547 Homestead Road

Closed 8/26/22

Last Sold Price

$185,000

4 beds2 baths1,575 sqft$117/sqft

547 Homestead Rd, Wilmington, DE 19805

Description

Looking to be a landlord of a multi-family building? Then this may be the opportunity you've been touting! 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...Looking to be a landlord of a multi-family building? Then this may be the opportunity you've been touting! 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 right. 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 a tenant paying $850, Section 8 subsidized, on a month-to-month lease. Second floor unit is empty, features fresh cosmetics, and has an SRAP subsidized tenant set to take possession in August. Excellent opportunity to purchase two for the price of one and get the cash flowing!

LISTING CLOSED: 08/26/2022 12:00 AM

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

Property Details for 547 Homestead Road

Status

Closed

MLS #

DENC2027216

Days on Market

Taxes

$1,309 / 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

07-043.20-122

Ownership

Fee Simple

Structure Type

Interior Row/Townhouse

Style

Colonial

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

Average

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Location

Listing Courtesy of Pantano Real Estate Inc

Sold By Crown Homes Real Estate

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Building Information for 547 Homestead Road

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

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage¹

$1,049 per month

30 year fixed, 6.55% Interest

Principal and Interest

$940

Property Taxes

$109

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 547 Homestead Road

Location

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

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: $39,700

Year Assessed: 2021
County Tax: $330
Improvement Assessed Value: $32,600
City Town Tax: $0
Land Assessed Value: $7,100
Clean Green Assessed: No
Municipal Trash: No
Land Use Code: 0
Refuse Fee: $0
Agricultural Tax Due: No
Historic: No
Zoning: NC5
Tax Lot: 122
School Tax: $980
School Tax Payment Frequency: Annually
Automatically Update Tax Values Y/N: Yes

Lease Information

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
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

Building Info

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, Shingle
Ext Main Mid-res: http://bright-media02.prd.brightmls.com/bright/images/0000/8017/1222/4828/801712224828_512_384_WM_uXDhxPLx3dW2sNku.jpg
Wall and Ceiling Types: Dry Wall
Flooring Type: Carpet, Laminate Plank, Vinyl, Hardwood
Basement Type: Full, Garage Access, Interior Access, Outside Entrance, Unfinished, Walkout Level
Foundation Details: Block

Lot / Land Information

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

Lot Dimensions Source: Assessor
Parcel ID: 2261603
Ground Rent Exists: No

Parking

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

Interior Features

Fireplace: No
Fireplaces Count: 0

Accessibility Features: None

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, Circuit Breakers

Confidential Data

Listing Office

List Agent AOR: New Castle County Board of REALTORS

Property History for 547 Homestead Road

Date	Event & Source	Price	Appreciation
Aug 26, 2022	Closed BRIGHT #DENC2027216	$185,000	—
Aug 11, 2022	Pending BRIGHT #DENC2027216		—
Aug 11, 2022	Active Under Contract BRIGHT #DENC2027216		—
Jul 7, 2022	Listed (Active) BRIGHT #DENC2027216	$180,000	—
Mar 31, 2016	Expired BRIGHT #1007450378	$95,000	—
Oct 8, 2015	Listed (Active) BRIGHT #1007450378	$95,000	—
Jul 16, 2010	Closed BRIGHT #1004870482	$55,000	—
Jun 24, 2010	Closed (Public Record) Public Record #792702468	$55,000	-18.7% / yr
Jun 17, 2010	Pending BRIGHT #1004870482		—
Jun 9, 2010	Listed (Active) BRIGHT #1004870482	$54,900	—
Oct 20, 2009	Expired BRIGHT #1006461252	$79,993	—
Oct 28, 2008	Listed (Active) BRIGHT #1006461252	$119,993	—
Dec 15, 2005	Closed (Public Record) Public Record #252964188	$139,900	—
Dec 15, 2005	Closed BRIGHT #DENC160108	$139,900	—
Oct 6, 2005	Pending BRIGHT #DENC160108		—
Sep 2, 2005	Listed (Active) BRIGHT #DENC160108	$139,900	—

Date	Event & Source	Price
08/26/2022	Closed BRIGHT #DENC2027216	$185,000
08/11/2022	Pending BRIGHT #DENC2027216	—
08/11/2022	Active Under Contract BRIGHT #DENC2027216	—
07/07/2022	Listed (Active) BRIGHT #DENC2027216	$180,000
03/31/2016	Expired BRIGHT #1007450378	$95,000
10/08/2015	Listed (Active) BRIGHT #1007450378	$95,000
07/16/2010	Closed BRIGHT #1004870482	$55,000
06/24/2010	Closed (Public Record) Public Record #792702468	$55,000 -18.7% / yr
06/17/2010	Pending BRIGHT #1004870482	—
06/09/2010	Listed (Active) BRIGHT #1004870482	$54,900
10/20/2009	Expired BRIGHT #1006461252	$79,993
10/28/2008	Listed (Active) BRIGHT #1006461252	$119,993
12/15/2005	Closed (Public Record) Public Record #252964188	$139,900
12/15/2005	Closed BRIGHT #DENC160108	$139,900
10/06/2005	Pending BRIGHT #DENC160108	—
09/02/2005	Listed (Active) BRIGHT #DENC160108	$139,900

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

Public Records for 547 Homestead Road

Taxable ValueLand-Additions-Total-

Tax Record2025$2,454 ($205 / month)

Home Facts

Baths2Total Finished SqFt1,575 SqFtAbove Grade Finished SqFt1,575 SqFtStories2Lot Size3,049 SqFtStyleMulti-Family Dwelling (2-4)Year Built1960ZoningNC5CountyNEW CASTLEAPN07-043.20-122

Schools near 547 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	1.0 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	2.0 mi
NR	St Elizabeth Elementary School	Private - Nearby school	PK to 8	0.7 mi
NR	St. Elizabeth High School	Private - Nearby school	PK to 12	0.7 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	1.0 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	2.0 mi
NR	St Elizabeth Elementary School PrivatePK to 8 Nearby school	0.7 mi
NR	St. Elizabeth High School PrivatePK to 12 Nearby school	0.7 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: 547 Homestead Road, Wilmington, DE 19805	$185,000	4	2	1,575	3,049
545 Homestead Road, Wilmington, DE 19805	$77,000	–	–	1,575	3,049
549 Homestead Road, Wilmington, DE 19805	–	–	2	1,575	3,049
543 Homestead Road, Wilmington, DE 19805	$62,100	4	–	1,575	3,049
541 Homestead Road, Wilmington, DE 19805	$105,000	4	2	1,575	3,049
551 Homestead Road, Wilmington, DE 19805	–	–	2	1,575	3,049
553 Homestead Road, Wilmington, DE 19805	$58,000	4	2	1,575	3,049
539 Homestead Road, Unit 1, Wilmington, DE 19805	$55,000	–	2	1,584	3,049
555 Homestead Road, Wilmington, DE 19805	$108,000	–	2	1,575	4,356
537 Homestead Road, Wilmington, DE 19805	$65,500	4	2	1,575	4,356
557 Homestead Road, Wilmington, DE 19805	$64,000	–	–	–	4,356
535 Homestead Road, Wilmington, DE 19805	$147,000	4	2	1,725	3,920
559 Homestead Road, Wilmington, DE 19805	$112,500	–	–	1,575	3,049
533 Homestead Road, Wilmington, DE 19805	$185,000	4	2	1,575	3,049
561 Homestead Road, Wilmington, DE 19805	$40,000	4	2	1,575	3,049
529 Homestead Road, Wilmington, DE 19805	$108,000	–	2	1,575	3,049

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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.

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