$165,000
SOLD JUN 27, 2024
3 Beds
1.5 Baths
1,450 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$114 Per Sq Ft

8% Below List Price

51 Days on Market

Highlights

  • Traditional Architecture
  • Level Entry For Accessibility
  • Ceiling Fan
  • No HOA
  • 90% Forced Air Heating System

About This Home

As of June 2024

Great Investment opportunity at a very affordable price, a rare single-family house in the city of Wilmington on a corner lot, 3 Bedrooms, 1.5 bathrooms. Spacious living room and nice Dining space, with large backyard. Ideal starter home or your first rental property for new or savvy Real Estate Investors, easy to manage and maintain property. Currently, tenant occupied, an excellent long term tenant on month-to-month lease with excellent payment history and willing to stay, if that works for the new buyers. Tenant pays $1525/Month and all the utilities.
Please, check agent`s private remarks. *Previous contract fell through due to buyer`s financing, **Photos are taken before renting the property.

Last Agent to Sell the Property

Bob Hamour

Realty Mark Associates-Newark License #0025777 Listed on: 02/20/2024

Last Buyer's Agent

Bob Hamour

Realty Mark Associates-Newark License #0025777 Listed on: 02/20/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,272

Year Built

  • Built in 1925 | Remodeled in 2019

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 16.00 x 100.00
  • Property is zoned 26R-3

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Rubber Roof

Interior Spaces

  • 1,450 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan
  • Laminate Flooring
  • Unfinished Basement
  • Sump Pump
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven or Range
  • Range Hood
  • <<microwave>>

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • On-Street Parking
  • Off-Street Parking

Accessible Home Design

  • Level Entry For Accessibility

Utilities

  • Window Unit Cooling System
  • 90% Forced Air Heating System
  • Electric Water Heater
  • No Septic System

Community Details

  • No Home Owners Association
  • Baynard Village Subdivision

Listing and Financial Details

  • Tax Lot 126
  • Assessor Parcel Number 26-015.40-126

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,272

Year Built

Built in 1925 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Exclusions: Washer, Dryer, Furniture and tenant personal property
  • Inclusions: Microwave, range, refrigerator
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2024-02-20
  • Federal Flood Zone: No
  • Year Built: 1925
  • Year Renovated: 2019
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Great Investment opportunity at a very affordable price, a rare single-family house in the city of Wilmington on a corner lot, 3 Bedrooms, 1.5 bathrooms. Spacious living room and nice Dining space, with large backyard. Ideal starter home or your first rental property for new or savvy Real Estate Investors, easy to manage and maintain property. Currently, tenant occupied, an excellent long term tenant on month-to-month lease with excellent payment history and willing to stay, if that works for the new buyers. Tenant pays $1525/Month and all the utilities. Please, check agent`s private remarks. *Previous contract fell through due to buyer`s financing, **Photos are taken before renting the property.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Oven/Range - Electric, Range Hood, Refrigerator
  • Flooring Type: Laminated
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Stone
  • Levels Count: 3
  • Room Count: 3
  • Room List: Basement, Half Bath
  • Basement: Yes
  • Basement Type: Sump Pump, Unfinished
  • Laundry Type: Hookup
  • Total Sq Ft: 1450
  • Living Area Sq Ft: 1450
  • Price Per Sq Ft: 116.55
  • Above Grade Finished Sq Ft: 1450
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2901

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Rubber
  • 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: Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: No Septic System
  • Utilities: Electric Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Horses: No
  • Lot Size Acres: 0.04
  • Lot Dimensions: 16.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Year Assessed: 2022
  • Zoning: 26R-3
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • School Tax: 686.00
  • Tax Annual Amount: 1272.00
  • Assessor Parcel Number: 26-015.40-126
  • Tax Lot: 126
  • Tax Total Finished Sq Ft: 1450
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 06/27/2024

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2024
Closed on
Jun 27, 2024
Sold by
Dadarsefat Ahmad
Bought by
Mcdonald Shawn D
Seller's Agent
Bob Hamour
Realty Mark Associates-Newark
Buyer's Agent
Bob Hamour
Realty Mark Associates-Newark
List Price
$179,000
Sold Price
$165,000
Premium/Discount to List
-$14,000
-7.82%
Views
552
Current Estimated Value
$180,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,116
Avg. Annual Appreciation
8.88%
Original Mortgage
$156,750
Outstanding Balance
$155,552
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$24,564

Purchase Details

Listed on
Aug 17, 2019
Closed on
Oct 31, 2019
Sold by
Roy Bithin
Bought by
Dadarsefat Ahmad
Seller's Agent
Bob Hamour
Realty Mark Associates-Newark
Buyer's Agent
Bob Hamour
Realty Mark Associates-Newark
List Price
$99,900
Sold Price
$96,900
Premium/Discount to List
-$3,000
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.10%
Original Mortgage
$88,736
Interest Rate
3.6%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 26, 2018
Closed on
Apr 2, 2019
Sold by
Mercadante Jennife Rj
Bought by
Roy Bithin
Seller's Agent
Peter Meyer
Meyer & Meyer Realty
Buyer's Agent
John Salerno
Meyer & Meyer Realty
List Price
$59,000
Sold Price
$47,000
Premium/Discount to List
-$12,000
-20.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
199.30%

Purchase Details

Closed on
May 12, 2016
Sold by
Tatnall Group L L C
Bought by
Mercadante Jennifer J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
3.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2010
Sold by
Ini Abraham and Younger Avital N
Bought by
Zuzu Enterprises L L C

Purchase Details

Closed on
Dec 28, 2010
Sold by
Zuzu Enterprises L L C
Bought by
The Tatnall Group L L C
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Deed -- None Available
Deed -- None Available
Deed $50,000 Attorney
Deed -- None Available
Deed -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $156,750 New Conventional
Previous Owner $88,736 FHA
Previous Owner $45,000 Purchase Money Mortgage
Previous Owner $1,400,000 Commercial
Previous Owner $300,000 Unknown
Previous Owner $300,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2024 06/27/24 Sold $165,000 -2.4% $114 / Sq Ft
03/26/2024 03/26/24 Price Changed $169,000 -5.6% $117 / Sq Ft
02/20/2024 02/20/24 For Sale $179,000 +84.7% $123 / Sq Ft
10/31/2019 10/31/19 Sold $96,900 0.0% $67 / Sq Ft
09/18/2019 09/18/19 Price Changed $96,900 -3.0% $67 / Sq Ft
08/17/2019 08/17/19 For Sale $99,900 +112.6% $69 / Sq Ft
03/04/2019 03/04/19 Sold $47,000 -20.3% $32 / Sq Ft
02/11/2019 02/11/19 For Sale $59,000 +25.5% $41 / Sq Ft
01/31/2019 01/31/19 Off Market $47,000 -- --
10/26/2018 10/26/18 For Sale $59,000 -- $41 / 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 $867 $27,800 $3,800 $24,000
2023 $754 $27,800 $3,800 $24,000
2022 $757 $27,800 $3,800 $24,000
2021 $756 $27,800 $3,800 $24,000
2020 $760 $27,800 $3,800 $24,000
2019 $1,319 $27,800 $3,800 $24,000
2018 $419 $27,800 $3,800 $24,000
2017 $1,232 $27,800 $3,800 $24,000
2016 $1,232 $27,800 $3,800 $24,000
2015 $1,178 $27,800 $3,800 $24,000
2014 $1,118 $27,800 $3,800 $24,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2056534

Bright MLS

APN: 26-015.40-126