NOT LISTED FOR SALE

Estimated Value: $128,966 - $208,000

-- Bed
2 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold May 03, 2019

Last sale price $105,000

Est. 63% increase in value since last sale

Current estimated payment $950/month

Highlights

  • Colonial Architecture
  • No HOA
  • Electric Baseboard Heater

About This Home

As of May 2019

A good investment opportunity just south of Wilmington. One building, one tax parcel, two side by side twin homes,#11- #13 are occupied, $795 per month. The math on this one makes sense. Property was renovated a few years ago, newer electric, newer windows and roof and vinyl siding. Separate utilities. Large yard and plenty of parking. #11 and #13 requires 48 hour notice and is being sold in AS-IS condition.

Last Agent to Sell the Property

Don Ash

(302) 521-5100 christinecpierce@comcast.net Alliance Realty License #RS5313505 Listed on: 01/12/2019

Last Buyer's Agent

Tom Riccio

(302) 893-0271 TOM@ricciorealestate.com RE/MAX Point Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $509

Year Built

  • Built in 1930

Lot Details

  • 4,356

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Colonial Architecture
  • Shingle Siding

Utilities

  • Electric Baseboard Heater
  • Natural Gas Water Heater
  • Public Septic

Additional Features

  • Crawl Space
  • 4,356 Sq Ft Lot

Community Details

  • No Home Owners Association
  • 2 Units
  • 2-Story Building

Listing and Financial Details

  • Tax Lot 106
  • Assessor Parcel Number 10-005.20-106

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$509

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Remarks Public: A good investment opportunity just south of Wilmington. One building, one tax parcel, two side by side twin homes,#11- #13 are occupied, $795 per month. The math on this one makes sense. Property was renovated a few years ago, newer electric, newer windows and roof and vinyl siding. Separate utilities. Large yard and plenty of parking. #11 and #13 requires 48 hour notice and is being sold in AS-IS condition.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Crawl Space
  • Room Count: 8
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 11-13

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Shingle Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

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

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: COLONIAL
  • School District Key: 300200396891
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 13300.00
  • Land Assessed Value: 2700.00
  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4356.00
  • Zoning: NC5
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2305712
  • School Tax: 377.00
  • Tax Annual Amount: 509.00
  • Assessor Parcel Number: 10-005.20-106
  • Tax Lot: 106
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 05/03/2019

MLS Schools

  • School District Name: COLONIAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2019
Closed on
Jun 24, 2019
Sold by
Garland K Steven
Bought by
Boxwood Investments Llc
Seller's Agent
Don Ash
Alliance Realty
Buyer's Agent
Tom Riccio
RE/MAX Point Realty
List Price
$119,900
Sold Price
$105,000
Premium/Discount to List
-$14,900
-12.43%
Current Estimated Value
$170,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,655
Avg. Annual Appreciation
7.05%
Original Mortgage
$76,875
Outstanding Balance
$68,298
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$94,241

Purchase Details

Closed on
Oct 9, 2013
Sold by
Blue Rock Properties Llc
Bought by
Garland K Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.5%
Mortgage Type
Balloon

Purchase Details

Listed on
Feb 13, 2013
Closed on
May 30, 2013
Sold by
Smith Andrew R and Smith Kimberly L
Bought by
Blue Rock Properties Llc
Seller's Agent
Stephen Mervine
RE/MAX Associates-Hockessin
Buyer's Agent
Jeff Derp
Long & Foster Real Estate, Inc.
List Price
$45,000
Sold Price
$40,000
Premium/Discount to List
-$5,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.03%

Purchase Details

Closed on
Nov 17, 2006
Sold by
Smith Andrew R and Smith John L
Bought by
Smith Andrew R and Smith Kimberly L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,425
Interest Rate
6.31%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 26, 2006
Sold by
Grp/Ag Reo 2004-2 Llc
Bought by
Smith Renovations Llc

Purchase Details

Closed on
May 25, 2005
Sold by
Goldner Jeffrey and Mortgage Electronic Registrati
Bought by
Grp/Ag Reo 2004-2 Llc

Purchase Details

Closed on
Jan 25, 2002
Sold by
Seabrook Margo
Bought by
Goldner Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,900
Interest Rate
6.91%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Boxwood Investments Llc -- None Available
Garland K Steven $65,000 Kirsh Title Services Inc
Blue Rock Properties Llc $40,000 Kirsh Title Services Inc
Smith Andrew R -- None Available
Smith Andrew R -- None Available
Smith Renovations Llc $51,333 None Available
Grp/Ag Reo 2004-2 Llc $101,609 --
Goldner Jeffrey $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boxwood Investments Llc $76,875
Previous Owner Goldner Jeffrey $71,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2019 05/03/19 Sold $105,000 -12.4% --
04/04/2019 04/04/19 Pending -- -- --
01/12/2019 01/12/19 For Sale $119,900 0.0% --
07/07/2014 07/07/14 Rented $650 0.0% --
06/24/2014 06/24/14 Under Contract -- -- --
06/19/2014 06/19/14 For Rent $650 0.0% --
05/30/2013 05/30/13 Sold $40,000 -11.1% $22 / Sq Ft
02/25/2013 02/25/13 Pending -- -- --
02/13/2013 02/13/13 For Sale $45,000 -- $25 / Sq Ft
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 $536 $16,000 $2,700 $13,300
2023 $485 $16,000 $2,700 $13,300
2022 $509 $16,000 $2,700 $13,300
2021 $509 $16,000 $2,700 $13,300
2020 $512 $16,000 $2,700 $13,300
2019 $1,512 $16,000 $2,700 $13,300
2018 $218 $16,000 $2,700 $13,300
2017 $419 $16,000 $2,700 $13,300
2016 $419 $16,000 $2,700 $13,300
2015 $420 $16,000 $2,700 $13,300
2014 $419 $16,000 $2,700 $13,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC317682

Bright MLS

APN: 10-005.20-106