NOT LISTED FOR SALE

Estimated Value: $265,000 - $375,000

-- Bed
2 Baths
1,950 Sq Ft
$161/Sq Ft Est. Value

Last Sold February 07, 2020

Last sale price $170,000 $87 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $1,782/month

Highlights

  • Straight Thru Architecture
  • Hot Water Heating System
  • 5-minute walk to Brandywine Mills Plaza
  • No HOA

About This Home

As of February 2020

The numbers don t lie. This is a money maker for sure. Total monthly rent from both units is $1,900. That adds up to a 12% CAP rate minus expenses. It s a no brainer. The seller is looking to diversify his portfolio which makes this turn-key rental an opportunity for you!The Lower Level (Unit 1) is currently occupied and is a two bedroom, 1 bath with basement access. Upper Level (Unit 2) is three bedroom, 1 bath, with washer and dryer in unit.

Last Agent to Sell the Property

Jeffrey Kralovec

(267) 858-0914 jeff.kralovec@compass.com Compass License #RS-0024577 Listed on: 12/31/2019

Compass

Last Buyer's Agent

DAVID BRIZZOLARA

(302) 524-9971 brizzolara@kw.com Keller Williams Realty Wilmington

Keller Williams Realty Wilmington

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,164

Year Built

  • Built in 1910

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 20.00 x 115.00

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Straight Thru Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,950 Sq Ft Home
  • Partial Basement

Utilities

  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for trash collection, water
  • Tax Lot 084
  • Assessor Parcel Number 26-021.40-084

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,164

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • Exclusions: Tenant property.
  • New Construction: No
  • Year Built: 1910
  • Special Features: None
  • Stories: 0

Interior Features

  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 1950
  • Living Area Sq Ft: 1950
  • Price Per Sq Ft: 92.31
  • Above Grade Finished Sq Ft: 1950
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 210

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: RED CLAY CONSOLIDATED
  • School District Key: 300200396545
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 20.00 x 115.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Year Assessed: 2019
  • Zoning: 26R-3
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Trash Collection, Water
  • Total Actual Rent: 22800.00
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • School Tax: 1165.00
  • Tax Annual Amount: 2164.00
  • Assessor Parcel Number: 26-021.40-084
  • Tax Lot: 084
  • Tax Total Finished Sq Ft: 1950
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 02/07/2020

Multi Family

  • Number Of Units Vacant: 1
  • Single Room Units Count: 2

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 7, 2020
Sold by
Johnson Brandon and Arias Renzo Xavier
Bought by
Rbj Homes Llc
Current Estimated Value
$313,955

Purchase Details

Listed on
Dec 31, 2019
Closed on
Jan 31, 2020
Sold by
Wiley Frederick W
Bought by
Johnson Bradpon David and Arias Renzo Xavier Urrutia
Seller's Agent
Jeffrey Kralovec
Compass
Buyer's Agent
DAVID BRIZZOLARA
Keller Williams Realty Wilmington
List Price
$180,000
Sold Price
$170,000
Premium/Discount to List
-$10,000
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.43%
Original Mortgage
$127,500
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 28, 2013
Closed on
May 30, 2013
Sold by
Welshmer Robert F and Welshmer Margaret A
Bought by
Wiley Frederick W
Seller's Agent
Michael McCullough
Long & Foster Real Estate, Inc.
Buyer's Agent
Lynette Scott
Presto Realty Company
List Price
$155,000
Sold Price
$148,500
Premium/Discount to List
-$6,500
-4.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.04%
Original Mortgage
$144,281
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 9, 2004
Sold by
Walker William L and Wallace Howard
Bought by
Welshmer Robert F and Welshmer Margaret A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,920
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2001
Sold by
Georgis Nicholas and Dougherty Constance
Bought by
Walker William L and Wallace Howard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
7.15%
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
Rbj Homes Llc -- None Available
Johnson Bradpon David -- Security Ttl Guarantee Corp
Wiley Frederick W $148,500 None Available
Welshmer Robert F $154,900 --
Walker William L $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Bradpon David $127,500
Previous Owner Wiley Frederick W $144,281
Previous Owner Welshmer Robert F $123,920
Previous Owner Walker William L $85,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/07/2020 02/07/20 Sold $170,000 -5.6% $87 / Sq Ft
01/07/2020 01/07/20 Pending -- -- --
12/31/2019 12/31/19 For Sale $180,000 +21.2% $92 / Sq Ft
05/30/2013 05/30/13 Sold $148,500 -4.2% $81 / Sq Ft View Prior Sale
03/31/2013 03/31/13 Pending -- -- --
01/28/2013 01/28/13 For Sale $155,000 -- $85 / 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 $1,467 $47,000 $10,100 $36,900
2023 $1,274 $47,000 $10,100 $36,900
2022 $1,280 $47,000 $10,100 $36,900
2021 $1,278 $47,000 $10,100 $36,900
2020 $1,286 $47,000 $10,100 $36,900
2019 $2,230 $47,000 $10,100 $36,900
2018 $34 $47,000 $10,100 $36,900
2017 $2,083 $47,000 $10,100 $36,900
2016 $2,083 $47,000 $10,100 $36,900
2015 $1,992 $47,000 $10,100 $36,900
2014 $1,891 $47,000 $10,100 $36,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC492640

Bright MLS

APN: 26-021.40-084