NOT LISTED FOR SALE

Estimated Value: $243,434 - $372,000

-- Bed
1 Bath
2,150 Sq Ft
$134/Sq Ft Est. Value

Last Sold November 20, 2023

Last sale price $295,000 $137 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,594/month

14 Days on Market

Highlights

  • Built in 1890 | Remodeled in 2022
  • More Than Two Accessible Exits
  • Property is in excellent condition
  • Straight Thru Architecture
  • 90% Forced Air Heating and Cooling System
  • 1-minute walk to Helen Chambers Playground

About This Home

As of November 2023

Fully renovated duplex with all permits and zoning located in the heart of the City of Wilmington. This is the perfect addition to an investors rental portfolio. Updated systems include: electric, plumbing, windows, (2) HVAC units, (2) gas meters, hot water tanks, and so much more! This is the best property in town!
The first unit is located on the lower level with 2 bedrooms, 1 bathroom. The apartment has an open floor plan with brand new stainless steel appliances, fresh paint, granite countertops and vinyl wood floors. The apartment has access to the basement with plenty of storage and the backyard.
Unit 2 makes up the 2nd and 3rd floor with 4 nice sized bedrooms and 2 full bathrooms. The property has laminate floors throughout, stainless steel appliances, fresh paint, and granite countertops.
Current rents: 2 bedroom at $1,200 and 4 bedroom at $1,792 (Section 8 approved). Both unit leases expire February 2025. Opportunity is knocking! Who wants a chance at a fully renovated investment property that is turnkey ready and income producing?

Please be advised that this property is located in a geographic area which may result in the buyer being eligible for special loan programs which may provide additional financial assistance to buyers.

Landlord pays real estate taxes and sewer.

Last Agent to Sell the Property

VAIDRA JOHNSON

(336) 577-3810 vaidra001@gmail.com BHHS Fox & Roach-Concord Listed on: 09/29/2023

BHHS Fox & Roach-Concord

Co-Listed By

Tremaine Johnson

(302) 650-9874 mrtremainejohnson@gmail.com BHHS Fox & Roach-Concord License #RS-0022741

Last Buyer's Agent

Giselle DiFrancescesca

(302) 393-6657 giselle@c21gk.com Coldwell Banker Realty License #0023191

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,478

Year Built

  • Built in 1890 | Remodeled in 2022

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 17.00 x 75.00
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • 2,150 Sq Ft Home
  • Duplex
  • Straight Thru Architecture
  • Brick Exterior Construction
  • Brick Foundation

Kitchen

  • Stove
  • Microwave

Utilities

  • 90% Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Stacked Washer and Dryer
  • More Than Two Accessible Exits
  • Unfinished Basement

Community Details

  • Rent Control

Listing and Financial Details

  • The owner pays for insurance, sewer, real estate taxes
  • Tax Lot 197
  • Assessor Parcel Number 26-035.10-197

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,478

Year Built

Built in 1890 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Straight Thru
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Exclusions: Tenants personal property
  • New Construction: Yes
  • Expected On Market: 2023-09-29
  • Year Built: 1890
  • Year Renovated: 2022
  • Automatically Close On Close Date: No
  • Special Features: NewHome
  • Stories: 0

Interior Features

  • Appliances: Microwave, Refrigerator, Stove, Water Heater, Washer/Dryer Stacked
  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2150
  • Living Area Sq Ft: 2150
  • Price Per Sq Ft: 139.54
  • Above Grade Finished Sq Ft: 2150
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below 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
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.03
  • Lot Dimensions: 17.00 x 75.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • Property Condition: Excellent
  • Zoning: 26R-4
  • In City Limits: Yes

Rental Info

  • Owner Pays: Insurance, Sewer, Taxes - Real Estate
  • Rent Control: Yes
  • Total Actual Rent: 35904.00
  • Units Furnished: Some
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 902.00
  • Tax Annual Amount: 1478.00
  • Assessor Parcel Number: 26-035.10-197
  • Tax Lot: 197
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2023
Closed on
Nov 20, 2023
Sold by
Build A Legacy Real Estate Inc
Bought by
Alabi Adedapo
Seller's Agent
VAIDRA JOHNSON
BHHS Fox & Roach-Concord
Buyer's Agent
Giselle DiFrancescesca
Coldwell Banker Realty
List Price
$300,000
Sold Price
$295,000
Premium/Discount to List
-$5,000
-1.67%
Views
251
Current Estimated Value
$287,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,891
Avg. Annual Appreciation
-1.31%
Original Mortgage
$221,250
Outstanding Balance
$217,256
Interest Rate
7.57%
Mortgage Type
New Conventional
Estimated Equity
$69,853

Purchase Details

Closed on
Oct 1, 2022
Sold by
Sculpture Visions Llc
Bought by
Build A Legacy Real Estate Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,250
Interest Rate
5.66%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 15, 2020
Closed on
Nov 6, 2020
Sold by
K & R Brown Llc
Bought by
Sculpture Visions Llc
Seller's Agent
Denine Taraskus
Weichert Realtors Cornerstone
Buyer's Agent
Tremaine Johnson
BHHS Fox & Roach-Concord
List Price
$45,000
Sold Price
$25,000
Premium/Discount to List
-$20,000
-44.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
61.39%

Purchase Details

Listed on
Jul 15, 2020
Closed on
Oct 1, 2020
Sold by
K & R Brown Llc
Bought by
Sculpture Visions Llc
Seller's Agent
Denine Taraskus
Weichert Realtors Cornerstone
Buyer's Agent
Tremaine Johnson
BHHS Fox & Roach-Concord
List Price
$45,000
Sold Price
$25,000
Premium/Discount to List
-$20,000
-44.44%

Purchase Details

Listed on
Nov 30, 2016
Closed on
Jan 20, 2017
Sold by
Brown Kimoy Tyrone and Torjilar Rita Catherine
Bought by
K & R Brown Llc
Seller's Agent
Don Ash
Alliance Realty
Buyer's Agent
Katina Geralis
EXP Realty, LLC
List Price
$14,900
Sold Price
$11,900
Premium/Discount to List
-$3,000
-20.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.70%

Purchase Details

Listed on
Nov 30, 2016
Closed on
Jan 19, 2017
Sold by
M And T Bank
Bought by
Brown Kimoy Tyrone and Torjilar Rita Catherine
Seller's Agent
Don Ash
Alliance Realty
Buyer's Agent
Katina Geralis
EXP Realty, LLC
List Price
$14,900
Sold Price
$11,900
Premium/Discount to List
-$3,000
-20.13%

Purchase Details

Closed on
Oct 7, 2016
Sold by
M & T Bank
Bought by
M & T Bank

Purchase Details

Closed on
Dec 17, 2007
Sold by
Hsbc Bank Usa Na
Bought by
Pierce Danon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,910
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 11, 2007
Sold by
Daniels Noelle E
Bought by
Hsbc Bank Usa Na and Home Equity Loan Trust Series Ace 2006-H

Purchase Details

Closed on
Oct 28, 2005
Sold by
Derrington George Murray and Derrington Janet Meredith
Bought by
Daniels Noelle E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,010
Interest Rate
8.1%
Mortgage Type
Fannie Mae Freddie Mac
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
Alabi Adedapo -- None Listed On Document
Build A Legacy Real Estate Inc -- --
Sculpture Visions Llc -- Fox Rothschild Llp
Sculpture Visions Llc -- None Available
K & R Brown Llc -- None Available
Brown Kimoy Tyrone -- None Available
M & T Bank $21,700 None Available
Pierce Danon $59,900 None Available
Hsbc Bank Usa Na $72,000 None Available
Daniels Noelle E $88,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alabi Adedapo $221,250
Previous Owner Build A Legacy Real Estate Inc $85,250
Previous Owner Pierce Danon $53,910
Previous Owner Daniels Noelle E $75,010
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2023 11/20/23 Sold $295,000 -1.7% $137 / Sq Ft
10/14/2023 10/14/23 Pending -- -- --
10/10/2023 10/10/23 Price Changed $300,001 0.0% $140 / Sq Ft
09/29/2023 09/29/23 For Sale $300,000 +1100.0% $140 / Sq Ft
10/30/2020 10/30/20 Sold $25,000 -44.4% $12 / Sq Ft View Prior Sale
10/12/2020 10/12/20 Pending -- -- --
09/03/2020 09/03/20 For Sale $45,000 0.0% $21 / Sq Ft
08/14/2020 08/14/20 Pending -- -- --
07/15/2020 07/15/20 For Sale $45,000 +278.2% $21 / Sq Ft
01/20/2017 01/20/17 Sold $11,900 -20.1% $6 / Sq Ft View Prior Sale
01/05/2017 01/05/17 Pending -- -- --
11/30/2016 11/30/16 For Sale $14,900 -- $7 / 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 $1,006 $27,300 $2,600 $24,700
2023 $981 $27,300 $2,600 $24,700
2022 $971 $27,300 $2,600 $24,700
2021 $946 $27,300 $2,600 $24,700
2020 $919 $27,300 $2,600 $24,700
2019 $1,344 $27,300 $2,600 $24,700
2018 $646 $27,300 $2,600 $24,700
2017 $1,266 $27,300 $2,600 $24,700
2016 $1,266 $27,300 $2,600 $24,700
2015 $1,186 $27,300 $2,600 $24,700
2014 $1,185 $27,300 $2,600 $24,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2048874

Bright MLS

APN: 26-035.10-197