See Home Value
$280,000
House - Off Market

72 RAY ST

NEWARK, DE 19711
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1147 Sqft
$1,744
Estimated Monthly
$0
HOA / Fees

About This Property

Back 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.
Unit Size
1,147Ft²
Days on Market
209 days
Land Size
0.31 acres
Price per sqft
$310
Property Type
House
Property Taxes
$94
HOA Dues
-
Year Built
1963
Last updated: 4 months ago (Bright MLS #DENC2045252)

Price History

Date / Event Date Event Price
Feb 1, 2024 Sold to Carl W Mckay, Macey M Mckay $280,000
Sold to Carl W Mckay, Macey M Mckay
Nov 18, 2023 In contract -
In contract
Nov 12, 2023 No longer available -
No longer available
Oct 10, 2023 Relisted $360,000
Relisted
Oct 10, 2023 Price Decreased $355,000
↓ $5K (1.4%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 13,504
  • Lot Size Depth Feet: 2,090
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,156
  • Gross Building Area: 1,156
  • Building Area: 1,156
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,156
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NEWARK HOUSING ASSOC
  • Land Acres: 0.31
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Pipeline or right-of-way
  • Legal Description 1: BEG AT POINT ON NLY SIDE OF RAY ST 30 FT WIDE

Ownership

  • Current Owner : MCKAY CARL W
  • Current Owner 2: MCKAY MACEY M
  • Previous Owner : JONES MARSHA E
  • Previous Owner 2: JONES GARTH A
  • Ownership Rights Codes: Husband and wife
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Oct 12, 2023

Neighborhood

  • School District Name: Christina School District
  • School Tax School District: TRS3
  • Census Tract: 014302

Zoning

  • Zoning: 18RD

Geography

  • Assessors Map Reference: 18-013
  • District: 18
  • Parcel: 18-013.00-138
  • Lot: 2
  • Municipality: NEWARK CITY
  • Latitude: 39.6871
  • Longitude: -75.758

    Address

  • Full Address: 72 Ray St
  • Address - House Number: 72
  • Address - Street Name: Ray
  • Address - Suffix Type: St
  • State: DE
  • City Name: Newark
  • Carrier Code: C002
  • 4-Digit Zip Code: 7006
  • Zip Code: 19711

Valuation

    Tax

  • Total Area: 1,725
  • Tax Year: 2023
  • Tax Amount: $1,513
  • Tax Rate Code Area: LC05;TRS3

    Appraisal Valuation

  • Standard Deviation: 0.1155
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 87
  • Final Value: 342,575
  • High Value: 382,161
  • Low Value: 302,989

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $210,000
  • First Open Lien Mortgage Lender: SOFI BANK NATIONAL ASSOCIATION
  • First Open Lien Mortgage Recording Date: Feb 01, 2024
  • First Open Lien Mortgage Loan Amount: $210,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2054

    Market Valuation

  • Market Total Value: $306,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $58,000
  • Assessed Land Value: $5,200
  • Assessed Improvements Value: $52,800

    Exemptions

  • Disabled Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 31, 2024
  • Current Sale Recording Date: Feb 01, 2024
  • Current Sale Transaction ID: 11919923691
  • Current Sale Price: $280,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 6985
  • Previous Sale Recording Date: Apr 27, 1992
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: SOFI BANK NATIONAL ASSOCIATION
  • First Mortgage Transaction Date: Feb 01, 2024
  • First Mortgage Loan Amount: $210,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2054



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
975 ft²
$323/ft²
$315,000 May 16, 2023
$315,000 Jul 28, 2023
-
House
4 Beds
2 Baths
1,100 ft²
$347/ft²
$382,000 Jun 19, 2023
$382,000 Jul 31, 2023
-
Condo
2 Beds
2 Baths
1,466 ft²
$273/ft²
$400,000 Jan 16, 2023
$400,000 May 25, 2023
-
House
4 Beds
2 Baths
1,650 ft²
$218/ft²
$359,900 Nov 15, 2023
-
-
Condo
2 Beds
2 Baths
-
$419,900 Sep 22, 2023
-
-

About Newark


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Frequently Asked Questions

When was property at 72 Ray Street built and last sold?
The property at 72 Ray Street was built in 1963 and last sold on Jan 31, 2024 for $280,000.
How much is this home worth?
The estimated value of the home located at 72 Ray Street is $354,162.
What are some comparable homes to 72 Ray Street?
There are currently no comparable homes to 72 Ray Street.

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