NOT LISTED FOR SALE

412 Delaware St New Castle, DE 19720

Estimated Value: $729,596

Studio
-- Bath
3,085 Sq Ft
$236/Sq Ft Est. Value

Last Sold March 15, 2022

Last sale price $560,000 $182 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,953/month

10 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Radiator
  • Wheelchair Height Shelves
  • Wood Siding
  • 2-minute walk to First State National Historical Park

About This Home

As of March 2022

Located in the heart of Old New Castle!

Welcome to 412 Delaware Street. If you're looking for a relaxing stroll around around a colonial town with laid back attitude, this 4 unit mixed use property is the perfect investment opportunity!

Unlike many historic communities, New Castle is a residential town where people live & work. There are 3 residential units totaling 4 bedrooms and 4 bath, alongside 1 commercial space with a full bathroom. The home has had many improvements and updates done over the years. With plenty to offer and conveniently located to US295, US95 & the Delaware Memorial Bridge!

Last Agent to Sell the Property

Kelly Diaz

(302) 299-1100 diazdelivers@gmail.com Keller Williams Realty Wilmington License #RS0036820 Listed on: 11/30/2021

Keller Williams Realty Wilmington

Last Buyer's Agent

Raymond Petkevis

(302) 803-1800 raypetkevis@gmail.com Keller Williams Delaware

Keller Williams Delaware

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,267

Year Built

  • Built in 1859

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 24.00 x 140.00

Parking

  • On-Street Parking

Home Design

  • Wood Foundation
  • Stone Foundation
  • Shingle Roof
  • Wood Siding
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,085 Sq Ft Home
  • Unfinished Basement
  • Partial Basement

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Accessible Home Design

  • Wheelchair Height Shelves

Utilities

  • Central Air
  • Cooling System Utilizes Natural Gas
  • Radiator
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • 100 Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • Old New Castle Subdivision

Listing and Financial Details

  • Tax Lot 034
  • Assessor Parcel Number 21-015.30-034

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,267

Year Built

Built in 1859

Lot Details

3,485 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Accessibility Features: Wheelchair Height Shelves
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1859
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl
  • Fireplace: No
  • Foundation Details: Stone, Concrete Perimeter, Wood
  • Basement: Yes
  • Basement Type: Partial, Unfinished
  • Total Sq Ft: 3085
  • Living Area Sq Ft: 3085
  • Price Per Sq Ft: 184.76
  • Above Grade Finished Sq Ft: 3085
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding, Wood Siding
  • Exterior Features: Sidewalks
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator, Radiant
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 65900.00
  • Land Assessed Value: 17400.00
  • Lot Size Acres: 0.08
  • Lot Dimensions: 24.00 x 140.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3485.00
  • Zoning: HC
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Weekly
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2379864
  • Tax Annual Amount: 1267.00
  • Assessor Parcel Number: 21-015.30-034
  • Tax Lot: 034
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: COLONIAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2021
Closed on
Mar 25, 2022
Sold by
Tnd Properties Llc
Bought by
Egerton James
Seller's Agent
Kelly Diaz
Keller Williams Realty Wilmington
Buyer's Agent
Raymond Petkevis
Keller Williams Delaware
List Price
$570,000
Sold Price
$560,000
Premium/Discount to List
-$10,000
-1.75%
Current Estimated Value
$729,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,596
Avg. Annual Appreciation
6.86%
Original Mortgage
$420,000
Outstanding Balance
$392,415
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$337,181

Purchase Details

Closed on
Mar 27, 2009
Sold by
Tnd Properties Llc
Bought by
Tnd Properties Llc

Purchase Details

Closed on
Jun 16, 2006
Sold by
Mendelsohn Francoise and Mendelsohn Richard
Bought by
Tnd Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2002
Sold by
Mendelsohn Richard L and Mendelsohn Francoise
Bought by
Mendelsohn Francoise and Mendelsohn Richard

Purchase Details

Closed on
Feb 12, 2002
Sold by
Mendelsohn Francoise and Mendelsohn Richard
Bought by
Mendelsohn Richard L and Mendelsohn Francoise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
7.14%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Egerton James -- Longo & Associates Llp
Tnd Properties Llc -- None Available
Tnd Properties Llc $450,000 None Available
Mendelsohn Francoise -- --
Mendelsohn Richard L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Egerton James $420,000
Previous Owner Tnd Properties Llc $337,500
Previous Owner Mendelsohn Richard L $136,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2022 03/15/22 Sold $560,000 -1.8% $182 / Sq Ft
12/10/2021 12/10/21 Pending -- -- --
11/30/2021 11/30/21 For Sale $570,000 -- $185 / Sq Ft
Source: Bright MLS

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 $2,391 $83,300 $17,400 $65,900
2023 $2,176 $83,300 $17,400 $65,900
2022 $2,246 $83,300 $17,400 $65,900
2021 $2,320 $83,300 $17,400 $65,900
2020 $2,320 $83,300 $17,400 $65,900
2019 $2,320 $83,300 $17,400 $65,900
2018 $132 $83,300 $17,400 $65,900
2017 -- $83,300 $17,400 $65,900
2016 -- $83,300 $17,400 $65,900
2015 $1,801 $83,300 $17,400 $65,900
2014 $1,802 $83,300 $17,400 $65,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2011274

Bright MLS

APN: 21-015.30-034

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