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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

104 Somerset Rd Talleyville, DE 19803

4 Beds 3 Baths 2,668 sqft Built 1985
Last updated:  Nov 28, 2019

INVESTimate

$608,057

$587K - $629K

Price Est.

$2,497

$2.3K - $2.7K

Rent Est.

$618,698  ( +1.75%)   1 YR EST. FORECAST
  
  
  

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104 Somerset Rd PROPERTY INFO

FACTS
  • Built In 1985
  • Price/Sqft : $227.91
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,668 sqft
  • Baths : 2 Full 1 Half

104 Somerset Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LOMBARDY ELEMENTARY SCHOOL Primary Regular 532 34 9
SPRINGER MIDDLE SCHOOL Middle Regular 818 60 6
BRANDYWINE HIGH SCHOOL High Regular 999 71 NA

LOMBARDY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 532
  • # of teachers: 34
9
GreatSchools Rating

SPRINGER MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 818
  • # of teachers: 60
6
GreatSchools Rating

BRANDYWINE HIGH SCHOOL

  • Education Level: High
  • # of students: 999
  • # of teachers: 71
0
GreatSchools Rating
 

Financial Details

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Neighborhood

Alapocas

  • 572

    POPULATION
  • 250

    HOUSEHOLDS
  • 94.5%

    WHITE COLLAR

Neighborhood : Alapocas

HOUSEHOLDS
250
POPULATION

572

10.8%Renters
89.2%Home Owners
LABOR FORCE

 

94.5%White Collar
5.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 89% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,497 per month.

MY RENT : $2,497 MEDIAN RENT : $2,415

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 11.2%
>=$1,500 88.8%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $2,497 would therefore be considered affordable for annual household incomes greater than $99,880 (12 months x 3.333 x $2,497).

Rent % Affordability
Above $500 89.9%
Above $700 89.9%
Above $1,100 70.2%
Above $1,500 63.7%
Above $1,900 58.9%
HOUSEHOLD INCOME RANGE

Approximately 124 of households in this neighborhood have a total annual income of $99,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,497 per month.

MINIMUM INCOME RANGE : $99,880

Income % Distribution
<$20K 10.1%
$20K-$35K 6.9%
$35K-$60K 19.4%
$60K-$100K 13.7%
>=$100K 50.0%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 37% has a commute time of 14 minutes or less and 0% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 11.8%
10-14 mins 25.5%
15-19 mins 26.6%
20-29 mins 28.8%
30-44 mins 7.4%
45-59 mins 0.0%
>60 mins 0.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 89% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,497 per month.

MY RENT : $2,497 MEDIAN RENT : $2,415

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 11.2%
>=$1,500 88.8%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $2,497 would therefore be considered affordable for annual household incomes greater than $99,880 (12 months x 3.333 x $2,497).

Rent % Affordability
Above $500 89.9%
Above $700 89.9%
Above $1,100 70.2%
Above $1,500 63.7%
Above $1,900 58.9%
HOUSEHOLD INCOME RANGE

Approximately 124 of households in this neighborhood have a total annual income of $99,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,497 per month.

MINIMUM INCOME RANGE : $99,880

Income % Distribution
<$20K 10.1%
$20K-$35K 6.9%
$35K-$60K 19.4%
$60K-$100K 13.7%
>=$100K 50.0%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 37% has a commute time of 14 minutes or less and 0% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 11.8%
10-14 mins 25.5%
15-19 mins 26.6%
20-29 mins 28.8%
30-44 mins 7.4%
45-59 mins 0.0%
>60 mins 0.0%

Alapocas Demographics

INDUSTRY

Industry % Distribution
Educational Services 14.1%
Financial Industries 7.7%
Health Care & Social Assistance 23.5%
Manufacturing 5.4%
Professional & Scientific Tech Services 17.8%
Retail & Wholesale Trader 15.1%
Other 16.4%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 17% is 24 or younger and 30% is 65 or older.

Age % Distribution
<15 10.3%
15-19 2.1%
20-24 4.5%
25-44 15.6%
45-65 37.9%
66+ 29.5%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.7%
Healthcare 12.4%
Legal 16.3%
Management, Business, & Financial 23.0%
Sales & Office 29.7%
Social 6.7%
Other 4.3%
HIGHEST EDUCATION LEVEL

57% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.1%
Doctorate 11.5%
Masters Degree 28.5%
Professional 10.6%
Some College 6.3%
Other 37.1%

104 Somerset Rd Comps

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104 Somerset Rd, Talleyville, DE 19803 is a single family home of 2,668 sqft. HomeUnion INVESTimateĀ® for 104 Somerset Rd includes a Price Estimate of $608,057 and a Rent Estimate of $2,497. This single family home has 4 bedrooms,3 bathrooms, and was built in 1985. This property has an estimated 15 year annualized Yield of 4.93% and Total Return of 3.48%. The estimated 1 year forecast in home value for 104 Somerset Rd is 1.75%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in DE , NEW CASTLE County , or the 19803 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 19802
  2. 19806
  3. 19801
  4. 19805
  5. 19807
  6. 19809
  7. 19732