NOT LISTED FOR SALE

1313 N Scott St Wilmington, DE 19806

Highlands Neighborhood
-- Bed
4 Baths
-- Sq Ft
1,307 Sq Ft Lot

Last Sold July 29, 2016

Last sale price $335,000

38 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Oil
  • 1 Car Attached Garage

About This Home

As of July 2016

Rare Opportunity to own a commercial corner property in Trolley Square. Most owners don't sell-they just sit back and collect the rents from Wilmington's most popular area. 1313 N Scott Street is a commercially zoned property consisting of 5 monthly rentals. Parcel 2602010054 = 1 Ground Floor Commercial space; 1 1-bedroom apartment; 1 2-bedroom apartment. Parcel 2602010052 - 1 Efficiency apartment; 1 garage. The Commercial space is home to one of Wilmington's most successful artisans and 3 of the other rentals are long term tenants. The large 2 BR apartment on the top floor is currently vacant to accommodate the next owner's commercial/residential needs. A little renovation could increase all the apartment rental incomes significantly. This is truly a unique offering for someone looking to get into Trolley Square and have both a business/residential presence within walking distance to everything.

Last Agent to Sell the Property

Mike Porro

(302) 383-6520 mporro1301@gmail.com Long & Foster Real Estate, Inc. License #R1-0001780 Listed on: 05/15/2016

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Catherine Ortner

(302) 540-1425 cathy.ortner@compass.com Compass License #RS217384L

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,420

Year Built

  • Built in 1906

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 19x80
  • Property is in good condition

Parking

  • 1 Car Attached Garage
  • 5 Open Parking Spaces
  • Driveway
  • On-Street Parking

Home Design

  • Quadruplex
  • Stucco

Unfinished Basement

  • Partial Basement

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Air
  • Heating System Uses Oil
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 054
  • Assessor Parcel Number 26-020.10-054

Community Details

Overview

  • No Home Owners Association
  • Trolley Square Subdivision

Building Details

  • Insurance Expense $1,479
  • Maintenance Expense $1,285
  • Other Expense $1,000
  • Operating Expense $9,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,420

Year Built

Built in 1906

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Ownership: Fee Simple
  • Inclusions: All Existing Appliances. Transfer Of All Security Deposits.
  • New Construction: No
  • Other Expense: 1000.00
  • Year Built: 1906
  • Special Features: None

Interior Features

  • Interior Amenities: Store/Office
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Partial, Unfinished

Exterior Features

  • Construction Materials: Stucco
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Open Parking Spaces Count: 5
  • Parking Features: Street
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: On Street, Driveway, Attached Garage

Utilities

  • Annual Heating Expense: 1995.00
  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Wall Unit
  • Cooling: Yes
  • Heating Fuel: Oil, Electric
  • Heating Type: Oil, Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1161.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 41900.00
  • Land Assessed Value: 10500.00
  • Lot Size Acres: 0.03
  • Lot Dimensions: 19X80
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: 26C-1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 34680.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

  • Assessor Parcel Number: 2397466
  • Tax Annual Amount: 2420.00
  • Assessor Parcel Number: 26-020.10-054
  • Tax Lot: 054
  • Tax Year: 2015

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2016
Closed on
Jul 29, 2016
Sold by
Argyle Enterprises Llc
Bought by
Rock Manor Associates Llc
Seller's Agent
Mike Porro
Long & Foster Real Estate, Inc.
Buyer's Agent
Catherine Ortner
Compass
List Price
$397,500
Sold Price
$335,000
Premium/Discount to List
-$62,500
-15.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Outstanding Balance
$213,833
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 20, 1988
Bought by
Argyle Associates
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
Rock Manor Associates Llc -- Attorney
Argyle Associates -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rock Manor Associates Llc $268,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2016 07/29/16 Sold $335,000 -15.7% --
06/22/2016 06/22/16 Pending -- -- --
05/15/2016 05/15/16 For Sale $397,500 -- --
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 $337 $10,800 $8,700 $2,100
2023 $294 $10,800 $8,700 $2,100
2022 $294 $10,800 $8,700 $2,100
2021 $294 $10,800 $8,700 $2,100
2020 $0 $10,800 $8,700 $2,100
2019 $215 $10,800 $8,700 $2,100
2018 $294 $10,800 $8,700 $2,100
2017 $294 $10,800 $8,700 $2,100
2016 $278 $10,800 $8,700 $2,100
2015 $458 $10,800 $8,700 $2,100
2014 $434 $10,800 $8,700 $2,100
Source: Public Records

Agents Affiliated with this Home

  • Mike Porro

    Seller's Agent in 2016

    Mike Porro

    Long & Foster

    (302) 383-6520

    2 in this area

    55 Total Sales

    Mike Porro
    Section Image
  • Catherine Ortner

    Buyer's Agent in 2016

    Catherine Ortner

    Compass

    (302) 540-1425

    3 in this area

    136 Total Sales

    Catherine Ortner
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003950997

Bright MLS

APN: 26-020.10-052

Delaware New Castle County Wilmington 19806 Highlands

1313 N Scott St, Wilmington, DE

Not Listed for Sale

MultiFamily

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