NOT LISTED FOR SALE

1406 W 4th St Wilmington, DE 19805

Estimated Value: $70,925 - $205,000

-- Bed
1 Bath
-- Sq Ft
1,307 Sq Ft Lot

Last Sold February 22, 2019

Last sale price $40,000

Est. 267% increase in value since last sale

Current estimated payment $852/month

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • 1-minute walk to 4th & Rodney Streets Tot Lot
  • Dupont (H.B.) Middle School Rated A
  • Heating System Uses Oil

About This Home

As of February 2019

This multifamily property is now available for purchase. Both one bedroom units are tenant occupied and offers a great opportunity to earn a strong cash flow. All showing requests must be given 48 hour notice ahead of time in order to properly notify the tenants. Call to schedule your private tour today.

Last Agent to Sell the Property

Peter Meyer

(302) 218-2790 peter@meyerrealty.net Meyer & Meyer Realty License #RB-0003304 Listed on: 11/01/2018

Last Buyer's Agent

John Salerno

(302) 994-9600 jsalerno@meyerrealty.net Meyer & Meyer Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 17x80

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Utilities

  • Heating System Uses Oil
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 316
  • Assessor Parcel Number 26-027.30-316

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $1,287

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Remarks Public: This multifamily property is now available for purchase. Both one bedroom units are tenant occupied and offers a great opportunity to earn a strong cash flow. All showing requests must be given 48 hour notice ahead of time in order to properly notify the tenants. Call to schedule your private tour today.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1406

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
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating: Yes
  • Hot Water: Natural Gas
  • 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: 25900.00
  • Land Assessed Value: 2100.00
  • Lot Size Acres: 0.03
  • Lot Dimensions: 17X80
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • Zoning: 26R-3
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2404068
  • Tax Annual Amount: 1287.00
  • Assessor Parcel Number: 26-027.30-316
  • Tax Lot: 316
  • Tax Data Updated: No
  • Tax Year: 2017
  • Close Date: 02/22/2019

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2018
Closed on
Feb 22, 2019
Sold by
Mercadante Jennifer J
Bought by
Sme Management Llc
Seller's Agent
Peter Meyer
Meyer & Meyer Realty
Buyer's Agent
John Salerno
Meyer & Meyer Realty
List Price
$59,900
Sold Price
$40,000
Premium/Discount to List
-$19,900
-33.22%
Current Estimated Value
$146,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,975
Avg. Annual Appreciation
21.83%

Purchase Details

Closed on
Dec 30, 2010
Sold by
Ini Abraham and Younger Avital N
Bought by
Zuzu Enterprises L L C

Purchase Details

Closed on
Dec 28, 2010
Sold by
Zuzu Enterprises L L C
Bought by
The Tatnall Group L L C
Source: Public Records

Range of Values:

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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
Sme Management Llc -- None Available
Zuzu Enterprises L L C -- None Available
The Tatnall Group L L C -- None Available
Ini Abraham -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2019 02/22/19 Sold $40,000 -33.2% --
01/24/2019 01/24/19 Pending -- -- --
11/13/2018 11/13/18 For Sale $59,900 0.0% --
11/08/2018 11/08/18 Pending -- -- --
11/01/2018 11/01/18 For Sale $59,900 -- --
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 $874 $28,000 $2,100 $25,900
2023 $759 $28,000 $2,100 $25,900
2022 $763 $28,000 $2,100 $25,900
2021 $762 $28,000 $2,100 $25,900
2020 $766 $28,000 $2,100 $25,900
2019 $1,329 $28,000 $2,100 $25,900
2018 $1,063 $28,000 $2,100 $25,900
2017 $1,241 $28,000 $2,100 $25,900
2016 $1,241 $28,000 $2,100 $25,900
2015 $1,187 $28,000 $2,100 $25,900
2014 $1,126 $28,000 $2,100 $25,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC100660

Bright MLS

APN: 26-027.30-316