Seller's Agent in 2023
Joseph Hurley
Pantano Real Estate Inc
(302) 740-5524
11 in this area
281 Total Sales
1600 W 4th St Wilmington, DE 19805
Westside NeighborhoodEstimated Value: $143,000 - $187,000
--
Bed
2
Baths
1,750
Sq Ft
$94/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Porch
- Replacement Windows
- Dupont (H.B.) Middle School Rated A
- Hot Water Heating System
- 1-minute walk to William Judy Johnson Memorial Park
About This Home
As of December 2023Welcome to the Westside of the City of Wilmington! Convenient to public transportation, the local hot spots of Little Italy and Union St., as well as a hop skip and jump to Trolley Square and the Riverfront! Perched at the top of the hill sits this legal multi-family located on main arterial pathway leading down into the City. This 2 unit property is perfect for an investor after a cash generating property to add to an existing portfolio or to start one from scratch! Main floor unit offers 3 bedrooms and is rented for $875 a month. This unit was recently renovated and upgraded. Upstairs unit offers 2 bedrooms, a fresh bathroom rehab and is rented for $850 a month to a long term tenant of many, many years. All mechanicals are updated to include two electric hot water tanks, 2 boilers, separate electric panels, modern plumbing and a brand new flat roof. End of row, all brick building that has stood the test of time and will continue to for years to come. Take a look and run the numbers, this property offers excellent potential and would make a solid addition to the seasoned investors portfolio or be an excellent starter for the aspiring landlord!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $878
Year Built
- Built in 1880 | Remodeled in 2022
Lot Details
- 1,742 Sq Ft Lot
- Lot Dimensions are 16x100
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Duplex
- Colonial Architecture
- Flat Roof Shape
- Brick Exterior Construction
- Stone Foundation
- Plaster Walls
Interior Spaces
- 1,750 Sq Ft Home
- Replacement Windows
- Vinyl Clad Windows
- Vinyl Flooring
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Outdoor Features
- Exterior Lighting
- Porch
Utilities
- Radiator
- Hot Water Heating System
- 100 Amp Service
- Electric Water Heater
- Municipal Trash
Community Details
- 2 Units
- Wilm #23 Subdivision
Listing and Financial Details
- The owner pays for insurance, sewer, water
- Tax Lot 057
- Assessor Parcel Number 26-027.30-057
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 15, 2023
Closed on
Dec 15, 2023
Sold by
S & G Global Investments Llc
Bought by
Nas Homes Llc
Seller's Agent
Joseph Hurley
Pantano Real Estate Inc
Buyer's Agent
Joseph Hurley
Pantano Real Estate Inc
List Price
$175,000
Sold Price
$145,000
Premium/Discount to List
-$30,000
-17.14%
Total Days on Market
87
Views
151
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
$20,000
Avg. Annual Appreciation
-1.71%
Original Mortgage
$750,000
Outstanding Balance
$742,173
Interest Rate
7.29%
Mortgage Type
Construction
Estimated Equity
-$600,673
Purchase Details
Listed on
Jan 30, 2022
Closed on
Mar 11, 2022
Sold by
Qiang Li Dong
Bought by
S & G Global Investments Llc
Seller's Agent
Ed Lucus
ELM Properties
Buyer's Agent
Joseph Hurley
Pantano Real Estate Inc
List Price
$99,900
Sold Price
$83,600
Premium/Discount to List
-$16,300
-16.32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.48%
Original Mortgage
$45,000
Interest Rate
3.09%
Mortgage Type
Construction
Purchase Details
Listed on
Dec 21, 2016
Closed on
Dec 15, 2017
Sold by
One Pie Holdings Llc
Bought by
Li Dong Hua and Li Dong Qiang
Seller's Agent
Joseph Hurley
Pantano Real Estate Inc
Buyer's Agent
Renee Spruiel
RE/MAX Associates-Wilmington
List Price
$59,900
Sold Price
$55,000
Premium/Discount to List
-$4,900
-8.18%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.30%
Purchase Details
Closed on
Nov 22, 2010
Sold by
Chin A Loy Colin and Baronsky Patrick
Bought by
One Pie Holdings Llc
Purchase Details
Closed on
Jun 20, 2006
Sold by
Young Charles A and Young Diane M
Bought by
Chin A Loy Colin and Baronsky Patrick
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
6.59%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Nas Homes Llc | $145,000 | None Listed On Document | |
| S & G Global Investments Llc | $83,600 | James P Curran Jr Pc | |
| Li Dong Hua | -- | None Available | |
| One Pie Holdings Llc | $20,000 | None Available | |
| Chin A Loy Colin | $85,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nas Homes Llc | $195,000 | |
| Open | Nas Homes Llc | $750,000 | |
| Previous Owner | S & G Global Investments Llc | $77,000 | |
| Previous Owner | S & G Global Investments Llc | $45,000 | |
| Previous Owner | One Pie Holdings L L C | $370,000 | |
| Previous Owner | Chin A Loy Colin | $82,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/15/2023 12/15/23 | Sold | $145,000 | -17.1% | $83 / Sq Ft |
| 08/15/2023 08/15/23 | For Sale | $175,000 | +109.3% | $100 / Sq Ft |
| 03/25/2022 03/25/22 | Sold | $83,600 | -16.3% | $48 / Sq Ft |
| 03/18/2022 03/18/22 | Price Changed | $99,900 | 0.0% | $57 / Sq Ft |
| 03/12/2022 03/12/22 | Price Changed | $99,900 | 0.0% | $57 / Sq Ft |
| 02/07/2022 02/07/22 | Pending | -- | -- | -- |
| 01/30/2022 01/30/22 | For Sale | $99,900 | +81.6% | $57 / Sq Ft |
| 12/18/2017 12/18/17 | Sold | $55,000 | -8.2% | $31 / Sq Ft |
| 08/07/2017 08/07/17 | For Sale | $59,900 | 0.0% | $34 / Sq Ft |
| 05/08/2017 05/08/17 | Price Changed | $59,900 | -7.7% | $34 / Sq Ft |
| 03/21/2017 03/21/17 | Price Changed | $64,900 | -35.0% | $37 / Sq Ft |
| 12/21/2016 12/21/16 | For Sale | $99,900 | -- | $57 / 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 | $568 | $18,200 | $2,700 | $15,500 |
| 2023 | $338 | $18,200 | $2,700 | $15,500 |
| 2022 | $496 | $18,200 | $2,700 | $15,500 |
| 2021 | $495 | $18,200 | $2,700 | $15,500 |
| 2020 | $498 | $18,200 | $2,700 | $15,500 |
| 2019 | $864 | $18,200 | $2,700 | $15,500 |
| 2018 | $3,010 | $18,200 | $2,700 | $15,500 |
| 2017 | $806 | $18,200 | $2,700 | $15,500 |
| 2016 | $806 | $18,200 | $2,700 | $15,500 |
| 2015 | $771 | $18,200 | $2,700 | $15,500 |
| 2014 | $732 | $18,200 | $2,700 | $15,500 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Hurley
-
Ed Lucus
Seller's Agent in 2022
Ed Lucus
ELM Properties
(302) 299-2451
2 in this area
18 Total Sales
-
Renee Spruiel
Buyer's Agent in 2017
Renee Spruiel
RE/MAX
(302) 559-5402
98 Total Sales
Map
Source: Bright MLS
MLS Number: DENC2047118
APN: 26-027.30-057
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