NOT LISTED FOR SALE

Estimated Value: $151,372 - $172,000

-- Bed
2 Baths
-- Sq Ft
871 Sq Ft Lot

Last Sold October 28, 2022

Last sale price $115,000

Est. 41% increase in value since last sale

Current estimated payment $946/month

56 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • 4-minute walk to Herman M. Holloway, Sr. Park - Compton Park

About This Home

As of October 2022

Turn key rental! Excellent opportunity to acquire this income producing duplex in Wilmington within walking distance to downtown .. Turn key investment opportunity with tenants in place paying $867.00 per unit per month and is responsible for heating fuel electric. Water and sewer are paid by owner. See your agent or listing broker for other lease terms. Prior to showing buyer must provide pre-qualification letter, liquidity verification for equity, proof of funds (if cash) and complete Indicative Offer Form provided on MLS after review of lease documents. Showings are strictly on pre-determined day of the week and available for site visit after said documentation has been provided.

Last Agent to Sell the Property

Paul Pantano

Pantano Real Estate Inc Listed on: 07/21/2022

Last Buyer's Agent

Evette Morrow

ELM Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $921

Year Built

  • Built in 1880

Lot Details

  • 871

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation

Utilities

  • Forced Air Heating System
  • Electric Water Heater
  • Municipal Trash

Additional Features

  • Partial Basement
  • 871 Sq Ft Lot
  • Urban Location

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 029
  • Assessor Parcel Number 26-036.30-029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$921

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Tenant owned appliances and tenants personal property.
  • Inclusions: Owner owned appliances as is.
  • New Construction: No
  • Year Built: 1880
  • Automatically Close On Close Date: No
  • Remarks Public: Turn key rental! Excellent opportunity to acquire this income producing duplex in Wilmington within walking distance to downtown .. Turn key investment opportunity with tenants in place paying $867.00 per unit per month and is responsible for heating fuel electric. Water and sewer are paid by owner. See your agent or listing broker for other lease terms. Prior to showing buyer must provide pre-qualification letter, liquidity verification for equity, proof of funds (if cash) and complete Indicative Offer Form provided on MLS after review of lease documents. Showings are strictly on pre-determined day of the week and available for site visit after said documentation has been provided.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Partial
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 423

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Fire Escape
  • 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: No
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: CHRISTINA
  • School District Key: 300200396890
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 18400.00
  • Land Assessed Value: 1000.00
  • Lot Size Acres: 0.02
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 871.00
  • Zoning: 26R-3
  • In City Limits: Yes

Rental Info

  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2412643
  • School Tax: 507.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 921.00
  • Assessor Parcel Number: 26-036.30-029
  • Tax Lot: 029
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 10/28/2022

Multi Family

  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2022
Closed on
Nov 3, 2022
Sold by
Star Properties Llc
Bought by
Jeancarol Capital Llc
Seller's Agent
Paul Pantano
Pantano Real Estate Inc
Buyer's Agent
Evette Morrow
ELM Properties
List Price
$117,900
Sold Price
$115,000
Premium/Discount to List
-$2,900
-2.46%
Views
37
Current Estimated Value
$161,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,669
Avg. Annual Appreciation
8.26%
Original Mortgage
$157,512
Outstanding Balance
$153,400
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
-$9,996

Purchase Details

Listed on
Jun 15, 2021
Closed on
Jul 29, 2021
Sold by
Hanks Ryan
Bought by
Star Properties Llc
Seller's Agent
Brandon Murray
Long & Foster Real Estate, Inc.
Buyer's Agent
James Jones
EXP Realty, LLC
List Price
$109,900
Sold Price
$100,000
Premium/Discount to List
-$9,900
-9.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.93%
Original Mortgage
$100,000
Interest Rate
3%
Mortgage Type
Stand Alone Second

Purchase Details

Listed on
Jan 21, 2019
Closed on
Mar 21, 2019
Sold by
Fisher Theresa M and Street Helen G
Bought by
Hanks Ryan
Seller's Agent
Traci Madison
Madison Real Estate Inc. DBA MRE Residential Inc.
Buyer's Agent
Brandon Murray
Long & Foster Real Estate, Inc.
List Price
$69,900
Sold Price
$62,500
Premium/Discount to List
-$7,400
-10.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.89%
Original Mortgage
$46,875
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2009
Sold by
Rodriguez Fred
Bought by
Fisher Theresa M and Street Helen G

Purchase Details

Closed on
Oct 3, 2006
Sold by
Edwards Robert L and Watson Thelma
Bought by
Rodriguez Fred
Source: Public Records

Range of Values:

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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
Jeancarol Capital Llc -- --
Star Properties Llc -- None Available
Hanks Ryan -- Security Ttl Guarantee Corp
Fisher Theresa M $83,900 None Available
Rodriguez Fred $70,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jeancarol Capital Llc $157,512
Previous Owner Star Properties Llc $100,000
Previous Owner Hanks Ryan $46,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $115,000 +0.1% --
09/15/2022 09/15/22 Pending -- -- --
09/14/2022 09/14/22 Price Changed $114,900 -2.5% --
07/21/2022 07/21/22 For Sale $117,900 +17.9% --
07/31/2021 07/31/21 Sold $100,000 -9.0% $98 / Sq Ft
06/24/2021 06/24/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $109,900 +75.8% $107 / Sq Ft
04/22/2019 04/22/19 Sold $62,500 -10.6% --
02/08/2019 02/08/19 Pending -- -- --
01/21/2019 01/21/19 For Sale $69,900 -- --
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 $715 $19,400 $1,000 $18,400
2023 $690 $19,400 $1,000 $18,400
2022 $690 $19,400 $1,000 $18,400
2021 $653 $19,400 $1,000 $18,400
2020 $653 $19,400 $1,000 $18,400
2019 $955 $19,400 $1,000 $18,400
2018 $1,277 $19,400 $1,000 $18,400
2017 $900 $19,400 $1,000 $18,400
2016 $900 $19,400 $1,000 $18,400
2015 $843 $19,400 $1,000 $18,400
2014 $842 $19,400 $1,000 $18,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2028208

Bright MLS

APN: 26-036.30-029