NOT LISTED FOR SALE

1282 Madison Ln Hockessin, DE 19707

Estimated Value: $475,000 - $553,000

3 Beds
3.5 Baths
2,700 Sq Ft
$191/Sq Ft Est. Value

Last Sold September 07, 2022

Last sale price $480,000 $178 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,153/month

24 Days on Market

Highlights

  • Open Floorplan
  • Traditional Architecture
  • Wood Flooring
  • North Star Elementary School Rated A
  • Backs to Trees or Woods
  • Attic

About This Home

As of September 2022

**Open House Sunday, June 19th from 12-2pm**
Welcome to 1282 Madison Lane, located in the beautiful and sought after Hockessin community of Traditions at Pike Creek! This home features 3 bedrooms and 3.5 bathrooms and is only 6 years young. Notice how the bold multicolor stone front of this home pops out from the rest! When you enter the home you will be greeted by gleaming hardwood floors that flow beautifully into the living and dining room area. The eat-in kitchen comes complete with granite countertops, stainless steel appliances and gas cooking range, with seating along the extended peninsula countertop area perfect for entertaining guests. The first floor features an open concept floor plan from the kitchen to the family room, with a 4-foot extension for additional living space. Step outside from the breakfast room leading you to a maintenance free composite deck featuring a private wooded rear lot. On the second level, the large master bedroom awaits complete with a vaulted ceiling, walk-in closet and full bathroom. Make your way to the front of the home where you will find two perfectly sized bedrooms, a full bath and laundry room. Complete your tour in the finished basement where you'll find a large great room with plenty of natural light from the abundant windows and egress. The basement also features an additional full bathroom and plenty of storage. If you want to be a part of the Hockessin community where shopping, restaurants, athletic clubs, parkland and entertainment are all at your fingertips, then this is the home for you! Schedule your tour today!

Last Agent to Sell the Property

Michael Terranova

Keller Williams Realty Wilmington License #RS338692 Listed on: 06/17/2022

Keller Williams Realty Wilmington

Last Buyer's Agent

Priscilla Anselm

Keller Williams Realty Wilmington License #RS-0023775

Keller Williams Realty Wilmington

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,995

Year Built

  • Built in 2016

Lot Details

  • 1,742 Sq Ft Lot
  • East Facing Home
  • Backs to Trees or Woods
  • Property is in excellent condition

HOA Fees

  • $54 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • 4 Driveway Spaces
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Poured Concrete
  • Shingle Roof
  • Architectural Shingle Roof
  • Aluminum Siding
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • 2,700 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Dining Area
  • Attic

Kitchen

  • Dishwasher
  • Upgraded Countertops

Flooring

  • Wood
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Finished Basement

  • Sump Pump
  • Basement Windows

Schools

  • Cooke Elementary School
  • Henry B. Du Pont Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Programmable Thermostat
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Level Entry For Accessibility
  • Rain Gutters

Community Details

  • Trad At Pike Creek Subdivision

Listing and Financial Details

  • Tax Lot 385
  • Assessor Parcel Number 08-030.10-385

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,995

Year Built

Built in 2016

Lot Details

0

HOA Fees

$54 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2022-06-18
  • Year Built: 2016
  • Automatically Close On Close Date: No
  • Remarks Public: **Open House Sunday, June 19th from 12-2pm** Welcome to 1282 Madison Lane, located in the beautiful and sought after Hockessin community of Traditions at Pike Creek! This home features 3 bedrooms and 3.5 bathrooms and is only 6 years young. Notice how the bold multicolor stone front of this home pops out from the rest! When you enter the home you will be greeted by gleaming hardwood floors that flow beautifully into the living and dining room area. The eat-in kitchen comes complete with granite countertops, stainless steel appliances and gas cooking range, with seating along the extended peninsula countertop area perfect for entertaining guests. The first floor features an open concept floor plan from the kitchen to the family room, with a 4-foot extension for additional living space. Step outside from the breakfast room leading you to a maintenance free composite deck featuring a private wooded rear lot. On the second level, the large master bedroom awaits complete with a vaulted ceiling, walk-in closet and full bathroom. Make your way to the front of the home where you will find two perfectly sized bedrooms, a full bath and laundry room. Complete your tour in the finished basement where you'll find a large great room with plenty of natural light from the abundant windows and egress. The basement also features an additional full bathroom and plenty of storage. If you want to be a part of the Hockessin community where shopping, restaurants, athletic clubs, parkland and entertainment are all at your fingertips, then this is the home for you! Schedule your tour today!
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer, Water Heater
  • Flooring Type: Hardwood, Luxury Vinyl Plank, Ceramic Tile
  • Interior Amenities: Ceiling Fan(s), Dining Area, Floor Plan - Open, Upgraded Countertops, Walk-In Closet(s), Wood Floors, Attic, Recessed Lighting
  • Foundation Details: Slab
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Windows, Sump Pump, Poured Concrete, Fully Finished
  • Total Sq Ft: 2700
  • Living Area Sq Ft: 2700
  • Price Per Sq Ft: 179.63
  • Above Grade Finished Sq Ft: 2700
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1282

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Stone, Aluminum Siding
  • Exterior Features: Gutter System, Street Lights, Sidewalks
  • Roof: Architectural Shingle, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 9
  • Type Of Parking: Attached Garage, Driveway, Off Street
  • Number of Spaces in Driveway: 4
  • Off Street Parking Spaces: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Programmable Thermostat
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Sewer Available, Water Available, Natural Gas Available, Electric Available, Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 650.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: RED CLAY CONSOLIDATED
  • Elementary School: COOKE
  • Middle School: HENRY B. DU PONT
  • Elementary School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396545
  • School District Source: Listing Agent
  • Elementary School: COOKE
  • Middle Or Junior School: HENRY B. DU PONT

Lot Info

  • Lot Features: Backs To Trees
  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: ST
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 2240.00
  • Tax Annual Amount: 2995.00
  • Assessor Parcel Number: 08-030.10-385
  • Tax Lot: 385
  • Tax Total Finished Sq Ft: 2700
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 09/07/2022

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2022
Closed on
Aug 27, 2022
Sold by
Srinivas Putcha
Bought by
Kulkarni Rajlakshman and Pooja Tavag
Seller's Agent
Michael Terranova
Keller Williams Realty Wilmington
Buyer's Agent
Priscilla Anselm
Keller Williams Realty Wilmington
List Price
$485,000
Sold Price
$480,000
Premium/Discount to List
-$5,000
-1.03%
Current Estimated Value
$515,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,588
Avg. Annual Appreciation
2.18%
Original Mortgage
$384,000
Outstanding Balance
$367,294
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
$144,385

Purchase Details

Closed on
Jun 20, 2016
Sold by
Nvr Inc
Bought by
Putcha Srinivas and Lakkaraju Saibala

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,632
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 2016
Sold by
Traditions At Pike Creek Llc
Bought by
Nvr Inc
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Kulkarni Rajlakshman -- --
Putcha Srinivas $397,135 None Available
Nvr Inc -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kulkarni Rajlakshman $384,000
Previous Owner Putcha Srinivas $284,500
Previous Owner Putcha Srinivas $317,632
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2022 09/07/22 Sold $480,000 -1.0% $178 / Sq Ft
07/11/2022 07/11/22 Pending -- -- --
06/17/2022 06/17/22 For Sale $485,000 -- $180 / 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 $3,485 $90,800 $15,700 $75,100
2023 $3,101 $90,800 $15,700 $75,100
2022 $3,122 $90,800 $15,700 $75,100
2021 $3,120 $90,800 $15,700 $75,100
2020 $3,130 $90,800 $15,700 $75,100
2019 $3,485 $90,800 $15,700 $75,100
2018 $253 $90,800 $15,700 $75,100
2017 $124 $90,300 $15,700 $74,600
2016 $124 $3,900 $3,900 $0
2015 $117 $3,900 $3,900 $0
2014 $103 $3,900 $3,900 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2025614

Bright MLS

APN: 08-030.10-385