NOT LISTED FOR SALE

Estimated Value: $374,000 - $475,000

-- Bed
3 Baths
2,900 Sq Ft
$145/Sq Ft Est. Value

Last Sold April 04, 2012

Last sale price $29,500 $10 Per Sq Ft

Est. 1,324% increase in value since last sale

Current estimated payment $2,581/month

38 Days on Market

Highlights

  • 0.08 Acre Lot
  • En-Suite Primary Bedroom
  • 1-minute walk to Tilton Park
  • No HOA

About This Home

As of April 2012

R-7032 - Bank Owned triplex. This property waiting for a new owner. Property will need rehab work. Owner has never lived in property, will make no repairs, being sold as is, all measurements are approx. Unknown how long property has been vacant, contact City of Wilmington to inquire on Multi Use Status. No utilities will be turned on. Owner Occupant Homebuyers and select non-profits have an exclusive opportunity to purchase this home in the first 15 days of listing and prior to competition from investors through a special initiative. This ongoing initiative does not apply ONLY to first time homebuyers, buyer does not to use as primary residence. Investor offers will be considered after 2/21/2012

Last Agent to Sell the Property

A. DANIEL WEST

RE/MAX Horizons License #TREND:60010885 Listed on: 02/07/2012

Last Buyer's Agent

Joseph Hurley

Pantano Real Estate Inc License #RS-0018346

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 25x140

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,900 Sq Ft Home
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Tax Lot 032
  • Assessor Parcel Number 26-027.20-032

Community Details

Overview

  • No Home Owners Association
  • Wilm #26 Subdivision

Building Details

  • Operating Expense $3,282

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Remarks Public: R-7032 - Bank Owned triplex. This property waiting for a new owner. Property will need rehab work. Owner has never lived in property, will make no repairs, being sold as is, all measurements are approx. Unknown how long property has been vacant, contact City of Wilmington to inquire on Multi Use Status. No utilities will be turned on. Owner Occupant Homebuyers and select non-profits have an exclusive opportunity to purchase this home in the first 15 days of listing and prior to competition from investors through a special initiative. This ongoing initiative does not apply ONLY to first time homebuyers, buyer does not to use as primary residence. Investor offers will be considered after 2/21/2012
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2900
  • Living Area Sq Ft: 2900
  • Price Per Sq Ft: 8.59
  • Above Grade Finished Sq Ft: 2900
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1319

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: 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
  • 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: 75200.00
  • Land Assessed Value: 10400.00
  • Lot Size Acres: 0.08
  • Lot Dimensions: 25X140
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3485.00
  • Zoning: 26R-3

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 2403620
  • Tax Annual Amount: 3282.00
  • Assessor Parcel Number: 26-027.20-032
  • Tax Lot: 032
  • Tax Year: 2011
  • Close Date: 04/04/2012

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2012
Closed on
Mar 20, 2012
Sold by
Kirkaldy Laticia and Jpmorgan Chase Bank National A
Bought by
Federal Home Loan Mortgage Corporation
Seller's Agent
A. DANIEL WEST
RE/MAX Horizons
Buyer's Agent
Joseph Hurley
Pantano Real Estate Inc
List Price
$24,900
Sold Price
$29,500
Premium/Discount to List
$4,600
18.47%
Total Days on Market
38
Current Estimated Value
$419,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$390,482
Avg. Annual Appreciation
22.34%

Purchase Details

Listed on
Feb 7, 2012
Closed on
Feb 29, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Subramaniyam Venkataraman
Seller's Agent
A. DANIEL WEST
RE/MAX Horizons
Buyer's Agent
Joseph Hurley
Pantano Real Estate Inc
List Price
$24,900
Sold Price
$29,500
Premium/Discount to List
$4,600
18.47%

Purchase Details

Closed on
Dec 27, 2005
Sold by
Mcculloch/Sigmund Enterprises Llc
Bought by
Kirkaldy Laticia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,500
Interest Rate
6.28%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 21, 2004
Sold by
Mcculloch James and Sigmund Timothy
Bought by
Mcculloch Sigmund Enterprises Llc

Purchase Details

Closed on
Oct 31, 2003
Sold by
Investor Equities Llc
Bought by
Mcculloch James and Sigmund Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,950
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 12, 2002
Sold by
Brennan Thomas and Brennan Kimberly
Bought by
Investor Equities Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
6.48%
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
Federal Home Loan Mortgage Corporation $95,000 None Available
Subramaniyam Venkataraman $29,500 None Available
Kirkaldy Laticia $235,000 None Available
Mcculloch Sigmund Enterprises Llc -- --
Mcculloch James $169,950 --
Investor Equities Llc $146,250 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kirkaldy Laticia $23,500
Previous Owner Kirkaldy Laticia $188,000
Previous Owner Mcculloch James $135,950
Previous Owner Investor Equities Llc $117,000
Closed Mcculloch James $16,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2012 04/04/12 Sold $29,500 +18.5% $10 / Sq Ft
03/16/2012 03/16/12 Pending -- -- --
02/07/2012 02/07/12 For Sale $24,900 -- $9 / 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 $2,671 $85,600 $10,400 $75,200
2023 $2,321 $85,600 $10,400 $75,200
2022 $2,332 $85,600 $10,400 $75,200
2021 $2,328 $85,600 $10,400 $75,200
2020 $2,341 $85,600 $10,400 $75,200
2019 $4,062 $85,600 $10,400 $75,200
2018 $2,331 $85,600 $10,400 $75,200
2017 $2,327 $85,600 $10,400 $75,200
2016 $2,205 $85,600 $10,400 $75,200
2015 $3,627 $85,600 $10,400 $75,200
2014 $3,444 $85,600 $10,400 $75,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003840108

Bright MLS

APN: 26-027.20-032