NOT LISTED FOR SALE

1508 W 7th St Wilmington, DE 19805

Estimated Value: $447,000 - $653,000

-- Bed
4 Baths
4,700 Sq Ft
$110/Sq Ft Est. Value

Last Sold January 25, 2019

Last sale price $300,000 $64 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $3,206/month

Highlights

  • No HOA
  • Tile or Brick Flooring
  • 90% Forced Air Heating and Cooling System
  • 4 Car Detached Garage
  • En-Suite Primary Bedroom
  • 3-minute walk to 4th & Rodney Streets Tot Lot

About This Home

As of January 2019

WONDERFUL OPPORTUNITY! This stately free-standing building now has a variance to be (3) 2 Bedroom apartments with a total of 13 parking spaces including off-street and garages. Currently, each floor has a separate entrance, is individually metered for electric, heat and air. The interior needs some renovations to improve the 1st floor 1650 sf, 2nd floor 1670 sf and 1408 sf on the 3rd floor. An addition was added to the back in 1985 which gives you outstanding views of the skyline. There is an existing fire escape access from the 2nd floor from the ground. Great investment opportunity to line in one and rent the others. Preliminary floor plans are included to give buyers an idea of the potential. Call today for a tour!

Last Agent to Sell the Property

Stephen Mottola

(302) 437-6600 stephen@mottolagroup.com Compass License #R3-0010595 Listed on: 11/27/2018

Compass

Co-Listed By

Bonnie Sherr

(302) 547-4738 bonnie.sherr@lnf.com Long & Foster Real Estate, Inc.

Last Buyer's Agent

Michelle Marini

(302) 494-8261 mmarini13@yahoo.com RE/MAX Elite

RE/MAX Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,852

Year Built

  • Built in 1899

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x128

Parking

  • 4 Car Detached Garage
  • 8 Open Parking Spaces
  • Front Facing Garage

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 4,700 Sq Ft Home
  • Partial Basement
  • Laundry in unit

Flooring

  • Wall to Wall Carpet
  • Tile or Brick

Utilities

  • 90% Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 312
  • Assessor Parcel Number 26-027.10-312

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Cool Spring Subdivision

Building Details

  • Income includes parking
  • Operating Expense $3,852

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,852

Year Built

Built in 1899

Lot Details

0

Parking

4

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Washer
  • Inclusions: All Appliances "As Is"
  • New Construction: No
  • Year Built: 1899
  • Remarks Public: WONDERFUL OPPORTUNITY! This stately free-standing building now has a variance to be (3) 2 Bedroom apartments with a total of 13 parking spaces including off-street and garages. Currently, each floor has a separate entrance, is individually metered for electric, heat and air. The interior needs some renovations to improve the 1st floor 1650 sf, 2nd floor 1670 sf and 1408 sf on the 3rd floor. An addition was added to the back in 1985 which gives you outstanding views of the skyline. There is an existing fire escape access from the 2nd floor from the ground. Great investment opportunity to line in one and rent the others. Preliminary floor plans are included to give buyers an idea of the potential. Call today for a tour!
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted, Tile/Brick
  • Fireplace: No
  • Entry Location: Private
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Partial
  • Laundry Type: Dryer In Unit
  • Total Sq Ft: 4700
  • Living Area Sq Ft: 4700
  • Price Per Sq Ft: 65.96
  • Above Grade Finished Sq Ft: 4700
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1508

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Open Parking Spaces Count: 8
  • Garage Features: Garage - Front Entry
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 12
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: 90% 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: RED CLAY CONSOLIDATED
  • School District Key: 300200396545

Lot Info

  • Improvement Assessed Value: 155400.00
  • Land Assessed Value: 26100.00
  • Lot Size Acres: 0.15
  • Lot Dimensions: 50X128
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6534.00
  • Zoning: 26R-3
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2403503
  • Tax Annual Amount: 3852.00
  • Assessor Parcel Number: 26-027.10-312
  • Tax Lot: 312
  • Tax Data Updated: No
  • Tax Year: 2017
  • Close Date: 01/25/2019

Multi Family

  • Income Includes: Parking
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2018
Closed on
Jan 25, 2019
Sold by
Kd Real Estate Llc
Bought by
Betts Keith
Seller's Agent
Stephen Mottola
Compass
Buyer's Agent
Michelle Marini
RE/MAX Elite
List Price
$310,000
Sold Price
$300,000
Premium/Discount to List
-$10,000
-3.23%
Current Estimated Value
$515,691

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,691
Avg. Annual Appreciation
9.86%
Original Mortgage
$240,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2009
Sold by
Wonnell Limited Partnership
Bought by
Kd Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
4.86%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Betts Keith -- None Available
Kd Real Estate Llc $385,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Betts Keith $240,000
Previous Owner Kd Real Estate Llc $308,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2019 01/25/19 Sold $300,000 -3.2% $64 / Sq Ft
12/03/2018 12/03/18 Pending -- -- --
11/27/2018 11/27/18 For Sale $310,000 -- $66 / 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 $5,663 $181,500 $26,100 $155,400
2023 $4,922 $181,500 $26,100 $155,400
2022 $4,945 $181,500 $26,100 $155,400
2021 $4,936 $181,500 $26,100 $155,400
2020 $0 $181,500 $26,100 $155,400
2019 $3,621 $181,500 $26,100 $155,400
2018 $60 $181,500 $26,100 $155,400
2017 $8,042 $181,500 $26,100 $155,400
2016 $8,042 $181,500 $26,100 $155,400
2015 $7,691 $181,500 $26,100 $155,400
2014 $7,302 $181,500 $26,100 $155,400
Source: Public Records

Agents Affiliated with this Home

  • Stephen Mottola

    Seller's Agent in 2019

    Stephen Mottola

    Compass

    (302) 437-6600

    678 Total Sales

    Stephen Mottola
    Section Image
  • Bonnie Sherr

    Seller Co-Listing Agent in 2019

    Bonnie Sherr

    Long & Foster

    (302) 547-4738

    9 Total Sales

    Bonnie Sherr
    Section Image
  • Michelle Marini

    Buyer's Agent in 2019

    Michelle Marini

    RE/MAX

    (302) 494-8261

    45 Total Sales

    Michelle Marini
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DENC168414

Bright MLS

APN: 26-027.10-312

Delaware New Castle County Wilmington 19805

1508 W 7th St, Wilmington, DE

This home is located at 1508 W 7th St, Wilmington, DE 19805 since 27 November 2018 and is currently estimated at $515,691, approximately $109 per square foot. This property was built in 1899. 1508 W 7th St is a home located in New Castle County with nearby schools including Lewis (William C.) Dual Language Elementary School, Skyline Middle School, and Alexis I. du Pont High School.

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