tomo logo

$295,000

Beds
5
Baths
3.0
sq ft
1,975

501 Concord Ave, Wilmington, DE 19802

501 Concord Ave

WILMINGTON, DE 19802

  • 24 days on market
    • Price drop $4,900↓
501 Concord Ave – A Rare Opportunity! This spacious 5-bedroom, 2 full/2 half-bath corner home is a rare find! With three stories, a huge wraparound porch, and a new roof, this property offers both charm and value. One bedroom and bath are conveniently located on the main entry level. Situated close to Market St., this home is in a prime location with vinyl siding for easy maintenance. Perfect for owner-occupancy or investment, this property is currently generating $3,000/month in rental income. And let’s be real—where else can you find a 5-bedroom, 4-bathroom home for under $300K? Don’t miss out on this incredible opportunity! Any questions between March 8-22 call co-listing agent

Details

Property type

Single Family Residence

Est. home value

$211,645

Lot size

2,614 sq ft

Price per sq ft

$150

Year built

1921

Annual property taxes

$1,673

HOA

No

Price History

03/01/2025
Bright

Bright #DENC2076190

Price change
$295,000
-1.63%
02/24/2025
Bright

Bright #DENC2076190

Listed
$299,900
+362.1%
10/31/2018
Bright

Bright #1001980572

Sold
$64,900

Schools & Community

Neighborhood: 

9th Ward Area

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks, Street Lights

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

$129,923
Asking price
$295,000
Closing costs (~8% of asking)
-$23,600
Est. remaining loan balance
-$141,477
Cash to seller
$129,923

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

Seller’s Loan History

Lender

Leader One Financial Corp

Loan start date

August 2019

Original loan amount

$159,000

Est. remaining balance

$141,477

Interest rate

3.75%

Loan type

New Conventional, 30 year

Seller

Ernest Osei Owusu Tawiah

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: 03/12/2025 at 8:20 PM

Listing updated: 03/01/2025 at 4:44 PM

Listed by: Robyn Roberts, BHHS Fox & Roach-Christiana Phone #: (302) 368-1621

MLS: Bright #DENC2076190

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