NOT LISTED FOR SALE

2 Caldwell Place Newark, DE 19711

Estimated Value: $403,000 - $535,000

Studio
2 Baths
2,125 Sq Ft
$223/Sq Ft Est. Value

Last Sold October 31, 2012

Last sale price $236,000 $111 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $2,499/month

28 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Asbestos
  • West Park Place Elementary School Rated A-
  • Forced Air Heating System
  • 3-minute walk to George Read Park

About This Home

As of October 2012

Sharp City of Newark side by side duplex located in a high demand area. Walking distance to the University of Delaware and Main St. This well located investment qualifies for two, 4 non related persons permit. Each unit consists of 3 bedrooms, 1 bath, living room, dining room, kitchen and has separate utilities. Features hardwood floors and washer/dryer hookups. Unit #2 currently rented for $625 per month, with a month-to-month lease in place. Tenant pays electric and oil, owner pays water and sewer. Unit # 4 currently rented for $1,500, with one tenant leased until the end of July 2012, one month to month and one is renewed through May 2013. Owner pays electric, water, sewer, gas and basic cable.

Last Agent to Sell the Property

James Darden

(302) 369-5397 newarkoffice@c21gk.com Century 21 Gold Key Realty Listed on: 06/01/2012

Century 21 Gold Key Realty

Last Buyer's Agent

Peter Meyer

(302) 994-9600 peter@meyerrealty.net Meyer & Meyer Realty License #RB-0003304

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,226

Year Built

  • Built in 1943

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 102x135
  • Property is in good condition

Parking

  • 2 Open Parking Spaces

Home Design

  • Duplex
  • Asbestos

Interior Spaces

  • 2,125 Sq Ft Home
  • Wood Flooring
  • Washer and Dryer Hookup

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 060
  • Assessor Parcel Number 18-021.00-060

Community Details

Overview

  • No Home Owners Association
  • George Read Villag Subdivision

Building Details

  • Electric Expense $1,000
  • Insurance Expense $800
  • Operating Expense $4,856

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,226

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Items
  • New Construction: No
  • Year Built: 1943
  • Special Features: None

Interior Features

  • Flooring Type: Wood
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: No
  • Laundry Type: Hookup
  • Total Sq Ft: 2125
  • Living Area Sq Ft: 2125
  • Price Per Sq Ft: 117.65
  • Above Grade Finished Sq Ft: 2125
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Asbestos
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2

Utilities

  • Annual Heating Expense: 1000.00
  • Central Air Conditioning: No
  • Electric Expense: 1000.00
  • Heating Fuel: Oil
  • Heating Type: Oil, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 830.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 36300.00
  • Land Assessed Value: 7000.00
  • Lot Size Acres: 0.18
  • Lot Dimensions: 102X135
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7841.00
  • Property Condition: Good
  • Zoning: 18RD

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 25500.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2370827
  • Tax Annual Amount: 1226.00
  • Assessor Parcel Number: 18-021.00-060
  • Tax Lot: 060
  • Tax Year: 2011

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2025
Sold by
Lu Xiang Lin and Li Zhiqlang
Bought by
Lu Xianglin
Current Estimated Value
$473,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Outstanding Balance
$189,031
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$284,335

Purchase Details

Closed on
Jul 22, 2016
Sold by
Li Zhiqiang
Bought by
Lin Li Zhiqiang and Lin Lu Xiang

Purchase Details

Listed on
Jun 1, 2012
Closed on
Oct 4, 2012
Sold by
Eckenrode Michael J and Eckenrode Patricia A
Bought by
Li Zhiqiang
Seller's Agent
James Darden
Century 21 Gold Key Realty
Buyer's Agent
Peter Meyer
Meyer & Meyer Realty
List Price
$250,000
Sold Price
$236,000
Premium/Discount to List
-$14,000
-5.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.40%
Original Mortgage
$174,400
Interest Rate
3.57%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 30, 2001
Sold by
Gardner Arnold H
Bought by
Gardner Arnold H and Gardner Claire M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lu Xianglin $90,000 None Listed On Document
Lin Li Zhiqiang -- None Available
Li Zhiqiang $236,000 None Available
Gardner Arnold H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lu Xianglin $190,000
Previous Owner Li Zhiqiang $174,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2012 10/31/12 Sold $236,000 -5.6% $111 / Sq Ft
06/29/2012 06/29/12 Pending -- -- --
06/01/2012 06/01/12 For Sale $250,000 -- $118 / Sq Ft
Source: Bright MLS

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 $457 $43,300 $7,000 $36,300
2023 $1,566 $43,300 $7,000 $36,300
2022 $1,549 $43,300 $7,000 $36,300
2021 $1,509 $43,300 $7,000 $36,300
2020 $1,466 $43,300 $7,000 $36,300
2019 $1,285 $43,300 $7,000 $36,300
2018 $1,255 $43,300 $7,000 $36,300
2017 $1,218 $43,300 $7,000 $36,300
2016 $1,215 $43,300 $7,000 $36,300
2015 $1,089 $43,300 $7,000 $36,300
2014 $1,088 $43,300 $7,000 $36,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003982812

Bright MLS

APN: 18-021.00-060