NOT LISTED FOR SALE

2 Red Oak Rd Wilmington, DE 19806

Highlands Neighborhood

Estimated Value: $948,000 - $1,691,000

0.23 Acre
$5,753,222 Price per Acre
10,019 Sq Ft Lot

Last Sold April 24, 2012

Last sale price $280,000

Est. 373% increase in value since last sale

Current estimated payment $7,666/month

Highlights

  • 0.23 Acre Lot
  • No HOA
  • En-Suite Primary Bedroom
  • Corner Lot

About This Lot

As of April 2012

One of the last opportunities to build a new custom home in one of Wilmington's most prestigious locations. Located on Red Oak Road directly across the street from Rockford Park. Enjoy a view of Rockford Park from your front doorstep. This is a rare chance to build a new custom home with one of Wilmington's most exclusive addresses. Unparalleled location nestled among multi-million dollar homes. This is a corner lot with unmatched potential for a new home facing either Red Oak Road & Rockford Park or Rockford Road. Just 1 block from the Delaware Art Museum and other new homes. This is truly a once in a lifetime opportunity. Live in Rockford Park among Wilmington's historic mansions and enjoy this exclusive neighborhood in the luxury of your brand new home with all the modern conveniences. Lot is currently fenced and is being used as additional yard for neighboring home at 3 Red Oak Road. Lot is in Historic District and house plans must be approved.

Last Agent to Sell the Property

Lisa Marie

(302) 753-8367 yourfriendsinrealestate@gmail.com RE/MAX Edge License #RS-0018248 Listed on: 11/28/2011

Last Buyer's Agent

Victoria Dickinson

(302) 429-7304 vdickinson@psre.com Patterson-Schwartz - Greenville License #R5-210113L

Patterson-Schwartz - Greenville

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,150

Lot Details

  • 10,019 Sq Ft Lot
  • Corner Lot
  • The property's topography is level
  • Property is zoned 26R-1

Additional Features

  • En-Suite Primary Bedroom
  • No Septic Approved

Community Details

  • No Home Owners Association
  • Wilm #13 Subdivision

Listing and Financial Details

  • Tax Lot 097
  • Assessor Parcel Number 26-006.30-097

Property Details

Property Type

Land

Est. Annual Taxes

$1,150

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • New Construction: No
  • Special Features: 12
  • Property Sub Type: LotsLands

Interior Features

  • Room List: Primary Bedroom
  • Price Per Sq Ft: 37.43

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: No Septic Approved, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Corner
  • Lot Size Acres: 0.23
  • Lot Dimensions: 90X103, LotWidth:90 X LotDepth:103
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10019.00
  • Topography: Level
  • Zoning: 26R-1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4433061
  • Tax Annual Amount: 1150.00
  • Assessor Parcel Number: 26-006.30-097
  • Tax Lot: 097
  • Tax Year: 2010

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 26, 2014
Sold by
Lisa James P and Lisa Karen J
Bought by
Reilly Michael F and Reilly Elaine C
Current Estimated Value
$1,323,241

Purchase Details

Listed on
Nov 28, 2011
Closed on
Apr 24, 2012
Sold by
Midcoast Community Bank
Bought by
Lisa James P and Lisa Karen J
Seller's Agent
Lisa Marie
RE/MAX Edge
Buyer's Agent
Victoria Dickinson
Patterson-Schwartz - Greenville
List Price
$375,000
Sold Price
$280,000
Premium/Discount to List
-$95,000
-25.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.17%
Original Mortgage
$252,000
Interest Rate
4.08%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 3, 2012
Sold by
Red Oak Properties Llc
Bought by
Midcoast Community Bank

Purchase Details

Closed on
Jul 7, 2008
Sold by
2 Red Oak Llc
Bought by
Red Oak Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 27, 2005
Sold by
Malone Paula J
Bought by
Davis Michael R and Davis Kelly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,375,000
Interest Rate
5.79%
Mortgage Type
Construction
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
Reilly Michael F $335,000 None Available
Lisa James P $280,000 None Available
Midcoast Community Bank $495,000 None Available
Red Oak Properties Llc $495,000 None Available
Davis Michael R -- --
2 Red Oak Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lisa James P $252,000
Previous Owner Red Oak Properties Llc $495,000
Previous Owner 2 Red Oak Llc $1,375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2012 04/24/12 Sold $280,000 -25.3% --
01/25/2012 01/25/12 Pending -- -- --
11/28/2011 11/28/11 For Sale $375,000 -- --
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 $8,880 $284,600 $30,000 $254,600
2023 $7,717 $284,600 $30,000 $254,600
2022 $7,753 $284,600 $30,000 $254,600
2021 $7,741 $284,600 $30,000 $254,600
2020 $7,784 $284,600 $30,000 $254,600
2019 $13,505 $284,600 $30,000 $254,600
2018 $7,749 $284,600 $30,000 $254,600
2017 $7,735 $284,600 $30,000 $254,600
2016 $773 $30,000 $30,000 $0
2015 $557 $30,000 $30,000 $0
2014 $1,207 $30,000 $30,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Marie

    Seller's Agent in 2012

    Lisa Marie

    RE/MAX

    (302) 753-8367

    115 Total Sales

    Lisa Marie
    Section Image
  • Victoria Dickinson

    Buyer's Agent in 2012

    Victoria Dickinson

    Patterson Schwartz

    (302) 429-7304

    24 in this area

    432 Total Sales

    Victoria Dickinson
    Section Image
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Map

Source: Bright MLS

MLS Number: 1004583802

Bright MLS

APN: 26-006.30-097

Delaware New Castle County Wilmington 19806 Highlands

2 Red Oak Rd, Wilmington, DE

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