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$264,500

Beds
3
Baths
1.0
sq ft
1,125

403 Cleveland Ave, Wilmington, DE 19804

403 Cleveland Ave

WILMINGTON, DE 19804

  • 48 days on market
    • Price drop $10,000↓
Lovely three bedroom ranch house newly painted, professionally designed inside and out with parquet wood floors, custom window treatments and a wonderful Florida room as well as carport. The main shed is fully electrified as a work room. There are also two tool sheds. The new solar panels almost eliminate an electric bill altogether. This will not last long, make an offer! A great value in a crazy market!

Details

Property type

Single Family Residence

Est. home value

$268,026

Lot size

6,970 sq ft

Price per sq ft

$236

Year built

1954

Annual property taxes

$1,267

HOA

No

Price History

08/19/2024
Bright

Bright #DENC2065674

Price change
$264,500
-3.64%
08/02/2024
Bright

Bright #DENC2065674

Listed
$274,500
+37.32%
11/30/2021
Bright

Bright #DENC2000705

Sold
$199,900
+28.97%

Schools & Community

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

$92,793
Asking price
$264,500
Closing costs (~8% of asking)
-$21,160
Est. remaining loan balance
-$150,547
Cash to seller
$92,793

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

Seller’s Loan History

Lender

M & T Bank

Loan start date

November 2021

Original loan amount

$159,900

Est. remaining balance

$150,547

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Glenn E Longpre and Francis G Defranzo

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: 09/18/2024 at 9:15 PM

Listing updated: 09/10/2024 at 4:31 PM

Listed by: James D. Pettit, RE/MAX Elite Phone #: (302) 657-8000

MLS: Bright #DENC2065674

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