325 Paper Mill Rd Newark, DE 19711
3
Beds
2
Baths
2,025
Sq Ft
1.44
Acres
Highlights
- 1.44 Acre Lot
- No HOA
- Parking Storage or Cabinetry
- 1 Fireplace
- 2 Car Detached Garage
- 1-minute walk to Curtis Mill Park
About This Home
As of March 2025Welcome to this charming older farmhouse, nestled on an exceptional 1.44-acre lot, just a stone's throw away from the University of Delaware. Currently set up as a duplex, this property offers a fantastic opportunity to create a single-family home or explore its potential for other uses. The house, while requiring some attention, is full of character and offers plenty of space for those with a vision to bring it back to its full potential. The large, open lot provides ample room for outdoor activities, gardening, or future expansions, making it a rare find in such a prime location. The seller is offering this property as-is and invites prospective buyers to do their own research regarding the possible uses for both the house and the land. Whether you're looking to restore a piece of history or explore other possibilities, this farmhouse is a unique opportunity not to be missed. Please see agent remarks for additional information.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,794
Year Built
- Built in 1870
Lot Details
- 1.44 Acre Lot
- Property is zoned 18RD
Parking
- 2 Car Detached Garage
- Parking Storage or Cabinetry
Home Design
- Frame Construction
- Stone Siding
Interior Spaces
- 2,025 Sq Ft Home
- Property has 2 Levels
- 1 Fireplace
- Unfinished Basement
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Utilities
- Central Air
- Heating Available
- Public Septic
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 015
- Assessor Parcel Number 18-008.00-015
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 7, 2025
Closed on
Mar 11, 2025
Sold by
Cag National Fund Iii Llc
Bought by
Swearingen Steven
Seller's Agent
Don Ash
Alliance Realty
Buyer's Agent
Don Ash
Alliance Realty
List Price
$299,900
Sold Price
$299,900
Views
595
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,364
Avg. Annual Appreciation
6.70%
Purchase Details
Closed on
Dec 18, 2024
Sold by
Sheriff Of Castle County
Bought by
Cag National Fund Iii Llc
Purchase Details
Closed on
Jun 13, 2013
Sold by
Speorl Carl F
Bought by
Speorl Carl F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$553,500
Interest Rate
3.39%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Purchase Details
Closed on
Jun 28, 2005
Sold by
Speorl Carl F and Speorl Edna Mae
Bought by
Speorl Carl F and Speorl Edna Mae
Similar Homes in Newark, DE
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $299,900 | Mortgage Connect | |
| Sheriffs Deed | $568,161 | None Listed On Document | |
| Sheriffs Deed | $568,161 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $553,500 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $291,000 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $307,500 | Reverse Mortgage Home Equity Conversion Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/20/2025 03/20/25 | Sold | $299,900 | 0.0% | $148 / Sq Ft |
| 03/05/2025 03/05/25 | Pending | -- | -- | -- |
| 02/07/2025 02/07/25 | For Sale | $299,900 | -- | $148 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,275 | $61,400 | $23,600 | $37,800 |
| 2023 | $2,220 | $61,400 | $23,600 | $37,800 |
| 2022 | $2,197 | $61,400 | $23,600 | $37,800 |
| 2021 | $576 | $61,400 | $23,600 | $37,800 |
| 2020 | $0 | $61,400 | $23,600 | $37,800 |
| 2019 | $451 | $61,400 | $23,600 | $37,800 |
| 2018 | $1,410 | $61,400 | $23,600 | $37,800 |
| 2017 | $71 | $61,400 | $23,600 | $37,800 |
| 2016 | $427 | $61,400 | $23,600 | $37,800 |
| 2015 | $384 | $61,400 | $23,600 | $37,800 |
| 2014 | $383 | $61,400 | $23,600 | $37,800 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Don Ash
Alliance Realty
(302) 521-5100
2 in this area
123 Total Sales
Map
Source: Bright MLS
MLS Number: DENC2075770
APN: 18-008.00-015
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