NOT LISTED FOR SALE

Estimated Value: $364,680 - $417,000

-- Bed
3 Baths
4,400 Sq Ft
$89/Sq Ft Est. Value

Last Sold May 06, 2025

Last sale price $420,000 $95 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,241/month

6 Days on Market

Highlights

  • Colonial Architecture
  • 90% Forced Air Heating System
  • 4-minute walk to William Judy Johnson Memorial Park

About This Home

As of May 2025

Welcome home to this great Twin Triplex located right across the street from St. Francis Hospital in Wilmington. This property could be a great addition to your Real Estate portfolio. Each unit has 2 bedrooms and one bath. All tenants are long term tenants with strong rental history. All tenants are on a month to month lease. The current rent for 1st floor is $1,350, 2nd floor is $1,150 and 3rd floor is $1,225. Rents could be higher, seller just never raised rents. Tenants pay all utilities except water. Property is an estate sale and being sold "As is." Please call listing agent for additional information or problems with showings.

Last Agent to Sell the Property

Cynthia Shareef

(302) 420-8091 shareefcynthia@yahoo.com Tesla Realty Group, LLC Listed on: 03/18/2025

Tesla Realty Group, LLC

Last Buyer's Agent

Vincet Garman

(610) 800-5255 vince.garman@compass.com Compass License #RS343299

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,847

Year Built

  • Built in 1915

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25.00 x 128.00

Parking

  • On-Street Parking

Home Design

  • 4,400 Sq Ft Home
  • Triplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation

Utilities

  • 90% Forced Air Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 316
  • Assessor Parcel Number 26-027.10-316

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,847

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Automatically Close On Close Date: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Total Sq Ft: 4400
  • Living Area Sq Ft: 4400
  • Price Per Sq Ft: 90.89
  • Above Grade Finished Sq Ft: 4400
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below 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: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 25.00 x 128.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3049.00
  • Zoning: 26R-3
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 2023.00
  • Tax Annual Amount: 3847.00
  • Assessor Parcel Number: 26-027.10-316
  • Tax Lot: 316
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2025
Closed on
Jun 11, 2025
Sold by
Black Drae Winston
Bought by
1522 W 7Th St Associates Llc
Seller's Agent
Cynthia Shareef
Tesla Realty Group, LLC
Buyer's Agent
Vincet Garman
Compass
List Price
$399,900
Sold Price
$420,000
Premium/Discount to List
$20,100
5.03%
Views
37
Current Estimated Value
$389,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,440
Avg. Annual Appreciation
-12.57%
Original Mortgage
$460,000
Outstanding Balance
$347,891
Interest Rate
6.76%
Mortgage Type
Construction
Estimated Equity
$41,669

Purchase Details

Closed on
Aug 15, 2002
Sold by
Millie Palladinetti Millie and Millie Pallidinetti
Bought by
Black Winston and Black Almira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
7.25%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
1522 W 7Th St Associates Llc $420,000 None Listed On Document
Black Winston $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1522 W 7Th St Associates Llc $460,000
Previous Owner Black Winston $116,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2025 05/06/25 Sold $420,000 +5.0% $95 / Sq Ft
03/24/2025 03/24/25 Pending -- -- --
03/18/2025 03/18/25 For Sale $399,900 -- $91 / 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 $2,375 $76,100 $6,700 $69,400
2023 $2,064 $76,100 $6,700 $69,400
2022 $2,073 $76,100 $6,700 $69,400
2021 $2,070 $76,100 $6,700 $69,400
2020 $2,081 $76,100 $6,700 $69,400
2019 $3,611 $76,100 $6,700 $69,400
2018 $2,072 $76,100 $6,700 $69,400
2017 $2,068 $76,100 $6,700 $69,400
2016 $1,960 $76,100 $6,700 $69,400
2015 $3,225 $76,100 $6,700 $69,400
2014 $3,061 $76,100 $6,700 $69,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2077910

Bright MLS

APN: 26-027.10-316