106 Delaware Ave · Bridgeville, DE 19933

$350,000

3 bd · 2.0 ba · 901 sqft · SingleFamily public records · 202 Days on market

Built 1900 6,098 sqft lot $388/sqft · 182% above area Est $358k · at est.

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +8.5/15.0
• Cash flow +6.2/30.0
• Appreciation +5.6/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• DSCR +0.5/10.0
• 1% rule +0.2/10.0

Listing remarks MLS

Step into classic Victorian charm at 106 Delaware Avenue in the heart of Bridgeville. This beautifully remodeled 3-bedroom, 3-bath home offers 2,600 sq ft of living space and blends historic character with modern comfort. Built in 1900 and set on a desirable corner lot, the property features stunning Queen Anne architectural details, spacious rooms, and inviting outdoor areas perfect for relaxing and entertaining. Inside, the home offers 9 total rooms including a formal living room, dining room, and a large eat-in kitchen with center island. Enjoy modern conveniences such as central air conditioning, forced air heat , public water, and public sewer. Outdoor living is easy with both a welcoming front porch and a screened porch ideal for enjoying the seasons. A detached garage with loft adds extra value and potential—great for storage, a workshop, or possible ADU use (buyer to verify with the town). Located within Bridgeville town limits, this home offers walkable access to local amenities and quick routes to major highways, making daily travel convenient. This property is a rare opportunity to own a piece of Bridgeville’s history while enjoying comfortable, flexible living in a growing Sussex County community. Perfect for buyers looking for character, space, and location.

Key facts

• Victorian charm
• Screened porch
• 6,098 sq ft lot

Tags

• VICTORIAN CHARM
• DETACHED GARAGE WITH LOFT
• WELCOMING FRONT PORCH
• SCREENED PORCH
• QUICK ROUTES TO MAJOR HIGHWAYS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $350k.

Deal economics

• At list price, monthly cash flow is $-639 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $237k (32.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $182k (47.9% below list).
• Recommended offer: $182k (47.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 64/100 on livability (#48 in DE) — a middle-class / working-renter tenant base. Strengths: health & safety A, crime B; Watch: amenities F, commute F.
• Woodbridge School District (rural): math 17% / reading 34% proficiency, ranked #21 of 26 in DE (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Woodbridge Early Childhood Education Center (592 students, 0% FRL); Woodbridge Middle School (math 13% / reading 37%, grade F, #22 of 36 statewide, top 63%, 598 students, 0% FRL); Woodbridge High School (math 12% / reading 27%, grade F, #32 of 40 statewide, top 85%, 723 students, 0% FRL) — zoned schools average 0% FRL vs 59% district-wide (59 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 108 active listings in the ZIP; 4,354 units permitted in Sussex County in 2024 (344 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($2k loan paydown + $4k appreciation (1.1% local appreciation)).
• Sussex County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 6, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 202 days — a 12% lower offer ($308k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 17y ago; this cycle's ask has dropped $20k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $65k; list at $350k implies a 438% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 70% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $182,390 (47.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 202 days. Have you received any prior offers? Is the seller open to a 48% concession, seller financing, or rate buy-down credit?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.52% ✗
• Cap rate: 4.10%
• Cash-on-cash: -7.82%
• DSCR: 0.65
• GRM: 16.0

CMA / ARV

• ARV (median comp): $358,064
• List price: $350,000
• Delta: -2.25%
• Verdict: FAIR
• Comps: 12 within 1.0 mi

Projected returns pro-forma

1.14% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -6.4%
• Equity multiple: 0.67×
• Total profit: $-31,892
• Equity at exit: $122,070

10-year hold

• IRR: -1.0%
• Equity multiple: 0.88×
• Total profit: $-12,162
• Equity at exit: $164,239

Cash invested: $98,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 70 Landlord-Friendly
• State Delaware: 70 Landlord-Friendly · D+7
• County: — inherits STATE
• City: — inherits STATE

Court of Common Pleas hears L&T; moderate-paced. No state rent control.

Methodology + full state rankings →

ZIP-level market 19933

• Home prices YoY: 0.4%
• Active inventory: 108
• Price-to-rent: 16.0×

Monthly cashflow live

• Estimated rent: $1,824 medium
• Mortgage (P&I): −$1,835
• Tax from tax record: −$98 /mo · $1,181/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$383
• Net cashflow: $-639

Break-even live

Break-even rent $2,633

Max offer price $237,147

Occupancy floor —

Sensitivity live

Price	-10% $-441	-5% $-540	+0% $-639	+5% $-738	+10% $-837
Rent	-10% $-783	-5% $-711	+0% $-639	+5% $-567	+10% $-495
Rate	-1.0pp $-463	-0.5pp $-550	base $-639	+0.5pp $-730	+1.0pp $-822

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $87,500
• Closing costs: $10,500
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-22
   days on market $350,000 Active 202 DOM
2. 2026-06-21
   days on market $350,000 Active 201 DOM
3. 2026-06-21
   days on market $350,000 Active 200 DOM
4. 2026-06-18
   days on market $350,000 Active 198 DOM
5. 2026-06-17
   days on market $350,000 Active 197 DOM
6. 2026-06-16
   days on market $350,000 Active 196 DOM
7. 2026-06-15
   days on market $350,000 Active 195 DOM
8. 2026-06-13
   days on market $350,000 Active 193 DOM
9. 2026-06-12
   days on market $350,000 Active 192 DOM
10. 2026-06-09
    days on market $350,000 Active 189 DOM
11. 2026-06-08
    days on market $350,000 Active 188 DOM
12. 2026-06-07
    days on market $350,000 Active 187 DOM
13. 2026-06-07
    days on market $350,000 Active 186 DOM
14. 2026-06-04
    days on market $350,000 Active 183 DOM
15. 2026-06-02
    pricedays on market $350,000 Active 182 DOM
16. 2026-06-01
    days on market $369,900 Active 181 DOM
17. 2026-05-31
    days on market $369,900 Active 180 DOM
18. 2026-05-31
    days on market $369,900 Active 179 DOM
19. 2025-12-02
    listed $369,900 Active 1303-char remark

    Show marketing remark (1303 chars)

    Step into classic Victorian charm at 106 Delaware Avenue in the heart of Bridgeville. This beautifully remodeled 3-bedroom, 3-bath home offers 2,600 sq ft of living space and blends historic character with modern comfort. Built in 1900 and set on a desirable corner lot, the property features stunning Queen Anne architectural details, spacious rooms, and inviting outdoor areas perfect for relaxing and entertaining. Inside, the home offers 9 total rooms including a formal living room, dining room, and a large eat-in kitchen with center island. Enjoy modern conveniences such as central air conditioning, forced air heat , public water, and public sewer. Outdoor living is easy with both a welcoming front porch and a screened porch ideal for enjoying the seasons. A detached garage with loft adds extra value and potential—great for storage, a workshop, or possible ADU use (buyer to verify with the town). Located within Bridgeville town limits, this home offers walkable access to local amenities and quick routes to major highways, making daily travel convenient. This property is a rare opportunity to own a piece of Bridgeville’s history while enjoying comfortable, flexible living in a growing Sussex County community. Perfect for buyers looking for character, space, and location.

20. 2020-11-05
    historical
21. 2020-07-13
    price $215,000
22. 2019-11-05
    listed $220,000 Active
23. 2013-02-04
    soldstatus $65,000
24. 2013-01-31
    soldstatus $65,000
25. 2012-06-14
    listed $110,000
26. 2012-06-14
    historical
27. 2009-10-07
    listed $125,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast DE · Partial reset (capped growth)

• Current annual tax: $1,181 · $98/mo
• Projected year-2 tax: $1,606 · $134/mo
• Expected delta: +$424/yr (+$35/mo · 35.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 70% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,887
• − Mortgage interest: −$19,605
• − Property taxes: −$1,181
• − Insurance: −$1,750
• − Repairs & maintenance: −$1,751
• − Management: −$1,751
• − Depreciation: −$10,182
• Taxable loss: −$14,334
• Est. tax savings @ 24.0%: +$3,440
• After-tax cash flow: $-4,226/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Woodbridge School District
• NCES district ID: 1001850
• Math proficiency: 17% ▼ -14.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $48,711
• Composite: 22.28/100
• National rank: #8137
• State rank: #21 of 26 in DE

Livability — Bridgeville

• Score: 64/100
• State rank: #48
• US rank: #13807

Category grades

Amenities F Commute F Cost of living C+ Crime B Employment C Housing C+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bridgeville, DE
• City population: 11,409
• Population (ZIP): 11,409

Population outlook (Sussex County) Hauer SSP2

• Today (2025): 248,853 people
• By 2030: 264,464 · +6.3%
• By 2040: 290,980 · +16.9%
• By 2050: 311,259 · +25.1%
• By 2075: 352,488 · +41.6%
• By 2100: 367,406 · +47.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 52% Hispanic / Latino 22% Black 21% Two or more races 10%
• Hispanic origin (detail): Mexican 9% Puerto Rican 2%
• Common ancestry: Romanian 2% Hispanic 2% Slovak 1%
• Foreign-born: 10% · Canada
• Languages at home: 80% English-only · Spanish 16% French/Haitian/Cajun 3% Other Indo-European 1%

Political lean MEDSL · Sussex

• 2024 margin: R (+11.0) · D 43.9% · R 54.9% · Other 1.2%
• 2008→2024 swing: -2.4pp toward R · 2008: -8.6pp · 2024: -11.0pp
• All cycles: 2024: R+11.0 2020: R+11.2 2016: R+22.0 2012: R+13.0 2008: R+8.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.14%
• Current HPI: 283.0199
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+195.9% since first listed

9 events — show timeline

• 2025-12-02 Listed $369,900 BRIGHT MLS
• 2020-11-05 Listing Removed — BRIGHT MLS
• 2020-07-13 Price Changed $215,000 BRIGHT MLS
• 2019-11-05 Listed $220,000 BRIGHT MLS
• 2013-02-04 Sold (Public Records) $65,000 Public Records
• 2013-01-31 Sold (MLS) $65,000 BRIGHT MLS
• 2012-06-14 Listing Removed — BRIGHT MLS
• 2012-06-14 Listed $110,000 BRIGHT MLS
• 2009-10-07 Listed $125,000 BRIGHT MLS

Property tax history

+11.3%/yr

Latest (2025): $1,181 · +53.5% YoY. Source: county tax records.