NOT LISTED FOR SALE

1035 Lancaster Ave Wilmington, DE 19805

Estimated Value: $274,318

-- Bed
-- Bath
-- Sq Ft
1,307 Sq Ft Lot

Last Sold December 16, 2019

Last sale price $97,500

Est. 181% increase in value since last sale

Current estimated payment $1,627/month

209 Days on Market

Highlights

  • No HOA
  • Parking Storage or Cabinetry
  • 3-minute walk to Adams Street Courts
  • 1 Car Detached Garage
  • Electric Baseboard Heater

About This Home

As of December 2019

Turn-key 3 unit investment property. Purchase, advertise and start immediate cash flow. Lots of updates, new carpet, fresh paint, new flooring in kitchens. Unit 1 is a 2 bedroom with a private entrance. It has a large living room (15x11) and generous master bedroom (15x14). Living room and the updated kitchen (15x8) are open to each other. This unit has a tub/shower in the full bath and access to the basement for storage. Also this unit enjoys walk out to the rear courtyard. Units 2 and 3 are accessed via a common door and hallway off of Lancaster. Unit 2 is a 2 bedroom (10x7 and ) with a large updated kitchen (11x7), second bedroom(10x7) and living room (12x11). Kitchen has new flooring, attractive cabinets. It also has a large storage closet ,gas cooking and a full bath with shower. Unit 3 is a one bedroom (12x9) with living room (12x12) and efficiency kitchen (8x7). All reliable baseboard electric heat. Steam radiator units are present but are not in service. Combined rents are 1800+ a month. One car garage can rent for 50/month or be used for landlord storage. Truly move in ready! Solid investment ready to make you money with minimal hassle.

Last Agent to Sell the Property

Ken Van Every

Keller Williams Realty Wilmington License #RS0022242 Listed on: 04/04/2019

Keller Williams Realty Wilmington

Last Buyer's Agent

David Sordelet

Real Broker, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,025

Year Built

  • Built in 1899

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 20.00 x 70.80
  • Property is in good condition

Parking

  • 1 Car Detached Garage
  • Parking Storage or Cabinetry
  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction
  • Pitched Roof
  • Shingle Roof
  • Stucco

Basement

  • Partial Basement

Schools

  • Lewis Elementary School
  • Skyline Middle School
  • Alexis I. Dupont High School

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 664
  • Assessor Parcel Number 26-034.30-664

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 3-Story Building
  • Wilm #10 Subdivision

Building Details

  • 3 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,025

Year Built

Built in 1899

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Exclusions: As Seen
  • Inclusions: As Seen
  • New Construction: No
  • Year Built: 1899
  • Remarks Public: Turn-key 3 unit investment property. Purchase, advertise and start immediate cash flow. Lots of updates, new carpet, fresh paint, new flooring in kitchens. Unit 1 is a 2 bedroom with a private entrance. It has a large living room (15x11) and generous master bedroom (15x14). Living room and the updated kitchen (15x8) are open to each other. This unit has a tub/shower in the full bath and access to the basement for storage. Also this unit enjoys walk out to the rear courtyard. Units 2 and 3 are accessed via a common door and hallway off of Lancaster. Unit 2 is a 2 bedroom (10x7 and ) with a large updated kitchen (11x7), second bedroom(10x7) and living room (12x11). Kitchen has new flooring, attractive cabinets. It also has a large storage closet ,gas cooking and a full bath with shower. Unit 3 is a one bedroom (12x9) with living room (12x12) and efficiency kitchen (8x7). All reliable baseboard electric heat. Steam radiator units are present but are not in service. Combined rents are 1800+ a month. One car garage can rent for 50/month or be used for landlord storage. Truly move in ready! Solid investment ready to make you money with minimal hassle.
  • Special Features: None

Interior Features

  • Room Count: 11
  • Basement: Yes
  • Basement Type: Partial
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1035

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Stucco
  • 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
  • Garage Features: Additional Storage Area
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Detached Garage, On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: RED CLAY CONSOLIDATED
  • Elementary School: LEWIS
  • Middle School: SKYLINE
  • High School: ALEXIS I. DUPONT
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396545
  • School District Source: Listing Agent
  • Elementary School: LEWIS
  • High School: ALEXIS I. DUPONT
  • Middle Or Junior School: SKYLINE

Lot Info

  • Lot Size Acres: 0.03
  • Lot Dimensions: 20.00 x 70.80
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • Property Condition: Good
  • Year Assessed: 2018
  • Zoning: 26R-3
  • In City Limits: Yes

Rental Info

  • Rent Control: No
  • Total Actual Rent: 21600.00
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1025.00
  • Assessor Parcel Number: 26-034.30-664
  • Tax Lot: 664
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 12/16/2019

Multi Family

  • Number Of Units Vacant: 3
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 6, 2024
Sold by
Mickute Monika and Mickute Matt J
Bought by
1035 Lancaster Llc
Current Estimated Value
$274,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Outstanding Balance
$406,229
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 4, 2019
Closed on
Dec 16, 2019
Sold by
Lifehouse Church Inc
Bought by
Mickute Monika and Zakutny Matt J
Seller's Agent
Ken Van Every
Keller Williams Realty Wilmington
Buyer's Agent
David Sordelet
Real Broker, LLC
List Price
$128,000
Sold Price
$97,500
Premium/Discount to List
-$30,500
-23.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,125
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 26, 2019
Sold by
Franceschina Gene W
Bought by
Lifehouse Church Inc

Purchase Details

Closed on
Oct 31, 2003
Sold by
Swain Dean and Swain Roxanne
Bought by
Franceschina Gene W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.05%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
1035 Lancaster Llc -- None Listed On Document
Mickute Monika -- None Available
Lifehouse Church Inc -- None Available
Franceschina Gene W $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1035 Lancaster Llc $435,000
Previous Owner Mickute Monika $175,000
Previous Owner Mickute Monika $73,125
Previous Owner Franceschina Gene W $172,000
Previous Owner Franceschina Gene W $100,000
Closed Franceschina Gene W $12,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2019 12/16/19 Sold $97,500 -21.4% --
10/30/2019 10/30/19 Pending -- -- --
09/05/2019 09/05/19 Price Changed $124,000 -3.1% --
08/31/2019 08/31/19 For Sale $128,000 0.0% --
08/26/2019 08/26/19 Pending -- -- --
08/22/2019 08/22/19 Price Changed $128,000 -3.0% --
08/07/2019 08/07/19 Price Changed $132,000 -2.9% --
07/24/2019 07/24/19 Price Changed $136,000 -1.4% --
07/09/2019 07/09/19 Price Changed $138,000 -1.4% --
06/03/2019 06/03/19 Price Changed $140,000 -3.4% --
05/08/2019 05/08/19 Price Changed $145,000 -3.3% --
04/04/2019 04/04/19 For Sale $150,000 -- --
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 $1,498 $48,000 $3,300 $44,700
2023 $1,308 $48,000 $3,300 $44,700
2022 $1,308 $48,000 $3,300 $44,700
2021 $1,306 $48,000 $3,300 $44,700
2020 $1,313 $48,000 $3,300 $44,700
2019 $2,278 $48,000 $3,300 $44,700
2018 $866 $48,000 $3,300 $44,700
2017 $2,127 $48,000 $3,300 $44,700
2016 $2,127 $48,000 $3,300 $44,700
2015 $2,034 $48,000 $3,300 $44,700
2014 $1,931 $48,000 $3,300 $44,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC473650

Bright MLS

APN: 26-034.30-664