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80 Welsh Tract Rd UNIT ROAD 308
Score
69
Newark, DE

80 Welsh Tract Rd UNIT ROAD 308

150K
1 bd • 1 ba • sf

This analysis was generated on 3/12/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$150,000

Price/Sq.Ft

$150,000

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Price Position: Price per sqft cannot be determined due to missing square footage information. • Appreciation Trend: Homes in 19713 have sold for 4.5% more than they did a year ago, indicating positive appreciation. • Investment Opportunity: After $7,000 in renovations, potential $8,000 equity gain (114.3% ROI) • Rental Income: $1,218/month with 99% occupancy (0.1% cap rate) • Schools: No school data available to assess impact on property values. • Future Development: No specific planned developments are mentioned in the provided data. • The layout appears functional, with a balcony accessible from the living area. The flow between rooms seems adequate, but the overall space utilization could be improved with modern updates.

The Bad

• Carpet Replacement (HIGH priority): $3,500 • Interior Painting (MEDIUM priority): $1,500 • Balcony Railing Repair/Replacement (MEDIUM priority): $2,000 • Seller's market conditions may lead to overpaying if not carefully compared to similar properties. • Limited information on property specifics (year built, square footage) increases uncertainty in valuation. • Lack of crime data makes it difficult to assess neighborhood safety and potential impact on property value. • Natural light appears limited, especially in the interior rooms. The balcony provides some light to the living area, but additional lighting solutions may be needed. • Climate Risk: No specific data on flood zones or other climate-related insurance implications available.

The Ugly

No critical issues identified
Worn Carpet

Worn Carpet

The carpet appears heavily worn and stained, indicating a need for replacement.

Aging Brick

Aging Brick

The exterior brick shows some signs of aging and potential water damage.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $14,616 with 99% occupancy rate Value Investors: Projected 23.3% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $7,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$63,613

Property History

Price History
Ownership Timeline
$0Cash Purchase
Jan 30, 2007
Charles W ThompsonCharles W Thompson, Dorothy E Coulter
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Dec 3, 2003
Charles W ThompsonCharles W Thompson, Glen Edward Thompson
Intrafamily Transfer
Non-Arm's Length Transactions

Market Insights

Real-time analysis of the local housing market

February 2025
Seller's Market

This is currently a competitive market for buyers in 19713. Homes are selling quickly and often above asking price, so be prepared to act fast and make strong offers.

$330,000
$203/sqft
4.5%
Change from last month
Your price: $150K (-55%)
0
54
11 sold last month
3.6%
Change from last month
30 days
Average for homes in this area
36.7%
Change from last month

Sale Price Distribution

Last month
3
Over Asking
homes
3
At Asking
homes
5
Under Asking
homes
Total: 11 homes sold

If you're buying a home in 19713, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Sale Time Distribution

Last month
8
Under 30 Days
homes
Your property
2
30-90 Days
homes
1
Over 90 Days
homes
Total: 11 homes sold

Many homes in 19713 are selling fast, if you're buying plan to act quickly.

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Risk Assessment

Risk Analysis

• Seller's market conditions may lead to overpaying if not carefully compared to similar properties. • Limited information on property specifics (year built, square footage) increases uncertainty in valuation. • Lack of crime data makes it difficult to assess neighborhood safety and potential impact on property value. • Climate & Insurance: No specific climate mitigation needs identified based on available data. • Worn Carpet: The carpet appears heavily worn and stained, indicating a need for replacement. • Aging Brick: The exterior brick shows some signs of aging and potential water damage.

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Schools

Christiana High School

Public•Grades 9-12
10/10
High
716 students

Smith (jennie E.) Elementary School

Public•Grades PK-5
5/10
Elementary
530 students

Kirk (george V.) Middle School

Public•Grades 6-8
3/10
Middle
654 students

Financials

Monthly Costs
Market Rent (1 bed)

$1,218

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Location & Comparables

Subject Property
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