Wilmington, DE 19802,408 W 21ST ST
Wilmington, DE 19802,408 W 21ST ST
Wilmington, DE 19802,408 W 21ST ST
Wilmington, DE 19802,408 W 21ST ST
Wilmington, DE 19802,408 W 21ST ST
Wilmington, DE 19802,408 W 21ST ST
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$143,000

$165,000

13.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

3 Beds

2 Baths

2,125 SqFt


SOLD DATE : 08/17/2018

Key Details

Sold Price $143,000

Property Type Single Family Home

Sub Type Twin/Semi-Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 2,125 sqft

Price per Sqft $67

Subdivision Wilm #04

MLS Listing ID 1001758060

Sold Date 08/17/18

Style Colonial

Bedrooms 3

Full Baths 2

HOA Y/N N

Abv Grd Liv Area 2,125

Originating Board TREND

Year Built 1919

Annual Tax Amount $2,091

Tax Year 2017

Lot Size 2,614 Sqft

Acres 0.06

Lot Dimensions 28X100

Property Description

Why should you buy this home over all the options out there, including not buying anything at all? Because you could potentially have your entire mortgage payment paid for by someone else. Yes, you read that correctly. How is that possible, you ask? Because this property is a two-unit home, where one of the units is leased to great tenants through July 2019. The monthly rent of $1,025 is covering the entire mortgage payment, and you could potentially experience the same benefit! "But how do I know my mortgage will be the same amount?". That's a great question! And here's the answer: The house currently has an ASSUMABLE FHA Mortgage at a SUPER-LOW INTEREST RATE of only 3.25%. That means this incredible mortgage could be transferred to you if you qualify for it! As if that wasn't enough, the Mortgage Insurance Premium (MIP) can be canceled at approximately 78% LTV! If you got a new FHA Mortgage today and your down payment was less than 10%, you'd have to pay MIP for the life of the loan! While the current tenant potentially pays your entire mortgage, you can sit back and enjoy your side of the home: a terrific space with a large and beautiful living area, large bedroom with a walk-in closet and an updated bathroom, modern kitchen, rear porch, private access to the basement with plenty of storage area and new Maytag washer and dryer. You'll also enjoy the beautiful and modern paint all throughout the unit. The unit which is currently being rented is also full of terrific features. It has a stunning and large exposed brick wall, a spacious bedroom on the main floor, spacious kitchen with access to a private and elevated rear porch, both a family room and a living room, updated bathroom and a bay window. This unit also has a loft bedroom! It's a very spacious area with the stunning brick wall, its own washer & dryer, air conditioning units, contemporary ceiling design and a skylight. But there's more! We haven't discussed the large, secluded backyard! The backyard is fenced and is very tranquil. It's really quiet and peaceful and you'd enjoy entertaining some friends with a BBQ or reading a book while sipping on your favorite tea. This property is within walking distance to public transportation on Baynard Boulevard and Rodney Square, and close to all major highways. Note: Buyer is responsible for verifying all information, data and measurements. Nothing can be construed as a guarantee. Owner is co-listing agent and a licensed Delaware real estate broker.

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning 26R-2

Rooms

Other Rooms Living Room, Primary Bedroom, Bedroom 2, Kitchen, Family Room, Bedroom 1, Other

Basement Full, Unfinished

Interior

Interior Features Skylight(s), Ceiling Fan(s), Kitchen - Eat-In

Hot Water Electric

Heating Electric

Cooling Wall Unit

Fireplace N

Window Features Bay/Bow

Heat Source Electric

Laundry Upper Floor, Basement

Exterior

Exterior Feature Roof, Porch(es)

Waterfront N

Water Access N

Accessibility None

Porch Roof, Porch(es)

Garage N

Building

Story 3+

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories 3+

Additional Building Above Grade

New Construction N

Schools

School District Red Clay Consolidated

Others

Senior Community No

Tax ID 26-022.10-088

Ownership Fee Simple

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Bright MLS (BMLS)
Listed by Manoj K Philip • Keller Williams Realty Wilmington
Bought with Michael C Dunning • Patterson-Schwartz-Hockessin
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20251 Century Blvd Suite 125, Germantown, MD, 20874

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