NOT LISTED FOR SALE

502 W 7th St Wilmington, DE 19801

Downtown Wilmington Neighborhood

Estimated Value: $214,000 - $265,572

-- Bed
3 Baths
2,500 Sq Ft
$96/Sq Ft Est. Value

Last Sold May 27, 2015

Last sale price $45,500 $18 Per Sq Ft

Est. 426% increase in value since last sale

Current estimated payment $1,503/month

145 Days on Market

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Heating System Uses Gas
  • Mobility Improvements
  • Asbestos
  • 3-minute walk to Helen Chambers Playground

About This Home

As of May 2015

Investor Alert. Just reduced. Spacious 3 unit building with nice cash flow potential. Property needs a little TLC. However, units are functional. Property is being sold as-is. No repairs will be made by the Seller.

Last Agent to Sell the Property

David Edwards

Five Star RE License #RM423916 Listed on: 09/25/2014

Last Buyer's Agent

Joseph Hurley

Pantano Real Estate Inc License #RS-0018346

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 18x95

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction
  • Asbestos

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,500 Sq Ft Home
  • Basement Fills Entire Space Under The House

Accessible Home Design

  • Mobility Improvements

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Operating Expense $2,327

Listing and Financial Details

  • Tax Lot 327
  • Assessor Parcel Number 26-035.10-327

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Accessibility Features: Mobility Improvements
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1880
  • Remarks Public: Investor Alert. Just reduced. Spacious 3 unit building with nice cash flow potential. Property needs a little TLC. However, units are functional. Property is being sold as-is. No repairs will be made by the Seller.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Entry Location: Foyer
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2500
  • Living Area Sq Ft: 2500
  • Price Per Sq Ft: 23.96
  • Above Grade Finished Sq Ft: 2500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 502

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick, Asbestos
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: CHRISTINA
  • School District Key: 300200396890

Lot Info

  • Improvement Assessed Value: 50400.00
  • Land Assessed Value: 3200.00
  • Lot Size Acres: 0.04
  • Lot Dimensions: 18X95
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Zoning: 26R5B

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 2411169
  • Tax Annual Amount: 2327.00
  • Assessor Parcel Number: 26-035.10-327
  • Tax Lot: 327
  • Tax Year: 2014
  • Close Date: 05/27/2015

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2019
Sold by
Jones Uraina
Bought by
Parkville Management Llc
Total Days on Market
145
Current Estimated Value
$239,524

Purchase Details

Closed on
Jul 24, 2018
Sold by
Bieber Ham Mason W
Bought by
Jones Uraina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 25, 2014
Closed on
May 27, 2015
Sold by
Pennymac Loan Trust 2010 Npl1
Bought by
Bieber Ham Mason W
Seller's Agent
David Edwards
Five Star RE
Buyer's Agent
Joseph Hurley
Pantano Real Estate Inc
List Price
$114,900
Sold Price
$45,500
Premium/Discount to List
-$69,400
-60.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.76%

Purchase Details

Closed on
Mar 19, 2007
Sold by
Jure Salam
Bought by
Jure Salam and Patsais Paraskevi

Purchase Details

Closed on
Jul 7, 2006
Sold by
Davis Eric T
Bought by
Jure Salam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,800
Interest Rate
6.71%
Mortgage Type
Balloon
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
Parkville Management Llc -- None Available
Jones Uraina $166,000 None Available
Bieber Ham Mason W $45,500 None Available
Jure Salam $87,000 None Available
Jure Salam $174,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jones Uraina $124,500
Previous Owner Patsais Paraskevi $172,200
Previous Owner Patsais Paraskevi $49,200
Previous Owner Jure Salam $121,800
Previous Owner Jure Salam $52,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2015 05/27/15 Sold $45,500 -60.4% $18 / Sq Ft
02/17/2015 02/17/15 Pending -- -- --
09/25/2014 09/25/14 For Sale $114,900 -- $46 / 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 $1,976 $53,600 $3,200 $50,400
2023 $1,926 $53,600 $3,200 $50,400
2022 $1,907 $53,600 $3,200 $50,400
2021 $1,858 $53,600 $3,200 $50,400
2020 $1,804 $53,600 $3,200 $50,400
2019 $2,600 $53,600 $3,200 $50,400
2018 $343 $53,600 $3,200 $50,400
2017 $2,485 $53,600 $3,200 $50,400
2016 $2,485 $53,600 $3,200 $50,400
2015 $2,328 $53,600 $3,200 $50,400
2014 $2,327 $53,600 $3,200 $50,400
Source: Public Records

Agents Affiliated with this Home

  • David Edwards

    Seller's Agent in 2015

    David Edwards

    Five Star RE

    (215) 880-5552

    23 Total Sales

    David Edwards
    Section Image
  • Joseph Hurley

    Buyer's Agent in 2015

    Joseph Hurley

    Pantano Real Estate Inc

    (302) 740-5524

    44 in this area

    286 Total Sales

    Joseph Hurley
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003096102

Bright MLS

APN: 26-035.10-327

Delaware New Castle County Wilmington 19801 Downtown Wilmington

502 W 7th St, Wilmington, DE

This home is located at 502 W 7th St, Wilmington, DE 19801 since 25 September 2014 and is currently estimated at $239,524, approximately $95 per square foot. This property was built in 1880. 502 W 7th St is a home located in New Castle County with nearby schools including The Bayard School, Christiana High School, and St. Peter Cathedral School.

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