8 Commonwealth Ave Claymont, DE 19703
Estimated payment $11,317/month
Highlights
- Contemporary Architecture
- Wood Flooring
- Heating Available
- Claymont Elementary School Rated A
- Central Air
About This Home
Available now! 10 - 12 units, based on how it is broken down. Once in a lifetime opportunity to own an entire building with Commercial and Residential units. Updated financials will be added. Current owner has increased rents and made numerous improvements throughout. Perfect opportunity to buy now and utilize the increased Cash Flow (and not have to worry about getting costly repairs/upgrades completed). All payments from current tenants are being converted to online payments to make it very easy for the new owner to take over the reigns. Additional Notes Below: A building with a rich history stands proudly at the entrance to Overlook Colony. With the revitalization going on in Claymont, it has seen many changes since 1917 when constructed by General Chemical Company. Initially, the two-story building with a full basement was used as the community center for Overlook Colony and was placed at the main entrance just off of Philadelphia Pike. The Colony was planned and developed by General Chemical to house their employees in what were very nice, substantial homes at the time. Besides being called the community center it was later known as Redman's Hall; a meeting place for a fraternal group. It also housed activities of the Holy Rosary Church and stores including Shinn's and later, Steins. If you walk the halls of our building you will notice a lovely plaque that was presented to the three of us by the Claymont Fire Company. It commemorates the fact that many years ago, all of the organizational meetings of the fire company were held in our building. Also, up until 1924, when the Claymont School was built on a lot donated by General Chemical, the community center provided several rooms to take care of the educational needs of the children in the Colony. In 1989, new owners purchased the building and since then have tried to keep the glory of the building's former days while completely modernizing the structure. Because of our efforts, they were presented with a New Castle County Historic Preservation Award in 2000 and were given a grant of $2,500 from General Chemical in 2002 to help beautify the front of the building. Much thought, work, and finances have been expended over the years.
*** Basement unit is also coming up for rent.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,044
Year Built
- Built in 1917
Lot Details
- 0.28 Acre Lot
- Lot Dimensions are 120.00 x 100.00
Parking
- On-Street Parking
Home Design
- Contemporary Architecture
- Traditional Architecture
- Converted Dwelling
- Combination Foundation
- Permanent Foundation
- Slate Roof
- Stone Siding
Flooring
- Wood
- Luxury Vinyl Plank Tile
Utilities
- Central Air
- Heating Available
- Natural Gas Water Heater
Additional Features
- Basement
Community Details
- 4 Units
- 3-Story Building
- Overlook Colony Subdivision
Listing and Financial Details
- Assessor Parcel Number 06-084.00-439
Map
Home Values in the Area
Average Home Value in this Area
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 | $6,044 | $158,300 | $21,300 | $137,000 |
| 2023 | $5,585 | $158,300 | $21,300 | $137,000 |
| 2022 | $5,616 | $158,300 | $21,300 | $137,000 |
| 2021 | $5,615 | $158,300 | $21,300 | $137,000 |
| 2020 | $5,617 | $158,300 | $21,300 | $137,000 |
| 2019 | $5,608 | $158,300 | $21,300 | $137,000 |
| 2018 | $247 | $158,300 | $21,300 | $137,000 |
| 2017 | $5,282 | $158,300 | $21,300 | $137,000 |
| 2016 | $5,282 | $158,300 | $21,300 | $137,000 |
| 2015 | $4,864 | $158,300 | $21,300 | $137,000 |
| 2014 | $4,858 | $158,300 | $21,300 | $137,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | For Sale | $1,999,999 | -- | $174 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Ward & Taylor Llc | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $600,600 | New Conventional | |
| Previous Owner | $36,000 | Commercial | |
| Previous Owner | $175,000 | Commercial |
Source: Bright MLS
MLS Number: DENC2086848
APN: 06-084.00-439
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