NOT LISTED FOR SALE

Estimated Value: $262,000 - $357,218

-- Bed
3 Baths
2,500 Sq Ft
$129/Sq Ft Est. Value

Last Sold March 02, 2018

Last sale price $100,000 $40 Per Sq Ft

Est. 223% increase in value since last sale

Current estimated payment $2,018/month

7 Days on Market

Highlights

  • 0.06 Acre Lot
  • En-Suite Primary Bedroom
  • Heating Available
  • No HOA
  • Ceiling Fan
  • 3-minute walk to Helen Chambers Playground

About This Home

As of March 2018

Exciting investment opportunity at 811 W. 8th Street. in Wilmington. This is a 2-unit building in the Heart of the City offering easy access to I-95, downtown Wilmington, Trolley Square, and Little Italy. Close to Bus line. Unit 1 is a 1,700 square foot, 4 bedroom apartment with 1.5 bathrooms. Monthly rental income potential of 1,000 to 1,200 a month. Unit 1 has access to a full (unfinished) basement. Unit 2 is a 990 square foot, 2 Bedroom apartment with 1.5 bathrooms. Monthly rental income potential between 750 to 800 a month. BOTH UNITS FEATURE: All new mechanical systems: Gas/Baseboard Heating New Water Heaters New Kitchens & Baths New Appliances New Carpet Freshly Painted Ceiling Fans in every bedroom 2 Car parking (total) Asking 119,900 Don't miss out on this great investment opportunity ? Will not be on the market long! For more information and a showing, please contact Valerie Vassar at 302.652.3991 x-107 or 302.690.2841 (c). Please see cross reference MLS listing # 7007905

Last Agent to Sell the Property

Valerie Vassar

Healthy Real Estate & Associates License #RS-0023079 Listed on: 07/21/2017

Last Buyer's Agent

Valerie Vassar

Healthy Real Estate & Associates License #RS-0023079 Listed on: 07/21/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1869

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 26x100

Parking

  • 2 Open Parking Spaces

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,500 Sq Ft Home
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Utilities

  • Heating Available
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 390
  • Assessor Parcel Number 26-027.40-390

Community Details

Overview

  • No Home Owners Association
  • Wilm #01 Subdivision

Building Details

  • Operating Expense $3,131

Property Details

Home Type

Multi-Family

Year Built

Built in 1869

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Basement
  • Year Built: 1869
  • Remarks Public: Exciting investment opportunity at 811 W. 8th Street. in Wilmington. This is a 2-unit building in the Heart of the City offering easy access to I-95, downtown Wilmington, Trolley Square, and Little Italy. Close to Bus line. Unit 1 is a 1,700 square foot, 4 bedroom apartment with 1.5 bathrooms. Monthly rental income potential of 1,000 to 1,200 a month. Unit 1 has access to a full (unfinished) basement. Unit 2 is a 990 square foot, 2 Bedroom apartment with 1.5 bathrooms. Monthly rental income potential between 750 to 800 a month. BOTH UNITS FEATURE: All new mechanical systems: Gas/Baseboard Heating New Water Heaters New Kitchens & Baths New Appliances New Carpet Freshly Painted Ceiling Fans in every bedroom 2 Car parking (total) Asking 119,900 Don't miss out on this great investment opportunity ? Will not be on the market long! For more information and a showing, please contact Valerie Vassar at 302.652.3991 x-107 or 302.690.2841 (c). Please see cross reference MLS listing # 7007905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Entry Location: Private
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Has Laundry
  • Total Sq Ft: 2500
  • Living Area Sq Ft: 2500
  • Price Per Sq Ft: 47.96
  • Above Grade Finished Sq Ft: 2500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 811

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: CHRISTINA
  • School District Key: 300200396890

Lot Info

  • Improvement Assessed Value: 56900.00
  • Land Assessed Value: 10300.00
  • Lot Size Acres: 0.06
  • Lot Dimensions: 26X100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2614.00
  • Zoning: 26R-3

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2404633
  • Tax Annual Amount: 3131.00
  • Assessor Parcel Number: 26-027.40-390
  • Tax Lot: 390
  • Tax Year: 2016
  • Close Date: 03/02/2018

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2019
Sold by
Johnson Maurice and Johnson Nick
Bought by
Panther Realty Llc
Total Days on Market
7
Current Estimated Value
$322,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jul 21, 2017
Closed on
Mar 2, 2018
Sold by
Interfaith Community Housing Of Delaware
Bought by
Johnson Maurice and Walker Nick
Seller's Agent
Valerie Vassar
Healthy Real Estate & Associates
Buyer's Agent
Valerie Vassar
Healthy Real Estate & Associates
List Price
$119,900
Sold Price
$100,000
Premium/Discount to List
-$19,900
-16.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.49%
Original Mortgage
$75,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2015
Sold by
2020 Properties Llc
Bought by
Interfaith Cmnty Hsng Of Delaware Inc

Purchase Details

Closed on
Mar 24, 2014
Sold by
Beruh David M
Bought by
2020 Properties Llc

Purchase Details

Closed on
Apr 2, 2008
Sold by
Beruh David M
Bought by
Urban Gazelle Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,500
Interest Rate
5.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 20, 2007
Sold by
Hsbc Bank Usa Na
Bought by
Beruh David M

Purchase Details

Closed on
Jun 11, 2007
Sold by
Corrin Kenneth M
Bought by
Hsbc Bank Usa Na and Nomura Asset Acceptance Corp

Purchase Details

Closed on
Aug 12, 2005
Sold by
Mullen Michael J
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
$143,120
Interest Rate
8%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 13, 2003
Sold by
Kramen William
Bought by
Mullen Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,600
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 12, 2002
Sold by
Brevoort Frank L
Bought by
Kramen William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,600
Interest Rate
6.07%
Source: Public Records

Range of Values:

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Average Value
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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
Panther Realty Llc -- None Available
Johnson Maurice -- None Available
Interfaith Cmnty Hsng Of Delaware Inc -- None Available
2020 Properties Llc $54,000 None Available
Urban Gazelle Llc -- None Available
Beruh David M $110,000 None Available
Hsbc Bank Usa Na $91,000 None Available
Corrin Kenneth M $178,900 --
Mullen Michael J $164,000 Atlantic Title Abstract
Kramen William $147,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Panther Realty Llc $370,000
Closed Panther Realty Llc $222,000
Previous Owner Johnson Maurice $75,000
Previous Owner Urban Gazelle Llc $122,500
Previous Owner Corrin Kenneth M $143,120
Previous Owner Corrin Kenneth M $26,835
Previous Owner Mullen Michael J $147,600
Previous Owner Kramen William $117,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2018 03/02/18 Sold $100,000 0.0% $40 / Sq Ft
03/02/2018 03/02/18 Sold $100,000 0.0% $37 / Sq Ft
07/28/2017 07/28/17 Pending -- -- --
07/28/2017 07/28/17 Pending -- -- --
07/25/2017 07/25/17 Off Market $100,000 -- --
07/25/2017 07/25/17 Off Market $100,000 -- --
07/21/2017 07/21/17 For Sale $119,900 0.0% $48 / Sq Ft
06/21/2017 06/21/17 For Sale $119,900 -- $44 / 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 $2,477 $67,200 $10,300 $56,900
2023 $2,415 $67,200 $10,300 $56,900
2022 $2,391 $67,200 $10,300 $56,900
2021 $2,329 $67,200 $10,300 $56,900
2020 $2,262 $67,200 $10,300 $56,900
2019 $3,308 $67,200 $10,300 $56,900
2018 $503 $67,200 $10,300 $56,900
2017 $1,869 $67,200 $10,300 $56,900
2016 $1,869 $67,200 $10,300 $56,900
2015 $1,248 $67,200 $10,300 $56,900
2014 $1,247 $67,200 $10,300 $56,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000446625

Bright MLS

APN: 26-027.40-390