1327 Maryland Ave · Wilmington, DE
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $476 – $884
Heat risk 8/10 · Major
- Hot days now (above 103°F)
- 7 days/yr
- Hot days in 30 yrs
- 16 days/yr
Wind risk 6/10 · Moderate
- Chance of severe wind over 30 yrs
- 27.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
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 +25.7/30.0
- DSCR +8.6/10.0
- ARV discount +6.3/15.0
- 1% rule +5.8/10.0
- Rent growth +4.1/5.0
- Livability +3.2/5.0
- Schools +2.5/10.0
- Condition / age +2.5/5.0
- Appreciation +0.0/10.0
$175,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
This property is eligible for a $10,000 PNC Grant with no income limits provided that the property is the buyer’s primary residence, and they don’t need to be first time homebuyers. In addition to the grant, they offer mortgage programs with down payments as low as 3% down. This beautifully renovated end-unit has updates throughout that provide a fresh and modern aesthetic, offering the best in contemporary living. As you approach the front porch, you'll immediately notice how far from the street your living space is. The staircase really separates the home from street below. As you walk in the door, you’re greeted with laminate hardwood floors, fresh paint, and recessed lighting. The open floor plan flows into through the dining area into the kitchen which is complete with granite countertops, stainless steel appliances, and new cabinets. The main level is filled with natural light pouring through the vinyl windows. All bedrooms are spacious with healthy closet space. The bathroom has been tastefully refurbished with retro tile, tile-surround tub/shower, and fresh paint. The expansive backyard offers ample room for outdoor living. Situated in a prime location, this home offers easy access to local restaurants, shopping, parks, and all of the Riverfront attractions. Schedule your tour today!
Key facts
- Open floor plan
- Renovated end-unit
- Front porch
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath townhouse listed at $175k.
Deal economics
- At list price, monthly cash flow is $419 ($5k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $175k).
- Recommended offer: $154k (12.0% below list) — sets the bar for market timing.
- Cap rate 9.2% 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+, schools D, commute D.
- Christina School District (suburban): math 22% / reading 33% proficiency, ranked #18 of 26 in DE (top 69%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
- Market conditions: Rents rising fast (+6.3%/yr); 168 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 38% 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 $5k 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 $49k cash investment doubles in ~8 years — after that, you're playing with house money.
Negotiation context
- It's been on market 182 days — a 12% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
- 2 sale attempts; this cycle's ask has dropped $34k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $122k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.
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.
Questions for the listing agent
- It's been on market 182 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 1.08% ✓
- Cap rate
- 9.17%
- Cash-on-cash
- 10.27%
- DSCR
- 1.46
- GRM
- 7.7
CMA / ARV
- ARV (median comp)
- $170,355
- List price
- $175,000
- Delta
- 2.73%
- Verdict
- FAIR
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 25 6th Ave | 0.08mi | 3/1.0 | 1,325 (+8%) | 1mo | $115,000 | $87 | 82 |
| 1016 Clayton Rd | 0.19mi | 3/1.0 | 1,150 (-6%) | 1mo | $219,000 | $190 | 80 |
| 519 S Jackson St | 0.40mi | 3/1.0 | 1,200 (-2%) | 1mo | $186,000 | $155 | 77 |
| 1204 Brown St | 0.15mi | 2/2.0 (-1) | 1,300 (+6%) | 0mo | $268,000 | $206 | 73 |
| 1715 Sycamore St | 0.46mi | 3/1.0 | 1,260 (+3%) | 1mo | $241,000 | $191 | 73 |
| 302 S Franklin St | 0.46mi | 3/1.0 | 1,150 (-6%) | 1mo | $117,000 | $102 | 68 |
| 400 Geddes St | 0.68mi | 3/1.5 | 1,225 (0%) | 0mo | $337,500 | $276 | 66 |
| 2042 Clark St | 0.67mi | 3/1.0 | 1,200 (-2%) | 0mo | $335,000 | $279 | 65 |
| 1210 Elm St | 0.47mi | 3/2.0 | 1,300 (+6%) | 1mo | $200,000 | $154 | 63 |
| 1213 W 3rd St | 0.74mi | 3/1.5 | 1,250 (+2%) | 1mo | $215,000 | $172 | 59 |
| 1301 Lancaster Ave | 0.60mi | 4/2.0 (+1) | 1,200 (-2%) | 1mo | $250,000 | $208 | 59 |
| 227 S Union St | 0.69mi | 3/1.0 | 1,075 (-12%) | 1mo | $180,000 | $167 | 47 |
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
- IRR
- 2.5%
- Equity multiple
- 1.10×
- Total profit
- $4,866
- Equity at exit
- $26,093
- IRR
- 14.9%
- Equity multiple
- 2.37×
- Total profit
- $67,298
- Equity at exit
- $15,131
Cash invested: $49,000 (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
ZIP-level market 19805
- Rents YoY
- 6.3%
- Active inventory
- 168
- Price-to-rent
- 7.7×
Monthly cashflow live
- Estimated rent
- $1,887 high interval (Pro) →
- Mortgage (P&I)
- −$918
- Tax from tax record
- −$81 /mo · $969/yr
- Insurance
- −$73
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$396
- Net cashflow
- $419
Break-even live
Sensitivity live
| Price | -10% $518 | -5% $469 | +0% $419 | +5% $370 | +10% $320 |
|---|---|---|---|---|---|
| Rent | -10% $270 | -5% $345 | +0% $419 | +5% $494 | +10% $568 |
| Rate | -1.0pp $507 | -0.5pp $464 | base $419 | +0.5pp $374 | +1.0pp $328 |
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
- $43,750
- Closing costs
- $5,250
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 7 6th Ave Wilmington, DE | 3.0 | 2.0 | 1325 | $1,800 | $1.36 | 45d | 1 | 0.04mi |
| 1508 Maryland Ave Wilmington, DE | 3.0 | 1.5 | 1450 | $1,850 | $1.28 | 0d | 1 | 0.11mi |
| 25 Stroud St Wilmington, DE | 3.0 | 1.0 | 1200 | $1,795 | $1.50 | 5d | 1 | 0.19mi |
| 231 5th Ave Wilmington, DE | 2.0 | 1.0 | 1050 | $1,350 | $1.29 | 45d | 1 | 0.21mi |
| 1016 Clayton Rd Wilmington, DE | 3.0 | 1.0 | 1150 | $1,850 | $1.61 | 6d | 1 | 0.21mi |
| 1601 E Latimer Pl Wilmington, DE | 4.0 | 1.0 | 1450 | $2,195 | $1.51 | 19d | 1 | 0.22mi |
| 128 Lower Oak St Wilmington, DE | 2.0 | 1.0 | 871 | $1,595 | $1.83 | 0d | 1 | 0.26mi |
| 1122 Coyne Pl Wilmington, DE | 3.0 | 1.0 | 1350 | $1,950 | $1.44 | 45d | 1 | 0.30mi |
| 414 S Franklin St Wilmington, DE | 3.0 | 2.0 | 1195 | $1,895 | $1.59 | 45d | 1 | 0.36mi |
| 1601 Bonwood Rd Wilmington, DE | 3.0 | 1.5 | 1500 | $1,850 | $1.23 | 25d | 1 | 0.40mi |
| 1227 Linden St Wilmington, DE | 3.0 | 2.0 | 950 | $1,850 | $1.95 | 5d | 1 | 0.42mi |
| 1600 Bonwood Rd Wilmington, DE | 2.0 | 1.0 | 970 | $1,570 | $1.62 | 0d | 1 | 0.49mi |
| 1600 Bonwood Rd Wilmington, DE | 2.0 | 2.0 | 970 | $1,614 | $1.66 | 16d | 1 | 0.49mi |
| 205 Porter St Wilmington, DE | 2.0 | 1.5 | 1200 | $1,700 | $1.42 | 16d | 1 | 0.51mi |
| 1802 Maple St Wilmington, DE | 3.0 | 1.5 | 1250 | $2,500 | $2.00 | 25d | 1 | 0.52mi |
| 545 Homestead Rd Wilmington, DE | 2.0 | 1.0 | 800 | $1,399 | $1.75 | 45d | 1 | 0.52mi |
| 1110 Read St Wilmington, DE | 2.0 | 1.0 | 1100 | $1,250 | $1.14 | 21d | 1 | 0.55mi |
| 1815 Maple St Wilmington, DE | 3.0 | 1.5 | 1100 | $1,995 | $1.81 | 0d | 1 | 0.55mi |
| 331 Justison St Wilmington, DE | 1.0–2.0 | 1.0–2.0 | 859 | $2,205 | $2.57 | 0d | 9 | 0.56mi |
| 1114 Lancaster Ave Wilmington, DE | 2.0 | 1.0 | 775 | $1,400 | $1.81 | 25d | 1 | 0.58mi |
| 1301 Lancaster Ave Wilmington, DE | 4.0 | 2.0 | 1200 | $1,800 | $1.50 | 12d | 1 | 0.58mi |
| 530 Harlan Blvd #519 Wilmington, DE | 2.0 | 2.0 | 1192 | $2,250 | $1.89 | 25d | 1 | 0.59mi |
| 1029 Lancaster Ave Wilmington, DE | 4.0 | 1.5 | 1375 | $1,900 | $1.38 | 25d | 1 | 0.60mi |
| 115 N Clayton St Unit 115 Wilmington, DE | 3.0 | 1.5 | 1200 | $1,725 | $1.44 | 12d | 1 | 0.64mi |
| 1936 Lakeview Rd Wilmington, DE | 3.0 | 1.0 | 1350 | $1,850 | $1.37 | 16d | 1 | 0.66mi |
| 232 N Franklin St Wilmington, DE | 3.0 | 2.0 | 1150 | $1,795 | $1.56 | 45d | 1 | 0.69mi |
| 307 N Rodney St Wilmington, DE | 3.0 | 1.5 | 1425 | $2,000 | $1.40 | 45d | 1 | 0.75mi |
| 201 New Rd Wilmington, DE | 2.0 | 1.0 | 800 | $1,350 | $1.69 | 4d | 1 | 0.80mi |
| 131 Scarborough Park Dr Wilmington, DE | 1.0–2.0 | 1.0–1.5 | 837 | $1,700 | $2.03 | 45d | 1 | 0.81mi |
| 521 N Franklin St Wilmington, DE | 3.0 | 2.0 | 1500 | $1,795 | $1.20 | 0d | 1 | 0.86mi |
| 105 Christina Landing Dr #1105 Wilmington, DE | 2.0 | 2.0 | 1150 | $2,500 | $2.17 | 45d | 1 | 0.88mi |
| 105 Christina Landing Dr #1503 Wilmington, DE | 2.0 | 2.0 | 1025 | $2,500 | $2.44 | 18d | 1 | 0.88mi |
| 105 Christina Landing Dr Wilmington, DE | 2.0 | 2.0 | 1025 | $2,400 | $2.34 | 11d | 1 | 0.88mi |
| 115 Christina Landing Dr Wilmington, DE | 1.0–2.0 | 1.0–2.0 | 1195 | $2,796 | $2.34 | 0d | 11 | 0.92mi |
| 507 W 4th St Wilmington, DE | 3.0 | 1.5 | 1075 | $1,800 | $1.67 | 14d | 1 | 0.93mi |
| 1522 W 7th St Unit 1 Wilmington, DE | 2.0 | 1.0 | 900 | $1,800 | $2.00 | 5d | 1 | 0.94mi |
| 820 W 7th St Wilmington, DE | 3.0 | 1.0 | 1000 | $1,650 | $1.65 | 45d | 1 | 0.98mi |
| 617 W 6th St Unit 617 B Wilmington, DE | 3.0 | 1.0 | 1000 | $1,600 | $1.60 | 6d | 1 | 0.99mi |
| 618 N Scott St Wilmington, DE | 3.0 | 1.5 | 1400 | $1,850 | $1.32 | 45d | 1 | 0.99mi |
| 1000 W 8th St Unit 3 Wilmington, DE | 2.0 | 1.0 | 1050 | $1,695 | $1.61 | 25d | 1 | 1.00mi |
Listing history 15 events
-
2026-06-10status $175,000 Pending 182 DOM
-
2026-06-09days on market $175,000 Active 182 DOM
-
2026-06-08days on market $175,000 Active 181 DOM
-
2026-06-07pricedays on market $175,000 Active 180 DOM
-
2026-06-02days on market $180,000 Active 178 DOM
-
2026-06-01days on market $180,000 Active 177 DOM
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2026-05-31days on market $180,000 Active 176 DOM
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2026-04-30price $185,000 1343-char remark
Show marketing remark (1343 chars)
This property is eligible for a $10,000 PNC Grant with no income limits provided that the property is the buyer’s primary residence, and they don’t need to be first time homebuyers. In addition to the grant, they offer mortgage programs with down payments as low as 3% down. This beautifully renovated end-unit has updates throughout that provide a fresh and modern aesthetic, offering the best in contemporary living. As you approach the front porch, you'll immediately notice how far from the street your living space is. The staircase really separates the home from street below. As you walk in the door, you’re greeted with laminate hardwood floors, fresh paint, and recessed lighting. The open floor plan flows into through the dining area into the kitchen which is complete with granite countertops, stainless steel appliances, and new cabinets. The main level is filled with natural light pouring through the vinyl windows. All bedrooms are spacious with healthy closet space. The bathroom has been tastefully refurbished with retro tile, tile-surround tub/shower, and fresh paint. The expansive backyard offers ample room for outdoor living. Situated in a prime location, this home offers easy access to local restaurants, shopping, parks, and all of the Riverfront attractions. Schedule your tour today!
-
2026-04-09price $189,900 1343-char remark
Show marketing remark (1343 chars)
This property is eligible for a $10,000 PNC Grant with no income limits provided that the property is the buyer’s primary residence, and they don’t need to be first time homebuyers. In addition to the grant, they offer mortgage programs with down payments as low as 3% down. This beautifully renovated end-unit has updates throughout that provide a fresh and modern aesthetic, offering the best in contemporary living. As you approach the front porch, you'll immediately notice how far from the street your living space is. The staircase really separates the home from street below. As you walk in the door, you’re greeted with laminate hardwood floors, fresh paint, and recessed lighting. The open floor plan flows into through the dining area into the kitchen which is complete with granite countertops, stainless steel appliances, and new cabinets. The main level is filled with natural light pouring through the vinyl windows. All bedrooms are spacious with healthy closet space. The bathroom has been tastefully refurbished with retro tile, tile-surround tub/shower, and fresh paint. The expansive backyard offers ample room for outdoor living. Situated in a prime location, this home offers easy access to local restaurants, shopping, parks, and all of the Riverfront attractions. Schedule your tour today!
-
2026-03-12status Active 1343-char remark
Show marketing remark (1343 chars)
This property is eligible for a $10,000 PNC Grant with no income limits provided that the property is the buyer’s primary residence, and they don’t need to be first time homebuyers. In addition to the grant, they offer mortgage programs with down payments as low as 3% down. This beautifully renovated end-unit has updates throughout that provide a fresh and modern aesthetic, offering the best in contemporary living. As you approach the front porch, you'll immediately notice how far from the street your living space is. The staircase really separates the home from street below. As you walk in the door, you’re greeted with laminate hardwood floors, fresh paint, and recessed lighting. The open floor plan flows into through the dining area into the kitchen which is complete with granite countertops, stainless steel appliances, and new cabinets. The main level is filled with natural light pouring through the vinyl windows. All bedrooms are spacious with healthy closet space. The bathroom has been tastefully refurbished with retro tile, tile-surround tub/shower, and fresh paint. The expansive backyard offers ample room for outdoor living. Situated in a prime location, this home offers easy access to local restaurants, shopping, parks, and all of the Riverfront attractions. Schedule your tour today!
-
2026-03-09historical Active Under Contract 1343-char remark
Show marketing remark (1343 chars)
This property is eligible for a $10,000 PNC Grant with no income limits provided that the property is the buyer’s primary residence, and they don’t need to be first time homebuyers. In addition to the grant, they offer mortgage programs with down payments as low as 3% down. This beautifully renovated end-unit has updates throughout that provide a fresh and modern aesthetic, offering the best in contemporary living. As you approach the front porch, you'll immediately notice how far from the street your living space is. The staircase really separates the home from street below. As you walk in the door, you’re greeted with laminate hardwood floors, fresh paint, and recessed lighting. The open floor plan flows into through the dining area into the kitchen which is complete with granite countertops, stainless steel appliances, and new cabinets. The main level is filled with natural light pouring through the vinyl windows. All bedrooms are spacious with healthy closet space. The bathroom has been tastefully refurbished with retro tile, tile-surround tub/shower, and fresh paint. The expansive backyard offers ample room for outdoor living. Situated in a prime location, this home offers easy access to local restaurants, shopping, parks, and all of the Riverfront attractions. Schedule your tour today!
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2026-02-12price $195,000 1343-char remark
Show marketing remark (1343 chars)
This property is eligible for a $10,000 PNC Grant with no income limits provided that the property is the buyer’s primary residence, and they don’t need to be first time homebuyers. In addition to the grant, they offer mortgage programs with down payments as low as 3% down. This beautifully renovated end-unit has updates throughout that provide a fresh and modern aesthetic, offering the best in contemporary living. As you approach the front porch, you'll immediately notice how far from the street your living space is. The staircase really separates the home from street below. As you walk in the door, you’re greeted with laminate hardwood floors, fresh paint, and recessed lighting. The open floor plan flows into through the dining area into the kitchen which is complete with granite countertops, stainless steel appliances, and new cabinets. The main level is filled with natural light pouring through the vinyl windows. All bedrooms are spacious with healthy closet space. The bathroom has been tastefully refurbished with retro tile, tile-surround tub/shower, and fresh paint. The expansive backyard offers ample room for outdoor living. Situated in a prime location, this home offers easy access to local restaurants, shopping, parks, and all of the Riverfront attractions. Schedule your tour today!
-
2025-12-31price $199,999 1343-char remark
Show marketing remark (1343 chars)
This property is eligible for a $10,000 PNC Grant with no income limits provided that the property is the buyer’s primary residence, and they don’t need to be first time homebuyers. In addition to the grant, they offer mortgage programs with down payments as low as 3% down. This beautifully renovated end-unit has updates throughout that provide a fresh and modern aesthetic, offering the best in contemporary living. As you approach the front porch, you'll immediately notice how far from the street your living space is. The staircase really separates the home from street below. As you walk in the door, you’re greeted with laminate hardwood floors, fresh paint, and recessed lighting. The open floor plan flows into through the dining area into the kitchen which is complete with granite countertops, stainless steel appliances, and new cabinets. The main level is filled with natural light pouring through the vinyl windows. All bedrooms are spacious with healthy closet space. The bathroom has been tastefully refurbished with retro tile, tile-surround tub/shower, and fresh paint. The expansive backyard offers ample room for outdoor living. Situated in a prime location, this home offers easy access to local restaurants, shopping, parks, and all of the Riverfront attractions. Schedule your tour today!
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2025-12-03$209,000 Active 1343-char remark
Show marketing remark (1343 chars)
This property is eligible for a $10,000 PNC Grant with no income limits provided that the property is the buyer’s primary residence, and they don’t need to be first time homebuyers. In addition to the grant, they offer mortgage programs with down payments as low as 3% down. This beautifully renovated end-unit has updates throughout that provide a fresh and modern aesthetic, offering the best in contemporary living. As you approach the front porch, you'll immediately notice how far from the street your living space is. The staircase really separates the home from street below. As you walk in the door, you’re greeted with laminate hardwood floors, fresh paint, and recessed lighting. The open floor plan flows into through the dining area into the kitchen which is complete with granite countertops, stainless steel appliances, and new cabinets. The main level is filled with natural light pouring through the vinyl windows. All bedrooms are spacious with healthy closet space. The bathroom has been tastefully refurbished with retro tile, tile-surround tub/shower, and fresh paint. The expansive backyard offers ample room for outdoor living. Situated in a prime location, this home offers easy access to local restaurants, shopping, parks, and all of the Riverfront attractions. Schedule your tour today!
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2025-09-24soldstatus $122,000
ⓘ 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
- $969 · $81/mo
- Projected year-2 tax
- $992 · $83/mo
- Expected delta
- +$23/yr (+$2/mo · 2.3%)
ⓘ 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 ≥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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $22,644
- − Mortgage interest
- −$9,803
- − Property taxes
- −$969
- − Insurance
- −$875
- − Repairs & maintenance
- −$1,812
- − Management
- −$1,812
- − Depreciation
- −$5,091
- Taxable income
- $2,283
- Est. tax owed @ 24.0%
- −$548
- After-tax cash flow
- $4,484/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
- Christina School District
- NCES district ID
- 1000200
- Math proficiency
- 22% ▼ -12.00%
- Reading proficiency
- 33% ▼ -5.00%
- Median HH income
- $58,838
- Composite
- 24.93/100
- National rank
- #7567
- State rank
- #18 of 26 in DE
Livability — Wilmington
- Score
- 64/100
- State rank
- #52
- US rank
- #14251
Category grades
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
- 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
+51.6% since first listed8 events — show timeline
- 2026-04-30 Price Changed $185,000 BRIGHT MLS
- 2026-04-09 Price Changed $189,900 BRIGHT MLS
- 2026-03-12 Relisted — BRIGHT MLS
- 2026-03-09 Contingent — BRIGHT MLS
- 2026-02-12 Price Changed $195,000 BRIGHT MLS
- 2025-12-31 Price Changed $199,999 BRIGHT MLS
- 2025-12-03 Listed $209,000 BRIGHT MLS
- 2025-09-24 Sold (Public Records) $122,000 Public Records
Property tax history
+3.9%/yrLatest (2024): $969 · +2.6% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…