517 Delamore Pl · Wilmington, DE 19805

$200,000

4 bd · 2.0 ba · 1,425 sqft · Townhouse public records · 174 Days on market

Built 1900 1,307 sqft lot $140/sqft · 15% above area Est $173k · 15% over

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Why this score? — see what drove the C- 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).

• Cash flow +24.2/30.0
• DSCR +7.8/10.0
• 1% rule +5.2/10.0
• Rent growth +4.1/5.0
• Livability +3.2/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• ARV discount +0.6/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

The renovations have just been completed on the spacious 4 bedroom, 2 bath interior townhouse near St. Francis Hospital. Enter the home from the covered front porch into the main living level that is very open. The living room, dining room and kitchen are all visible and enjoy great natural light. There is a full bath on the main level. On the 2nd floor, there are 3 nice-sized bedrooms and another full bath. Journey to the 3rd floor to find the large 4th bedroom. New LVP flooring throughout the first floor plus new carpeting on the upper levels. The kitchen and baths are all new. New lighting throughout. There is a new roof on the property and the brick has been painted in front. There is a lot of home for the money in a convenient location! Take a look!

Key facts

• Built 1900
• Listed 174 days

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath townhouse listed at $200k.

Deal economics

• At list price, monthly cash flow is $398 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $176k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 5.7% in Wilmington — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#52 in DE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: employment D+, commute D, crime F.
• Red Clay Consolidated School District (suburban): math 27% / reading 42% proficiency, ranked #12 of 26 in DE (top 46%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Warner Elementary School (math 2% / reading 2%, grade F, #104 of 105 statewide, top 100%, 360 students, 0% FRL); Dupont (H.B.) Middle School (math 35% / reading 55%, grade D, #4 of 36 statewide, top 11%, 754 students, 0% FRL); Dupont (Alexis I.) High School (math 22% / reading 47%, grade F, #18 of 40 statewide, top 49%, 680 students, 0% FRL) — zoned schools average 0% FRL vs 44% district-wide (44 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+6.3%/yr); 168 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 1,367 units permitted in New Castle County in 2024 (201 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• New Castle County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 6.3% rent growth), your $56k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 174 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 28y ago; this cycle's ask has dropped $30k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $25k; list at $200k implies a 694% 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, 27% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $176,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 174 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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.
8. 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.
9. 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: 1.02% ✓
• Cap rate: 8.68%
• Cash-on-cash: 8.54%
• DSCR: 1.38
• GRM: 8.2

CMA / ARV

• ARV (median comp): $173,484
• List price: $200,000
• Delta: 15.28%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1302 W 6th St	0.20mi	4/2.5	1,525 (+7%)	1mo	$265,000	$174	76
422 S Broom St	0.50mi	3/2.0 (-1)	1,400 (-2%)	1mo	$299,900	$214	67
1823 W 7th St	0.25mi	3/2.0 (-1)	1,300 (-9%)	2mo	$180,000	$138	67
1204 W 8th St	0.30mi	3/1.5 (-1)	1,525 (+7%)	1mo	$355,000	$233	67
1911 W 9th St	0.37mi	3/1.0 (-1)	1,325 (-7%)	1mo	$275,000	$208	61
1018 Trenton Pl	0.63mi	3/1.5 (-1)	1,400 (-2%)	1mo	$274,000	$196	60
315 S Jackson St	0.59mi	3/1.5 (-1)	1,475 (+4%)	1mo	$180,000	$122	59
1213 W 3rd St	0.28mi	3/1.5 (-1)	1,250 (-12%)	1mo	$215,000	$172	58
1210 Elm St	0.48mi	3/2.0 (-1)	1,300 (-9%)	1mo	$200,000	$154	57
1715 Sycamore St	0.56mi	3/1.0 (-1)	1,260 (-12%)	1mo	$241,000	$191	45
236 N Monroe St	0.59mi	3/1.5 (-1)	1,250 (-12%)	1mo	$180,000	$144	44
400 Geddes St	0.58mi	3/1.5 (-1)	1,225 (-14%)	0mo	$337,500	$276	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 6.35% rent growth · sell at horizon

5-year hold

• IRR: -0.0%
• Equity multiple: 1.00×
• Total profit: $-12
• Equity at exit: $29,821

10-year hold

• IRR: 12.6%
• Equity multiple: 2.13×
• Total profit: $63,550
• Equity at exit: $17,292

Cash invested: $56,000 (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 19805

• Rents YoY: 6.3%
• Active inventory: 168
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,036 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$78 /mo · $936/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$428
• Net cashflow: $398

Break-even live

Break-even rent $1,532

Max offer price $200,000

Occupancy floor 75%

Sensitivity live

Price	-10% $512	-5% $455	+0% $398	+5% $342	+10% $285
Rent	-10% $238	-5% $318	+0% $398	+5% $479	+10% $559
Rate	-1.0pp $499	-0.5pp $449	base $398	+0.5pp $347	+1.0pp $294

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
307 N Rodney St Wilmington, DE	3.0	1.5	1425	$2,000	$1.40	45d	1	0.11mi
618 N Scott St Wilmington, DE	3.0	1.5	1400	$1,850	$1.32	45d	1	0.19mi
521 N Franklin St Wilmington, DE	3.0	2.0	1500	$1,795	$1.20	0d	1	0.20mi
1607 Howland St Wilmington, DE	3.0	1.0	1075	$1,900	$1.77	5d	1	0.23mi
115 N Clayton St Unit 115 Wilmington, DE	3.0	1.5	1200	$1,725	$1.44	13d	1	0.24mi
1624 W 9th St Wilmington, DE	3.0	2.5	1780	$2,500	$1.40	20d	1	0.27mi
232 N Franklin St Wilmington, DE	3.0	2.0	1150	$1,795	$1.56	45d	1	0.27mi
1301 Lancaster Ave Wilmington, DE	4.0	2.0	1200	$1,800	$1.50	13d	1	0.32mi
1913 W 2nd St Unit 1913 Wilmington, DE	5.0	1.5	1675	$2,050	$1.22	45d	1	0.34mi
1029 Lancaster Ave Wilmington, DE	4.0	1.5	1375	$1,900	$1.38	26d	1	0.44mi
1227 Linden St Wilmington, DE	3.0	2.0	950	$1,850	$1.95	5d	1	0.48mi
820 W 7th St Wilmington, DE	3.0	1.0	1000	$1,650	$1.65	45d	1	0.52mi
1815 Maple St Wilmington, DE	3.0	1.5	1100	$1,995	$1.81	0d	1	0.53mi
414 S Franklin St Wilmington, DE	3.0	2.0	1195	$1,895	$1.59	45d	1	0.53mi
1802 Maple St Wilmington, DE	3.0	1.5	1250	$2,500	$2.00	26d	1	0.54mi
1525 Beech St Wilmington, DE	3.0	2.5	1850	$2,400	$1.30	7d	1	0.57mi
1110 Maple St Wilmington, DE	3.0	1.0	1525	$1,600	$1.05	45d	1	0.59mi
1010 Trenton Pl Wilmington, DE	3.0	1.5	1475	$2,350	$1.59	18d	1	0.63mi
617 W 6th St Unit 617 B Wilmington, DE	3.0	1.0	1000	$1,600	$1.60	7d	1	0.64mi
507 W 4th St Wilmington, DE	3.0	1.5	1075	$1,800	$1.67	14d	1	0.70mi
21 Stroud St Unit 1 Wilmington, DE	3.0	1.5	1875	$1,900	$1.01	45d	1	0.80mi
25 Stroud St Wilmington, DE	3.0	1.0	1200	$1,795	$1.50	5d	1	0.80mi
1016 Clayton Rd Wilmington, DE	3.0	1.0	1150	$1,850	$1.61	7d	1	0.84mi
7 6th Ave Wilmington, DE	3.0	2.0	1325	$1,800	$1.36	45d	1	0.87mi
801 N Orange St Wilmington, DE	3.0	1.0–3.0	1118	$3,991	$3.57	0d	115	0.91mi
1122 Coyne Pl Wilmington, DE	3.0	1.0	1350	$1,950	$1.44	45d	1	0.92mi
1601 E Latimer Pl Wilmington, DE	4.0	1.0	1450	$2,195	$1.51	20d	1	0.93mi
1508 Maryland Ave Wilmington, DE	3.0	1.5	1450	$1,850	$1.28	0d	1	0.94mi
1936 Lakeview Rd Wilmington, DE	3.0	1.0	1350	$1,850	$1.37	16d	1	0.98mi
107 W 13th St Wilmington, DE	3.0	1.5	1325	$1,895	$1.43	45d	1	1.04mi
1217 N King St Wilmington, DE	3.0	1.5	1300	$2,145	$1.65	20d	1	1.14mi
1601 Bonwood Rd Wilmington, DE	3.0	1.5	1500	$1,850	$1.23	26d	1	1.25mi
605 E 10th St Wilmington, DE	3.0	1.0	1200	$1,850	$1.54	26d	1	1.41mi
928 Kirkwood St Wilmington, DE	3.0	1.5	1150	$1,700	$1.48	19d	1	1.43mi
3403 Lancaster Pike Wilmington, DE	2.0–3.0	1.0	1022	$1,874	$1.83	1d	3	1.46mi
306 Concord Ave Unit 2 Wilmington, DE	3.0	1.0	1100	$1,350	$1.23	45d	1	1.46mi
1004 N Spruce St Wilmington, DE	3.0	1.5	1075	$1,800	$1.67	20d	1	1.48mi

Listing history 39 events

1. 2026-06-21
   days on market $200,000 Active 174 DOM
2. 2026-06-18
   days on market $200,000 Active 171 DOM
3. 2026-06-17
   days on market $200,000 Active 170 DOM
4. 2026-06-16
   days on market $200,000 Active 169 DOM
5. 2026-06-15
   days on market $200,000 Active 168 DOM
6. 2026-06-13
   days on market $200,000 Active 166 DOM
7. 2026-06-13
   days on market $200,000 Active 165 DOM
8. 2026-06-09
   days on market $200,000 Active 162 DOM
9. 2026-06-08
   days on market $200,000 Active 161 DOM
10. 2026-06-07
    days on market $200,000 Active 160 DOM
11. 2026-06-04
    pricedays on market $200,000 Active 157 DOM
12. 2026-06-03
    days on market $212,900 Active 156 DOM
13. 2026-06-02
    days on market $212,900 Active 155 DOM
14. 2026-06-01
    days on market $212,900 Active 154 DOM
15. 2026-05-31
    days on market $212,900 Active 153 DOM
16. 2026-03-13
    price $212,900 765-char remark

    Show marketing remark (765 chars)

    The renovations have just been completed on the spacious 4 bedroom, 2 bath interior townhouse near St. Francis Hospital. Enter the home from the covered front porch into the main living level that is very open. The living room, dining room and kitchen are all visible and enjoy great natural light. There is a full bath on the main level. On the 2nd floor, there are 3 nice-sized bedrooms and another full bath. Journey to the 3rd floor to find the large 4th bedroom. New LVP flooring throughout the first floor plus new carpeting on the upper levels. The kitchen and baths are all new. New lighting throughout. There is a new roof on the property and the brick has been painted in front. There is a lot of home for the money in a convenient location! Take a look!

17. 2026-02-23
    price $214,900 765-char remark

    Show marketing remark (765 chars)

    The renovations have just been completed on the spacious 4 bedroom, 2 bath interior townhouse near St. Francis Hospital. Enter the home from the covered front porch into the main living level that is very open. The living room, dining room and kitchen are all visible and enjoy great natural light. There is a full bath on the main level. On the 2nd floor, there are 3 nice-sized bedrooms and another full bath. Journey to the 3rd floor to find the large 4th bedroom. New LVP flooring throughout the first floor plus new carpeting on the upper levels. The kitchen and baths are all new. New lighting throughout. There is a new roof on the property and the brick has been painted in front. There is a lot of home for the money in a convenient location! Take a look!

18. 2026-01-13
    status Active 765-char remark

    Show marketing remark (765 chars)

    The renovations have just been completed on the spacious 4 bedroom, 2 bath interior townhouse near St. Francis Hospital. Enter the home from the covered front porch into the main living level that is very open. The living room, dining room and kitchen are all visible and enjoy great natural light. There is a full bath on the main level. On the 2nd floor, there are 3 nice-sized bedrooms and another full bath. Journey to the 3rd floor to find the large 4th bedroom. New LVP flooring throughout the first floor plus new carpeting on the upper levels. The kitchen and baths are all new. New lighting throughout. There is a new roof on the property and the brick has been painted in front. There is a lot of home for the money in a convenient location! Take a look!

19. 2025-12-24
    status Pending 765-char remark

    Show marketing remark (765 chars)

    The renovations have just been completed on the spacious 4 bedroom, 2 bath interior townhouse near St. Francis Hospital. Enter the home from the covered front porch into the main living level that is very open. The living room, dining room and kitchen are all visible and enjoy great natural light. There is a full bath on the main level. On the 2nd floor, there are 3 nice-sized bedrooms and another full bath. Journey to the 3rd floor to find the large 4th bedroom. New LVP flooring throughout the first floor plus new carpeting on the upper levels. The kitchen and baths are all new. New lighting throughout. There is a new roof on the property and the brick has been painted in front. There is a lot of home for the money in a convenient location! Take a look!

20. 2025-12-09
    listed $229,900 Active 765-char remark

    Show marketing remark (765 chars)

    The renovations have just been completed on the spacious 4 bedroom, 2 bath interior townhouse near St. Francis Hospital. Enter the home from the covered front porch into the main living level that is very open. The living room, dining room and kitchen are all visible and enjoy great natural light. There is a full bath on the main level. On the 2nd floor, there are 3 nice-sized bedrooms and another full bath. Journey to the 3rd floor to find the large 4th bedroom. New LVP flooring throughout the first floor plus new carpeting on the upper levels. The kitchen and baths are all new. New lighting throughout. There is a new roof on the property and the brick has been painted in front. There is a lot of home for the money in a convenient location! Take a look!

21. 2025-12-06
    historical $229,900 765-char remark

    Show marketing remark (765 chars)

    The renovations have just been completed on the spacious 4 bedroom, 2 bath interior townhouse near St. Francis Hospital. Enter the home from the covered front porch into the main living level that is very open. The living room, dining room and kitchen are all visible and enjoy great natural light. There is a full bath on the main level. On the 2nd floor, there are 3 nice-sized bedrooms and another full bath. Journey to the 3rd floor to find the large 4th bedroom. New LVP flooring throughout the first floor plus new carpeting on the upper levels. The kitchen and baths are all new. New lighting throughout. There is a new roof on the property and the brick has been painted in front. There is a lot of home for the money in a convenient location! Take a look!

22. 2015-10-15
    soldstatus $25,200 775-char remark

    Show marketing remark (775 chars)

    This is a Fannie Mae HomePath property. Inviting front entry porch greets you and welcomes you in to this three story, 4 bedroom town home which is located conveniently off Lancaster Ave within walking distance to parks, schools, community shopping and places of worship. First floor features spacious living area defined with two handsome columns, a full bathroom, dining area that is open to spacious kitchen separated by a nice breakfast bar. Upstairs are four well scaled bedrooms with adequate closet space and one full bathroom. Renovation type financing is an excellent funding solution for this property -- imagine a new kitchen with stainless steel appliances or hardwood floors or a new bathroom. Seller requires that offers be made online via the HomePath website.

23. 2015-10-15
    soldstatus $25,200 Sold

    Show marketing remark (775 chars)

    This is a Fannie Mae HomePath property. Inviting front entry porch greets you and welcomes you in to this three story, 4 bedroom town home which is located conveniently off Lancaster Ave within walking distance to parks, schools, community shopping and places of worship. First floor features spacious living area defined with two handsome columns, a full bathroom, dining area that is open to spacious kitchen separated by a nice breakfast bar. Upstairs are four well scaled bedrooms with adequate closet space and one full bathroom. Renovation type financing is an excellent funding solution for this property -- imagine a new kitchen with stainless steel appliances or hardwood floors or a new bathroom. Seller requires that offers be made online via the HomePath website.

24. 2015-08-24
    status Under Contract

    Show marketing remark (775 chars)

    This is a Fannie Mae HomePath property. Inviting front entry porch greets you and welcomes you in to this three story, 4 bedroom town home which is located conveniently off Lancaster Ave within walking distance to parks, schools, community shopping and places of worship. First floor features spacious living area defined with two handsome columns, a full bathroom, dining area that is open to spacious kitchen separated by a nice breakfast bar. Upstairs are four well scaled bedrooms with adequate closet space and one full bathroom. Renovation type financing is an excellent funding solution for this property -- imagine a new kitchen with stainless steel appliances or hardwood floors or a new bathroom. Seller requires that offers be made online via the HomePath website.

25. 2015-08-24
    historical 775-char remark

    Show marketing remark (775 chars)

    This is a Fannie Mae HomePath property. Inviting front entry porch greets you and welcomes you in to this three story, 4 bedroom town home which is located conveniently off Lancaster Ave within walking distance to parks, schools, community shopping and places of worship. First floor features spacious living area defined with two handsome columns, a full bathroom, dining area that is open to spacious kitchen separated by a nice breakfast bar. Upstairs are four well scaled bedrooms with adequate closet space and one full bathroom. Renovation type financing is an excellent funding solution for this property -- imagine a new kitchen with stainless steel appliances or hardwood floors or a new bathroom. Seller requires that offers be made online via the HomePath website.

26. 2015-08-19
    listed $26,000 Active
27. 2015-08-18
    listed $26,000 775-char remark

    Show marketing remark (775 chars)

    This is a Fannie Mae HomePath property. Inviting front entry porch greets you and welcomes you in to this three story, 4 bedroom town home which is located conveniently off Lancaster Ave within walking distance to parks, schools, community shopping and places of worship. First floor features spacious living area defined with two handsome columns, a full bathroom, dining area that is open to spacious kitchen separated by a nice breakfast bar. Upstairs are four well scaled bedrooms with adequate closet space and one full bathroom. Renovation type financing is an excellent funding solution for this property -- imagine a new kitchen with stainless steel appliances or hardwood floors or a new bathroom. Seller requires that offers be made online via the HomePath website.

28. 2015-07-14
    historical
29. 2015-05-03
    listed $27,700
30. 2004-03-25
    soldstatus $68,000
31. 2004-02-12
    historical
32. 2003-09-23
    listed $68,000
33. 2003-07-24
    historical
34. 2002-07-29
    listed $70,000
35. 1999-10-13
    listed $59,900
36. 1999-10-13
    historical
37. 1998-04-29
    listed $79,000
38. 1998-04-29
    historical
39. 1990-02-01
    soldstatus $69,900

ⓘ 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: $936 · $78/mo
• Projected year-2 tax: $1,048 · $87/mo
• Expected delta: +$112/yr (+$9/mo · 12.0%)

ⓘ 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 7/10 Severe 7 d/yr ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,435
• − Mortgage interest: −$11,203
• − Property taxes: −$936
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,955
• − Management: −$1,955
• − Depreciation: −$5,818
• Taxable income: $1,568
• Est. tax owed @ 24.0%: −$376
• After-tax cash flow: $4,405/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: Red Clay Consolidated School District
• NCES district ID: 1001300
• Math proficiency: 27% ▼ -11.00%
• Reading proficiency: 42% ▼ -7.00%
• Median HH income: $64,298
• Composite: 31.25/100
• National rank: #6027
• State rank: #12 of 26 in DE

Livability — Wilmington

• Score: 64/100
• State rank: #52
• US rank: #14251

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wilmington, DE
• County: New Castle County · 483,412 people
• City population: 173,480
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 41,402
• Household income: $60,221
• Rent vs Own: 40.6% rent · 59.4% own
• Severe rent burden: 1730.0

Population outlook (New Castle County) Hauer SSP2

• Today (2025): 594,686 people
• By 2030: 609,164 · +2.4%
• By 2040: 632,154 · +6.3%
• By 2050: 649,068 · +9.1%
• By 2075: 687,771 · +15.7%
• By 2100: 694,961 · +16.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 37% Black 32% Hispanic / Latino 25% Two or more races 10%
• Hispanic origin (detail): Mexican 10% Puerto Rican 10% Dominican 2%
• Common ancestry: Romanian 4% Slovak 1% Italian 1%
• Foreign-born: 9% · Canada
• Languages at home: 79% English-only · Spanish 18% French/Haitian/Cajun 1% Arabic 1%

Political lean MEDSL · New Castle

• 2024 margin: Solid D (+32.6) · D 65.5% · R 32.9% · Other 1.6%
• 2008→2024 swing: -8.1pp toward R · 2008: 40.6pp · 2024: 32.6pp
• All cycles: 2024: D+32.6 2020: D+37.1 2016: D+29.6 2012: D+34.1 2008: D+40.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -291.16%
• Current HPI: 259.1455
• Rent YoY: ▲ 6.35%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• State GDP YoY: —
• F500 in state: 0

Price history

+204.6% since first listed

24 events — show timeline

• 2026-03-13 Price Changed $212,900 BRIGHT MLS
• 2026-02-23 Price Changed $214,900 BRIGHT MLS
• 2026-01-13 Relisted — BRIGHT MLS
• 2025-12-24 Pending — BRIGHT MLS
• 2025-12-09 Listed $229,900 BRIGHT MLS
• 2025-12-06 Coming Soon $229,900 BRIGHT MLS
• 2015-10-15 Sold (MLS) $25,200 TREND
• 2015-10-15 Sold (MLS) $25,200 BRIGHT MLS
• 2015-08-24 Pending — TREND
• 2015-08-24 Listing Removed — BRIGHT MLS
• 2015-08-19 Listed $26,000 TREND
• 2015-08-18 Listed $26,000 BRIGHT MLS
• 2015-07-14 Listing Removed — BRIGHT MLS
• 2015-05-03 Listed $27,700 BRIGHT MLS
• 2004-03-25 Sold (MLS) $68,000 BRIGHT MLS
• 2004-02-12 Listing Removed — BRIGHT MLS
• 2003-09-23 Listed $68,000 BRIGHT MLS
• 2003-07-24 Listing Removed — BRIGHT MLS
• 2002-07-29 Listed $70,000 BRIGHT MLS
• 1999-10-13 Listing Removed — BRIGHT MLS
• 1999-10-13 Listed $59,900 BRIGHT MLS
• 1998-04-29 Listing Removed — BRIGHT MLS
• 1998-04-29 Listed $79,000 BRIGHT MLS
• 1990-02-01 Sold (Public Records) $69,900 Public Records

Property tax history

+3.7%/yr

Latest (2024): $936 · +15.1% YoY. Source: county tax records.