NOT LISTED FOR SALE

408 W Champlain Ave Wilmington, DE 19804

Ashley Neighborhood

Estimated Value: $389,000 - $608,000

-- Bed
3 Baths
2,300 Sq Ft
$207/Sq Ft Est. Value

Last Sold August 17, 2021

Last sale price $310,000 $135 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $2,852/month

22 Days on Market

Highlights

  • 0.54 Acre Lot
  • No HOA
  • Asbestos
  • Cape Cod Architecture
  • Forced Air Heating System

About This Home

As of August 2021

Detached home with two apartments and detached garage with apartment above. One bedroom unit with basement and laundry . Three bedroom unit with basement and upstairs Laundry. Detached Garage with one bedroom unit and laundry. All utilities are separate Excluding water and sewer. Large extra deep two car garage and extra shed with garage door can be rented for storage of vehicles or motorcycles.

Last Agent to Sell the Property

Rodman Mullins

Sterling Real Estate LLC Listed on: 05/05/2021

Last Buyer's Agent

Rodman Mullins

Sterling Real Estate LLC Listed on: 05/05/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,697

Year Built

  • Built in 1950

Lot Details

  • 0.54 Acre Lot
  • Lot Dimensions are 105.00 x 225.00

Parking

  • Off-Street Parking

Home Design

  • 2,300 Sq Ft Home
  • Triplex
  • Cape Cod Architecture
  • Combination Foundation
  • Asbestos

Utilities

  • Forced Air Heating System
  • Natural Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Tax Lot 101
  • Assessor Parcel Number 07-042.20-101

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $3,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,697

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1950
  • Automatically Close On Close Date: No
  • Remarks Public: Detached home with two apartments and detached garage with apartment above. One bedroom unit with basement and laundry . Three bedroom unit with basement and upstairs Laundry. Detached Garage with one bedroom unit and laundry. All utilities are separate Excluding water and sewer. Large extra deep two car garage and extra shed with garage door can be rented for storage of vehicles or motorcycles.
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Combination
  • Total Sq Ft: 2300
  • Living Area Sq Ft: 2300
  • Price Per Sq Ft: 134.78
  • Above Grade Finished Sq Ft: 2300
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 408

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Asbestos
  • 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

Utilities

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 71400.00
  • Land Assessed Value: 10100.00
  • Lot Size Acres: 0.54
  • Lot Dimensions: 105.00 x 225.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 23522.00
  • Year Assessed: 2020
  • Zoning: NC5
  • In City Limits: No

Rental Info

  • Existing Lease Type: Yearly
  • Rent Control: No
  • Total Actual Rent: 30600.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2259188
  • School Tax: 2020.00
  • Tax Annual Amount: 2697.00
  • Assessor Parcel Number: 07-042.20-101
  • Tax Lot: 101
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 08/17/2021

Multi Family

  • Operating Expense: 3500.00

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2025
Sold by
Redgait 132 Llc and Redgait 134 Llc
Bought by
Redgait Master Llc Series 408
Current Estimated Value
$476,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,150,000
Outstanding Balance
$2,148,153
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
-$1,674,153

Purchase Details

Listed on
May 5, 2021
Closed on
Aug 10, 2021
Sold by
Nester Michael B and Nester Patricia A
Bought by
Redgait 132 Llc
Seller's Agent
Rodman Mullins
Sterling Real Estate LLC
Buyer's Agent
Rodman Mullins
Sterling Real Estate LLC
List Price
$310,000
Sold Price
$310,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.11%
Original Mortgage
$200,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2002
Sold by
Mcginley Christopher and Mcginley Barbara L
Bought by
Nester Michael B and Nester Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,920
Interest Rate
7.01%
Source: Public Records

Range of Values:

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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
Redgait Master Llc Series 408 -- None Listed On Document
Redgait 132 Llc -- None Available
Nester Michael B $164,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Redgait Master Llc Series 408 $2,150,000
Previous Owner Redgait 132 Llc $200,000
Previous Owner Nester Michael B $134,550
Previous Owner Nester Michael B $100,000
Previous Owner Nester Michael B $131,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2021 08/17/21 Sold $310,000 0.0% $135 / Sq Ft
05/27/2021 05/27/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $310,000 0.0% $135 / Sq Ft
09/04/2014 09/04/14 Rented $995 -6.1% --
08/21/2014 08/21/14 Under Contract -- -- --
08/03/2014 08/03/14 For Rent $1,060 -- --
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 $3,091 $81,500 $10,100 $71,400
2023 $2,737 $81,500 $10,100 $71,400
2022 $2,754 $81,500 $10,100 $71,400
2021 $2,760 $81,500 $10,100 $71,400
2020 $2,760 $81,500 $10,100 $71,400
2019 $3,139 $81,500 $10,100 $71,400
2018 $471 $81,500 $10,100 $71,400
2017 $2,549 $81,500 $10,100 $71,400
2016 $2,549 $81,500 $10,100 $71,400
2015 $2,391 $81,500 $10,100 $71,400
2014 $2,218 $81,500 $10,100 $71,400
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Rodman Mullins

    Sterling Real Estate LLC

    (302) 750-1299

    2 in this area

    51 Total Sales

    Rodman Mullins
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Map

Source: Bright MLS

MLS Number: DENC526000

Bright MLS

APN: 07-042.20-101

Delaware New Castle County Wilmington 19804 Ashley

408 W Champlain Ave, Wilmington, DE

This home is located at 408 W Champlain Ave, Wilmington, DE 19804 since 05 May 2021 and is currently estimated at $476,000, approximately $206 per square foot. This property was built in 1950. 408 W Champlain Ave is a home located in New Castle County with nearby schools including Richardson Park Elementary School, Stanton Middle School, and McKean (Thomas) High School.

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