NOT LISTED FOR SALE

1600 Philadelphia Pike Wilmington, DE 19809

Estimated Value: $274,468 - $500,000

-- Bed
2 Baths
4,075 Sq Ft
$87/Sq Ft Est. Value

Last Sold March 04, 2022

Last sale price $415,000 $102 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $2,184/month

69 Days on Market

Highlights

  • Second Kitchen
  • Open Floorplan
  • Wood Flooring
  • Pierre S. Dupont Middle School Rated A-
  • Traditional Architecture
  • Attic

About This Home

As of March 2022

Rarely Available Multi Unit in Holly Oak!! Be Dazzled by this dream home that also offers income producing units! Live in the main house! Rent Out the Storefront and Rent Out the upstairs apartment! Magnificence is captured in the storefront! The high sweeping ceilings with exposed beams take you back to a bygone era! This would be a lovely place for a storefront, an office, an event venue, or many other uses! The upstairs apartment has been delightfully upgraded and offers a lavish full bath! New carpet was just installed and fresh new paint make this a very move in ready apartment! The main house is a trendsetter! The kitchen is stacked with upgrades and is very spacious! There are five bedrooms and generous living areas including a three season porch! The lot is fenced in and offers a place for growing grapes for wine, a firepit area, and a large outbuilding for plenty of storage! The parking is plentiful in the front and the back! Come with your own additional ideas, but enjoy the beauty and the income possibilities that are already present! Make this excellent investment yours today!!

Last Listed By

Lisa Michels

Patterson-Schwartz - Greenville License #RS-0025497 Listed on: 11/19/2021

Patterson-Schwartz - Greenville

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $498

Year Built

  • Built in 1875

Lot Details

  • 0.32 Acre Lot
  • Landscaped
  • Corner Lot
  • Sloped Lot
  • Back and Side Yard
  • Property is in very good condition

Home Design

  • Triplex
  • Traditional Architecture
  • Dwelling with Rental
  • Bump-Outs
  • Stone Foundation
  • Vinyl Siding
  • Stick Built Home
  • Asphalt

Interior Spaces

  • Bathtub with Shower
  • 4,075 Sq Ft Home
  • Open Floorplan
  • Beamed Ceilings
  • Recessed Lighting
  • Awning
  • Basement
  • Interior Basement Entry
  • Attic

Kitchen

  • Eat-In Galley Kitchen
  • Second Kitchen

Flooring

  • Wood
  • Carpet

Parking

  • 4 Open Parking Spaces
  • 8 Parking Spaces
  • 4 Driveway Spaces
  • Private Parking
  • Parking Lot
  • Off-Street Parking
  • Fenced Parking

Outdoor Features

  • Exterior Lighting
  • Outbuilding
  • Porch

Additional Homes

  • Dwelling with Separate Living Area

Utilities

  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • 3 Units
  • Holly Oak Subdivision

Listing and Financial Details

  • Assessor Parcel Number 06-106.00-450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$498

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Dwelling W/Separate Living Area, Dwelling With Rental, Traditional
  • Ownership: Fee Simple
  • Exclusions: Personal Property
  • Inclusions: All Appliances Convey As Is
  • New Construction: No
  • Year Built: 1875
  • Remarks Public: Rarely Available Multi Unit in Holly Oak!! Be Dazzled by this dream home that also offers income producing units! Live in the main house! Rent Out the Storefront and Rent Out the upstairs apartment! Magnificence is captured in the storefront! The high sweeping ceilings with exposed beams take you back to a bygone era! This would be a lovely place for a storefront, an office, an event venue, or many other uses! The upstairs apartment has been delightfully upgraded and offers a lavish full bath! New carpet was just installed and fresh new paint make this a very move in ready apartment! The main house is a trendsetter! The kitchen is stacked with upgrades and is very spacious! There are five bedrooms and generous living areas including a three season porch! The lot is fenced in and offers a place for growing grapes for wine, a firepit area, and a large outbuilding for plenty of storage! The parking is plentiful in the front and the back! Come with your own additional ideas, but enjoy the beauty and the income possibilities that are already present! Make this excellent investment yours today!!
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator
  • Interior Amenities: 2nd Kitchen, Attic, Carpet, Exposed Beams, Floor Plan - Open, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Galley, Recessed Lighting, Store/Office, Tub Shower, Wood Floors
  • Foundation Details: Stone, Other
  • Basement: Yes
  • Basement Type: Interior Access
  • Living Area Units: Square Feet
  • Total Sq Ft: 4075
  • Living Area Sq Ft: 4075
  • Price Per Sq Ft: 107.95
  • Above Grade Finished Sq Ft: 4075
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1600

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Asphalt, Combination, Mixed, Stick Built, Vinyl Siding
  • Exterior Features: Awning(s), Bump-Outs, Exterior Lighting, Outbuilding(s)
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Fenced, Private
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Driveway, Off Street, Parking Lot
  • Number of Spaces in Driveway: 4
  • Parking Lot Number Of Spaces: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • 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
  • School District Source: Listing Agent

Lot Info

  • Land Lease: No
  • Lot Features: Corner, Landscaping, Rear Yard, Sideyard(s), Sloping
  • Lot Size Acres: 0.32
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13939.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Very Good
  • Zoning: CN
  • Zoning Description: Commercial Neighborhood
  • In City Limits: No

Rental Info

  • Existing Lease Type: None
  • Vacation Rental: No
  • Rent Spree Online Application: No

Multi Family

  • Other Units: Unit 3
  • Single Room Units Count: 1

Tax Info

  • Assessor Parcel Number: 2242540
  • Tax Annual Amount: 498.00
  • Assessor Parcel Number: 06-106.00-450
  • Tax Year: 2021
  • Close Date: 03/04/2022

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2021
Closed on
Mar 1, 2022
Sold by
Apure Llc
Bought by
Hovhannesian Manouk
Seller's Agent
Lisa Michels
Patterson-Schwartz - Greenville
Buyer's Agent
Zach Dupras
Coldwell Banker Realty
List Price
$455,000
Sold Price
$415,000
Premium/Discount to List
-$40,000
-8.79%
Total Days on Market
69
Current Estimated Value
$356,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$58,883
Avg. Annual Appreciation
-4.61%
Original Mortgage
$407,483
Outstanding Balance
$384,102
Interest Rate
3.92%
Mortgage Type
FHA
Estimated Equity
-$27,985

Purchase Details

Closed on
Aug 27, 2021
Sold by
Shaffer And Dad 1600 Llc
Bought by
Apure Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
2.7%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 19, 2014
Sold by
Shaffer Joseph G
Bought by
Shaffer And Dad 1600 L L C

Purchase Details

Closed on
Apr 30, 2013
Sold by
Murphey Glenn N and Johns Deborah J
Bought by
Shaffer Joseph G

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
Hovhannesian Manouk $30,800 None Listed On Document
Apure Llc -- None Available
Shaffer And Dad 1600 L L C -- None Available
Shaffer Joseph G $115,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hovhannesian Manouk $407,483
Previous Owner Apure Llc $290,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2022 03/04/22 Sold $415,000 -5.7% $102 / Sq Ft
01/27/2022 01/27/22 Pending -- -- --
12/02/2021 12/02/21 Price Changed $439,900 -3.3% $108 / Sq Ft
11/19/2021 11/19/21 For Sale $455,000 -- $112 / 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 $2,283 $60,000 $34,800 $25,200
2023 $2,111 $60,000 $34,800 $25,200
2022 $2,123 $60,000 $34,800 $25,200
2021 $2,120 $60,000 $34,800 $25,200
2020 $2,120 $60,000 $34,800 $25,200
2019 $2,120 $60,000 $34,800 $25,200
2018 $49 $60,000 $34,800 $25,200
2017 -- $60,000 $34,800 $25,200
2016 -- $60,000 $34,800 $25,200
2015 -- $60,000 $34,800 $25,200
2014 $1,835 $60,000 $34,800 $25,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2010892

Bright MLS

APN: 06-106.00-450