NOT LISTED FOR SALE

515 W 7th St Wilmington, DE 19801

Downtown Wilmington Neighborhood

Estimated Value: $247,000 - $294,000

-- Bed
3 Baths
2,475 Sq Ft
$109/Sq Ft Est. Value

Last Sold December 09, 2014

Last sale price $55,000 $22 Per Sq Ft

Est. 401% increase in value since last sale

Current estimated payment $1,552/month

101 Days on Market

Highlights

  • No HOA
  • Heating System Uses Gas
  • 3-minute walk to Helen Chambers Playground

About This Home

As of December 2014

Most of property was renovated in 2007. Some painting has recently been done. Occupied unit has had tenant in place for 6 years. Short sale. Sales price and commissions are subject to third party approval.

Last Agent to Sell the Property

Ross Weiner

(302) 655-7677 rossweiner@aol.com RE/MAX Associates-Wilmington Listed on: 01/10/2014

RE/MAX Associates-Wilmington

Last Buyer's Agent

Jan Patrick

(484) 883-4532 jan@janpatrick.com Compass License #RS-0009488

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 18x84

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • 2,475 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 291
  • Assessor Parcel Number 26-035.10-291

Community Details

Overview

  • No Home Owners Association
  • Quaker Hill Subdivision

Building Details

  • Operating Expense $1,393

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
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • Inclusions: All Appliances In As/Is Condtion
  • New Construction: No
  • Year Built: 1880
  • Special Features: 12

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2475
  • Living Area Sq Ft: 2475
  • Price Per Sq Ft: 28.24
  • Above Grade Finished Sq Ft: 2475
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • 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: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 30500.00
  • Land Assessed Value: 3000.00
  • Lot Size Acres: 0.04
  • Lot Dimensions: 18X84
  • 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: 2411137
  • Tax Annual Amount: 1455.00
  • Assessor Parcel Number: 26-035.10-291
  • Tax Lot: 291
  • Tax Year: 2014

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2021
Sold by
515 West 7Th Street Llc
Bought by
Pabian Properties Llc
Current Estimated Value
$275,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,800
Outstanding Balance
$109,008
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
$161,492

Purchase Details

Closed on
Mar 21, 2016
Sold by
Hillam Shane
Bought by
515 W 7Th St Llc

Purchase Details

Listed on
Jan 10, 2014
Closed on
Dec 3, 2014
Sold by
Miller Mark S and Miller Jennifer
Bought by
Hillam Shane
Seller's Agent
Ross Weiner
RE/MAX Associates-Wilmington
Buyer's Agent
Jan Patrick
Compass
List Price
$99,900
Sold Price
$55,000
Premium/Discount to List
-$44,900
-44.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.55%
Original Mortgage
$44,000
Interest Rate
4.02%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 14, 2008
Sold by
B & Ww Associates Llc
Bought by
Miller Mark S and Miller Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,900
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 2007
Sold by
Hurtt Walter W and Kisielewski Benjamin
Bought by
B & Ww Associates Llc

Purchase Details

Closed on
May 31, 2007
Sold by
Pellot Arturo and Pellot Ellen L
Bought by
Hurtt Walter W and Kisielewski Benjamin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,360
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage
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
Pabian Properties Llc $151,000 None Available
515 W 7Th St Llc -- Attorney
Hillam Shane $55,000 None Available
Miller Mark S $169,900 None Available
B & Ww Associates Llc -- None Available
Hurtt Walter W $100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pabian Properties Llc $120,800
Previous Owner Hillam Shane $44,000
Previous Owner Miller Mark S $135,900
Previous Owner Hurtt Walter W $97,360
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2014 12/09/14 Sold $55,000 -44.9% $22 / Sq Ft
04/21/2014 04/21/14 Pending -- -- --
01/10/2014 01/10/14 For Sale $99,900 -- $40 / 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 $1,235 $33,500 $3,000 $30,500
2023 $1,204 $33,500 $3,000 $30,500
2022 $1,192 $33,500 $3,000 $30,500
2021 $1,161 $33,500 $3,000 $30,500
2020 $1,127 $33,500 $3,000 $30,500
2019 $1,649 $33,500 $3,000 $30,500
2018 $98 $33,500 $3,000 $30,500
2017 $1,553 $33,500 $3,000 $30,500
2016 $1,553 $33,500 $3,000 $30,500
2015 $1,455 $33,500 $3,000 $30,500
2014 $1,455 $33,500 $3,000 $30,500
Source: Public Records

Agents Affiliated with this Home

  • Ross Weiner

    Seller's Agent in 2014

    Ross Weiner

    RE/MAX

    (302) 655-7677

    117 Total Sales

    Ross Weiner
    Section Image
  • Jan Patrick

    Buyer's Agent in 2014

    Jan Patrick

    Compass

    (484) 883-4532

    220 Total Sales

    Jan Patrick
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002779464

Bright MLS

APN: 26-035.10-291

Delaware New Castle County Wilmington 19801 Downtown Wilmington

515 W 7th St, Wilmington, DE

Not Listed for Sale

MultiFamily

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