700 E 7th St Wilmington, DE 19801
Downtown Wilmington Neighborhood
--
Bed
--
Bath
--
Sq Ft
1,742
Sq Ft Lot
About This Home
As of December 2022Investor alert; fully rented turnkey triplex. This 3-story building features a 1 bedroom, 1 Full bath on the first floor that rents for $650/month, a 2-bedroom, 1 Full bath unit on the second floor that rents for $800/month and a 3 bedroom, 1 Full bath that rents for $895. Total monthly income is $2,345.
Don't miss the opportunity to add this cash flowing property to your portfolio. Landlord pays for water and sewer. Conveniently located near Center City Wilmington, Routes 13 & I95, restaurants and shopping.
Last Agent to Sell the Property
Long & Foster Real Estate, Inc. Listed on: 09/09/2021
Last Buyer's Agent
James Jones
EXP Realty, LLC
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $133
Year Built
- Built in 1900
Lot Details
- 1,742 Sq Ft Lot
- Lot Dimensions are 20.00 x 85.00
Parking
- On-Street Parking
Home Design
- Triplex
- Brick Exterior Construction
- Stone Foundation
Utilities
- Central Heating
- Natural Gas Water Heater
Community Details
- 3 Units
- Wilm #10 Subdivision
Listing and Financial Details
- Tax Lot 220
- Assessor Parcel Number 26-044.10-220
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 15, 2022
Closed on
Dec 16, 2022
Sold by
Early James
Bought by
Rodriguez Jonathan and Rodriguez Grace A
Seller's Agent
Brian Foraker
Foraker Realty Co.
Buyer's Agent
Corey Harris
Crown Homes Real Estate
List Price
$260,000
Sold Price
$260,000
Views
156
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,290
Outstanding Balance
$248,434
Interest Rate
6.58%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 1, 2022
Sold by
Michaela Grace Llc
Bought by
Early James
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
4.67%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 9, 2021
Closed on
Oct 14, 2021
Sold by
Hanks Ryan and Wingle David
Bought by
Michaela Grace Llc
Seller's Agent
Brandon Murray
Long & Foster Real Estate, Inc.
Buyer's Agent
James Jones
EXP Realty, LLC
List Price
$199,900
Sold Price
$199,900
Purchase Details
Closed on
Oct 3, 2016
Sold by
Kaza Harsha and Kaza Srinivas
Bought by
Hanks Ryan and Wingle David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,000
Interest Rate
3.5%
Mortgage Type
Commercial
Purchase Details
Listed on
Sep 11, 2015
Closed on
Apr 5, 2016
Sold by
Conley Tim and Conley Marsha F
Bought by
Kaza Srinivas and Kaza Harsha
Seller's Agent
H. Peter Tran
Premier Realty Inc
Buyer's Agent
Daniel Logan
Patterson-Schwartz-Hockessin
List Price
$139,900
Sold Price
$65,000
Premium/Discount to List
-$74,900
-53.54%
Purchase Details
Listed on
Sep 20, 2013
Closed on
Nov 7, 2013
Sold by
Us Bank Na
Bought by
Conley Tim and Conley Marsha F
Seller's Agent
Kathleen Pennington
RE/MAX Elite
Buyer's Agent
Patrick Pennington
RE/MAX Elite
List Price
$24,900
Sold Price
$12,000
Premium/Discount to List
-$12,900
-51.81%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
103.37%
Purchase Details
Closed on
Jul 12, 2005
Sold by
Dimarcantonio David
Bought by
Ldl Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,200
Interest Rate
5.94%
Mortgage Type
Commercial
Purchase Details
Closed on
May 20, 2005
Sold by
Dowell Brandon L
Bought by
Dimarcantonio David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,200
Interest Rate
5.94%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 30, 2004
Sold by
Meyer & Meyer Inc
Bought by
Dowell Brandon L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,950
Interest Rate
5.82%
Mortgage Type
Commercial
Similar Homes in Wilmington, DE
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 | -- | -- | |
| Deed | -- | Ward & Taylor Llc | |
| Deed | -- | None Available | |
| Deed | -- | None Available | |
| Deed | $65,000 | Attorney | |
| Special Warranty Deed | $12,000 | None Available | |
| Deed | -- | -- | |
| Deed | $219,000 | -- | |
| Deed | $187,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $255,290 | FHA | |
| Previous Owner | $147,000 | New Conventional | |
| Previous Owner | $69,000 | Commercial | |
| Previous Owner | $175,200 | Commercial | |
| Previous Owner | $21,900 | Commercial | |
| Previous Owner | $158,950 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/16/2022 12/16/22 | Sold | $260,000 | 0.0% | -- |
| 08/15/2022 08/15/22 | For Sale | $260,000 | +30.1% | -- |
| 09/30/2021 09/30/21 | Sold | $199,900 | 0.0% | -- |
| 09/09/2021 09/09/21 | For Sale | $199,900 | +207.5% | -- |
| 04/08/2016 04/08/16 | Sold | $65,000 | -53.5% | -- |
| 03/21/2016 03/21/16 | Pending | -- | -- | -- |
| 09/11/2015 09/11/15 | For Sale | $139,900 | +1065.8% | -- |
| 11/20/2013 11/20/13 | Sold | $12,000 | -51.8% | -- |
| 11/01/2013 11/01/13 | Pending | -- | -- | -- |
| 09/20/2013 09/20/13 | For Sale | $24,900 | -- | -- |
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 | $232 | $6,300 | $2,600 | $3,700 |
| 2023 | $227 | $6,300 | $2,600 | $3,700 |
| 2022 | $224 | $6,300 | $2,600 | $3,700 |
| 2021 | $218 | $6,300 | $2,600 | $3,700 |
| 2020 | $212 | $6,300 | $2,600 | $3,700 |
| 2019 | $310 | $6,300 | $2,600 | $3,700 |
| 2018 | $2,075 | $6,300 | $2,600 | $3,700 |
| 2017 | $117 | $6,300 | $2,600 | $3,700 |
| 2016 | $117 | $6,300 | $2,600 | $3,700 |
| 2015 | $274 | $6,300 | $2,600 | $3,700 |
| 2014 | $274 | $6,300 | $2,600 | $3,700 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2022
Brian Foraker
Foraker Realty Co.
(302) 420-4616
5 in this area
410 Total Sales
-
Buyer's Agent in 2022
Corey Harris
Crown Homes Real Estate
(302) 729-2881
8 in this area
478 Total Sales
-
Buyer Co-Listing Agent in 2022
Craig Harris
Crown Homes Real Estate
(302) 598-8281
4 in this area
105 Total Sales
-
Seller's Agent in 2021
Brandon Murray
Long & Foster
(302) 367-8074
4 in this area
119 Total Sales
-
J
Buyer's Agent in 2021
James Jones
EXP Realty, LLC
-
Seller's Agent in 2016
H. Peter Tran
Premier Realty Inc
(302) 547-9003
56 Total Sales
Map
Source: Bright MLS
MLS Number: DENC2006670
APN: 26-044.10-220
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