NOT LISTED FOR SALE

Estimated Value: $293,000 - $375,000

-- Bed
2 Baths
2,050 Sq Ft
$159/Sq Ft Est. Value

Last Sold April 29, 2021

Last sale price $260,000 $127 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,877/month

Highlights

  • Colonial Architecture
  • Central Air
  • Walk-Up Access
  • No HOA
  • Hot Water Heating System
  • 2-minute walk to Kosciuszko Park

About This Home

As of April 2021

This performing rental duplex is fully occupied and up to date on rents. Located in a highly residential area, the building has a welcoming, "homey-feeling." The building consists of one charming 1BR garden apartment on the ground floor with a fenced backyard and one generously sized 3BR, 2 story apartment on the two upper floors. Lower apartment lease ends 6/2021. Upper apartment lease is month to month lease. Each unit rents for $1.050 P/M. Each apartment enjoys its own dedicated heating, central cooling and hot water systems so tenants pay all of the utilities (except sewer and water) for more consistent ROI. Building is in overall well maintained condition. Recent updates include: Common foyer area renovation, new A/C system for both units, new roof and chimney liner and new clothes dryer. The ground floor apartment was recently renovated including new bath, kitchen, appliances and fresh paint throughout. Located in a highly owner-occupied residential neighborhood within great access to public transportation, downtown business center, Riverfront attractions and amenities, Interstate Highway 95 and within walking distance to St. Elizabeth's school and park. This is also an ideal opportunity for an owner occupant situation. Both apartments have access to a washer and dryer in the basement. Trash collection included in municipal taxes. Showings limited to Tuesdays and Fridays 11 AM - 1 PM to limit intrusion to the tenants. This is a rarely available, performing multi family property in decent condition.

Last Agent to Sell the Property

Yasmin Bowman

(302) 438-8667 yasmin@bowmanrealestatellc.com Berkshire Hathaway HomeServices PenFed Realty License #RA-0020276 Listed on: 02/20/2021

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Yasmin Bowman

(302) 438-8667 yasmin@bowmanrealestatellc.com Berkshire Hathaway HomeServices PenFed Realty License #RA-0020276 Listed on: 02/20/2021

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,490

Year Built

  • Built in 1918 | Remodeled in 2020

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 26.40 x 101.20

Parking

  • On-Street Parking

Home Design

  • 2,050 Sq Ft Home
  • Duplex
  • Colonial Architecture
  • Traditional Architecture
  • Brick Exterior Construction

Basement

  • Partial Basement
  • Walk-Up Access
  • Connecting Stairway
  • Interior and Side Basement Entry

Utilities

  • Central Air
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for sewer, water, real estate taxes, repairs, insurance, common area maintenance
  • Tax Lot 229
  • Assessor Parcel Number 26-033.40-229

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Insurance Expense $1,172
  • Gross Income $25,200
  • Net Operating Income $20,605

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,490

Year Built

Built in 1918 | Remodeled in 2020

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Architectural Style: Colonial, Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2021-02-22
  • Year Built: 1918
  • Year Renovated: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: This performing rental duplex is fully occupied and up to date on rents. Located in a highly residential area, the building has a welcoming, "homey-feeling." The building consists of one charming 1BR garden apartment on the ground floor with a fenced backyard and one generously sized 3BR, 2 story apartment on the two upper floors. Lower apartment lease ends 6/2021. Upper apartment lease is month to month lease. Each unit rents for $1.050 P/M. Each apartment enjoys its own dedicated heating, central cooling and hot water systems so tenants pay all of the utilities (except sewer and water) for more consistent ROI. Building is in overall well maintained condition. Recent updates include: Common foyer area renovation, new A/C system for both units, new roof and chimney liner and new clothes dryer. The ground floor apartment was recently renovated including new bath, kitchen, appliances and fresh paint throughout. Located in a highly owner-occupied residential neighborhood within great access to public transportation, downtown business center, Riverfront attractions and amenities, Interstate Highway 95 and within walking distance to St. Elizabeth's school and park. This is also an ideal opportunity for an owner occupant situation. Both apartments have access to a washer and dryer in the basement. Trash collection included in municipal taxes. Showings limited to Tuesdays and Fridays 11 AM - 1 PM to limit intrusion to the tenants. This is a rarely available, performing multi family property in decent condition.
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Partial, Interior Access, Side Entrance, Walkout Stairs, Connecting Stairway
  • Total Sq Ft: 2050
  • Living Area Sq Ft: 2050
  • Price Per Sq Ft: 129.27
  • Above Grade Finished Sq Ft: 2050
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1401

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: CHRISTINA
  • School District Key: 300200396890
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 41200.00
  • Land Assessed Value: 6500.00
  • Lot Size Acres: 0.06
  • Lot Dimensions: 26.40 x 101.20
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2614.00
  • Year Assessed: 2020
  • Zoning: 26R-3
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Number Of Units Month To Month: 1
  • Owner Pays: Sewer, Water, Taxes - Real Estate, Repairs, Insurance, Common Area Maintenance
  • Total Actual Rent: 25200.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2408696
  • School Tax: 1483.00
  • Tax Annual Amount: 2490.00
  • Assessor Parcel Number: 26-033.40-229
  • Tax Lot: 229
  • Tax Total Finished Sq Ft: 2050
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 04/29/2021

Multi Family

  • Gross Income: 25000.00
  • Gross Scheduled Income: 25200.00
  • Other Units: Unit 1,Unit 2
  • Single Room Units Count: 1

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2021
Closed on
Apr 16, 2021
Sold by
Lee Leeah G
Bought by
Younger Durand Naheim
Seller's Agent
Yasmin Bowman
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Yasmin Bowman
Berkshire Hathaway HomeServices PenFed Realty
List Price
$265,000
Sold Price
$260,000
Premium/Discount to List
-$5,000
-1.89%
Current Estimated Value
$326,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,273
Avg. Annual Appreciation
3.37%
Original Mortgage
$10,015
Interest Rate
3.1%
Mortgage Type
Stand Alone Second

Purchase Details

Listed on
Sep 20, 2019
Closed on
Dec 13, 2019
Sold by
Frank S Brother Llc
Bought by
Lee Leeah G
Seller's Agent
Joseph Pence
BHHS Fox & Roach - Hockessin
Buyer's Agent
Yasmin Bowman
Berkshire Hathaway HomeServices PenFed Realty
List Price
$160,000
Sold Price
$145,000
Premium/Discount to List
-$15,000
-9.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.12%
Original Mortgage
$116,000
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Mar 1, 2016
Closed on
May 31, 2016
Sold by
Lynch Investment Llc
Bought by
Frank S Brother Llc
Seller's Agent
Donald Odom
EMORY HILL REAL ESTATE SERVICES INC.
Buyer's Agent
Donald Odom
EMORY HILL REAL ESTATE SERVICES INC.
List Price
$155,789
Sold Price
$140,000
Premium/Discount to List
-$15,789
-10.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.99%

Purchase Details

Closed on
Apr 21, 2006
Sold by
Lynch Frank Edmund and Lynch Aline D
Bought by
Lynch Investment Llc

Purchase Details

Closed on
Sep 30, 2005
Sold by
Lynch Investment Llc
Bought by
Lynch Frank Edmund and Lynch Aline D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,700
Interest Rate
6.06%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 27, 2004
Sold by
Mitten Margaret E
Bought by
Lynch Investment Llc

Purchase Details

Closed on
Nov 6, 2003
Sold by
Lloyd Barbara A
Bought by
Mitten Margaret E
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
Younger Durand Naheim -- None Available
Lee Leeah G -- None Available
Frank S Brother Llc -- None Available
Lynch Investment Llc -- None Available
Lynch Frank Edmund -- --
Lynch Investment Llc $215,000 --
Mitten Margaret E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Younger Durand Naheim $250,381
Previous Owner Lee Leeah G $116,000
Previous Owner Lynch Frank Edmund $168,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2021 04/29/21 Sold $260,000 -1.9% $127 / Sq Ft
02/27/2021 02/27/21 Pending -- -- --
02/20/2021 02/20/21 For Sale $265,000 +82.8% $129 / Sq Ft
12/23/2019 12/23/19 Sold $145,000 -9.4% $71 / Sq Ft
10/22/2019 10/22/19 Pending -- -- --
09/20/2019 09/20/19 For Sale $160,000 +14.3% $78 / Sq Ft
05/30/2016 05/30/16 Sold $140,000 -10.1% $68 / Sq Ft
04/25/2016 04/25/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $155,789 -- $76 / 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 $1,758 $47,700 $6,500 $41,200
2023 $1,714 $47,700 $6,500 $41,200
2022 $1,697 $47,700 $6,500 $41,200
2021 $1,653 $47,700 $6,500 $41,200
2020 $1,605 $47,700 $6,500 $41,200
2019 $2,348 $47,700 $6,500 $41,200
2018 $646 $47,700 $6,500 $41,200
2017 $2,212 $47,700 $6,500 $41,200
2016 $2,212 $47,700 $6,500 $41,200
2015 $2,072 $47,700 $6,500 $41,200
2014 $2,071 $47,700 $6,500 $41,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC521304

Bright MLS

APN: 26-033.40-229