NOT LISTED FOR SALE

123 E Ayre St Wilmington, DE 19804

Estimated Value: $253,000 - $312,000

-- Bed
2 Baths
1,350 Sq Ft
$211/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $205,000 $152 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,679/month

6 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Hot Water Baseboard Heater

About This Home

As of April 2021

Investor Alert! Great income producing corner duplex with a parking lot in the back. Both units are rented with month-to-month leases . The first floor apartment is a 2 bedroom, 1.5 bath renting for $1,095/month and the upstairs apartment is a two story 2 bedroom, 1.5 bath renting for $900/month. Each apartment has their own half of the basement with individual laundry and plenty of storage. Utilities are separately metered including two oil tanks for the Weil McLain boilers.

Last Agent to Sell the Property

Robert Harrison

Harrison Properties, Ltd. Listed on: 03/09/2021

Last Buyer's Agent

Lauren Janes

Compass License #5016145

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,514

Year Built

  • Built in 1880

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 66.00 x 91.80

Home Design

  • Duplex
  • Colonial Architecture
  • Stucco

Interior Spaces

  • 1,350 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Lot

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • Oil Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 036
  • Assessor Parcel Number 20-003.00-036

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,514

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Tenant's personal property
  • Inclusions: All appliances in "as-is" condition
  • New Construction: No
  • Year Built: 1880
  • Automatically Close On Close Date: No
  • Remarks Public: Investor Alert! Great income producing corner duplex with a parking lot in the back. Both units are rented with month-to-month leases . The first floor apartment is a 2 bedroom, 1.5 bath renting for $1,095/month and the upstairs apartment is a two story 2 bedroom, 1.5 bath renting for $900/month. Each apartment has their own half of the basement with individual laundry and plenty of storage. Utilities are separately metered including two oil tanks for the Weil McLain boilers.
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1350
  • Living Area Sq Ft: 1350
  • Price Per Sq Ft: 140.67
  • Above Grade Finished Sq Ft: 1350
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 123

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Oil
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • 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: 32700.00
  • Land Assessed Value: 6000.00
  • Lot Size Acres: 0.14
  • Lot Dimensions: 66.00 x 91.80
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6098.00
  • Year Assessed: 2020
  • Zoning: 20GB
  • In City Limits: No

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 2
  • Total Actual Rent: 23940.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2377692
  • School Tax: 959.00
  • Tax Annual Amount: 1514.00
  • Assessor Parcel Number: 20-003.00-036
  • Tax Lot: 036
  • Tax Total Finished Sq Ft: 1350
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 04/30/2021

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2021
Closed on
Apr 30, 2021
Sold by
Ellingsworth Linda and Estate Of Ann K Buchanan
Bought by
Fales David
Seller's Agent
Robert Harrison
Harrison Properties, Ltd.
Buyer's Agent
Lauren Janes
Compass
List Price
$189,900
Sold Price
$205,000
Premium/Discount to List
$15,100
7.95%
Current Estimated Value
$284,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,924
Avg. Annual Appreciation
6.81%
Original Mortgage
$153,750
Outstanding Balance
$140,609
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$130,990

Purchase Details

Closed on
May 1, 1986
Bought by
Buchanan Henry C and Buchanan Ann K
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
Fales David -- North American Title Ins Co
Buchanan Henry C $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fales David $153,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $205,000 +8.0% $152 / Sq Ft
03/09/2021 03/09/21 For Sale $189,900 0.0% $141 / Sq Ft
10/23/2019 10/23/19 Rented $1,095 0.0% --
10/18/2019 10/18/19 Under Contract -- -- --
10/07/2019 10/07/19 For Rent $1,095 -- --
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 $1,259 $38,700 $6,000 $32,700
2023 $1,099 $38,700 $6,000 $32,700
2022 $1,141 $38,700 $6,000 $32,700
2021 $1,092 $38,700 $6,000 $32,700
2020 $0 $38,700 $6,000 $32,700
2019 $798 $38,700 $6,000 $32,700
2018 $505 $38,700 $6,000 $32,700
2017 -- $38,700 $6,000 $32,700
2016 -- $38,700 $6,000 $32,700
2015 -- $38,700 $6,000 $32,700
2014 -- $38,700 $6,000 $32,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC521840

Bright MLS

APN: 20-003.00-036