NOT LISTED FOR SALE

18512 Gravel Hill Rd Georgetown, DE 19947

Estimated Value: $462,000 - $576,199

3 Beds
2 Baths
1,872 Sq Ft
$285/Sq Ft Est. Value

Last Sold June 01, 2023

Last sale price $489,900 $262 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,900/month

40 Days on Market

Highlights

  • Open Floorplan
  • Main Floor Bedroom
  • Combination Kitchen and Living
  • Private Lot
  • Attic
  • No HOA

About This Home

As of June 2023

This three bedroom, two bathroom Garrison Homes property encompasses more than 1,800-square-feet
and is located about halfway between Milton and Georgetown, with historic Lewes only about a 12-
mile easterly drive away.

Resting on an acre of land with plenty of room to expand, this custom-built home boasts a number of
features you’ll typically find in an upscale property. This includes LVP flooring, stainless steel
appliances, granite countertops in the kitchen and an open living concept.

Unfinished area on the second floor enables the home owner to create a space that fits their lifestyle. An office, game room, family room or bathroom are just a few of the uses this space can accommodate.

There are other extras like a tankless water heater, a gas stove, a two-car garage with crawlspace access
and an oversized well and septic system.

Construction on this home just wrapped up in early March and upgrades can still be added at the
buyer’s discretion and through coordination with Garrison Homes.

Why settle for ordinary when you can have extraordinary? Visit this home near Georgetown today
before someone else beats you to it!

Last Agent to Sell the Property

Dustin Oldfather

(302) 249-5899 Dustin@TheOldfatherGroup.com Compass License #RS-0017091 Listed on: 03/16/2023

Compass

Co-Listed By

Jennifer Elphick

(610) 805-1083 jennifer@theoldfathergroup.com Compass License #RS0037209

Last Buyer's Agent

Jennifer Demarest

(302) 278-5591 jennifer@theparkergroup.com The Parker Group License #RB-0031294

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2023

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 370'x138'
  • Rural Setting
  • East Facing Home
  • Private Lot
  • Secluded Lot
  • Cleared Lot
  • Back and Front Yard
  • Property is in excellent condition
  • Property is zoned AR-1

Parking

  • 2 Car Attached Garage
  • 4 Driveway Spaces
  • Side Facing Garage
  • Garage Door Opener
  • Gravel Driveway
  • Shared Driveway
  • Off-Street Parking

Home Design

  • Entry on the 1st floor
  • Block Foundation
  • Blown-In Insulation
  • Batts Insulation
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home
  • CPVC or PVC Pipes
  • Tile

Interior Spaces

  • 1,872 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Crown Molding
  • Wainscoting
  • Ceiling Fan
  • Marble Fireplace
  • Fireplace Mantel
  • Gas Fireplace
  • Vinyl Clad Windows
  • Sliding Windows
  • Window Screens
  • Family Room Off Kitchen
  • Combination Kitchen and Living
  • Formal Dining Room
  • Crawl Space
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Gas Oven or Range
  • Built-In Range
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Eco-Friendly Details

  • Energy-Efficient Windows with Low Emissivity

Utilities

  • Central Air
  • Heat Pump System
  • Back Up Gas Heat Pump System
  • Heating System Powered By Leased Propane
  • 200+ Amp Service
  • Well Permit on File
  • Tankless Water Heater
  • Propane Water Heater
  • Capping Fill

Community Details

  • No Home Owners Association
  • Built by GH Homes LLC

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 235-29.00-10.06

Home Details

Home Type

Single Family

Year Built

Built in 2023

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-03-16
  • Federal Flood Zone: No
  • Year Built: 2023
  • Automatically Close On Close Date: No
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Icemaker, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Water Heater - Tankless
  • Entry Floor: 1
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Attic, Carpet, Ceiling Fan(s), Combination Kitchen/Living, Crown Moldings, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Island, Primary Bath(s), Stall Shower, Tub Shower, Upgraded Countertops, Wainscotting, Walk-In Closet(s)
  • Window Features: Energy Efficient, Low-E, Screens, Sliding, Vinyl Clad
  • Fireplace Features: Gas/Propane, Mantel(s), Marble
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block, Crawl Space
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Hookup, Main Floor
  • Total Sq Ft: 1872
  • Living Area Sq Ft: 1872
  • Price Per Sq Ft: 267.04
  • Above Grade Finished Sq Ft: 1872
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Batts Insulation, Block, Blown-In Insulation, Cpvc/Pvc, Stick Built, Tile, Vinyl Siding
  • Road Surface Type: Paved
  • Roof: Architectural Shingle
  • 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: Gravel Driveway, Shared Driveway
  • Garage Features: Garage - Side Entry, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Attached Garage, Driveway, Off Street
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Propane - Leased
  • Heating Type: Heat Pump - Gas Backup
  • Heating: Yes
  • Hot Water: Propane
  • Security: Smoke Detector
  • Sewer/Septic System: Capping Fill
  • Utilities: Electric Available
  • Water Source: Well Permit On File

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Lot Features: Cleared, Front Yard, Private, Rear Yard, Rural, Secluded, Unrestricted
  • Lot Size Acres: 1.00
  • Lot Dimensions: 370'x138'
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 43560.00
  • Property Condition: Excellent
  • Soil Types: Soil Study Avail
  • Zoning: AR-1
  • In City Limits: No

Building Info

  • Builder Name: GH Homes LLC

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • School Tax: 54.00
  • Tax Annual Amount: 61.00
  • Assessor Parcel Number: 235-29.00-10.06
  • Tax Lot: 6
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2023
Closed on
Jun 1, 2023
Sold by
Harrigan-Ferro Kyle J
Bought by
Bingaman Kori and Bingaman Christopher
Seller's Agent
Dustin Oldfather
Compass
Buyer's Agent
Jennifer Demarest
The Parker Group
List Price
$499,900
Sold Price
$489,900
Premium/Discount to List
-$10,000
-2%
Views
160
Current Estimated Value
$534,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,400
Avg. Annual Appreciation
3.50%
Original Mortgage
$480,290
Outstanding Balance
$467,447
Interest Rate
6.39%
Mortgage Type
FHA
Estimated Equity
$66,853

Purchase Details

Closed on
Oct 24, 2011
Bought by
Harrigan-Ferro Kyle J

Purchase Details

Closed on
Oct 21, 2011
Bought by
Harrigan-Ferro Kyle J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bingaman Kori $489,900 None Listed On Document
Harrigan-Ferro Kyle J -- --
Harrigan-Ferro Kyle J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bingaman Kori $480,290
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2023 06/01/23 Sold $489,900 -2.0% $262 / Sq Ft
03/16/2023 03/16/23 For Sale $499,900 -- $267 / 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
2025 $1,074 $1,500 $1,500 $0
2024 $1,226 $1,500 $1,500 $0
2023 $1,225 $1,500 $1,500 $0
2022 $61 $1,500 $1,500 $0
2021 $59 $1,500 $1,500 $0
2020 $56 $1,500 $1,500 $0
2019 $56 $1,500 $1,500 $0
2018 $57 $1,500 $0 $0
2017 $57 $1,500 $0 $0
2016 $50 $1,500 $0 $0
2015 $52 $1,500 $0 $0
2014 $51 $1,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2037788

Bright MLS

APN: 235-29.00-10.06