Seller's Agent in 2019
Stephen Mottola
Compass
(302) 437-6600
708 Total Sales
1508 W 7th St Wilmington, DE 19805
Estimated Value: $370,000 - $585,204
--
Bed
4
Baths
4,700
Sq Ft
$100/Sq Ft
Est. Value
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 2019WONDERFUL 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!
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
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%
Total Days on Market
6
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,051
Avg. Annual Appreciation
10.26%
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | $178,614 | |
| Closed | 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
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
-
Bonnie Sherr
Seller Co-Listing Agent in 2019
Bonnie Sherr
Long & Foster
(302) 547-4738
10 Total Sales
-
Michelle Marini
Buyer's Agent in 2019
Michelle Marini
RE/MAX
(302) 494-8261
46 Total Sales
Map
Source: Bright MLS
MLS Number: DENC168414
APN: 26-027.10-312
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