NOT LISTED FOR SALE

Estimated Value: $360,000 - $503,000

-- Bed
3 Baths
3,408 Sq Ft
$122/Sq Ft Est. Value

Last Sold June 11, 2021

Last sale price $295,000 $87 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,366/month

2 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Electric Baseboard Heater

About This Home

As of June 2021

Investor Alert - Fully occupied triplex! Income producing property with 4-5 off street parking spots. (1) 1 bedroom + (2) 2 bedroom units. $900/m; $900/m; $850/m. All heaters installed in 2015. Each unit has its own electric meter and pays it own heating bill. See cash flow analyzer for full details on income & expenses. Great opportunity! Additional photos will be added 4/26 and showings will begin 4/27/2021.

Last Agent to Sell the Property

Christopher Black

BHHS Fox & Roach - Hockessin License #652222 Listed on: 04/27/2021

BHHS Fox & Roach - Hockessin

Last Buyer's Agent

Charles Graef

RE/MAX Associates-Hockessin

RE/MAX Associates-Hockessin

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,296

Year Built

  • Built in 1960

Lot Details

  • 436 Sq Ft Lot
  • Lot Dimensions are 69.80 x 113.10

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • 4 Off-Street Spaces

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for water, trash collection, insurance, lawn/shrub care, repairs, sewer
  • Tax Lot 469
  • Assessor Parcel Number 07-039.30-469

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals
  • Operating Expense $10,427
  • Net Operating Income $20,737

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,296

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2021-04-27
  • Year Built: 1960
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3408
  • Living Area Sq Ft: 3408
  • Price Per Sq Ft: 110.28
  • Above Grade Finished Sq Ft: 2675
  • Below Grade Finished Sq Ft: 733
  • Total Below Grade Sq Ft: 733
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 400

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
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Lot Size Acres: 0.01
  • Lot Dimensions: 69.80 x 113.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 436.00
  • Year Assessed: 2020
  • Zoning: NC5
  • In City Limits: No

Rental Info

  • Existing Lease Type: Long Term
  • Ground Rent Exists: No
  • Owner Pays: Water, Trash Collection, Insurance, Lawn/Shrub Care, Repairs, Sewer
  • Rent Control: No
  • Total Actual Rent: 31800.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 1720.00
  • Tax Annual Amount: 2296.00
  • Assessor Parcel Number: 07-039.30-469
  • Tax Lot: 469
  • Tax Total Finished Sq Ft: 3408
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 06/11/2021

Multi Family

  • Gross Income: 31164.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 10427.00
  • Other Units: Unit 1,Unit 2,Unit 3
  • Vacancy Allowance Rate: 2.00

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2021
Closed on
Jun 11, 2021
Sold by
Js Holdings Invest Llc
Bought by
Wasatch Holdings Llc
Seller's Agent
Christopher Black
BHHS Fox & Roach - Hockessin
Buyer's Agent
Charles Graef
RE/MAX Associates-Hockessin
List Price
$295,000
Sold Price
$295,000
Current Estimated Value
$404,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,557
Avg. Annual Appreciation
5.43%
Original Mortgage
$221,250
Outstanding Balance
$203,080
Interest Rate
2.96%
Mortgage Type
Commercial
Estimated Equity
$164,853

Purchase Details

Closed on
Jan 18, 2007
Sold by
Bogia Maurice C
Bought by
Ktm Property Management Llc
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
Wasatch Holdings Llc -- None Available
Ktm Property Management Llc $240,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wasatch Holdings Llc $221,250
Previous Owner Js Holdings Llc $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2021 06/11/21 Sold $295,000 0.0% $87 / Sq Ft
04/30/2021 04/30/21 Pending -- -- --
04/27/2021 04/27/21 For Sale $295,000 -- $87 / 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 $2,632 $69,400 $400 $69,000
2023 $2,330 $69,400 $400 $69,000
2022 $2,345 $69,400 $400 $69,000
2021 $5,890 $69,400 $400 $69,000
2020 $2,350 $69,400 $400 $69,000
2019 $2,486 $69,400 $400 $69,000
2018 $103 $69,400 $400 $69,000
2017 -- $69,400 $400 $69,000
2016 -- $69,400 $400 $69,000
2015 $2,036 $69,400 $400 $69,000
2014 -- $69,400 $400 $69,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC524432

Bright MLS

APN: 07-039.30-469