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Presented by: Crown Homes Real Estate Powered by Highrises

55 New London Ave, Newark, DE 19711 listing image 1

For Sale

$6,630,000

55 New London Ave, Newark, DE 19711

3Beds
1Bath
975SqFt

3Beds
1Bath
975SqFt

Property Type
Townhouse
Year Built
1920
Price per Sqft
$6800
On highrises
320 Days

Property Details

INVESTOR ALERT! Here's a chance to own a portfolio of 10 properties that have performed consistently over 20+ years. This listing is part of a ten-property portfolio diversified across 3 categories: (6) College Rentals in excellent locations, (3) very high yield rooming houses and (1) Government Guaranteed rent, Section 8 housing with approx. 5 year long tenants. With the signed NDA and proof of funds Seller will show the property and give more information.

Property Features

Bedrooms

Bedrooms: 3

Bathrooms

Total Bathrooms: 1
Full Bathrooms: 1

Interior Features

Basement

Heating and Cooling

Heating Features: Forced Air
Heating: Yes

Land Info

Lot Size Acres: 0.1
Lot Size Square Feet: 4356

Garage and Parking

Parking Features: Off Street

Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

School Information

School District: CHRISTINA

Other Property Info

Annual Tax Amount: 828.0
Source Listing Status: Active
County: NEW CASTLE
Disclaimer: Standard
Ownership: Fee Simple
Source Property Type: Residential
Area: NEW CASTLE
Property Subtype: townhouse
Source Neighborhood: NEWARK
Postal Code Plus 4: 7038
Subdivision: NEWARK
Source System Name: C2C

Building and Construction

Total Square Feet Living: 975
Year Built: 1920
Above Grade Finished Area: 975
Construction Materials: Shingle Siding
Property Age: 105
Levels or Stories: 3
Structure Type: End of Row/Townhouse
Total Area Sqft: 975

Property History

Property Price

Date	Event	Price	Price/Sq Ft	Source
03/28/2024	Listed	$6,630,000	$6,800	BrightMLS
11/03/2023	Listing removed	-	-	RentalBeast
09/23/2023	Listed for rent	$3,080	$3	RentalBeast
11/15/2022	Listing removed	-	-	RentalBeast
11/10/2022	Listed for rent	$3,380	$3	RentalBeast
11/08/2022	Listing removed	-	-	RentalBeast
10/29/2022	Listed for rent	$3,380	$3	RentalBeast

Property Tax

Year	Taxes	Land	added to	Additions	equals	Total assessments
2023	$658	$3,200	+	$15,000	=	$18,200
2022	$651	$3,200	+	$15,000	=	$18,200
2021	$634	$3,200	+	$15,000	=	$18,200
2020	$616	$3,200	+	$15,000	=	$18,200
2019	$540	$3,200	+	$15,000	=	$18,200
2018	$527	$3,200	+	$15,000	=	$18,200
2017	$511	$3,200	+	$15,000	=	$18,200

Neighborhood

Environmental Risk

Nearby Home Values

Address	Estimate	Bed	Bath	Sq Ft	Lot (sq ft)
250 Green Ln	$329.9K	3	3	1650	2614
202 Leahy Dr	$719.9K	3	3	2954	2954
340 Delaware Cir	$299K	2	2	850	3049
310 2nd St	$319K	3	3	1650	2178
24 Scotch Pine Rd	$485K	3	3	2500	6534
113-UNIT E Main St Unit 217	$480K	2	2	N/A	N/A

Presented by:
Corey Harris
state license#RS-0023712

Brokered by:
Crown Homes Real Estate
(302) 504-6147

Broker Location:

HOCKESSIN

Data Source:

BrightMLS

Source's Property ID:

DENC2058646

Data Source Copyright:

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$6,630,000

55 New London Ave, Newark, DE 19711