NOT LISTED FOR SALE

Estimated Value: $229,000 - $325,000

-- Bed
1 Bath
2,054 Sq Ft
$135/Sq Ft Est. Value

Last Sold February 02, 2016

Last sale price $75,000 $37 Per Sq Ft

Est. 269% increase in value since last sale

Current estimated payment $1,644/month

92 Days on Market

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Laundry Facilities
  • Mobility Improvements
  • Hot Water Heating System
  • 4-minute walk to Cool Springs Park

About This Home

As of February 2016

Great opportunity for the savvy investor to purchase this 2-unit building located conveniently in the City of Wilmington. Each of the 2 units is currently occupied with long standing and performing tenants who wish to stay. Property has been renovated over the last several years and is in solid condition. Just purchase and start collecting rent!

Last Agent to Sell the Property

Joseph Hurley

Pantano Real Estate Inc License #RS-0018346 Listed on: 09/14/2015

Last Buyer's Agent

Joseph Hurley

Pantano Real Estate Inc License #RS-0018346 Listed on: 09/14/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1904

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 26x66
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof

Utilities

  • Radiator
  • Heating System Uses Gas
  • Hot Water Heating System
  • 100 Amp Service
  • Natural Gas Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Basement Fills Entire Space Under The House
  • Mobility Improvements

Listing and Financial Details

  • Tax Lot 073
  • Assessor Parcel Number 26-028.30-073

Community Details

Overview

  • No Home Owners Association
  • Wilm #16 Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Electric Expense $500
  • Insurance Expense $500
  • Maintenance Expense $1,000
  • Operating Expense $4,454

Property Details

Home Type

Multi-Family

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Accessibility Features: Mobility Improvements
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • Inclusions: See Broker
  • New Construction: No
  • Storage: Basement
  • Year Built: 1904
  • Remarks Public: Great opportunity for the savvy investor to purchase this 2-unit building located conveniently in the City of Wilmington. Each of the 2 units is currently occupied with long standing and performing tenants who wish to stay. Property has been renovated over the last several years and is in solid condition. Just purchase and start collecting rent!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Common
  • Street Number Modifier: 826

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat, 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 Expense: 500.00
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Gas, Electric, Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 500.00
  • 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: 38700.00
  • Land Assessed Value: 6300.00
  • Lot Size Acres: 0.04
  • Lot Dimensions: 26X66
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Property Condition: Good
  • Zoning: 26R-3

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 18000.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2405016
  • Tax Annual Amount: 1955.00
  • Assessor Parcel Number: 26-028.30-073
  • Tax Lot: 073
  • Tax Year: 2015
  • Close Date: 02/02/2016

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2015
Closed on
Feb 2, 2016
Sold by
One Pie Investments Llc
Bought by
Johnson Maurice and Walker Nick
Seller's Agent
Joseph Hurley
Pantano Real Estate Inc
Buyer's Agent
Joseph Hurley
Pantano Real Estate Inc
List Price
$89,900
Sold Price
$75,000
Premium/Discount to List
-$14,900
-16.57%
Current Estimated Value
$276,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,900
Avg. Annual Appreciation
12.67%

Purchase Details

Closed on
Aug 3, 2015
Sold by
One Pie Holdings Llc
Bought by
One Pie Investments Llc

Purchase Details

Closed on
Jul 22, 2015
Sold by
Urban Gazelle Llc
Bought by
One Pie Holdings Llc

Purchase Details

Closed on
Oct 6, 2008
Sold by
Federal National Mortgage Association
Bought by
Urban Gazelle Llc

Purchase Details

Closed on
Sep 26, 2008
Sold by
Johnson Leroy Troy and National City Mortgage Co
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 9, 2004
Sold by
East Coast Equities Llc
Bought by
Johnson Leroy Troy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,050
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2001
Sold by
Scott Robert C and Kossak Robert L
Bought by
East Coast Equities Llc
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
Johnson Maurice -- Attorney
One Pie Investments Llc -- None Available
One Pie Holdings Llc $175,000 None Available
Urban Gazelle Llc $73,900 None Available
Federal National Mortgage Association $87,700 None Available
Johnson Leroy Troy $154,500 --
East Coast Equities Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Panther Realty Llc $370,000
Closed Panther Realty Llc $222,000
Previous Owner Walker Nick $70,000
Previous Owner Urban Gazelle Llc $365,000
Previous Owner Johnson Leroy Troy $144,000
Previous Owner Johnson Leroy Troy $139,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2016 02/02/16 Sold $75,000 -16.6% $37 / Sq Ft
12/15/2015 12/15/15 Pending -- -- --
09/14/2015 09/14/15 For Sale $89,900 -- $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 $1,659 $45,000 $6,300 $38,700
2023 $1,617 $45,000 $6,300 $38,700
2022 $1,601 $45,000 $6,300 $38,700
2021 $1,560 $45,000 $6,300 $38,700
2020 $1,514 $45,000 $6,300 $38,700
2019 $2,215 $45,000 $6,300 $38,700
2018 $1,574 $45,000 $6,300 $38,700
2017 $2,087 $45,000 $6,300 $38,700
2016 $2,087 $45,000 $6,300 $38,700
2015 $835 $45,000 $6,300 $38,700
2014 $1,954 $45,000 $6,300 $38,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002699428

Bright MLS

APN: 26-028.30-073