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8 South Lake Street

8 South Lake Street, Wilmington, DE 19804
Property in Elmhurst
Sold Dec 19, 1997
$104,000
$166,840 by Bank Of America Na
Mortgage Due Sep 01, 2050
8 South Lake Street has been categorized by the local assessors in Wilmington, DE as a residential type of property. The building on the property was first built in 1922 and is 102 years old. The home has a total of 6 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 8 South Lake Street has 1,650 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 5,227 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 240 sqft. According to our sources, there is one available parking space. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable style roof made of asphalt. The exterior walls of the building are made of alum/vinyl siding. While the interior walls have been made of plaster. As for the floors, you'll see that the home has flooring throughout. In terms of heating, it is utilizing a forced air unit. The building on the property is connected to a sewer 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, 8 South Lake Street was last sold in Jan 1, 1970 for $104,000. According to our calculations, that's $63.03 per sqft. Current property owners are expected to pay $1,474 in taxes per year. The property on 8 South Lake Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $43,900. To break that down further, the land itself was valued at $7,000. While improvements to the property were assessed at a total of $36,900. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1922
  • Effective Year Built: 1922
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Duplex
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 240
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,227
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,650
  • Gross Building Area: 1,650
  • Building Area: 1,650
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,650
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ELMHURST
  • Land Acres: 0.12
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Right-of-way (not rail, road, or utility)
  • Legal Description 1: LEGAL-L11 12

Ownership

  • Current Owner : SPENCE KYLE T
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Sole Owner

Neighborhood

  • School District Name: Red Clay Consolidated School District
  • School Tax School District: TRS2
  • Census Tract: 012500

Zoning

  • Zoning: NC5

Geography

  • Assessors Map Reference: 07-043
  • District: 07
  • Parcel: 07-043.10-358
  • Block: A
  • Lot: 11 12
  • Municipality: CHRISTIANA HUNDRED
  • Latitude: 39.7277
  • Longitude: -75.5888

    Address

  • Full Address: 8 S Lake St
  • Address - House Number: 8
  • Street Direction: S
  • Address - Street Name: Lake
  • Address - Suffix Type: St
  • State: DE
  • City Name: Wilmington
  • Carrier Code: C042
  • 4-Digit Zip Code: 1759
  • Zip Code: 19804

Valuation

    Tax

  • Total Area: 1,650
  • Tax Year: 2023
  • Tax Amount: $1,474
  • Tax Rate Code Area: LC01;TRS2;

    Appraisal Valuation

  • Standard Deviation: 0.2296
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 68
  • Final Value: 248,647
  • High Value: 305,750
  • Low Value: 191,545

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $166,840
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Sep 09, 2020
  • First Open Lien Mortgage Loan Amount: $166,840
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,900
  • Assessed Land Value: $7,000
  • Assessed Improvements Value: $36,900

    Sales

  • Current Sale Recording Date: Dec 19, 1997
  • Current Sale Transaction ID: 1677533514
  • Current Sale Price: $104,000
  • Current Sale Document Type: Deed

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Frequently Asked Questions

What neighborhood is 8 South Lake Street located in?
The 8 South Lake Street is a located in the neighborhood of Elmhurst in Elmhurst, Wilmington.
What is the average sales price for listings in 8 South Lake Street?
The average sales price for units in 8 South Lake Street is $0 currently.

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