Seller's Agent in 2015
Steven Anzulewicz
Keller Williams Realty Wilmington
(302) 299-1105
4 in this area
128 Total Sales
340 W Chestnut Hill Rd Newark, DE 19713
Estimated Value: $714,000 - $1,086,000
--
Bed
5
Baths
8,950
Sq Ft
$96/Sq Ft
Est. Value
Highlights
- 2.01 Acre Lot
- No HOA
- Shed
- Wood Flooring
- Parking Storage or Cabinetry
- En-Suite Primary Bedroom
About This Home
As of November 2015This unique one-of-a-kind multi-family investment opportunity is sheltered on a 2-acre wooded property in Newark, De. Built in 1865, this beautifully renovated barn is an evolving work of art with history as its cornerstone of beauty. Designed and owned by a world-renown artist, he was also an art professor at UD for several decades. He created this multi-unit conversion, preserving many of its 19th century characteristics while renovating to include updated essentials and luxurious details. The result is stunning and mesmerizing. Its convenient location just off of University of Delaware's campus and the I-95 thoroughfare makes it a strong contender for rental. He meticulously designed and renovated this vast 9,000 sq. ft. barn converting it into many separate units. An office, gallery, photo studio and loft storage area are unfinished but have extensive potential to be renovated as extra charming units. A bonus Amish-built barn, constructed in 1982, is also on the property and was used as a studio, garage, and workshop with studio apartment above. Each of the units is unique and tastefully designed with an artistic eye, and is often described as a small secluded community of friends. The units also include ample parking. Apt. 1 is 1,372 sq. ft. with 2 floors plus a 3rd floor loft featuring 2 bed/2baths, a dramatic spiral staircase with gated doors at the top, Amish-installed hardwoods, deck and fenced-in yard. Apt. 2, 1,550 sq. ft., is one floor plus a loft offering 2 beds/1.5 baths, new carpet throughout and a quaint front and back deck. Apt. 3A is a 1 bed/1 bath basement unit just over 950 sq. ft. with multiple skylights, wood tile floors and pretty patio entrance (can connect to 3B). Apt 3 B is a ground floor studio with 1 bath and attractive hardwood floors and is 724 sq. ft. (can be connected to 3A) Apt. 4A is on the ground floor at 1,220 sq. ft. and also offers an upstairs loft totaling 1 Bed/ 1 Bath plus additional space for an office. Enjoy the brick floor downstairs and wood tile floor upstairs along with a skylight. Relish the fenced-in yard and patio. Apt. 4B measures 1,140 sq. ft. and is a ground floor unit with 2 beds/1bath and inviting brick floor. Apt. 4C is a 240-sq.ft. studio apt. with 1 bath and skylight. Nearby Newark is a thriving college town chock full of historical places, cultural destinations and an eclectic blend of businesses, shops and restaurants. Ideally located this is a true masterpiece! Min 48 hour notice to tour.
Last Agent to Sell the Property
Keller Williams Realty Wilmington Listed on: 05/27/2015
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,918
Year Built
- Built in 1950
Lot Details
- 2.01 Acre Lot
- Lot Dimensions are 186x316
- Property is in good condition
Home Design
- 8,950 Sq Ft Home
- Wood Siding
- Stone Siding
Flooring
- Wood
- Stone
- Tile or Brick
Parking
- 8 Car Garage
- 8 Open Parking Spaces
- Parking Storage or Cabinetry
- Private Parking
- Shared Driveway
Outdoor Features
- Shed
- Storage Shed
Utilities
- Forced Air Heating and Cooling System
- Cooling System Utilizes Bottled Gas
- Cooling System Mounted In Outer Wall Opening
- Heating System Uses Gas
- Heating System Uses Propane
- Back Up Gas Heat Pump System
- Baseboard Heating
- Electric Water Heater
- On Site Septic
Additional Features
- En-Suite Primary Bedroom
- Laundry in unit
Listing and Financial Details
- Tax Lot 053
- Assessor Parcel Number 11-009.00-053
Community Details
Overview
- No Home Owners Association
Building Details
- Electric Expense $2,217
- Insurance Expense $4,998
- Maintenance Expense $8,239
- Other Expense $514
- Operating Expense $21,941
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 27, 2015
Closed on
Nov 13, 2015
Bought by
Martin Property Management Llc
Seller's Agent
Steven Anzulewicz
Keller Williams Realty Wilmington
Buyer's Agent
Roseann DiPilla
A C Emsley & Associates Realtors
List Price
$650,000
Sold Price
$520,000
Premium/Discount to List
-$130,000
-20%
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
$335,526
Avg. Annual Appreciation
9.16%
Purchase Details
Closed on
Jul 5, 2013
Sold by
Cohen William J and The Revocable Trust Agreement
Bought by
Spinski Tristan
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Martin Property Management Llc | $520,000 | -- | |
| Spinski Tristan | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Martin Property Management Llc | $150,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/13/2015 11/13/15 | Sold | $520,000 | -20.0% | $58 / Sq Ft |
| 09/17/2015 09/17/15 | Pending | -- | -- | -- |
| 05/27/2015 05/27/15 | For Sale | $650,000 | -- | $73 / 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 | $7,047 | $165,500 | $20,000 | $145,500 |
| 2023 | $6,854 | $165,500 | $20,000 | $145,500 |
| 2022 | $6,838 | $165,500 | $20,000 | $145,500 |
| 2021 | $6,694 | $165,500 | $20,000 | $145,500 |
| 2020 | $6,520 | $165,500 | $20,000 | $145,500 |
| 2019 | $5,762 | $165,500 | $20,000 | $145,500 |
| 2018 | $5,611 | $165,500 | $20,000 | $145,500 |
| 2017 | $5,412 | $165,500 | $20,000 | $145,500 |
| 2016 | $5,399 | $165,500 | $20,000 | $145,500 |
| 2015 | $3,715 | $165,500 | $20,000 | $145,500 |
| 2014 | $4,916 | $165,500 | $20,000 | $145,500 |
Source: Public Records
Agents Affiliated with this Home
-
Steven Anzulewicz
-
Rob Stigler
Seller Co-Listing Agent in 2015
Rob Stigler
Crown Homes Real Estate
(302) 290-2237
4 in this area
79 Total Sales
-
Roseann DiPilla
R
Buyer's Agent in 2015
Roseann DiPilla
A C Emsley & Associates Realtors
(302) 429-9191
4 Total Sales
Map
Source: Bright MLS
MLS Number: 1002635012
APN: 11-009.00-053
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