NOT LISTED FOR SALE

505 Junction St Wilmington, DE 19805

Estimated Value: $272,000 - $395,000

3 Beds
2 Baths
1,500 Sq Ft
$210/Sq Ft Est. Value

Last Sold January 17, 2022

Last sale price $275,000 $183 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,778/month

Highlights

  • 0.28 Acre Lot
  • No HOA
  • Living Room
  • Colonial Architecture
  • Porch
  • 1-minute walk to Junction Park

About This Home

As of January 2022

Under Contract. Back on the market due to no fault of the seller. Newly renovated 3 bed 2 bath home centrally located in Elsmere! With new flooring and fresh paint throughout, this home is move in ready. The large welcoming front porch is perfect for relaxing with your morning coffee or unwinding after a long day. Updated kitchen and bathrooms, new roof in 2019, new hot water heater 2021, and new HVAC in 2021. The laundry is located on the main level and a spacious backyard awaits! Do not miss your chance to own this wonderful home. Schedule your tour today!

Last Agent to Sell the Property

Peggy Centrella

(302) 234-5229 pcentrella@psre.com Patterson-Schwartz-Hockessin License #RS-0022047 Listed on: 10/26/2021

Patterson-Schwartz-Hockessin

Last Buyer's Agent

Lauren Janes

(302) 234-5277 lauren.janes@compass.com Compass License #5016145

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,450

Year Built

  • Built in 1920

Lot Details

  • 0.28 Acre Lot
  • Property is zoned 19R1

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Stone Foundation
  • Vinyl Siding

Interior Spaces

  • 1,500 Sq Ft Home
  • Property has 2 Levels
  • Living Room
  • Dining Room
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • 200+ Amp Service
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Elsmere Subdivision

Listing and Financial Details

  • Assessor Parcel Number 19-002.00-083

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,450

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1920
  • Remarks Public: Under Contract. Back on the market due to no fault of the seller. Newly renovated 3 bed 2 bath home centrally located in Elsmere! With new flooring and fresh paint throughout, this home is move in ready. The large welcoming front porch is perfect for relaxing with your morning coffee or unwinding after a long day. Updated kitchen and bathrooms, new roof in 2019, new hot water heater 2021, and new HVAC in 2021. The laundry is located on the main level and a spacious backyard awaits! Do not miss your chance to own this wonderful home. Schedule your tour today!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Foundation Details: Stone, Other
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Living Area Units: Square Feet
  • Total Sq Ft: 1500
  • Living Area Sq Ft: 1500
  • Price Per Sq Ft: 183.33
  • Above Grade Finished Sq Ft: 1500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 505

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: 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

Schools

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

Lot Info

  • Land Lease: No
  • Lot Size Acres: 0.28
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12197.00
  • Outdoor Living Structures: Porch(es)
  • Zoning: 19R1
  • In City Limits: No

Rental Info

  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 2375491
  • School Tax: 883.00
  • Tax Annual Amount: 1450.00
  • Assessor Parcel Number: 19-002.00-083
  • Tax Year: 2021
  • Close Date: 01/17/2022

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2021
Closed on
Jan 20, 2022
Sold by
Michael Cuomo
Bought by
Leonard Michael Joseph
Seller's Agent
Peggy Centrella
Patterson-Schwartz-Hockessin
Buyer's Agent
Lauren Janes
Compass
List Price
$275,000
Sold Price
$275,000
Current Estimated Value
$315,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,705
Avg. Annual Appreciation
3.77%
Original Mortgage
$223,850
Outstanding Balance
$207,207
Interest Rate
3.45%
Mortgage Type
FHA
Estimated Equity
$108,498

Purchase Details

Listed on
Oct 13, 2020
Closed on
Nov 23, 2020
Sold by
Fannie Mae
Bought by
Cuomo Michael
Seller's Agent
Paul Pantano
Pantano Real Estate Inc
Buyer's Agent
Erica Bader
Patterson-Schwartz-Hockessin
List Price
$99,900
Sold Price
$117,500
Premium/Discount to List
$17,600
17.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
109.47%
Original Mortgage
$170,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 6, 2020
Sold by
Marshall Mary L
Bought by
Bayview Loan Servicing Llc

Purchase Details

Closed on
Jun 1, 1986
Bought by
Marshall Mary L and Marshall James E
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
Leonard Michael Joseph -- Giordano Delcollo Werb & Gagne
Cuomo Michael $117,500 Crown Title Corp
Bayview Loan Servicing Llc $121,749 None Available
Marshall Mary L $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leonard Michael Joseph $223,850
Previous Owner Cuomo Michael $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/17/2022 01/17/22 Sold $275,000 0.0% $183 / Sq Ft
12/10/2021 12/10/21 Pending -- -- --
12/07/2021 12/07/21 For Sale $275,000 0.0% $183 / Sq Ft
11/17/2021 11/17/21 Pending -- -- --
11/15/2021 11/15/21 Price Changed $275,000 -3.0% $183 / Sq Ft
11/08/2021 11/08/21 Price Changed $283,500 -1.7% $189 / Sq Ft
11/02/2021 11/02/21 Price Changed $288,500 -2.2% $192 / Sq Ft
10/26/2021 10/26/21 For Sale $294,900 +151.0% $197 / Sq Ft
11/24/2020 11/24/20 Sold $117,500 +17.6% $78 / Sq Ft View Prior Sale
11/06/2020 11/06/20 Pending -- -- --
10/13/2020 10/13/20 For Sale $99,900 -- $67 / 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 $1,174 $35,800 $9,000 $26,800
2023 $1,023 $35,800 $9,000 $26,800
2022 $1,024 $35,800 $9,000 $26,800
2021 $995 $35,800 $9,000 $26,800
2020 $0 $35,800 $9,000 $26,800
2019 $1,188 $35,800 $9,000 $26,800
2018 $50 $35,800 $9,000 $26,800
2017 $957 $35,800 $9,000 $26,800
2016 $957 $35,800 $9,000 $26,800
2015 $888 $35,800 $9,000 $26,800
2014 $812 $35,800 $9,000 $26,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2009306

Bright MLS

APN: 19-002.00-083