NOT LISTED FOR SALE

79 W 5th St New Castle, DE 19720

Estimated Value: $285,000 - $372,000

-- Bed
2 Baths
1,248 Sq Ft
$259/Sq Ft Est. Value

Last Sold March 06, 2018

Last sale price $185,000 $148 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $1,840/month

Highlights

  • Wood Flooring
  • En-Suite Primary Bedroom
  • Hot Water Heating System
  • No HOA
  • Forced Air Heating System

About This Home

As of March 2018

Brick, 2 unit property in New Castle. First floor is a one bedroom apt. Upper two floors are a 2 bedroom apartment. Good rental history. Both tenants want to stay. Laundry in basement for 1st floor apartment. Separate heat and electricity.

Last Agent to Sell the Property

Chris Cashman

(302) 545-2233 ccashman@psre.com Patterson-Schwartz-Newark License #AB067190 Listed on: 10/04/2017

Patterson-Schwartz-Newark

Last Buyer's Agent

Chris Cashman

(302) 545-2233 ccashman@psre.com Patterson-Schwartz-Newark License #AB067190 Listed on: 10/04/2017

Patterson-Schwartz-Newark

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,765

Year Built

  • Built in 1887

Lot Details

  • 1,742 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Additional Features

  • Wood Flooring
  • En-Suite Primary Bedroom
  • Laundry in unit
  • Partial Basement

Listing and Financial Details

  • Assessor Parcel Number 21 015.30 101

Community Details

Overview

  • No Home Owners Association
  • Old New Castle Subdivision

Building Details

  • Insurance Expense $1,100
  • Operating Expense $3,363

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,765

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1887
  • Remarks Public: Brick, 2 unit property in New Castle. First floor is a one bedroom apt. Upper two floors are a 2 bedroom apartment. Good rental history. Both tenants want to stay. Laundry in basement for 1st floor apartment. Separate heat and electricity.
  • Special Features: None

Interior Features

  • Flooring Type: Wood
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Partial
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Street Number Modifier: 79

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Shingle
  • 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
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 498.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: COLONIAL
  • School District Key: 300200396891

Lot Info

  • Improvement Assessed Value: 43800.00
  • Land Assessed Value: 8700.00
  • Lot Size Acres: 0.04
  • Lot Dimensions: 0 X 0
  • Lot Size Units: Square Feet
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: HR

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 18540.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2379930
  • Tax Annual Amount: 1765.00
  • Assessor Parcel Number: 21 015.30 101
  • Tax Year: 2017
  • Close Date: 03/06/2018

MLS Schools

  • School District Name: COLONIAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2017
Closed on
Mar 6, 2018
Sold by
Olde New Castle Properties Llc
Bought by
Lawn Management Llc
Seller's Agent
Chris Cashman
Patterson-Schwartz-Newark
Buyer's Agent
Chris Cashman
Patterson-Schwartz-Newark
List Price
$210,000
Sold Price
$185,000
Premium/Discount to List
-$25,000
-11.9%
Current Estimated Value
$323,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,241
Avg. Annual Appreciation
7.62%
Original Mortgage
$80,000
Outstanding Balance
$68,176
Interest Rate
4.15%
Mortgage Type
Commercial
Estimated Equity
$255,065

Purchase Details

Closed on
Jan 31, 2005
Sold by
Campbell Dorothy V
Bought by
Olde New Castle Properties Llc
Source: Public Records

Range of Values:

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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
Lawn Management Llc $185,000 None Available
Olde New Castle Properties Llc $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lawn Management Llc $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2018 03/06/18 Sold $185,000 -11.9% $148 / Sq Ft
01/23/2018 01/23/18 Pending -- -- --
10/04/2017 10/04/17 For Sale $210,000 -- $168 / 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 $1,507 $52,500 $8,700 $43,800
2023 $1,362 $52,500 $8,700 $43,800
2022 $1,416 $52,500 $8,700 $43,800
2021 $1,395 $52,500 $8,700 $43,800
2020 $0 $52,500 $8,700 $43,800
2019 $1,608 $52,500 $8,700 $43,800
2018 $1,389 $52,500 $8,700 $43,800
2017 $1,298 $52,500 $8,700 $43,800
2016 $1,135 $52,500 $8,700 $43,800
2015 $1,135 $52,500 $8,700 $43,800
2014 $1,136 $52,500 $8,700 $43,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001204223

Bright MLS

APN: 21-015.30-101