NOT LISTED FOR SALE

500 Grove Ave Wilmington, DE 19809

Estimated Value: $393,000 - $507,000

-- Bed
2 Baths
1,800 Sq Ft
$243/Sq Ft Est. Value

Last Sold December 21, 2015

Last sale price $150,000 $83 Per Sq Ft

Est. 191% increase in value since last sale

Current estimated payment $2,582/month

99 Days on Market

Highlights

  • No HOA
  • 2 Car Detached Garage
  • Hot Water Heating System
  • Pierre S. Dupont Middle School Rated A-
  • En-Suite Primary Bedroom
  • Wall to Wall Carpet

About This Home

As of December 2015

Great opportunity to own a legal 2 unit duplex in Bellefonte! This property is fully rented, and cash flow numbers are excellent. Owner also rents out the separate 2 car detached garage for $150/Month. Includes separate heaters, electric, hot water heaters. All utilities paid by tenants. Rear deck for each unit a plus. Property does need work and is being sold in its present "as is" condition. Take a look today! Property also includes separate 25 x 100 lot with separate parcel number.

Last Agent to Sell the Property

DiFonzo Michael

RE/MAX Associates-Wilmington Listed on: 08/10/2015

Last Buyer's Agent

Grant Jeppe

Patterson-Schwartz-Hockessin

Patterson-Schwartz-Hockessin

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,966

Year Built

  • Built in 1920

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Northeast Facing Home
  • Property is in below average condition

Parking

  • 2 Car Detached Garage
  • 3 Open Parking Spaces

Home Design

  • Duplex
  • Stone Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,800 Sq Ft Home
  • Wall to Wall Carpet

Schools

  • Mount Pleasant Elementary School
  • Dupont Middle School
  • Mount Pleasant High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Hot Water Heating System
  • 100 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 394
  • Assessor Parcel Number 17-002.00-394 & 17-002.00-037

Community Details

Overview

  • No Home Owners Association
  • Bellefonte Subdivision

Building Details

  • Income includes parking
  • Insurance Expense $828
  • Maintenance Expense $500
  • Operating Expense $3,994

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,966

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property, A/C Units.
  • Inclusions: Refrigerator
  • New Construction: No
  • Storage: Basement
  • Year Built: 1920
  • Remarks Public: Great opportunity to own a legal 2 unit duplex in Bellefonte! This property is fully rented, and cash flow numbers are excellent. Owner also rents out the separate 2 car detached garage for $150/Month. Includes separate heaters, electric, hot water heaters. All utilities paid by tenants. Rear deck for each unit a plus. Property does need work and is being sold in its present "as is" condition. Take a look today! Property also includes separate 25 x 100 lot with separate parcel number.
  • Special Features: VirtualTour

Interior Features

  • Flooring Type: Fully Carpeted
  • Fireplace: No
  • Entry Location: Private
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: No
  • Total Sq Ft: 1800
  • Living Area Sq Ft: 1800
  • Price Per Sq Ft: 88.83
  • Above Grade Finished Sq Ft: 1800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 500

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Street Lights
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 3
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 700.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: BRANDYWINE
  • Elementary School: MOUNT PLEASANT
  • Middle School: DUPONT
  • High School: MOUNT PLEASANT
  • School District Key: 300200396892
  • Elementary School: MOUNT PLEASANT
  • High School: MOUNT PLEASANT
  • Middle Or Junior School: DUPONT

Lot Info

  • Improvement Assessed Value: 46000.00
  • Land Assessed Value: 8500.00
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50X100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Property Condition: Below Average
  • Zoning: 17R2

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 18420.00
  • Income Includes: Parking
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2367374
  • Tax Annual Amount: 1966.00
  • Assessor Parcel Number: 17-002.00-394 & 17-002.00-037
  • Tax Lot: 394
  • Tax Year: 2015
  • Close Date: 12/21/2015

MLS Schools

  • School District Name: BRANDYWINE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 1981
Bought by
Maiorano Carmen T and Margaret Westmo
Current Estimated Value
$436,699
Source: Public Records

Range of Values:

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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
Maiorano Carmen T $77,400 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2015 12/21/15 Sold $150,000 -11.7% $83 / Sq Ft
11/17/2015 11/17/15 Pending -- -- --
08/10/2015 08/10/15 For Sale $169,900 -- $94 / 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 $2,489 $95,800 $19,900 $75,900
2023 $2,098 $95,800 $19,900 $75,900
2022 $2,110 $95,800 $19,900 $75,900
2021 $2,206 $95,800 $19,900 $75,900
2020 $2,220 $95,800 $19,900 $75,900
2019 $4,146 $95,800 $19,900 $75,900
2018 $2,208 $95,800 $19,900 $75,900
2017 $2,604 $95,800 $19,900 $75,900
2016 $2,468 $95,800 $19,900 $75,900
2015 $4,060 $95,800 $19,900 $75,900
2014 $3,854 $95,800 $19,900 $75,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002675018

Bright MLS

APN: 26-018.20-051