731 W 4th St Wilmington, DE 19801
Downtown Wilmington NeighborhoodEstimated Value: $97,000 - $161,000
--
Bed
1
Bath
1,175
Sq Ft
$109/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Porch
- Hot Water Heating System
- Deck
- Ceramic Tile Flooring
- 2-minute walk to Helen Chambers Playground
About This Home
As of August 2022Welcome to Adams Four at the bottom of West Center City in the heart of the City of Wilmington! A convenient location adjacent to interstate highways, the Central Business District, the attractions on The Riverfront and much more. Looking to get the most out of your dollar? Take a look at this all brick, multi-family row home! Two, well scaled, 1 bedroom and 1 full bath units have been thoughtfully crafted within the original confinements of this all brick structure. Open and airy front porch leads to tiled vestibule area. Main floor unit walks into living space with spacious kitchen opening and bar area. Full bathroom with updated tub surround, flooring, vanity and toilet. Bedroom with access to rear deck and fenced in yard. Flooring consists of laminate plank and tile, both in solid condition as well as granite tops in the kitchen. Second level basically mirrors the first. Walk up steps into hallway landing which is then flanked by kitchen, living space, and then bathroom and bedroom on the rear. Kitchen has tile flooring, granite tops and an opening with bar to living area. Bathroom has tile flooring, tile tub surround, updated toilet and vanity. Bedroom with access to rear deck which has a set of steps down to rear yard. All systems are separate. Two hot water tanks, two furnaces, each unit has its own electric panel in the unit. Mechanicals appear serviceable. Separate main access and secondary means of egress. Property in general needs to be cleaned out of minor debris, scrubbed with foamy bubbles and maybe a coat of paint. Then it's ready for either your two new tenants, or potentially live in one and rent the other scenario. This makes it both appealing to investors and savvy home owners alike. Priced well in todays otherwise aggressive market all things considered. Put your money into real estate as a hedge against inflation and get the benefit of write offs, deductions, as well as cash flow and appreciation/equity. Settle today and you'll have countless potential tenants tomorrow!
Last Agent to Sell the Property
Pantano Real Estate Inc License #RS-0018346 Listed on: 05/31/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $734
Year Built
- Built in 1900 | Remodeled in 2021
Lot Details
- 1,742 Sq Ft Lot
- Lot Dimensions are 15.70 x 117.50
- Property is in average condition
Parking
- On-Street Parking
Home Design
- Duplex
- Colonial Architecture
- Flat Roof Shape
- Brick Exterior Construction
- Stone Foundation
Interior Spaces
- 1,175 Sq Ft Home
- Basement
- Interior Basement Entry
Flooring
- Laminate
- Ceramic Tile
Outdoor Features
- Deck
- Exterior Lighting
- Porch
Location
- Urban Location
Utilities
- Hot Water Heating System
- 150 Amp Service
- Natural Gas Water Heater
- Municipal Trash
Community Details
- 2 Units
- 2-Story Building
Listing and Financial Details
- The owner pays for insurance, sewer, real estate taxes, water
- Tax Lot 169
- Assessor Parcel Number 26-034.40-169
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 31, 2022
Closed on
Aug 3, 2022
Sold by
Nicholas Aglio
Bought by
Guven Eray
Seller's Agent
Joseph Hurley
Pantano Real Estate Inc
Buyer's Agent
Daniel Bloom
Long & Foster Real Estate, Inc.
List Price
$90,000
Sold Price
$75,000
Premium/Discount to List
-$15,000
-16.67%
Views
3
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,965
Avg. Annual Appreciation
16.43%
Purchase Details
Listed on
Jul 21, 2020
Closed on
Aug 4, 2020
Sold by
Vanderlaan Dylan
Bought by
Aglio Nicholas
Seller's Agent
Robert 'Bob' Blackhurst
Compass
Buyer's Agent
MILLIE GUZMAN
BHHS Fox & Roach-Greenville
List Price
$40,000
Sold Price
$35,000
Premium/Discount to List
-$5,000
-12.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.11%
Purchase Details
Listed on
Jan 20, 2020
Closed on
Apr 21, 2020
Sold by
Lsf1o Master Participation Trust
Bought by
Vanderlaan Dylan
Seller's Agent
Priscilla Aidoo Yeboah
Tesla Realty Group, LLC
Buyer's Agent
Robert 'Bob' Blackhurst
Compass
List Price
$37,900
Sold Price
$34,000
Premium/Discount to List
-$3,900
-10.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.29%
Purchase Details
Closed on
Jun 18, 2018
Sold by
Mckoy Joshua and Prince Rohan A
Bought by
Prince Rohan A
Purchase Details
Closed on
Aug 27, 2007
Sold by
Emc Mortgage Corp
Bought by
Mckoy Joshua and Prince Rohan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,700
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 12, 2007
Sold by
Corrin Kenneth M and Suntrust Mortgage Inc
Bought by
Emc Mortgage Corp
Purchase Details
Closed on
Nov 28, 2005
Sold by
Francis Noel and Francis Lesbia M
Bought by
Corrin Kenneth M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.06%
Mortgage Type
Fannie Mae Freddie Mac
Similar Home 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Guven Eray | -- | Giordano Delcollo Werb & Gagne | |
| Aglio Nicholas | -- | None Available | |
| Vanderlaan Dylan | $34,000 | None Available | |
| Prince Rohan A | -- | None Available | |
| Mckoy Joshua | $93,000 | None Available | |
| Emc Mortgage Corp | $63,000 | None Available | |
| Corrin Kenneth M | $110,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mckoy Joshua | $83,700 | |
| Previous Owner | Corrin Kenneth M | $88,000 | |
| Previous Owner | Corrin Kenneth M | $22,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2022 08/08/22 | Sold | $75,000 | -6.3% | $64 / Sq Ft |
| 07/21/2022 07/21/22 | Price Changed | $80,000 | -11.1% | $68 / Sq Ft |
| 05/31/2022 05/31/22 | For Sale | $90,000 | +157.1% | $77 / Sq Ft |
| 08/05/2020 08/05/20 | Sold | $35,000 | -12.5% | $30 / Sq Ft |
| 07/24/2020 07/24/20 | Pending | -- | -- | -- |
| 07/21/2020 07/21/20 | For Sale | $40,000 | +17.6% | $34 / Sq Ft |
| 05/07/2020 05/07/20 | Sold | $34,000 | -10.3% | $29 / Sq Ft |
| 03/04/2020 03/04/20 | Pending | -- | -- | -- |
| 01/20/2020 01/20/20 | For Sale | $37,900 | -- | $32 / Sq Ft |
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 | $509 | $13,800 | $3,700 | $10,100 |
| 2023 | $496 | $13,800 | $3,700 | $10,100 |
| 2022 | $292 | $13,800 | $3,700 | $10,100 |
| 2021 | $679 | $13,800 | $3,700 | $10,100 |
| 2020 | $679 | $13,800 | $3,700 | $10,100 |
| 2019 | $679 | $13,800 | $3,700 | $10,100 |
| 2018 | $178 | $13,800 | $3,700 | $10,100 |
| 2017 | $640 | $13,800 | $3,700 | $10,100 |
| 2016 | $640 | $13,800 | $3,700 | $10,100 |
| 2015 | $599 | $13,800 | $3,700 | $10,100 |
| 2014 | $599 | $13,800 | $3,700 | $10,100 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Hurley
Seller's Agent in 2022
Joseph Hurley
Pantano Real Estate Inc
(302) 740-5524
44 in this area
286 Total Sales
-
Daniel Bloom
Buyer's Agent in 2022
Daniel Bloom
Long & Foster
(302) 668-8996
17 in this area
78 Total Sales
-
Robert 'Bob' Blackhurst
Seller's Agent in 2020
Robert 'Bob' Blackhurst
Compass
(302) 723-3770
3 in this area
226 Total Sales
-
Priscilla Aidoo Yeboah
Seller's Agent in 2020
Priscilla Aidoo Yeboah
Tesla Realty Group, LLC
(302) 898-6379
4 in this area
113 Total Sales
-
MILLIE GUZMAN
M
Buyer's Agent in 2020
MILLIE GUZMAN
BHHS Fox & Roach
(302) 765-8008
4 in this area
27 Total Sales
Map
Source: Bright MLS
MLS Number: DENC2024672
APN: 26-034.40-169
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