Zip Code
255 Steeplechase Cir, Wilmington, DE 19808
3 beds · 3 baths · 3,200 sq ft · Lot: 5,663 sq ft · Multi-Family Home (2 - 4 units) · Last Sold: $226K in 2001 · Built: 1990
Est. Value:
$454K
Est. Rent:
$3.6K/month

255 Steeplechase Cir Wilmington, DE 19808

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3 beds · 3 baths · 3,200 sq ft · Lot Size: 5,663 sq ft · Multi-Family Home (2 - 4 units)
Est. Property Value: $453,777

High Demand Long-Term RentalGood value per sqftOwned for 15 - 25 YearsOwner Age Above 75

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255 Steeplechase Cir is in the 19808 neighborhood of Wilmington, DE. It is located in New Castle County and ZIP code 19808. This Multi-Family Home (2 - 4 units) was built in 1990 and is approximately 35 years old. The multi-family home (2 - 4 units) spans 3200 sq ft with 3 bedrooms and 3 bathrooms and sits on a 5663 sq ft lot. According to public records, it was last sold in 2001 for $226,000. The 19808 area of Wilmington has 2 residential homes with an average size of 1875 sq ft. Analyze and compare real estate investment strategies for properties like this home at 255 Steeplechase Cir Wilmington, DE 19808 with Property Intel by Whitepages.

Investment Potential for 255 Steeplechase Cir

The property has a current estimated value of $453,777, which is 12% above the zip median, based on public records. It last sold on August 30, 2001 for $226K. Projected long-term
is $43,800 annually ($3,650 per month) with a 95% occupancy rate.

Discover more Multi-Family Home (2 - 4 units)s in 19808.
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Long-Term

Gross Rental
$43,800 per year($3,650 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
95%in 19808 zip code
 
View Rental Potential

Owners & Occupancy for 255 Steeplechase Cir

This property is owned by Thomas F Scully. Owner contact information includes 4 phone numbers and 2 email addresses.

Property Owners

Residence**************
Landline(302) 328-6133
Distance from Property**********
Email Address************@gmail.comView Email

Cell Phone(301) ***-****View Cell Phone
Residence**************
Landline(302) 571-1231
Distance from Property**********
Email Address*****@cs.comView Email
View All Owner Info

Property Ownership Information

Purchase DateAugust 30, 2001
Property Tax Amount$4,223 in 2024
Purchase Price$226,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1*************** age 77
Resident 2******************* age 66

Property Details for 255 Steeplechase Cir

Property Details

Property Sq Ft

Living Area

3,200 sq ft

49% above market

Lot Size

5,663 sq ft

13% below market

Price Per Sq Ft

Living Area

$142 / sq ft

21% below market

Lot Size Area

$80 / sq ft

35% above market

Property condition, age, exterior, etc. for 255 Steepl…
Longitude: -75.691181 Latitude: 39.749967 Parcel Number (APN): 08-031.10-208…
Mortgage originated on through lender: Washington Mutual Bk Fa for$******View Mortgage Details
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Recommended Properties in 19808

Discover more multi-family homes near 255 Steeplechase Cir in Wilmington, Delaware. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 255 Steeplechase Cir in New Castle County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$453,777
$233,763
$220,014 (94%)
$******
$408,397
$324,453 (79%)
YoY Price Change
—
—
—
Year Built
1990
1946
44 years
Living Space
3,200 sq ft
1,475 sq ft
1725 (117%)
$ Per Living Sq Ft
$142
$158
-$16 (-10%)
Lot Size
5,663 sq ft
3,049 sq ft
2614 (86%)
$ Per Lot Sq Ft
$80
$75
$5 (7%)

Net Operating Income
$*****
$19,911
$10,495 (53%)
Annual Revenue
$43,800
$26,400
$17,400 (66%)
$*****
$6,395
$6,999 (109%)
Net Operating Income
$*****
$19,911
$10,495 (53%)
Cap Rate
****%
8.58%
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 3-Bed Multi-Family Home (2 - 4 units) Medians

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