NOT LISTED FOR SALE

261 W Main St Newark, DE 19711

Estimated Value: $559,000 - $922,000

6 Beds
4 Baths
4,475 Sq Ft
$177/Sq Ft Est. Value

Last Sold May 22, 2017

Last sale price $625,000 $140 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $4,792/month

Highlights

  • 0.69 Acre Lot
  • Wood Flooring
  • 4 Car Detached Garage
  • Colonial Architecture
  • No HOA
  • Porch

About This Home

As of May 2017

DISTINCTION. 261 West Main Street in Newark, Delaware, is a distinctive and captivating residence that has graced this notable college town for over a century. A northeast facing front entry is the starting point for your tour of this magnificent architectural gem. Warm and inviting, this truly exceptional and appropriately adorned vintage 1909 home has many sophisticated and spacious rooms with fine, eye-catching details that are great for formal and informal entertaining. The same must be said of the extraordinary covered patio and meticulously landscaped exterior which are as awe-inspiring as the interior. The professionally designed landscape surrounds the property and delights the eye! Additional benefits of ownership are numerous, including updated kitchen with stainless steel appliances, three floors of living space, expansive multi-entry screened porch, three fireplaces, four full baths, built-ins, crown molding, Pella windows, and thoughtfully installed central air-conditioning. Not to be overlooked, the third floor exercise room and spa includes a generously sized jetted tub, stall shower with built-in bench, and a fabulous sauna! Add on walking distance to the bounty of shops and restaurants on the east end of Main Street and to the University of Delaware campus to only begin to appreciate all this property has to offer.

Last Agent to Sell the Property

Salvatore Sedita

Patterson-Schwartz-Hockessin Listed on: 03/27/2017

Patterson-Schwartz-Hockessin

Last Buyer's Agent

Al Schweizer

Patterson-Woods & Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,111

Year Built

  • Built in 1912

Lot Details

  • 0.69 Acre Lot
  • Lot Dimensions are 100 x 300
  • Level Lot
  • Property is in good condition
  • Property is zoned 18RS

Parking

  • 4 Car Detached Garage
  • 3 Open Parking Spaces
  • Shared Driveway
  • Parking Lot

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 4,475 Sq Ft Home
  • Property has 3 Levels
  • Brick Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Built-In Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Patio
  • Porch

Schools

  • Downes Elementary School
  • Shue-Medill Middle School
  • Newark High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Newark Subdivision

Listing and Financial Details

  • Assessor Parcel Number 18019.00018

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,111

Year Built

Built in 1912

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Washer, Dryer. Most Furniture Is Negotiable.
  • Inclusions: Refrigerator, Window Treatments, Hot Tub, Fountain Heads Except Walrus
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1912
  • Remarks Public: DISTINCTION. 261 West Main Street in Newark, Delaware, is a distinctive and captivating residence that has graced this notable college town for over a century. A northeast facing front entry is the starting point for your tour of this magnificent architectural gem. Warm and inviting, this truly exceptional and appropriately adorned vintage 1909 home has many sophisticated and spacious rooms with fine, eye-catching details that are great for formal and informal entertaining. The same must be said of the extraordinary covered patio and meticulously landscaped exterior which are as awe-inspiring as the interior. The professionally designed landscape surrounds the property and delights the eye! Additional benefits of ownership are numerous, including updated kitchen with stainless steel appliances, three floors of living space, expansive multi-entry screened porch, three fireplaces, four full baths, built-ins, crown molding, Pella windows, and thoughtfully installed central air-conditioning. Not to be overlooked, the third floor exercise room and spa includes a generously sized jetted tub, stall shower with built-in bench, and a fabulous sauna! Add on walking distance to the bounty of shops and restaurants on the east end of Main Street and to the University of Delaware campus to only begin to appreciate all this property has to offer.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Range, Dishwasher, Disposal
  • Flooring Type: Wood
  • Interior Amenities: Kitchen - Eat-In
  • Fireplace Features: Brick
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Foyer
  • Levels Count: 3+
  • Room Count: 10
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Main Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 4475
  • Living Area Sq Ft: 4475
  • Net Sq Ft: 4475.00
  • Price Per Sq Ft: 150.84
  • Above Grade Finished Sq Ft: 4475
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 261

Beds/Baths

  • Bedrooms: 6
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Access To Pool: No
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Open Parking Spaces Count: 3
  • Parking Features: Shared Driveway
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 7
  • Type Of Parking: Driveway, Parking Lot, Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, 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: CHRISTINA
  • Elementary School: DOWNES
  • Middle School: SHUE-MEDILL
  • High School: NEWARK
  • School District Key: 300200396890
  • Elementary School: DOWNES
  • High School: NEWARK
  • Middle Or Junior School: SHUE-MEDILL

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 0.69
  • Lot Dimensions: 100 X 300
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 30056.00
  • Outdoor Living Structures: Patio(s), Porch(es)
  • Property Attached Yn: No
  • Property Condition: Good
  • Zoning: 18RS

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2370200
  • Tax Annual Amount: 5111.00
  • Assessor Parcel Number: 18019.00018
  • Tax Year: 2016
  • Close Date: 05/22/2017

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2017
Closed on
May 22, 2017
Sold by
Runnels Thomas D
Bought by
Cicero Joseph B and Cicero Shannon
Seller's Agent
Salvatore Sedita
Patterson-Schwartz-Hockessin
Buyer's Agent
Al Schweizer
Patterson-Woods & Associates
List Price
$675,000
Sold Price
$625,000
Premium/Discount to List
-$50,000
-7.41%
Current Estimated Value
$792,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,557
Avg. Annual Appreciation
3.50%
Original Mortgage
$56,250
Interest Rate
3.89%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 12, 2001
Sold by
Jal 8730 Llc
Bought by
Runnels Thomas D
Source: Public Records

Range of Values:

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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
Cicero Joseph B -- None Available
Runnels Thomas D $470,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cicero Joseph B $291,000
Open Cicero Joseph B $483,000
Closed Cicero Joseph B $56,250
Closed Cicero Joseph B $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2017 05/22/17 Sold $625,000 -7.4% $140 / Sq Ft
04/17/2017 04/17/17 Pending -- -- --
03/27/2017 03/27/17 For Sale $675,000 -- $151 / 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 $6,087 $164,300 $26,100 $138,200
2023 $5,941 $164,300 $26,100 $138,200
2022 $5,878 $164,300 $26,100 $138,200
2021 $5,727 $164,300 $26,100 $138,200
2020 $5,562 $164,300 $26,100 $138,200
2019 $4,876 $164,300 $26,100 $138,200
2018 $4,763 $164,300 $26,100 $138,200
2017 $4,622 $164,300 $26,100 $138,200
2016 $4,609 $164,300 $26,100 $138,200
2015 $4,131 $164,300 $26,100 $138,200
2014 $4,130 $164,300 $26,100 $138,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000062564

Bright MLS

APN: 18-019.00-018