Seller's Agent in 2021
Deborah Sullivan
RE/MAX
(302) 893-0847
3 in this area
11 Total Sales
19 Clinton Ct New Castle, DE 19720
Estimated Value: $273,000 - $344,000
--
Bed
2
Baths
1,950
Sq Ft
$155/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- No Interior Steps
- Heat Pump System
- No HOA
- Central Air
- 4-minute walk to Wilton Park
About This Home
As of August 2021Awesome duplex, each unit has 2 beds and 1 bath. Positive cash flow. Condition: New exterior HVAC units in past 2 years. Interior units, one is about 5 years old, the other is original. Roof replaced in last 5 years. Interior of the units are in good condition. New Paint and Carpet for upper unit in 2020. Income: Tenant in Lower unit has been in place since 2002. Tenant in upper unit, was new in 2020. Current rent is about $980/mo. for the upper unit, and $940/mo. for the lower unit. Seller Has sent out rate increase notices of 5% to the tenant and Section 8 for the upper unit. Requesting a rent increase: $40 for 19A for a possible new rent of $1020. Leases are up as of 1/31/2022 for lower unit and 8/31//21 for upper unit. Lower lease is month to month with 60 days’ notice, Upper lease is new as of Sept of 2020. So is annual, for the first year, then can be changed to month to month on lease renewal date. Section 8 pays approx. $605.00 for the lower unit, and $980.00 for the upper unit. Any balance . not paid by Section 8 is paid by the tenants. Expenses: Landlord pays for Trash: about $1.00 per day for each unit. – Republic Services Landlord pays for Water about $100 (total) per month. Landlord pays for sewer. See tax records. HOA fee is $150/year, pays for snow removal and parking lot repair. Landlord Pays $20 every 10 days for lawn mowing, in an avgerage year about 20 times per year. Insurance about $683/year Advantages: There are fewer properties on Clinton then on the surrounding streets. It is quieter than the other streets, making it more likely to rent. When the listing is posted for rentals, the calls are overwhelming. As it is one of the few rentals that are not in the city of Wilmington at this price point. To see the property: Please have the buyer do a “drive by”. Review the info on this sheet. Provide a recent pre-approval with a large down Payment 20% or more/ or proof of cash. We will need minimum of 24 hours to set up the appointments to see the interiors. Desired in the offer: $5000 Ernest Deposit Cash or Conventional loan with large down payment. A relatively quick settlement.
Last Agent to Sell the Property
Deb@DebSullivan.com RE/MAX 1st Choice - Middletown License #R3-0014308 Listed on: 06/07/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,915
Year Built
- Built in 1985
Lot Details
- 3,485 Sq Ft Lot
- Lot Dimensions are 27.00 x 125.10
Parking
- Parking Lot
Home Design
- 1,950 Sq Ft Home
- Duplex
- Colonial Architecture
- Brick Exterior Construction
Accessible Home Design
- No Interior Steps
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
- Public Septic
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Tax Lot 153
- Assessor Parcel Number 10-029.40-153
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 7, 2021
Closed on
Aug 9, 2021
Sold by
Sea Sands Llc
Bought by
Solomon Germaine
Seller's Agent
Deborah Sullivan
RE/MAX 1st Choice - Middletown
Buyer's Agent
Deborah Phipps
Empower Real Estate, LLC
List Price
$223,000
Sold Price
$223,000
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
$79,795
Avg. Annual Appreciation
7.59%
Original Mortgage
$218,960
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 9, 2015
Bought by
Sea Sands Llc
Purchase Details
Closed on
Jan 22, 2013
Sold by
Sea Sands Llc
Bought by
Foley Donald and Foley Virginia B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,650
Interest Rate
3.35%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Mar 26, 2010
Sold by
Bohemia Creek Properties Llc
Bought by
Sea Sands Llc
Purchase Details
Closed on
Jun 1, 2007
Sold by
Foley Donald and Foley Virginia B
Bought by
Bohemia Creek Properties Llc
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 |
|---|---|---|---|
| Solomon Germaine | $223,000 | None Available | |
| Sea Sands Llc | -- | -- | |
| Foley Donald | -- | None Available | |
| Sea Sands Llc | -- | None Available | |
| Bohemia Creek Properties Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Solomon Germaine | $218,960 | |
| Previous Owner | Foley Donald | $126,650 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/04/2021 08/04/21 | Sold | $223,000 | 0.0% | $114 / Sq Ft |
| 06/08/2021 06/08/21 | Pending | -- | -- | -- |
| 06/07/2021 06/07/21 | For Sale | $223,000 | -- | $114 / 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 | $2,001 | $60,000 | $8,100 | $51,900 |
| 2023 | $1,814 | $60,000 | $8,100 | $51,900 |
| 2022 | $1,902 | $60,000 | $8,100 | $51,900 |
| 2021 | $2,362 | $60,000 | $8,100 | $51,900 |
| 2020 | $1,915 | $60,000 | $8,100 | $51,900 |
| 2019 | $2,362 | $60,000 | $8,100 | $51,900 |
| 2018 | $563 | $60,000 | $8,100 | $51,900 |
| 2017 | $1,566 | $60,000 | $8,100 | $51,900 |
| 2016 | $1,566 | $60,000 | $8,100 | $51,900 |
| 2015 | $1,566 | $60,000 | $8,100 | $51,900 |
| 2014 | $1,567 | $60,000 | $8,100 | $51,900 |
Source: Public Records
Agents Affiliated with this Home
-
Deborah Sullivan
-
Deborah Phipps
Buyer's Agent in 2021
Deborah Phipps
Empower Real Estate, LLC
(302) 737-6434
16 in this area
171 Total Sales
Map
Source: Bright MLS
MLS Number: DENC528454
APN: 10-029.40-153
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