount: 2358.00
  • Assessor Parcel Number: ED-05-07717-03-5101-000
  • Tax Lot: 5101-000
  • Tax Total Finished Sq Ft: 2278
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 09/29/2023

MLS Schools

  • School District Name: CAPITAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2021
Closed on
Jan 9, 2022
Sold by
Basilio N Bautista Revocable Trust
Bought by
Wellington David
Seller's Agent
Elizabeth Johnson
Keller Williams Realty Central-Delaware
Buyer's Agent
Timothy Taylor
Crown Homes Real Estate
List Price
$250,000
Sold Price
$237,245
Premium/Discount to List
-$12,755
-5.1%
Total Days on Market
7
Current Estimated Value
$343,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,766
Avg. Annual Appreciation
8.51%
Original Mortgage
$149,245
Outstanding Balance
$139,499
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$171,118

Purchase Details

Closed on
Oct 8, 2014
Sold by
Bautista Basilio N
Bought by
Bautista Basilio N and Basilio N Bautista Revocable Trust

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
Wellington David $237,245 Baird Mandalas Brockstedt Llc
Bautista Basilio N -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wellington David $149,245
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $319,000 -8.6% $140 / Sq Ft
09/14/2023 09/14/23 Pending -- -- --
09/06/2023 09/06/23 For Sale $349,000 +47.1% $153 / Sq Ft
01/19/2022 01/19/22 Sold $237,245 -5.1% $109 / Sq Ft
12/09/2021 12/09/21 Pending -- -- --
11/17/2021 11/17/21 For Sale $250,000 -- $115 / 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
2024 $1,645 $289,800 $83,700 $206,100
2023 $1,154 $39,200 $9,600 $29,600
2022 $990 $34,800 $9,600 $25,200
2021 $954 $34,800 $9,600 $25,200
2020 $921 $34,800 $9,600 $25,200
2019 $871 $34,800 $9,600 $25,200
2018 $795 $34,800 $9,600 $25,200
2017 $782 $34,800 $0 $0
2016 $785 $34,800 $0 $0
2015 -- $34,800 $0 $0
2014 -- $34,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Timothy Taylor

    Seller's Agent in 2023

    Timothy Taylor

    Crown Homes Real Estate

    (302) 275-1770

    156 Total Sales

    Timothy Taylor
    Section Image
  • Allison Foshee

    Buyer's Agent in 2023

    Allison Foshee

    Coldwell Banker Realty

    (302) 500-0503

    52 Total Sales

    Allison Foshee
    Section Image
  • Elizabeth Johnson

    Seller's Agent in 2022

    Elizabeth Johnson

    Keller Williams Realty Central-Delaware

    (302) 677-0020

    138 Total Sales

    Elizabeth Johnson
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DEKT2022236

Bright MLS

APN: 2-05-07717-03-5101-000

Delaware Kent County Dover 19901

880 S State St, Dover, DE

Homes for Sale in Dover, DE

This home is located at 880 S State St, Dover, DE 19901 since 06 September 2023 and is currently priced at $343,011, approximately $150 per square foot. This property was built in 1941. 880 S State St is a home located in Kent County with nearby schools including South Dover Elementary School, Central Middle School, and William Henry Middle School.

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