29 W Lake St · Middletown, DE 19709

$330,000

3 bd · 1.5 ba · 1,450 sqft · Townhouse public records · 7 Days on market

Built 2009 3,920 sqft lot Est $310k · 6% over

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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 +13.4/30.0
• ARV discount +4.6/15.0
• Schools +4.2/10.0
• DSCR +4.0/10.0
• Livability +3.6/5.0
• 1% rule +2.8/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Visit this home virtually: http://www. vht.com/434101743/IDXS - Seller is in receipt of multiple offers. All offers shall be submitted no later than Thursday September 10th at 6.p. m Visit this home virtually: http://www. vht.com/434101743/IDXS - Absolutely adorable 3 bedroom 1 1/2 bathroom semi detached home in the heart of Middletown. Located in the Appoquinimink School District and in walking distance to shops, restaurants, movie theater, YMCA and future Appoquinimink Library this home is ready to just move right in! This home offers off street parking, covered front porch, spacious living room with laminate flooring, ceiling fan, gas fireplace with hearth and decorative mantel; Gorgeous kitchen with granite counter tops, tile back splash, center island, stainless steel appliances including a dishwasher, 5 burner gas cook top, a convection microwave, a full size convection oven and a large refrigerator. The 2nd floor offers an owners bedroom with ample closet space, ceiling fan and carpet and is adjacent to the modern full bathroom. There are 2 others generously sized bedrooms both with ceiling fans. The backyard offers great space with privacy fencing and garden patio area perfect for entertaining and/or letting your dog run! Full basement great for storage. This property also includes an adjacent lot that is . 06 acres referenced as parcel 2300500077.

Key facts

• Parking
• Built 2009
• Listed 7 days

Property features AI

Exterior

• Parking: Concrete driveway with space for 1 vehicle (driveway parking); Total of 1 garage/parking space
• Utilities: Public water; Public sewer; Circuit breaker electric service; Municipal trash service
• Home design: Semi-detached home; Pitched shingle roof; Entry level includes main and upper levels; Fee simple ownership; Property in good condition
• Construction: Vinyl and aluminum siding; Concrete perimeter foundation; Energy-efficient windows
• Exterior features: Fully fenced yard; Porch(es); Shed; Side yard and additional parcel

Interior

• Kitchen: Stainless steel appliances; Kitchen island; Eat-in kitchen and table space; Pantry
• Bedrooms: Three bedrooms on the upper level
• Flooring: Carpet; Tile/brick; Vinyl
• Bathrooms: One full bathroom on the upper level; One half bathroom on the main level
• Heating & cooling: Heat pump(s); Central air conditioning; Electric heating and cooling; Electric hot water
• Interior features: Ceiling fans; Combination kitchen/dining area; Eat-in kitchen with island and table space; Pantry; Window treatments; 9'+ ceilings; Gas/propane fireplace (1)
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $330k.

Deal economics

• At list price, monthly cash flow is $4 ($51/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 $258k (21.7% below list).
• Recommended offer: $258k (21.7% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 3.0% in Middletown — 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 71/100 on livability (#17 in DE) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A-; Watch: cost of living C-, commute F.
• Appoquinimink School District (rural): math 37% / reading 52% proficiency, ranked #6 of 26 in DE (top 23%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 18% free/reduced lunch — higher-income household profile.
• Zoned schools: Silver Lake Elementary School (math 30% / reading 38%, grade F, #40 of 105 statewide, top 38%, 602 students, 0% FRL); Redding (Louis L.) Middle School (math 23% / reading 50%, grade F, #9 of 36 statewide, top 23%, 618 students, 0% FRL); Appoquinimink High School (math 40% / reading 67%, grade C-, #4 of 40 statewide, top 8%, 1,484 students, 0% FRL) — zoned schools average 0% FRL vs 18% district-wide (18 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+1.1%/yr); 454 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 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 $2k of loan paydown is wiped out by about $10k 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

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 12 sale attempts since 19y 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.
• Current owner paid $176k; list at $330k implies a 88% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $258,451 (21.7% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
3. 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?
4. 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.
5. 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.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.78% ✗
• Cap rate: 6.31%
• Cash-on-cash: 0.06%
• DSCR: 1.00
• GRM: 10.6

CMA / ARV

• ARV (on-the-fly): $310,300
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
610 Louis Ln	0.53mi	3/1.5	1,550 (+7%)	2mo	$300,000	$194	63
84 Franklin Dr	0.27mi	3/1.5	1,650 (+14%)	6mo	$250,000	$152	60
162 Liborio Dr	0.67mi	3/1.5	1,325 (-9%)	1mo	$298,900	$226	54
138 Rosie Dr	0.70mi	3/2.5	1,400 (-3%)	7mo	$300,000	$214	52
31 Franklin Dr	0.33mi	3/1.5	1,625 (+12%)	16mo	$325,200	$200	51
6 Franklin Dr	0.41mi	3/1.5	1,625 (+12%)	14mo	$340,000	$209	49
706 Marian Dr	0.53mi	2/2.5 (-1)	1,556 (+7%)	9mo	$275,000	$177	47
114 Foxtail Ln	0.65mi	3/2.5	1,350 (-7%)	9mo	$355,000	$263	46
127 Rosie Dr	0.66mi	3/2.5	1,275 (-12%)	1mo	$312,000	$245	44
151 Redden Ln	0.65mi	2/2.0 (-1)	1,275 (-12%)	1mo	$344,900	$271	42
756 Marian Dr	0.57mi	3/2.5	1,250 (-14%)	7mo	$273,000	$218	41
619 Lisa Ln	0.74mi	3/1.5	1,625 (+12%)	14mo	$312,000	$192	34

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 · 1.07% rent growth · sell at horizon

5-year hold

• IRR: -18.2%
• Equity multiple: 0.37×
• Total profit: $-58,237
• Equity at exit: $49,204

10-year hold

• IRR: -14.4%
• Equity multiple: 0.24×
• Total profit: $-70,249
• Equity at exit: $28,532

Cash invested: $92,400 (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 19709

• Home prices YoY: -21.4%
• Rents YoY: 1.1%
• Active inventory: 454
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $2,585 high
• Mortgage (P&I): −$1,731
• Tax from tax record: −$169 /mo · $2,033/yr
• Insurance: −$138
• HOA: −$0
• Vacancy / Maint / Mgmt: −$543
• Net cashflow: $4

Break-even live

Break-even rent $2,579

Max offer price $330,000

Occupancy floor 95%

Sensitivity live

Price	-10% $191	-5% $98	+0% $4	+5% $-89	+10% $-183
Rent	-10% $-200	-5% $-98	+0% $4	+5% $106	+10% $208
Rate	-1.0pp $170	-0.5pp $88	base $4	+0.5pp $-81	+1.0pp $-168

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: $82,500
• Closing costs: $9,900
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
407 Champs Ln Middletown, DE	2.0	2.5	1250	$2,000	$1.60	45d	1	0.61mi
274 Vincent Cir Middletown, DE	3.0	1.5	1670	$2,000	$1.20	6d	1	0.65mi
132 Rosie Dr Middletown, DE	2.0	2.5	1450	$1,990	$1.37	22d	1	0.68mi
138 Rosie Dr Middletown, DE	3.0	2.5	1510	$2,150	$1.42	21d	1	0.69mi
404 Naughty Ln Unit 404 Middletown, DE	3.0	3.0	1200	$2,600	$2.17	26d	1	0.74mi
511 Sally Ln Unit 511 Middletown, DE	3.0	1.5	1835	$2,450	$1.34	45d	1	0.74mi
1600 Lake Seymour Dr Middletown, DE	1.0–3.0	1.0–2.0	1267	$2,495	$1.97	0d	1	0.85mi
500 Westown Way Middletown, DE	1.0–3.0	1.0–2.0	1267	$2,595	$2.05	0d	1	1.35mi

Listing history 37 events

1. 2026-06-03
   statusdays on market $330,000 Pending 7 DOM
2. 2026-06-02
   days on market $330,000 Active 6 DOM
3. 2026-06-01
   days on market $330,000 Active 5 DOM
4. 2026-05-31
   days on market $330,000 Active 4 DOM
5. 2026-05-22
   historical $330,000
6. 2020-10-28
   soldstatus $176,000
7. 2020-10-21
   soldstatus $220,000 Closed 1383-char remark

   Show marketing remark (1383 chars)

   Visit this home virtually: http://www. vht.com/434101743/IDXS - Seller is in receipt of multiple offers. All offers shall be submitted no later than Thursday September 10th at 6.p. m Visit this home virtually: http://www. vht.com/434101743/IDXS - Absolutely adorable 3 bedroom 1 1/2 bathroom semi detached home in the heart of Middletown. Located in the Appoquinimink School District and in walking distance to shops, restaurants, movie theater, YMCA and future Appoquinimink Library this home is ready to just move right in! This home offers off street parking, covered front porch, spacious living room with laminate flooring, ceiling fan, gas fireplace with hearth and decorative mantel; Gorgeous kitchen with granite counter tops, tile back splash, center island, stainless steel appliances including a dishwasher, 5 burner gas cook top, a convection microwave, a full size convection oven and a large refrigerator. The 2nd floor offers an owners bedroom with ample closet space, ceiling fan and carpet and is adjacent to the modern full bathroom. There are 2 others generously sized bedrooms both with ceiling fans. The backyard offers great space with privacy fencing and garden patio area perfect for entertaining and/or letting your dog run! Full basement great for storage. This property also includes an adjacent lot that is . 06 acres referenced as parcel 2300500077.

8. 2020-09-12
   status Pending 1383-char remark

   Show marketing remark (1383 chars)

   Visit this home virtually: http://www. vht.com/434101743/IDXS - Seller is in receipt of multiple offers. All offers shall be submitted no later than Thursday September 10th at 6.p. m Visit this home virtually: http://www. vht.com/434101743/IDXS - Absolutely adorable 3 bedroom 1 1/2 bathroom semi detached home in the heart of Middletown. Located in the Appoquinimink School District and in walking distance to shops, restaurants, movie theater, YMCA and future Appoquinimink Library this home is ready to just move right in! This home offers off street parking, covered front porch, spacious living room with laminate flooring, ceiling fan, gas fireplace with hearth and decorative mantel; Gorgeous kitchen with granite counter tops, tile back splash, center island, stainless steel appliances including a dishwasher, 5 burner gas cook top, a convection microwave, a full size convection oven and a large refrigerator. The 2nd floor offers an owners bedroom with ample closet space, ceiling fan and carpet and is adjacent to the modern full bathroom. There are 2 others generously sized bedrooms both with ceiling fans. The backyard offers great space with privacy fencing and garden patio area perfect for entertaining and/or letting your dog run! Full basement great for storage. This property also includes an adjacent lot that is . 06 acres referenced as parcel 2300500077.

9. 2020-09-12
   price $220,000 1383-char remark

   Show marketing remark (1383 chars)

   Visit this home virtually: http://www. vht.com/434101743/IDXS - Seller is in receipt of multiple offers. All offers shall be submitted no later than Thursday September 10th at 6.p. m Visit this home virtually: http://www. vht.com/434101743/IDXS - Absolutely adorable 3 bedroom 1 1/2 bathroom semi detached home in the heart of Middletown. Located in the Appoquinimink School District and in walking distance to shops, restaurants, movie theater, YMCA and future Appoquinimink Library this home is ready to just move right in! This home offers off street parking, covered front porch, spacious living room with laminate flooring, ceiling fan, gas fireplace with hearth and decorative mantel; Gorgeous kitchen with granite counter tops, tile back splash, center island, stainless steel appliances including a dishwasher, 5 burner gas cook top, a convection microwave, a full size convection oven and a large refrigerator. The 2nd floor offers an owners bedroom with ample closet space, ceiling fan and carpet and is adjacent to the modern full bathroom. There are 2 others generously sized bedrooms both with ceiling fans. The backyard offers great space with privacy fencing and garden patio area perfect for entertaining and/or letting your dog run! Full basement great for storage. This property also includes an adjacent lot that is . 06 acres referenced as parcel 2300500077.

10. 2020-09-08
    listed $209,900 Active 1383-char remark

    Show marketing remark (1383 chars)

    Visit this home virtually: http://www. vht.com/434101743/IDXS - Seller is in receipt of multiple offers. All offers shall be submitted no later than Thursday September 10th at 6.p. m Visit this home virtually: http://www. vht.com/434101743/IDXS - Absolutely adorable 3 bedroom 1 1/2 bathroom semi detached home in the heart of Middletown. Located in the Appoquinimink School District and in walking distance to shops, restaurants, movie theater, YMCA and future Appoquinimink Library this home is ready to just move right in! This home offers off street parking, covered front porch, spacious living room with laminate flooring, ceiling fan, gas fireplace with hearth and decorative mantel; Gorgeous kitchen with granite counter tops, tile back splash, center island, stainless steel appliances including a dishwasher, 5 burner gas cook top, a convection microwave, a full size convection oven and a large refrigerator. The 2nd floor offers an owners bedroom with ample closet space, ceiling fan and carpet and is adjacent to the modern full bathroom. There are 2 others generously sized bedrooms both with ceiling fans. The backyard offers great space with privacy fencing and garden patio area perfect for entertaining and/or letting your dog run! Full basement great for storage. This property also includes an adjacent lot that is . 06 acres referenced as parcel 2300500077.

11. 2016-03-22
    soldstatus $177,200
12. 2016-03-18
    soldstatus $177,200 Sold 1327-char remark

    Show marketing remark (1327 chars)

    If you're seeking a home that falls within the Appoquinimink School District and is move-in ready, check this one out! This 3 bedroom twin home is ready for an owner that is not looking to do ANY work other then unpacking boxes. Brand new carpet, new paint, new laminate floors, granite countertops, and updated hardware/lighting makes this young home feel brand new! Must see feature is the chefs kitchen which includes a FULL sized commercial convection oven, a FIVE burner gas cooktop, a convection microwave, and a refrigerator that is big enough to fit a full sized sheet cake...A bakers dream! Looking to the backyard through the kitchen slider you can watch guests enjoying the fire-pit and spacious yard big enough for a game of horseshoes. There's also a small pond and garden for those zen moments you may be seeking. Down the hall from the kitchen is the great room, which features a large gas fireplace and mounted above, a 50" flat screen television INCLUDED. Upstairs there are 3 bedrooms and one full bath big enough to share. This home also has a full in-ground basement with lots of possibilities. All appliances and TV are included. One last thing, did we mention this is TWO properties for the price of one? This sale will include the adjacent lot, parcel number 23-005.00-077, that is .06 acres.

13. 2016-03-18
    soldstatus $177,200

    Show marketing remark (1327 chars)

    If you're seeking a home that falls within the Appoquinimink School District and is move-in ready, check this one out! This 3 bedroom twin home is ready for an owner that is not looking to do ANY work other then unpacking boxes. Brand new carpet, new paint, new laminate floors, granite countertops, and updated hardware/lighting makes this young home feel brand new! Must see feature is the chefs kitchen which includes a FULL sized commercial convection oven, a FIVE burner gas cooktop, a convection microwave, and a refrigerator that is big enough to fit a full sized sheet cake...A bakers dream! Looking to the backyard through the kitchen slider you can watch guests enjoying the fire-pit and spacious yard big enough for a game of horseshoes. There's also a small pond and garden for those zen moments you may be seeking. Down the hall from the kitchen is the great room, which features a large gas fireplace and mounted above, a 50" flat screen television INCLUDED. Upstairs there are 3 bedrooms and one full bath big enough to share. This home also has a full in-ground basement with lots of possibilities. All appliances and TV are included. One last thing, did we mention this is TWO properties for the price of one? This sale will include the adjacent lot, parcel number 23-005.00-077, that is .06 acres.

14. 2015-12-12
    status Under Contract 1327-char remark

    Show marketing remark (1327 chars)

    If you're seeking a home that falls within the Appoquinimink School District and is move-in ready, check this one out! This 3 bedroom twin home is ready for an owner that is not looking to do ANY work other then unpacking boxes. Brand new carpet, new paint, new laminate floors, granite countertops, and updated hardware/lighting makes this young home feel brand new! Must see feature is the chefs kitchen which includes a FULL sized commercial convection oven, a FIVE burner gas cooktop, a convection microwave, and a refrigerator that is big enough to fit a full sized sheet cake...A bakers dream! Looking to the backyard through the kitchen slider you can watch guests enjoying the fire-pit and spacious yard big enough for a game of horseshoes. There's also a small pond and garden for those zen moments you may be seeking. Down the hall from the kitchen is the great room, which features a large gas fireplace and mounted above, a 50" flat screen television INCLUDED. Upstairs there are 3 bedrooms and one full bath big enough to share. This home also has a full in-ground basement with lots of possibilities. All appliances and TV are included. One last thing, did we mention this is TWO properties for the price of one? This sale will include the adjacent lot, parcel number 23-005.00-077, that is .06 acres.

15. 2015-12-11
    historical
16. 2015-10-24
    price $179,900 1327-char remark

    Show marketing remark (1327 chars)

    If you're seeking a home that falls within the Appoquinimink School District and is move-in ready, check this one out! This 3 bedroom twin home is ready for an owner that is not looking to do ANY work other then unpacking boxes. Brand new carpet, new paint, new laminate floors, granite countertops, and updated hardware/lighting makes this young home feel brand new! Must see feature is the chefs kitchen which includes a FULL sized commercial convection oven, a FIVE burner gas cooktop, a convection microwave, and a refrigerator that is big enough to fit a full sized sheet cake...A bakers dream! Looking to the backyard through the kitchen slider you can watch guests enjoying the fire-pit and spacious yard big enough for a game of horseshoes. There's also a small pond and garden for those zen moments you may be seeking. Down the hall from the kitchen is the great room, which features a large gas fireplace and mounted above, a 50" flat screen television INCLUDED. Upstairs there are 3 bedrooms and one full bath big enough to share. This home also has a full in-ground basement with lots of possibilities. All appliances and TV are included. One last thing, did we mention this is TWO properties for the price of one? This sale will include the adjacent lot, parcel number 23-005.00-077, that is .06 acres.

17. 2015-10-01
    price $185,000 1327-char remark

    Show marketing remark (1327 chars)

    If you're seeking a home that falls within the Appoquinimink School District and is move-in ready, check this one out! This 3 bedroom twin home is ready for an owner that is not looking to do ANY work other then unpacking boxes. Brand new carpet, new paint, new laminate floors, granite countertops, and updated hardware/lighting makes this young home feel brand new! Must see feature is the chefs kitchen which includes a FULL sized commercial convection oven, a FIVE burner gas cooktop, a convection microwave, and a refrigerator that is big enough to fit a full sized sheet cake...A bakers dream! Looking to the backyard through the kitchen slider you can watch guests enjoying the fire-pit and spacious yard big enough for a game of horseshoes. There's also a small pond and garden for those zen moments you may be seeking. Down the hall from the kitchen is the great room, which features a large gas fireplace and mounted above, a 50" flat screen television INCLUDED. Upstairs there are 3 bedrooms and one full bath big enough to share. This home also has a full in-ground basement with lots of possibilities. All appliances and TV are included. One last thing, did we mention this is TWO properties for the price of one? This sale will include the adjacent lot, parcel number 23-005.00-077, that is .06 acres.

18. 2015-09-12
    price $189,900 1327-char remark

    Show marketing remark (1327 chars)

    If you're seeking a home that falls within the Appoquinimink School District and is move-in ready, check this one out! This 3 bedroom twin home is ready for an owner that is not looking to do ANY work other then unpacking boxes. Brand new carpet, new paint, new laminate floors, granite countertops, and updated hardware/lighting makes this young home feel brand new! Must see feature is the chefs kitchen which includes a FULL sized commercial convection oven, a FIVE burner gas cooktop, a convection microwave, and a refrigerator that is big enough to fit a full sized sheet cake...A bakers dream! Looking to the backyard through the kitchen slider you can watch guests enjoying the fire-pit and spacious yard big enough for a game of horseshoes. There's also a small pond and garden for those zen moments you may be seeking. Down the hall from the kitchen is the great room, which features a large gas fireplace and mounted above, a 50" flat screen television INCLUDED. Upstairs there are 3 bedrooms and one full bath big enough to share. This home also has a full in-ground basement with lots of possibilities. All appliances and TV are included. One last thing, did we mention this is TWO properties for the price of one? This sale will include the adjacent lot, parcel number 23-005.00-077, that is .06 acres.

19. 2015-08-24
    listed $199,000 Active 1327-char remark

    Show marketing remark (1327 chars)

    If you're seeking a home that falls within the Appoquinimink School District and is move-in ready, check this one out! This 3 bedroom twin home is ready for an owner that is not looking to do ANY work other then unpacking boxes. Brand new carpet, new paint, new laminate floors, granite countertops, and updated hardware/lighting makes this young home feel brand new! Must see feature is the chefs kitchen which includes a FULL sized commercial convection oven, a FIVE burner gas cooktop, a convection microwave, and a refrigerator that is big enough to fit a full sized sheet cake...A bakers dream! Looking to the backyard through the kitchen slider you can watch guests enjoying the fire-pit and spacious yard big enough for a game of horseshoes. There's also a small pond and garden for those zen moments you may be seeking. Down the hall from the kitchen is the great room, which features a large gas fireplace and mounted above, a 50" flat screen television INCLUDED. Upstairs there are 3 bedrooms and one full bath big enough to share. This home also has a full in-ground basement with lots of possibilities. All appliances and TV are included. One last thing, did we mention this is TWO properties for the price of one? This sale will include the adjacent lot, parcel number 23-005.00-077, that is .06 acres.

20. 2015-08-23
    listed $179,900
21. 2012-10-01
    soldstatus $164,900
22. 2012-10-01
    soldstatus $164,900
23. 2012-08-22
    historical
24. 2012-07-17
    listed $164,900
25. 2012-07-17
    listed $164,900
26. 2012-04-27
    historical
27. 2012-01-24
    listed $169,000
28. 2009-06-22
    historical
29. 2008-11-08
    listed $200,000
30. 2008-11-07
    historical
31. 2008-08-30
    listed $217,985
32. 2008-05-20
    historical
33. 2008-05-20
    historical
34. 2008-05-07
    listed $149,941
35. 2008-02-17
    listed $199,900
36. 2007-05-31
    soldstatus $75,000
37. 2007-04-09
    listed $75,000

ⓘ 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: $2,033 · $169/mo
• Projected year-2 tax: $2,033 · $169/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,014
• − Mortgage interest: −$18,485
• − Property taxes: −$2,033
• − Insurance: −$1,650
• − Repairs & maintenance: −$2,481
• − Management: −$2,481
• − Depreciation: −$9,600
• Taxable loss: −$5,717
• Est. tax savings @ 24.0%: +$1,372
• After-tax cash flow: $1,423/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: Appoquinimink School District
• NCES district ID: 1000080
• Math proficiency: 37% ▼ -13.00%
• Reading proficiency: 52% ▼ -13.00%
• Median HH income: $93,397
• Composite: 42.32/100
• National rank: #3256
• State rank: #6 of 26 in DE

Livability — Middletown

• Score: 71/100
• State rank: #17
• US rank: #6446

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Middletown, DE
• County: New Castle County · 483,412 people
• City population: 53,234
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 53,234
• Household income: $132,956
• Rent vs Own: 13.8% rent · 86.2% own
• Severe rent burden: 268.0

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 0.59)
• Race & ethnicity: White 59% Black 23% Asian 7% Two or more races 6% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3%
• Common ancestry: Romanian 5% Slovak 1% Iranian 1%
• Foreign-born: 11% · Canada, China
• Languages at home: 87% English-only · Other Indo-European 4% Spanish 3% French/Haitian/Cajun 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: ▼ -86.40%
• Current HPI: 317.1386
• Rent YoY: ▲ 1.07%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• State GDP YoY: —
• F500 in state: 0

Price history

+340.0% since first listed

35 events — show timeline

• 2026-06-03 Pending — BRIGHT MLS
• 2026-05-28 Listed $330,000 BRIGHT MLS
• 2026-05-22 Coming Soon $330,000 BRIGHT MLS
• 2020-10-28 Sold (Public Records) $176,000 Public Records
• 2020-10-21 Sold (MLS) $220,000 BRIGHT MLS
• 2020-09-12 Pending — BRIGHT MLS
• 2020-09-12 Price Changed $220,000 BRIGHT MLS
• 2020-09-08 Listed $209,900 BRIGHT MLS
• 2016-03-22 Sold (Public Records) $177,200 Public Records
• 2016-03-18 Sold (MLS) $177,200 BRIGHT MLS
• 2016-03-18 Sold (MLS) $177,200 TREND
• 2015-12-12 Pending — TREND
• 2015-12-11 Listing Removed — BRIGHT MLS
• 2015-10-24 Price Changed $179,900 TREND
• 2015-10-01 Price Changed $185,000 TREND
• 2015-09-12 Price Changed $189,900 TREND
• 2015-08-24 Listed $199,000 TREND
• 2015-08-23 Listed $179,900 BRIGHT MLS
• 2012-10-01 Sold (MLS) $164,900 TREND
• 2012-10-01 Sold (MLS) $164,900 BRIGHT MLS
• 2012-08-22 Listing Removed — BRIGHT MLS
• 2012-07-17 Listed $164,900 TREND
• 2012-07-17 Listed $164,900 BRIGHT MLS
• 2012-04-27 Listing Removed — BRIGHT MLS
• 2012-01-24 Listed $169,000 BRIGHT MLS
• 2009-06-22 Listing Removed — BRIGHT MLS
• 2008-11-08 Listed $200,000 BRIGHT MLS
• 2008-11-07 Listing Removed — BRIGHT MLS
• 2008-08-30 Listed $217,985 BRIGHT MLS
• 2008-05-20 Listing Removed — BRIGHT MLS
• 2008-05-20 Listing Removed — BRIGHT MLS
• 2008-05-07 Listed $149,941 BRIGHT MLS
• 2008-02-17 Listed $199,900 BRIGHT MLS
• 2007-05-31 Sold (MLS) $75,000 BRIGHT MLS
• 2007-04-09 Listed $75,000 BRIGHT MLS

Property tax history

+5.1%/yr

Latest (2024): $2,033 · +19.6% YoY. Source: county tax records.