NOT LISTED FOR SALE

502 W 7th St Wilmington, DE 19801

Downtown Wilmington Neighborhood

Estimated Value: $246,000 - $390,269

-- Bed
3 Baths
2,500 Sq Ft
$120/Sq Ft Est. Value

Last Sold May 27, 2015

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

Est. 559% increase in value since last sale

Current estimated payment $1,750/month

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

(215) 880-5552 daveedwards302@comcast.net Five Star RE License #RM423916 Listed on: 09/25/2014

Last Buyer's Agent

Joseph Hurley

(302) 740-5524 jphurley27@gmail.com 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
Current Estimated Value
$299,756

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
19.85%

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
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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 Jure Salam $121,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

    18 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

    275 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 $299,756, approximately $119 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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