NOT LISTED FOR SALE

Estimated Value: $165,244 - $462,000

-- Bed
3 Baths
2,075 Sq Ft
$130/Sq Ft Est. Value

Last Sold November 02, 2015

Last sale price $110,000 $53 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $1,624/month

122 Days on Market

Highlights

  • No HOA
  • Hot Water Heating System
  • 3-minute walk to Tilton Park
  • En-Suite Primary Bedroom

About This Home

As of November 2015

This 3 unit semi detached building is located in the very popular Cool Spring area of Wilmington. This large building is in need of some TLC but is reflected in the price. The first floor unit consists of a living room, eat in kitchen, bathroom and a bedroom. The second floor unit has the same rooms as the first floor unit. The third floor unit is almost an efficiency with one room with the kitchen are, a bedroom and a bathroom. All units have shared heat and hot water but have separate electric. The first floor unit is occupied by a family member that would move out prior to settlement unless a rental agreement is reached between the new owner and them. Single family homes on this same block have sold for mid 200's so might be a candidate for making it into a single family home. This property is being sold as is to settle an estate. The first floor has the electric on but the top two units are without electric. Do NOT walk on neighbors roof please.

Last Agent to Sell the Property

Brent Applebaum

Coldwell Banker Realty License #650154 Listed on: 04/27/2015

Coldwell Banker Realty

Co-Listed By

Christopher Nolte

Coldwell Banker Realty License #RA-0020574I

Last Buyer's Agent

Tom Horne

RE/MAX 1st Choice - Middletown License #RA-0002998

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1874

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 22x125

Parking

  • On-Street Parking

Home Design

  • 2,075 Sq Ft Home
  • Triplex
  • Brick Exterior Construction
  • Aluminum Siding

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Utilities

  • Heating System Uses Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 068
  • Assessor Parcel Number 26-027.20-068

Community Details

Overview

  • No Home Owners Association
  • Cool Spring Subdivision

Building Details

  • Operating Expense $2,607

Property Details

Home Type

Multi-Family

Year Built

Built in 1874

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • New Construction: No
  • Year Built: 1874
  • Remarks Public: This 3 unit semi detached building is located in the very popular Cool Spring area of Wilmington. This large building is in need of some TLC but is reflected in the price. The first floor unit consists of a living room, eat in kitchen, bathroom and a bedroom. The second floor unit has the same rooms as the first floor unit. The third floor unit is almost an efficiency with one room with the kitchen are, a bedroom and a bathroom. All units have shared heat and hot water but have separate electric. The first floor unit is occupied by a family member that would move out prior to settlement unless a rental agreement is reached between the new owner and them. Single family homes on this same block have sold for mid 200's so might be a candidate for making it into a single family home. This property is being sold as is to settle an estate. The first floor has the electric on but the top two units are without electric. Do NOT walk on neighbors roof please.
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Entry Location: Foyer
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Total Sq Ft: 2075
  • Living Area Sq Ft: 2075
  • Price Per Sq Ft: 62.65
  • Above Grade Finished Sq Ft: 2075
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1213

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding, Brick
  • Construction Completed: 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
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: RED CLAY CONSOLIDATED
  • School District Key: 300200396545

Lot Info

  • Improvement Assessed Value: 54000.00
  • Land Assessed Value: 10800.00
  • Lot Size Acres: 0.06
  • Lot Dimensions: 22X125
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2614.00
  • Zoning: 26R-3

Rental Info

  • Vacation Rental: No

Multi Family

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

Tax Info

  • Assessor Parcel Number: 2403656
  • Tax Annual Amount: 2746.00
  • Assessor Parcel Number: 26-027.20-068
  • Tax Lot: 068
  • Tax Year: 2015
  • Close Date: 11/02/2015

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 7, 2017
Sold by
Bailey Vera C and Bailey Adam
Bought by
Liberty One Homes Llc
Current Estimated Value
$269,081

Purchase Details

Listed on
Apr 27, 2015
Closed on
Nov 2, 2015
Bought by
Bailey Vera C
Seller's Agent
Brent Applebaum
Coldwell Banker Realty
Buyer's Agent
Tom Horne
RE/MAX 1st Choice - Middletown
List Price
$140,000
Sold Price
$110,000
Premium/Discount to List
-$30,000
-21.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.55%

Purchase Details

Closed on
Feb 2, 2015
Sold by
Estate Of Cathy Thompson
Bought by
Thompson Joanie Carolyn and Thompson Larry
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 Buyer Sale Price Title Company
Liberty One Homes Llc -- None Available
Bailey Vera C -- None Available
Bailey Vera C $110,000 --
Thompson Joanie Carolyn -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bailey Vera C $102,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2015 11/02/15 Sold $110,000 -21.4% $53 / Sq Ft
08/27/2015 08/27/15 Pending -- -- --
04/27/2015 04/27/15 For Sale $140,000 -- $67 / 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 $2,022 $64,800 $10,800 $54,000
2023 $1,757 $64,800 $10,800 $54,000
2022 $1,765 $64,800 $10,800 $54,000
2021 $1,762 $64,800 $10,800 $54,000
2020 $1,772 $64,800 $10,800 $54,000
2019 $3,075 $64,800 $10,800 $54,000
2018 $1,764 $64,800 $10,800 $54,000
2017 $1,761 $64,800 $10,800 $54,000
2016 $1,669 $64,800 $10,800 $54,000
2015 $2,746 $64,800 $10,800 $54,000
2014 $1,148 $64,800 $10,800 $54,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002585690

Bright MLS

APN: 26-027.20-068