NOT LISTED FOR SALE

409 Noahs Dr Wilmington, DE 19802

Baynard Village Neighborhood

Estimated Value: $204,000 - $354,000

0.04 Acre
$7,640,750 Price per Acre
1,742 Sq Ft Lot

Last Sold October 31, 2023

Last sale price $315,000

Est. 5% increase in value since last sale

Current estimated payment $1,739/month

32 Days on Market

About This Lot

As of October 2023

We are thrilled to present a truly exceptional investment opportunity in the heart of the thriving city of Wilmington – a 12-lot subdivision that promises enormous potential for rental townhomes or profitable reselling. Situated in a great location, this subdivision has all the right ingredients for a successful and rewarding venture. Allow us to highlight the key reasons why this project is set to stand out: Prime City Location: The city of Wilmington is renowned for its dynamic economy, cultural diversity, and a strong rental market. It is a hub of business, commerce, and entertainment, making it a highly sought-after destination for residents and investors alike. High Demand for Rental Properties: Wilmington is experiencing a significant surge in demand for rental properties due to an influx of young professionals, students, and families seeking urban living with easy access to amenities and public transportation. Our 12-lot subdivision presents an ideal opportunity to cater to this growing demand. Strong Potential for Resale Value: Not only does Wilmington boast a robust rental market, but its real estate market is also consistently showing positive growth trends. With careful planning and quality construction, the townhomes developed in this subdivision are poised to gain substantial appreciation, providing an excellent opportunity for reselling and maximizing returns on investment. Proximity to Key Infrastructure: One of the main highlights of this subdivision is its close proximity to major transportation networks, schools, parks, shopping centers, and other essential amenities, ensuring convenience and desirability for potential residents. In conclusion, this 12-lot subdivision in the great city of Wilmington offers an extraordinary opportunity for investors and developers looking to capitalize on the city's prosperous rental market or the thriving real estate resale market. With a strategic location, strong demand, and an experienced team, we are confident that this project will yield impressive results and be a shining gem in the city's landscape. We welcome you to explore this exciting prospect further and look forward to discussing how we can make this vision a reality together. Possible owner financing. Please do not hesitate to contact us for additional information or to schedule a site visit.
Sales includes:
414-A W 29th St Wilmington DE 19802 Tax ID 26015.40165
414-B W 29th St Wilmington DE 19802 Tax ID 26015.40494
416 W 29th St Wilmington DE 19802 Tax ID 26015.40493
418 W 29th St Wilmington DE 19802 Tax ID 26015.40492
2804 N Madison St Wilmington DE 19802 Tax ID 26015.40140
2806 N Madison St Wilmington DE 19802 Tax ID 26015.40501
407 Noahs Dr Wilmington DE 19802 Tax ID 26015.40495
409 Noahs Dr Wilmington DE 19802 Tax ID 26015.40496
411 Noahs Dr Wilmington DE 19802 Tax ID 26015.40497
413 Noahs Dr Wilmington DE 19802 Tax ID 26015.40498
415 Noahs Dr Wilmington DE 19802 Tax ID 26015.40499
417 Noahs Dr Wilmington DE 19802 Tax ID 26015.40500

Last Agent to Sell the Property

Christopher Nolte

(302) 893-5893 cgnolte@comcast.net Coldwell Banker Realty License #RA-0020574I Listed on: 08/01/2023

Coldwell Banker Realty

Co-Listed By

Brent Applebaum

(302) 750-7677 brentsells@comcast.net Coldwell Banker Realty License #650154

Last Buyer's Agent

Catherine Ortner

(302) 540-1425 cathy.ortner@compass.com Compass License #RS217384L

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $59

Lot Details

  • 1,742 Sq Ft Lot
  • 26015.40165, .40494, .40493, .40492, .40140, .40501, .40495, .40496, .40497, .40498, .40499, and 40500
  • Property is zoned 26R-3

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 496
  • Assessor Parcel Number 26-015.40-496

Property Details

Property Type

Land

Est. Annual Taxes

$59

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Vacant
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Price Per Sq Ft: 180.83

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 26015.40165, .40494, .40493, .40492, .40140, .40501, .40495, .40496, .40497, .40498, .40499, and 40500
  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Zoning: 26R-3
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 47.00
  • Tax Annual Amount: 87.00
  • Assessor Parcel Number: 26-015.40-496
  • Tax Lot: 496
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2023
Closed on
Dec 21, 2023
Sold by
Bale Properties Inc
Bought by
Truth In Actions Raw Story Drive Llc
Seller's Agent
Christopher Nolte
Coldwell Banker Realty
Buyer's Agent
Catherine Ortner
Compass
List Price
$315,000
Sold Price
$315,000
Views
58
Current Estimated Value
$330,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,517
Avg. Annual Appreciation
-1.42%
Original Mortgage
$500,000
Outstanding Balance
$491,177
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
-$185,547
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Truth In Actions Raw Story Drive Llc -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Truth In Actions Raw Story Drive Llc $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2023 10/31/23 Sold $315,000 0.0% --
08/01/2023 08/01/23 For Sale $315,000 -- --
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 $59 $1,900 $1,900 $0
2023 $52 $1,900 $1,900 $0
2022 $52 $1,900 $1,900 $0
2021 $52 $1,900 $1,900 $0
2020 $52 $1,900 $1,900 $0
2019 $90 $1,900 $1,900 $0
2018 $52 $1,900 $1,900 $0
2017 $52 $1,900 $1,900 $0
2016 $49 $1,900 $1,900 $0
2015 $81 $1,900 $1,900 $0
2014 $76 $1,900 $1,900 $0
Source: Public Records

Agents Affiliated with this Home

  • Christopher Nolte

    Seller's Agent in 2023

    Christopher Nolte

    Coldwell Banker Realty

    (302) 893-5893

    3 in this area

    182 Total Sales

    Christopher Nolte
    Section Image
  • Brent Applebaum

    Seller Co-Listing Agent in 2023

    Brent Applebaum

    Coldwell Banker Realty

    (302) 750-7677

    3 in this area

    174 Total Sales

    Brent Applebaum
    Section Image
  • Catherine Ortner

    Buyer's Agent in 2023

    Catherine Ortner

    Compass

    (302) 540-1425

    2 in this area

    137 Total Sales

    Catherine Ortner
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DENC2046958

Bright MLS

APN: 26-015.40-496

Delaware New Castle County Wilmington 19802 Baynard Village

409 Noahs Dr, Wilmington, DE

Not Listed for Sale

Lots

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