Seller's Agent in 2023
Katina Geralis
EXP Realty, LLC
(302) 383-5412
12 in this area
558 Total Sales
502 Essex Ave Wilmington, DE 19804
Ashley NeighborhoodEstimated Value: $396,000 - $476,688
--
Bed
4
Baths
3,000
Sq Ft
$144/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- 1 Fireplace
- Porch
- Wood Flooring
- Stainless Steel Appliances
- Galley Kitchen
About This Home
As of March 2023Don't miss this rare gem! Unique opportunity for investors or owner occupant rental property. Well maintained multi-family property with 3 units plus a 2-car garage. This property offers a unique opportunity to defray your mortgage payment with rental income from the 2 other units. Main floor unit is a spacious 2 Bedroom, 1.5 bath with bonus room on the main level of this classic home, conveniently located off of Boxwood Road. This floor plan consists of 2 large bedrooms plus an office or bonus room, living room, dining room, screened front porch, eat-in kitchen. Refinished hardwood flooring throughout main living and bedrooms. Laundry included in the basement with lots of storage. Off street parking plus garage and fully fenced backyard. The kitchen was remodeled in 2018 to include new cabinets, stainless steel appliances, tile backsplash, luxury vinyl tile flooring and beautiful countertops. The 2nd floor unit in the main house is a huge 1 bedroom, 1 bath apartment with spacious Living room/ Dining room, Kitchen and front porch. Above the garage you will find a cozy 1 bedroom, 1 bath apartment with kitchen. Also fully renovated kitchen in 2018. Updates include, Insulated inside of garage, installed french drain with sump pump in basement, main level apt. recently painted as well as entire exterior of house and garage. All 3 apartments separately metered for Electric. Full basement with plenty of storage and walk out stairs with separate entrance. Centrally located near Amazon, Prices Corner shopping center, Rt. 141, with easy access to I-95, I-495, I-295 or Rt. 1.
Last Agent to Sell the Property
EXP Realty, LLC License #R3-0020328 Listed on: 03/05/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,391
Year Built
- Built in 1954
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 60.00 x 125.00
- Open Lot
- Back, Front, and Side Yard
- Property is in excellent condition
Home Design
- Triplex
- Colonial Architecture
- Block Foundation
- Frame Construction
- Asphalt Roof
- Shingle Siding
Interior Spaces
- Cedar Closet
- 3,000 Sq Ft Home
- Built-In Features
- Ceiling Fan
- 1 Fireplace
- Combination Kitchen and Dining Room
Kitchen
- Galley Kitchen
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
Flooring
- Wood
- Carpet
- Ceramic Tile
- Luxury Vinyl Tile
Laundry
- Electric Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Walk-Up Access
- Interior and Exterior Basement Entry
- Drainage System
- Sump Pump
- Drain
Parking
- 5 Parking Spaces
- 5 Driveway Spaces
Outdoor Features
- Screened Patio
- Porch
Utilities
- Window Unit Cooling System
- Radiator
- Heating System Uses Oil
- Hot Water Heating System
- Natural Gas Water Heater
- Oil Water Heater
- Cable TV Available
Listing and Financial Details
- The owner pays for water, real estate taxes, sewer, pest control, insurance, trash collection
- Tax Lot 520
- Assessor Parcel Number 07-042.20-520
Community Details
Overview
- 3 Units
- 2-Story Building
Building Details
- 1 Vacant Unit
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 5, 2023
Closed on
Mar 30, 2023
Sold by
Ktmb Properties Llc
Bought by
Dichristofaro Ryan
Seller's Agent
Katina Geralis
EXP Realty, LLC
Buyer's Agent
Bayard Williams
House of Real Estate
List Price
$425,000
Sold Price
$425,000
Views
101
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,422
Avg. Annual Appreciation
-1.03%
Purchase Details
Closed on
Dec 16, 2016
Sold by
Moore David G
Bought by
Ktmb Properties Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dichristofaro Ryan | -- | -- | |
| Ktmb Properties Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Moore David G | $25,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/30/2023 03/30/23 | Sold | $425,000 | 0.0% | $142 / Sq Ft |
| 03/09/2023 03/09/23 | Pending | -- | -- | -- |
| 03/05/2023 03/05/23 | For Sale | $425,000 | 0.0% | $142 / Sq Ft |
| 10/03/2019 10/03/19 | Rented | $12 | -99.0% | -- |
| 10/01/2019 10/01/19 | Under Contract | -- | -- | -- |
| 09/26/2019 09/26/19 | Price Changed | $1,250 | -10.7% | $1 / Sq Ft |
| 08/25/2019 08/25/19 | Price Changed | $1,400 | -6.7% | $1 / Sq Ft |
| 08/14/2019 08/14/19 | For Rent | $1,500 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,750 | $72,500 | $9,200 | $63,300 |
| 2023 | $2,435 | $72,500 | $9,200 | $63,300 |
| 2022 | $2,450 | $72,500 | $9,200 | $63,300 |
| 2021 | $2,449 | $72,500 | $9,200 | $63,300 |
| 2020 | $2,455 | $72,500 | $9,200 | $63,300 |
| 2019 | $231 | $72,500 | $9,200 | $63,300 |
| 2018 | $2,404 | $72,500 | $9,200 | $63,300 |
| 2017 | $2,376 | $72,500 | $9,200 | $63,300 |
| 2016 | $2,037 | $72,500 | $9,200 | $63,300 |
| 2015 | $1,896 | $72,500 | $9,200 | $63,300 |
| 2014 | $1,741 | $72,500 | $9,200 | $63,300 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2023
Bayard Williams
House of Real Estate
(302) 743-0860
2 in this area
130 Total Sales
Map
Source: Bright MLS
MLS Number: DENC2038490
APN: 07-042.20-520
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