NOT LISTED FOR SALE

16 Reese Dr Newark, DE 19711

Estimated Value: $833,371

5 Beds
4.5 Baths
6,137 Sq Ft
$136/Sq Ft Est. Value

Last Sold January 18, 2022

Last sale price $845,000 $138 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $5,055/month

6 Days on Market

Highlights

  • Pool and Spa
  • Waterfall on Lot
  • Curved or Spiral Staircase
  • North Star Elementary School Rated A
  • Open Floorplan
  • Deck

About This Home

As of January 2022

Set on a stunning and serene .8 acre lot in the much desired Merestone neighborhood in Newark sits this pristine colonial home with high end updates throughout. As you enter into the sprawling 2-story foyer with curved staircase, you will immediately notice hardwood floors that run throughout much of this home. The first floor boasts a formal living room with fireplace and pocket doors to the formal dining room, a private office with patio access, updated powder room and a large laundry/mudroom with access to the 3-car garage. A spacious eat-in kitchen with custom white cabinets, large center island, granite countertops, high-end appliances and butlers pantry opens to the 2-story family room with stone fireplace, custom moldings and deck access. The second level features a luxurious master retreat with a large bedroom, walk-in closets with custom shelving system, master bath with soaking tub and double vanity. There are 3 additional guest bedrooms – one with a private full bath as well as a full bath in the hallway. The finished lower level features a game room, gym, theater, wine room and 5th bedroom with full bath. The rear yard is an entertainers dream. It features patio with in-ground pool and spa, pergola, and large raised deck. This beautifully maintained home offers solitude and privacy while enjoying close proximity to all that the area has to offer.

Last Agent to Sell the Property

Victoria Dickinson

(302) 429-4500 jfuentes@psre.com Patterson-Schwartz - Greenville License #R5-210113L Listed on: 09/23/2021

Patterson-Schwartz - Greenville

Last Buyer's Agent

Victoria Dickinson

(302) 429-4500 jfuentes@psre.com Patterson-Schwartz - Greenville License #R5-210113L Listed on: 09/23/2021

Patterson-Schwartz - Greenville

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,725

Year Built

  • Built in 1991

Lot Details

  • 0.81 Acre Lot
  • Extensive Hardscape
  • Property is zoned NC21

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Traditional Architecture
  • Block Foundation
  • Stone Siding
  • Stucco

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • Curved or Spiral Staircase
  • Built-In Features
  • Crown Molding
  • Recessed Lighting
  • 1 Fireplace
  • Family Room Off Kitchen
  • Formal Dining Room
  • Finished Basement
  • Walk-Out Basement
  • Laundry on main level

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Butlers Pantry
  • Kitchen Island
  • Upgraded Countertops
  • Wine Rack

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Cedar Closet
  • Walk-In Closet

Pool

  • Pool and Spa
  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Deck
  • Patio
  • Waterfall on Lot
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • On Site Septic

Community Details

  • Merestone Subdivision

Listing and Financial Details

  • Assessor Parcel Number 08-022.20-060

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,725

Year Built

Built in 1991

Lot Details

0

HOA Fees

$4 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Washer/dryer, all mounted TVs
  • Inclusions: Kitchen fridge, all window treatments, mounting brackets for TVs
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1991
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Area, Built-Ins, Butlers Pantry, Carpet, Cedar Closet(s), Crown Moldings, Curved Staircase, Family Room Off Kitchen, Floor Plan - Open, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Island, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Walk-In Closet(s), Wine Storage, Wood Floors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Fully Finished, Walkout Level
  • Laundry Type: Main Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 6137
  • Living Area Sq Ft: 6137
  • Price Per Sq Ft: 204.90
  • Above Grade Finished Sq Ft: 4368
  • Below Grade Finished Sq Ft: 1769
  • Total Below Grade Sq Ft: 1769
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stone, Stucco
  • Exterior Features: Extensive Hardscape, Exterior Lighting, Gutter System, Water Falls
  • Pool Features: Fenced, In Ground, Pool/Spa Combo
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry, Garage Door Opener, Inside Access
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: On Site Septic
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 50.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Land Lease: No
  • Lot Size Acres: 0.81
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 35284.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Zoning: NC21
  • In City Limits: No

Rental Info

  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 2270377
  • Tax Annual Amount: 6725.00
  • Assessor Parcel Number: 08-022.20-060
  • Tax Year: 2021

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2021
Closed on
Jan 12, 2022
Sold by
Marcozzi Guy F
Bought by
Nguyen Tee and Nguyen Carolyn
Seller's Agent
Victoria Dickinson
Patterson-Schwartz - Greenville
Buyer's Agent
Victoria Dickinson
Patterson-Schwartz - Greenville
List Price
$895,000
Sold Price
$845,000
Premium/Discount to List
-$50,000
-5.59%
Current Estimated Value
$833,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,629
Avg. Annual Appreciation
0.88%
Original Mortgage
$591,500
Outstanding Balance
$545,141
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$329,995

Purchase Details

Closed on
Jun 29, 2001
Sold by
Elson Karen B
Bought by
Marcozzi Guy F and Marcozzi Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,000
Interest Rate
7.14%
Source: Public Records
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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
Nguyen Tee -- None Listed On Document
Marcozzi Guy F $645,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Tee $591,500
Previous Owner Marcozzi Guy F $398,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2022 01/18/22 Sold $845,000 -5.6% $138 / Sq Ft
09/30/2021 09/30/21 Pending -- -- --
09/23/2021 09/23/21 For Sale $895,000 -- $146 / Sq Ft
Source: Bright MLS

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 $7,534 $203,900 $27,800 $176,100
2023 $6,646 $203,900 $27,800 $176,100
2022 $6,725 $203,900 $27,800 $176,100
2021 $6,725 $203,900 $27,800 $176,100
2020 $0 $203,900 $27,800 $176,100
2019 $6,736 $203,900 $27,800 $176,100
2018 $0 $203,900 $27,800 $176,100
2017 -- $203,900 $27,800 $176,100
2016 -- $203,900 $27,800 $176,100
2015 $5,836 $203,900 $27,800 $176,100
2014 $5,401 $203,900 $27,800 $176,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2006870

Bright MLS

APN: 08-022.20-060