NOT LISTED FOR SALE

1516 Binder Ln Wilmington, DE 19805

Estimated Value: $260,000 - $331,000

4 Beds
1 Bath
1,325 Sq Ft
$217/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $185,000 $140 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $1,630/month

Highlights

  • Cape Cod Architecture
  • Eat-In Kitchen
  • Central Air
  • No HOA
  • Patio
  • 5-minute walk to Willow Run Park

About This Home

As of April 2021

Sold before processing. Seller was a licensed real estate broker.

Last Agent to Sell the Property

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office Listed on: 05/12/2021

Last Buyer's Agent

Stephen Marcus

(302) 299-8711 stephen@marcus.realestate Brokers Realty Group, LLC License #RB-0020859

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,145

Year Built

  • Built in 1950

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 49.00 x 126.30
  • Property is zoned NC6.5

Parking

  • On-Street Parking

Home Design

  • Cape Cod Architecture
  • Stucco

Interior Spaces

  • 1,325 Sq Ft Home
  • Property has 1.5 Levels
  • Carpet
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 1 Full Bathroom

Outdoor Features

  • Patio

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Willow Run Subdivision

Listing and Financial Details

  • Tax Lot 385
  • Assessor Parcel Number 07-035.30-385

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,145

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1950
  • Remarks Public: Sold before processing. Seller was a licensed real estate broker.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Carpet, Kitchen - Eat-In
  • Fireplace: No
  • Levels Count: 1.5
  • Basement: No
  • Total Sq Ft: 1325
  • Living Area Sq Ft: 1325
  • Price Per Sq Ft: 139.62
  • Above Grade Finished Sq Ft: 1325
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1516

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco, Concrete
  • Exterior Features: Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • 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: RED CLAY CONSOLIDATED
  • School District Key: 300200396545
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 27300.00
  • Land Assessed Value: 7300.00
  • Lot Size Acres: 0.18
  • Lot Dimensions: 49.00 x 126.30
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7841.00
  • Outdoor Living Structures: Patio(s)
  • Year Assessed: 2020
  • Zoning: NC6.5
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2254987
  • School Tax: 858.00
  • Tax Annual Amount: 1145.00
  • Assessor Parcel Number: 07-035.30-385
  • Tax Lot: 385
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 04/30/2021

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2021
Closed on
Apr 30, 2021
Sold by
Faulkland Paradigm Llc
Bought by
Pinto Matthew R
Seller's Agent
datacorrect BrightMLS
Non Subscribing Office
Buyer's Agent
Stephen Marcus
Brokers Realty Group, LLC
List Price
$185,000
Sold Price
$185,000
Current Estimated Value
$287,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,947
Avg. Annual Appreciation
8.20%
Original Mortgage
$181,649
Outstanding Balance
$166,358
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$95,580

Purchase Details

Closed on
Feb 7, 2007
Sold by
J & S Gerson Family Lp
Bought by
Faulkland Paradigm Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,500
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Pinto Matthew R $185,000 None Available
Faulkland Paradigm Llc $40,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pinto Matthew R $181,649
Previous Owner Faulkland Paradigm Llc $162,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2021 05/12/21 For Sale $185,000 0.0% $140 / Sq Ft
04/30/2021 04/30/21 Sold $185,000 +14700.0% $140 / Sq Ft
03/16/2021 03/16/21 Pending -- -- --
11/16/2012 11/16/12 Rented $1,250 -2.0% --
11/15/2012 11/15/12 Under Contract -- -- --
09/30/2012 09/30/12 For Rent $1,275 -- --
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 $1,312 $34,600 $7,300 $27,300
2023 $1,162 $34,600 $7,300 $27,300
2022 $1,169 $34,600 $7,300 $27,300
2021 $1,169 $34,600 $7,300 $27,300
2020 $1,165 $34,600 $7,300 $27,300
2019 $1,644 $34,600 $7,300 $27,300
2018 $494 $34,600 $7,300 $27,300
2017 $1,082 $34,600 $7,300 $27,300
2016 $1,082 $34,600 $7,300 $27,300
2015 $1,015 $34,600 $7,300 $27,300
2014 $1,442 $34,600 $7,300 $27,300
Source: Public Records

Agents Affiliated with this Home

  • Stephen Marcus

    Buyer's Agent in 2021

    Stephen Marcus

    Brokers Realty Group, LLC

    (302) 299-8711

    5 in this area

    169 Total Sales

    Stephen Marcus
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Map

Source: Bright MLS

MLS Number: DENC526534

Bright MLS

APN: 07-035.30-385

Delaware New Castle County Wilmington 19805

1516 Binder Ln, Wilmington, DE

This home is located at 1516 Binder Ln, Wilmington, DE 19805 since 12 May 2021 and is currently estimated at $287,947, approximately $217 per square foot. This property was built in 1950. 1516 Binder Ln is a home located in New Castle County with nearby schools including Austin D. Baltz Elementary School, Alexis I. du Pont Middle School, and Thomas McKean High School.

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