NOT LISTED FOR SALE

1348 Cypress Ave Wilmington, DE 19805

Estimated Value: $134,000 - $237,000

2 Beds
1.5 Baths
850 Sq Ft
$214/Sq Ft Est. Value

Last Sold August 08, 2022

Last sale price $112,000 $132 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $1,111/month

8 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • En-Suite Primary Bedroom
  • Wood Flooring
  • Living Room
  • 4-minute walk to Bryan Martin Park

About This Home

As of August 2022

Here’s an excellent opportunity for an investor or handy owner-occupant. Situated in the centrally located community of Elsmere Gardens in Red Clay School District, this 2 bedroom 1.1 bath townhome offers plenty of living space and an extended rear yard. A quaint front walk leads up the entry stairs and into to the living room and kitchen of the main level. Original hardwood flooring runs throughout both levels. A rear addition extends the kitchen and includes a sliding door to the rear deck. The upper level features two bedrooms, and a centrally located full bath with tub. The partially fenced rear yard offers lots of open yard space for barbequing and entertaining outside. The location is convenient to everything. Just a quick ride to shopping, restaurants, and major highways. Below grade is a full basement providing tons of extra storage space. The forced air gas heater was replaced in recent years. Although this home requires some attention it offers great potential. Bring your imagination and get the competitive financial advantage of sweat equity. With tons to offer and excellent bones, don't let this opportunity pass you by! Property is being sold as-is and any inspections are for informational purposes only. The seller is a licensed realtor in the state of Delaware.

Last Listed By

Dan Shainsky

Coldwell Banker Realty License #R30019654 Listed on: 05/18/2022

Coldwell Banker Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,424

Year Built

  • Built in 1942

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 18.00 x 110.00

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Block Foundation
  • Frame Construction
  • Pitched Roof

Interior Spaces

  • 850 Sq Ft Home
  • Property has 3 Levels
  • Living Room
  • Dining Room
  • Wood Flooring
  • Partial Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom

Utilities

  • Forced Air Heating System
  • Natural Gas Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • Elsmere Gardens Subdivision

Listing and Financial Details

  • Tax Lot 211
  • Assessor Parcel Number 19-004.00-211

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,424

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1942
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Flooring Type: Hardwood
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Basement, Full Bath, Half Bath
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 850
  • Living Area Sq Ft: 850
  • Price Per Sq Ft: 135.18
  • Above Grade Finished Sq Ft: 850
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1348

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

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

Condo/Co-op/Association

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

Schools

  • School District: RED CLAY CONSOLIDATED
  • School District Key: 300200396545
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 18.00 x 110.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Year Assessed: 2021
  • Zoning: 19R2
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • School Tax: 861.00
  • Tax Annual Amount: 1424.00
  • Assessor Parcel Number: 19-004.00-211
  • Tax Lot: 211
  • Tax Total Finished Sq Ft: 850
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 08/08/2022

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2022
Closed on
Aug 8, 2022
Sold by
Premier One Properties Llc
Bought by
Jchil Investments Llc
Seller's Agent
Dan Shainsky
Coldwell Banker Realty
Buyer's Agent
Andrew White
Compass
List Price
$114,900
Sold Price
$112,000
Premium/Discount to List
-$2,900
-2.52%
Total Days on Market
8
Views
6
Current Estimated Value
$181,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,924
Avg. Annual Appreciation
19.60%

Purchase Details

Closed on
Aug 31, 2021
Sold by
Temeaka Bryant and Thomas Bryant Thomas
Bought by
Premier One Properties Llc

Purchase Details

Closed on
Mar 31, 2005
Sold by
Holck Ward T and Holck Tonya R
Bought by
Bryant Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
5.7%
Mortgage Type
Fannie Mae Freddie Mac

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
Jchil Investments Llc -- None Listed On Document
Premier One Properties Llc -- None Available
Bryant Thomas $77,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bryant Thomas $61,600
Previous Owner Bryant Thomas $15,400
Previous Owner Bryant Thomas $77,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2022 08/08/22 Sold $112,000 -2.5% $132 / Sq Ft
05/18/2022 05/18/22 For Sale $114,900 +59.6% $135 / Sq Ft
06/30/2021 06/30/21 Sold $72,000 +10.8% $85 / Sq Ft
04/22/2021 04/22/21 For Sale $65,000 -- $76 / 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 $1,145 $34,900 $7,300 $27,600
2023 $997 $34,900 $7,300 $27,600
2022 $998 $34,900 $7,300 $27,600
2021 $970 $34,900 $7,300 $27,600
2020 $976 $34,900 $7,300 $27,600
2019 $1,704 $34,900 $7,300 $27,600
2018 $597 $34,900 $7,300 $27,600
2017 $933 $34,900 $7,300 $27,600
2016 $933 $34,900 $7,300 $27,600
2015 $866 $34,900 $7,300 $27,600
2014 $791 $34,900 $7,300 $27,600
Source: Public Records

Agents Affiliated with this Home

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Source: Bright MLS

MLS Number: DENC2023926

Bright MLS

APN: 19-004.00-211