$227,500
SOLD JAN 18, 2019

111 E 38th St Wilmington, DE 19802

-- Bed
-- Bath
2,720 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$84 Per Sq Ft

9% Below List Price

145 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • Hot Water Heating System
  • Pierre S. Dupont Middle School Rated A-

About This Home

As of March 2024

Priced below appraisal! Great cash flow and return on investment with this 3-unit property boasting solid rental history. Excellent location just a block from Philadelphia Pike and minutes from I495, I95 and Rt202. The neighborhood of Penn Rose is quaint and is in New Castle county (not City of Wilmington). Unique 3-unit property is FULLY rented and has a lot of updates. Basement apartment has been fully remodeled. Units have separate entrances and electric and gas meters. Owner pays for gas, water and sewer. Washer/dryer in each unit. Because of the age of the building, property is sold AS IS and any inspections will be for informational purposes only.

Last Agent to Sell the Property

Anastasia Balakin

SEA BOVA ASSOCIATES INC. License #SCAOR:NAS12VEY Listed on: 07/16/2018

Last Buyer's Agent

Bob Taylor

Century 21 Gold Key Realty

Century 21 Gold Key Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,554

Year Built

  • Built in 1925

Lot Details

  • 2,178 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Shingle Siding
  • Vinyl Siding

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Finished Basement

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

Utilities

  • Window Unit Cooling System
  • Radiator
  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for heat, sewer, water
  • Tax Lot 121
  • Assessor Parcel Number 06-144.00-121

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $6,594

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,554

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Remarks Public: Priced below appraisal! Great cash flow and return on investment with this 3-unit property boasting solid rental history. Excellent location just a block from Philadelphia Pike and minutes from I495, I95 and Rt202. The neighborhood of Penn Rose is quaint and is in New Castle county (not City of Wilmington). Unique 3-unit property is FULLY rented and has a lot of updates. Basement apartment has been fully remodeled. Units have separate entrances and electric and gas meters. Owner pays for gas, water and sewer. Washer/dryer in each unit. Because of the age of the building, property is sold AS IS and any inspections will be for informational purposes only.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Carpet, Ceramic Tile, Vinyl
  • Basement: Yes
  • Basement Type: Full, Improved, Fully Finished, Outside Entrance, Windows
  • Total Sq Ft: 2720
  • Living Area Sq Ft: 2720
  • Price Per Sq Ft: 119.75
  • Above Grade Finished Sq Ft: 2000
  • Below Grade Finished Sq Ft: 720
  • Total Below Grade Sq Ft: 720
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 111

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Shingle Siding, Vinyl Siding
  • Roof: Flat
  • 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
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: BRANDYWINE
  • School District Key: 300200396892
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 43200.00
  • Land Assessed Value: 3500.00
  • Lot Size Acres: 0.05
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Zoning: NC5
  • In City Limits: No

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Owner Pays: Heat, Sewer, Water
  • Rent Control: No
  • Total Actual Rent: 29700.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2247110
  • School Tax: 1216.00
  • Tax Annual Amount: 1554.00
  • Assessor Parcel Number: 06-144.00-121
  • Tax Lot: 121
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 01/18/2019

Multi Family

  • Operating Expense: 6594.00
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: BRANDYWINE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 5, 2024
Sold by
Downs Jubbian
Bought by
J & S Home Sweet Homes Llc
Current Estimated Value
$438,804

Purchase Details

Listed on
Dec 8, 2023
Closed on
Mar 12, 2024
Sold by
Robertson Stephen
Bought by
Downs Jubbian
Seller's Agent
Marlon Belfon
English Realty
Buyer's Agent
Donielle Haughton
Century 21 Gold Key Realty
List Price
$360,000
Sold Price
$355,000
Premium/Discount to List
-$5,000
-1.39%
Views
186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.40%
Original Mortgage
$266,250
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 13, 2021
Closed on
Sep 20, 2021
Sold by
Handy Donte A
Bought by
Robertson Stephen
Seller's Agent
Christina Quinn
Empower Real Estate, LLC
Buyer's Agent
Marlon Belfon
English Realty
List Price
$290,000
Sold Price
$290,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.50%
Original Mortgage
$11,389
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 16, 2018
Closed on
Jan 18, 2019
Sold by
Antech Computer Solutions Llc
Bought by
Handy Donte A
Seller's Agent
Anastasia Balakin
SEA BOVA ASSOCIATES INC.
Buyer's Agent
Bob Taylor
Century 21 Gold Key Realty
List Price
$249,900
Sold Price
$227,500
Premium/Discount to List
-$22,400
-8.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.52%
Original Mortgage
$232,391
Interest Rate
4.6%
Mortgage Type
VA

Purchase Details

Listed on
Oct 26, 2015
Closed on
Nov 11, 2015
Sold by
L & S Real Estate Holdings Llc
Bought by
Antech Home Solutions Llc
Seller's Agent
Jim Pettit
RE/MAX Elite
Buyer's Agent
Eddie Riggin
RE/MAX Elite
List Price
$125,000
Sold Price
$102,500
Premium/Discount to List
-$22,500
-18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.91%

Purchase Details

Closed on
Oct 31, 2006
Sold by
Fotakos Leonida and Fotakos Sophia
Bought by
L & S Real Estate Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
6.47%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 17, 2001
Sold by
Clarke Glenn A
Bought by
Andress Robert F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,400
Interest Rate
7.16%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Deed -- None Listed On Document
Deed $290,000 None Available
Deed $227,500 None Available
Deed $102,500 None Available
Deed -- None Available
Deed $174,000 None Available
Deed $128,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $266,250 New Conventional
Previous Owner $11,389 New Conventional
Previous Owner $284,747 FHA
Previous Owner $11,389 Second Mortgage Made To Cover Down Payment
Previous Owner $231,425 VA
Previous Owner $232,391 VA
Previous Owner $146,500 Commercial
Previous Owner $130,500 Unknown
Previous Owner $15,000 Unknown
Previous Owner $102,400 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2024 03/12/24 Sold $355,000 -1.4% $130 / Sq Ft
02/12/2024 02/12/24 Pending -- -- --
02/06/2024 02/06/24 Price Changed $360,000 -4.0% $132 / Sq Ft
12/14/2023 12/14/23 Price Changed $375,000 +4.2% $138 / Sq Ft
12/08/2023 12/08/23 For Sale $360,000 +24.1% $132 / Sq Ft
09/20/2021 09/20/21 Sold $290,000 0.0% $84 / Sq Ft
07/26/2021 07/26/21 Pending -- -- --
07/13/2021 07/13/21 For Sale $290,000 0.0% $84 / Sq Ft
08/18/2020 08/18/20 Rented $800 0.0% --
07/28/2020 07/28/20 For Rent $800 0.0% --
01/18/2019 01/18/19 Sold $227,500 -5.0% $84 / Sq Ft
12/08/2018 12/08/18 Pending -- -- --
10/05/2018 10/05/18 Price Changed $239,500 -4.1% $88 / Sq Ft
09/13/2018 09/13/18 Price Changed $249,800 0.0% $92 / Sq Ft
07/16/2018 07/16/18 For Sale $249,900 +143.8% $92 / Sq Ft
11/30/2015 11/30/15 Sold $102,500 -18.0% $38 / Sq Ft
11/08/2015 11/08/15 Pending -- -- --
10/26/2015 10/26/15 For Sale $125,000 -- $46 / 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 $1,823 $46,700 $3,500 $43,200
2023 $1,670 $46,700 $3,500 $43,200
2022 $1,690 $46,700 $3,500 $43,200
2021 $1,689 $46,700 $3,500 $43,200
2020 $1,688 $46,700 $3,500 $43,200
2019 $2,044 $46,700 $3,500 $43,200
2018 $367 $46,700 $3,500 $43,200
2017 $1,588 $46,700 $3,500 $43,200
2016 $1,588 $46,700 $3,500 $43,200
2015 $1,463 $46,700 $3,500 $43,200
2014 $1,462 $46,700 $3,500 $43,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002047484

Bright MLS

APN: 06-144.00-121