$102,500
SOLD NOV 30, 2015

111 E 38th St Wilmington, DE 19802

-- Bed
-- Bath
2,725 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$38 Per Sq Ft

18% Below List Price

13 Days on Market

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Wood Siding
  • Pierre S. Dupont Middle School Rated A-
  • Hot Water Heating System

About This Home

As of March 2024

New Castle County Property!! Location, Location, Location! Located just south of Philadelphia Pike in quaint neighborhood of Penn Rose. 3 units are ready to go. Lots of fresh paint and many updates. Separate meters for the units for gas and electric. Property needs some updated carpeting to make it shine. Great rental potential! Property has certification for non-conforming status in NCC as three unit. Owner pays for oil heat and sewer and water. * Currently owner has been paying and additional $260 a month for utilities while units are not rented. Normally it is $80 a month.

Last Agent to Sell the Property

Jim Pettit

RE/MAX Elite Listed on: 10/26/2015

RE/MAX Elite

Last Buyer's Agent

Eddie Riggin

RE/MAX Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,429

Year Built

  • Built in 1925

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 23x98

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Wood Siding
  • Aluminum Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,725 Sq Ft Home
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 121
  • Assessor Parcel Number 06-144.00-121

Community Details

Overview

  • No Home Owners Association
  • Penn Rose Subdivision

Building Details

  • Electric Expense $960
  • Insurance Expense $1,830
  • Operating Expense $9,087

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,429

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Remarks Public: New Castle County Property!! Location, Location, Location! Located just south of Philadelphia Pike in quaint neighborhood of Penn Rose. 3 units are ready to go. Lots of fresh paint and many updates. Separate meters for the units for gas and electric. Property needs some updated carpeting to make it shine. Great rental potential! Property has certification for non-conforming status in NCC as three unit. Owner pays for oil heat and sewer and water. * Currently owner has been paying and additional $260 a month for utilities while units are not rented. Normally it is $80 a month.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Entry Location: Private
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Fully Finished
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 2725
  • Living Area Sq Ft: 2725
  • Price Per Sq Ft: 45.87
  • Above Grade Finished Sq Ft: 2725
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 111

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding, Wood Siding, Brick
  • Construction Completed: No
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Annual Heating Expense: 3998.00
  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Electric Expense: 960.00
  • Electric Service: Circuit Breakers
  • Heating Fuel: Oil
  • Heating Type: Oil, Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 870.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: BRANDYWINE
  • School District Key: 300200396892

Lot Info

  • Improvement Assessed Value: 43200.00
  • Land Assessed Value: 3500.00
  • Lot Size Acres: 0.05
  • Lot Dimensions: 23X98
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Zoning: NC5

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 24000.00
  • Other Units: Unit 1,Unit 2,Unit 3
  • Single Room Units Count: 1

Tax Info

  • Assessor Parcel Number: 2247110
  • Tax Annual Amount: 1429.00
  • Assessor Parcel Number: 06-144.00-121
  • Tax Lot: 121
  • Tax Year: 2015
  • Close Date: 11/30/2015

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
Total Days on Market
13
Current Estimated Value
$387,134

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
7.36%
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

Range of Values:

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Average Value
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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 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: 1002725458

Bright MLS

APN: 06-144.00-121