NOT LISTED FOR SALE

Estimated Value: $224,000 - $232,000

-- Bed
2 Baths
1,625 Sq Ft
$140/Sq Ft Est. Value

Last Sold November 03, 2023

Last sale price $215,000 $132 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,388/month

20 Days on Market

Highlights

  • Straight Thru Architecture
  • Forced Air Heating System
  • 3-minute walk to Tilton Park
  • Luxury Vinyl Plank Tile Flooring

About This Home

As of November 2023

High Performing Duplex in Wilmington consisting of 2 recently renovated units that each contain 2 bedrooms and 1 bath. Both properties are currently rented. Newer gas heat and hot water heaters. Updated units with luxury vinyl plank flooring and nice kitchens and baths. The 2nd floor unit has a vaulted ceiling. While the interior of the units are in very good condition, the exterior of the building could use some updating. There is some rot on the front porch ceiling and the rear deck and yard could use some attention, therefore, the property is being sold in AS-IS condition. Add this income producing property to your portfolio or live in one unit and rent the other.
All showings require 48 hour notice.

Last Listed By

Stephen Mervine

RE/MAX Associates-Hockessin License #RS323368 Listed on: 08/15/2023

RE/MAX Associates-Hockessin

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,965

Year Built

  • Built in 1920

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 16.00 x 122.00
  • Property is in average condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Straight Thru Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Stone Foundation

Interior Spaces

  • 1,625 Sq Ft Home
  • Luxury Vinyl Plank Tile Flooring
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 26-027.30-340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,965

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • Exclusions: Tenants personal property.
  • New Construction: No
  • Expected On Market: 2023-08-15
  • Year Built: 1920
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring Type: Luxury Vinyl Plank
  • Fireplace: No
  • Foundation Details: Brick/Mortar, Stone
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1625
  • Living Area Sq Ft: 1625
  • Price Per Sq Ft: 141.48
  • Above Grade Finished Sq Ft: 1625
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1335

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Flat
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

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

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 16.00 x 122.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Property Condition: Average
  • Zoning: 26R3
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Rent Control: No
  • Total Actual Rent: 30000.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1965.00
  • Assessor Parcel Number: 26-027.30-340
  • Tax Year: 2022
  • Close Date: 11/03/2023

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2023
Closed on
Oct 3, 2023
Sold by
Magnet Realty
Bought by
Zarzuela Billy and De Las Nueses
Seller's Agent
Stephen Mervine
RE/MAX Associates-Hockessin
Buyer's Agent
Bob Hamour
Realty Mark Associates-Newark
List Price
$249,900
Sold Price
$215,000
Premium/Discount to List
-$34,900
-13.97%
Total Days on Market
20
Views
50
Current Estimated Value
$228,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,000
Avg. Annual Appreciation
3.84%
Original Mortgage
$161,250
Outstanding Balance
$158,893
Interest Rate
7.31%
Mortgage Type
Construction
Estimated Equity
$69,107

Purchase Details

Closed on
Oct 13, 2004
Sold by
Truitt Shawn
Bought by
Magnet Realty

Purchase Details

Closed on
Feb 5, 2003
Sold by
Jones David F and Jones Paula L
Bought by
Truitt Shawn

Purchase Details

Closed on
Jan 28, 2002
Sold by
J M Kamara Management Co Inc
Bought by
Jones David F and Jones Paula L

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
Zarzuela Billy -- None Listed On Document
Magnet Realty -- --
Truitt Shawn $8,500 --
Jones David F $19,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zarzuela Billy $161,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2023 11/03/23 Sold $215,000 -6.5% $132 / Sq Ft
09/05/2023 09/05/23 Pending -- -- --
09/01/2023 09/01/23 Price Changed $229,900 -8.0% $141 / Sq Ft
08/15/2023 08/15/23 For Sale $249,900 -- $154 / 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 $1,339 $42,900 $8,500 $34,400
2023 $1,163 $42,900 $8,500 $34,400
2022 $1,169 $42,900 $8,500 $34,400
2021 $18,283 $42,900 $8,500 $34,400
2020 $1,644 $42,900 $8,500 $34,400
2019 $2,036 $42,900 $8,500 $34,400
2018 $1,168 $42,900 $8,500 $34,400
2017 $1,166 $42,900 $8,500 $34,400
2016 $7,524 $42,900 $8,500 $34,400
2015 $1,818 $42,900 $8,500 $34,400
2014 $1,726 $42,900 $8,500 $34,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2047700

Bright MLS

APN: 26-027.30-340