NOT LISTED FOR SALE

Estimated Value: $163,000 - $208,000

-- Bed
2 Baths
1,375 Sq Ft
$139/Sq Ft Est. Value

Last Sold May 07, 2018

Last sale price $90,000 $65 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $1,162/month

126 Days on Market

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Replacement Windows
  • Cooling System Mounted In Outer Wall Opening
  • Zoned Heating

About This Home

As of May 2018

Investor Alert! Priced to sell. Well maintained duplex with solid rental history. Both units could rent for 700 per month. Upper unit has long term tenant who has good history and would like to stay. Lower unit is freshly painted and has some cosmetics needed but nothing major. Both units have reliable baseboard electric radiator heat with 2 zones. Separate meters for Gas electric. Water and sewer is included in the rent. Basement has laundry separate hook-ups and available storage. Seller also has is another similar unit in complex available for sale. Inquire if interested. Gas Hot water units. 48 hour notice for showings. Tenant may be home during showings. Purchase and get positive cash flow with little investment.

Last Agent to Sell the Property

Ken Van Every

Keller Williams Realty Wilmington License #RS0022242 Listed on: 11/29/2017

Keller Williams Realty Wilmington

Last Buyer's Agent

Marcus Duphily

Patterson-Schwartz-Hockessin

Patterson-Schwartz-Hockessin

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1943

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 23x95
  • Property is in good condition

Parking

  • Parking Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,375 Sq Ft Home
  • Replacement Windows
  • Washer and Dryer Hookup

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Schools

  • Highlands Elementary School
  • Alexis I. Du Pont Middle School
  • Alexis I. Dupont High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Zoned Heating
  • Radiator
  • 100 Amp Service
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Operating Expense $1,774

Listing and Financial Details

  • Tax Lot 044
  • Assessor Parcel Number 26-018.40-044

Property Details

Home Type

Multi-Family

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Basement
  • Year Built: 1943
  • Remarks Public: Investor Alert! Priced to sell. Well maintained duplex with solid rental history. Both units could rent for 700 per month. Upper unit has long term tenant who has good history and would like to stay. Lower unit is freshly painted and has some cosmetics needed but nothing major. Both units have reliable baseboard electric radiator heat with 2 zones. Separate meters for Gas electric. Water and sewer is included in the rent. Basement has laundry separate hook-ups and available storage. Seller also has is another similar unit in complex available for sale. Inquire if interested. Gas Hot water units. 48 hour notice for showings. Tenant may be home during showings. Purchase and get positive cash flow with little investment.
  • Special Features: None

Interior Features

  • Window Features: Replacement
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Laundry Type: Hookup
  • Total Sq Ft: 1375
  • Living Area Sq Ft: 1375
  • Price Per Sq Ft: 72.65
  • Above Grade Finished Sq Ft: 1375
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 19

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Cooling: Yes
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Electric, Radiator, Zoned
  • 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
  • Elementary School: HIGHLANDS
  • Middle School: ALEXIS I. DU PONT
  • High School: ALEXIS I. DUPONT
  • School District Key: 300200396545
  • Elementary School: HIGHLANDS
  • High School: ALEXIS I. DUPONT
  • Middle Or Junior School: ALEXIS I. DU PONT

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 23X95
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: 26R-3

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 14670.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Tax Annual Amount: 1774.00
  • Assessor Parcel Number: 26-018.40-044
  • Tax Lot: 044
  • Tax Year: 2017
  • Close Date: 05/07/2018

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2017
Closed on
May 7, 2018
Sold by
Franceschina Gene W
Bought by
Gruber Jacob C
Seller's Agent
Ken Van Every
Keller Williams Realty Wilmington
Buyer's Agent
Marcus Duphily
Patterson-Schwartz-Hockessin
List Price
$99,900
Sold Price
$90,000
Premium/Discount to List
-$9,900
-9.91%
Current Estimated Value
$190,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,645
Avg. Annual Appreciation
10.47%
Original Mortgage
$67,500
Outstanding Balance
$58,801
Interest Rate
4.45%
Mortgage Type
New Conventional
Estimated Equity
$124,058

Purchase Details

Closed on
Sep 18, 2004
Sold by
Spell Ellen M and Spell Thomas R
Bought by
Franceschina Gene W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 21, 2001
Sold by
Cohen Robert and Cohen Janice
Bought by
Spell Thomas R and Spell Ellen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
6.72%
Source: Public Records

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
Gruber Jacob C -- None Available
Franceschina Gene W $105,000 --
Spell Thomas R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gruber Jacob C $67,500
Previous Owner Franceschina Gene W $84,000
Previous Owner Spell Thomas R $58,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2018 05/07/18 Sold $90,000 -9.9% $65 / Sq Ft
04/05/2018 04/05/18 Pending -- -- --
04/05/2018 04/05/18 For Sale $99,900 0.0% $73 / Sq Ft
11/29/2017 11/29/17 For Sale $99,900 -- $73 / 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 $1,204 $38,600 $4,500 $34,100
2023 $1,047 $38,600 $4,500 $34,100
2022 $1,052 $38,600 $4,500 $34,100
2021 $1,050 $38,600 $4,500 $34,100
2020 $1,056 $38,600 $4,500 $34,100
2019 $1,832 $38,600 $4,500 $34,100
2018 $1,051 $38,600 $4,500 $34,100
2017 $1,049 $38,600 $4,500 $34,100
2016 $994 $38,600 $4,500 $34,100
2015 $1,636 $38,600 $4,500 $34,100
2014 $1,553 $38,600 $4,500 $34,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004240705

Bright MLS

APN: 26-018.40-044