NOT LISTED FOR SALE

513 E 3rd St Wilmington, DE 19801

Downtown Wilmington Neighborhood

Estimated Value: $145,000 - $175,000

4 Beds
1.5 Baths
1,475 Sq Ft
$108/Sq Ft Est. Value

Last Sold August 27, 2018

Last sale price $42,500 $29 Per Sq Ft

Est. 258% increase in value since last sale

Current estimated payment $838/month

551 Days on Market

Highlights

  • No HOA
  • Living Room
  • Dining Room
  • Breakfast Area or Nook
  • Forced Air Heating System
  • 5-minute walk to Christina Park

About This Home

As of August 2018

Investor Alert, large 4-BR investment property available in heart of downtown, 1.5 baths, spacious rooms, fenced yard, currently tenant occupied for 950 per month on section 8 program, 48 hours notice needed to show, owner is selling portfolio of 6 city properties, wants to sell as a package, most are already rented, put this one on our tour today (Packaged property MLS #'s: 6925469, 6925254, 6925456, 6925460, 6925464, 6925466) Seller is licensed DE Realtor

Last Agent to Sell the Property

Evette Morrow

(302) 229-8723 evette@elmproperties.net ELM Properties Listed on: 01/30/2017

Last Buyer's Agent

Scott Farnan

(302) 528-8276 scott@scottfarnanteam.com BHHS Fox & Roach - Hockessin License #R3-0019815

BHHS Fox & Roach - Hockessin

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1890

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 17x86

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,475 Sq Ft Home
  • Property has 2 Levels
  • Living Room
  • Dining Room
  • Basement Fills Entire Space Under The House
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 163
  • Assessor Parcel Number 26-043.40-163

Townhouse Details

Home Type

Townhome

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Breakfast Area
  • Fireplace: No
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1
  • Basement: Yes
  • Basement Type: Full
  • Living Area Units: Square Feet
  • Total Sq Ft: 1475
  • Living Area Sq Ft: 1475
  • Net Sq Ft: 1475.00
  • Price Per Sq Ft: 31.86
  • Above Grade Finished Sq Ft: 1475
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Access To Pool: 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: 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

Lot Info

  • Improvement Assessed Value: 11100.00
  • Land Assessed Value: 2800.00
  • Lot Size Acres: 0.03
  • Lot Dimensions: 17X86
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • Property Attached Yn: Yes
  • Zoning: 26R5

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2415816
  • Tax Annual Amount: 649.00
  • Assessor Parcel Number: 26-043.40-163
  • Tax Lot: 163
  • Tax Year: 2017

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2020
Sold by
Gersten William
Bought by
Wilmington Vision Holdings Llc
Current Estimated Value
$152,333

Purchase Details

Listed on
Jan 30, 2017
Closed on
Aug 16, 2018
Sold by
B & E Equity Partners Llc
Bought by
Gersten William
Seller's Agent
Evette Morrow
ELM Properties
Buyer's Agent
Scott Farnan
BHHS Fox & Roach - Hockessin
List Price
$49,000
Sold Price
$42,500
Premium/Discount to List
-$6,500
-13.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.74%

Purchase Details

Closed on
Apr 13, 2010
Sold by
Us Bank National Association
Bought by
B & E Equity Partners Llc

Purchase Details

Closed on
Jan 16, 2007
Sold by
909 Associates Llc
Bought by
Sylvester Ray

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,075
Interest Rate
7.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 21, 2006
Sold by
Mcqueen Martha and Adams James
Bought by
909 Associates Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wilmington Vision Holdings Llc -- None Available
Gersten William $42,500 None Available
B & E Equity Partners Llc $27,000 None Available
Sylvester Ray $108,500 None Available
909 Associates Llc $37,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sylvester Ray $103,075
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2018 08/27/18 Sold $42,500 -9.6% $29 / Sq Ft
02/20/2018 02/20/18 Price Changed $47,000 -2.1% $32 / Sq Ft
05/02/2017 05/02/17 Price Changed $48,000 -2.0% $33 / Sq Ft
01/30/2017 01/30/17 For Sale $49,000 -- $33 / 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 $512 $13,900 $2,800 $11,100
2023 $500 $13,900 $2,800 $11,100
2022 $494 $13,900 $2,800 $11,100
2021 $482 $13,900 $2,800 $11,100
2020 $468 $13,900 $2,800 $11,100
2019 $684 $13,900 $2,800 $11,100
2018 $1,237 $13,900 $2,800 $11,100
2017 $645 $13,900 $2,800 $11,100
2016 $645 $13,900 $2,800 $11,100
2015 $604 $13,900 $2,800 $11,100
2014 $604 $13,900 $2,800 $11,100
Source: Public Records

Agents Affiliated with this Home

  • Evette Morrow

    Seller's Agent in 2018

    Evette Morrow

    ELM Properties

    (302) 229-8723

    18 in this area

    53 Total Sales

    Evette Morrow
    Section Image
  • Scott Farnan

    Buyer's Agent in 2018

    Scott Farnan

    BHHS Fox & Roach

    (302) 528-8276

    14 in this area

    211 Total Sales

    Scott Farnan
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000322737

Bright MLS

APN: 26-043.40-163

Delaware New Castle County Wilmington 19801 Downtown Wilmington

513 E 3rd St, Wilmington, DE

Not Listed for Sale

Townhouses

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