1108 W 3rd St · Wilmington, DE 19805

$183,999

3 bd · 1.0 ba · 850 sqft · Townhouse public records · 134 Days on market

Built 1900 871 sqft lot $216/sqft · 121% above area

---

Why this score? — see what drove the D+ 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 +18.6/30.0
• ARV discount +7.5/15.0
• DSCR +5.8/10.0
• 1% rule +5.0/10.0
• Rent growth +4.1/5.0
• Livability +3.2/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Take a second look—this one is worth it! Priced to sell with the seller offering $5,000 toward buyer closing costs. 
Welcome home to this beautifully renovated 2-bedroom, 2-bath residence, where modern design and thoughtful craftsmanship come together to create a space that feels both stylish and comfortable. Completely rebuilt down to the studs, this move-in-ready home offers the perfect opportunity for a homeowner seeking simplicity and convenience or an investor looking for a turnkey property. As you step inside, you’ll immediately notice the bright, open layout filled with natural light and enhanced by ceramic tile flooring, recessed lighting, and fresh contemporary finishes throughout. The kitchen serves as the heart of the home, featuring granite countertops, stainless steel appliances, and ample cabinetry, making it an inviting space for cooking, gathering, and entertaining. Both bedrooms offer comfortable retreats with generous closet space, while the two beautifully updated bathrooms feature sleek fixtures and modern design touches that add a sense of everyday luxury. Beyond the beautiful finishes, this home also offers valuable peace of mind with major upgrades including a brand-new HVAC system, updated plumbing and electrical, and a new roof with rebuilt rafters—ensuring lasting comfort and reliability. Step outside to enjoy the fully fenced backyard, a perfect setting for relaxing, hosting friends and family, or creating your own private outdoor oasis. Ideally located just minutes from the Riverfront, local restaurants, shopping, entertainment, and convenient access to I-95, this home combines modern living with city convenience. With thoughtful updates, inviting spaces, and strong long-term value, this home is ready to welcome its next owner. This is a rare opportunity, exceptional value and homes like this don’t last. Buyer assistance may be available (subject to eligibility—ask your agent for details). Schedule your showing today—before someone else calls it home.

Key facts

• Built 1900
• Listed 133 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $184k.

Deal economics

• At list price, monthly cash flow is $177 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $183k (0.3% below list).
• Recommended offer: $162k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.4% vs local median 5.6% 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+, schools D, commute D.
• 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.
• Market conditions: Rents rising fast (+6.3%/yr); 167 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 1,367 units permitted in New Castle County in 2024 (201 in 5+ unit buildings).
• This rent runs 37% of the median local income ($60k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.

Negotiation context

• It's been on market 134 days — a 12% lower offer ($162k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 30y ago; this cycle's ask has dropped $15k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $161,919 (12.0% below list)

Questions for the listing agent

1. It's been on market 134 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. 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: 1.00% ✗
• Cap rate: 7.45%
• Cash-on-cash: 4.13%
• DSCR: 1.18
• GRM: 8.4

CMA / ARV

• ARV (median comp): $83,316
• List price: $183,999
• Delta: 120.84%
• 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
4 Lower Oak St	0.53mi	2/1.0 (-1)	850 (0%)	1mo	$112,500	$132	69
2 Lower Oak St	0.53mi	2/1.5 (-1)	850 (0%)	1mo	$112,500	$132	67
117 N Dupont St	0.46mi	2/1.0 (-1)	875 (+3%)	5mo	$138,000	$158	65
1120 Beech St	0.46mi	2/1.0 (-1)	825 (-3%)	6mo	$112,500	$136	64
1409 W 4th St	0.25mi	3/1.0	975 (+15%)	5mo	$140,000	$144	59
1317 Chestnut St	0.24mi	2/1.5 (-1)	950 (+12%)	5mo	$85,000	$89	58
11 Cedar St	0.64mi	2/1.0 (-1)	875 (+3%)	4mo	$110,000	$126	57
1306 W 13th St #1	0.67mi	2/1.0 (-1)	871 (+2%)	5mo	$175,000	$201	56
908 Marshall St	0.65mi	2/1.0 (-1)	775 (-9%)	1mo	$95,000	$123	49
210 Lower Oak St	0.62mi	2/1.0 (-1)	960 (+13%)	4mo	$154,000	$160	41
609 N Scott St	0.56mi	2/1.0 (-1)	975 (+15%)	6mo	$205,000	$210	39
918 Wright St	0.71mi	2/1.0 (-1)	975 (+15%)	1mo	$125,000	$128	36

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: -6.1%
• Equity multiple: 0.76×
• Total profit: $-12,116
• Equity at exit: $27,435

10-year hold

• IRR: 7.2%
• Equity multiple: 1.62×
• Total profit: $32,179
• Equity at exit: $15,909

Cash invested: $51,520 (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: 167
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,834 high
• Mortgage (P&I): −$965
• Tax est. 1.5%: −$230 /mo · $2,760/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$385
• Net cashflow: $177

Break-even live

Break-even rent $1,610

Max offer price $183,999

Occupancy floor 85%

Sensitivity live

Price	-10% $304	-5% $241	+0% $177	+5% $114	+10% $50
Rent	-10% $32	-5% $105	+0% $177	+5% $250	+10% $322
Rate	-1.0pp $270	-0.5pp $224	base $177	+0.5pp $129	+1.0pp $81

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: $46,000
• Closing costs: $5,520
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1114 Lancaster Ave Wilmington, DE	2.0	1.0	775	$1,400	$1.81	24d	1	0.12mi
1110 Read St Wilmington, DE	2.0	1.0	1100	$1,250	$1.14	21d	1	0.15mi
1227 Linden St Wilmington, DE	3.0	2.0	950	$1,850	$1.95	4d	1	0.28mi
1000 W 8th St Unit 3 Wilmington, DE	2.0	1.0	1050	$1,695	$1.61	24d	1	0.30mi
820 W 7th St Wilmington, DE	3.0	1.0	1000	$1,650	$1.65	44d	1	0.31mi
802 N Broom St Apt 2 Wilmington, DE	2.0	21.0	800	$1,695	$2.12	22d	1	0.37mi
617 W 6th St Unit 617 B Wilmington, DE	3.0	1.0	1000	$1,600	$1.60	5d	1	0.38mi
507 W 4th St Wilmington, DE	3.0	1.5	1075	$1,800	$1.67	13d	1	0.40mi
1522 W 7th St Unit 1 Wilmington, DE	2.0	1.0	900	$1,800	$2.00	5d	1	0.40mi
709 Windsor St Unit 3 Wilmington, DE	2.0	1.0	980	$1,500	$1.53	44d	1	0.42mi
711 Windsor St Wilmington, DE	2.0	1.0	980	$1,460	$1.49	44d	1	0.43mi
1607 Howland St Wilmington, DE	3.0	1.0	1075	$1,900	$1.77	4d	1	0.53mi
331 Justison St Wilmington, DE	1.0–2.0	1.0–2.0	859	$2,205	$2.57	1d	9	0.54mi
225 W 4th St Unit 2 Wilmington, DE	2.0	1.0	1000	$1,599	$1.60	44d	1	0.55mi
613 W 10th St Wilmington, DE	2.0	1.0	1100	$1,745	$1.59	44d	1	0.57mi
128 Lower Oak St Wilmington, DE	2.0	1.0	871	$1,595	$1.83	4d	1	0.58mi
1815 Maple St Wilmington, DE	3.0	1.5	1100	$1,995	$1.81	19d	1	0.63mi
703 Orange St Wilmington, DE	1.0–2.0	1.0	800	$1,475	$1.84	44d	1	0.64mi
839 N Tatnall St Unit 303 Wilmington, DE	2.0	2.0	876	$1,475	$1.68	5d	1	0.64mi
15 W Girard St Unit 105 Wilmington, DE	2.0	1.0	740	$1,645	$2.22	5d	1	0.66mi
801 N Orange St Wilmington, DE	3.0	1.0–3.0	1118	$3,991	$3.57	3d	117	0.67mi
228 W 9th St Unit 201 Wilmington, DE	2.0	2.0	1031	$1,695	$1.64	45d	1	0.67mi
116 W 9th St Wilmington, DE	1.0–2.0	1.0–2.0	813	$2,250	$2.77	2d	16	0.71mi
1212 Delaware Ave Wilmington, DE	2.0	1.0–2.0	925	$2,695	$2.91	13d	4	0.72mi
1212 Delaware Ave Wilmington, DE	2.0	1.0–2.0	700	$2,495	$3.56	44d	4	0.72mi
105 Christina Landing Dr Wilmington, DE	2.0	2.0	1025	$2,400	$2.34	10d	1	0.75mi
105 Christina Landing Dr #1503 Wilmington, DE	2.0	2.0	1025	$2,500	$2.44	17d	1	0.75mi
231 5th Ave Wilmington, DE	2.0	1.0	1050	$1,350	$1.29	44d	1	0.76mi
1301 N Harrison St Wilmington, DE	1.0–2.0	1.0	1050	$1,850	$1.76	5d	1	0.76mi
115 Christina Landing Dr Wilmington, DE	1.0–2.0	1.0–2.0	1195	$2,796	$2.34	1d	13	0.77mi
1001 N Orange St Wilmington, DE	1.0–2.0	1.0–2.0	833	$2,135	$2.56	1d	62	0.77mi
913 N Market St Wilmington, DE	1.0–2.0	1.0–2.0	974	$1,985	$2.04	44d	5	0.78mi
1504 Delaware Ave Wilmington, DE	2.0	1.0	1100	$1,590	$1.45	17d	1	0.85mi
1504 Delaware Ave Wilmington, DE	2.0	1.0	1100	$1,749	$1.59	22d	1	0.85mi
1610 N Broom St Unit 2 Wilmington, DE	2.0	1.0	1000	$2,150	$2.15	44d	1	0.89mi
1507 Coleman St Wilmington, DE	2.0	1.0	650	$1,495	$2.30	24d	1	0.93mi
401 A St Wilmington, DE	2.0	1.0–2.0	716	$2,605	$3.64	1d	13	1.05mi
201 New Rd Wilmington, DE	2.0	1.0	800	$1,350	$1.69	3d	1	1.15mi
835 N Spruce St Wilmington, DE	3.0	1.0	775	$1,700	$2.19	1d	1	1.16mi
518 E 12th St Wilmington, DE	2.0	1.0	875	$1,425	$1.63	21d	1	1.17mi

Listing history 43 events

1. 2026-06-18
   days on market $183,999 Active 134 DOM
2. 2026-06-17
   days on market $183,999 Active 133 DOM
3. 2026-06-16
   days on market $183,999 Active 132 DOM
4. 2026-06-15
   days on market $183,999 Active 131 DOM
5. 2026-06-13
   days on market $183,999 Active 129 DOM
6. 2026-06-13
   days on market $183,999 Active 128 DOM
7. 2026-06-09
   days on market $183,999 Active 125 DOM
8. 2026-06-08
   days on market $183,999 Active 124 DOM
9. 2026-06-07
   days on market $183,999 Active 123 DOM
10. 2026-06-04
    days on market $183,999 Active 120 DOM
11. 2026-06-03
    days on market $183,999 Active 119 DOM
12. 2026-06-02
    days on market $183,999 Active 118 DOM
13. 2026-06-01
    days on market $183,999 Active 117 DOM
14. 2026-05-31
    days on market $183,999 Active 116 DOM
15. 2026-05-05
    price $183,999 2049-char remark

    Show marketing remark (2049 chars)

    Take a second look—this one is worth it! Priced to sell with the seller offering $5,000 toward buyer closing costs. 
Welcome home to this beautifully renovated 2-bedroom, 2-bath residence, where modern design and thoughtful craftsmanship come together to create a space that feels both stylish and comfortable. Completely rebuilt down to the studs, this move-in-ready home offers the perfect opportunity for a homeowner seeking simplicity and convenience or an investor looking for a turnkey property. As you step inside, you’ll immediately notice the bright, open layout filled with natural light and enhanced by ceramic tile flooring, recessed lighting, and fresh contemporary finishes throughout. The kitchen serves as the heart of the home, featuring granite countertops, stainless steel appliances, and ample cabinetry, making it an inviting space for cooking, gathering, and entertaining. Both bedrooms offer comfortable retreats with generous closet space, while the two beautifully updated bathrooms feature sleek fixtures and modern design touches that add a sense of everyday luxury. Beyond the beautiful finishes, this home also offers valuable peace of mind with major upgrades including a brand-new HVAC system, updated plumbing and electrical, and a new roof with rebuilt rafters—ensuring lasting comfort and reliability. Step outside to enjoy the fully fenced backyard, a perfect setting for relaxing, hosting friends and family, or creating your own private outdoor oasis. Ideally located just minutes from the Riverfront, local restaurants, shopping, entertainment, and convenient access to I-95, this home combines modern living with city convenience. With thoughtful updates, inviting spaces, and strong long-term value, this home is ready to welcome its next owner. This is a rare opportunity, exceptional value and homes like this don’t last. Buyer assistance may be available (subject to eligibility—ask your agent for details). Schedule your showing today—before someone else calls it home.

16. 2026-03-23
    price $188,999 2049-char remark

    Show marketing remark (2049 chars)

    Take a second look—this one is worth it! Priced to sell with the seller offering $5,000 toward buyer closing costs. 
Welcome home to this beautifully renovated 2-bedroom, 2-bath residence, where modern design and thoughtful craftsmanship come together to create a space that feels both stylish and comfortable. Completely rebuilt down to the studs, this move-in-ready home offers the perfect opportunity for a homeowner seeking simplicity and convenience or an investor looking for a turnkey property. As you step inside, you’ll immediately notice the bright, open layout filled with natural light and enhanced by ceramic tile flooring, recessed lighting, and fresh contemporary finishes throughout. The kitchen serves as the heart of the home, featuring granite countertops, stainless steel appliances, and ample cabinetry, making it an inviting space for cooking, gathering, and entertaining. Both bedrooms offer comfortable retreats with generous closet space, while the two beautifully updated bathrooms feature sleek fixtures and modern design touches that add a sense of everyday luxury. Beyond the beautiful finishes, this home also offers valuable peace of mind with major upgrades including a brand-new HVAC system, updated plumbing and electrical, and a new roof with rebuilt rafters—ensuring lasting comfort and reliability. Step outside to enjoy the fully fenced backyard, a perfect setting for relaxing, hosting friends and family, or creating your own private outdoor oasis. Ideally located just minutes from the Riverfront, local restaurants, shopping, entertainment, and convenient access to I-95, this home combines modern living with city convenience. With thoughtful updates, inviting spaces, and strong long-term value, this home is ready to welcome its next owner. This is a rare opportunity, exceptional value and homes like this don’t last. Buyer assistance may be available (subject to eligibility—ask your agent for details). Schedule your showing today—before someone else calls it home.

17. 2026-03-08
    price $198,999 2049-char remark

    Show marketing remark (2049 chars)

    Take a second look—this one is worth it! Priced to sell with the seller offering $5,000 toward buyer closing costs. 
Welcome home to this beautifully renovated 2-bedroom, 2-bath residence, where modern design and thoughtful craftsmanship come together to create a space that feels both stylish and comfortable. Completely rebuilt down to the studs, this move-in-ready home offers the perfect opportunity for a homeowner seeking simplicity and convenience or an investor looking for a turnkey property. As you step inside, you’ll immediately notice the bright, open layout filled with natural light and enhanced by ceramic tile flooring, recessed lighting, and fresh contemporary finishes throughout. The kitchen serves as the heart of the home, featuring granite countertops, stainless steel appliances, and ample cabinetry, making it an inviting space for cooking, gathering, and entertaining. Both bedrooms offer comfortable retreats with generous closet space, while the two beautifully updated bathrooms feature sleek fixtures and modern design touches that add a sense of everyday luxury. Beyond the beautiful finishes, this home also offers valuable peace of mind with major upgrades including a brand-new HVAC system, updated plumbing and electrical, and a new roof with rebuilt rafters—ensuring lasting comfort and reliability. Step outside to enjoy the fully fenced backyard, a perfect setting for relaxing, hosting friends and family, or creating your own private outdoor oasis. Ideally located just minutes from the Riverfront, local restaurants, shopping, entertainment, and convenient access to I-95, this home combines modern living with city convenience. With thoughtful updates, inviting spaces, and strong long-term value, this home is ready to welcome its next owner. This is a rare opportunity, exceptional value and homes like this don’t last. Buyer assistance may be available (subject to eligibility—ask your agent for details). Schedule your showing today—before someone else calls it home.

18. 2026-02-05
    listed $199,000 Active 2049-char remark

    Show marketing remark (2049 chars)

    Take a second look—this one is worth it! Priced to sell with the seller offering $5,000 toward buyer closing costs. 
Welcome home to this beautifully renovated 2-bedroom, 2-bath residence, where modern design and thoughtful craftsmanship come together to create a space that feels both stylish and comfortable. Completely rebuilt down to the studs, this move-in-ready home offers the perfect opportunity for a homeowner seeking simplicity and convenience or an investor looking for a turnkey property. As you step inside, you’ll immediately notice the bright, open layout filled with natural light and enhanced by ceramic tile flooring, recessed lighting, and fresh contemporary finishes throughout. The kitchen serves as the heart of the home, featuring granite countertops, stainless steel appliances, and ample cabinetry, making it an inviting space for cooking, gathering, and entertaining. Both bedrooms offer comfortable retreats with generous closet space, while the two beautifully updated bathrooms feature sleek fixtures and modern design touches that add a sense of everyday luxury. Beyond the beautiful finishes, this home also offers valuable peace of mind with major upgrades including a brand-new HVAC system, updated plumbing and electrical, and a new roof with rebuilt rafters—ensuring lasting comfort and reliability. Step outside to enjoy the fully fenced backyard, a perfect setting for relaxing, hosting friends and family, or creating your own private outdoor oasis. Ideally located just minutes from the Riverfront, local restaurants, shopping, entertainment, and convenient access to I-95, this home combines modern living with city convenience. With thoughtful updates, inviting spaces, and strong long-term value, this home is ready to welcome its next owner. This is a rare opportunity, exceptional value and homes like this don’t last. Buyer assistance may be available (subject to eligibility—ask your agent for details). Schedule your showing today—before someone else calls it home.

19. 2026-01-23
    historical $199,000 2049-char remark

    Show marketing remark (2049 chars)

    Take a second look—this one is worth it! Priced to sell with the seller offering $5,000 toward buyer closing costs. 
Welcome home to this beautifully renovated 2-bedroom, 2-bath residence, where modern design and thoughtful craftsmanship come together to create a space that feels both stylish and comfortable. Completely rebuilt down to the studs, this move-in-ready home offers the perfect opportunity for a homeowner seeking simplicity and convenience or an investor looking for a turnkey property. As you step inside, you’ll immediately notice the bright, open layout filled with natural light and enhanced by ceramic tile flooring, recessed lighting, and fresh contemporary finishes throughout. The kitchen serves as the heart of the home, featuring granite countertops, stainless steel appliances, and ample cabinetry, making it an inviting space for cooking, gathering, and entertaining. Both bedrooms offer comfortable retreats with generous closet space, while the two beautifully updated bathrooms feature sleek fixtures and modern design touches that add a sense of everyday luxury. Beyond the beautiful finishes, this home also offers valuable peace of mind with major upgrades including a brand-new HVAC system, updated plumbing and electrical, and a new roof with rebuilt rafters—ensuring lasting comfort and reliability. Step outside to enjoy the fully fenced backyard, a perfect setting for relaxing, hosting friends and family, or creating your own private outdoor oasis. Ideally located just minutes from the Riverfront, local restaurants, shopping, entertainment, and convenient access to I-95, this home combines modern living with city convenience. With thoughtful updates, inviting spaces, and strong long-term value, this home is ready to welcome its next owner. This is a rare opportunity, exceptional value and homes like this don’t last. Buyer assistance may be available (subject to eligibility—ask your agent for details). Schedule your showing today—before someone else calls it home.

20. 2023-12-05
    soldstatus $1,525,000
21. 2019-11-01
    historical
22. 2019-08-08
    listed $37,900 Active
23. 2009-12-29
    soldstatus $26,000
24. 2009-12-29
    soldstatus $26,000
25. 2009-12-01
    historical
26. 2009-10-20
    listed $27,500
27. 2009-10-20
    listed $27,500
28. 2008-07-21
    historical
29. 2008-01-31
    listed $88,000
30. 2006-02-21
    soldstatus $74,900
31. 2006-02-17
    soldstatus $72,000
32. 2005-12-24
    historical
33. 2005-12-19
    listed $72,000
34. 2005-08-30
    listed $59,900
35. 2004-04-01
    historical
36. 2004-04-01
    listed $46,999
37. 2003-09-22
    listed $46,999
38. 2003-09-22
    historical
39. 2002-07-18
    historical
40. 2002-07-18
    listed $49,900
41. 2000-11-30
    soldstatus $38,500
42. 1997-02-01
    historical
43. 1996-02-21
    listed $32,000

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

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 ≥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: $22,006
• − Mortgage interest: −$10,307
• − Property taxes: −$2,760
• − Insurance: −$920
• − Repairs & maintenance: −$1,760
• − Management: −$1,760
• − Depreciation: −$5,353
• Taxable loss: −$854
• Est. tax savings @ 24.0%: +$205
• After-tax cash flow: $2,331/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

+475.0% since first listed

29 events — show timeline

• 2026-05-05 Price Changed $183,999 BRIGHT MLS
• 2026-03-23 Price Changed $188,999 BRIGHT MLS
• 2026-03-08 Price Changed $198,999 BRIGHT MLS
• 2026-02-05 Listed $199,000 BRIGHT MLS
• 2026-01-23 Coming Soon $199,000 BRIGHT MLS
• 2023-12-05 Sold (Public Records) $1,525,000 Public Records
• 2019-11-01 Listing Removed — BRIGHT MLS
• 2019-08-08 Listed $37,900 BRIGHT MLS
• 2009-12-29 Sold (MLS) $26,000 TREND
• 2009-12-29 Sold (MLS) $26,000 BRIGHT MLS
• 2009-12-01 Listing Removed — BRIGHT MLS
• 2009-10-20 Listed $27,500 TREND
• 2009-10-20 Listed $27,500 BRIGHT MLS
• 2008-07-21 Listing Removed — BRIGHT MLS
• 2008-01-31 Listed $88,000 BRIGHT MLS
• 2006-02-21 Sold (Public Records) $74,900 Public Records
• 2006-02-17 Sold (MLS) $72,000 BRIGHT MLS
• 2005-12-24 Listing Removed — BRIGHT MLS
• 2005-12-19 Listed $72,000 BRIGHT MLS
• 2005-08-30 Listed $59,900 BRIGHT MLS
• 2004-04-01 Listed $46,999 BRIGHT MLS
• 2004-04-01 Listing Removed — BRIGHT MLS
• 2003-09-22 Listing Removed — BRIGHT MLS
• 2003-09-22 Listed $46,999 BRIGHT MLS
• 2002-07-18 Listed $49,900 BRIGHT MLS
• 2002-07-18 Listing Removed — BRIGHT MLS
• 2000-11-30 Sold (Public Records) $38,500 Public Records
• 1997-02-01 Listing Removed — BRIGHT MLS
• 1996-02-21 Listed $32,000 BRIGHT MLS

Property tax history

+3.7%/yr

Latest (2024): $356 · +15.1% YoY. Source: county tax records.