NOT LISTED FOR SALE

2117&2119 Lovers Ln Wilmington, DE 19810

Estimated Value: $419,000 - $551,000

2 Beds
2 Baths
1,400 Sq Ft
$344/Sq Ft Est. Value

Last Sold April 05, 2022

Last sale price $463,000 $331 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,837/month

36 Days on Market

Highlights

  • Additional Residence on Property
  • Clubhouse
  • Corner Lot
  • Cape Cod Architecture
  • 2 Fireplaces
  • No HOA

About This Home

As of April 2022

Welcome to 2117 & 2119 Lovers Lane where you can find this RARE OPPORTUNITY to have part of your mortgage paid by income from the smaller, 3 bedroom, tenant-occupied home included on this lot! If you are interested in the wonderfully creative community of ARDEN, then here is a chance to own two homes on one parcel and live in the larger home at 2117 LOVERS LANE while the rental income from the home at 2119 buffers your expenses.

2117, the larger home, has a wood burning fireplace in the living room, a light filled sunroom, a large kitchen, formal dining room and the convenience of a main floor bedroom and full bathroom. Upstairs, you will find a grand space with dressing area and full bathroom for the upper main bedroom. The basement still has an oil tank which is not used but there is a door to exit from the basement so you can easily have it removed. The updated heater is gas.

2119 Lovers Lane, the smaller home, is leased to a wonderful long term tenant. It has hardwood flooring through most of the home and has a fireplace in the living room. The kitchen floor is updated. Two bedrooms and one full bathroom are on the entry level. There is an additional bedroom upstairs. The basement is the footprint of that home. There is a 3D tour available to see both homes. Appointments to see 2119 Lovers Lane are by a separate appointment to be arranged after seeing 2117.

The larger home at 2117 was built somewhere between 1939 and 1941 and 2119 was built around 1941 according to the records held by the Trustees of Arden. (Property taxes are paid out of the yearly land lease amount.) The Arden land leases are 99 years, inheritable and extendable so a mortgage is an option. The land lease is the amount of property taxes plus village services which include trash & recycling. There are social activities, cultural resources, gilds you can join and a community pool with a nominal membership fee.

Last Agent to Sell the Property

Angela Ferguson

RE/MAX Associates-Hockessin License #RS-0021927 Listed on: 01/15/2022

RE/MAX Associates-Hockessin

Last Buyer's Agent

Marko Laasonen

Meyer & Meyer Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,553

Year Built

  • Built in 1941

Lot Details

  • 0.3 Acre Lot
  • Corner Lot
  • Land Lease of $3,695 per year expires in 99 years
  • Property is zoned NC10

Parking

  • Driveway

Home Design

  • Cape Cod Architecture
  • Block Foundation
  • Poured Concrete
  • Frame Construction

Interior Spaces

  • 1,400 Sq Ft Home
  • Property has 2 Levels
  • Beamed Ceilings
  • 2 Fireplaces
  • Breakfast Area or Nook

Bedrooms and Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Sump Pump
  • Shelving
  • Laundry in Basement

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Natural Gas Water Heater

Additional Features

  • Tenant House
  • Additional Residence on Property

Listing and Financial Details

  • Tax Lot 568
  • Assessor Parcel Number 16-004.00-568

Community Details

Overview

  • No Home Owners Association
  • Association fees include trash
  • Arden Subdivision

Amenities

  • Clubhouse

Recreation

  • Pool Membership Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,553

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Land Lease
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1941
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to 2117 & 2119 Lovers Lane where you can find this RARE OPPORTUNITY to have part of your mortgage paid by income from the smaller, 3 bedroom, tenant-occupied home included on this lot! If you are interested in the wonderfully creative community of ARDEN, then here is a chance to own two homes on one parcel and live in the larger home at 2117 LOVERS LANE while the rental income from the home at 2119 buffers your expenses. 2117, the larger home, has a wood burning fireplace in the living room, a light filled sunroom, a large kitchen, formal dining room and the convenience of a main floor bedroom and full bathroom. Upstairs, you will find a grand space with dressing area and full bathroom for the upper main bedroom. The basement still has an oil tank which is not used but there is a door to exit from the basement so you can easily have it removed. The updated heater is gas. 2119 Lovers Lane, the smaller home, is leased to a wonderful long term tenant. It has hardwood flooring through most of the home and has a fireplace in the living room. The kitchen floor is updated. Two bedrooms and one full bathroom are on the entry level. There is an additional bedroom upstairs. The basement is the footprint of that home. There is a 3D tour available to see both homes. Appointments to see 2119 Lovers Lane are by a separate appointment to be arranged after seeing 2117. The larger home at 2117 was built somewhere between 1939 and 1941 and 2119 was built around 1941 according to the records held by the Trustees of Arden. (Property taxes are paid out of the yearly land lease amount.) The Arden land leases are 99 years, inheritable and extendable so a mortgage is an option. The land lease is the amount of property taxes plus village services which include trash & recycling. There are social activities, cultural resources, gilds you can join and a community pool with a nominal membership fee.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Area, Exposed Beams
  • Fireplaces Count: 2
  • Foundation Details: Block
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Full, Interior Access, Outside Entrance, Poured Concrete, Rear Entrance, Shelving, Unfinished, Sump Pump
  • Basement Footprint Percent: 100.00
  • Laundry Type: Basement
  • Total Sq Ft: 1400
  • Living Area Sq Ft: 1400
  • Price Per Sq Ft: 346.43
  • Above Grade Finished Sq Ft: 1400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2117&2119

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: 2nd House, Tenant House
  • Construction Materials: Frame
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas, Central
  • Heating Type: Central, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pool Mem Avail, Club House
  • HOA Condo Co-Op Fee Includes: Trash
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: BRANDYWINE
  • School District Key: 300200396892
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 68300.00
  • Land Lease Amount: 3695.05
  • Land Lease Amt Freq: Annually
  • Land Lease Years Remaining: 99
  • Lot Features: Corner
  • Lot Size Acres: 0.30
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13068.00
  • Year Assessed: 2021
  • Zoning: NC10
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 18000.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2366762
  • Assessor Parcel Number: 16-004.00-568
  • Tax Lot: 568
  • Tax Total Finished Sq Ft: 1400
  • Tax Year: 2021
  • Close Date: 04/05/2022

MLS Schools

  • School District Name: BRANDYWINE

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Grimaldi John G $277,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2022 04/05/22 Sold $463,000 -4.5% $331 / Sq Ft
02/20/2022 02/20/22 Pending -- -- --
01/15/2022 01/15/22 For Sale $485,000 -- $346 / 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 $2,553 $68,300 $0 $68,300
2023 $2,331 $68,300 $0 $68,300
2022 $2,366 $68,300 $0 $68,300
2021 $2,375 $68,300 $0 $68,300
2020 $2,377 $68,300 $0 $68,300
2019 $823 $68,300 $0 $68,300
2018 $608 $68,300 $0 $68,300
2017 -- $68,300 $0 $68,300
2016 -- $68,300 $0 $68,300
2015 -- $68,300 $0 $68,300
2014 -- $68,300 $0 $68,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DENC2011610

Bright MLS

APN: 16-004.00-568