NOT LISTED FOR SALE

Estimated Value: $307,000 - $411,138

-- Bed
2 Baths
2,975 Sq Ft
$124/Sq Ft Est. Value

Last Sold August 03, 2023

Last sale price $275,000 $92 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,312/month

14 Days on Market

Highlights

  • 0.09 Acre Lot
  • Victorian Architecture
  • Back Up Electric Heat Pump System
  • Deck

About This Home

As of August 2023

****Multiple Offer are in on this property. Seller is asking for best and final terms by Friday (5/19/23) at 12pm ****Investor Alert! Here’s an excellent opportunity to own a rarely available triplex in the historic district of Wilmington's Trinity Vicinity. This 3 story victorian style property is in a very convenient location close to downtown, major highways, shopping, restaurants, and public transportation. All three units are two bedroom apartments. The 1st floor apartment is two levels (including finished basement area) and includes a large bedroom with walk-in closet, basement storage area, two full bathrooms, and in-unit laundry. The 2nd level apartment has a comfortable layout and a rear deck for relaxing outdoors. The 3rd (top level) apartment has an open concept layout with vaulted ceilings and nice views of the city from the rear deck. Each unit has separate heat, electric, and hot water. The landlord only pays for water and sewer. Off street parking is available in the rear. Live on the top floor and rent out the other two. This would make a fantastic first investment or a great portfolio addition to the experienced investor. Property being sold as-is. THIS LISTING IS NOT ALLOWING SHOWINGS. Do not call the listing agents to request a showing because no exceptions will be made. Do not approach the tenants. A walk-through can be scheduled following an executed agreement of sale. The best resource for viewing the interior is the virtual tour link included in this listing. Full interior home inspection is available upon request.

Last Agent to Sell the Property

Dan Shainsky

Coldwell Banker Realty License #R30019654 Listed on: 05/10/2023

Coldwell Banker Realty

Co-Listed By

Eric Brinker

Coldwell Banker Realty

Last Buyer's Agent

Mark Stape

Compass License #RS-2184965

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 19.60 x 190.00

Home Design

  • Triplex
  • Victorian Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Pitched Roof

Interior Spaces

  • 2,975 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • Parking Lot
  • Unassigned Parking

Outdoor Features

  • Deck

Utilities

  • Back Up Electric Heat Pump System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for sewer, water
  • Tax Lot 037
  • Assessor Parcel Number 26-028.30-037

Community Details

Overview

  • 3 Units
  • Trinity Vicinity Subdivision

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • Inclusions: Any personal property in the home at the time of the final walk-through will convey.
  • New Construction: No
  • Year Built: 1890
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2975
  • Living Area Sq Ft: 2975
  • Price Per Sq Ft: 80.67
  • Above Grade Finished Sq Ft: 2975
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 908

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Unassigned
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • School District: CHRISTINA
  • School District Key: 300200396890
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.09
  • Lot Dimensions: 19.60 x 190.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3920.00
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2022
  • Zoning: 26R-3
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Owner Pays: Sewer, Water
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 2789.00
  • Tax Annual Amount: 4568.00
  • Assessor Parcel Number: 26-028.30-037
  • Tax Lot: 037
  • Tax Total Finished Sq Ft: 2975
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 08/03/2023

Multi Family

  • Number Of Units Vacant: 1
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2023
Closed on
Aug 3, 2023
Sold by
Baker Headley G and Baker Nola G
Bought by
V Adams Llc
Seller's Agent
Dan Shainsky
Coldwell Banker Realty
Buyer's Agent
Mark Stape
Compass
List Price
$240,000
Sold Price
$275,000
Premium/Discount to List
$35,000
14.58%
Views
322
Current Estimated Value
$368,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,535
Avg. Annual Appreciation
12.48%
Original Mortgage
$367,500
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 1995
Bought by
Baker Headley G and Baker Nola G
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
V Adams Llc -- None Listed On Document
Baker Headley G $102,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open V Adams Llc $393,750
Closed V Adams Llc $367,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2023 08/03/23 Sold $275,000 +14.6% $92 / Sq Ft
05/10/2023 05/10/23 For Sale $240,000 0.0% $81 / Sq Ft
11/24/2014 11/24/14 Rented $825 -2.9% --
11/10/2014 11/10/14 Under Contract -- -- --
09/01/2014 09/01/14 For Rent $850 -- --
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 $3,111 $84,400 $8,500 $75,900
2023 $3,033 $84,400 $8,500 $75,900
2022 $3,002 $84,400 $8,500 $75,900
2021 $2,925 $84,400 $8,500 $75,900
2020 $2,840 $84,400 $8,500 $75,900
2019 $4,154 $84,400 $8,500 $75,900
2018 $2,426 $84,400 $8,500 $75,900
2017 $2,354 $84,400 $8,500 $75,900
2016 $2,348 $84,400 $8,500 $75,900
2015 $3,666 $84,400 $8,500 $75,900
2014 $3,665 $84,400 $8,500 $75,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2042318

Bright MLS

APN: 26-028.30-037