$178,000
SOLD MAY 18, 2018
-- Bed
-- Bath
2,850 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$62 Per Sq Ft

8% Above List Price

14 Days on Market

Highlights

  • 0.12 Acre Lot
  • En-Suite Primary Bedroom
  • Hot Water Heating System
  • No HOA
  • Central Air
  • 2-minute walk to Tilton Park

About This Home

As of March 2022

Nice multi-unit building in good shape and lovingly maintained by the current owners. Very good tenants in place and very low expenses. All 3 boilers and water heaters are updated and have service contracts on all. This is a good investment property with a great cap rate. Do not miss out on a very good investment property in a popular part of Wilmington.

Last Agent to Sell the Property

Andrew White

Compass License #RS-325050 Listed on: 04/05/2018

Compass

Co-Listed By

Anthony White

Compass License #RS330544

Last Buyer's Agent

TONI VANDEGRIFT

EXP Realty, LLC License #RS0018068

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40x128
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,850 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Utilities

  • Central Air
  • Heating System Uses Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 263
  • Assessor Parcel Number 26-027.30-263

Community Details

Overview

  • No Home Owners Association
  • Wilm #15 Subdivision

Building Details

  • Operating Expense $4,247

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Exclusions: See Inclusions/Exclusions
  • Inclusions: See Inclusions/Exclusions
  • New Construction: No
  • Year Built: 1920
  • Remarks Public: Nice multi-unit building in good shape and lovingly maintained by the current owners. Very good tenants in place and very low expenses. All 3 boilers and water heaters are updated and have service contracts on all. This is a good investment property with a great cap rate. Do not miss out on a very good investment property in a popular part of Wilmington.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 2850
  • Living Area Sq Ft: 2850
  • Price Per Sq Ft: 57.89
  • Above Grade Finished Sq Ft: 2850
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1402

Exterior Features

  • Other Structures: Above 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
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1535.00
  • 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: 53700.00
  • Land Assessed Value: 5300.00
  • Lot Size Acres: 0.12
  • Lot Dimensions: 40X128
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5227.00
  • Property Condition: Good
  • Zoning: 26R-3

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 24900.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 2404016
  • Tax Annual Amount: 2712.00
  • Assessor Parcel Number: 26-027.30-263
  • Tax Lot: 263
  • Tax Year: 2017
  • Close Date: 05/18/2018

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2022
Sold by
Geoffrey Mccloskey
Bought by
Broom Street Mgt Llc
Total Days on Market
14
Current Estimated Value
$382,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 25, 2022
Closed on
Mar 25, 2022
Sold by
Curl Robert E
Bought by
Mccloskey Geoffrey and Mccloskey Dana
Seller's Agent
TONI VANDEGRIFT
EXP Realty, LLC
Buyer's Agent
Andrew White
Compass
List Price
$275,000
Sold Price
$306,000
Premium/Discount to List
$31,000
11.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.00%
Original Mortgage
$247,000
Interest Rate
3.63%
Mortgage Type
Construction

Purchase Details

Listed on
Apr 5, 2018
Closed on
May 18, 2018
Sold by
Cuocolo David A and Kipp James F
Bought by
Curl Robert E and Musumeci Denise M
Seller's Agent
Andrew White
Compass
Buyer's Agent
TONI VANDEGRIFT
EXP Realty, LLC
List Price
$165,000
Sold Price
$178,000
Premium/Discount to List
$13,000
7.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.11%
Original Mortgage
$133,456
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2006
Sold by
Andress Robert F
Bought by
Cuocolo David A and Kipp James F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,875
Interest Rate
6.17%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 1, 2001
Sold by
Franta Richard E
Bought by
Andress Robert F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.91%
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 Type Sale Price Title Company
Deed -- Global Title
Deed -- None Listed On Document
Deed -- None Available
Deed $242,500 None Available
Deed $12,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $228,000 New Conventional
Previous Owner $247,000 Construction
Previous Owner $133,456 New Conventional
Previous Owner $180,000 New Conventional
Previous Owner $181,875 Fannie Mae Freddie Mac
Previous Owner $40,000 Unknown
Previous Owner $25,000 Unknown
Previous Owner $108,000 No Value Available
Closed $12,150 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2022 03/25/22 Sold $306,000 +11.3% $107 / Sq Ft
03/03/2022 03/03/22 Pending -- -- --
02/25/2022 02/25/22 For Sale $275,000 +54.5% $96 / Sq Ft
05/18/2018 05/18/18 Sold $178,000 +7.9% $62 / Sq Ft
04/19/2018 04/19/18 Pending -- -- --
04/05/2018 04/05/18 For Sale $165,000 -- $58 / 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 $1,841 $59,000 $5,300 $53,700
2023 $1,600 $59,000 $5,300 $53,700
2022 $1,607 $59,000 $5,300 $53,700
2021 $1,605 $59,000 $5,300 $53,700
2020 $1,614 $59,000 $5,300 $53,700
2019 $2,800 $59,000 $5,300 $53,700
2018 $1,257 $59,000 $5,300 $53,700
2017 $1,094 $59,000 $5,300 $53,700
2016 $1,094 $59,000 $5,300 $53,700
2015 $1,094 $59,000 $5,300 $53,700
2014 $2,374 $59,000 $5,300 $53,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000346626

Bright MLS

APN: 26-027.30-263