Seller's Agent in 2022
Candice Santoro
Compass
(302) 584-3279
1 in this area
71 Total Sales
1716 Chestnut St Wilmington, DE 19805
Bayard Square Neighborhood
--
Bed
--
Bath
3,025
Sq Ft
4,356
Sq Ft Lot
Highlights
- Colonial Architecture
- No HOA
- Hot Water Heating System
- Wood Flooring
About This Home
As of September 2022Excellent opportunity to purchase this fully occupied and performing four unit, all stone building located in the quaint and quiet Bayard Square neighborhood in the City of Wilmington. Two units accessed on the main level from separate entrances, and two units accessed through a shared, side entrance with separate front doors at the top of the steps on the second floor. First unit is a large one bedroom which has been nicely renovated. Second main floor unit is a one bedroom which has some updates and features a nice tiled bathroom. Third unit on the upper floor is extra large with three bedrooms, hardwood flooring and a tile bathroom. Fourth unit on the upper floor is a one bedroom with a cozy tiled bathroom. Large basement accessed from the rear of building with it's own dedicated exterior entrance is home to storage, washer/dryer, all four electrical panels, gas fired hot water heater and gas fired boiler for the radiant heat the building utilizes. Fenced in rear, grassy yard perfect for social distanced gatherings and other out door activities. Off street parking exists for one car on a concrete pad out front. The building is fully occupied with fresh tenants that are all on 12 month leases with plenty of time left before expiration. Landlord pays for heat, hot water, and water as well as exterior maintenance. This property has on recored with the City of Wilmington a Legal, Non-Conforming Use Variance to allow its operation as a four unit building as it is currently structured. This has been recently acquired by the owner and all supporting documents will be made available as such and transferable to the new owner. This variance was acquired first, then renovations were performed to the building, and then it was filled with tenants. Rare offering for a multi-family property with all proper documentation and fully performing. Add this to your existing portfolio, 1031 Exchange into this offering or simply start your investment career with the purchase of this property!
Last Agent to Sell the Property
Pantano Real Estate Inc License #RS-0018346 Listed on: 10/26/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 42.00 x 100.00
- Property is in good condition
Home Design
- Quadruplex
- Colonial Architecture
- Brick Foundation
- Block Foundation
- Stone Foundation
- Plaster Walls
- Pitched Roof
- Shingle Roof
- Stone Siding
Interior Spaces
- 3,025 Sq Ft Home
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Parking
- 1 Parking Space
- 1 Driveway Space
- On-Street Parking
- Off-Street Parking
Utilities
- Hot Water Heating System
- 200+ Amp Service
- Natural Gas Water Heater
- Municipal Trash
Community Details
- No Home Owners Association
- 4 Units
- 2-Story Building
- Wilm #25 Subdivision
Listing and Financial Details
- The owner pays for gas, heat, insurance, sewer, snow removal, real estate taxes, water
- Tax Lot 228
- Assessor Parcel Number 26-033.20-228
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 6, 2022
Closed on
Sep 1, 2022
Sold by
Handy Donte A
Bought by
Donti Nikita and King Joseph
Seller's Agent
Candice Santoro
Compass
Buyer's Agent
Heather Sinclair
EXP Realty, LLC
List Price
$379,900
Sold Price
$355,000
Premium/Discount to List
-$24,900
-6.55%
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
$110,475
Avg. Annual Appreciation
6.80%
Original Mortgage
$266,250
Outstanding Balance
$256,222
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$176,748
Purchase Details
Listed on
Oct 26, 2020
Closed on
May 3, 2021
Sold by
Atkran Llc
Bought by
Handy Donte A
Seller's Agent
Joseph Hurley
Pantano Real Estate Inc
Buyer's Agent
Nikolina Novakovic
Century 21 Gold Key Realty
List Price
$400,000
Sold Price
$332,500
Premium/Discount to List
-$67,500
-16.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.97%
Original Mortgage
$328,339
Interest Rate
3.1%
Mortgage Type
VA
Purchase Details
Listed on
May 1, 2019
Closed on
Jun 21, 2019
Sold by
Carnevale Thomas
Bought by
Atkran Llc
Seller's Agent
Edith Elzie
EXP Realty, LLC
Buyer's Agent
Joseph Hurley
Pantano Real Estate Inc
List Price
$180,000
Sold Price
$165,000
Premium/Discount to List
-$15,000
-8.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.75%
Original Mortgage
$172,000
Interest Rate
3.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 3, 2002
Sold by
Carnevale Umberto A and Dorazio Antonio
Bought by
Carnevale Thomas
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 | $355,000 | -- | |
| Deed | $332,500 | Novas Title Company Llc | |
| Deed | $165,000 | Westcor Land Title Ins Co | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $266,250 | New Conventional | |
| Previous Owner | $328,339 | VA | |
| Previous Owner | $172,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/06/2022 09/06/22 | Sold | $355,000 | -6.6% | $117 / Sq Ft |
| 07/30/2022 07/30/22 | Pending | -- | -- | -- |
| 06/06/2022 06/06/22 | For Sale | $379,900 | +14.3% | $126 / Sq Ft |
| 04/30/2021 04/30/21 | Sold | $332,500 | -10.1% | $110 / Sq Ft |
| 02/15/2021 02/15/21 | Price Changed | $370,000 | -2.6% | $122 / Sq Ft |
| 01/04/2021 01/04/21 | Price Changed | $380,000 | -2.6% | $126 / Sq Ft |
| 11/30/2020 11/30/20 | Price Changed | $390,000 | -2.5% | $129 / Sq Ft |
| 10/26/2020 10/26/20 | For Sale | $400,000 | +142.4% | $132 / Sq Ft |
| 06/21/2019 06/21/19 | Sold | $165,000 | -8.3% | $55 / Sq Ft |
| 05/12/2019 05/12/19 | Pending | -- | -- | -- |
| 05/01/2019 05/01/19 | For Sale | $180,000 | -- | $60 / 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 | $3,543 | $96,100 | $7,600 | $88,500 |
| 2023 | $1,783 | $96,100 | $7,600 | $88,500 |
| 2022 | $3,419 | $96,100 | $7,600 | $88,500 |
| 2021 | $3,331 | $96,100 | $7,600 | $88,500 |
| 2020 | $3,234 | $96,100 | $7,600 | $88,500 |
| 2019 | $1,917 | $96,100 | $7,600 | $88,500 |
| 2018 | $1,185 | $96,100 | $7,600 | $88,500 |
| 2017 | $1,783 | $96,100 | $7,600 | $88,500 |
| 2016 | $1,783 | $96,100 | $7,600 | $88,500 |
| 2015 | $1,783 | $96,100 | $7,600 | $88,500 |
| 2014 | $4,173 | $96,100 | $7,600 | $88,500 |
Source: Public Records
Agents Affiliated with this Home
-
Candice Santoro
-
Carolyn Stanley
Seller Co-Listing Agent in 2022
Carolyn Stanley
Compass
(302) 218-8013
1 in this area
33 Total Sales
-
Heather Sinclair
Buyer's Agent in 2022
Heather Sinclair
EXP Realty, LLC
(302) 983-6553
1 in this area
43 Total Sales
-
Joseph Hurley
Seller's Agent in 2021
Joseph Hurley
Pantano Real Estate Inc
(302) 740-5524
6 in this area
277 Total Sales
-
Nikolina Novakovic
Buyer's Agent in 2021
Nikolina Novakovic
Century 21 Gold Key Realty
(302) 598-3661
1 in this area
95 Total Sales
-
Edith Elzie
Seller's Agent in 2019
Edith Elzie
EXP Realty, LLC
(704) 421-3363
58 Total Sales
Map
Source: Bright MLS
MLS Number: DENC511776
APN: 26-033.20-228
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