NOT LISTED FOR SALE

Estimated Value: $140,789 - $232,000

-- Bed
2 Baths
1,525 Sq Ft
$116/Sq Ft Est. Value

Last Sold March 28, 2014

Last sale price $75,000 $49 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $1,081/month

51 Days on Market

Highlights

  • 0.11 Acre Lot
  • 4 Car Detached Garage
  • En-Suite Primary Bedroom
  • No HOA
  • Parking Storage or Cabinetry
  • 2-minute walk to Tatnall Playground/One Love Park

About This Home

As of March 2014

Great duplex in the Ninth Ward section of Wilmington. Each unit consists of an updated kitchen and bath, 2 bedrooms and a living room. 1st floor has access to the basement that has a washer/dryer hookup. The second floor tenant has an outside entrance that leads to a rear driveway. Many updates to the property including most windows, 1 new gas hot air heater, and duct work. Newer flooring in the units consists of carpet, vinyl and pergo. Utilites are seperate, 2 heaters, 2 hot water heaters, gas meters, and circuit breakers. Owner pays water, sewer and common area electric (minimal). Each unit is occupied at $700/m and the tenants wish to stay. There is also a driveway with off street parking for both tenants, and 5 DETACHED GARAGES INCLUDED(one is rented at $80/m) and the other 4 are empty. The garages are in good shape but are being sold in as is condition. The numbers work on this one.

Last Agent to Sell the Property

Stephen Mervine

RE/MAX Associates-Hockessin License #RS323368 Listed on: 12/18/2013

RE/MAX Associates-Hockessin

Last Buyer's Agent

Richard Brown

Patterson-Schwartz-Newark

Patterson-Schwartz-Newark

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $807

Year Built

  • Built in 1910

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 43x125
  • South Facing Home
  • Property is in good condition

Parking

  • 4 Car Detached Garage
  • 4 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Driveway

Home Design

  • 1,525 Sq Ft Home
  • Duplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation

Flooring

  • Wall to Wall Carpet
  • Vinyl

Unfinished Basement

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas
  • 100 Amp Service
  • Electric Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Washer and Dryer Hookup

Listing and Financial Details

  • Tax Lot 298
  • Assessor Parcel Number 26-022.10-298

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $300
  • Insurance Expense $250
  • Operating Expense $1,917

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$807

Year Built

Built in 1910

Lot Details

0

Parking

4

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • Inclusions: All Existing Fixtures And Appliances
  • New Construction: No
  • Storage: Basement, Garage
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Laundry Type: Hookup
  • Total Sq Ft: 1525
  • Living Area Sq Ft: 1525
  • Price Per Sq Ft: 55.67
  • Above Grade Finished Sq Ft: 1525
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Open Parking Spaces Count: 4
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Driveway, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Electric Expense: 300.00
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 560.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: RED CLAY CONSOLIDATED
  • School District Key: 300200396545

Lot Info

  • Improvement Assessed Value: 16400.00
  • Land Assessed Value: 2200.00
  • Lot Size Acres: 0.11
  • Lot Dimensions: 43X125
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Property Condition: Good
  • Zoning: 26R-3

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 17760.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2401377
  • Tax Annual Amount: 807.00
  • Assessor Parcel Number: 26-022.10-298
  • Tax Lot: 298
  • Tax Year: 2013
  • Close Date: 03/28/2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2013
Closed on
Mar 28, 2014
Sold by
Werline Cliff
Bought by
Guyton Nate
Seller's Agent
Stephen Mervine
RE/MAX Associates-Hockessin
Buyer's Agent
Richard Brown
Patterson-Schwartz-Newark
List Price
$99,900
Sold Price
$75,000
Premium/Discount to List
-$24,900
-24.92%
Total Days on Market
51
Current Estimated Value
$176,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,596
Avg. Annual Appreciation
7.66%
Original Mortgage
$56,250
Interest Rate
4.27%
Mortgage Type
New Conventional
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
Guyton Nate $75,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guyton Nate $86,600
Closed Guyton Nate $56,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2014 03/28/14 Sold $75,000 -24.9% $49 / Sq Ft
02/07/2014 02/07/14 Pending -- -- --
12/18/2013 12/18/13 For Sale $99,900 -- $66 / 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 $1,111 $35,600 $5,700 $29,900
2023 $965 $35,600 $5,700 $29,900
2022 $970 $35,600 $5,700 $29,900
2021 $968 $35,600 $5,700 $29,900
2020 $974 $35,600 $5,700 $29,900
2019 $1,689 $35,600 $5,700 $29,900
2018 $969 $35,600 $5,700 $29,900
2017 $968 $35,600 $5,700 $29,900
2016 $917 $35,600 $5,700 $29,900
2015 $1,509 $35,600 $5,700 $29,900
2014 $1,432 $35,600 $5,700 $29,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003677386

Bright MLS

APN: 26-022.10-298