NOT LISTED FOR SALE

278 Chippenham Ln Hockessin, DE 19707

Estimated Value: $640,963 - $699,000

4 Beds
2.5 Baths
2,300 Sq Ft
$292/Sq Ft Est. Value

Last Sold May 20, 2016

Last sale price $430,000 $187 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $4,034/month

13 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • 2 Car Attached Garage
  • North Star Elementary School Rated A
  • Wood Flooring
  • Eat-In Kitchen

About This Home

As of May 2016

Beautifully maintained and updated 4 bedrooms, 2 bath colonial on attractive half acre wooded lot. This home is highlighted by the new kitchen ('11) that features 42" maple cabinetry (with soft close drawers), granite, attractive backsplash, stainless steel appliances (including microwave, 2 ovens and induction cooktop) and large pantry. Slider from kitchen to elevated deck overlooking wooded rear yard. Kitchen opens to spacious family room with stone fireplace (great for entertaining). First floor features grand 2 story entrance foyer with hardwood, formal living and dining rooms, powder room with hardwood and laundry with added cabinetry. Master bedroom offers 2 closets (one walk in), updated master bath, 3 additional bedrooms and hall bath complete the upstairs. Additional features include: new gas heat & central air ('09), turned 2 car garage, Andersen windows, brick/vinyl exterior, and much more. Great community, Prime location close to shopping, restaurants, gym, golf courses all in the North Star feeder pattern.

Last Agent to Sell the Property

Jeff Bollinger

BHHS Fox & Roach - Hockessin License #RS-0008812 Listed on: 03/10/2016

BHHS Fox & Roach - Hockessin

Last Buyer's Agent

Dennis Snavely

RE/MAX Elite

RE/MAX Elite

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,475

Year Built

  • Built in 1991

Lot Details

  • 0.55 Acre Lot
  • Lot Dimensions are 101x251
  • Property is in good condition
  • Property is zoned NC21

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2,300 Sq Ft Home
  • Property has 2 Levels
  • Stone Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen
  • Laundry on main level

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • 2.5 Bathrooms

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • Hockessin Greene Subdivision

Listing and Financial Details

  • Tax Lot 022
  • Assessor Parcel Number 08-018.20-022

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,475

Year Built

Built in 1991

Lot Details

0

HOA Fees

$25 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: See Attached Form.
  • Inclusions: See Attached Form.
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1991
  • Remarks Public: Beautifully maintained and updated 4 bedrooms, 2 bath colonial on attractive half acre wooded lot. This home is highlighted by the new kitchen ('11) that features 42" maple cabinetry (with soft close drawers), granite, attractive backsplash, stainless steel appliances (including microwave, 2 ovens and induction cooktop) and large pantry. Slider from kitchen to elevated deck overlooking wooded rear yard. Kitchen opens to spacious family room with stone fireplace (great for entertaining). First floor features grand 2 story entrance foyer with hardwood, formal living and dining rooms, powder room with hardwood and laundry with added cabinetry. Master bedroom offers 2 closets (one walk in), updated master bath, 3 additional bedrooms and hall bath complete the upstairs. Additional features include: new gas heat & central air ('09), turned 2 car garage, Andersen windows, brick/vinyl exterior, and much more. Great community, Prime location close to shopping, restaurants, gym, golf courses all in the North Star feeder pattern.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Wood
  • Interior Amenities: Kitchen - Eat-In
  • Fireplace Features: Stone
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Room Count: 8
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Main Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 2300
  • Living Area Sq Ft: 2300
  • Net Sq Ft: 2300.00
  • Price Per Sq Ft: 188.04
  • Above Grade Finished Sq Ft: 2300
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 278

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding, Brick
  • Access To Pool: 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
  • Open Parking Spaces Count: 2
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 300.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: RED CLAY CONSOLIDATED
  • School District Key: 300200396545

Lot Info

  • Improvement Assessed Value: 95300.00
  • Land Assessed Value: 22000.00
  • Lot Size Acres: 0.55
  • Lot Dimensions: 101X251
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 23958.00
  • Outdoor Living Structures: Deck(s)
  • Property Attached Yn: No
  • Property Condition: Good
  • Zoning: NC21

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2268588
  • Tax Annual Amount: 3475.00
  • Assessor Parcel Number: 08-018.20-022
  • Tax Lot: 022
  • Tax Year: 2015
  • Close Date: 05/20/2016

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2016
Closed on
Jun 27, 2016
Sold by
Okull Derrick O
Bought by
Okull Derrick O and Byrd Stephanie
Seller's Agent
Jeff Bollinger
BHHS Fox & Roach - Hockessin
Buyer's Agent
Dennis Snavely
RE/MAX Elite
List Price
$432,500
Sold Price
$430,000
Premium/Discount to List
-$2,500
-0.58%
Current Estimated Value
$672,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,241
Avg. Annual Appreciation
4.89%
Original Mortgage
$387,000
Outstanding Balance
$312,349
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$358,152

Purchase Details

Listed on
Mar 10, 2016
Closed on
May 20, 2016
Sold by
Tobias Alexander V and Tobias Jill B
Bought by
Okull Derrick O
Seller's Agent
Jeff Bollinger
BHHS Fox & Roach - Hockessin
Buyer's Agent
Dennis Snavely
RE/MAX Elite
List Price
$432,500
Sold Price
$430,000
Premium/Discount to List
-$2,500
-0.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,000
Outstanding Balance
$312,349
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$358,152

Purchase Details

Closed on
Aug 24, 2005
Sold by
Lin Wong Stephen Kin Ping and Lin Wei Pei
Bought by
Tobias Alexander V and Tobias Jill B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
5.68%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Okull Derrick O -- None Available
Okull Derrick O $430,000 Attorney
Tobias Alexander V $435,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Okull Derrick O $68,000
Open Okull Derrick O $387,000
Previous Owner Tobias Alexander $296,000
Previous Owner Tobias Alexander $304,800
Previous Owner Tobias Alexander Vincent $320,000
Previous Owner Tobias Alexander V $348,000
Previous Owner Tobias Jill B $43,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2016 05/20/16 Sold $430,000 -0.6% $187 / Sq Ft
03/23/2016 03/23/16 Pending -- -- --
03/10/2016 03/10/16 For Sale $432,500 -- $188 / 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 $4,494 $117,300 $22,000 $95,300
2023 $3,985 $117,300 $22,000 $95,300
2022 $4,007 $117,300 $22,000 $95,300
2021 $4,003 $117,300 $22,000 $95,300
2020 $4,004 $117,300 $22,000 $95,300
2019 $4,436 $117,300 $22,000 $95,300
2018 $3,934 $117,300 $22,000 $95,300
2017 $3,888 $117,300 $22,000 $95,300
2016 $3,698 $117,300 $22,000 $95,300
2015 $3,475 $117,300 $22,000 $95,300
2014 $3,229 $117,300 $22,000 $95,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003947175

Bright MLS

APN: 08-018.20-022