NOT LISTED FOR SALE

408 W 21st St Wilmington, DE 19802

Baynard Village Neighborhood

Estimated Value: $243,000 - $371,000

-- Bed
1 Bath
2,125 Sq Ft
$148/Sq Ft Est. Value

Last Sold August 17, 2018

Last sale price $143,000 $67 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $1,776/month

42 Days on Market

Highlights

  • No HOA
  • Ceiling Fan
  • Heating Available
  • En-Suite Primary Bedroom

About This Home

As of August 2018

Why should you invest in this property over all the options out there, including not investing in anything at all? Because this two-unit property has a terrific tenant in place whose rent is currently covering the entire mortgage payment! And the tenant will be renting their unit for at least another year or more. Both apartments have excellent leasing history over the course of current ownership, with good tenants and zero late rental payments. Each unit has a spacious kitchen with plenty of cabinet space, refrigerator, stove, and microwave. The bedrooms easily fit queen sized beds, with plenty of storage space in each unit. The entire interior has been freshly painted, top to bottom, in neutral grey color. Prospective tenants love the second floor unit, with the upper loft bedroom and exposed brick wall. The first floor unit is also an easy rent and typically leases within a month, when listed as available. The previous tenant for this unit paid $800 a month and there's potential for more. This location is within walking distance to public transportation on Baynard Boulevard and Rodney Square, and close to all major highways. Separate electric and gas utilities, and washer and dryer facilities in each apartment make this property a great purchase. Live in one and have your tenant pay your mortgage or rent them both out and have great investment for your portfolio. Note: While all information, data and measurements are assumed to be accurate, Buyer is responsible for verifying all information, data and measurements. Nothing can be construed as a guarantee. Owner is co-listing agent and a licensed Delaware real estate broker.

Last Agent to Sell the Property

Manoj Philip

(302) 383-8812 manoj@manojsellshomes.com Keller Williams Realty Wilmington License #RS-0019277 Listed on: 06/02/2018

Keller Williams Realty Wilmington

Co-Listed By

Brian Doreste

(302) 753-6398 briandeliversyourdream@gmail.com Century 21 Emerald License #1433996

Last Buyer's Agent

Michael Dunning

(302) 563-1567 michael.dunning@foxroach.com Redfin Corporation License #R1-0003069

Redfin Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,091

Year Built

  • Built in 1919

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 28x100
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,125 Sq Ft Home
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 088
  • Assessor Parcel Number 26-022.10-088

Community Details

Overview

  • No Home Owners Association
  • Wilm #04 Subdivision

Building Details

  • Operating Expense $2,091

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,091

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants' Personal Belongings
  • New Construction: No
  • Year Built: 1919
  • Remarks Public: Why should you invest in this property over all the options out there, including not investing in anything at all? Because this two-unit property has a terrific tenant in place whose rent is currently covering the entire mortgage payment! And the tenant will be renting their unit for at least another year or more. Both apartments have excellent leasing history over the course of current ownership, with good tenants and zero late rental payments. Each unit has a spacious kitchen with plenty of cabinet space, refrigerator, stove, and microwave. The bedrooms easily fit queen sized beds, with plenty of storage space in each unit. The entire interior has been freshly painted, top to bottom, in neutral grey color. Prospective tenants love the second floor unit, with the upper loft bedroom and exposed brick wall. The first floor unit is also an easy rent and typically leases within a month, when listed as available. The previous tenant for this unit paid $800 a month and there's potential for more. This location is within walking distance to public transportation on Baynard Boulevard and Rodney Square, and close to all major highways. Separate electric and gas utilities, and washer and dryer facilities in each apartment make this property a great purchase. Live in one and have your tenant pay your mortgage or rent them both out and have great investment for your portfolio. Note: While all information, data and measurements are assumed to be accurate, Buyer is responsible for verifying all information, data and measurements. Nothing can be construed as a guarantee. Owner is co-listing agent and a licensed Delaware real estate broker.
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Entry Location: Foyer
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Washer In Unit, Dryer In Unit, Hookup, Has Laundry
  • Total Sq Ft: 2125
  • Living Area Sq Ft: 2125
  • Price Per Sq Ft: 77.65
  • Above Grade Finished Sq Ft: 2125
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 408

Exterior Features

  • Other Structures: Above 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: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: RED CLAY CONSOLIDATED
  • School District Key: 300200396545

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 28X100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2614.00
  • Property Condition: Good
  • Zoning: 26R-2

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Tax Annual Amount: 2091.00
  • Assessor Parcel Number: 26-022.10-088
  • Tax Lot: 088
  • Tax Year: 2017
  • Close Date: 08/17/2018

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2021
Sold by
Sibomana Jonas
Bought by
Joy Investment Llc 408 W21st Series
Current Estimated Value
$313,847

Purchase Details

Listed on
Jun 2, 2018
Closed on
Aug 17, 2018
Sold by
Doreste Brian A and Doreste Philip Manoj
Bought by
Sibomana Jonas
Seller's Agent
Manoj Philip
Keller Williams Realty Wilmington
Buyer's Agent
Michael Dunning
Redfin Corporation
List Price
$165,000
Sold Price
$143,000
Premium/Discount to List
-$22,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.26%
Original Mortgage
$107,250
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 29, 2012
Closed on
Oct 26, 2012
Sold by
Meyer & Meyer Inc
Bought by
Doreste Brian A
Seller's Agent
Peter Meyer
Meyer & Meyer Realty
Buyer's Agent
Brian Doreste
Century 21 Emerald
List Price
$159,900
Sold Price
$154,000
Premium/Discount to List
-$5,900
-3.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.27%
Original Mortgage
$151,210
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 18, 2005
Sold by
Chambers Kimberley A
Bought by
Meyer & Meyer Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,600
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Joy Investment Llc 408 W21st Series -- None Available
Sibomana Jonas $143,000 None Available
Doreste Brian A $154,000 None Available
Meyer & Meyer Inc $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sibomana Jonas $107,250
Previous Owner Doreste Brian A $151,210
Previous Owner Meyer & Meyer Inc $500,000
Previous Owner Meyer & Meyer Inc $113,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2018 08/17/18 Sold $143,000 -13.3% $67 / Sq Ft
07/14/2018 07/14/18 Pending -- -- --
06/02/2018 06/02/18 For Sale $165,000 +7.1% $78 / Sq Ft
10/26/2012 10/26/12 Sold $154,000 -3.7% $72 / Sq Ft
09/08/2012 09/08/12 Pending -- -- --
08/29/2012 08/29/12 For Sale $159,900 -- $75 / 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 $1,420 $45,500 $7,200 $38,300
2023 $1,234 $45,500 $7,200 $38,300
2022 $1,240 $45,500 $7,200 $38,300
2021 $1,238 $45,500 $7,200 $38,300
2020 $1,245 $45,500 $7,200 $38,300
2019 $2,159 $45,500 $7,200 $38,300
2018 $852 $45,500 $7,200 $38,300
2017 $2,016 $45,500 $7,200 $38,300
2016 $2,016 $45,500 $7,200 $38,300
2015 $1,928 $45,500 $7,200 $38,300
2014 $1,830 $45,500 $7,200 $38,300
Source: Public Records

Agents Affiliated with this Home

  • Manoj Philip

    Seller's Agent in 2018

    Manoj Philip

    Keller Williams Realty Wilmington

    (302) 383-8812

    16 Total Sales

    Manoj Philip
    Section Image
  • Brian Doreste

    Seller Co-Listing Agent in 2018

    Brian Doreste

    Century 21 Emerald

    (302) 753-6398

    23 Total Sales

    Brian Doreste
    Section Image
  • Peter Meyer

    Seller's Agent in 2012

    Peter Meyer

    Meyer & Meyer Realty

    (302) 218-2790

    2 in this area

    130 Total Sales

    Peter Meyer
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001758052

Bright MLS

APN: 26-022.10-088

Delaware New Castle County Wilmington 19802 Baynard Village

408 W 21st St, Wilmington, DE

This home is located at 408 W 21st St, Wilmington, DE 19802 since 02 June 2018 and is currently estimated at $313,847, approximately $147 per square foot. This property was built in 1919. 408 W 21st St is a home located in New Castle County with nearby schools including Warner Elementary School, Dickinson (John) High School, and Skyline Middle School.

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