NOT LISTED FOR SALE

601 E 10th St Wilmington, DE 19801

Downtown Wilmington Neighborhood

Estimated Value: $131,000 - $248,000

Studio
1 Bath
1,932 Sq Ft
$101/Sq Ft Est. Value

Last Sold July 25, 2018

Last sale price $71,000 $37 Per Sq Ft

Est. 174% increase in value since last sale

Current estimated payment $1,104/month

19 Days on Market

Highlights

  • No HOA
  • Heating System Uses Gas
  • 4-minute walk to Kirkwood Park

About This Home

As of July 2018

Great investment opportunity! This property was originally used as commercial on the first floor with two 2-bedroom units on the upper floors. This owner is using it as a 4 unit property with 2 efficiency units on the first floor and two 2-bedroom units on the upper floors. Upstairs units have their own separate utilities. Owner pays utilities on the efficiencies. Needs a little TLC, but it's a profitable investment. Total monthly rent from this property is $2500. Current tenants are long term. Property will be sold in as-is condition. Come tour the property and make an offer!!

Last Agent to Sell the Property

Saundra Cooper

(844) 837-5274 info@teslarealtygroup.com Tesla Realty Group, LLC Listed on: 06/12/2018

Tesla Realty Group, LLC

Last Buyer's Agent

Charna Parler

(302) 453-3200 cprealtyfox@gmail.com RE/MAX Associates - Newark

RE/MAX Associates - Newark

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 17x71

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 229
  • Assessor Parcel Number 26-036.30-229

Community Details

Overview

  • No Home Owners Association
  • Wilm #24 Subdivision

Building Details

  • Operating Expense $1,554

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

1,307 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1919
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full

Exterior Features

  • Construction Materials: Brick
  • 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

  • Lot Size Acres: 0.03
  • Lot Dimensions: 17X71
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • Zoning: 26R-3

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Tax Annual Amount: 1554.00
  • Assessor Parcel Number: 26-036.30-229
  • Tax Lot: 229
  • Tax Year: 2017

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2020
Sold by
Colella Janet M
Bought by
Melange Properties Llc
Current Estimated Value
$194,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,910
Outstanding Balance
$58,815
Interest Rate
2.7%
Mortgage Type
Seller Take Back
Estimated Equity
$135,681

Purchase Details

Listed on
Jun 12, 2018
Closed on
Jul 25, 2018
Sold by
Aaron Jermaine and Aaron Jenifer
Bought by
Colella Janet M
Seller's Agent
Saundra Cooper
Tesla Realty Group, LLC
Buyer's Agent
Charna Parler
RE/MAX Associates - Newark
List Price
$69,900
Sold Price
$71,000
Premium/Discount to List
$1,100
1.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.26%

Purchase Details

Closed on
Apr 13, 2010
Sold by
States Resources Corp
Bought by
Aaron Jermaine and Aaron Jennifer

Purchase Details

Closed on
Aug 25, 2009
Sold by
Eastside Citizens Inc
Bought by
States Resources Corp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Melange Properties Llc -- North American Title Ins Co
Colella Janet M $71,000 None Available
Aaron Jermaine $55,000 None Available
States Resources Corp $14,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melange Properties Llc $65,910
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2018 07/25/18 Sold $71,000 +1.6% $37 / Sq Ft
07/01/2018 07/01/18 Pending -- -- --
06/12/2018 06/12/18 For Sale $69,900 -- $36 / Sq Ft
Source: Bright MLS

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 $1,228 $33,300 $1,800 $31,500
2023 $1,197 $33,300 $1,800 $31,500
2022 $1,185 $33,300 $1,800 $31,500
2021 $1,154 $33,300 $1,800 $31,500
2020 $1,121 $33,300 $1,800 $31,500
2019 $1,639 $33,300 $1,800 $31,500
2018 $1,029 $33,300 $1,800 $31,500
2017 $1,544 $33,300 $1,800 $31,500
2016 $1,544 $33,300 $1,800 $31,500
2015 $1,446 $33,300 $1,800 $31,500
2014 $1,446 $33,300 $1,800 $31,500
Source: Public Records

Agents Affiliated with this Home

  • Saundra Cooper

    Seller's Agent in 2018

    Saundra Cooper

    Tesla Realty Group, LLC

    (302) 354-6993

    25 Total Sales

    Saundra Cooper
    Section Image
  • Charna Parler

    Buyer's Agent in 2018

    Charna Parler

    RE/MAX

    (302) 437-5764

    1 in this area

    55 Total Sales

    Charna Parler
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001883152

Bright MLS

APN: 26-036.30-229

Delaware New Castle County Wilmington 19801 Downtown Wilmington

601 E 10th St, Wilmington, DE

Not Listed for Sale

MultiFamily

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