NOT LISTED FOR SALE

Estimated Value: $266,000 - $307,000

4 Beds
1.5 Baths
1,525 Sq Ft
$187/Sq Ft Est. Value

Last Sold July 01, 2022

Last sale price $240,000 $157 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,774/month

18 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • No HOA
  • Traditional Floor Plan
  • Solarium
  • Formal Dining Room

About This Home

As of July 2022

Welcome home to 5 Latimer Place - located off Maryland Avenue but outside of the City of Wilmington limits. Schooling options range from the much sought after Red Clay Consolidated School District and a private school is within walking distance. This home needs a little bit of love and some cosmetic work to bring it back to its old glory. There are hardwood floors throughout most of the home and the kitchen and breakfast area have new ceramic flooring. The lot is mostly fenced, has a storage shed and gives a bit of privacy to the rear enclosed porch. The unfinished basement has an outside access and loads of storage area. Most of the windows have been replaced with energy efficient ones and there is even a brick wood burning fireplace. If you're ready for a little sweat equity this may just be the perfect home for you. Home is being sold AS IS to settle an estate.

Last Agent to Sell the Property

Anne Menaquale

RE/MAX Associates - Newark License #4009136 Listed on: 05/12/2022

RE/MAX Associates - Newark

Last Buyer's Agent

Debbie Gawel

BHHS Fox & Roach-Christiana

BHHS Fox & Roach-Christiana

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,804

Year Built

  • Built in 1941

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 60.00 x 100.00
  • Property is in below average condition
  • Property is zoned NC5

Parking

  • 1 Car Direct Access Garage
  • 2 Driveway Spaces
  • On-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 1,525 Sq Ft Home
  • Property has 2 Levels
  • Traditional Floor Plan
  • Wood Burning Fireplace
  • Insulated Windows
  • Bay Window
  • Living Room
  • Formal Dining Room
  • Solarium
  • Unfinished Basement
  • Exterior Basement Entry

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on lower level
  • Washer
  • Gas Dryer

Outdoor Features

  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Latimer Estates Subdivision

Listing and Financial Details

  • Tax Lot 213
  • Assessor Parcel Number 07-039.40-213

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,804

Year Built

Built in 1941

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: washer, dryer, refrigerator - all included as is.
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1941
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Remarks Public: Welcome home to 5 Latimer Place - located off Maryland Avenue but outside of the City of Wilmington limits. Schooling options range from the much sought after Red Clay Consolidated School District and a private school is within walking distance. This home needs a little bit of love and some cosmetic work to bring it back to its old glory. There are hardwood floors throughout most of the home and the kitchen and breakfast area have new ceramic flooring. The lot is mostly fenced, has a storage shed and gives a bit of privacy to the rear enclosed porch. The unfinished basement has an outside access and loads of storage area. Most of the windows have been replaced with energy efficient ones and there is even a brick wood burning fireplace. If you're ready for a little sweat equity this may just be the perfect home for you. Home is being sold AS IS to settle an estate.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer, Dryer - Gas, Refrigerator
  • Flooring Type: Ceramic Tile, Wood
  • Interior Amenities: Combination Kitchen/Dining, Floor Plan - Traditional, Formal/Separate Dining Room, Wood Floors
  • Window Features: Bay/Bow, Insulated
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 2
  • Room Count: 8
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Bedroom 1, Solarium, Half Bath
  • Basement: Yes
  • Basement Type: Outside Entrance, Unfinished
  • Laundry Type: Lower Floor
  • Total Sq Ft: 1525
  • Living Area Sq Ft: 1525
  • Price Per Sq Ft: 156.07
  • Above Grade Finished Sq Ft: 1525
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Upper Level Bathrooms: 1
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Lower Level Half Bathroom: 1
  • Lower Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Brick
  • Road Surface Type: Black Top
  • Roof: Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Inside Access
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway, Attached Garage, On Street
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: RED CLAY CONSOLIDATED
  • School District Key: 300200396545
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Improvement Assessed Value: 44600.00
  • Land Assessed Value: 10100.00
  • Lot Size Acres: 0.14
  • Lot Dimensions: 60.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6098.00
  • Property Condition: Below Average
  • Year Assessed: 2021
  • Zoning: NC5
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 2258149
  • School Tax: 1350.00
  • Tax Annual Amount: 1804.00
  • Assessor Parcel Number: 07-039.40-213
  • Tax Lot: 213
  • Tax Total Finished Sq Ft: 1525
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 07/01/2022

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2022
Closed on
Jul 2, 2022
Sold by
Christopher Colon
Bought by
Sultan Abiola N
Seller's Agent
Anne Menaquale
RE/MAX Associates - Newark
Buyer's Agent
Debbie Gawel
BHHS Fox & Roach-Christiana
List Price
$238,000
Sold Price
$240,000
Premium/Discount to List
$2,000
0.84%
Total Days on Market
18
Current Estimated Value
$285,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,149
Avg. Annual Appreciation
6.06%
Original Mortgage
$235,653
Outstanding Balance
$225,812
Interest Rate
5.09%
Mortgage Type
FHA
Estimated Equity
$59,337
Source: Public Records

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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
Sultan Abiola N $240,000 Longo & Associates Llp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sultan Abiola N $235,653
Previous Owner Zirkelbach Jean L $31,456
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2022 07/01/22 Sold $240,000 +0.8% $157 / Sq Ft
06/30/2022 06/30/22 Price Changed $238,000 0.0% $156 / Sq Ft
05/30/2022 05/30/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $238,000 -- $156 / Sq Ft
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 $2,075 $54,700 $10,100 $44,600
2023 $1,837 $54,700 $10,100 $44,600
2022 $1,849 $54,700 $10,100 $44,600
2021 $11,498 $54,700 $10,100 $44,600
2020 $8,787 $54,700 $10,100 $44,600
2019 $2,106 $54,700 $10,100 $44,600
2018 $57 $54,700 $10,100 $44,600
2017 -- $54,700 $10,100 $44,600
2016 -- $54,700 $10,100 $44,600
2015 -- $54,700 $10,100 $44,600
2014 -- $54,700 $10,100 $44,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2023540

Bright MLS

APN: 07-039.40-213