NOT LISTED FOR SALE

Estimated Value: $261,473 - $325,000

-- Bed
2 Baths
1,875 Sq Ft
$156/Sq Ft Est. Value

Last Sold February 28, 2014

Last sale price $132,000 $70 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $1,712/month

60 Days on Market

Highlights

  • Wood Flooring
  • Parking Storage or Cabinetry
  • Forced Air Heating System
  • No HOA
  • En-Suite Primary Bedroom
  • Ceiling Fan

About This Home

As of February 2014

Here is a solid property on a nice street in Northeast Wilmington. Building is in very good condition with very good tenants. Possible garage rentals on side of building. Good positive cash flow make this a smart buy. Separate systems keep owners fixed costs at minimum 48 hours notice for all showings.

Last Agent to Sell the Property

Todd Emsley

A C Emsley & Associates Realtors License #RB-0031297 Listed on: 11/25/2013

Last Buyer's Agent

David Taylor

RE/MAX Elite

RE/MAX Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,440

Year Built

  • Built in 1908

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 28x51
  • Property is in good condition

Home Design

  • Duplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,875 Sq Ft Home
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Vinyl

Parking

  • 2 Car Garage
  • Parking Storage or Cabinetry
  • On-Street Parking

Schools

  • Warner Elementary School
  • Skyline Middle School
  • John Dickinson High School

Utilities

  • Forced Air Heating System
  • Radiator
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 104
  • Assessor Parcel Number 26-021.20-104

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $800
  • Operating Expense $4,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,440

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Personal Property
  • New Construction: No
  • Storage: Basement, Garage
  • Year Built: 1908
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Vinyl
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Foundation Details: Stone
  • Room List: Master Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 1875
  • Living Area Sq Ft: 1875
  • Price Per Sq Ft: 77.33
  • Above Grade Finished Sq Ft: 1875
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Oil, Electric
  • Heating Type: Oil, Electric, Hot Water, Forced Air, Radiator, Baseboard
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 800.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: RED CLAY CONSOLIDATED
  • Elementary School: WARNER
  • Middle School: SKYLINE
  • High School: JOHN DICKINSON
  • School District Key: 300200396545
  • Elementary School: WARNER
  • High School: JOHN DICKINSON
  • Middle Or Junior School: SKYLINE

Lot Info

  • Improvement Assessed Value: 32600.00
  • Land Assessed Value: 4300.00
  • Lot Size Acres: 0.03
  • Lot Dimensions: 28X51
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • Property Condition: Good
  • Zoning: 26R-2

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 18300.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2399221
  • Tax Annual Amount: 1440.00
  • Assessor Parcel Number: 26-021.20-104
  • Tax Lot: 104
  • Tax Year: 2013
  • Close Date: 02/28/2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2013
Closed on
Feb 28, 2014
Sold by
Bayview Holdings Llc
Bought by
Kaushik Sachin and Maheshwari Priyanka
Seller's Agent
Todd Emsley
A C Emsley & Associates Realtors
Buyer's Agent
David Taylor
RE/MAX Elite
List Price
$145,000
Sold Price
$132,000
Premium/Discount to List
-$13,000
-8.97%
Current Estimated Value
$292,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,618
Avg. Annual Appreciation
6.33%

Purchase Details

Closed on
Oct 31, 2007
Sold by
Kauker Patricia L and Kauker James A
Bought by
Bayview Holdings Llc

Purchase Details

Closed on
Jan 25, 2006
Sold by
Bayview Holdings Llc
Bought by
Kauker James A and Kauker Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,500
Interest Rate
6.34%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 28, 2003
Sold by
Kauker Patricia L
Bought by
Bayview Holdings Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kaushik Sachin $132,000 None Available
Bayview Holdings Llc -- None Available
Kauker James A -- None Available
Bayview Holdings Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bayview Holdings Llc $50,000
Previous Owner Kauker James A $122,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2014 02/28/14 Sold $132,000 -9.0% $70 / Sq Ft
01/24/2014 01/24/14 Pending -- -- --
11/25/2013 11/25/13 For Sale $145,000 -- $77 / 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 $1,151 $36,900 $4,300 $32,600
2023 $1,001 $36,900 $4,300 $32,600
2022 $1,005 $36,900 $4,300 $32,600
2021 $1,004 $36,900 $4,300 $32,600
2020 $1,009 $36,900 $4,300 $32,600
2019 $1,751 $36,900 $4,300 $32,600
2018 $1,005 $36,900 $4,300 $32,600
2017 $1,003 $36,900 $4,300 $32,600
2016 $951 $36,900 $4,300 $32,600
2015 $1,564 $36,900 $4,300 $32,600
2014 $1,484 $36,900 $4,300 $32,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003659320

Bright MLS

APN: 26-021.20-104