NOT LISTED FOR SALE

Estimated Value: $90,000 - $170,000

3 Beds
1 Bath
1,025 Sq Ft
$135/Sq Ft Est. Value

Last Sold January 08, 2020

Last sale price $50,000 $49 Per Sq Ft

Est. 176% increase in value since last sale

Current estimated payment $824/month

282 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • 1 Attached Carport Space
  • Concord High School Rated A-
  • Eat-In Kitchen
  • 5-minute walk to Brown/Burton/Winchester Park

About This Home

As of January 2020

INVESTOR ALERT! Don't miss your opportunity to own this great rental investment property in Wilmington. Currently leased for $980/month, this 3 bedroom, 1 bathroom home practically pays for itself! Featuring an inviting all-brick front porch and exterior as well as a 1 car carport in the back for off-street parking, this home is perfect for anyone looking for a rental property that practically rents itself! Close to major routes including 95, 495, 202 and 13, this opportunity won't last long! Book your tour today!

Last Listed By

Jeff Stape

Compass License #RB0001709 Listed on: 01/07/2019

Compass

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1943

Lot Details

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

Home Design

  • Colonial Architecture
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 1,025 Sq Ft Home
  • Property has 2 Levels
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

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

Parking

  • 1 Parking Space
  • 1 Attached Carport Space
  • On-Street Parking

Utilities

  • Cooling System Utilizes Natural Gas
  • Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Wilmington Subdivision

Listing and Financial Details

  • Assessor Parcel Number 26-030.10-175

Townhouse Details

Home Type

Townhome

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1943
  • Remarks Public: INVESTOR ALERT! Don't miss your opportunity to own this great rental investment property in Wilmington. Currently leased for $980/month, this 3 bedroom, 1 bathroom home practically pays for itself! Featuring an inviting all-brick front porch and exterior as well as a 1 car carport in the back for off-street parking, this home is perfect for anyone looking for a rental property that practically rents itself! Close to major routes including 95, 495, 202 and 13, this opportunity won't last long! Book your tour today!
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Kitchen - Eat-In
  • Levels Count: 2
  • Room Count: 6
  • Basement: Yes
  • Basement Type: Full, Outside Entrance
  • Living Area Units: Square Feet
  • Total Sq Ft: 1025
  • Living Area Sq Ft: 1025
  • Price Per Sq Ft: 56.10
  • Above Grade Finished Sq Ft: 1025
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2511

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Carport Spaces: 1
  • Garage: No
  • Attached Carport Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Carport, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Natural Gas
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: 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: RED CLAY CONSOLIDATED
  • School District Key: 300200396545
  • School District Source: Listing Agent

Lot Info

  • Land Assessed Value: 2400.00
  • Land Lease: No
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16X80
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • Year Assessed: 2018
  • Zoning: 26R-3
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Total Actual Rent: 11820.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2407224
  • Tax Annual Amount: 900.00
  • Assessor Parcel Number: 26-030.10-175
  • Tax Year: 2018
  • Close Date: 01/08/2020

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2019
Closed on
Nov 29, 2019
Sold by
Bzre Llc
Bought by
King Nicholas and King Sherie
Seller's Agent
Jeff Stape
Compass
Buyer's Agent
Kanokporn Covey
Coldwell Banker Realty
List Price
$65,000
Sold Price
$50,000
Premium/Discount to List
-$15,000
-23.08%
Total Days on Market
282
Current Estimated Value
$138,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,210
Avg. Annual Appreciation
20.98%
Original Mortgage
$42,500
Outstanding Balance
$37,870
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$101,406

Purchase Details

Closed on
Oct 17, 2008
Sold by
Renovation Station Group Llc
Bought by
Bzre Llc

Purchase Details

Closed on
Oct 15, 2008
Sold by
Federal National Mortgage Association
Bought by
Renovation Station Group Llc

Purchase Details

Closed on
Sep 26, 2008
Sold by
Coleman Clifton I and Mortgage Electronic Registrati
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 30, 2007
Sold by
Manlove Jamaar
Bought by
Coleman Clifton I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 2005
Sold by
Bratten Brian E and Estate Of Sylvia G Bratten
Bought by
Manlove Jamaar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
6.15%
Mortgage Type
Fannie Mae Freddie Mac

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
King Nicholas -- None Available
Bzre Llc -- None Available
Renovation Station Group Llc $50,000 None Available
Federal National Mortgage Association $121,500 None Available
Coleman Clifton I $120,000 First American Title Ins Co
Manlove Jamaar $65,000 Global Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open King Nicholas $42,500
Previous Owner Bzre Llc $74,250
Previous Owner Coleman Clifton I $120,000
Previous Owner Manlove Jamaar $58,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2020 01/08/20 Sold $50,000 -13.0% $49 / Sq Ft
10/16/2019 10/16/19 Pending -- -- --
08/09/2019 08/09/19 Price Changed $57,500 -4.0% $56 / Sq Ft
06/26/2019 06/26/19 Price Changed $59,900 -7.8% $58 / Sq Ft
04/04/2019 04/04/19 For Sale $65,000 0.0% $63 / Sq Ft
03/30/2019 03/30/19 Pending -- -- --
01/07/2019 01/07/19 For Sale $65,000 -- $63 / 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 $611 $18,900 $2,400 $16,500
2023 $554 $18,900 $2,400 $16,500
2022 $560 $18,900 $2,400 $16,500
2021 $560 $18,900 $2,400 $16,500
2020 $561 $18,900 $2,400 $16,500
2019 $377 $18,900 $2,400 $16,500
2018 $519 $18,900 $2,400 $16,500
2017 $888 $18,900 $2,400 $16,500
2016 $888 $18,900 $2,400 $16,500
2015 $839 $18,900 $2,400 $16,500
2014 $838 $18,900 $2,400 $16,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC317286

Bright MLS

APN: 26-030.10-175