1401-1403 Delaware Avenue

Wilmington, DE 19806

$2,000,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

12 unit luxury apartment building on one of the most desirable highly visible corners in Trolley Square. Formerly the estate of Joshua Heald, the founding father of the Trolley Square Line in 1864 and also president of the still operating free library in Rodney Square. The opulence of this freestanding building exudes craftsmanship and details rarely found in today’s construction. The curved handcrafted mahogany rails, wainscoting, high ceilings, red oak hardwood flooring, well placed granite fireplaces,...12 unit luxury apartment building on one of the most desirable highly visible corners in Trolley Square. Formerly the estate of Joshua Heald, the founding father of the Trolley Square Line in 1864 and also president of the still operating free library in Rodney Square. The opulence of this freestanding building exudes craftsmanship and details rarely found in today’s construction. The curved handcrafted mahogany rails, wainscoting, high ceilings, red oak hardwood flooring, well placed granite fireplaces, 18” stone foundation quarried from the Brandywine River are joined with all the conveniences of modern construction. On site laundry, separated hot air furnaces with central air, upgraded kitchens and baths, separate circuit breaker panels are just a sample of the foresight given to this spectacular conversion. There are four off street parking spaces in rear of the building. Very low vacancy and easy to rent, this flagship property would be the most impressive gem in any discriminating investors portfolio.. Rarely does an apartment of this quality and splendor become available.
  1. Listed by Bruce Balick • Patterson-Schwartz - Greenville
    P: 3029833550 brucebalick57@gmail.com
  2. Listed by Laurence Lee • Patterson-Schwartz - Greenville
    P: 3024294500 llee@psre.com

Property Details for 1401-1403 Delaware Avenue

Tax ID Number
26-020.20-180
Ownership
Fee Simple
Condo Coop Association
No
HOA
No
Structure Type
Detached
Style
Colonial
Waterfront
No
Garage
No

Location

Listing Courtesy of Patterson-Schwartz - Greenville

Sold By Long & Foster Real Estate, Inc.

Add your commute
LISTING UPDATED: 08/27/2022 09:26 PM

Property Details for 1401-1403 Delaware Avenue

StatusClosed
MLS #DENC2003746
Days on Market74
Taxes$13,986 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1920
Lot Size0.17 AC / 7,405 SF
CountyNew Castle County

Location

Listing Courtesy of Patterson-Schwartz - Greenville

Sold By Long & Foster Real Estate, Inc.

Add your commute

Building Information for 1401-1403 Delaware Avenue

Stories-Residences4Year Built1920Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$12,080 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$1,166

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1401-1403 Delaware Avenue

Location
Location
  • In City Limits: Yes
  • Transportation: 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: Wilmington (30906)
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: 2021
  • Tax Assessed Value: $190,800
  • Year Assessed: 2001
  • Improvement Assessed Value: $190,800
  • City Town Tax: $5,919
  • Land Assessed Value: $59,200
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Agricultural Tax Due: No
  • Historic: Yes
  • Zoning: R-5C
  • School Tax: $8,159
  • School Tax Payment Frequency: Annually
  • Automatically Update Tax Values Y/N: No
Lease Information
Lease Information
  • Rent Spree Online Application: No
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 2
  • One Bedroom Units Count: 4
  • Two Bedroom Units Count: 6
  • Three Bedroom Units Count: 0
  • Units Furnished: None
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 0
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense: $38,695
  • Operating Expense Includes: Insurance, Repair/Maintenance, Sewer, Trash, Water
  • Insurance Expense: $5,455
  • Trash Expense: $0
  • Furniture Replacement Expense: $0
Financial Information
  • Gross Scheduled Income: $173,940
  • Net Operating Income: $131,681
  • Annual Rental Income: $173,940
  • Income Includes: Laundry
  • Cap Rate: 6.00
  • Existing Lease Type: Gross, Long Term
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: .00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 160x44
  • Lot Features: Corner, Level
  • Road Responsibility: Public
  • Location Type: Free Standing
  • Parcel ID: 2397852
  • Ground Rent Exists: No
  • Land Lease: No
Parking
Parking
  • Type Of Parking: Driveway, Off Street
  • Parking Features: Private
Interior Features
Interior Features
  • Interior Features: Chair Railings, Crown Moldings, Curved Staircase, Wainscotting, Walk-in Closet(s), Wood Floors
  • Fireplace: No
Exterior Features
Exterior Features
  • Spa: No
  • Exterior Features: Exterior Lighting, Fire Escape, Sidewalks, Street Lights
  • Outdoor Living Structures: Patio(s), Porch(es), Balcony
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Natural Gas Available
  • Heating: Yes
  • Cooling Type: Central A/C, Heat Pump(s)
  • Cooling Fuel: Electric
  • Heating Type: Central
  • Heating Fuel: Central
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 120/240V
Confidential Data
Listing Office
  • List Agent AOR: New Castle County Board of REALTORS

Property History for 1401-1403 Delaware Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1401-1403 Delaware Avenue

This home is within Red Clay Consolidated School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 3 to 11
Rating
School
Distance
Skyline Middle School
Public6 to 8

duPont (Alexis I.) High School
Public9 to 12

First State School
Public3 to 11

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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Listing Courtesy of Patterson-Schwartz - Greenville

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.