NOT LISTED FOR SALE

218 Cherry St Wilmington, DE 19805

Estimated Value: $97,000 - $137,000

2 Beds
1 Bath
775 Sq Ft
$149/Sq Ft Est. Value

Last Sold May 15, 2020

Last sale price $17,500 $23 Per Sq Ft

Est. 559% increase in value since last sale

Current estimated payment $649/month

6 Days on Market

Highlights

  • Traditional Architecture
  • Living Room
  • 2-minute walk to Adams Street Courts
  • No HOA
  • Hot Water Heating System

About This Home

As of May 2020

2 bedroom, 1 bath ,end unit town home to add to your portfolio or to fix up and make it home. Recent gas heat and updated electric. Close to downtown, I-95 and numerous other city attractions. Located on a one way street. This property does need work done and is being sold in AS-IS condition.

Last Agent to Sell the Property

Stephen Mervine

RE/MAX Associates-Hockessin License #RS323368 Listed on: 04/24/2020

RE/MAX Associates-Hockessin

Last Buyer's Agent

Stephen Mervine

RE/MAX Associates-Hockessin License #RS323368 Listed on: 04/24/2020

RE/MAX Associates-Hockessin

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1890

Lot Details

  • 871 Sq Ft Lot
  • Lot Dimensions are 11.60 x 60.00

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2 Bedrooms
  • 775 Sq Ft Home
  • Property has 2 Levels
  • Living Room
  • Partial Basement

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • 100 Amp Service
  • Municipal Trash

Community Details

  • No Home Owners Association
  • Wilm #22 Subdivision

Listing and Financial Details

  • Tax Lot 024
  • Assessor Parcel Number 26-034.40-024

Townhouse Details

Home Type

Townhome

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: All existing items fixtures and appliances in AS-IS condition
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1890
  • Remarks Public: 2 bedroom, 1 bath ,end unit town home to add to your portfolio or to fix up and make it home. Recent gas heat and updated electric. Close to downtown, I-95 and numerous other city attractions. Located on a one way street. This property does need work done and is being sold in AS-IS condition.
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Levels Count: 2
  • Room List: Living Room, Bedroom 2, Kitchen, Bedroom 1, Bathroom 1
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 775
  • Living Area Sq Ft: 775
  • Price Per Sq Ft: 35.48
  • Above Grade Finished Sq Ft: 775
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 218

Beds/Baths

  • Bedrooms: 2

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
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 6400.00
  • Land Assessed Value: 1500.00
  • Lot Size Acres: 0.02
  • Lot Dimensions: 11.60 x 60.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 871.00
  • Year Assessed: 2019
  • Zoning: 26R-3
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2410667
  • School Tax: 196.00
  • Tax Annual Amount: 364.00
  • Assessor Parcel Number: 26-034.40-024
  • Tax Lot: 024
  • Tax Total Finished Sq Ft: 775
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 05/15/2020

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2023
Sold by
Sepa Invest Llc
Bought by
Sepa Invest Llc
Current Estimated Value
$115,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Outstanding Balance
$81,059
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$28,835

Purchase Details

Closed on
Apr 27, 2023
Sold by
Stevenson Jennelle
Bought by
Sepa Invest Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 24, 2020
Closed on
May 15, 2020
Sold by
Kineti Properties Llc
Bought by
Stevenson Jennelle
Seller's Agent
Stephen Mervine
RE/MAX Associates-Hockessin
Buyer's Agent
Stephen Mervine
RE/MAX Associates-Hockessin
List Price
$27,500
Sold Price
$17,500
Premium/Discount to List
-$10,000
-36.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.53%

Purchase Details

Closed on
Jul 12, 2007
Sold by
R & E Properties Inc
Bought by
Kinetic Properties Llc
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
Sepa Invest Llc -- None Listed On Document
Sepa Invest Llc -- None Listed On Document
Stevenson Jennelle $17,500 None Available
Kinetic Properties Llc $40,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sepa Invest Llc $82,500
Previous Owner Sepa Invest Llc $61,000
Previous Owner Kinetic Properties Llc $52,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2020 05/15/20 Sold $17,500 -36.4% $23 / Sq Ft
04/30/2020 04/30/20 Pending -- -- --
04/24/2020 04/24/20 For Sale $27,500 -- $35 / 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 $247 $7,900 $1,500 $6,400
2023 $214 $7,900 $1,500 $6,400
2022 $382 $7,900 $1,500 $6,400
2021 $215 $7,900 $1,500 $6,400
2020 $216 $7,900 $1,500 $6,400
2019 $375 $7,900 $1,500 $6,400
2018 $998 $7,900 $1,500 $6,400
2017 $350 $7,900 $1,500 $6,400
2016 $350 $7,900 $1,500 $6,400
2015 $335 $7,900 $1,500 $6,400
2014 $318 $7,900 $1,500 $6,400
Source: Public Records

Agents Affiliated with this Home

  • Stephen Mervine

    Seller's Agent in 2020

    Stephen Mervine

    RE/MAX

    (302) 234-3800

    64 Total Sales

    Stephen Mervine
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Map

Source: Bright MLS

MLS Number: DENC500074

Bright MLS

APN: 26-034.40-024

Delaware New Castle County Wilmington 19805

218 Cherry St, Wilmington, DE

This home is located at 218 Cherry St, Wilmington, DE 19805 since 24 April 2020 and is currently estimated at $115,323, approximately $148 per square foot. This property was built in 1890. 218 Cherry St is a home located in New Castle County with nearby schools including Lewis (William C.) Dual Language Elementary School, Skyline Middle School, and Alexis I. du Pont High School.

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