8 Commonwealth Avenue

Claymont, DE 19703

$1,999,999
Price
—
Beds
11,500 Sq. Ft.
$174 / Sq. Ft.
11,500
Sq. Ft.
$174
per Sq. Ft.

Virtual Tour

Virtual Tour

Description

Available now! 10 - 12 units, based on how it is broken down. 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...Available now! 10 - 12 units, based on how it is broken down. 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.
  1. Listed by Matthew Lenza • Crown Homes Real Estate
    P: (302)-285-9777 info@lenzateam.com

Property Details for 8 Commonwealth Avenue

Tax ID Number
06-084.00-439
Ownership
Fee Simple
Structure Type
Detached
Style
Contemporary, Converted Dwelling, Traditional
Waterfront
No
Garage
No
Subdivision
OVERLOOK COLONY
Subdivision
OVERLOOK COLONY (NEW CASTLE DE)
LISTING UPDATED: 12/17/2024 05:56 PM

Property Details for 8 Commonwealth Avenue

StatusActive
MLS #DENC2063150
Days on Market190
Taxes$5,600 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1917
Lot Size0.28 AC / 12,197 SF
CountyNew Castle County

Virtual Tour

Building Information for 8 Commonwealth Avenue

Stories-Residences4Year Built1917Building Size-Lot Size0.28 AC / 12,197 SF

Property Information for 8 Commonwealth Avenue

Location
Location
  • In City Limits: No
  • School District Name: BRANDYWINE
  • School District County ID: 300200396892
  • SchoolDistrictSource: Listing Agent
  • County: NEW CASTLE
  • MLS Area: Brandywine (30901)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $158,300
  • Year Assessed: 2022
  • County Tax: $1,306
  • Improvement Assessed Value: $137,000
  • City Town Tax: $0
  • Land Assessed Value: $21,300
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Zoning: CN
  • Tax Lot: 439
  • School Tax: $4,294
  • Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
  • Single Room Units Count: 3
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 5
  • Three Bedroom Units Count: 1
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 120.00 x 100.00
  • Lot Dimensions Source: Estimated
  • Parcel ID: 2236924
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Other
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Tri-County Suburban REALTORS

Property History for 8 Commonwealth Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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
Claymont Elementary School
Public - K to 5
Talley Middle School
Public - 6 to 8
Brandywine High School
Public - 9 to 12
Brandywine SITE
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Claymont

Neighborhoods

Cities

ZIPs

More information about 8 Commonwealth Avenue, Claymont, DE 19703

8 Commonwealth Avenue is a multi-family home for sale in Claymont, DE 19703. This property was listed for sale on June 14, 2024 by Crown Homes Real Estate, it's currently listed at $1,999,999. This listing's school district is Brandywine School District. Nearby schools include Claymont Elementary School, Talley Middle School and Brandywine High School. 8 Commonwealth Avenue is a 0-bed, 0-bath, 11,500 sqft multi-family home built in 1917.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Crown Homes Real Estate

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.