NOT LISTED FOR SALE

Estimated Value: $105,000 - $176,000

1 Bed
1 Bath
-- Sq Ft
$344/mo HOA Fee

Last Sold June 14, 2019

Last sale price $65,000

Est. 122% increase in value since last sale

Current estimated payment $1,303/month

Highlights

  • Colonial Architecture
  • Forced Air Heating and Cooling System
  • Historic Home
  • Fireplace

About This Home

As of June 2019

Unique opportunity in Trolley Square to own a piece of Wilmington history! A stunning building that has been placed on the National Register of Historic Places, this income generating rental unit is a no-brainer for the savvy investor. Situated on a grassy knoll and surrounded by mature landscaping, your first impression is enhanced by the shared front porch and charming architecture. From the moment you enter the foyer, you will delight in the polished dark wood accents, reminiscent of grand 18th century style. This 1 bedroom, 1 bathroom unit is located on the second floor and features tons of windows throughout, especially in the kitchen! The hardwood floors and neutral paint colors will please any future tenant, as will the large size of the living room and bedroom. The bedroom has plenty of closet space for clothes and extra storage. This unit is currently producing a rental income and can be a great investment for anyone looking to enter the rental market or as a personal residence. Conveniently located in walking distance to all the restaurants and shopping Trolley Square has to offer and close to all major routes, this opportunity will not last long! Book your tour today!

Last Agent to Sell the Property

Jeff Stape

(302) 202-9855 jeff.stape@compass.com Compass License #RB0001709 Listed on: 03/08/2019

Compass

Last Buyer's Agent

Michael Kelczewski

(302) 383-1983 mkelczewski@bfpsir.com Monument Sotheby's International Realty License #ABR005034

Monument Sotheby's International Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1905

HOA Fees

  • $344 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • Fireplace
  • Unfinished Basement

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • 100 Amp Service
  • Electric Water Heater
  • Municipal Trash

Additional Features

  • Doors are 32 inches wide or more
  • Historic Home

Community Details

  • Association fees include common area maintenance, exterior building maintenance, lawn maintenance, sewer, snow removal, trash, water
  • Low-Rise Condominium
  • Wilmington Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2602040047C0004

Property Details

Home Type

Condominium

Year Built

Built in 1905

Lot Details

0

HOA Fees

$344 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Colonial
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Condominium
  • Historic: Yes
  • Home Warranty: No
  • Inclusions: range , refrig,washer and dryer
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1905
  • Remarks Public: Unique opportunity in Trolley Square to own a piece of Wilmington history! A stunning building that has been placed on the National Register of Historic Places, this income generating rental unit is a no-brainer for the savvy investor. Situated on a grassy knoll and surrounded by mature landscaping, your first impression is enhanced by the shared front porch and charming architecture. From the moment you enter the foyer, you will delight in the polished dark wood accents, reminiscent of grand 18th century style. This 1 bedroom, 1 bathroom unit is located on the second floor and features tons of windows throughout, especially in the kitchen! The hardwood floors and neutral paint colors will please any future tenant, as will the large size of the living room and bedroom. The bedroom has plenty of closet space for clothes and extra storage. This unit is currently producing a rental income and can be a great investment for anyone looking to enter the rental market or as a personal residence. Conveniently located in walking distance to all the restaurants and shopping Trolley Square has to offer and close to all major routes, this opportunity will not last long! Book your tour today!
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Fireplace: Yes
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Unfinished
  • Living Area Units: Square Feet
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1301

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

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
  • Open Parking Spaces Count: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 344.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Sewer, Snow Removal, Trash, Water
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District: RED CLAY CONSOLIDATED
  • School District Key: 300200396545
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Land Lease: No
  • Lot Size Units: Square Feet
  • Year Assessed: 2018
  • Zoning: RES
  • In City Limits: Yes

Rental Info

  • Total Actual Rent: 11400.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2398622
  • Tax Annual Amount: 3525.00
  • Assessor Parcel Number: 2602040047C0004
  • Tax Year: 2018
  • Close Date: 06/14/2019

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2019
Closed on
Jun 13, 2019
Sold by
Count A Series Of East West Bloom Llc
Bought by
Mitchell Mary Ellen
Seller's Agent
Jeff Stape
Compass
Buyer's Agent
Michael Kelczewski
Monument Sotheby's International Realty
List Price
$65,000
Sold Price
$65,000
Current Estimated Value
$144,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,148
Avg. Annual Appreciation
14.30%

Purchase Details

Listed on
Oct 10, 2013
Closed on
May 23, 2014
Sold by
Bloom Seth
Bought by
Court A Series Of East West Bloom Llc
Seller's Agent
Paul Pantano
Pantano Real Estate Inc
Buyer's Agent
Jeff Stape
Compass
List Price
$109,900
Sold Price
$39,860
Premium/Discount to List
-$70,040
-63.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.98%

Purchase Details

Listed on
Oct 10, 2013
Closed on
Apr 22, 2014
Sold by
Fannie Mae
Bought by
Bloom Seth
Seller's Agent
Paul Pantano
Pantano Real Estate Inc
Buyer's Agent
Jeff Stape
Compass
List Price
$109,900
Sold Price
$39,860
Premium/Discount to List
-$70,040
-63.73%

Purchase Details

Closed on
Jul 8, 2013
Sold by
Vulanovic Ivan
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 26, 2007
Sold by
Nagowski Gerald M
Bought by
Vulanovic Ivan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,575
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 30, 2001
Sold by
Berry Michael C
Bought by
Nagowski Gerald M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,850
Interest Rate
6.96%
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
Mitchell Mary Ellen -- None Available
Court A Series Of East West Bloom Llc -- None Available
Bloom Seth $39,860 None Available
Federal National Mortgage Association -- None Available
Vulanovic Ivan $139,500 None Available
Nagowski Gerald M $63,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vulanovic Ivan $118,575
Previous Owner Nagowski Gerald M $59,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2019 06/14/19 Sold $65,000 0.0% --
04/14/2019 04/14/19 Pending -- -- --
03/08/2019 03/08/19 For Sale $65,000 +63.1% --
04/24/2014 04/24/14 Sold $39,860 +0.9% --
04/04/2014 04/04/14 Pending -- -- --
03/17/2014 03/17/14 Price Changed $39,500 -31.3% --
02/20/2014 02/20/14 Price Changed $57,500 -17.9% --
12/31/2013 12/31/13 Price Changed $70,000 -17.6% --
11/22/2013 11/22/13 Price Changed $85,000 -10.5% --
11/15/2013 11/15/13 Price Changed $95,000 -13.6% --
10/10/2013 10/10/13 For Sale $109,900 -- --
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 $2,381 $76,300 $11,400 $64,900
2023 $2,069 $76,300 $11,400 $64,900
2022 $2,079 $76,300 $11,400 $64,900
2021 $2,075 $76,300 $11,400 $64,900
2020 $2,087 $76,300 $11,400 $64,900
2019 $1,522 $76,300 $11,400 $64,900
2018 $964 $76,300 $11,400 $64,900
2017 $3,381 $76,300 $11,400 $64,900
2016 $3,381 $76,300 $11,400 $64,900
2015 $3,233 $76,300 $11,400 $64,900
2014 $3,069 $76,300 $11,400 $64,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC417526

Bright MLS

APN: 26-020.40-047.C-0004