NOT LISTED FOR SALE

11 Reese Dr Newark, DE 19711

Estimated Value: $641,000 - $995,000

5 Beds
4.5 Baths
3,693 Sq Ft
$231/Sq Ft Est. Value

Last Sold November 21, 2014

Last sale price $640,000 $173 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $5,246/month

Highlights

  • Colonial Architecture
  • Deck
  • Wood Flooring
  • North Star Elementary School Rated A
  • Cathedral Ceiling
  • Attic

About This Home

As of November 2014

Priced at appraised value. Resting on a little over an acre in the sought after community of Merestone, this home provides a private haven to return to at the end of the day. Upon entering the front door of this exquisitely designed residence, guests feel welcomed into a grand retreat that exudes both grace and style. This home, with expansive rear deck and patio, as well as front patio, masterfully connects the indoors and outdoors creating a dazzling year-round retreat. Open floor plan, soaring cathedral ceilings, and gleaming hardwood floors are only some of the desirable features found in this lovely home. Large picture windows and skylights allow vast amounts of natural light to brighten rooms. The well-appointed eat in kitchen features a large center island, separate desk area, peninsula with seating, ample cabinet and counter space, and butlers pantry. Entertaining is a dream in the formal dining room with two built-in cabinets with lighting and French doors that lead to the front patio. The main level study with gas fireplace and built-in shelving is a comfortable place from which to do business. Further examination leads to the main level owners suite with two walk-in closets, one double closet, and full bath with double vanity, and corner jetted soaking tub. The allure of this home continues to the upper level, with two private suites each with their own full bath. Two additional upper level bedrooms, hall bath, and ample closet and storage spaces provide plenty of room to accommodate a variety of needs. Location convenient to restaurants and shops and major access routes. Just minutes from Hockessin, Newark, Pike Creek, and more!

Last Agent to Sell the Property

Jan Patrick

(484) 883-4532 jan@janpatrick.com Compass License #RS-0009488 Listed on: 07/07/2014

Compass

Last Buyer's Agent

Katina Geralis

(302) 383-5412 kat@kghometeam.com EXP Realty, LLC License #R3-0020328

EXP Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,871

Year Built

  • Built in 1991

Lot Details

  • 1.16 Acre Lot
  • Cul-De-Sac
  • Property is in good condition
  • Property is zoned NC21

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 3 Open Parking Spaces
  • Driveway
  • On-Street Parking

Home Design

  • Colonial Architecture
  • Pitched Roof
  • Shingle Roof
  • Wood Siding
  • Stone Siding
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • Property has 2 Levels
  • Wet Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • 2 Fireplaces
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Home Security System
  • Attic

Kitchen

  • Eat-In Kitchen
  • Built-In Double Oven
  • Cooktop
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Deck
  • Patio

Schools

  • North Star Elementary School
  • Henry B. Du Pont Middle School
  • John Dickinson High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Back Up Gas Heat Pump System
  • Natural Gas Water Heater
  • On Site Septic
  • Cable TV Available

Community Details

  • Merestone Subdivision

Listing and Financial Details

  • Tax Lot 72
  • Assessor Parcel Number 08-022.20-072

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,871

Year Built

Built in 1991

Lot Details

0

HOA Fees

$25 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Please See Inclusions/Exclusions Addendum.
  • Inclusions: Please See Inclusions/Exclusions Addendum.
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1991
  • Remarks Public: Priced at appraised value. Resting on a little over an acre in the sought after community of Merestone, this home provides a private haven to return to at the end of the day. Upon entering the front door of this exquisitely designed residence, guests feel welcomed into a grand retreat that exudes both grace and style. This home, with expansive rear deck and patio, as well as front patio, masterfully connects the indoors and outdoors creating a dazzling year-round retreat. Open floor plan, soaring cathedral ceilings, and gleaming hardwood floors are only some of the desirable features found in this lovely home. Large picture windows and skylights allow vast amounts of natural light to brighten rooms. The well-appointed eat in kitchen features a large center island, separate desk area, peninsula with seating, ample cabinet and counter space, and butlers pantry. Entertaining is a dream in the formal dining room with two built-in cabinets with lighting and French doors that lead to the front patio. The main level study with gas fireplace and built-in shelving is a comfortable place from which to do business. Further examination leads to the main level owners suite with two walk-in closets, one double closet, and full bath with double vanity, and corner jetted soaking tub. The allure of this home continues to the upper level, with two private suites each with their own full bath. Two additional upper level bedrooms, hall bath, and ample closet and storage spaces provide plenty of room to accommodate a variety of needs. Location convenient to restaurants and shops and major access routes. Just minutes from Hockessin, Newark, Pike Creek, and more!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Oven - Wall, Oven - Double, Dishwasher
  • Flooring Type: Wood, Fully Carpeted, Tile/Brick
  • Interior Amenities: Primary Bath(s), Kitchen - Island, Skylight(s), Ceiling Fan(s), Wet/Dry Bar, Kitchen - Eat-In
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Wall Ceiling Types: Cathedral Ceilings, 9'+ Ceilings, High
  • Entry Location: Foyer
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry, Attic
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Laundry Type: Main Floor
  • Street Number Modifier: 11

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Construction Materials: Stucco, Wood Siding, Stone
  • Construction Completed: No
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 3
  • Parking Features: Street
  • Garage Features: Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: On Street, Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Heat Pump - Gas Backup, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: On Site Septic
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 300.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes

Schools

  • School District: RED CLAY CONSOLIDATED
  • Elementary School: NORTH STAR
  • Middle School: HENRY B. DU PONT
  • High School: JOHN DICKINSON
  • School District Key: 300200396545
  • Elementary School: NORTH STAR
  • High School: JOHN DICKINSON
  • Middle Or Junior School: HENRY B. DU PONT

Lot Info

  • Lot Features: Cul-De-Sac
  • Lot Size Acres: 1.16
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 50530.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Property Condition: Good
  • Zoning: NC21

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2270389
  • Tax Annual Amount: 5871.00
  • Assessor Parcel Number: 08-022.20-072
  • Tax Lot: 72
  • Tax Year: 2013
  • Close Date: 11/21/2014

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2014
Closed on
Nov 21, 2014
Sold by
Rohrbaugh Jacquelyn
Bought by
Chankov Chavdar and Pranarova Emilia
Seller's Agent
Jan Patrick
Compass
Buyer's Agent
Katina Geralis
EXP Realty, LLC
List Price
$729,900
Sold Price
$640,000
Premium/Discount to List
-$89,900
-12.32%
Current Estimated Value
$854,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,180
Avg. Annual Appreciation
2.69%
Original Mortgage
$512,000
Outstanding Balance
$391,194
Interest Rate
3.93%
Mortgage Type
New Conventional
Estimated Equity
$462,986
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chankov Chavdar $480,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chankov Chavdar $512,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2014 11/21/14 Sold $640,000 -5.2% $173 / Sq Ft
10/16/2014 10/16/14 Pending -- -- --
09/04/2014 09/04/14 Price Changed $674,900 -3.6% $183 / Sq Ft
08/21/2014 08/21/14 Price Changed $699,900 -2.1% $190 / Sq Ft
07/30/2014 07/30/14 Price Changed $715,000 -2.0% $194 / Sq Ft
07/07/2014 07/07/14 For Sale $729,900 -- $198 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,299 $224,600 $29,600 $195,000
2023 $7,321 $224,600 $29,600 $195,000
2022 $7,408 $224,600 $29,600 $195,000
2021 $7,407 $224,600 $29,600 $195,000
2020 $7,431 $224,600 $29,600 $195,000
2019 $7,420 $224,600 $29,600 $195,000
2018 $7,272 $224,600 $29,600 $195,000
2017 $7,184 $224,600 $29,600 $195,000
2016 $6,861 $224,600 $29,600 $195,000
2015 $6,428 $224,600 $29,600 $195,000
2014 $5,449 $224,600 $29,600 $195,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002996768

Bright MLS

APN: 08-022.20-072