NOT LISTED FOR SALE

Estimated Value: $386,252 - $473,000

-- Bed
3 Baths
2,400 Sq Ft
$179/Sq Ft Est. Value

Last Sold September 27, 2019

Last sale price $239,900 $100 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $2,494/month

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • Hot Water Baseboard Heater
  • Wood Flooring
  • No HOA

About This Home

As of September 2019

Rare opportunity to buy this terrific, solid, all brick investment property convenient to Wilmington. 3 units, two have one bedroom each and the third one is an efficiency. First floor unit (with fireplace, basement, and patio) is vacant so this could be available for an owner-occupant who wants to live in one and rent the other two units out. Let others make your mortgage payment for you! Or 1st floor unit could likely be rented for about $1100/month.Well-maintained property special opportunity! Tenants pay electric and cable. Owner pays water, sewer, heat. Income numbers reflect actual rents for 2nd and 3rd floor, projected rent for 1st floor. You've been thinking about starting/adding to your rental portfolio, this could be the one! Excellent rental history. 24 hour notice needed to see occupied units, quick and easy access to 1st floor unit.

Last Agent to Sell the Property

Salvatore Sedita

(302) 218-5968 ssedita@psre.com Patterson-Schwartz-Hockessin Listed on: 08/09/2019

Patterson-Schwartz-Hockessin

Last Buyer's Agent

Christopher Pataki

(302) 562-0628 patakirealestate@gmail.com RE/MAX Associates-Hockessin License #RS-0019092

RE/MAX Associates-Hockessin

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,257

Year Built

  • Built in 1954

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 85 x 100
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,400 Sq Ft Home
  • 1 Fireplace
  • Wood Flooring
  • Unfinished Basement

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for heat, insurance, lawn/shrub care, pest control, repairs, sewer, real estate taxes, trash collection, water
  • Assessor Parcel Number 07039.30477

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Richardson Park Subdivision

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Operating Expense $7,996
  • Gross Income $29,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,257

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: See Attached Form
  • Historic: No
  • Home Warranty: No
  • Inclusions: See Attached Form
  • New Construction: No
  • Year Built: 1954
  • Remarks Public: Rare opportunity to buy this terrific, solid, all brick investment property convenient to Wilmington. 3 units, two have one bedroom each and the third one is an efficiency. First floor unit (with fireplace, basement, and patio) is vacant so this could be available for an owner-occupant who wants to live in one and rent the other two units out. Let others make your mortgage payment for you! Or 1st floor unit could likely be rented for about $1100/month.Well-maintained property special opportunity! Tenants pay electric and cable. Owner pays water, sewer, heat. Income numbers reflect actual rents for 2nd and 3rd floor, projected rent for 1st floor. You've been thinking about starting/adding to your rental portfolio, this could be the one! Excellent rental history. 24 hour notice needed to see occupied units, quick and easy access to 1st floor unit.
  • Special Features: None

Interior Features

  • Flooring Type: Hardwood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Basement: Yes
  • Basement Type: Unfinished
  • Living Area Units: Square Feet
  • Total Sq Ft: 2400
  • Living Area Sq Ft: 2400
  • Price Per Sq Ft: 99.96
  • Above Grade Finished Sq Ft: 2400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 12

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • 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: Wall Unit
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: 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: 62200.00
  • Land Assessed Value: 6400.00
  • Land Lease: No
  • Lot Size Acres: 0.20
  • Lot Dimensions: 85 x 100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8712.00
  • Property Condition: Good
  • Zoning: NC5
  • In City Limits: No

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Owner Pays: Heat, Insurance, Lawn/Shrub Care, Pest Control, Repairs, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 29640.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1
  • Gross Scheduled Income: 29640.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 7996.00
  • Single Room Units Count: 7

Tax Info

  • Assessor Parcel Number: 2257850
  • Tax Annual Amount: 2257.00
  • Assessor Parcel Number: 07039.30477
  • Tax Year: 2018
  • Close Date: 09/27/2019

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2019
Closed on
Sep 27, 2019
Sold by
Tovstukha Andrey N and Tovstukha Julie
Bought by
Bethune Tianna
Seller's Agent
Salvatore Sedita
Patterson-Schwartz-Hockessin
Buyer's Agent
Christopher Pataki
RE/MAX Associates-Hockessin
List Price
$239,900
Sold Price
$239,900
Current Estimated Value
$429,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,726
Avg. Annual Appreciation
10.11%
Original Mortgage
$235,554
Outstanding Balance
$209,409
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$220,217

Purchase Details

Closed on
Apr 28, 2004
Sold by
Bowers David A and Bowers Joyce M
Bought by
Tovstukha Andrey N and Tovstukha Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,400
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Bethune Tianna $239,900 Fidelity National Ttl Ins Co
Tovstukha Andrey N $188,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bethune Tianna $235,554
Previous Owner Tovstukha Andrey N $150,400
Closed Tovstukha Andrey N $18,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2019 09/27/19 Sold $239,900 0.0% $100 / Sq Ft
08/15/2019 08/15/19 Pending -- -- --
08/09/2019 08/09/19 For Sale $239,900 -- $100 / 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 $2,602 $68,600 $6,400 $62,200
2023 $2,304 $68,600 $6,400 $62,200
2022 $2,318 $68,600 $6,400 $62,200
2021 $2,317 $68,600 $6,400 $62,200
2020 $2,323 $68,600 $6,400 $62,200
2019 $2,639 $68,600 $6,400 $62,200
2018 $344 $68,600 $6,400 $62,200
2017 $2,146 $68,600 $6,400 $62,200
2016 $2,146 $68,600 $6,400 $62,200
2015 $2,013 $68,600 $6,400 $62,200
2014 $1,867 $68,600 $6,400 $62,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC484712

Bright MLS

APN: 07-039.30-477