513 Homestead Road

Closed 8/9/22

Last Sold Price

$180,000

4 beds2 baths1,575 sqft$114/sqft

513 Homestead Rd, Wilmington, DE 19805

Description

Looking for a multi-family? Of course you are! Not much product available in this classification. Welcome to Alban Park! Located just on the outskirts of the City of Wilmington proper and nestled within close proximity to the Riverfront District of downtown. Homestead Rd. features an abundance of purposefully built multi-family buildings from a bygone era. Each building features two, 2 bedroom apartments with a common area basement space for storage as well as a two car garage and driveway out back....Looking for a multi-family? Of course you are! Not much product available in this classification. Welcome to Alban Park! Located just on the outskirts of the City of Wilmington proper and nestled within close proximity to the Riverfront District of downtown. Homestead Rd. features an abundance of purposefully built multi-family buildings from a bygone era. Each building features two, 2 bedroom apartments with a common area basement space for storage as well as a two car garage and driveway out back. Each unit has separate electric, gas, and water so tenants pay everything. Walk in the split foyer hallway and go up to the first floor unit on your left. Great room entrance followed by open dining and kitchen space combination. Hallway leads to full bathroom and two sizable bedrooms with ample storage capacity on the rear of the unit. Upper floor unit is a mirror of this space. Currently, the main floor is occupied with long term tenant paying $800 on a month-to-month lease. Second floor unit is empty, features fresh cosmetics, so all you need to do is advertise and take applications. Expected rent could be in the $1,200 a month range. Excellent opportunity to purchase two for the price of one and get the cash flowing!

LISTING CLOSED: 08/09/2022 12:00 AM

Listed by Joseph P Hurley III • Pantano Real Estate Inc
P: (302) 740-5524 jphurley27@gmail.com

Property Details for 513 Homestead Road

Status

Closed

MLS #

DENC2022922

Days on Market

Taxes

$1,359 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Multi-Family / Fee Simple

Year Built

1960

Lot Size

0.07 AC / 3,049 SF

County

New Castle County

Tax ID Number

07-043.20-139

Ownership

Fee Simple

Structure Type

Interior Row/Townhouse

Style

Colonial, Split Foyer

Waterfront

Garage

Subdivision

ALBAN PARK

Subdivision

ALBAN PARK (NEW CASTLE DE)

Cross Street

Bonwood Rd.

Legal Subdivision

ALBAN PARK

Total Parking Spaces

Central Air

Basement

Yes

Above Grade Finished SQFT

1,575.00

Above Grade Fin SQFT Source

Assessor

Below Grade Finished SQFT

.00

Below Grade Fin SQFT Source

Assessor

Below Grade Unfinished SQFT

.00

Below Grade Unfin SQFT Source

Assessor

Total Below Grade SQFT

.00

Total Below Grade SQFT Source

Assessor

New Construction

Building Winterized Y/N

Property Condition

Good

Recent comparable sales

Median sold price

$220,000

Avg days on market

Sale-to-list ratio

97.2%

1/78

$180,000

Sold 11/12/24

4
Bedrooms: 2
Bathrooms: 1,650
Square Feet: 0.04
Acres

2239 Pine Street, Wilmington, DE 19802

1/12

$230,000

Sold 12/04/24

4
Bedrooms: 2
Bathrooms: 1,575
Square Feet: 0.07
Acres

2705 West 4th Street, Wilmington, DE 19805

1/2

$252,900

Sold 06/15/26

4
Bedrooms: 2
Bathrooms: 1,600
Square Feet: 0.06
Acres

2114 Seneca Road, Wilmington, DE 19805

1/15

$280,000

Sold 05/28/25

4
Bedrooms: 2
Bathrooms: 1,575
Square Feet: 0.07
Acres

607 Homestead Road, Wilmington, DE 19805

1/2

$260,000

Sold 03/30/26

4
Bedrooms: 2
Bathrooms: 1,600
Square Feet: 0.05
Acres

2123 Seneca Road, Wilmington, DE 19805

1/11

$215,000

Sold 11/01/24

4
Bedrooms: 2
Bathrooms: 1,700
Square Feet: 0.11
Acres

41 South Dupont Road, Wilmington, DE 19804

1/43

$180,000

Sold 04/08/25

4
Bedrooms: 2
Bathrooms: 1,200
Square Feet: 0.03
Acres

901 North Spruce Street, Wilmington, DE 19801

1/33

$175,000

Sold 04/20/26

4
Bedrooms: 2
Bathrooms: 1,325
Square Feet: 0.04
Acres

1117 West 2nd Street, Wilmington, DE 19805

1/8

$220,000

Sold 12/10/24

4
Bedrooms: 2
Bathrooms: 2,400
Square Feet: 0.08
Acres

35 Elsmere Boulevard, Wilmington, DE 19805

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Location

Listing Courtesy of Pantano Real Estate Inc

Sold By Century 21 Gold Key Realty

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Building Information for 513 Homestead Road

Stories-Residences2Year Built1960Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage¹

$1,028 per month

30 year fixed, 6.55% Interest

Principal and Interest

$915

Property Taxes

$113

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 513 Homestead Road

Location

In City Limits: No
Transportation: Airport less than 10 miles, Commuter Rail Station 1 to 5 miles, Bus Stop less than 1 mile

School District Name: RED CLAY CONSOLIDATED
School District County ID: 300200396545
SchoolDistrictSource: Listing Agent
County: NEW CASTLE
MLS Area: Elsmere/Newport/Pike Creek (30903)

Waterfront / Water Access

Water View: No
Water Access: No

Water Oriented: No
Navigable Water: No
Tidal Water: No
Riparian Rights Y/N: No

Association / Community Info

Association Recreation Fee Y/N: No

Taxes and Assessment

Tax Year: 2021
Tax Assessed Value: $41,200

Year Assessed: 2021
County Tax: $342
Improvement Assessed Value: $34,100
City Town Tax: $0
Land Assessed Value: $7,100
Clean Green Assessed: No
Land Use Code: 0
Refuse Fee: $0
Agricultural Tax Due: No
Historic: No
Zoning: NC5
Tax Lot: 139
School Tax: $1,017
School Tax Payment Frequency: Annually
Automatically Update Tax Values Y/N: Yes

Lease Information

Owner Pays: Insurance, Snow Removal, Taxes - Real Estate
Concessions: No

Unit Information

Single Room Units Count: 0
One Bedroom Units Count: 0

Two Bedroom Units Count: 2
Three Bedroom Units Count: 0
Other Units: Unit 1,Unit 2
Units Leased Count: 1
Number Of Units Vacant: 1
Number Of Units Month To Month: 1
Rent Control: No

Multi Family

Unit 1

Type: Unit 1
Unit Type Occupied YN: Yes

Unit Type Lease Type: Month to Month
Beds Total: 2
Full Baths Count: 1

Unit 2

Type: Unit 2
Unit Type Occupied YN: No

Beds Total: 2
Full Baths Count: 1

Financial Information

Existing Lease Type: Month to Month

Building Info

Year Major Reno Remodel: 2022
Building Units Total: 2

Total Finished SQFT: 1,575.00
Total Finished SQFT Source: Assessor
Tax Total Finished SQFT: 1,575.00
Total SQFT: 1,575.00
Total SQFT Source: Assessor
Construction Materials: Brick, Asbestos
Roof: Flat
Ext Main Mid-res: http://bright-media02.prd.brightmls.com/bright/images/0000/8015/3623/3872/801536233872_512_384_WM_YY6QputeOO3h58OJ.jpg
Wall and Ceiling Types: Dry Wall
Flooring Type: Carpet, Luxury Vinyl Plank, Vinyl
Basement Type: Front Entrance, Garage Access, Interior Access, Outside Entrance, Walkout Level, Unfinished
Foundation Details: Block

Lot / Land Information

Lot Size Source: Assessor
Lot Size Dimensions: 20.20 x 150.00

Lot Dimensions Source: Assessor
Parcel ID: 2261620
Ground Rent Exists: No

Parking

Type Of Parking: Off Street, On Street
Off Street - # of Spaces: 2

Interior Features

Fireplace: No
Fireplaces Count: 0

Appliances: Refrigerator, Stove, Water Heater
Accessibility Features: None
Window Features: Replacement

Exterior Features

Spa: No
Pool: No Pool

Other Structures: Above Grade, Below Grade

Utilities

Heating: Yes
Cooling Type: None

Cooling Fuel: None
Heating Type: Forced Air
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Water Source: Public
Sewer Septic: Public Sewer
Electric Service: 100 Amp Service

Confidential Data

Listing Office

List Agent AOR: New Castle County Board of REALTORS

Property History for 513 Homestead Road

Date	Event & Source	Price	Appreciation
Aug 9, 2022	Closed BRIGHT #DENC2022922	$180,000	—
May 27, 2022	Pending BRIGHT #DENC2022922		—
May 27, 2022	Active Under Contract BRIGHT #DENC2022922		—
May 4, 2022	Listed (Active) BRIGHT #DENC2022922	$220,000	—
Sep 17, 2021	Temp Off Market BRIGHT #1000322279		—
Oct 26, 2016	Listed (Active) BRIGHT #1000322279	$89,900	—
Mar 31, 2016	Expired BRIGHT #1007450386	$95,000	—
Oct 12, 2015	Listed (Active) BRIGHT #1007450386	$95,000	—
Jul 29, 2010	Closed (Public Record) Public Record #793359758	$670,000	—
Jul 29, 2010	Closed BRIGHT #1004835904	$67,000	—
Jun 14, 2010	Pending BRIGHT #1004835904		—
Apr 22, 2010	Listed (Active) BRIGHT #1004835904	$95,000	—
Dec 28, 2007	Closed BRIGHT #DENC114980	$120,000	—
Nov 27, 2007	Pending BRIGHT #DENC114980		—
Aug 7, 2007	Listed (Active) BRIGHT #DENC114980	$145,000	—

Date	Event & Source	Price
08/09/2022	Closed BRIGHT #DENC2022922	$180,000
05/27/2022	Pending BRIGHT #DENC2022922	—
05/27/2022	Active Under Contract BRIGHT #DENC2022922	—
05/04/2022	Listed (Active) BRIGHT #DENC2022922	$220,000
09/17/2021	Temp Off Market BRIGHT #1000322279	—
10/26/2016	Listed (Active) BRIGHT #1000322279	$89,900
03/31/2016	Expired BRIGHT #1007450386	$95,000
10/12/2015	Listed (Active) BRIGHT #1007450386	$95,000
07/29/2010	Closed (Public Record) Public Record #793359758	$670,000
07/29/2010	Closed BRIGHT #1004835904	$67,000
06/14/2010	Pending BRIGHT #1004835904	—
04/22/2010	Listed (Active) BRIGHT #1004835904	$95,000
12/28/2007	Closed BRIGHT #DENC114980	$120,000
11/27/2007	Pending BRIGHT #DENC114980	—
08/07/2007	Listed (Active) BRIGHT #DENC114980	$145,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 513 Homestead Road

Taxable ValueLand-Additions-Total-

Tax Record2025$1,389 ($116 / month)

Home Facts

Baths2Total Finished SqFt1,575 SqFtAbove Grade Finished SqFt1,575 SqFtStories2Lot Size3,049 SqFtStyleMulti-Family Dwelling (2-4)Year Built1960ZoningNC5CountyNEW CASTLEAPN07-043.20-139

Schools near 513 Homestead Road

This home is within Red Clay Consolidated School District.


Rating	School	Type	Grades	Distance
3/10	Richardson Park Elementary School	Public - Serves this home	K to 5	1.1 mi
3/10	Stanton Middle School	Public - Serves this home	6 to 8	4.3 mi
3/10	Dickinson (John) High School	Public - Serves this home	6 to 12	5.4 mi
8/10	Conrad Schools of Science	Public - Choice school	6 to 12	1.6 mi
8/10	Calloway (Cab) School of the Arts	Public - Choice school	6 to 12	1.9 mi
NR	First State School	Public - Nearby school	1 to 11	1.9 mi
NR	St Elizabeth Elementary School	Private - Nearby school	PK to 8	0.6 mi
NR	St. Elizabeth High School	Private - Nearby school	PK to 12	0.6 mi
NR	St. Hedwig Elementary School	Private - Nearby school	PK to 8	0.9 mi


Rating	School	Distance
3/10	Richardson Park Elementary School PublicK to 5 Serves this home	1.1 mi
3/10	Stanton Middle School Public6 to 8 Serves this home	4.3 mi
3/10	Dickinson (John) High School Public6 to 12 Serves this home	5.4 mi
8/10	Conrad Schools of Science Public6 to 12 Choice school	1.6 mi
8/10	Calloway (Cab) School of the Arts Public6 to 12 Choice school	1.9 mi
NR	First State School Public1 to 11 Nearby school	1.9 mi
NR	St Elizabeth Elementary School PrivatePK to 8 Nearby school	0.6 mi
NR	St. Elizabeth High School PrivatePK to 12 Nearby school	0.6 mi
NR	St. Hedwig Elementary School PrivatePK to 8 Nearby school	0.9 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 513 Homestead Road, Wilmington, DE 19805	$180,000	4	2	1,575	3,049
515 Homestead Road, Wilmington, DE 19805	–	–	2	1,575	4,356
509 Homestead Road, Wilmington, DE 19805	–	–	2	1,575	3,049
441 Homestead Road, Wilmington, DE 19805	–	–	–	–	195,149
507 Homestead Road, Wilmington, DE 19805	–	–	2	1,575	3,049
517 Homestead Road, Wilmington, DE 19805	$56,000	–	–	–	4,350
521 Homestead Road, Wilmington, DE 19805	$110,000	–	2	1,575	3,049
503 Homestead Road, Wilmington, DE 19805	$99,900	–	–	–	3,049
523 Homestead Road, Wilmington, DE 19805	$10	–	2	1,575	3,049
501 Homestead Road, Wilmington, DE 19805	$68,000	–	–	1,300	3,049
525 Homestead Road, Wilmington, DE 19805	$105,000	–	–	1,575	3,049
527 Homestead Road, Wilmington, DE 19805	$106,000	–	2	1,584	3,049
529 Homestead Road, Wilmington, DE 19805	$108,000	–	2	1,575	3,049
1500 Bonwood Road, Wilmington, DE 19805	$139,500	3	2	1,300	4,356
511 Homestead Road, Wilmington, DE 19805	–	–	2	1,575	3,049
1504 Bonwood Road, Wilmington, DE 19805	$243,000	3	1	1,732	1,742

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Listing Courtesy of Pantano Real Estate Inc

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

[Wilmington, DE]

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