NOT LISTED FOR SALE

1221 Gilbert Ave Wilmington, DE 19808

Estimated Value: $274,000 - $393,000

4 Beds
2 Baths
2,725 Sq Ft
$127/Sq Ft Est. Value

Last Sold October 17, 2014

Last sale price $82,000 $30 Per Sq Ft

Est. 323% increase in value since last sale

Current estimated payment $2,000/month

71 Days on Market

Highlights

  • Cape Cod Architecture
  • No HOA
  • Porch
  • Wood Flooring
  • 2 Car Detached Garage
  • Living Room

About This Home

As of October 2014

This home needs a complete makeover to bring it back to life. Located on a quiet street that is convenient to shopping, parks, restaurants & major roadways. Home features 3-4 bedrooms, 2 full baths living rm with f/p, dining room, nice size family room with doors leading to rear porch. A detached 2 car garage and a full basement with OSE. Property is being sold as-is where is , with no warranties expressed or implied. Buyer is responsible for their own inspections, however seller will not be making any repairs. Please use caution on stairs to 2nd floor!!! All cash offers must have proof of funds dated w/i 30 days & all financing offers renovation loan only must have pre-approval form local lender. Bank addendum required with accepted offer. Seller will be reviewing all offers on/after August 1st. No escalation clauses accepted.

Last Agent to Sell the Property

Kathleen Pennington

(302) 530-1735 kathypennington415@gmail.com RE/MAX Elite License #RS270786 Listed on: 07/21/2014

RE/MAX Elite

Co-Listed By

Patrick Pennington

(302) 593-7024 ppennington357@gmail.com RE/MAX Elite License #R1-0002626

Last Buyer's Agent

Daniel Logan

(302) 234-6089 dan@danlogan.com Patterson-Schwartz-Hockessin License #R3-0016334

Patterson-Schwartz-Hockessin

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 62x125
  • Back and Front Yard
  • Property is zoned NC5

Parking

  • 2 Car Detached Garage
  • 3 Open Parking Spaces

Home Design

  • Cape Cod Architecture
  • Shingle Roof
  • Asbestos

Interior Spaces

  • 2,725 Sq Ft Home
  • Property has 2 Levels
  • Brick Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Laundry Room

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry
  • Laundry in Basement

Outdoor Features

  • Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 052
  • Assessor Parcel Number 08-044.20-052

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • Exclusions: As-Is Where Is
  • Inclusions: As-Is Where Is
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl
  • Fireplace Features: Brick
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Living Room
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry
  • Basement: Yes
  • Basement Type: Partial, Unfinished, Outside Entrance
  • Laundry Type: Basement
  • Total Sq Ft: 2725
  • Living Area Sq Ft: 2725
  • Net Sq Ft: 2725.00
  • Price Per Sq Ft: 30.09
  • Above Grade Finished Sq Ft: 2725
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Asbestos
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 3
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • 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

Lot Info

  • Improvement Assessed Value: 52200.00
  • Land Assessed Value: 6600.00
  • Lot Features: Front Yard, Rear Yard
  • Lot Size Acres: 0.17
  • Lot Dimensions: 62X125
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7405.00
  • Outdoor Living Structures: Porch(es)
  • Zoning: NC5

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2285061
  • Tax Annual Amount: 1537.00
  • Assessor Parcel Number: 08-044.20-052
  • Tax Lot: 052
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 18, 2015
Sold by
Wadhwa Sanjay and Wadhwa Manisha
Bought by
Vn Properties Llc
Current Estimated Value
$346,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Outstanding Balance
$801,963
Interest Rate
3.94%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$455,176

Purchase Details

Listed on
Jul 21, 2014
Closed on
Oct 13, 2014
Sold by
Pnc Bank Na
Bought by
Wadhwa Sanjay
Seller's Agent
Kathleen Pennington
RE/MAX Elite
Buyer's Agent
Daniel Logan
Patterson-Schwartz-Hockessin
List Price
$82,000
Sold Price
$82,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.81%

Purchase Details

Closed on
Jun 25, 2014
Sold by
Chouinard Michael P A
Bought by
Pnc Bank Na
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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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
Vn Properties Llc -- None Available
Wadhwa Sanjay $82,000 None Available
Pnc Bank Na $176,020 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vn Properties Llc $1,020,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2014 10/17/14 Sold $82,000 0.0% $30 / Sq Ft
09/30/2014 09/30/14 Pending -- -- --
09/12/2014 09/12/14 For Sale $82,000 0.0% $30 / Sq Ft
08/11/2014 08/11/14 Pending -- -- --
07/21/2014 07/21/14 For Sale $82,000 -- $30 / 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 $2,180 $58,800 $6,600 $52,200
2023 $1,922 $58,800 $6,600 $52,200
2022 $1,945 $58,800 $6,600 $52,200
2021 $1,945 $58,800 $6,600 $52,200
2020 $1,951 $58,800 $6,600 $52,200
2019 $2,694 $58,800 $6,600 $52,200
2018 $1,911 $58,800 $6,600 $52,200
2017 $1,888 $58,800 $6,600 $52,200
2016 $1,802 $58,800 $6,600 $52,200
2015 $1,690 $58,800 $6,600 $52,200
2014 $1,563 $58,800 $6,600 $52,200
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller Co-Listing Agent in 2014

    Patrick Pennington

    RE/MAX

    (302) 593-7024

    87 Total Sales

    Patrick Pennington
    Section Image
  • Daniel Logan

    Buyer's Agent in 2014

    Daniel Logan

    Patterson Schwartz

    (302) 234-6089

    10 in this area

    156 Total Sales

    Daniel Logan
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003016416

Bright MLS

APN: 08-044.20-052

Delaware New Castle County Wilmington 19808

1221 Gilbert Ave, Wilmington, DE

Not Listed for Sale

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