Historic, Character Home, Finished Basement
1910 Wilmington Colonial Twin, Steps from the Park — $139,900
6
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 7 | 1910 Colonial twin, 1575 sqft, hardwood under carpet, functional basement, park access |
| Condition | 25% | 5 | AS-IS estate sale, no system dates, carpet over hardwood, kitchen needs work |
| Price / Sq Ft | 15% | 9 | $89/sqft vs $136/sqft zip median — 35% below; 8 comps, thin but directional |
| Price vs. Market | 5% | 8 | $139,900 vs $239,896 median — 42% below; active zip with 79 sales last month |
| Market Conditions | 5% | 6 | DOM 23 vs median 38; sale-to-list 97.7%; 26% price drops — mild buyer advantage |
The price is what stops you first. The zip median is $239,896. This is $139,900. That's a 42% gap, and it's an estate sale, so the sellers aren't negotiating from sentiment — they priced it to move.
The house is a 1910 Colonial twin, 1,575 square feet, three bedrooms, one bath. It's been lived in for a long time and sold as-is, which means no repairs, no credits, no conversations about the kitchen. You know what you're getting into before you call.
What you're getting into is a 114-year-old house with hardwood floors under the carpet. That detail matters. The bones of this house have held up long enough to still be worth uncovering. Pull the carpet, refinish the floors, and the main living areas already have something going for them without a dollar spent on structure. The basement functions as laundry space and utility, which keeps the main floors clear.
The kitchen needs work. The listing doesn't specify what kind, but the phrase "blank canvas" in estate sale language means plan on spending something there. Whether that's cosmetic or structural, you'd want to know before closing.
Brown-Burton Winchester Park is steps away. That's a real thing in daily life — somewhere to walk to in the morning, a place kids can get to on their own. Public transit is under a mile. The lot is small and low-maintenance, which is either a limitation or a relief depending on what you want from a yard.
There's also a grant program, up to $5,000, for buyers who meet county eligibility requirements. Worth asking about before you close.
This is a project. The condition score reflects that, and the as-is terms confirm it. But at $89 per square foot in a zip where the median is $136, you're paying for the work in advance and then some. A family that can handle a renovation, or an investor who can run the numbers, gets a lot of house for what this costs in Wilmington right now.
