8 Commonwealth Avenue
$1,999,999
16
8
2
11,500
11,500
$174
Virtual Tour
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...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.
- Listed by Matthew Lenza • Crown Homes Real EstateP: (302)-285-9777 info@lenzateam.com
Property Details for 8 Commonwealth Avenue
Tax ID Number
06-084.00-439
OwnershipFee Simple
Condo Coop AssociationNo
HOANo
Structure TypeDetached
StyleContemporary, Converted Dwelling, Traditional
Levels/Stories3
WaterfrontNo
LISTING UPDATED: 11/15/2024 08:45 AM
Property Details for 8 Commonwealth Avenue
Status | Active |
---|---|
MLS # | DENC2063148 |
Days on Market | 161 |
Taxes | $5,600 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Fee Simple |
Year Built | 1917 |
Lot Size | 0.28 AC / 12,197 SF |
County | New Castle County |
Virtual Tour
Building Information for 8 Commonwealth Avenue
Stories3Year Built1917Building Size-Lot Size0.28 AC / 12,197 SF
Property Information for 8 Commonwealth Avenue
Property History for 8 Commonwealth Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 8 Commonwealth Avenue
Taxable ValueLand$21,300Additions$137,000Total$158,300
Home Facts
Total Finished SqFt5,208 SqFtAbove Grade Finished SqFt5,208 SqFtStories1Lot Size12,197 SqFtStyleStoresYear Built1920Year Renovated1923ZoningCNCountyNEW CASTLEAPN06-084.00-439
Schools near 8 Commonwealth Avenue
This home is within Brandywine School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 10 to 12 |
Rating | School | Distance |
---|---|---|
Claymont Elementary School PublicK to 5 | ||
Talley Middle School Public6 to 8 | ||
Brandywine High School Public9 to 12 | ||
Brandywine SITE Public10 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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