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9 Orchard Ln
Wilmington, DE

9 Orchard Ln

$375,000
3 bd • 2 ba • 1,900 sf

This analysis was generated by artificial intelligence 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

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Risk Assessment

Climate Risks

heatSEVERE

7 extreme heat days per year

98th percentile: 103°F

windMAJOR

Insurance: Required

airMODERATE

2 bad air quality days per year

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

fireMINIMAL

Insurance: Optional

Risk Analysis

The major wind risk (6/10) poses significant insurance and potential damage concerns. The severe heat risk (7/10) may lead to increased cooling costs and potential HVAC strain. The 133.6% price appreciation since 2013 far exceeds market norms, raising questions about sustainable valuation. Potential asbestos and lead paint risks due to the 1952 construction require thorough inspection. The pool, while an asset, increases liability and maintenance costs. The air quality risk (3/10) and 2 bad air days per year could impact outdoor enjoyment and health considerations.
Insurance
Annual Cost

$1,350

$113 per month

Financials

Monthly Costs

Price History

Property Taxes

$2,190
2024 Tax Assessment
9.2%from previous year
Assessed Value$56,100
Tax Rate3.90%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$337,667

-10.0% below list price

Median Price

$335,000

Based on 6 recent sales

Price per Sq.Ft

$178

Comparable Properties

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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