Seller's Agent in 2022
Yasmin Bowman
BHHS PenFed (actual)
(302) 438-8667
2 in this area
62 Total Sales
103 W 40th St Wilmington, DE 19802
Northwest Wilmington NeighborhoodEstimated Value: $318,327 - $393,000
--
Bed
2
Baths
2,125
Sq Ft
$167/Sq Ft
Est. Value
Highlights
- Dual Staircase
- Colonial Architecture
- 2 Car Direct Access Garage
- Pierre S. Dupont Middle School Rated A-
- Wood Flooring
- Bathtub with Shower
About This Home
As of September 2022OPPORTUNITY IS KNOCKING on this turnkey, well performing, well designed, "purpose built" rental duplex. Located at the very Northern edge of the city, this solid construction brick building and its apartments are in good, clean condition and easy to maintain and rent. Each apartment has its own: Two well sized bedrooms, separate basement, two separate entrances (front door and back stairs) per unit, nice hardwood floors, updated kitchen, spacious living room, dining room, individual laundry room, clothes washer and dryer, rear driveway access and separate rear-loaded garage (with interior access to the lower apartment) for extra income. All appliances are in good condition. New boiler installed for upstairs apartment (around 2016). Both boilers converted to gas fueled (around 2016). New central A/C in each unit (installed around 2016). Roof was inspected and seal coated in 2018. Landlord pays only cold water and sewer. All other utilities are paid by tenants - separately metered and utility providers bill tenants directly for more consistent ROI to the landlord.
Municipal trash collection included in city property taxes. The Lower unit is presently kept vacant on purpose in case buyer wants to occupy one unit. Upper tenant is not renting a garage / storage area so that space is potential for additional income or storage for landlord.
THIS ONE WON'T LAST! Opportunity favors the prepared. Buyers must be pre-approved for financing before showing. Property qualifies for FHA, VA and conventional financing if buyer would like to occupy one unit as their residence.
Last Agent to Sell the Property
(302) 438-8667 yasmin@bowmanrealestatellc.com Berkshire Hathaway HomeServices PenFed Realty License #RA-0020276 Listed on: 08/26/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,685
Year Built
- Built in 1952
Lot Details
- 3,485 Sq Ft Lot
- Lot Dimensions are 32.50 x 105.00
- Property is in good condition
Parking
- 2 Car Direct Access Garage
- 2 Driveway Spaces
- Basement Garage
- Rear-Facing Garage
- Garage Door Opener
- On-Street Parking
- Off-Street Parking
- Secure Parking
Home Design
- Duplex
- Colonial Architecture
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- Bathtub with Shower
- 2,125 Sq Ft Home
- Dual Staircase
- Brick Wall or Ceiling
- Wood Flooring
- Basement Fills Entire Space Under The House
Kitchen
- Stove
- Dishwasher
Laundry
- Dryer
- Washer
Utilities
- Central Air
- Radiator
- Hot Water Heating System
- Electric Water Heater
Listing and Financial Details
- The owner pays for insurance, lawn/shrub care, management, real estate taxes, trash collection, water, snow removal, sewer
- Tax Lot 100
- Assessor Parcel Number 26-016.20-100
Community Details
Overview
- Wilm #02 Subdivision
Building Details
- 1 Vacant Unit
- Income includes apartment rentals
- Insurance Expense $790
- Other Expense $720
- Operating Expense $20,338
- Gross Income $27,300
- Net Operating Income $20,338
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 6, 2023
Sold by
Yarrell Leandre A
Bought by
Leandre Yarrell Revocable Trust
Current Estimated Value
Purchase Details
Listed on
Aug 26, 2022
Closed on
Sep 3, 2022
Sold by
Jiang Wei
Bought by
Yarrell Leandre A
Seller's Agent
Yasmin Bowman
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Patti Carlson
Patterson-Schwartz-Hockessin
List Price
$270,000
Sold Price
$290,000
Premium/Discount to List
$20,000
7.41%
Views
34
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.58%
Original Mortgage
$284,747
Interest Rate
5.89%
Mortgage Type
FHA
Purchase Details
Listed on
Jul 15, 2019
Closed on
Sep 6, 2019
Sold by
Richard Edward and Richard Maudette
Bought by
Jiang Wei
Seller's Agent
Yasmin Bowman
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Yasmin Bowman
Berkshire Hathaway HomeServices PenFed Realty
List Price
$192,000
Sold Price
$195,500
Premium/Discount to List
$3,500
1.82%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.71%
Original Mortgage
$146,625
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 28, 2017
Sold by
Richards Edward and Richards Maudette
Bought by
Richards Edward and Richards Maudette
Purchase Details
Listed on
Aug 17, 2016
Closed on
Sep 23, 2016
Sold by
Spraggs Troy A
Bought by
Richards Edward
Seller's Agent
Doris Shorts
RE/MAX Associates - Newark
Buyer's Agent
Yasmin Bowman
Berkshire Hathaway HomeServices PenFed Realty
List Price
$160,000
Sold Price
$155,000
Premium/Discount to List
-$5,000
-3.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.43%
Purchase Details
Closed on
Feb 25, 2004
Sold by
Black Winston H and Black Almira L
Bought by
Spraggs Troy A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Leandre Yarrell Revocable Trust | -- | -- | |
| Yarrell Leandre A | $290,000 | -- | |
| Jiang Wei | $195,500 | First American Mortgage Sln | |
| Richards Edward | -- | None Available | |
| Richards Edward | $155,000 | None Available | |
| Spraggs Troy A | $140,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Yarrell Leandre A | $284,747 | |
| Previous Owner | Jiang Wei | $146,625 | |
| Previous Owner | Spraggs Troy A | $119,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/30/2022 09/30/22 | Sold | $290,000 | +7.4% | $136 / Sq Ft | |
| 09/02/2022 09/02/22 | Pending | -- | -- | -- | |
| 08/26/2022 08/26/22 | For Sale | $270,000 | +38.1% | $127 / Sq Ft | |
| 09/06/2019 09/06/19 | Sold | $195,500 | 0.0% | $92 / Sq Ft | View Prior Sale |
| 08/03/2019 08/03/19 | Pending | -- | -- | -- | |
| 08/02/2019 08/02/19 | Off Market | $195,500 | -- | -- | |
| 07/15/2019 07/15/19 | For Sale | $192,000 | +23.9% | $90 / Sq Ft | |
| 09/23/2016 09/23/16 | Sold | $155,000 | -3.1% | $73 / Sq Ft | View Prior Sale |
| 08/31/2016 08/31/16 | Pending | -- | -- | -- | |
| 08/17/2016 08/17/16 | For Sale | $160,000 | -- | $75 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,800 | $55,700 | $7,000 | $48,700 |
| 2023 | $1,633 | $55,700 | $7,000 | $48,700 |
| 2022 | $1,651 | $55,700 | $7,000 | $48,700 |
| 2021 | $1,649 | $55,700 | $7,000 | $48,700 |
| 2020 | $1,652 | $55,700 | $7,000 | $48,700 |
| 2019 | $2,771 | $55,700 | $7,000 | $48,700 |
| 2018 | $1,341 | $55,700 | $7,000 | $48,700 |
| 2017 | $1,033 | $55,700 | $7,000 | $48,700 |
| 2016 | $1,033 | $55,700 | $7,000 | $48,700 |
| 2015 | $1,033 | $55,700 | $7,000 | $48,700 |
| 2014 | $1,033 | $55,700 | $7,000 | $48,700 |
Source: Public Records
Agents Affiliated with this Home
-
Yasmin Bowman
-
Patti Carlson
Buyer's Agent in 2022
Patti Carlson
Patterson Schwartz
(302) 593-5386
1 in this area
79 Total Sales
-
Doris Shorts
Seller's Agent in 2016
Doris Shorts
RE/MAX
(302) 312-6093
89 Total Sales
Map
Source: Bright MLS
MLS Number: DENC2029860
APN: 26-016.20-100
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