tomo logo

$195,000

Beds
3
Baths
1.5
sq ft
1,400

1311 W 3rd St, Wilmington, DE 19805

1311 W 3rd St

WILMINGTON, DE 19805

  • 73 days on market
BACK TO ACTIVE AT NO FAULT OF THE SELLER! BUYER'S FINANCING FELL THROUGH! Offered for sale is a beautiful freshly renovated 3 bedroom 1.5 bathroom townhome in Wilmington with easy access to I-95. Features include a spacious living room with lots of natural light and access to a first-floor powder room, all new flooring and fresh paint throughout. The galley style kitchen has all new Stainless-Steel appliances and granite countertops with a large morning/great room that leads to the backyard. Efficient recessed lighting throughout the entire home. The second level has 3 spacious bedrooms with brand new wall to wall carpet and a beautifully updated bathroom. The home is currently vacant, making it a wonderful oppornuty to get a lease in place as a buy and hold for an investor portfolio. This also could be a great starter home for those just venturing into home ownership! The entire house was gutted out by previous owner and totally renovated with all new electrical, plumbing, walls, subfloors, kitchen and bathrooms. Current owner has just replaced all flooring, installed recessed lighting and painted everything fresh. This property is like new!

Details

Property type

Townhouse

Est. home value

$154,701

Lot size

1,307 sq ft

Price per sq ft

$140

Year built

1880

Annual property taxes

$695

HOA

No

Price History

01/07/2025
Bright

Bright #DENC2070706

Listed
$195,000
11/05/2024
Bright

Bright #DENC2070706

Pending
$195,000
10/28/2024
Bright

Bright #DENC2070706

Listed
$195,000
+8.94%

Schools & Community

Neighborhood: 

Hilltop

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

RED CLAY CONSOLIDATED

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

$80,453
Asking price
$195,000
Closing costs (~8% of asking)
-$15,600
Est. remaining loan balance
-$98,947
Cash to seller
$80,453

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

Seller’s Loan History

Lender

Nation One Mortgage

Loan start date

June 2021

Original loan amount

$107,100

Est. remaining balance

$98,947

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Lance Anthony Smith

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: 01/08/2025 at 9:40 PM

Listing updated: 01/07/2025 at 4:07 PM

Listed by: Michael J Morrell Jr., EXP Realty, LLC Phone #: (888) 397-7352

MLS: Bright #DENC2070706

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