NOT LISTED FOR SALE

1127 Read St Wilmington, DE 19805

Hedgeville Neighborhood

Estimated Value: $87,000 - $116,000

2 Beds
1 Bath
650 Sq Ft
$152/Sq Ft Est. Value

Last Sold March 24, 2017

Last sale price $29,000 $45 Per Sq Ft

Est. 241% increase in value since last sale

Current estimated payment $561/month

212 Days on Market

Highlights

  • Traditional Architecture
  • Cooling System Mounted In Outer Wall Opening
  • En-Suite Primary Bedroom
  • No HOA
  • Living Room
  • 4-minute walk to Adams Street Courts

About This Home

As of March 2017

Excellent opportunity for the investor to acquire this property in a convenient city location, close to public transportation, river front attractions, shopping and the downtown business area. The property is turn key and ready to take over with current month to month, long term tenant in place at $700/month.

Last Agent to Sell the Property

Patricia Shores

RE/MAX 1st Choice - Middletown Listed on: 07/25/2016

Co-Listed By

Steve Tolmie

RE/MAX 1st Choice - Middletown License #RB-0020043

Last Buyer's Agent

JOCELYN THORPE

Keller Williams Real Estate - Media

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1900

Lot Details

  • 436 Sq Ft Lot
  • Lot Dimensions are 12x50
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 650 Sq Ft Home
  • Property has 2 Levels
  • Living Room
  • Dining Room
  • Basement Fills Entire Space Under The House
  • Laundry on lower level

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 1 Full Bathroom

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Wilm #26 Subdivision

Listing and Financial Details

  • Tax Lot 536
  • Assessor Parcel Number 26-034.30-536

Townhouse Details

Home Type

Townhome

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: Range, Refrigerator, Shades, Blinds, Window A/C Unit
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: Excellent opportunity for the investor to acquire this property in a convenient city location, close to public transportation, river front attractions, shopping and the downtown business area. The property is turn key and ready to take over with current month to month, long term tenant in place at $700/month.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Bedroom 1
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Lower Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 650
  • Living Area Sq Ft: 650
  • Net Sq Ft: 650.00
  • Price Per Sq Ft: 59.85
  • Above Grade Finished Sq Ft: 650
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1127

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Access To Pool: No
  • 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

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

Condo/Co-op/Association

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

Schools

  • School District: CHRISTINA
  • School District Key: 300200396890

Lot Info

  • Improvement Assessed Value: 10200.00
  • Land Assessed Value: 1100.00
  • Lot Size Acres: 0.01
  • Lot Dimensions: 12X50
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 436.00
  • Property Condition: Good
  • Zoning: 26R-3

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2410419
  • Tax Annual Amount: 527.00
  • Assessor Parcel Number: 26-034.30-536
  • Tax Lot: 536
  • Tax Year: 2016
  • Close Date: 03/24/2017

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2025
Sold by
Truvision Llc
Bought by
Wilmington Home Portfolio Llc
Total Days on Market
212
Current Estimated Value
$99,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$748,745
Interest Rate
6.91%
Mortgage Type
New Conventional
Estimated Equity
-$649,745

Purchase Details

Listed on
Jul 25, 2016
Closed on
Mar 24, 2017
Sold by
Northern Bay Property Management Llc
Bought by
Truvision Llc
Seller's Agent
Patricia Shores
RE/MAX 1st Choice - Middletown
Buyer's Agent
JOCELYN THORPE
Keller Williams Real Estate - Media
List Price
$42,500
Sold Price
$29,000
Premium/Discount to List
-$13,500
-31.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.17%
Original Mortgage
$100,000
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 8, 2011
Sold by
Pay4pad Llc
Bought by
Northern Bay Property Management Llc

Purchase Details

Closed on
Sep 22, 2011
Sold by
Ciuffetelli Luigi
Bought by
Pay4pad Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
4.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2005
Sold by
Fam Enterprises Llc
Bought by
Ciuffetelli Luigi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
1.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 30, 2004
Sold by
Sheraton Robert L
Bought by
Fam Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,429
Interest Rate
6.33%
Mortgage Type
Seller Take Back
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 Buyer Sale Price Title Company
Wilmington Home Portfolio Llc $589,000 None Listed On Document
Truvision Llc -- None Available
Northern Bay Property Management Llc $26,000 None Available
Pay4pad Llc $14,000 None Available
Ciuffetelli Luigi -- --
Fam Enterprises Llc $28,571 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilmington Home Portfolio Llc $750,000
Previous Owner Truvision Llc $115,000
Previous Owner Truvision Llc $100,000
Previous Owner Pay4pad Llc $25,000
Previous Owner Ciuffetelli Luigi $58,400
Previous Owner Ciuffetelli Luigi $52,500
Previous Owner Fam Enterprises Llc $21,429
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2017 03/24/17 Sold $29,000 -25.4% $45 / Sq Ft
02/22/2017 02/22/17 Pending -- -- --
02/22/2017 02/22/17 Price Changed $38,900 -7.2% $60 / Sq Ft
09/01/2016 09/01/16 Price Changed $41,900 -1.4% $64 / Sq Ft
07/25/2016 07/25/16 For Sale $42,500 -- $65 / 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 $417 $11,300 $1,100 $10,200
2023 $406 $11,300 $1,100 $10,200
2022 $402 $11,300 $1,100 $10,200
2021 $392 $11,300 $1,100 $10,200
2020 $380 $11,300 $1,100 $10,200
2019 $556 $11,300 $1,100 $10,200
2018 $325 $11,300 $1,100 $10,200
2017 $315 $11,300 $1,100 $10,200
2016 $314 $11,300 $1,100 $10,200
2015 $491 $11,300 $1,100 $10,200
2014 $491 $11,300 $1,100 $10,200
Source: Public Records

Agents Affiliated with this Home

  • Patricia Shores

    Seller's Agent in 2017

    Patricia Shores

    RE/MAX

    (302) 437-4611

    52 Total Sales

    Patricia Shores
    Section Image
  • Steve Tolmie

    Seller Co-Listing Agent in 2017

    Steve Tolmie

    RE/MAX

    (302) 367-5852

    50 Total Sales

    Steve Tolmie
    Section Image

  • J

    Buyer's Agent in 2017

    JOCELYN THORPE

    Keller Williams Real Estate - Media

    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003954593

Bright MLS

APN: 26-034.30-536

Delaware New Castle County Wilmington 19805 Hedgeville

1127 Read St, Wilmington, DE

This home is located at 1127 Read St, Wilmington, DE 19805 since 25 July 2016 and is currently estimated at $99,000, approximately $152 per square foot. This property was built in 1900. 1127 Read St is a home located in New Castle County with nearby schools including The Bayard School, Newark High School, and St Elizabeth Elementary School.

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