NOT LISTED FOR SALE

1508 W 3rd St Wilmington, DE 19805

Estimated Value: $271,183 - $320,000

5 Beds
3 Baths
2,875 Sq Ft
$99/Sq Ft Est. Value

Last Sold February 14, 2014

Last sale price $44,000 $15 Per Sq Ft

Est. 545% increase in value since last sale

Current estimated payment $1,595/month

Highlights

  • No HOA
  • Eat-In Kitchen
  • En-Suite Primary Bedroom
  • Dupont (H.B.) Middle School Rated A
  • Living Room
  • 1-minute walk to 4th & Rodney Streets Tot Lot

About This Home

As of February 2014

Attention all investors looking for a turnkey rental with tremendous cash flow. This huge home was completely gutted and rebuilt in 2005. Renovations included new roof, windows, electric, plumbing, drywall, HVAC and all interior surfaces. Tenant has been there for years, is current on the rent and wants to stay indefinitely. Current rent is $1,100/month.

Last Agent to Sell the Property

KC DiAmbrosio

(302) 388-9802 kdiambrosio@gmail.com Patterson-Schwartz-Hockessin Listed on: 12/23/2013

Patterson-Schwartz-Hockessin

Last Buyer's Agent

David O'Donnell

(302) 598-0189 djodonnell@comcast.net EXP Realty, LLC License #RS-0018424

EXP Realty, LLC

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1900

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 19x98
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,875 Sq Ft Home
  • Property has 2 Levels
  • Family Room
  • Living Room
  • Dining Room
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • 3 Full Bathrooms

Basement

  • Partial Basement
  • Laundry in Basement

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 058
  • Assessor Parcel Number 26-034.10-058

Townhouse Details

Home Type

Townhome

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: Attention all investors looking for a turnkey rental with tremendous cash flow. This huge home was completely gutted and rebuilt in 2005. Renovations included new roof, windows, electric, plumbing, drywall, HVAC and all interior surfaces. Tenant has been there for years, is current on the rent and wants to stay indefinitely. Current rent is $1,100/month.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Kitchen - Eat-In
  • Fireplace: No
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1
  • Basement: Yes
  • Basement Type: Partial
  • Laundry Type: Basement
  • Total Sq Ft: 2875
  • Living Area Sq Ft: 2875
  • Net Sq Ft: 2875.00
  • Price Per Sq Ft: 15.30
  • Above Grade Finished Sq Ft: 2875
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1508

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • 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: No
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water
  • 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: 31700.00
  • Land Assessed Value: 3300.00
  • Lot Size Acres: 0.07
  • Lot Dimensions: 19X98
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3049.00
  • Property Condition: Good
  • Zoning: 26R-3

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2408795
  • Tax Annual Amount: 1366.00
  • Assessor Parcel Number: 26-034.10-058
  • Tax Lot: 058
  • Tax Year: 2013
  • Close Date: 02/14/2014

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2024
Sold by
Right Now Realty Llc
Bought by
Gm Capital Investments Inc
Current Estimated Value
$283,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Outstanding Balance
$229,639
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$54,157

Purchase Details

Closed on
Jul 7, 2022
Sold by
Garosi Christopher D
Bought by
Right Now Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,370
Interest Rate
5.09%
Mortgage Type
Construction

Purchase Details

Listed on
Dec 23, 2013
Closed on
Mar 7, 2014
Sold by
Peloton Properties Llc
Bought by
Garosi Christopher D and Rockefeller Michael D
Seller's Agent
KC DiAmbrosio
Patterson-Schwartz-Hockessin
Buyer's Agent
David O'Donnell
EXP Realty, LLC
List Price
$44,000
Sold Price
$44,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.40%
Original Mortgage
$31,500
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2013
Sold by
Bradley Foundation Inc
Bought by
Peloton Properties Llc

Purchase Details

Closed on
May 23, 2012
Sold by
Hsbc Bank Usa National Association
Bought by
Bradley Foundation Inc

Purchase Details

Closed on
Jan 18, 2012
Sold by
Buck Malcom Andre and Buck Kate R
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Jan 25, 2006
Sold by
Buck Malcom Andre
Bought by
Buck Malcom Andre and Buck Kate R

Purchase Details

Closed on
Dec 6, 2002
Sold by
Rodriguez Roberto
Bought by
Covelli Reyes Kathleen
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
Gm Capital Investments Inc -- None Listed On Document
Right Now Realty Llc -- Law Office Of Joseph Meyer Llc
Garosi Christopher D -- None Available
Peloton Properties Llc $20,000 None Available
Bradley Foundation Inc $35,000 None Available
Hsbc Bank Usa National Association $42,500 None Available
Buck Malcom Andre -- None Available
Covelli Reyes Kathleen $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gm Capital Investments Inc $232,000
Previous Owner Right Now Realty Llc $165,370
Previous Owner Garosi Christopher D $31,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2014 02/14/14 Sold $44,000 0.0% $15 / Sq Ft
01/17/2014 01/17/14 Pending -- -- --
12/23/2013 12/23/13 For Sale $44,000 -- $15 / 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 $1,092 $35,000 $3,300 $31,700
2023 $949 $35,000 $3,300 $31,700
2022 $954 $35,000 $3,300 $31,700
2021 $952 $35,000 $3,300 $31,700
2020 $957 $35,000 $3,300 $31,700
2019 $1,661 $35,000 $3,300 $31,700
2018 $313 $35,000 $3,300 $31,700
2017 $1,551 $35,000 $3,300 $31,700
2016 $1,551 $35,000 $3,300 $31,700
2015 $1,483 $35,000 $3,300 $31,700
2014 $1,408 $35,000 $3,300 $31,700
Source: Public Records

Agents Affiliated with this Home

  • KC DiAmbrosio

    Seller's Agent in 2014

    KC DiAmbrosio

    Patterson Schwartz

    (302) 388-9802

    189 Total Sales

    KC DiAmbrosio
    Section Image
  • David O'Donnell

    Buyer's Agent in 2014

    David O'Donnell

    EXP Realty, LLC

    (302) 598-0189

    61 Total Sales

    David O'Donnell
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003679502

Bright MLS

APN: 26-034.10-058

Delaware New Castle County Wilmington 19805

1508 W 3rd St, Wilmington, DE

This home is located at 1508 W 3rd St, Wilmington, DE 19805 since 23 December 2013 and is currently estimated at $283,796, approximately $98 per square foot. This property was built in 1900. 1508 W 3rd St is a home located in New Castle County with nearby schools including Warner Elementary School, Dupont (H.B.) Middle School, and Alexis I. du Pont High School.

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