NOT LISTED FOR SALE

Estimated Value: $190,000 - $241,000

-- Bed
2 Baths
1,650 Sq Ft
$133/Sq Ft Est. Value

Last Sold July 28, 2023

Last sale price $170,000 $103 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,281/month

9 Days on Market

Highlights

  • Traditional Floor Plan
  • Porch
  • Ceramic Tile Flooring
  • Balcony
  • Bathtub with Shower
  • Hot Water Heating System

About This Home

As of July 2023

Welcome to the lower Ninth Ward! Conveniently located on the North side of the City of Wilmington. Walking distance to places of worship, educational facilities, Mom & Pop shops, plus moments to mass transit, interstate highways, and more! This twin structure offers two units. First floor is a neat and clean, one bedroom with one full bath. Fresh paint, carpet, flooring in the bathroom with tile tub surround, and tile floor in the kitchen leading to breezeway to your fenced in rear yard. Second level is a two bedroom, one full bath with private second floor balcony overlooking the fenced in rear yard. All utilities are split except for water. Two gas fired boilers push hot water through a radiator system. Two electric hot water tanks provide the conditioned H20. Three electric panels, one for each unit plus common area. The building has been upgraded over the time spent under the current owners tutelage. Excellent opportunity to add this property to your existing, cash flowing portfolio, or possibly occupy one unit and let the other subsidize your debt service. Turn key and ready to go!

Last Agent to Sell the Property

Joseph Hurley

(302) 740-5524 jphurley27@gmail.com Pantano Real Estate Inc License #RS-0018346 Listed on: 06/13/2023

Last Buyer's Agent

Shane Pezick

(302) 354-7121 shanepezick@gmail.com RE/MAX Associates-Wilmington

RE/MAX Associates-Wilmington

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,557

Year Built

  • Built in 1913 | Remodeled in 2023

Lot Details

  • 1,742 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Plaster Walls

Interior Spaces

  • Bathtub with Shower
  • 1,650 Sq Ft Home
  • Traditional Floor Plan
  • Replacement Windows

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Porch

Utilities

  • Hot Water Heating System
  • 100 Amp Service
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for sewer, water, common area maintenance, insurance
  • Tax Lot 148
  • Assessor Parcel Number 26-022.10-148

Community Details

Overview

  • 2 Units
  • Wilm #03 Subdivision

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,557

Year Built

Built in 1913 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Exclusions: Tenant Personal Property
  • Historic: No
  • Inclusions: As Shown
  • New Construction: No
  • Year Built: 1913
  • Year Renovated: 2023
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: NewHome
  • Stories: 0

Interior Features

  • Flooring Type: Vinyl, Ceramic Tile, Carpet, Laminate Plank
  • Interior Amenities: Carpet, Floor Plan - Traditional, Tub Shower
  • Window Features: Replacement
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall, Plaster Walls
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Unfinished
  • Total Sq Ft: 1650
  • Living Area Sq Ft: 1650
  • Price Per Sq Ft: 100.00
  • Above Grade Finished Sq Ft: 1650
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights, Exterior Lighting
  • Roof: Flat
  • 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: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Outdoor Living Structures: Balcony, Porch(es)
  • Property Condition: Good
  • Zoning: 26R-3
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Sewer, Water, Common Area Maintenance, Insurance
  • Rent Control: No
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • School Tax: 840.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1557.00
  • Assessor Parcel Number: 26-022.10-148
  • Tax Lot: 148
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Number Of Units Vacant: 1
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2023
Closed on
Jul 27, 2023
Sold by
3 Js R E Llc
Bought by
Jjpi Homes Llc
Seller's Agent
Joseph Hurley
Pantano Real Estate Inc
Buyer's Agent
Shane Pezick
RE/MAX Associates-Wilmington
List Price
$165,000
Sold Price
$170,000
Premium/Discount to List
$5,000
3.03%
Views
107
Current Estimated Value
$227,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,411
Avg. Annual Appreciation
11.57%
Original Mortgage
$159,500
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 24, 2016
Closed on
Jun 21, 2018
Sold by
Mcleen Properties Llc
Bought by
J S Re Llc
Seller's Agent
Joseph Hurley
Pantano Real Estate Inc
Buyer's Agent
Joseph Hurley
Pantano Real Estate Inc
List Price
$79,900
Sold Price
$53,000
Premium/Discount to List
-$26,900
-33.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.68%

Purchase Details

Closed on
May 10, 2010
Sold by
Aurora Loan Services Llc
Bought by
Mcleen Properties Llc

Purchase Details

Closed on
Apr 18, 2006
Sold by
Sims Paula M
Bought by
Leconte Joseph and Leconte Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,100
Interest Rate
6.34%
Mortgage Type
Stand Alone Second
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
Jjpi Homes Llc -- None Listed On Document
J S Re Llc $53,000 None Available
Mcleen Properties Llc $40,500 None Available
Leconte Joseph $89,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Jjpi Homes Llc $159,500
Previous Owner Leconte Joseph $25,100
Previous Owner Leconte Joseph $64,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/28/2023 07/28/23 Sold $170,000 +3.0% $103 / Sq Ft
06/13/2023 06/13/23 For Sale $165,000 +211.3% $100 / Sq Ft
06/22/2018 06/22/18 Sold $53,000 -33.7% $32 / Sq Ft View Prior Sale
05/17/2018 05/17/18 Pending -- -- --
03/31/2018 03/31/18 For Sale $79,900 +50.8% $48 / Sq Ft
03/31/2018 03/31/18 Off Market $53,000 -- --
05/24/2016 05/24/16 For Sale $79,900 -- $48 / 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 $1,061 $34,000 $3,800 $30,200
2023 $922 $34,000 $3,800 $30,200
2022 $926 $34,000 $3,800 $30,200
2021 $480 $34,000 $3,800 $30,200
2020 $480 $34,000 $3,800 $30,200
2019 $933 $34,000 $3,800 $30,200
2018 $926 $34,000 $3,800 $30,200
2017 $924 $34,000 $3,800 $30,200
2016 $876 $34,000 $3,800 $30,200
2015 $1,441 $34,000 $3,800 $30,200
2014 $1,368 $34,000 $3,800 $30,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2044366

Bright MLS

APN: 26-022.10-148