NOT LISTED FOR SALE

1507 Ridge Rd Wilmington, DE 19809

Estimated Value: $419,000 - $516,855

6 Beds
2 Baths
3,475 Sq Ft
$132/Sq Ft Est. Value

Last Sold September 28, 2021

Last sale price $338,000 $97 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,821/month

91 Days on Market

Highlights

  • 1.3 Acre Lot
  • Traditional Floor Plan
  • Wood Flooring
  • Pierre S. Dupont Middle School Rated A-
  • Traditional Architecture
  • No HOA

About This Home

As of September 2021

WE HAVE MULTIPLE OFFERS!! The deadline for buyers to respond to the highest and best request Monday 8/9/2021 at 11:59 PM. Not exactly a diamond in the rough, but perfect for the right buyer! This 1.3 acre 1920's vintage farmhouse with barn, offers tremendous views of the Delaware River from it's widow's watch. This house appears to have been a gem in its day. There's great potential for an experienced contractor. Features include: Living room, formal dining room & den with built-ins. Full bath & laundry/mud room finish off the first floor. On the second floor you will find 4 nice size bedrooms and a 2nd full bath. The third floor has 2 additional bedrooms and a storage area. This property is being Sold AS-IS. No warranties expressed or implied. All inspections are for informational purposes only. Seller will make NO repairs. All cash offers must have proof of funds dated with-in 30 days. All financing offers must be Renovation Loan Only with local lender. Bank addendum required with accepted ofer. Seller will begin reviewing offers August 4th, 2021

Last Listed By

Kathleen Pennington

RE/MAX Elite License #RS270786 Listed on: 05/12/2021

RE/MAX Elite

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,823

Year Built

  • Built in 1920

Lot Details

  • 1.3 Acre Lot
  • Lot Dimensions are 173.40 x 342.70
  • Property is zoned NC10

Parking

  • 2 Car Detached Garage
  • 5 Driveway Spaces
  • Parking Storage or Cabinetry

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Frame Construction

Interior Spaces

  • 3,475 Sq Ft Home
  • Property has 3 Levels
  • Traditional Floor Plan
  • Wet Bar
  • Built-In Features
  • Ceiling Fan
  • Stained Glass
  • Living Room
  • Dining Room
  • Den
  • Stove

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on main level

Unfinished Basement

  • Partial Basement
  • Walk-Up Access
  • Dirt Floor

Outdoor Features

  • Outbuilding
  • Porch

Utilities

  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Holly Oak Subdivision

Listing and Financial Details

  • Tax Lot 045
  • Assessor Parcel Number 06-116.00-045

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,823

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: As-Is, Where Is
  • Home Warranty: No
  • Inclusions: As-Is, Where Is
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Building Winterized: Yes
  • Remarks Public: WE HAVE MULTIPLE OFFERS!! The deadline for buyers to respond to the highest and best request Monday 8/9/2021 at 11:59 PM. Not exactly a diamond in the rough, but perfect for the right buyer! This 1.3 acre 1920's vintage farmhouse with barn, offers tremendous views of the Delaware River from it's widow's watch. This house appears to have been a gem in its day. There's great potential for an experienced contractor. Features include: Living room, formal dining room & den with built-ins. Full bath & laundry/mud room finish off the first floor. On the second floor you will find 4 nice size bedrooms and a 2nd full bath. The third floor has 2 additional bedrooms and a storage area. This property is being Sold AS-IS. No warranties expressed or implied. All inspections are for informational purposes only. Seller will make NO repairs. All cash offers must have proof of funds dated with-in 30 days. All financing offers must be Renovation Loan Only with local lender. Bank addendum required with accepted ofer. Seller will begin reviewing offers August 4th, 2021
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Stove
  • Flooring Type: Carpet, Hardwood, Vinyl
  • Interior Amenities: Built-Ins, Carpet, Ceiling Fan(s), Floor Plan - Traditional, Stall Shower, Stain/Lead Glass, Walk-In Closet(s), Wet/Dry Bar, Wood Floors
  • Fireplace: No
  • Levels Count: 3
  • Room Count: 12
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Den, Bedroom 1, Laundry, Bedroom 6, Bathroom 1, Bathroom 2
  • Basement: Yes
  • Basement Type: Partial, Walkout Stairs, Unfinished, Poured Concrete, Dirt Floor
  • Laundry Type: Main Floor
  • Total Sq Ft: 3475
  • Living Area Sq Ft: 3475
  • Price Per Sq Ft: 91.65
  • Above Grade Finished Sq Ft: 3475
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1507

Beds/Baths

  • Bedrooms: 6
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Outbuilding(s)
  • Spa: No
  • 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
  • Parking Features: Asphalt Driveway
  • Garage Features: Additional Storage Area, Covered Parking
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 7
  • Type Of Parking: Driveway, Detached Garage
  • Number of Spaces in Driveway: 5

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: BRANDYWINE
  • School District Key: 300200396892
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 61400.00
  • Land Assessed Value: 18400.00
  • Lot Size Acres: 1.30
  • Lot Dimensions: 173.40 x 342.70
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 56628.00
  • Outdoor Living Structures: Porch(es)
  • Year Assessed: 2021
  • Zoning: NC10
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2243858
  • School Tax: 2161.00
  • Tax Annual Amount: 2823.00
  • Assessor Parcel Number: 06-116.00-045
  • Tax Lot: 045
  • Tax Total Finished Sq Ft: 3475
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 09/28/2021

MLS Schools

  • School District Name: BRANDYWINE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2021
Closed on
Aug 23, 2021
Sold by
U S Bank Trust Na
Bought by
Johnson Joshua Lee Walace
Seller's Agent
Kathleen Pennington
RE/MAX Elite
Buyer's Agent
Patrick Pennington
RE/MAX Elite
List Price
$338,000
Sold Price
$338,000
Total Days on Market
91
Current Estimated Value
$457,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,464
Avg. Annual Appreciation
8.62%
Original Mortgage
$441,220
Outstanding Balance
$405,828
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$51,636

Purchase Details

Closed on
Jun 16, 2021
Sold by
Mosuly Bridget D and Mosuly James G
Bought by
U S Bank Trust National Association

Purchase Details

Closed on
Aug 1, 1979
Bought by
Mosuly James G and Mosuly Bridget D

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
Johnson Joshua Lee Walace $338,000 Servicelink Llc
Firstkey Master Funding 2021-A Collateraltrus -- Mindy Leetham Select Portfolio
U S Bank Trust National Association $390,000 None Available
Mosuly James G $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Joshua Lee Walace $441,220
Previous Owner Mosuly James G $504,000
Previous Owner Mosuly James G $427,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2021 09/28/21 Sold $338,000 +6.1% $97 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
07/28/2021 07/28/21 Price Changed $318,500 -2.9% $92 / Sq Ft
07/21/2021 07/21/21 Price Changed $328,000 -3.0% $94 / Sq Ft
07/09/2021 07/09/21 For Sale $338,000 0.0% $97 / Sq Ft
05/26/2021 05/26/21 Pending -- -- --
05/12/2021 05/12/21 For Sale $338,000 -- $97 / 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 $3,115 $79,800 $18,400 $61,400
2023 $2,854 $79,800 $18,400 $61,400
2022 $2,888 $79,800 $18,400 $61,400
2021 $2,886 $79,800 $18,400 $61,400
2020 $1,705 $79,800 $18,400 $61,400
2019 $1,718 $79,800 $18,400 $61,400
2018 $36 $79,800 $18,400 $61,400
2017 $1,591 $79,800 $18,400 $61,400
2016 $1,591 $79,800 $18,400 $61,400
2015 $1,462 $79,800 $18,400 $61,400
2014 $1,462 $79,800 $18,400 $61,400
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Pennington

    Seller's Agent in 2021

    Kathleen Pennington

    RE/MAX

    (302) 530-1735

    7 in this area

    109 Total Sales

    Kathleen Pennington
    Section Image

  • P

    Seller Co-Listing Agent in 2021

    Patrick Pennington

    RE/MAX

    (302) 593-7024

    7 in this area

    95 Total Sales

    Patrick Pennington
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DENC526328

Bright MLS

APN: 06-116.00-045

Delaware New Castle County Wilmington 19809

1507 Ridge Rd, Wilmington, DE

Homes for Sale in Wilmington, DE

This home is located at 1507 Ridge Rd, Wilmington, DE 19809 since 12 May 2021 and is currently estimated at $457,464, approximately $131 per square foot. This property was built in 1920. 1507 Ridge Rd is a home located in New Castle County with nearby schools including Maple Lane Elementary School, Pierre S. Dupont Middle School, and Mount Pleasant High School.

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