1401-1403 Delaware Avenue

Wilmington, DE 19806

$2,194,733
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,...

Property Details for 1401-1403 Delaware Avenue

Subdivision
TROLLEY SQUARE
Ownership
Fee Simple
Building Name
NONE AVAILABLE (WILMINGTON DE)
Style
Colonial
Structure Type
Detached
Basement
Yes

Location

Listing Courtesy of Patterson-Schwartz - Greenville

Property Details for 1401-1403 Delaware Avenue

StatusActive
MLS #DENC2003746
Days on Market59
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

Listing Agent

Bruce Balick

Bruce Balick

Patterson-Schwartz - Greenville

brucebalick57@gmail.com

P: 302.983.3550

Contact Agent(s)

Location

Listing Courtesy of Patterson-Schwartz - Greenville

Building Information for 1401-1403 Delaware Avenue

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

Payment Calculator

$8,521 per month

30 year fixed, 2.95% Interest

Principal and Interest

$7,355

Property Taxes

$1,166

HOA Dues

$0

Property Information for 1401-1403 Delaware Avenue

Location Info
    School Info
  • School District Name: RED CLAY CONSOLIDATED
  • School District County ID: 300200396545
    Location Info
  • MLS Area: Wilmington (30906)
  • Subdivision: TROLLEY SQUARE (NEW CASTLE DE)
  • Location Type: Free Standing
  • Transportation: Bus Stop less than 1 mile
  • In City Limits: Yes
  • Municipal Trash: Yes
  • Historic: Yes
  • Tidal Water: No
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Waterfront: No
Association / Community Info
    Association / Community Info
  • Condo Coop Association: No
  • HOA: No
Taxes and Assessment Info
    Tax Info
  • Tax Annual Amount: $13,986
  • Tax Year: 2021
  • School Tax: $8,159
  • School Tax Payment Frequency: Annually
  • City Town Tax: $5,919
  • Clean Green Assessed: No
  • Zoning: R-5C
  • Agricultural Tax Due: No
  • Tax ID Number: 26-020.20-180
    Assessment Info
  • Tax Assessed Value: $190,800
  • Year Assessed: 2001
  • Improvement Assessed Value: $190,800
  • Land Assessed Value: $59,200
Financial Info
    Ground Rent
  • Ground Rent Exists: No
    Expenses
  • Furniture Replacement Expense: $0
  • Insurance Expense: $5,455
  • Operating Expense: $38,695
  • Operating Expense Includes: Insurance, Repair/Maintenance, Sewer, Trash, Water
  • Trash Expense: $0
    Utilities
  • Utilities: Natural Gas Available
  • Cooling Fuel: Electric
  • Electric Service: 120/240V
  • Heating Fuel: Central
  • Hot Water: Electric
  • Sewer Septic: Public Sewer
  • Water Source: Public
    Financial Info
  • Net Operating Income: $131,681
  • Annual Rental Income: $173,940
  • Gross Scheduled Income: $173,940
  • Income Includes: Laundry
  • Cap Rate: 6.00
Rent Info
    Rent Info
  • Existing Lease Type: Gross, Long Term
  • Rent Control: No
Building Info
    SQFT
  • Above Grade Finished SQFT: 0
  • Below Grade Finished SQFT: 0
  • Total Finished SQFT: 0
    Structure
  • Basement Type: Daylight, Full
  • Building Units Total: 4
  • Other Structures: Above Grade, Below Grade
  • Outdoor Living Structures: Patio(s), Porch(es), Balcony
  • Accessibility Features: None
  • Construction Materials: Brick
  • Elevators Count: 0
  • New Construction: No
  • Exterior Features: Exterior Lighting, Fire Escape, Sidewalks, Street Lights
  • Roof: Flat
    Unit Info
  • Single Room Units Count: 2
  • One Bedroom Units Count: 4
  • Two Bedroom Units Count: 6
  • Three Bedroom Units Count: 0
  • Number Of Units Month To Month: 0
  • Number Of Units Vacant: 0
  • Units Furnished: None
Lot Info
    Lot Info
  • Property Type: Multi-Family
  • Foundation Details: Block, Brick/Mortar, Stone
  • Land Lease: No
  • Lot Features: Corner, Level
  • Lot Size Dimensions: 160x44
  • Lot Size Source: Estimated
  • Lot SQFT: 7405
  • Lot Size Acres: .17
  • Navigable Water: No
  • Property Condition: Good
  • Road Responsibility: Public
  • Age: 1920
Parking
    Parking
  • Garage: No
  • Type Of Parking: Driveway, Off Street
  • Parking Features: Private
Interior Features
    Interior Features
  • Virtual Tour URL Unbranded: http://www.vht.com/434190366/IDXS
  • Interior Features: Chair Railings, Crown Moldings, Curved Staircase, Wainscotting, Walk-in Closet(s), Wood Floors
  • Appliances: Dishwasher
  • Fireplace: No
  • Flooring Type: Carpet, Hardwood
  • Central Air: Yes
  • Cooling Type: Central A/C, Heat Pump(s)
  • Heating: Yes
  • Heating Type: Central
  • Wall and Ceiling Types: Dry Wall, Plaster Walls
Exterior Features
    Exterior Features
  • Pool: No Pool
  • Spa: No

Property History for 1401-1403 Delaware Avenue

DateEvent & SourcePriceAppreciation
Jul 30, 2021

Listed (Active)

BRIGHT #DENC2003746

$2,194,733
Apr 1, 2020

Withdrawn

BRIGHT #DENC488212

$1,806,071
Oct 3, 2019

Listed (Active)

BRIGHT #DENC488212

$1,866,071
DateEvent & SourcePrice
07/30/2021

Listed (Active)

BRIGHT #DENC2003746

$2,194,733
04/01/2020

Withdrawn

BRIGHT #DENC488212

$1,806,071
10/03/2019

Listed (Active)

BRIGHT #DENC488212

$1,866,071

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

Schools near 1401-1403 Delaware Avenue


SchoolTypeGradesDistanceRating
Ursuline Academy LowerPrivatePK-60.2 mi
NR
Ursuline AcademyPrivatePK-120.2 mi
NR
Padua AcademyPrivate9-120.4 mi
NR
Lewis (William C.) Dual Language Elementary SchoolPublicK-50.4 mi
2

Ursuline Academy Lower

PK-6, 0.2 mi, Private

NR

Ursuline Academy

PK-12, 0.2 mi, Private

NR

Padua Academy

9-12, 0.4 mi, Private

NR

Lewis (William C.) Dual Language Elementary School

K-5, 0.4 mi, Public

2

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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1401-1403 Delaware Avenue is a multi-family home for sale in Wilmington, DE 19806. This property was listed for sale on July 30, 2021 by Patterson-Schwartz - Greenville at $2,194,733. This listing's school district is Red Clay Consolidated School District. Nearby schools include Lewis (William C.) Dual Language Elementary School, Skyline Middle School and duPont (Alexis I.) High School. 1401-1403 Delaware Avenue is a 0-bed, 0-bath, multi-family home built in 1920.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Patterson-Schwartz - Greenville

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