524 Taylor St · Wilmington, DE 19801

$124,900

3 bd · 1.0 ba · 1,125 sqft · Townhouse public records · 118 Days on market

Built 1900 871 sqft lot $111/sqft · 17% below area Est $150k · 17% 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
• Livability +3.2/5.0
• Rent growth +2.9/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 524 Taylor Street, ideally situated in Wilmington’s Rising East Side, just steps from the brand-new Maurice Pritchett Sr. Academy and within easy walking distance of downtown hot spots, the train station, and major bus routes. This handsome brick, two-story townhome is an excellent opportunity for first-time buyers or savvy investors. Thoughtfully improved over the years, the home features well-maintained mechanical systems, including AC, a functional kitchen, generous living spaces, and the convenience of first-floor laundry. Upstairs, you’ll find two spacious, light-filled bedrooms with ample closet space, along with a large shared hall bathroom—perfectly designed for comfort and everyday living. Don’t miss your chance to make 524 Taylor Street your home.

Key facts

• Functional kitchen
• Ample closet space
• First-floor laundry

Tags

• FIRST-FLOOR LAUNDRY
• FUNCTIONAL KITCHEN
• GENEROUS LIVING SPACES
• LIGHT-FILLED BEDROOMS
• AMPLE CLOSET SPACE
• LARGE SHARED HALL BATHROOM

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $125k.

Deal economics

• At list price, monthly cash flow is $745 ($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: $114k (9.0% below list) — sets the bar for market timing.
• Cap rate 13.5% 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.
• 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 (+1.6%/yr); 75 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 43% of the median local income ($53k/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 + 1.6% rent growth), your $35k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 118 days — a 9% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 20y ago; this cycle's ask has dropped $15k (11%) 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 $113,659 (9.0% below list)

Questions for the listing agent

1. It's been on market 118 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.53% ✓
• Cap rate: 13.45%
• Cash-on-cash: 25.56%
• DSCR: 2.14
• GRM: 5.5

CMA / ARV

• ARV (median comp): $150,309
• List price: $124,900
• Delta: -16.90%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
524 Taylor St	0.00mi	2/1.0 (-1)	1,125 (0%)	1mo	$110,000	$98	94
834 N Pine St	0.03mi	3/1.5	1,150 (+2%)	0mo	$150,000	$130	92
1004 N Pine	0.15mi	3/1.5	1,100 (-2%)	4mo	$170,000	$155	84
1007 N Spruce St	0.17mi	3/1.5	1,075 (-4%)	3mo	$145,000	$135	80
1029 Clifford Brown Walk	0.22mi	4/1.5 (+1)	1,175 (+4%)	2mo	$30,000	$26	74
932 Clifford Brown Walk	0.16mi	3/1.5	1,225 (+9%)	2mo	$175,000	$143	74
1124 Clifford Brown Walk	0.26mi	3/1.0	1,236 (+10%)	4mo	$125,000	$101	68
2111 N Locust St	0.68mi	3/1.5	1,075 (-4%)	3mo	$175,600	$163	57
2203 N Pine St	0.72mi	3/1.5	1,200 (+7%)	3mo	$188,000	$157	51
1212 N Tatnall St	0.57mi	3/1.0	1,275 (+13%)	0mo	$165,000	$129	51
1224 Tatnall St	0.57mi	2/1.0 (-1)	1,275 (+13%)	3mo	$252,500	$198	43
519 Lafayette Blvd	0.72mi	2/1.5 (-1)	1,250 (+11%)	0mo	$235,000	$188	40

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 · 1.59% rent growth · sell at horizon

5-year hold

• IRR: 17.6%
• Equity multiple: 1.70×
• Total profit: $24,506
• Equity at exit: $18,623

10-year hold

• IRR: 25.1%
• Equity multiple: 3.05×
• Total profit: $71,652
• 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 19801

• Rents YoY: 1.6%
• Active inventory: 75
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,909 high
• Mortgage (P&I): −$655
• Tax from tax record: −$56 /mo · $671/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$401
• Net cashflow: $745

Break-even live

Break-even rent $966

Max offer price $124,900

Occupancy floor 56%

Sensitivity live

Price	-10% $816	-5% $780	+0% $745	+5% $710	+10% $674
Rent	-10% $594	-5% $670	+0% $745	+5% $820	+10% $896
Rate	-1.0pp $808	-0.5pp $777	base $745	+0.5pp $713	+1.0pp $680

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 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
835 N Spruce St Wilmington, DE	3.0	1.0	775	$1,700	$2.19	0d	1	0.08mi
928 Kirkwood St Wilmington, DE	3.0	1.5	1150	$1,700	$1.48	18d	1	0.14mi
605 E 10th St Wilmington, DE	3.0	1.0	1200	$1,850	$1.54	25d	1	0.17mi
1004 N Spruce St Wilmington, DE	3.0	1.5	1075	$1,800	$1.67	19d	1	0.20mi
1026 Bennett St Wilmington, DE	3.0	1.0	1125	$1,685	$1.50	2d	1	0.23mi
518 E 12th St Wilmington, DE	2.0	1.0	875	$1,425	$1.63	21d	1	0.29mi
1124 Clifford Brown Walk Wilmington, DE	2.0	1.0	1240	$1,625	$1.31	44d	1	0.30mi
801 N Market St Unit 207 Wilmington, DE	2.0	2.0	1239	$1,895	$1.53	6d	1	0.39mi
913 N Market St Wilmington, DE	1.0–2.0	1.0–2.0	974	$1,985	$2.04	44d	5	0.41mi
116 W 9th St Wilmington, DE	1.0–2.0	1.0–2.0	813	$2,250	$2.77	2d	16	0.44mi
703 Orange St Wilmington, DE	1.0–2.0	1.0	800	$1,475	$1.84	44d	1	0.46mi
801 N Orange St Wilmington, DE	3.0	1.0–3.0	1118	$3,991	$3.57	3d	117	0.47mi
1217 N King St Wilmington, DE	3.0	1.5	1300	$2,145	$1.65	19d	1	0.48mi
1001 N Orange St Wilmington, DE	1.0–2.0	1.0–2.0	833	$2,135	$2.56	2d	62	0.49mi
228 W 9th St Unit 201 Wilmington, DE	2.0	2.0	1031	$1,695	$1.64	45d	1	0.50mi
15 W Girard St Unit 105 Wilmington, DE	2.0	1.0	740	$1,645	$2.22	6d	1	0.50mi
839 N Tatnall St Unit 303 Wilmington, DE	2.0	2.0	876	$1,475	$1.68	6d	1	0.52mi
839 N Tatnall St Unit 101 Wilmington, DE	2.0	2.0	1211	$1,750	$1.45	6d	1	0.52mi
225 W 4th St Unit 2 Wilmington, DE	2.0	1.0	1000	$1,599	$1.60	44d	1	0.54mi
107 W 13th St Wilmington, DE	3.0	1.5	1325	$1,895	$1.43	44d	1	0.60mi
918 E 17th St Unit 1 Wilmington, DE	3.0	1.0	1100	$1,795	$1.63	0d	1	0.61mi
401 A St Wilmington, DE	2.0	1.0–2.0	716	$2,605	$3.64	0d	12	0.64mi
115 Christina Landing Dr Wilmington, DE	1.0–2.0	1.0–2.0	1195	$2,796	$2.34	2d	13	0.68mi
507 W 4th St Wilmington, DE	3.0	1.5	1075	$1,800	$1.67	13d	1	0.69mi
709 Windsor St Unit 3 Wilmington, DE	2.0	1.0	980	$1,500	$1.53	44d	1	0.72mi
711 Windsor St Wilmington, DE	2.0	1.0	980	$1,460	$1.49	44d	1	0.72mi
105 Christina Landing Dr #1503 Wilmington, DE	2.0	2.0	1025	$2,500	$2.44	17d	1	0.73mi
105 Christina Landing Dr Wilmington, DE	2.0	2.0	1025	$2,400	$2.34	11d	1	0.73mi
617 W 6th St Unit 617 B Wilmington, DE	3.0	1.0	1000	$1,600	$1.60	6d	1	0.73mi
105 Christina Landing Dr #1105 Wilmington, DE	2.0	2.0	1150	$2,500	$2.17	44d	1	0.73mi
613 W 10th St Wilmington, DE	2.0	1.0	1100	$1,745	$1.59	44d	1	0.76mi
820 W 7th St Wilmington, DE	3.0	1.0	1000	$1,650	$1.65	44d	1	0.85mi
1010 Trenton Pl Wilmington, DE	3.0	1.5	1475	$2,350	$1.59	17d	1	0.86mi
103 E 24th St Unit 1 Wilmington, DE	3.0	1.0	1025	$1,795	$1.75	44d	1	0.89mi
5 E 24th St Unit 1 Wilmington, DE	3.0	1.0	1150	$1,795	$1.56	44d	1	0.91mi
1000 W 8th St Unit 3 Wilmington, DE	2.0	1.0	1050	$1,695	$1.61	25d	1	0.95mi
606 S Claymont St Wilmington, DE	2.0	1.0	1000	$1,399	$1.40	17d	1	0.95mi
606 S Claymont St Wilmington, DE	2.0	1.0	1000	$1,399	$1.40	19d	1	0.95mi
530 Harlan Blvd #519 Wilmington, DE	2.0	2.0	1192	$2,250	$1.89	25d	1	0.97mi
2601 N Heald St Wilmington, DE	3.0	1.0	1025	$1,795	$1.75	0d	1	0.98mi

Listing history 9 events

1. 2026-05-18
   status Pending 802-char remark

   Show marketing remark (802 chars)

   Welcome to 524 Taylor Street, ideally situated in Wilmington’s Rising East Side, just steps from the brand-new Maurice Pritchett Sr. Academy and within easy walking distance of downtown hot spots, the train station, and major bus routes. This handsome brick, two-story townhome is an excellent opportunity for first-time buyers or savvy investors. Thoughtfully improved over the years, the home features well-maintained mechanical systems, including AC, a functional kitchen, generous living spaces, and the convenience of first-floor laundry. Upstairs, you’ll find two spacious, light-filled bedrooms with ample closet space, along with a large shared hall bathroom—perfectly designed for comfort and everyday living. Don’t miss your chance to make 524 Taylor Street your home.

2. 2026-04-19
   price $124,900 802-char remark

   Show marketing remark (802 chars)

   Welcome to 524 Taylor Street, ideally situated in Wilmington’s Rising East Side, just steps from the brand-new Maurice Pritchett Sr. Academy and within easy walking distance of downtown hot spots, the train station, and major bus routes. This handsome brick, two-story townhome is an excellent opportunity for first-time buyers or savvy investors. Thoughtfully improved over the years, the home features well-maintained mechanical systems, including AC, a functional kitchen, generous living spaces, and the convenience of first-floor laundry. Upstairs, you’ll find two spacious, light-filled bedrooms with ample closet space, along with a large shared hall bathroom—perfectly designed for comfort and everyday living. Don’t miss your chance to make 524 Taylor Street your home.

3. 2026-01-20
   listed $140,000 Active 802-char remark

   Show marketing remark (802 chars)

   Welcome to 524 Taylor Street, ideally situated in Wilmington’s Rising East Side, just steps from the brand-new Maurice Pritchett Sr. Academy and within easy walking distance of downtown hot spots, the train station, and major bus routes. This handsome brick, two-story townhome is an excellent opportunity for first-time buyers or savvy investors. Thoughtfully improved over the years, the home features well-maintained mechanical systems, including AC, a functional kitchen, generous living spaces, and the convenience of first-floor laundry. Upstairs, you’ll find two spacious, light-filled bedrooms with ample closet space, along with a large shared hall bathroom—perfectly designed for comfort and everyday living. Don’t miss your chance to make 524 Taylor Street your home.

4. 2007-02-20
   historical
5. 2006-12-28
   historical
6. 2006-12-26
   listed $79,900
7. 2006-12-14
   historical
8. 2006-10-23
   listed $89,900
9. 2006-10-23
   listed $89,900

ⓘ 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: $671 · $56/mo
• Projected year-2 tax: $698 · $58/mo
• Expected delta: +$27/yr (+$2/mo · 4.0%)

ⓘ 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 ≥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: $22,905
• − Mortgage interest: −$6,996
• − Property taxes: −$671
• − Insurance: −$624
• − Repairs & maintenance: −$1,832
• − Management: −$1,832
• − Depreciation: −$3,633
• Taxable income: $7,315
• Est. tax owed @ 24.0%: −$1,756
• After-tax cash flow: $7,184/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

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): 16,327
• Household income: $52,810
• Rent vs Own: 69.4% rent · 30.6% own
• Severe rent burden: 919.0

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 (67%)
• Race & ethnicity: Black 67% White 15% Hispanic / Latino 9% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4%
• Common ancestry: Romanian 1% Slovak 1% Italian 1%
• Foreign-born: 9% · Canada, China, Vietnam
• Languages at home: 87% English-only · Spanish 7% Other Indo-European 2% Chinese 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: ▼ -112.65%
• Current HPI: 151.1288
• Rent YoY: ▲ 1.59%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• State GDP YoY: —
• F500 in state: 0

Price history

+38.9% since first listed

9 events — show timeline

• 2026-05-18 Pending — BRIGHT MLS
• 2026-04-19 Price Changed $124,900 BRIGHT MLS
• 2026-01-20 Listed $140,000 BRIGHT MLS
• 2007-02-20 Listing Removed — BRIGHT MLS
• 2006-12-28 Listing Removed — BRIGHT MLS
• 2006-12-26 Listed $79,900 BRIGHT MLS
• 2006-12-14 Listing Removed — BRIGHT MLS
• 2006-10-23 Listed $89,900 BRIGHT MLS
• 2006-10-23 Listed $89,900 BRIGHT MLS

Property tax history

+3.9%/yr

Latest (2024): $671 · +2.6% YoY. Source: county tax records.