NOT LISTED FOR SALE

1505 Harvey Rd Wilmington, DE 19810

Estimated Value: $308,311 - $361,000

-- Bed
2 Baths
1,975 Sq Ft
$169/Sq Ft Est. Value

Last Sold April 30, 2018

Last sale price $200,000 $101 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,059/month

51 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Forced Air Heating System
  • No HOA
  • En-Suite Primary Bedroom
  • Hot Water Heating System

About This Home

As of April 2018

Extraordinary opportunity and incredible location! A legal duplex in Ardentown. The first floor apartment has 2 bedrooms, 1 full bath, kitchen, laundry, hardwood floors and enclosed back porch. This unit has direct access to basement. Rent is currently $900 a month with no written lease in place. The second floor apartment has 3 bedrooms, 1 full bath, and an enclosed front porch with separate entrance. Rent is currently $950 per month with written lease in place until 9/30/2018. 2-car detached garage in rear was previously used by owner and contractor. Tenants using one garage each at the present time. Both garages are keyed separately. Land Lease for Ardentown is currently $3,676 annually (March 25, 2018 - March 25, 2019). One new hot water heater (2018). The owner is aware rents are below market value. With renovations of each unit, and rental of garages $1,350 - $1,500 monthly rent is possible. Tenants pay for their own gas and electric. Owner purchased in 2000 and passed away in January 2018. Therefore, property is being sold in "AS-IS" condition with no warranties or guarantees. No seller's disclosure available because settling estate.

Last Agent to Sell the Property

Mary Beth Adelman

RE/MAX Associates-Wilmington License #RS-313507 Listed on: 02/06/2018

RE/MAX Associates-Wilmington

Co-Listed By

Cheryl Gerkens

RE/MAX Associates-Wilmington

Last Buyer's Agent

Deborah Flaherty

Patterson-Schwartz-Brandywine

Patterson-Schwartz-Brandywine

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 125 x 150

Parking

  • 2 Car Detached Garage
  • 3 Open Parking Spaces
  • Driveway

Home Design

  • Duplex
  • Aluminum Siding
  • Stucco

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,975 Sq Ft Home
  • Unfinished Basement
  • Partial Basement
  • Laundry in unit

Flooring

  • Wood
  • Vinyl

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Hot Water Heating System
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 522
  • Assessor Parcel Number 27-001.00-522

Community Details

Overview

  • No Home Owners Association
  • Ardentown Subdivision

Building Details

  • Insurance Expense $935
  • Operating Expense $4,611

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: 2 Window Units In Both Apartments
  • Inclusions: Refrigerator, Stove, Washer, Dryer & Ceiling Fans In Both Units
  • New Construction: No
  • Year Built: 1945
  • Remarks Public: Extraordinary opportunity and incredible location! A legal duplex in Ardentown. The first floor apartment has 2 bedrooms, 1 full bath, kitchen, laundry, hardwood floors and enclosed back porch. This unit has direct access to basement. Rent is currently $900 a month with no written lease in place. The second floor apartment has 3 bedrooms, 1 full bath, and an enclosed front porch with separate entrance. Rent is currently $950 per month with written lease in place until 9/30/2018. 2-car detached garage in rear was previously used by owner and contractor. Tenants using one garage each at the present time. Both garages are keyed separately. Land Lease for Ardentown is currently $3,676 annually (March 25, 2018 - March 25, 2019). One new hot water heater (2018). The owner is aware rents are below market value. With renovations of each unit, and rental of garages $1,350 - $1,500 monthly rent is possible. Tenants pay for their own gas and electric. Owner purchased in 2000 and passed away in January 2018. Therefore, property is being sold in "AS-IS" condition with no warranties or guarantees. No seller's disclosure available because settling estate.
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Vinyl
  • Fireplace: No
  • Entry Location: Private
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Partial, Unfinished
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1975
  • Living Area Sq Ft: 1975
  • Price Per Sq Ft: 116.41
  • Above Grade Finished Sq Ft: 1975
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1505

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding, Stucco
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 3
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Driveway, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: BRANDYWINE
  • School District Key: 300200396892

Lot Info

  • Improvement Assessed Value: 60000.00
  • Lot Size Acres: 0.43
  • Lot Dimensions: 125 X 150
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 18731.00
  • Zoning: CN

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 22200.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2418027
  • Tax Annual Amount: 3676.00
  • Assessor Parcel Number: 27-001.00-522
  • Tax Lot: 522
  • Tax Year: 2018
  • Close Date: 04/30/2018

MLS Schools

  • School District Name: BRANDYWINE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2000
Bought by
Landerl Sandra J Ardentown
Total Days on Market
51
Current Estimated Value
$334,656
Source: Public Records

Range of Values:

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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
Landerl Sandra J Ardentown -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2018 04/30/18 Sold $200,000 -13.0% $101 / Sq Ft
03/29/2018 03/29/18 Pending -- -- --
02/06/2018 02/06/18 For Sale $229,900 -- $116 / 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 $2,250 $60,000 $0 $60,000
2023 $2,051 $60,000 $0 $60,000
2022 $2,082 $60,000 $0 $60,000
2021 $2,089 $60,000 $0 $60,000
2020 $2,092 $60,000 $0 $60,000
2019 $282 $60,000 $0 $60,000
2018 $1,952 $60,000 $0 $60,000
2017 $1,926 $60,000 $0 $60,000
2016 $1,925 $60,000 $0 $60,000
2015 -- $60,000 $0 $60,000
2014 -- $60,000 $0 $60,000
Source: Public Records

Agents Affiliated with this Home

  • Mary Beth Adelman

    Seller's Agent in 2018

    Mary Beth Adelman

    RE/MAX

    (302) 521-6209

    8 in this area

    119 Total Sales

    Mary Beth Adelman
    Section Image
  • Cheryl Gerkens

    Seller Co-Listing Agent in 2018

    Cheryl Gerkens

    RE/MAX

    Section Image
  • Deborah Flaherty

    Buyer's Agent in 2018

    Deborah Flaherty

    Patterson Schwartz

    (302) 563-1151

    3 in this area

    35 Total Sales

    Deborah Flaherty
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000278670

Bright MLS

APN: 27-001.00-522

Delaware New Castle County Wilmington 19810

1505 Harvey Rd, Wilmington, DE

This home is located at 1505 Harvey Rd, Wilmington, DE 19810 since 06 February 2018 and is currently estimated at $334,656, approximately $169 per square foot. This property was built in 1945. 1505 Harvey Rd is a home located in New Castle County with nearby schools including Forwood Elementary School, Talley Middle School, and Mount Pleasant High School.

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