Brook-Owen Real Estate
Listed By:
Keller Williams Realty Wilmington
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 Size0.28 Acres
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
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 2024-05-16T15:57:52
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 Total 235.29
Vacation Rental Y/N No
Virtual Tour https://youtu.be/YyQyc0-NmIA
Total SQFT 13500
Days on Market 53
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

Pool No Pool
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
AVG $590K
$2M
Taxes
AVG $2,097
$5,600
Visits
AVG 112
171
Data Provided by Inside Real Estate®
Year Built
AVG 1957
1917

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover