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2608 Cedar Avenue

2608 Cedar Avenue, Wilmington, DE 19808
Property in The Cedars
Sold Jul 27, 2022
$3,600,000
$353,479 by Primary Residential Mortgage I
Mortgage Due Aug 01, 2052
Sold Jul 26, 2022
$3,600,000
$353,479 by Primary Residential Mortgage I
Mortgage Due Aug 01, 2052
2608 Cedar Avenue in Wilmington, DE was first built in 1925 and is 99 years old. Although, the building on the property was most recently renovated and altered in 1973. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 8 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 2608 Cedar Avenue has 2,920 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,020 ft and the linear feet between the front and back of the lot is 1,170. In total, the area measurement of the land is 24,394 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of asphalt. The property is connected to a sewer system. For those who need parking, there is a garage underground or in the basement. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as unknown. The exterior walls of the home are made of wood siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a hot water heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2608 Cedar Avenue was last sold in Jul 22, 2022 for $3,600,000. According to our calculations, that's $1,232.88 per sqft. Prior to that sales transaction, the property was sold for $3,600,000 in Jul 22, 2022. Current property owners are expected to pay $2,649 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 2608 Cedar Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $78,900. To break that down further, the land itself was valued at $11,600. While improvements to the property were assessed at a total of $67,300. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Quality: C
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Underground/basement
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 24,394
  • Lot Size Depth Feet: 1,170
  • Lot Size Frontage Feet: 1,020
  • Total Building Area: 2,920
  • Gross Building Area: 2,920
  • Building Area: 2,920
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 2,920
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CEDARS
  • Land Acres: 0.56
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Pipeline or right-of-way

Ownership

  • Current Owner : MORET ENCARNACION
  • Previous Owner : ASKE PROPERTIES LLC
  • Owner Before Previous Owner: ASKE PROPERTIES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Red Clay Consolidated School District
  • School Tax School District: TRS2
  • Census Tract: 013501

Zoning

  • Zoning: NC5

Geography

  • Assessors Map Reference: 08-033
  • District: 08
  • Parcel: 08-033.30-051
  • Lot: 131P1
  • Municipality: MILL CREEK HUNDRED
  • Latitude: 39.7434
  • Longitude: -75.6403

    Address

  • Full Address: 2608 Cedar Ave
  • Address - House Number: 2608
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ave
  • State: DE
  • City Name: Wilmington
  • Carrier Code: C040
  • 4-Digit Zip Code: 3206
  • Zip Code: 19808

Valuation

    Tax

  • Total Area: 3,025
  • Tax Year: 2023
  • Tax Amount: $2,649
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: LC03;TRS2;

    Appraisal Valuation

  • Standard Deviation: 0.1928
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 74
  • Final Value: 388,636
  • High Value: 463,579
  • Low Value: 313,693

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $353,479
  • First Open Lien Mortgage Lender: PRIMARY RESIDENTIAL MORTGAGE I
  • First Open Lien Mortgage Recording Date: Jul 27, 2022
  • First Open Lien Mortgage Loan Amount: $353,479
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2052

    Market Valuation

  • Market Total Value: $316,080

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $78,900
  • Assessed Land Value: $11,600
  • Assessed Improvements Value: $67,300

    Sales

  • Current Sale Contract Date: Jul 22, 2022
  • Current Sale Recording Date: Jul 27, 2022
  • Current Sale Transaction ID: 11892908223
  • Current Sale Price: $3,600,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 74705
  • Previous Sale Recording Date: Jul 26, 2022
  • Previous Sale Contract Date: Jul 22, 2022
  • Previous Sale Amount: $3,600,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PRIMARY RESIDENTIAL MORTGAGE I
  • First Mortgage Transaction Date: Jul 27, 2022
  • First Mortgage Loan Amount: $353,479
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: PRIMARY RESIDENTIAL MORTGAGE I
  • Previous Mortgage Transaction Date: Jul 26, 2022
  • Previous Mortgage Loan Amount: $353,479
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Aug 01, 2052

About The Cedars



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Frequently Asked Questions

What neighborhood is 2608 Cedar Avenue located in?
The 2608 Cedar Avenue is a located in the neighborhood of The Cedars in The Cedars, Wilmington.
What is the average sales price for listings in 2608 Cedar Avenue?
The average sales price for units in 2608 Cedar Avenue is $0 currently.

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