Address
8 Commonwealth Avenue, Claymont, DE
Price
$ 1,999,999
Property Attributes
- MLS#DENC2057894
- TypeSingle Family
- CountyNEW CASTLE
- CityClaymont
- AreaBrandywine
- NeighborhoodOverlook Colony
- Zip19703
- StyleContemporary,Converted Dwelling,Traditional
- Year Built1917
- Taxes$ 5600
- Price$ 1,999,999
- Bedrooms16
- Full Bathrooms8
- Half Bathrooms2
- Sqr Footage11500
- Lot Size12,197 SqFt
Data Source:
Bright MLS
Property Description
Available now! Once in a lifetime opportunity to own an entire building with Commercial and Residential units. Updated financials will be added. Current owner has increased rents and made numerous improvements throughout. Perfect opportunity to buy now and utilize the increased Cash Flow (and not have to worry about getting costly repairs/upgrades completed). All payments from current tenants are being converted to online payments to make it very easy for the new owner to take over the reigns. Additional Notes Below: A building with a rich history stands proudly at the entrance to Overlook Colony. With the revitalization going on in Claymont, it has seen many changes since 1917 when constructed by General Chemical Company. Initially, the two-story building with a full basement was used as the community center for Overlook Colony and was placed at the main entrance just off of Philadelphia Pike. The Colony was planned and developed by General Chemical to house their employees in what were very nice, substantial homes at the time. Besides being called the community center it was later known as Redman's Hall; a meeting place for a fraternal group. It also housed activities of the Holy Rosary Church and stores including Shinn's and later, Steins. If you walk the halls of our building you will notice a lovely plaque that was presented to the three of us by the Claymont Fire Company. It commemorates the fact that many years ago, all of the organizational meetings of the fire company were held in our building. Also, up until 1924, when the Claymont School was built on a lot donated by General Chemical, the community center provided several rooms to take care of the educational needs of the children in the Colony. In 1989, new owners purchased the building and since then have tried to keep the glory of the building's former days while completely modernizing the structure. Because of our efforts, they were presented with a New Castle County Historic Preservation Award in 2000 and were given a grant of $2,500 from General Chemical in 2002 to help beautify the front of the building. Much thought, work, and finances have been expended over the years.
| Price History | |
|---|---|
| 3/16/2024 | Listed $1,999,999 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Other |
| Cooling | Central A/C |
| Possession | Negotiable |
| Roof | Slate |
| Zoning | CN |
| Pool Y/N | No Pool |
| Architectural Style | Contemporary,Converted Dwelling,Traditional |
| Construction Materials | Stone,Mixed |
| Year Built | 1917 |
| Levels | 3 |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | None |
| County | NEW CASTLE |
| New Construction | No |
| Property Type | Residential |
| HOA / Comm Assn | No |
| Subdivision Name | OVERLOOK COLONY |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | Its right off of Route 13. Turn right if you came off of 495,Building is first one in from the corner. You can't miss it. |
| ModificationTimestamp | 2024-04-16T16:23:50 |
| City | CLAYMONT |
| Buyer Agent Compensation | 0.5 |
| Senior Community Y/N | No |
| MLS Area | Brandywine (30901) |
| Lot Size Square Feet | 12197.00 |
| Tax Assessed Value | 158300.0 |
| Waterfront Y/N | No |
| Street Name | COMMONWEALTH |
| Tax Annual Amount | 5600.0 |
| Structure Type | Detached |
| Condo/Coop Association Y/N | No |
| Bathrooms Full Main Level | 8 |
| Bathrooms Count Main Level | 10.00 |
| Price Per Sq Ft | 235.29 |
| Vacation Rental Y/N | No |
| Virtual Tour | https://youtu.be/YyQyc0-NmIA |
| Total SQFT | 13500 |
| Days on Market | 28 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Legal Subdivision | OVERLOOK COLONY |
| Tax Lot | 439 |
| Total Actual Rent | 140280.00 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Basement | Combination |
| Flooring | Hardwood,Luxury Vinyl Plank |
| Hot Water | Natural Gas |
| Total Stories | 3 |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Above Grade Finished Area | 8500 |
| Full Baths | 8 |
| Half Baths | 2 |
| Street Suffix | AVENUE |
| Central Air Y/N | Yes |
| Total Bedrooms | 16 |
| Below Grade Finished Area | 3000 |
| Main Level Bedrooms | 16 |
| Below Grade Finished Area Unit Type | Square Feet |
| LivingAreaSource | Estimated |
| Below Grade Unfin Area Units | Square Feet |
| Below Grade Unfin SQFT | 2000 |
| Below Grade Unfin SQFT Source | Estimated |
| Below Grade Finished Area Source | Estimated |
| Bathrooms Half Main Level | 2 |
| Above Grade Finished Area Source | Estimated |
| Above Grade Finished Area Unit Type | Square Feet |
| Total Baths | 10 |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | On Street |
| Foundation Details | Permanent |
| Water View Y/N | No |
| Lot Dimensions | 120.00 x 100.00 |
| Lot Size Acres | 0.28 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 21300.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 19703
Price
Taxes
Visits
Year Built
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