NOT LISTED FOR SALE

1135 Lancaster Ave Wilmington, DE 19805

Wilmington Area

Estimated Value: $241,000 - $247,000

Studio
3 Baths
2,125 Sq Ft
$115/Sq Ft Est. Value

Sale Details

Date Sold: February 29, 2024

Last sale price $200,000 $94 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,457 / mo

59 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • 4-minute walk to Connell Street Park

About This Home

As of February 2024

First floor one bedroom apartment, entrance is into the living room, nice size kitchen with large bedroom. Easy access to public transportation and easy to view. Second floor unit is a large 5 bedroom unit, tons of potential on this one. Great cash flow, estimated annual income is $28K a year. Needs some TLC to get it ready for rent. Previous tenants just moved out, owner is keeping it vacant for showings purposes. Vacant and easy to view, call for your private tour today !!!!!!

Last Agent to Sell the Property

Peter Meyer

(302) 994-9600 peter@meyerrealty.net Meyer & Meyer Realty License #RB-0003304 Listed on: 11/19/2023

Last Buyer's Agent

Heather Buckman

(302) 202-9855 ashley.hess@compass.com Compass License #RS0036493

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,000

Year Built

  • Built in 1900

Lot Details

  • 3,000 Sq Ft Lot
  • Lot Dimensions are 18.10 x 65.00

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation

Interior Spaces

  • 2,125 Sq Ft Home
  • Partial Basement
  • Stove

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 26-034.30-497

Community Details

Overview

  • 2 Units
  • Wilm Subdivision

Building Details

  • 2 Vacant Units
  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,000

Year Built

Built in 1900

Lot Details

3,000 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: Stove, Refrigerator
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: Yes
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Stove, Refrigerator
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 2125
  • Living Area Sq Ft: 2125
  • Price Per Sq Ft: 108.19
  • Above Grade Finished Sq Ft: 2125
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Flat
  • Spa: No
  • 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: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 18.10 x 65.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3000.00
  • Zoning: 26R-3
  • In City Limits: Yes

Rental Info

  • Rent Control: No
  • Total Actual Rent: 28800.00
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2000.00
  • Assessor Parcel Number: 26-034.30-497
  • Tax Year: 2023

Multi Family

  • Number Of Units Vacant: 2
  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2024
Sold by
Bought by
Current Estimated Value
$244,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
0.0703%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 31, 2015
Closed on
Jun 3, 2015
Sold by
Bought by
Seller's Agent
Peter Meyer
Meyer & Meyer Realty
Buyer's Agent
Peter Meyer
Meyer & Meyer Realty
List Price
$69,900
Sold Price
$65,660
Premium/Discount to List
-$4,240
-6.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.48%
Original Mortgage
$49,245
Interest Rate
0.0365%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 2007
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$65,660 None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $127,500
Previous Owner $49,245
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/29/2024 02/29/24 Sold $200,000 -13.0% $94 / Sq Ft
01/17/2024 01/17/24 Pending -- -- --
11/19/2023 11/19/23 For Sale $229,900 +250.1% $108 / Sq Ft
06/04/2015 06/04/15 Sold $65,660 -6.1% $31 / Sq Ft View Prior Sale
04/20/2015 04/20/15 Pending -- -- --
03/31/2015 03/31/15 For Sale $69,900 -- $33 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $1,541 $229,100 $41,600 $187,500
2024 $74 $18,200 $1,600 $16,600
2023 $74 $18,200 $1,600 $16,600
2022 $496 $18,200 $1,600 $16,600
2021 $495 $18,200 $1,600 $16,600
2020 $498 $18,200 $1,600 $16,600
2019 $864 $18,200 $1,600 $16,600
2018 $496 $18,200 $1,600 $16,600
2017 $495 $18,200 $1,600 $16,600
2016 $469 $18,200 $1,600 $16,600
2015 $771 $18,200 $1,600 $16,600
2014 $732 $18,200 $1,600 $16,600
Source: Public Records

Agents Affiliated with this Home

  • Peter Meyer

    Seller's Agent in 2024

    Peter Meyer

    Meyer & Meyer Realty

    (302) 218-2790

    101 Total Sales

    Peter Meyer
    Section Image
  • Heather Buckman

    Buyer's Agent in 2024

    Heather Buckman

    Compass

    (302) 365-4177

    80 Total Sales

    Heather Buckman
    Section Image
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Map

Source: Bright MLS

MLS Number: DENC2052894

Bright MLS

APN: 26-034.30-497

Delaware New Castle County Wilmington 19805

1135 Lancaster Ave, Wilmington, DE

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