Seller's Agent in 2025
Tom Riccio
RE/MAX
(302) 893-0271
69 in this area
162 Total Sales
6-1/2 Lorewood Ave Wilmington, DE 19804
Ashley Neighborhood
--
Bed
--
Bath
--
Sq Ft
4,356
Sq Ft Lot
About This Home
As of November 2025Zoning is Commercial. Multi-Unit Commercial Property in Great Condition! Set in a great location, this property includes a Beauty Salon, a one bedroom apartment, a two bedroom apartment and a garage. The property is in excellent condition and well maintained over the years. Some zoning restrictions for business use, see disclosure for more info. So many possibilities for this property. Other uses could be a small office use, attorney, accountant, insurance agent, real estate agent... Regular residential financing will be difficult to get approved because of the commercial zoning. Split HVAC unit installed 2016 2nd floor, Split HVAC installed in lower level apt 2019, Updated electrical panels and separate meter for 2nd floor 2015, New Roof and gutters 2022, New water heater 2022.
Last Agent to Sell the Property
(302) 893-0271 TOM@ricciorealestate.com RE/MAX Point Realty Listed on: 09/18/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,631
Year Built
- Built in 1945
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 131.60 x 100.70
Parking
- On-Street Parking
Home Design
- Triplex
- Traditional Architecture
- Brick Exterior Construction
- Permanent Foundation
Utilities
- Window Unit Cooling System
- Hot Water Heating System
- Natural Gas Water Heater
Community Details
- 3 Units
Listing and Financial Details
- Tax Lot 311
- Assessor Parcel Number 07-043.10-311
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 18, 2025
Closed on
Nov 21, 2025
Sold by
Sterling Rental Properties Llc
Bought by
Wolfe Holdings Llc
Seller's Agent
Tom Riccio
RE/MAX Point Realty
Buyer's Agent
Kelly Reilly
Patterson-Schwartz-Newark
List Price
$395,000
Sold Price
$350,000
Premium/Discount to List
-$45,000
-11.39%
Views
85
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
650.07%
Original Mortgage
$280,000
Outstanding Balance
$280,000
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$107,100
Purchase Details
Closed on
Sep 8, 2015
Sold by
Winterringer Jeffrey A
Bought by
Sterling Rental Properties Llc
Purchase Details
Closed on
Jul 5, 2006
Sold by
Workman Bruce R
Bought by
Workman Bruce R and Workman Charlene J
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $350,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $280,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/21/2025 11/21/25 | Sold | $350,000 | -11.4% | -- |
| 10/10/2025 10/10/25 | Pending | -- | -- | -- |
| 09/18/2025 09/18/25 | For Sale | $395,000 | 0.0% | -- |
| 01/01/2017 01/01/17 | Rented | $800 | -14.0% | -- |
| 12/14/2016 12/14/16 | Under Contract | -- | -- | -- |
| 11/29/2016 11/29/16 | For Rent | $930 | +43.1% | -- |
| 02/01/2016 02/01/16 | Rented | $650 | 0.0% | -- |
| 01/22/2016 01/22/16 | Under Contract | -- | -- | -- |
| 01/11/2016 01/11/16 | For Rent | $650 | -18.8% | -- |
| 06/01/2015 06/01/15 | Rented | $800 | 0.0% | -- |
| 05/07/2015 05/07/15 | Under Contract | -- | -- | -- |
| 03/09/2015 03/09/15 | For Rent | $800 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,775 | $46,800 | $15,200 | $31,600 |
| 2023 | $1,590 | $46,800 | $15,200 | $31,600 |
| 2022 | $1,582 | $46,800 | $15,200 | $31,600 |
| 2021 | $1,581 | $46,800 | $15,200 | $31,600 |
| 2020 | $1,585 | $46,800 | $15,200 | $31,600 |
| 2019 | $1,581 | $46,800 | $15,200 | $31,600 |
| 2018 | $1,552 | $46,800 | $15,200 | $31,600 |
| 2017 | $1,534 | $46,800 | $15,200 | $31,600 |
| 2016 | $1,464 | $46,800 | $15,200 | $31,600 |
| 2015 | -- | $46,800 | $15,200 | $31,600 |
| 2014 | $1,274 | $46,800 | $15,200 | $31,600 |
Source: Public Records
Agents Affiliated with this Home
-
Tom Riccio
-
Kelly Reilly
Buyer's Agent in 2025
Kelly Reilly
Patterson Schwartz
(302) 290-7910
1 in this area
58 Total Sales
-
M
Seller's Agent in 2017
Marie Constantini
BHHS Fox & Roach
Map
Source: Bright MLS
MLS Number: DENC2088832
APN: 07-043.10-311
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