105 East Holly Oak Road

105 East Holly Oak Road

Wilmington, DE 19809

$245,000
Last Sold Price
6
Beds
3
Baths
1,875 Sq. Ft.
$131 / Sq. Ft.
1,875
Sq. Ft.
$131
per Sq. Ft.

Closed 12/24/20

Closed 12/24/20

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Description

Welcome to Holly Oak Terrace in North Wilmington! A quaint and quiet community of mostly single detached structures sitting on spacious parcels perched above the Delaware River. This fully detached three unit building has been owned and operated by family over the last 20+ years and they are now reluctantly offering it for a new owner. I say reluctantly because it has been an excellent performing asset that has provided a generous amount of cash flow and other benefits over the years that are associated...Welcome to Holly Oak Terrace in North Wilmington! A quaint and quiet community of mostly single detached structures sitting on spacious parcels perched above the Delaware River. This fully detached three unit building has been owned and operated by family over the last 20+ years and they are now reluctantly offering it for a new owner. I say reluctantly because it has been an excellent performing asset that has provided a generous amount of cash flow and other benefits over the years that are associated with real estate ownership. Extra large lot provides ample off street parking for occupants. Open and airy front porch looking East provides a cozy space to relax after a long days efforts on the job. Three, two bedroom units are spread out inside the structure. Common area entrance provides access to the main floor unit and a set of stairs that lead to the second floor which provide formal access to units two and three. Unit one has a porch out back which affords it a private entrance. Second floor unit has been freshly updated, remodeled and is currently vacant, just waiting for the next owner to source a tenant or potentially move in, and continue to rent the other two units out for cash flow. Third floor unit has access inside and then a set of stairs in the apartment that leads to the third floor with a majority of the living space. This unit also has a private exterior access thanks to a set of wooden steps from the yard up. Utilities are electric hot water, electric base board heat so the only thing paid for by the owner is water/sewer, common area electric, trash removal and other maintenance associated with grass/snow , ECT. The current occupants have been in place for many, many years and the current rents are well below market. These tenants are on month to month status currently and options for the next owner are unlimited. Excellent opportunity to start your real estate investing career with this building which has received new vinyl siding, features an updated roof, many new windows and otherwise has been properly maintained by careful, hands on owner. Or add this to your flourishing portfolio if you're a seasoned operator. This could also be purchased by an end user whom could live in one unit and let the cash flow from the other two subsidize expenses and operation of the building. Very rare do multi-family offerings arise in this location so don't hesitate!
  1. Listed by Joseph P Hurley III • Alliance Realty
    P: 3027405524 jphurley27@gmail.com

Property Details for 105 East Holly Oak Road

Tax ID Number
06-116.00-099
Ownership
Fee Simple
HOA
No
Structure Type
Detached
Style
Colonial
Waterfront
No
Garage
No
Cross Street
Cherry St.

Location

Listing Courtesy of Alliance Realty

Sold By Keller Williams Real Estate - Newark

Add your commute
LISTING UPDATED: 08/22/2022 10:44 PM

Property Details for 105 East Holly Oak Road

StatusClosed
MLS #DENC510256
Days on Market76
Taxes$1,698 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1920
Lot Size0.24 AC / 10,454 SF
CountyNew Castle County

Location

Listing Courtesy of Alliance Realty

Sold By Keller Williams Real Estate - Newark

Add your commute

Building Information for 105 East Holly Oak Road

Stories-Residences3Year Built1920Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$1,479 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,337

Property Taxes

$142

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 105 East Holly Oak Road

Location
Location
  • In City Limits: No
  • Transportation: Airport less than 10 miles, Bus Stop less than 1 mile, Commuter Rail Station less than 1 mile
  • School District Name: BRANDYWINE
  • School District County ID: 300200396892
  • SchoolDistrictSource: Listing Agent
  • County: NEW CASTLE
  • MLS Area: Brandywine (30901)
Waterfront / Water Access
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 / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2020
  • Tax Assessed Value: $48,000
  • Year Assessed: 2020
  • County Tax: $398
  • Improvement Assessed Value: $37,000
  • City Town Tax: $0
  • Land Assessed Value: $11,000
  • Clean Green Assessed: No
  • Municipal Trash: No
  • Land Use Code: 0
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: NC6.5
  • Tax Lot: 099
  • School Tax: $1,301
  • School Tax Payment Frequency: Annually
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Electricity, Insurance, Lawn/Shrub Care, Sewer, Snow Removal, Taxes - Real Estate, Water, Trash Collection
  • Concessions: Yes
  • Concessions Amount: $4,900
  • Concession Remarks: Seller Assistance
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 3
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 3
  • Units Furnished: None
  • Units Leased Count: 2
  • Number Of Units Vacant: 1
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: No
  • Level: 2
  • Beds Total: 2
  • Full Baths Count: 1
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Level: 3
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Full Baths Count: 1
Financial Information
Financial Information
  • Annual Rental Income: $21,600
  • Existing Lease Type: Month to Month
Building Info
Building Info
  • Year Major Reno Remodel: 2020
  • Building Level Count: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 100.00 x 140.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 2243957
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Off Street
  • Off Street - # of Spaces: 4
  • Parking Features: Dirt Driveway
Interior Features
Interior Features
  • Fireplace: No
  • Fireplaces Count: 0
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Spa: No
  • Exterior Features: Exterior Lighting, Street Lights
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Hot Water
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: New Castle County Board of REALTORS

Property History for 105 East Holly Oak Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 105 East Holly Oak Road

Taxable ValueLand$11,000Additions$37,000Total$48,000
Tax Record2023$1,717 ($143 / month)
Home Facts
Baths5Total Finished SqFt1,875 SqFtAbove Grade Finished SqFt1,875 SqFtStories2Lot Size10,454 SqFtStyleMobile / Manufactured HomeYear Built1920ZoningNC6.5CountyNEW CASTLEAPN06-116.00-099

Schools near 105 East Holly Oak Road

This home is within Brandywine School District.
Rating
School
Type
Grades
Distance
Maple Lane Elementary School
Public - K to 5
duPont (Pierre S.) Middle School
Public - 6 to 8
Mount Pleasant High School
Public - 9 to 12
Rating
School
Distance
Maple Lane Elementary School
PublicK to 5

duPont (Pierre S.) Middle School
Public6 to 8

Mount Pleasant High School
Public9 to 12

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Alliance Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board 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, Greator Scranton Board 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.