$319,000
SOLD SEP 29, 2023

880 S State St Dover, DE 19901

-- Bed
-- Bath
2,278 Sq Ft
7,994 Sq Ft Lot

Recently Sold

$140 Per Sq Ft

9% Below List Price

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 Agent to Sell the Property

Timothy Taylor

(302) 275-1770 LocalRealtor302@gmail.com Crown Homes Real Estate License #RS-0024731 Listed on: 09/06/2023

Last Buyer's Agent

Allison Foshee

(302) 500-0503 allison.foshee@cbrealty.com Coldwell Banker Realty License #rs0036885

Coldwell Banker Realty

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%
Current Estimated Value
$346,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,660
Avg. Annual Appreciation
10.85%
Original Mortgage
$149,245
Outstanding Balance
$137,829
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$209,076

Purchase Details

Closed on
Oct 8, 2014
Sold by
Bautista Basilio N
Bought by
Bautista Basilio N and Basilio N Bautista Revocable Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $237,245 Baird Mandalas Brockstedt Llc
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $149,245 New Conventional
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
2025 $1,645 $289,800 $83,700 $206,100
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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DEKT2022236

Bright MLS

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