408 W 21st St Wilmington, DE 19802
Baynard Village NeighborhoodEstimated Value: $225,000 - $336,000
--
Bed
1
Bath
2,125
Sq Ft
$134/Sq Ft
Est. Value
Highlights
- No HOA
- Ceiling Fan
- Heating Available
- En-Suite Primary Bedroom
About This Home
As of August 2018Why 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 Listed By
Keller Williams Realty Wilmington License #RS-0019277 Listed on: 06/02/2018
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
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
Total Days on Market
42
Current Estimated Value
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
11.95%
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Wilmington, DE
Home Values in the Area
Average Home Value in this Area
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
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
-
Brian Doreste
Seller Co-Listing Agent in 2018
Brian Doreste
Century 21 Emerald
(302) 753-6398
23 Total Sales
-
Buyer's Agent in 2018
Michael Dunning
Redfin Corporation
(302) 563-1567
-
Peter Meyer
Seller's Agent in 2012
Peter Meyer
Meyer & Meyer Realty
(302) 218-2790
3 in this area
150 Total Sales
Map
Source: Bright MLS
MLS Number: 1001758052
APN: 26-022.10-088
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