1522 W 7th St Wilmington, DE 19805
--
Bed
--
Bath
4,400
Sq Ft
3,049
Sq Ft Lot
Highlights
- Colonial Architecture
- 90% Forced Air Heating System
- 4-minute walk to William Judy Johnson Memorial Park
About This Home
As of May 2025Welcome 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.
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.54%
Original Mortgage
$460,000
Outstanding Balance
$460,000
Interest Rate
6.76%
Mortgage Type
Construction
Estimated Equity
-$31,307
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%
Similar Homes in Wilmington, DE
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $420,000 | None Listed On Document | |
| Deed | $145,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $460,000 | Construction | |
| Previous Owner | $104,275 | New Conventional | |
| Previous Owner | $197,000 | Credit Line Revolving | |
| Previous Owner | $116,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
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
-
Seller's Agent in 2025
Cynthia Shareef
Tesla Realty Group, LLC
(302) 420-8091
93 Total Sales
-
Buyer's Agent in 2025
Vincet Garman
Compass
(610) 800-5255
182 Total Sales
Map
Source: Bright MLS
MLS Number: DENC2077910
APN: 26-027.10-316
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