NOT LISTED FOR SALE

Estimated Value: $524,390

-- Bed
-- Bath
-- Sq Ft
4,356 Sq Ft Lot

Last Sold July 09, 2018

Last sale price $320,000

Est. 64% increase in value since last sale

Current estimated payment $2,953/month

27 Days on Market

Highlights

  • 0.1 Acre Lot
  • No HOA
  • South Facing Home
  • Wood Flooring
  • En-Suite Primary Bedroom
  • 2-minute walk to Tilton Park

About This Home

As of July 2018

Great opportunity to own an apartment building in Cool Spring. 6 Units all filled and producing great revenue. Building has been maintained and managed for years keeping everything in good working order.

Last Agent to Sell the Property

Christopher Pataki

RE/MAX Associates-Hockessin License #RS-0019092 Listed on: 04/27/2018

RE/MAX Associates-Hockessin

Last Buyer's Agent

Hovik Nazarian

Long & Foster Real Estate, Inc. License #RS-0024463

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,388

Year Built

  • Built in 1918

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 50x90
  • South Facing Home
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Pitched Roof
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Unfinished Basement

  • Partial Basement
  • Drainage System

Schools

  • William C. Lewis Dual Language Elementary School
  • Skyline Middle School
  • Alexis I. Dupont High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 018
  • Assessor Parcel Number 26-027.40-018

Community Details

Overview

  • No Home Owners Association
  • Cool Spring Subdivision

Building Details

  • Electric Expense $500
  • Insurance Expense $2,258
  • Maintenance Expense $2,232
  • Other Expense $6,461
  • Operating Expense $20,231

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,388

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 6461.00
  • Storage: Basement
  • Year Built: 1918
  • Remarks Public: Great opportunity to own an apartment building in Cool Spring. 6 Units all filled and producing great revenue. Building has been maintained and managed for years keeping everything in good working order.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Vinyl, Laminated
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone, Concrete Perimeter
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Partial, Unfinished, Drainage System
  • Street Number Modifier: 801

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat, Pitched
  • 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

  • Annual Heating Expense: 5722.00
  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Electric Expense: 500.00
  • Electric Service: Circuit Breakers, Fuses
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1670.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: RED CLAY CONSOLIDATED
  • Elementary School: WILLIAM C. LEWIS DUAL LANGUAGE
  • Middle School: SKYLINE
  • High School: ALEXIS I. DUPONT
  • School District Key: 300200396545
  • Elementary School: WILLIAM C. LEWIS DUAL LANGUAGE
  • High School: ALEXIS I. DUPONT
  • Middle Or Junior School: SKYLINE

Lot Info

  • Improvement Assessed Value: 56700.00
  • Land Assessed Value: 8700.00
  • Lot Size Acres: 0.10
  • Lot Dimensions: 50X90
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4356.00
  • Property Condition: Good
  • Zoning: 26R-3

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 47669.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

Tax Info

  • Assessor Parcel Number: 2404261
  • Tax Annual Amount: 1388.00
  • Assessor Parcel Number: 26-027.40-018
  • Tax Lot: 018
  • Tax Year: 2017
  • Close Date: 07/09/2018

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2018
Closed on
Jul 9, 2018
Sold by
Gold Vision Llc
Bought by
Gioioso Stephen
Seller's Agent
Christopher Pataki
RE/MAX Associates-Hockessin
Buyer's Agent
Hovik Nazarian
Long & Foster Real Estate, Inc.
List Price
$360,000
Sold Price
$320,000
Premium/Discount to List
-$40,000
-11.11%
Total Days on Market
27
Current Estimated Value
$524,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,390
Avg. Annual Appreciation
7.72%

Purchase Details

Closed on
Sep 1, 2006
Sold by
Gallucio John T and Gallucio Sandra L
Bought by
Gold Vision Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
6.83%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
Gioioso Stephen $320,000 None Available
Gold Vision Llc $385,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gold Vision Llc $285,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2018 07/09/18 Sold $320,000 -11.1% --
05/25/2018 05/25/18 Pending -- -- --
04/27/2018 04/27/18 For Sale $360,000 -- --
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 $2,041 $65,400 $8,700 $56,700
2023 $1,782 $65,400 $8,700 $56,700
2022 $1,782 $65,400 $8,700 $56,700
2021 $1,779 $65,400 $8,700 $56,700
2020 $1,789 $65,400 $8,700 $56,700
2019 $3,103 $65,400 $8,700 $56,700
2018 $1,781 $65,400 $8,700 $56,700
2017 $1,778 $65,400 $8,700 $56,700
2016 $1,685 $65,400 $8,700 $56,700
2015 $2,771 $65,400 $8,700 $56,700
2014 $2,631 $65,400 $8,700 $56,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000451222

Bright MLS

APN: 26-027.40-018