D
Seller's Agent in 2022
Doreen Irwin
Keller Williams Realty Central-Delaware
(302) 677-0030
14 in this area
40 Total Sales
Estimated Value: $330,244 - $401,000
Studio
4
Baths
--
Sq Ft
10,019
Sq Ft Lot
Highlights
- Traditional Architecture
- Forced Air Heating and Cooling System
- 2-minute walk to Constitution Park
- Corner Lot
About This Home
As of April 2022Property consists of two buildings with a parking lot in-between. Property is half a block sits on the corner of State and Reed and Reed and Kings Highway. Two residential apartments upstairs each rents for $800 a month. Downstairs is two commercial tenants. The building facing Kings Highway is Woodburn Realty and tenants have been long term and excellent tenants. All but one tenant is on a month-to-month. New rubber roof put on 2020 and two new heat pumps installed. Consists of a total of 5 units total rental monthly income is $3850.00. Tenants pay water and sewer and trash. Three commercial rentals consists of a Real Estate office, Engineer, and psychologist
Last Agent to Sell the Property
(302) 677-0030 doreenirwin@kw.com Keller Williams Realty Central-Delaware License #RB-0031284 Listed on: 02/17/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,378
Year Built
- Built in 1900 | Remodeled in 1988
Lot Details
- 10,019 Sq Ft Lot
- Lot Dimensions are 55.00 x 194.69
- Corner Lot
Home Design
- Traditional Architecture
- Cottage
- Block Foundation
- Architectural Shingle Roof
- Rubber Roof
- Vinyl Siding
Basement
- Dirt Floor
Parking
- 7 Open Parking Spaces
- 7 Parking Spaces
- Parking Lot
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Electric Water Heater
- Municipal Trash
Listing and Financial Details
- The owner pays for water, sewer, trash collection
- Tax Lot 6500-000
- Assessor Parcel Number ED-05-07705-04-6500-000
Community Details
Overview
- 2 Units
Building Details
- Income includes apartment rentals, professional offices
- Insurance Expense $3,947
- Maintenance Expense $815
- Manager Expense $4,745
- Operating Expense $5,653
- Gross Income $46,200
- Net Operating Income $34,390
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 19, 2023
Sold by
Harrington Downtown Properties Llc
Bought by
Gia Downtown Properties Llc
Current Estimated Value
Purchase Details
Closed on
Feb 15, 2007
Sold by
Harrington Michael J and Harrington Donna L
Bought by
Harrington Downtown Properties Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gia Downtown Properties Llc | -- | None Listed On Document | |
| Harrington Downtown Properties Llc | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/29/2022 04/29/22 | Sold | $498,000 | -0.4% | -- |
| 02/24/2022 02/24/22 | Pending | -- | -- | -- |
| 02/17/2022 02/17/22 | For Sale | $500,000 | -- | -- |
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 |
|---|---|---|---|---|
| 2025 | $1,693 | $288,000 | $89,500 | $198,500 |
| 2024 | $1,635 | $288,000 | $89,500 | $198,500 |
| 2023 | $1,189 | $40,400 | $6,800 | $33,600 |
| 2022 | $1,150 | $40,400 | $6,800 | $33,600 |
| 2021 | $1,107 | $40,400 | $6,800 | $33,600 |
| 2020 | $1,070 | $40,400 | $6,800 | $33,600 |
| 2019 | $1,011 | $40,400 | $6,800 | $33,600 |
| 2018 | $923 | $40,400 | $6,800 | $33,600 |
| 2017 | $908 | $40,400 | $0 | $0 |
| 2016 | $911 | $40,400 | $0 | $0 |
| 2015 | -- | $40,400 | $0 | $0 |
| 2014 | -- | $40,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Doreen Irwin
-
Larry Thompson
L
Buyer's Agent in 2022
Larry Thompson
R&R Commerical Realty
(302) 856-4000
35 in this area
71 Total Sales
Map
Source: Bright MLS
MLS Number: DEKT2008172
APN: 2-05-07705-01-4000-000
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