$60,000
SOLD FEB 11, 2022

1132 W 2nd St Wilmington, DE 19805

2 Beds
1 Bath
1,025 Sq Ft
871 Sq Ft Lot

Recently Sold

$59 Per Sq Ft

8% Below List Price

116 Days on Market

Highlights

  • No HOA
  • Central Heating
  • 3-minute walk to Adams Street Courts

About This Home

As of March 2024

INVESTMENT Property Available!

Are you an investor looking to build your investment portfolio? Whether you're a new investor or someone who already has experience, here's a property you won't want to miss. This 2 bedroom, 1 bathroom vacant property has a potential cap rate of 12% and all utilities are paid by your future tenant. Properties in the area are currently being rented for $1,000 per month. This home has nice flooring throughout and a perfect sized backyard for your future tenant.

More pictures to come.

Last Agent to Sell the Property

Heather Sinclair

EXP Realty, LLC Listed on: 10/01/2021

EXP Realty, LLC

Last Buyer's Agent

Lauren Janes

Compass License #5016145

Compass

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $416

Year Built

  • Built in 1900

Lot Details

  • 871 Sq Ft Lot
  • Lot Dimensions are 15.00 x 62.00

Parking

  • On-Street Parking

Home Design

  • Side-by-Side
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,025 Sq Ft Home
  • Property has 2 Levels
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating
  • Electric Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • Hedgeville Subdivision

Listing and Financial Details

  • Tax Lot 490
  • Assessor Parcel Number 26-034.30-490

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$416

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Side-By-Side
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2021-10-01
  • Federal Flood Zone: No
  • Year Built: 1900
  • Automatically Close On Close Date: Yes
  • Remarks Public: INVESTMENT Property Available! Are you an investor looking to build your investment portfolio? Whether you're a new investor or someone who already has experience, here's a property you won't want to miss. This 2 bedroom, 1 bathroom vacant property has a potential cap rate of 12% and all utilities are paid by your future tenant. Properties in the area are currently being rented for $1,000 per month. This home has nice flooring throughout and a perfect sized backyard for your future tenant. More pictures to come.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1025
  • Living Area Sq Ft: 1025
  • Price Per Sq Ft: 63.41
  • Above Grade Finished Sq Ft: 1025
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1132

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

  • School District: RED CLAY CONSOLIDATED
  • School District Key: 300200396545
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 7600.00
  • Land Assessed Value: 1500.00
  • Lot Size Acres: 0.02
  • Lot Dimensions: 15.00 x 62.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 871.00
  • Year Assessed: 2021
  • Zoning: 26R-3
  • In City Limits: Yes

Rental Info

  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 2410373
  • School Tax: 225.00
  • Tax Annual Amount: 416.00
  • Assessor Parcel Number: 26-034.30-490
  • Tax Lot: 490
  • Tax Total Finished Sq Ft: 1025
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 02/11/2022

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2024
Closed on
Mar 25, 2024
Sold by
Runway Real Estate Llc
Bought by
Star Century Solutions Llc
Seller's Agent
Joseph Hurley
Pantano Real Estate Inc
Buyer's Agent
Shellane Maxwell
Keller Williams Realty Wilmington
List Price
$75,000
Sold Price
$75,000
Total Days on Market
116
Views
47
Current Estimated Value
$86,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,157
Avg. Annual Appreciation
16.42%

Purchase Details

Closed on
Oct 15, 2023
Sold by
Clyde Robert Christian and King Masison
Bought by
Runway Real Estate Llc

Purchase Details

Listed on
Oct 1, 2021
Closed on
Feb 8, 2022
Sold by
Gomez Andres A and Gomez Aurelinda A
Bought by
Clyde Robert Christian and Clyde Madison King
Seller's Agent
Heather Sinclair
EXP Realty, LLC
Buyer's Agent
Lauren Janes
Compass
List Price
$65,000
Sold Price
$60,000
Premium/Discount to List
-$5,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.97%

Purchase Details

Closed on
Nov 30, 2020
Sold by
Ramos Alejo and Ramos Mildred
Bought by
Gomez Andres and Gomez Aurelinda A

Purchase Details

Closed on
Sep 16, 1993
Bought by
Ramos Alejo and Ramos Mildred
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
Quit Claim Deed -- None Listed On Document
Deed -- None Listed On Document
Deed -- None Available
Deed $8,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2024 03/26/24 Sold $75,000 0.0% $73 / Sq Ft
03/07/2024 03/07/24 For Sale $75,000 +25.0% $73 / Sq Ft
02/11/2022 02/11/22 Sold $60,000 -7.7% $59 / Sq Ft
01/26/2022 01/26/22 Pending -- -- --
01/02/2022 01/02/22 Price Changed $65,000 0.0% $63 / Sq Ft
01/02/2022 01/02/22 For Sale $65,000 +8.3% $63 / Sq Ft
12/30/2021 12/30/21 Off Market $60,000 -- --
12/19/2021 12/19/21 For Sale $67,500 +12.5% $66 / Sq Ft
12/18/2021 12/18/21 Off Market $60,000 -- --
10/01/2021 10/01/21 For Sale $67,500 -- $66 / 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 $284 $9,100 $1,500 $7,600
2023 $247 $9,100 $1,500 $7,600
2022 $248 $9,100 $1,500 $7,600
2021 $248 $9,100 $1,500 $7,600
2020 $0 $9,100 $1,500 $7,600
2019 $430 $9,100 $1,500 $7,600
2018 $333 $9,100 $1,500 $7,600
2017 $403 $9,100 $1,500 $7,600
2016 $403 $9,100 $1,500 $7,600
2015 $169 $9,100 $1,500 $7,600
2014 $366 $9,100 $1,500 $7,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2007466

Bright MLS

APN: 26-034.30-490