Score
0Wilmington, DE
9 Orchard Ln
375K
3 beds
2 baths
1,900 sqft
3 bd • 2 ba • 1,900 sf
This analysis was generated on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$375,000
Price/Sq.Ft
$197
Year Built
1952
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This 1952 Cape Cod at 9 Orchard Lane offers exceptional value at $197.37/sqft, significantly below the Wilmington average of $220/sqft. Recent updates include a 2022 kitchen renovation and a new pool filter in 2023, enhancing its appeal and reducing immediate maintenance needs. The property boasts a spacious 1,900 sqft layout, 26% larger than the local average of 1,500 sqft for similar homes. Its minimal flood risk (1/10) is notably better than Wilmington's average (4/10), potentially lowering insurance costs. The in-ground pool and fenced backyard add approximately $30,000 to the property's value. With a current rental rate of $1,800 for 3-bedroom homes in the area, this property could yield a potential 5.8% cap rate for investors.
The Bad
The property has been on the market for 45 days, slightly above the Wilmington average of 38 days, suggesting potential pricing or marketing challenges. The Brandywine School District ratings are mixed, with elementary school rated 5/10 and middle school at 3/10, which may deter families with school-age children. The estimated annual insurance cost of $1,350 is about 10% higher than the Delaware average of $1,230, likely due to the pool. The severe heat risk (7/10) could lead to higher cooling costs, with an average of 7 extremely hot days per year.
The Ugly
The property's age (71 years) suggests potential for major system replacements soon. Typical costs could include: roof replacement ($12,000-$15,000), HVAC system upgrade ($8,000-$10,000), and potential plumbing or electrical updates ($5,000-$8,000 each). The major wind risk (6/10) is concerning, with insurance marked as CRITICAL, potentially leading to 20-30% higher premiums or coverage difficulties. The 133.6% price increase since 2013 significantly outpaces local market growth (average 45% in Wilmington since 2013), raising concerns about overvaluation and future appreciation potential.
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
This property is ideal for buyers with household incomes of $100,000+ (based on a 28% front-end DTI ratio). It suits young professionals or small families valuing space and outdoor amenities. The finished basement and enclosed porch offer flexibility for home offices or guest accommodations. Investors seeking long-term appreciation in an established neighborhood could benefit from the below-market price per square foot and potential for value-add improvements.
Not For
Not suitable for buyers sensitive to climate risks, particularly wind and heat. The property may not meet the needs of larger families requiring more than 3 bedrooms or those prioritizing top-rated schools. First-time homebuyers might find the potential for major repairs and higher insurance costs challenging. Not ideal for short-term investors due to the current market position and potential for significant maintenance costs.
Demographics
Area Median Income
$76,982
Property History
Price History
Ownership Timeline
$0Cash Purchase
Jul 21, 2023Tiffany A McmasterTiffany Anne Mcmaster, Revocable Trust Of Tiffany Anne Mcmaster
Intrafamily Transfer
Non-Arm's Length Transactions
$160,500Financed
Dec 14, 2012Peter Hurilla, Fact D Helen HurillaTiffany A Mcmaster
Deed
Standard Sale (Purchase/Resales)
Property Taxes
$2,190
2024 Tax Assessment
9.2%from previous year
Assessed Value$56,100
Tax Rate3.90%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
3.0/10
Below AverageHigh
5.0/10
AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,090
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$375,000
Price/sqft
$197
Layout
3 bd•2 ba
Days on market
44 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$337,667
11.1%
Your price is 11.1% above average
Median Price
$335,000
11.9%
Based on 6 recent sales
Price per Sq.Ft
$178
10.9%
Your price is 10.9% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 818 PARKSIDE BLVD, CLAYMONT, DE 19703 | $335,000 | 1,925 | 4 | 2 | $17411.8% | 12/5/2024 |
| 919 NAUDAIN AVE, CLAYMONT, DE 19703 | $340,000 | 1,800 | 3 | 2 | $1894.3% | 11/21/2024 |
| 2 WILLOW LN, WILMINGTON, DE 19809 | $325,000 | 2,000 | 3 | 2 | $16317.7% | 11/7/2024 |
| 8 DREXEL RD, CLAYMONT, DE 19703 | $320,000 | 1,750 | 3 | 2 | $1837.4% | 11/9/2024 |
| 817 PARKSIDE BLVD, CLAYMONT, DE 19703 | $405,000 | 1,950 | 4 | 2 | $2085.2% | 10/15/2024 |
| 829 CAUSEZ AVE, CLAYMONT, DE 19703 | $301,000 | 1,975 | 3 | 2 | $15222.8% | 10/17/2024 |
818 PARKSIDE BLVD, CLAYMONT, DE 19703
Price: $335,000
Sq.Ft: 1,925
Beds/Baths: 4/2
$/Sq.Ft:
$17411.8%
Sale Date: 12/5/2024
919 NAUDAIN AVE, CLAYMONT, DE 19703
Price: $340,000
Sq.Ft: 1,800
Beds/Baths: 3/2
$/Sq.Ft:
$1894.3%
Sale Date: 11/21/2024
2 WILLOW LN, WILMINGTON, DE 19809
Price: $325,000
Sq.Ft: 2,000
Beds/Baths: 3/2
$/Sq.Ft:
$16317.7%
Sale Date: 11/7/2024
8 DREXEL RD, CLAYMONT, DE 19703
Price: $320,000
Sq.Ft: 1,750
Beds/Baths: 3/2
$/Sq.Ft:
$1837.4%
Sale Date: 11/9/2024
817 PARKSIDE BLVD, CLAYMONT, DE 19703
Price: $405,000
Sq.Ft: 1,950
Beds/Baths: 4/2
$/Sq.Ft:
$2085.2%
Sale Date: 10/15/2024
829 CAUSEZ AVE, CLAYMONT, DE 19703
Price: $301,000
Sq.Ft: 1,975
Beds/Baths: 3/2
$/Sq.Ft:
$15222.8%
Sale Date: 10/17/2024
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