NOT LISTED FOR SALE

Estimated Value: $126,000 - $166,662

3 Beds
1.5 Baths
1,200 Sq Ft
$120/Sq Ft Est. Value

Last Sold January 31, 2017

Last sale price $41,000 $34 Per Sq Ft

Est. 252% increase in value since last sale

Current estimated payment $872/month

85 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Patio
  • Attic
  • Cooling System Mounted In Outer Wall Opening
  • 5-minute walk to Adams Street Courts

About This Home

As of January 2017

INVESTOR ALERT! Add to, or start, your investment portfolio with this turn-key income producing property. This 3-story, 3 bedroom, 1.5 bath property features an open floor plan on the main level, updated kitchen, laundry room, and half bath on the main level. The 2nd level features 3 bedrooms and a full bath, with a loft on the 3rd level that could be used as an additional bedroom. There is also a nice-sized rear yard. This property will produce immediate positive cash flow, as there is currently a long-term Section 8 tenant in place at a monthly rental rate of $1,045. Property sold in "as is" condition. The owner wants this property sold, so bring all offers!

Last Agent to Sell the Property

Renee Spruiel

RE/MAX Associates-Wilmington License #RS-0016953 Listed on: 10/22/2016

RE/MAX Associates-Wilmington

Last Buyer's Agent

Renee Spruiel

RE/MAX Associates-Wilmington License #RS-0016953 Listed on: 10/22/2016

RE/MAX Associates-Wilmington

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1900

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 16x80

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,200 Sq Ft Home
  • Property has 3 Levels
  • Living Room
  • Dining Room
  • Unfinished Basement
  • Partial Basement
  • Dishwasher
  • Laundry on main level
  • Attic

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 1.5 Bathrooms

Outdoor Features

  • Patio

Schools

  • Elbert-Palmer Elementary School
  • Bayard Middle School
  • Newark High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Hedgeville Subdivision

Listing and Financial Details

  • Tax Lot 625
  • Assessor Parcel Number 26-034.30-625

Townhouse Details

Home Type

Townhome

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Washer, Dryer, Tenant's Personal Property
  • Inclusions: Refrigerator, Microwave, Electric Stove
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1900
  • Remarks Public: INVESTOR ALERT! Add to, or start, your investment portfolio with this turn-key income producing property. This 3-story, 3 bedroom, 1.5 bath property features an open floor plan on the main level, updated kitchen, laundry room, and half bath on the main level. The 2nd level features 3 bedrooms and a full bath, with a loft on the 3rd level that could be used as an additional bedroom. There is also a nice-sized rear yard. This property will produce immediate positive cash flow, as there is currently a long-term Section 8 tenant in place at a monthly rental rate of $1,045. Property sold in "as is" condition. The owner wants this property sold, so bring all offers!
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Refrigerator
  • Flooring Type: Fully Carpeted, Vinyl
  • Fireplace: No
  • Entry Location: Living Room
  • Levels Count: 3+
  • Room Count: 7
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Bedroom 1, Attic
  • Basement: Yes
  • Basement Type: Partial, Unfinished
  • Laundry Type: Main Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 1200
  • Living Area Sq Ft: 1200
  • Net Sq Ft: 1200.00
  • Price Per Sq Ft: 41.58
  • Above Grade Finished Sq Ft: 1200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 213

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: CHRISTINA
  • Elementary School: ELBERT-PALMER
  • Middle School: BAYARD
  • High School: NEWARK
  • School District Key: 300200396890
  • Elementary School: ELBERT-PALMER
  • High School: NEWARK
  • Middle Or Junior School: BAYARD

Lot Info

  • Improvement Assessed Value: 26100.00
  • Land Assessed Value: 1800.00
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16X80
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • Outdoor Living Structures: Patio(s)
  • Zoning: 26R-3

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2410508
  • Tax Annual Amount: 1212.00
  • Assessor Parcel Number: 26-034.30-625
  • Tax Lot: 625
  • Tax Year: 2016
  • Close Date: 01/31/2017

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2016
Closed on
Jan 31, 2017
Sold by
Korban Brenda H
Bought by
Cedar Properties Llc
Seller's Agent
Renee Spruiel
RE/MAX Associates-Wilmington
Buyer's Agent
Renee Spruiel
RE/MAX Associates-Wilmington
List Price
$60,000
Sold Price
$41,000
Premium/Discount to List
-$19,000
-31.67%
Current Estimated Value
$144,416

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,416
Avg. Annual Appreciation
15.19%

Purchase Details

Closed on
May 19, 1995
Bought by
Korban Brenda H
Source: Public Records

Range of Values:

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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
Cedar Properties Llc $41,000 None Available
Korban Brenda H $52,800 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2017 01/31/17 Sold $41,000 -17.8% $34 / Sq Ft
01/15/2017 01/15/17 Pending -- -- --
01/04/2017 01/04/17 Price Changed $49,900 -9.3% $42 / Sq Ft
11/17/2016 11/17/16 Price Changed $55,000 -8.3% $46 / Sq Ft
10/22/2016 10/22/16 For Sale $60,000 -- $50 / 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 $1,028 $27,900 $1,800 $26,100
2023 $1,003 $27,900 $1,800 $26,100
2022 $992 $27,900 $1,800 $26,100
2021 $967 $27,900 $1,800 $26,100
2020 $939 $27,900 $1,800 $26,100
2019 $1,373 $27,900 $1,800 $26,100
2018 $802 $27,900 $1,800 $26,100
2017 $778 $27,900 $1,800 $26,100
2016 $40 $27,900 $1,800 $26,100
2015 $1,212 $27,900 $1,800 $26,100
2014 $1,211 $27,900 $1,800 $26,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003957409

Bright MLS

APN: 26-034.30-625