NOT LISTED FOR SALE

26 Deen St New Castle, DE 19720

Estimated Value: $265,000 - $308,000

-- Bed
2 Baths
1,950 Sq Ft
$150/Sq Ft Est. Value

Last Sold March 12, 2021

Last sale price $215,000 $110 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,703/month

Highlights

  • Traditional Architecture
  • Level Entry For Accessibility
  • Heat Pump System
  • No HOA
  • Central Air

About This Home

As of March 2021

INVESTOR ALERT! Solid brick construction, well-performing two apartment building - 2BR / 1 BA each. - New Castle, DE Near major roadways and major shopping areas. Second unit in from Wilton Blvd. Walking distance to Walmart and on bus route. Easy Maintenance: Maintenance fee included in operating income includes trash dumpster / trash collection, trash cleanup throughout community, security cameras, two parking spots, maintenance of parking lot. Washer & dryer in each unit. Independent HVAC systems and hot water heater in each unit. 100% occupied with long term tenants. Updates: Newer windows, new kitchen and new air handler in upper unit. Present rents under market. Month to month leases. Value add potential to raise rents. Net Operating Income $15,051. Exterior construction: Solid brick Foundation: Slab Roof: Pitched shingle HVAC: Central Air Interior: Sheet rock Interior size: 1,950 SF Basement: None to worry about. Built: 1985 Section 8 approved - one long term Section 8 tenant in place.

Last Agent to Sell the Property

Yasmin Bowman

(302) 438-8667 yasmin@bowmanrealestatellc.com Berkshire Hathaway HomeServices PenFed Realty License #RA-0020276 Listed on: 01/31/2021

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Brittany Proctor

(202) 630-2228 brittanyproctor@remax.net RE/MAX Associates-Hockessin License #647966

RE/MAX Associates-Hockessin

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,915

Year Built

  • Built in 1985

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 27.00 x 152.70
  • Property is in good condition

Parking

  • Driveway

Home Design

  • 1,950 Sq Ft Home
  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction

Accessible Home Design

  • Level Entry For Accessibility

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for water, sewer, insurance, real estate taxes, association fees
  • Tax Lot 392
  • Assessor Parcel Number 10-029.40-392

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 2-Story Building
  • Hampton Green II Subdivision

Building Details

  • Operating Expense $4,329
  • Gross Income $19,380
  • Net Operating Income $15,051

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,915

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Architectural Style: Traditional
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2021-02-03
  • Year Built: 1985
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: No
  • Total Sq Ft: 1950
  • Living Area Sq Ft: 1950
  • Price Per Sq Ft: 102.05
  • Above Grade Finished Sq Ft: 1950
  • Above Grade Finished Area Units: Square Feet

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
  • Parking Features: Asphalt Driveway
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 51800.00
  • Land Assessed Value: 8200.00
  • Lot Size Acres: 0.09
  • Lot Dimensions: 27.00 x 152.70
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3920.00
  • Property Condition: Good
  • Zoning: NCTH
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month, Long Term
  • Number Of Units Month To Month: 2
  • Owner Pays: Water, Sewer, Insurance, Taxes - Real Estate, Association Fees
  • Total Actual Rent: 19380.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2319669
  • School Tax: 1418.00
  • Tax Annual Amount: 1915.00
  • Assessor Parcel Number: 10-029.40-392
  • Tax Lot: 392
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Gross Scheduled Income: 19380.00
  • Operating Expense: 4328.70
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: COLONIAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2021
Closed on
Mar 12, 2021
Sold by
Ley Elisa A
Bought by
Brown Romayne
Seller's Agent
Yasmin Bowman
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Brittany Proctor
RE/MAX Associates-Hockessin
List Price
$199,000
Sold Price
$215,000
Premium/Discount to List
$16,000
8.04%
Current Estimated Value
$291,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,553
Avg. Annual Appreciation
6.80%
Original Mortgage
$211,105
Outstanding Balance
$189,241
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$102,312

Purchase Details

Closed on
Dec 27, 2010
Sold by
Ley Elisa A
Bought by
26 Ley L L C

Purchase Details

Closed on
May 4, 2001
Sold by
Ley John Randall and Ley Elisa A
Bought by
Ley Elisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
6.85%
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
Brown Romayne $215,000 None Listed On Document
26 Ley L L C -- None Available
Ley Elisa A -- --
Ley John Randall -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Romayne $211,105
Previous Owner Ley John Randall $68,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2021 03/12/21 Sold $215,000 +8.0% $110 / Sq Ft
02/05/2021 02/05/21 Pending -- -- --
01/31/2021 01/31/21 For Sale $199,000 -- $102 / 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 $2,083 $60,000 $8,200 $51,800
2023 $1,897 $60,000 $8,200 $51,800
2022 $1,973 $60,000 $8,200 $51,800
2021 $1,971 $60,000 $8,200 $51,800
2020 $1,978 $60,000 $8,200 $51,800
2019 $2,309 $60,000 $8,200 $51,800
2018 $390 $60,000 $8,200 $51,800
2017 $1,624 $60,000 $8,200 $51,800
2016 $1,624 $60,000 $8,200 $51,800
2015 $1,626 $60,000 $8,200 $51,800
2014 $1,629 $60,000 $8,200 $51,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC520344

Bright MLS

APN: 10-029.40-392