NOT LISTED FOR SALE

389 W Chestnut Hill Rd Newark, DE 19713

Estimated Value: $550,854 - $678,000

4 Beds
3 Baths
2,800 Sq Ft
$215/Sq Ft Est. Value

Last Sold March 01, 2016

Last sale price $370,000 $132 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,748/month

38 Days on Market

Highlights

  • 0.84 Acre Lot
  • Wood Flooring
  • No HOA
  • Rambler Architecture
  • 2 Fireplaces
  • 2 Car Attached Garage

About This Home

As of March 2016

This charming 4-bedroom 3-bath home sits on 0.84 acres of premium lot with gentle southern exposure and back to a vast area of woods. This well-built home carries the hallmark of building quality back in the 1960s with real stone in front and brick for the rest of the exterior. The property has been thoroughly renovated in 2015 to add modern style and comfort, including a brand new septic system (at a cost of $19K); new water well pump and pressure tank; new ductwork; new propane gas heater; new air conditioner; new water heater; new front and back entry doors and new interior doors; professionally refinished hardwood floor and newly installed tile floor throughout the two levels of the house; new kitchen cabinet boasting dovetailed drawers and high-grade granite counter top; new exhausting system over the cooking top that will dramatically improve indoor air quality; new Hansgrohe Allegro E kitchen faucet and Whirlpool stainless steel kitchen appliances; new tiled bathrooms with new vanity, toilets and faucets; a brand-new wet bar with stylish cabinets boasting dovetailed drawers, roll-out shelves, wine shelf, wine-chiller, and high-grade granite counter top. The newly finished flag stone patio over the top of garage has new Fortress galvanized-iron railing and overlooks the peaceful rolling hill, acres of grassland scattered with mature trees, and a vast forest with no end in sight. Lots of parking space. Conveniently located near Newark and University of Delaware with quick access to I-95. This is your oasis, right outside the city and yet peacefully embraced by nature. No homeowner's association to decide what you can do on your property. You are the decision maker. Owner is related to the listing agent.

Last Agent to Sell the Property

Larry Duan

Tesla Realty Group, LLC License #RS-002199 Listed on: 12/17/2015

Tesla Realty Group, LLC

Last Buyer's Agent

Terry Young

EXP Realty, LLC License #RS-0017743

EXP Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,438

Year Built

  • Built in 1960

Lot Details

  • 0.84 Acre Lot
  • Lot Dimensions are 122x302
  • Property is zoned NC21

Parking

  • 2 Car Attached Garage
  • 3 Open Parking Spaces

Home Design

  • Rambler Architecture
  • Brick Exterior Construction
  • Stone Siding

Interior Spaces

  • 2,800 Sq Ft Home
  • Property has 1 Level
  • 2 Fireplaces
  • Brick Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Eat-In Kitchen
  • Laundry Room

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

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

Finished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Utilities

  • Central Air
  • Cooling System Utilizes Bottled Gas
  • Heating System Uses Propane
  • Hot Water Heating System
  • Well
  • Propane Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 046
  • Assessor Parcel Number 11-008.00-046

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,438

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1960
  • Remarks Public: This charming 4-bedroom 3-bath home sits on 0.84 acres of premium lot with gentle southern exposure and back to a vast area of woods. This well-built home carries the hallmark of building quality back in the 1960s with real stone in front and brick for the rest of the exterior. The property has been thoroughly renovated in 2015 to add modern style and comfort, including a brand new septic system (at a cost of $19K); new water well pump and pressure tank; new ductwork; new propane gas heater; new air conditioner; new water heater; new front and back entry doors and new interior doors; professionally refinished hardwood floor and newly installed tile floor throughout the two levels of the house; new kitchen cabinet boasting dovetailed drawers and high-grade granite counter top; new exhausting system over the cooking top that will dramatically improve indoor air quality; new Hansgrohe Allegro E kitchen faucet and Whirlpool stainless steel kitchen appliances; new tiled bathrooms with new vanity, toilets and faucets; a brand-new wet bar with stylish cabinets boasting dovetailed drawers, roll-out shelves, wine shelf, wine-chiller, and high-grade granite counter top. The newly finished flag stone patio over the top of garage has new Fortress galvanized-iron railing and overlooks the peaceful rolling hill, acres of grassland scattered with mature trees, and a vast forest with no end in sight. Lots of parking space. Conveniently located near Newark and University of Delaware with quick access to I-95. This is your oasis, right outside the city and yet peacefully embraced by nature. No homeowner's association to decide what you can do on your property. You are the decision maker. Owner is related to the listing agent.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Wood, Tile/Brick
  • Interior Amenities: Kitchen - Eat-In
  • Fireplace Features: Brick
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry
  • Basement: Yes
  • Basement Type: Full, Fully Finished
  • Laundry Type: Basement
  • Total Sq Ft: 2800
  • Living Area Sq Ft: 2800
  • Net Sq Ft: 2800.00
  • Price Per Sq Ft: 141.07
  • Above Grade Finished Sq Ft: 2800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 389

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick, Stone
  • Construction Completed: 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: 3
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Bottled Gas/Propane
  • Heating Type: Propane, Hot Water
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: On Site Septic
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: CHRISTINA
  • School District Key: 300200396890

Lot Info

  • Improvement Assessed Value: 94600.00
  • Land Assessed Value: 21100.00
  • Lot Size Acres: 0.84
  • Lot Dimensions: 122X302
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 36590.00
  • Zoning: NC21

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2335839
  • Tax Annual Amount: 3438.00
  • Assessor Parcel Number: 11-008.00-046
  • Tax Lot: 046
  • Tax Year: 2015
  • Close Date: 03/01/2016

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2015
Closed on
Mar 1, 2016
Sold by
Cinfran Llc Series 9
Bought by
Winkelspecht John Ryan and Walthall Julie
Seller's Agent
Larry Duan
Tesla Realty Group, LLC
Buyer's Agent
Terry Young
EXP Realty, LLC
List Price
$395,000
Sold Price
$370,000
Premium/Discount to List
-$25,000
-6.33%
Current Estimated Value
$615,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,217
Avg. Annual Appreciation
5.28%
Original Mortgage
$296,000
Outstanding Balance
$234,690
Interest Rate
3.62%
Estimated Equity
$367,024

Purchase Details

Closed on
Aug 1, 2014
Sold by
Summerhill Ute G and Deutsche Bank National Trust C
Bought by
Cinfran Llc Series 9
Source: Public Records

Range of Values:

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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
Winkelspecht John Ryan $370,000 Attorney
Cinfran Llc Series 9 $118,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Winkelspecht John Ryan $296,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2016 03/01/16 Sold $370,000 -6.3% $132 / Sq Ft
01/24/2016 01/24/16 Pending -- -- --
12/17/2015 12/17/15 For Sale $395,000 +146.9% $141 / Sq Ft
08/13/2013 08/13/13 Sold $160,000 -46.7% $114 / Sq Ft
07/15/2013 07/15/13 Pending -- -- --
04/10/2013 04/10/13 For Sale $300,000 -- $214 / 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 $4,756 $111,700 $21,000 $90,700
2023 $4,626 $111,700 $21,000 $90,700
2022 $4,615 $111,700 $21,000 $90,700
2021 $4,518 $111,700 $21,000 $90,700
2020 $4,401 $111,700 $21,000 $90,700
2019 $3,889 $111,700 $21,000 $90,700
2018 $3,787 $111,700 $21,000 $90,700
2017 $3,653 $111,700 $21,000 $90,700
2016 $3,644 $111,700 $21,000 $90,700
2015 $1 $115,700 $21,100 $94,600
2014 -- $115,700 $21,100 $94,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002752652

Bright MLS

APN: 11-008.00-046