NOT LISTED FOR SALE

102 Lore Ave Wilmington, DE 19809

-- Bed
-- Bath
4,091 Sq Ft
0.3 Acres

Last Sold May 31, 2017

Last sale price $250,000 $61 Per Sq Ft

103 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Parking Storage or Cabinetry
  • Pierre S. Dupont Middle School Rated A-
  • 1 Car Detached Garage
  • En-Suite Primary Bedroom

About This Home

As of May 2017

Incredible opportunity to own a 5 unit income property near the popular and historic town of Bellefonte! This solid brick, 3 story building sits an a large well manicured property with a detached garage. Each unit features 1 bedroom, 1 bathroom, a living room, and a kitchen. Hardwood floors throughout, off street parking, and a convenient location make this a great investment opportunity. Building needs some TLC to bring it back to it's glory. Potential annual income of $42,900 if all units rented at $700/month and garage rented at $75/month. Expenses disclosed are based on actual figures from 2014 and 2015 when 3 units were occupied the majority of the time, with an additional $1000 added to 'other expenses' to account for the additional electricity and water that would be used if all units were occupied. ('Other expenses' include: $306 for trash/recycle; $1,091 for grass cutting; $1,000 for estimated additional gas/electric/water if all units were occupied). Current utility setup is 1 heater/thermostat and 1 electric meter for entire building. Buyer to confirm all financial figures before proceeding.

Last Agent to Sell the Property

Rob Stigler

(302) 290-2237 robstigler@gmail.com Crown Homes Real Estate Listed on: 12/20/2016

Last Buyer's Agent

Rob Stigler

(302) 290-2237 robstigler@gmail.com Crown Homes Real Estate Listed on: 12/20/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,143

Year Built

  • Built in 1930

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 87x180
  • Property is in below average condition

Parking

  • 1 Car Detached Garage
  • 5 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Driveway

Home Design

  • Brick Exterior Construction
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • En-Suite Primary Bedroom
  • 4,091 Sq Ft Home
  • Wood Flooring

Unfinished Basement

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

Schools

  • Mount Pleasant Elementary School
  • Dupont Middle School
  • Mount Pleasant High School

Utilities

  • Radiator
  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 301
  • Assessor Parcel Number 06-139.00-301

Community Details

Overview

  • No Home Owners Association
  • Hillcrest Subdivision

Building Details

  • Electric Expense $4,416
  • Insurance Expense $1,512
  • Other Expense $2,397
  • Operating Expense $11,112

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,143

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 2397.00
  • Storage: Basement, Garage
  • Year Built: 1930
  • Remarks Public: Incredible opportunity to own a 5 unit income property near the popular and historic town of Bellefonte! This solid brick, 3 story building sits an a large well manicured property with a detached garage. Each unit features 1 bedroom, 1 bathroom, a living room, and a kitchen. Hardwood floors throughout, off street parking, and a convenient location make this a great investment opportunity. Building needs some TLC to bring it back to it's glory. Potential annual income of $42,900 if all units rented at $700/month and garage rented at $75/month. Expenses disclosed are based on actual figures from 2014 and 2015 when 3 units were occupied the majority of the time, with an additional $1000 added to 'other expenses' to account for the additional electricity and water that would be used if all units were occupied. ('Other expenses' include: $306 for trash/recycle; $1,091 for grass cutting; $1,000 for estimated additional gas/electric/water if all units were occupied). Current utility setup is 1 heater/thermostat and 1 electric meter for entire building. Buyer to confirm all financial figures before proceeding.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood
  • Fireplace: No
  • Entry Location: Foyer
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Total Sq Ft: 4091
  • Living Area Sq Ft: 4091
  • Price Per Sq Ft: 73.31
  • Above Grade Finished Sq Ft: 4091
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 102

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • 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: 5
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Driveway, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 4416.00
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 644.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: BRANDYWINE
  • Elementary School: MOUNT PLEASANT
  • Middle School: DUPONT
  • High School: MOUNT PLEASANT
  • School District Key: 300200396892
  • Elementary School: MOUNT PLEASANT
  • High School: MOUNT PLEASANT
  • Middle Or Junior School: DUPONT

Lot Info

  • Lot Size Acres: 0.30
  • Lot Dimensions: 87X180
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13068.00
  • Property Condition: Below Average
  • Zoning: NC6.5

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 42900.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

  • Tax Annual Amount: 2143.00
  • Assessor Parcel Number: 06-139.00-301
  • Tax Lot: 301
  • Tax Year: 2016
  • Close Date: 05/31/2017

MLS Schools

  • School District Name: BRANDYWINE

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2017 05/31/17 Sold $250,000 -16.6% $61 / Sq Ft
04/02/2017 04/02/17 Pending -- -- --
03/20/2017 03/20/17 Price Changed $299,900 -14.3% $73 / Sq Ft
12/20/2016 12/20/16 For Sale $349,900 -- $86 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rob Stigler

    Seller's Agent in 2017

    Rob Stigler

    Crown Homes Real Estate

    (302) 290-2237

    10 in this area

    77 Total Sales

    Rob Stigler
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Map

Source: Bright MLS

MLS Number: 1003959421

Bright MLS
Delaware New Castle County Wilmington 19809

102 Lore Ave, Wilmington, DE

This home is located at 102 Lore Ave, Wilmington, DE 19809 since 20 December 2016. This property was built in 1930. 102 Lore Ave is a home located in New Castle County with nearby schools including Mount Pleasant Elementary School, Pierre S. Dupont Middle School, and Mount Pleasant High School.

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