NOT LISTED FOR SALE

38 Theresa Way Magnolia, DE 19962

Estimated Value: $445,000 - $578,000

4 Beds
2.5 Baths
2,900 Sq Ft
$168/Sq Ft Est. Value

Last Sold July 08, 2022

Last sale price $430,000 $148 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,846/month

3 Days on Market

Highlights

  • Traditional Architecture
  • Mud Room
  • Sitting Room
  • Caesar Rodney High School Rated A-
  • Upgraded Countertops
  • Formal Dining Room

About This Home

As of July 2022

Step into this like new home. This 3 year old home offers that open concept that everyone loves. You walk into an open foyer with a room to your right that could be an office or a dining room. This home offers 4 bedrooms and 2 full baths as well as a half bath downstairs. The kitchen has stainless steel appliances, granite, a walk in pantry and a great space for a coffee bar. You have a partially finished basement for extra living space. Your washer and dryer are upstairs for convenience when putting away laundry. There is a large primary bedroom with ensuite which offers a tiled shower and walk in closet. You’ll love the LVT flooring in the downstairs living area and kitchen. Carpet in bedrooms and vinyl in baths. There is a 2 car garage and spacious drive for extra parking. The playground is just across the street in walking distance. Plus you have natural gas and electric is through Delaware Electric Cooperative. Close to Dover Airbase. All window treatments stay so pack your bags and move right in. This one won’t last long. Call today for your private showing while still available.

Last Agent to Sell the Property

Russell Griffin

Keller Williams Realty License #RA-0020424 Listed on: 05/26/2022

Keller Williams Realty

Co-Listed By

LETTIE PERRY

Keller Williams Realty

Last Buyer's Agent

Francis Gilson

RE/MAX Associates - Newark

RE/MAX Associates - Newark

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,378

Year Built

  • Built in 2018

Lot Details

  • 10,580 Sq Ft Lot
  • Lot Dimensions are 92.00 x 115.00

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Driveway Spaces
  • Front Facing Garage

Home Design

  • Traditional Architecture
  • Block Foundation
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Property has 2 Levels
  • Ceiling Fan
  • Recessed Lighting
  • Window Screens
  • French Doors
  • Sliding Doors
  • Mud Room
  • Sitting Room
  • Living Room
  • Formal Dining Room
  • Wall to Wall Carpet

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Interior and Exterior Basement Entry
  • Sump Pump

Home Security

  • Home Security System
  • Storm Doors
  • Fire and Smoke Detector

Accessible Home Design

  • More Than Two Accessible Exits

Schools

  • Star Hill Elementary School
  • Postlethwait Middle School
  • Caesar Rodney High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Vented Exhaust Fan
  • 200+ Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 7000-000
  • Assessor Parcel Number SM-00-12101-01-7000-000

Community Details

Overview

  • Association fees include common area maintenance
  • Built by Timberlake Homes
  • Olde Field Village Subdivision, The Chestnut Floorplan

Recreation

  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,378

Year Built

Built in 2018

Lot Details

0

HOA Fees

$25 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2018
  • Automatically Close On Close Date: No
  • Remarks Public: Step into this like new home. This 3 year old home offers that open concept that everyone loves. You walk into an open foyer with a room to your right that could be an office or a dining room. This home offers 4 bedrooms and 2 full baths as well as a half bath downstairs. The kitchen has stainless steel appliances, granite, a walk in pantry and a great space for a coffee bar. You have a partially finished basement for extra living space. Your washer and dryer are upstairs for convenience when putting away laundry. There is a large primary bedroom with ensuite which offers a tiled shower and walk in closet. You’ll love the LVT flooring in the downstairs living area and kitchen. Carpet in bedrooms and vinyl in baths. There is a 2 car garage and spacious drive for extra parking. The playground is just across the street in walking distance. Plus you have natural gas and electric is through Delaware Electric Cooperative. Close to Dover Airbase. All window treatments stay so pack your bags and move right in. This one won’t last long. Call today for your private showing while still available.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Stainless Steel Appliances, Oven/Range - Gas, Built-In Microwave, Dishwasher, Refrigerator, Disposal, Washer, Dryer, Water Heater, Exhaust Fan
  • Flooring Type: Fully Carpeted
  • Interior Amenities: Carpet, Ceiling Fan(s), Formal/Separate Dining Room, Kitchen - Island, Pantry, Primary Bath(s), Recessed Lighting, Stall Shower, Tub Shower, Upgraded Countertops, Walk-In Closet(s)
  • Window Features: Screens
  • Fireplace: No
  • Door Features: French, Sliding Glass, Storm
  • Foundation Details: Block
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Sitting Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Basement, Laundry, Mud Room, Primary Bathroom, Full Bath, Half Bath
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Interior Access, Partially Finished, Walkout Stairs, Sump Pump, Improved
  • Laundry Type: Upper Floor
  • Total Sq Ft: 2900
  • Living Area Sq Ft: 2900
  • Price Per Sq Ft: 197.12
  • Above Grade Finished Sq Ft: 2156
  • Below Grade Finished Sq Ft: 744
  • Total Below Grade Sq Ft: 744
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Roof: Architectural Shingle
  • 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: Concrete Driveway
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector, Security System
  • 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 Condo Co-Op Amenities: Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: CAESAR RODNEY
  • Elementary School: STAR HILL
  • Middle School: POSTLETHWAIT
  • High School: CAESAR RODNEY
  • School District Key: 300200396889
  • School District Source: Listing Agent
  • Elementary School: STAR HILL
  • High School: CAESAR RODNEY
  • Middle Or Junior School: POSTLETHWAIT

Green Features

  • Clean Green Assessed: No
  • R Factor Ceilings: 49
  • R Factor Ext Walls: 19

Lot Info

  • Improvement Assessed Value: 52900.00
  • Land Assessed Value: 5400.00
  • Lot Size Acres: 0.24
  • Lot Dimensions: 92.00 x 115.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10580.00
  • Year Assessed: 2021
  • Zoning: RES
  • In City Limits: No

Building Info

  • Builder Name: Timberlake Homes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4769710
  • School Tax: 1184.00
  • Tax Annual Amount: 1378.00
  • Assessor Parcel Number: SM-00-12101-01-7000-000
  • Tax Lot: 7000-000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 07/08/2022

MLS Schools

  • School District Name: CAESAR RODNEY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2022
Closed on
Jul 8, 2022
Sold by
King Richard M
Bought by
Depietropaolo Adam and Doyal Sara Elizabeth
Seller's Agent
Russell Griffin
Keller Williams Realty
Buyer's Agent
Francis Gilson
RE/MAX Associates - Newark
List Price
$425,000
Sold Price
$430,000
Premium/Discount to List
$5,000
1.18%
Current Estimated Value
$486,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,938
Avg. Annual Appreciation
2.33%
Original Mortgage
$408,500
Outstanding Balance
$390,211
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$71,946

Purchase Details

Listed on
Dec 22, 2018
Closed on
Feb 7, 2019
Sold by
Olde Field Timberlake Llc
Bought by
King Richard M and Dietzel Kimberly S
Seller's Agent
Deborah Oberdorf
Bryan Realty Group
Buyer's Agent
Melissa Graver
Active Adults Realty
List Price
$300,302
Sold Price
$300,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.17%
Original Mortgage
$294,862
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 16, 2018
Sold by
Delaware Investment Llc
Bought by
Olde Field Timberlake Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
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
Depietropaolo Adam $430,000 Wolfe & Associates Llc
Depietropaolo Adam $430,000 None Listed On Document
King Richard M $300,302 First American Mortgage Solu
Olde Field Timberlake Llc $88,200 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Depietropaolo Adam $408,500
Closed Depietropaolo Adam $408,500
Previous Owner King Richard M $295,786
Previous Owner King Richard M $294,862
Previous Owner Olde Field Timberlake Llc $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2022 07/08/22 Sold $430,000 +1.2% $148 / Sq Ft
05/29/2022 05/29/22 Pending -- -- --
05/26/2022 05/26/22 For Sale $425,000 +41.5% $147 / Sq Ft
02/15/2019 02/15/19 Sold $300,302 0.0% $101 / Sq Ft
02/01/2019 02/01/19 Pending -- -- --
12/22/2018 12/22/18 For Sale $300,302 -- $101 / 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 $2,021 $412,700 $80,700 $332,000
2023 $1,862 $58,300 $5,400 $52,900
2022 $1,761 $58,300 $5,400 $52,900
2021 $1,740 $58,300 $5,400 $52,900
2020 $1,701 $58,300 $5,400 $52,900
2019 $1,404 $58,300 $5,400 $52,900
2018 $389 $500 $500 $0
2017 $10 $500 $0 $0
2016 $10 $500 $0 $0
2015 -- $500 $0 $0
2014 -- $500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DEKT2010922

Bright MLS

APN: 8-00-12101-01-7000-000