NOT LISTED FOR SALE

Estimated Value: $86,073

-- Bed
-- Bath
-- Sq Ft
1,307 Sq Ft Lot

Last Sold May 29, 2014

Last sale price $44,500

Est. 93% increase in value since last sale

Current estimated payment $536/month

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • 3-minute walk to Tatnall Playground/One Love Park
  • Brandywine High School Rated 9+
  • Hot Water Heating System

About This Home

As of May 2014

BANK APPROVED LIST PRICE FOR SHORT SALE! Now is a great time to add a cash flow property to your rental portfolio! This is a 4-unit apartment building with four(4) 1BR apartments. Each has a living room, kitchen, bedroom and bath. Not to mention separate heating and electric systems. Tenants pay all utilities except water. Gross monthly income around $2,200 when fully occupied. There is a 5th efficiency apartment in the basement and a separate office on the side of the building with a bath and shower. Apartments needs some TLC - being sold AS-IS. All offers subject to lenders approval of short sale. Attached short sale addendums required with offers - call LA for details. Short sale is being managed by a professional negotiation company.

Last Agent to Sell the Property

David O'Donnell

(302) 598-0189 djodonnell@comcast.net EXP Realty, LLC License #RS-0018424 Listed on: 09/12/2013

EXP Realty, LLC

Last Buyer's Agent

Angela Clement

(302) 588-3474 angela.clement@exprealty.com EXP Realty, LLC License #R3-0020939

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 17x75
  • Property is in below average condition

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction

Schools

  • Lombardy Elementary School
  • Springer Middle School
  • Brandywine High School

Utilities

  • Heating System Uses Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Tax Lot 123
  • Assessor Parcel Number 26-022.40-123

Community Details

Overview

  • No Home Owners Association
  • Wilm #6.02 Subdivision

Building Details

  • Operating Expense $388

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Personal Property
  • New Construction: No
  • Year Built: 1920
  • Special Features: 12

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full

Exterior Features

  • 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: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water
  • 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

Schools

  • Elementary School: LOMBARDY
  • High School: BRANDYWINE
  • Middle Or Junior School: SPRINGER

Lot Info

  • Improvement Assessed Value: 16700.00
  • Land Assessed Value: 2600.00
  • Lot Size Acres: 0.03
  • Lot Dimensions: 17X75
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • Property Condition: Below Average
  • Zoning: 26R-3

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Assessor Parcel Number: 2401202
  • Assessor Parcel Number: 26-022.40-123
  • Tax Lot: 123
  • Tax Year: 2013

MLS Schools

  • School District Name: BRANDYWINE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2024
Sold by
Wilmington Neighborhood Conservancy Land
Bought by
Community Focused Reinvestment Corp
Current Estimated Value
$86,073

Purchase Details

Closed on
Sep 28, 2018
Sold by
City Of Wilmington
Bought by
Wilmington Neighborhood Conservancy Land

Purchase Details

Closed on
Apr 18, 2018
Sold by
Blackshear Albert Nicholas
Bought by
City Of Wilmington

Purchase Details

Closed on
Nov 7, 2017
Sold by
Blackshera Albert Nicholas
Bought by
Sims Edward

Purchase Details

Listed on
Sep 12, 2013
Closed on
May 29, 2014
Sold by
Thompson Dino D
Bought by
Blackshear Albert Nicholas
Seller's Agent
David O'Donnell
EXP Realty, LLC
Buyer's Agent
Angela Clement
EXP Realty, LLC
List Price
$59,000
Sold Price
$44,500
Premium/Discount to List
-$14,500
-24.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.95%

Purchase Details

Closed on
May 9, 2006
Sold by
Dart Rental Properties Llc
Bought by
Thompson Dino D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.62%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Community Focused Reinvestment Corp -- None Listed On Document
Community Focused Reinvestment Corp -- None Listed On Document
Wilmington Neighborhood Conservancy Land -- None Available
City Of Wilmington $11,181 None Available
Sims Edward -- None Available
Blackshear Albert Nicholas $44,500 None Available
Thompson Dino D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thompson Dino D $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2014 05/29/14 Sold $44,500 -24.6% --
03/30/2014 03/30/14 Pending -- -- --
09/12/2013 09/12/13 For Sale $59,000 -- --
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 -- $19,300 $2,600 $16,700
2023 -- $19,300 $2,600 $16,700
2022 $0 $19,300 $2,600 $16,700
2021 $385 $19,300 $2,600 $16,700
2020 $385 $19,300 $2,600 $16,700
2019 $385 $19,300 $2,600 $16,700
2018 $445 $19,300 $2,600 $16,700
2017 $907 $19,300 $2,600 $16,700
2016 $907 $19,300 $2,600 $16,700
2015 $856 $19,300 $2,600 $16,700
2014 $856 $19,300 $2,600 $16,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001737278

Bright MLS

APN: 26-022.40-123