1703 N Pine St · Wilmington, DE 19802

$124,900

3 bd · 2.0 ba · 1,825 sqft · SingleFamily public records · 41 Days on market

Built 1897 871 sqft lot $68/sqft · 38% below area Est $201k · 38% under

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.9/5.0
• Livability +3.2/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 1703 N Pine St. This spacious twin home features an enclosed front porch that leads into a large living room and dining area highlighted by high ceilings. The open kitchen adds to the wide, airy feel of the first floor and a convenient first floor bathroom enhances everyday comfort. The full unfinished basement offers generous storage. The second floor includes a very large bathroom with laundry area and two comfortable bedrooms. The third floor provides two rooms currently arranged as a bedroom with a generous sitting room giving the home a flexible layout. A small backyard offers a simple outdoor space suited for relaxing. With abundant space and outstanding potential, this home is an excellent opportunity for an investor or a handy homeowner ready to bring their vision to life. Please see agent remarks for additional information.

Key facts

• Laundry area
• Large bathroom
• Flexible layout

Tags

• ENCLOSED FRONT PORCH
• OPEN KITCHEN
• FULL UNFINISHED BASEMENT
• LARGE BATHROOM
• LAUNDRY AREA
• FLEXIBLE LAYOUT

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $716 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $121k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.2% 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.
• Brandywine School District (suburban): math 28% / reading 40% proficiency, ranked #11 of 26 in DE (top 42%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+5.7%/yr); 119 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 42% of the median local income ($54k/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 $864 of loan paydown is wiped out by about $4k 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 + 5.7% rent growth), your $35k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 31y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1897 — 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 $121,153 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1897 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.50% ✓
• Cap rate: 13.18%
• Cash-on-cash: 24.59%
• DSCR: 2.09
• GRM: 5.5

CMA / ARV

• ARV (median comp): $201,420
• List price: $124,900
• Delta: -37.99%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2300 Jessup St	0.20mi	3/1.0	1,650 (-10%)	13mo	$158,894	$96	60
2703 N Tatnall St	0.49mi	4/1.0 (+1)	1,875 (+3%)	8mo	$190,000	$101	57
1329 N West St	0.60mi	3/2.5	1,625 (-11%)	7mo	$465,000	$286	46
508 Concord Ave	0.69mi	3/2.0	2,025 (+11%)	12mo	$265,000	$131	39

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 · 5.72% rent growth · sell at horizon

5-year hold

• IRR: 20.8%
• Equity multiple: 1.88×
• Total profit: $30,649
• Equity at exit: $18,623

10-year hold

• IRR: 30.6%
• Equity multiple: 4.10×
• Total profit: $108,256
• Equity at exit: $10,799

Cash invested: $34,972 (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 19802

• Rents YoY: 5.7%
• Active inventory: 119
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,880 high
• Mortgage (P&I): −$655
• Tax from tax record: −$61 /mo · $737/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $716

Break-even live

Break-even rent $973

Max offer price $124,900

Occupancy floor 57%

Sensitivity live

Price	-10% $787	-5% $752	+0% $716	+5% $681	+10% $646
Rent	-10% $568	-5% $642	+0% $716	+5% $791	+10% $865
Rate	-1.0pp $779	-0.5pp $748	base $716	+0.5pp $684	+1.0pp $651

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1124 Clifford Brown Walk Wilmington, DE	2.0	1.0	1240	$1,625	$1.31	44d	1	0.36mi
1217 N King St Wilmington, DE	3.0	1.5	1300	$2,145	$1.65	19d	1	0.41mi
125 W 23rd St Wilmington, DE	4.0	2.0	1672	$1,995	$1.19	44d	1	0.43mi
2518 N Tatnall St Wilmington, DE	4.0	1.5	1575	$1,995	$1.27	44d	1	0.43mi
2401 N West St Wilmington, DE	4.0	1.0	1650	$1,900	$1.15	16d	1	0.47mi
107 W 13th St Wilmington, DE	3.0	1.5	1325	$1,895	$1.43	44d	1	0.51mi
302 W 23rd St Unit 1 Wilmington, DE	2.0	1.0	1450	$1,295	$0.89	25d	1	0.54mi
306 W 23rd St Unit 1 Wilmington, DE	2.0	1.0	1475	$1,295	$0.88	25d	1	0.54mi
306 W 23rd St Unit 2 Wilmington, DE	2.0	1.0	1475	$1,295	$0.88	44d	1	0.54mi
314 Concord Ave Unit 2 Wilmington, DE	2.0	1.0	1300	$1,295	$1.00	25d	1	0.55mi
212 W 9th St Unit 204 Wilmington, DE	2.0	2.0	1671	$1,745	$1.04	6d	1	0.70mi
212 W 9th St Unit 204 Wilmington, DE	2.0	2.0	1671	$1,795	$1.07	44d	1	0.70mi
801 N Market St Unit 207 Wilmington, DE	2.0	2.0	1239	$1,895	$1.53	6d	1	0.71mi
2923 N Washington St Wilmington, DE	3.0	1.0	1225	$1,600	$1.31	2d	1	0.72mi
801 N Orange St Wilmington, DE	3.0	1.0–3.0	1118	$3,991	$3.57	3d	117	0.73mi
517 W 26th St Unit NA Wilmington, DE	3.0	1.5	1344	$1,900	$1.41	25d	1	0.74mi
3003 N Washington St Wilmington, DE	3.0	1.0	1250	$1,950	$1.56	44d	1	0.74mi
903 Shallcross Ave Wilmington, DE	2.0	1.5	1575	$2,195	$1.39	25d	1	0.83mi
547 Eastlawn Ave Wilmington, DE	3.0	1.0	1400	$1,995	$1.43	44d	1	0.86mi
1010 Trenton Pl Wilmington, DE	3.0	1.5	1475	$2,350	$1.59	17d	1	0.92mi
912 McCabe Ave Wilmington, DE	2.0	1.0	2100	$1,950	$0.93	0d	1	0.97mi
827 N Jackson St Unit 2 Wilmington, DE	2.0	1.0	2250	$1,545	$0.69	13d	1	1.07mi
507 Barrett St Wilmington, DE	3.0	1.0	1275	$1,700	$1.33	44d	1	1.11mi
1501 N Broom St Unit 2/3 Wilmington, DE	2.0	2.5	1250	$2,500	$2.00	5d	1	1.23mi
115 Christina Landing Dr Wilmington, DE	1.0–2.0	1.0–2.0	1195	$2,796	$2.34	2d	13	1.25mi
1319 W 10th St Wilmington, DE	2.0	3.0	2200	$2,500	$1.14	19d	1	1.26mi
2 Colony Blvd Wilmington, DE	1.0–2.0	1.0–2.0	1112	$2,500	$2.25	0d	6	1.29mi
521 N Franklin St Wilmington, DE	3.0	2.0	1500	$1,850	$1.23	4d	1	1.36mi
1029 Lancaster Ave Wilmington, DE	4.0	1.5	1375	$1,900	$1.38	25d	1	1.42mi

Listing history 12 events

1. 2026-05-14
   status Pending 855-char remark

   Show marketing remark (855 chars)

   Welcome to 1703 N Pine St. This spacious twin home features an enclosed front porch that leads into a large living room and dining area highlighted by high ceilings. The open kitchen adds to the wide, airy feel of the first floor and a convenient first floor bathroom enhances everyday comfort. The full unfinished basement offers generous storage. The second floor includes a very large bathroom with laundry area and two comfortable bedrooms. The third floor provides two rooms currently arranged as a bedroom with a generous sitting room giving the home a flexible layout. A small backyard offers a simple outdoor space suited for relaxing. With abundant space and outstanding potential, this home is an excellent opportunity for an investor or a handy homeowner ready to bring their vision to life. Please see agent remarks for additional information.

2. 2026-05-07
   historical 855-char remark

   Show marketing remark (855 chars)

   Welcome to 1703 N Pine St. This spacious twin home features an enclosed front porch that leads into a large living room and dining area highlighted by high ceilings. The open kitchen adds to the wide, airy feel of the first floor and a convenient first floor bathroom enhances everyday comfort. The full unfinished basement offers generous storage. The second floor includes a very large bathroom with laundry area and two comfortable bedrooms. The third floor provides two rooms currently arranged as a bedroom with a generous sitting room giving the home a flexible layout. A small backyard offers a simple outdoor space suited for relaxing. With abundant space and outstanding potential, this home is an excellent opportunity for an investor or a handy homeowner ready to bring their vision to life. Please see agent remarks for additional information.

3. 2026-03-27
   listed $124,900 Active 855-char remark

   Show marketing remark (855 chars)

   Welcome to 1703 N Pine St. This spacious twin home features an enclosed front porch that leads into a large living room and dining area highlighted by high ceilings. The open kitchen adds to the wide, airy feel of the first floor and a convenient first floor bathroom enhances everyday comfort. The full unfinished basement offers generous storage. The second floor includes a very large bathroom with laundry area and two comfortable bedrooms. The third floor provides two rooms currently arranged as a bedroom with a generous sitting room giving the home a flexible layout. A small backyard offers a simple outdoor space suited for relaxing. With abundant space and outstanding potential, this home is an excellent opportunity for an investor or a handy homeowner ready to bring their vision to life. Please see agent remarks for additional information.

4. 2006-11-20
   soldstatus $129,900 550-char remark

   Show marketing remark (550 chars)

   This charming home is loaded with detail and interest. Entering from an enclosed porch, a foyer leads to the Living Room. The adjoining Dining Room leads to the Kitchen, a full bath and rear foyer and back door. The second level has the Master Bedroom and Sitting Room and are open and airy. The Master Bathroom is updated and Roomy and as charming as the rest of the home. The third floor has two additional bedrooms. The rear yard is a great place to relax and enjoy the outdoors. Put this home on your tour, Must see. Great Price for a Great Home.

5. 2006-11-20
   soldstatus $239,900

   Show marketing remark (550 chars)

   This charming home is loaded with detail and interest. Entering from an enclosed porch, a foyer leads to the Living Room. The adjoining Dining Room leads to the Kitchen, a full bath and rear foyer and back door. The second level has the Master Bedroom and Sitting Room and are open and airy. The Master Bathroom is updated and Roomy and as charming as the rest of the home. The third floor has two additional bedrooms. The rear yard is a great place to relax and enjoy the outdoors. Put this home on your tour, Must see. Great Price for a Great Home.

6. 2006-10-18
   historical 550-char remark

   Show marketing remark (550 chars)

   This charming home is loaded with detail and interest. Entering from an enclosed porch, a foyer leads to the Living Room. The adjoining Dining Room leads to the Kitchen, a full bath and rear foyer and back door. The second level has the Master Bedroom and Sitting Room and are open and airy. The Master Bathroom is updated and Roomy and as charming as the rest of the home. The third floor has two additional bedrooms. The rear yard is a great place to relax and enjoy the outdoors. Put this home on your tour, Must see. Great Price for a Great Home.

7. 2006-09-20
   listed $129,900 550-char remark

   Show marketing remark (550 chars)

   This charming home is loaded with detail and interest. Entering from an enclosed porch, a foyer leads to the Living Room. The adjoining Dining Room leads to the Kitchen, a full bath and rear foyer and back door. The second level has the Master Bedroom and Sitting Room and are open and airy. The Master Bathroom is updated and Roomy and as charming as the rest of the home. The third floor has two additional bedrooms. The rear yard is a great place to relax and enjoy the outdoors. Put this home on your tour, Must see. Great Price for a Great Home.

8. 1996-12-31
   historical
9. 1996-10-15
   listed $49,900
10. 1995-05-08
    historical
11. 1995-05-08
    listed $55,000
12. 1991-09-17
    soldstatus $39,900

ⓘ 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: $737 · $61/mo
• Projected year-2 tax: $737 · $61/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 24% 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 · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,556
• − Mortgage interest: −$6,996
• − Property taxes: −$737
• − Insurance: −$624
• − Repairs & maintenance: −$1,804
• − Management: −$1,804
• − Depreciation: −$3,633
• Taxable income: $6,956
• Est. tax owed @ 24.0%: −$1,669
• After-tax cash flow: $6,929/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: Brandywine School District
• NCES district ID: 1001240
• Math proficiency: 28% ▼ -13.00%
• Reading proficiency: 40% ▼ -13.00%
• Median HH income: $68,743
• Composite: 31.27/100
• National rank: #6019
• State rank: #11 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): 26,051
• Household income: $53,812
• Rent vs Own: 51.5% rent · 48.5% own
• Severe rent burden: 1816.0

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: Predominantly Black (68%)
• Race & ethnicity: Black 68% White 20% Hispanic / Latino 7% Two or more races 5%
• Hispanic origin (detail): Puerto Rican 4%
• Common ancestry: Slovak 1% Romanian 1% Italian 1%
• Foreign-born: 11% · Canada, Jamaica, China
• Languages at home: 92% English-only · Spanish 4% Arabic 0%

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: ▼ -296.47%
• Current HPI: 225.6613
• Rent YoY: ▲ 5.72%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• State GDP YoY: —
• F500 in state: 0

Price history

+213.0% since first listed

12 events — show timeline

• 2026-05-14 Pending — BRIGHT MLS
• 2026-05-07 Listing Removed — BRIGHT MLS
• 2026-03-27 Listed $124,900 BRIGHT MLS
• 2006-11-20 Sold (Public Records) $239,900 Public Records
• 2006-11-20 Sold (MLS) $129,900 BRIGHT MLS
• 2006-10-18 Listing Removed — BRIGHT MLS
• 2006-09-20 Listed $129,900 BRIGHT MLS
• 1996-12-31 Listing Removed — BRIGHT MLS
• 1996-10-15 Listed $49,900 BRIGHT MLS
• 1995-05-08 Listed $55,000 BRIGHT MLS
• 1995-05-08 Listing Removed — BRIGHT MLS
• 1991-09-17 Sold (Public Records) $39,900 Public Records

Property tax history

+2.2%/yr

Latest (2024): $737 · +10.2% YoY. Source: county tax records.