NOT LISTED FOR SALE

2203 W Newport Pike Wilmington, DE 19804

Estimated Value: $209,000 - $421,201

4 Beds
2.5 Baths
4,325 Sq Ft
$68/Sq Ft Est. Value

Last Sold April 26, 2019

Last sale price $175,000 $40 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $1,759/month

15 Days on Market

Highlights

  • 1.32 Acre Lot
  • Wood Flooring
  • 6 Car Detached Garage
  • Colonial Architecture
  • No HOA
  • Hot Water Heating System

About This Home

As of April 2019

Excellent opportunity for the savvy home purchaser to acquire this extra large and expanded stone colonial on over an acre of gently sloping land with 6 car detached garage. The improvements have fallen on hard times over the years and has become a significant project that is not for the faint of heart. Only the most experienced with excessive resources should consider this property. Due to condition, cash should be the preferred method of payment with the outside possibility of some sort of creative financing. FHA will not be an acceptable funding solution unfortunately, not even a 203K. Property must remain on the market for five (5) days prior to Seller negotiating offers. Purchasers are to provide proof of funds or unconditional funding solutions for Seller to consider. Buyers must also provide a written statement with exquisite detail pertaining to Buyers intentions with the property should their offer be accepted as well as be prepared to follow through on those intentions. There will be no Transfer Tax associated with the closing of this transaction for Buyer. Buyers and Agents who choose to enter the premises do so at their own risk. Neither Seller nor Sellers Broker will be liable for those that choose to enter. Roll up your sleeves, knock the dust off your imagination, and take a close look at this opportunity and bring us an offer!

Last Agent to Sell the Property

Joseph Hurley

(302) 740-5524 jphurley27@gmail.com Pantano Real Estate Inc License #RS-0018346 Listed on: 03/20/2019

Last Buyer's Agent

Joseph Hurley

(302) 740-5524 jphurley27@gmail.com Pantano Real Estate Inc License #RS-0018346 Listed on: 03/20/2019

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1812

Lot Details

  • 1.32 Acre Lot
  • Lot Dimensions are 222x259
  • Property is in below average condition
  • Property is zoned NC5

Parking

  • 6 Car Detached Garage
  • Front Facing Garage
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Fixer Upper
  • Plaster Walls
  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Stone Siding
  • Stick Built Home
  • Masonry

Interior Spaces

  • 4,325 Sq Ft Home
  • Property has 3 Levels

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms

Partially Finished Basement

  • Walk-Out Basement
  • Interior and Exterior Basement Entry

Utilities

  • Radiator
  • Hot Water Heating System
  • 150 Amp Service
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 08-051.10-035

Home Details

Home Type

Single Family

Year Built

Built in 1812

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: As Shown
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1812
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Carpet, Hardwood, Laminated, Vinyl, Wood
  • Wall Ceiling Types: Dry Wall, Plaster Walls
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Walkout Level, Interior Access, Outside Entrance, Partially Finished
  • Total Sq Ft: 4325
  • Living Area Sq Ft: 4325
  • Price Per Sq Ft: 31.21
  • Above Grade Finished Sq Ft: 4325
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stone, Stick Built, Mixed Plumbing, Masonry, Frame, Concrete, Block
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 6.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Number Of Detached Garage Spaces: 6
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Detached Garage, Driveway, Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 150 Amps
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water, Radiator
  • 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
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 86900.00
  • Land Assessed Value: 18500.00
  • Lot Size Acres: 1.32
  • Lot Dimensions: 222x259
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 57498.00
  • Property Condition: Below Average, Major Rehab Needed
  • Zoning: NC5
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 2290053
  • Tax Annual Amount: 3955.46
  • Assessor Parcel Number: 08-051.10-035
  • Tax Year: 2018

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 4, 2024
Sold by
Vrns Ii Llc
Bought by
Bale Development Company
Current Estimated Value
$292,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Outstanding Balance
$144,045
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$150,505

Purchase Details

Listed on
Mar 20, 2019
Closed on
Apr 25, 2019
Sold by
New Castle County
Bought by
Vrns Ii Llc
Seller's Agent
Joseph Hurley
Pantano Real Estate Inc
Buyer's Agent
Joseph Hurley
Pantano Real Estate Inc
List Price
$135,000
Sold Price
$175,000
Premium/Discount to List
$40,000
29.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.17%

Purchase Details

Listed on
Mar 20, 2019
Closed on
Apr 3, 2019
Sold by
Estate Of Richard W Franklin
Bought by
New Castle County
Seller's Agent
Joseph Hurley
Pantano Real Estate Inc
Buyer's Agent
Joseph Hurley
Pantano Real Estate Inc
List Price
$135,000
Sold Price
$175,000
Premium/Discount to List
$40,000
29.63%

Purchase Details

Closed on
Aug 1, 1983
Bought by
Franklin Richard W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bale Development Company $212,500 None Listed On Document
Vrns Ii Llc -- None Available
New Castle County $61,000 None Available
Franklin Richard W $99,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bale Development Company $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2019 04/26/19 Sold $175,000 0.0% $40 / Sq Ft
04/04/2019 04/04/19 Pending -- -- --
04/02/2019 04/02/19 Off Market $175,000 -- --
03/20/2019 03/20/19 For Sale $135,000 -- $31 / 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 $2,728 $19,200 $19,200 $0
2023 $645 $19,200 $19,200 $0
2022 $1,649 $19,200 $19,200 $0
2021 $3,388 $100,300 $19,200 $81,100
2020 $3,496 $100,300 $19,200 $81,100
2019 $4,424 $100,300 $19,200 $81,100
2018 $50 $105,400 $18,500 $86,900
2017 $5,310 $105,400 $18,500 $86,900
2016 $5,310 $107,100 $18,500 $88,600
2015 $3,511 $107,100 $18,500 $88,600
2014 $3,483 $107,100 $18,500 $88,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC418382

Bright MLS

APN: 08-051.10-035