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$119,900

Beds
3
Baths
1.5
sq ft
1,625

1028 Chestnut St, Wilmington, DE 19805

1028 Chestnut St

WILMINGTON, DE 19805

  • 82 days on market
    • Price drop $20,000↓
Turn key investment opportunity located in the City of Wilmington, this 3-bedroom, 1.1-bathroom property is a fantastic addition to any investor's portfolio. Situated close to shopping, dining, and public transportation, the home offers convenience for tenants and value for investors. The property is currently under rented to a long-term tenant at $1,050 per month, with the tenant expressing a strong desire to stay, ensuring immediate and steady cash flow. Inside, the main level features a spacious living room, a formal dining area, a functional kitchen, and a convenient half bath. Upstairs, you’ll find three well-sized bedrooms and a full bathroom. The unfinished basement provides ample storage space, further enhancing the property’s utility. Don’t miss this chance to secure a low-maintenance, income-generating property in a prime location!

Details

Property type

Townhouse

Est. home value

$150,542

Lot size

1,307 sq ft

Price per sq ft

$74

Year built

1900

Annual property taxes

$1,422

HOA

No

Price History

04/04/2025
Bright

Bright #DENC2074514

Listed
$119,900
03/08/2025
Bright

Bright #DENC2074514

Pending
$119,900
02/28/2025
Bright

Bright #DENC2074514

Price change
$119,900
-14.3%

Schools & Community

Neighborhood: 

Hedgeville

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

CHRISTINA

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$68,303
Asking price
$119,900
Closing costs (~8% of asking)
-$9,592
Est. remaining loan balance
-$42,005
Cash to seller
$68,303

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Northpointe Bank

Loan start date

February 2020

Original loan amount

$46,750

Est. remaining balance

$42,005

Interest rate

3.72%

Loan type

New Conventional, 30 year

Seller

Saleem Cross

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/07/2025 at 3:55 PM

Listing updated: 04/04/2025 at 11:06 AM

Listed by: Chris Nolte, Coldwell Banker Realty Phone #: (302) 234-1888

MLS: Bright #DENC2074514

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