NOT LISTED FOR SALE

49 Bancroft Mills Rd Unit 2D Wilmington, DE 19806

Highlands Neighborhood

Estimated Value: $290,000 - $310,003

1 Bed
1.5 Baths
1,200 Sq Ft
$349/mo HOA Fee

Last Sold October 09, 2020

Last sale price $230,000 $192 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,145/month

Highlights

  • Water Oriented
  • Open Floorplan
  • Elevator
  • Waterfront
  • Main Floor Bedroom
  • Stainless Steel Appliances

About This Home

As of October 2020

Unique contemporary NYC-style loft condominium in historic Bancroft Mills! A dramatic, welcoming and one-of-a-kind address. Amazing opportunity to own a 1 Bedroom, 1 1/2 Bath with office/den unit in this former cotton mill overlooking the Brandywine River and Alapocas State Park. The renovations create a modern space while highlighting the stunning architectural details still present from the days the building served as a nineteenth century cotton textile mill. With high ceilings with exposed beams, walls of windows with spectacular view of the Brandywine Creek and an open floor plan, this move-in ready condo is waiting for its next owner. Kitchen has granite counter tops and stainless appliances with a large bar meals or entertaining opening into the great room which features two oversized windows with deep sills and stunning views of picturesque Brandywine River. Bedroom has en-suite full bath. Additional features include powder room, office/den with pass thru to kitchen, updated HVAC & water heater, newer PVC pipes, & fresh paint. Just a short walk to Rockford Park, Delaware Art Museum, and Trolley Square, for hiking, biking and exploring just out your front door. In 1984 Bancroft Mills earned the designation on the National Register of Historic Buildings and in 1992 was restored and adapted to house 46 condominium units. Come see this gem and enjoy city living at its best! Buyer responsible for capital contribution.

Last Agent to Sell the Property

Kristin Pidgeon

(302) 584-4355 kristin.pidgeon@lnf.com Long & Foster Real Estate, Inc. Listed on: 09/15/2020

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Jeff Derp

(302) 562-0942 jderp@hotmail.com Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,314

Year Built

  • Built in 1992

Lot Details

  • Waterfront
  • Sprinkler System

HOA Fees

  • $349 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Entry on the 1st floor
  • Converted Dwelling
  • Stone Siding

Interior Spaces

  • 1,200 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Combination Dining and Living Room

Kitchen

  • Galley Kitchen
  • Built-In Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 1 Main Level Bedroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer and Dryer Hookup

Home Security

  • Intercom
  • Exterior Cameras

Outdoor Features

  • Water Oriented
  • River Nearby

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 010.C.0013
  • Assessor Parcel Number 26-002.30-010.C.0013

Community Details

Overview

  • $698 Capital Contribution Fee
  • Association fees include all ground fee, common area maintenance, exterior building maintenance, reserve funds, trash, snow removal, insurance
  • Low-Rise Condominium
  • Bancroft Mills Condos
  • Bancroft Mills Subdivision
  • Property Manager

Amenities

  • Elevator

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,314

Year Built

Built in 1992

Lot Details

0

HOA Fees

$349 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Converted Dwelling
  • Ownership: Condominium
  • Inclusions: Washer, dryer, refrigerator, bar stools
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-09-15
  • Year Built: 1992
  • Automatically Close On Close Date: No
  • Remarks Public: Unique contemporary NYC-style loft condominium in historic Bancroft Mills! A dramatic, welcoming and one-of-a-kind address. Amazing opportunity to own a 1 Bedroom, 1 1/2 Bath with office/den unit in this former cotton mill overlooking the Brandywine River and Alapocas State Park. The renovations create a modern space while highlighting the stunning architectural details still present from the days the building served as a nineteenth century cotton textile mill. With high ceilings with exposed beams, walls of windows with spectacular view of the Brandywine Creek and an open floor plan, this move-in ready condo is waiting for its next owner. Kitchen has granite counter tops and stainless appliances with a large bar meals or entertaining opening into the great room which features two oversized windows with deep sills and stunning views of picturesque Brandywine River. Bedroom has en-suite full bath. Additional features include powder room, office/den with pass thru to kitchen, updated HVAC & water heater, newer PVC pipes, & fresh paint. Just a short walk to Rockford Park, Delaware Art Museum, and Trolley Square, for hiking, biking and exploring just out your front door. In 1984 Bancroft Mills earned the designation on the National Register of Historic Buildings and in 1992 was restored and adapted to house 46 condominium units. Come see this gem and enjoy city living at its best! Buyer responsible for capital contribution.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Stainless Steel Appliances, Built-In Range
  • Entry Floor: 1
  • Interior Amenities: Entry Level Bedroom, Floor Plan - Open, Kitchen - Galley, Sprinkler System, Combination Dining/Living
  • Fireplace: No
  • Levels Count: 1
  • Room List: Living Room, Kitchen, Bedroom 1, Laundry
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit, Main Floor
  • Total Sq Ft: 1200
  • Living Area Sq Ft: 1200
  • Price Per Sq Ft: 191.67
  • Above Grade Finished Sq Ft: 1200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 49

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete, Stone
  • Water Access: No
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Exterior Cameras, Intercom, Sprinkler System - Indoor, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 349.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Bancroft Mills
  • HOA Condo Co-Op Amenities: Elevator
  • HOA Condo Co-Op Fee Includes: All Ground Fee, Common Area Maintenance, Ext Bldg Maint, Reserve Funds, Trash, Snow Removal, Insurance
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 698.00

Schools

  • School District: RED CLAY CONSOLIDATED
  • School District Key: 300200396545
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 61300.00
  • Land Assessed Value: 10900.00
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2020
  • Zoning: 26C-6
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 2390005
  • School Tax: 1790.00
  • Tax Annual Amount: 3314.00
  • Assessor Parcel Number: 26-002.30-010.C.0013
  • Tax Lot: 010.C.0013
  • Tax Total Finished Sq Ft: 1200
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 10/09/2020

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2020
Closed on
Oct 9, 2020
Sold by
Paul L Frederic Revocable Trust
Bought by
Sweigart John Gregory and Sweigart Jennifer M
Seller's Agent
Kristin Pidgeon
Long & Foster Real Estate, Inc.
Buyer's Agent
Jeff Derp
Long & Foster Real Estate, Inc.
List Price
$230,000
Sold Price
$230,000
Current Estimated Value
$303,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,334
Avg. Annual Appreciation
5.68%
Original Mortgage
$207,000
Outstanding Balance
$148,778
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$154,556

Purchase Details

Closed on
Aug 5, 2020
Sold by
Frederic Paul L
Bought by
Frederic Paul L and Revocable Tr Aggrement With Pa

Purchase Details

Listed on
Mar 3, 2020
Closed on
Apr 17, 2020
Sold by
Gerdts Douglas Dwight
Bought by
Frederic Paul L
Seller's Agent
Kristin Pidgeon
Long & Foster Real Estate, Inc.
Buyer's Agent
Robert Harrison
Harrison Properties, Ltd.
List Price
$230,000
Sold Price
$223,250
Premium/Discount to List
-$6,750
-2.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.73%
Original Mortgage
$153,250
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2017
Sold by
Gerdts Douglas Dwight and Adams Gerdts Wallace Lynton
Bought by
Gerdts Douglas Dwight

Purchase Details

Listed on
Feb 9, 2014
Closed on
Mar 21, 2014
Sold by
George Natalie R
Bought by
Gerdts Douglas Dwight and Adams Gerdts Wallace Lynton
Seller's Agent
Stephen Mottola
Compass
Buyer's Agent
Grimly Foret
RE/MAX Elite
List Price
$169,900
Sold Price
$155,700
Premium/Discount to List
-$14,200
-8.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%
Original Mortgage
$124,550
Interest Rate
4.25%
Mortgage Type
New Conventional
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
Sweigart John Gregory -- Gellert Scali Busenkell & Brow
Frederic Paul L -- None Available
Frederic Paul L -- None Available
Gerdts Douglas Dwight -- None Available
Gerdts Douglas Dwight -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sweigart John Gregory $207,000
Previous Owner Frederic Paul L $153,250
Previous Owner Gerdts Douglas Dwight $124,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/09/2020 10/09/20 Sold $230,000 0.0% $192 / Sq Ft
09/16/2020 09/16/20 Pending -- -- --
09/15/2020 09/15/20 For Sale $230,000 +3.0% $192 / Sq Ft
04/15/2020 04/15/20 Sold $223,250 -2.9% $186 / Sq Ft View Prior Sale
03/08/2020 03/08/20 Pending -- -- --
03/03/2020 03/03/20 For Sale $230,000 +47.7% $192 / Sq Ft
03/24/2014 03/24/14 Sold $155,700 -8.4% $130 / Sq Ft View Prior Sale
03/05/2014 03/05/14 Pending -- -- --
02/09/2014 02/09/14 For Sale $169,900 -- $142 / 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 $2,253 $72,200 $10,900 $61,300
2023 $1,958 $72,200 $10,900 $61,300
2022 $1,967 $72,200 $10,900 $61,300
2021 $1,964 $72,200 $10,900 $61,300
2020 $1,975 $72,200 $10,900 $61,300
2019 $3,426 $72,200 $10,900 $61,300
2018 $766 $72,200 $10,900 $61,300
2017 $3,199 $72,200 $10,900 $61,300
2016 $3,199 $72,200 $10,900 $61,300
2015 $3,060 $72,200 $10,900 $61,300
2014 $2,905 $72,200 $10,900 $61,300
Source: Public Records

Agents Affiliated with this Home

  • Kristin Pidgeon

    Seller's Agent in 2020

    Kristin Pidgeon

    Long & Foster

    (302) 584-4355

    47 Total Sales

    Kristin Pidgeon
    Section Image
  • Jeff Derp

    Buyer's Agent in 2020

    Jeff Derp

    Long & Foster

    (302) 562-0942

    7 in this area

    97 Total Sales

    Jeff Derp
    Section Image
  • Robert Harrison

    Buyer's Agent in 2020

    Robert Harrison

    Harrison Properties, Ltd.

    (302) 545-5327

    15 in this area

    70 Total Sales

    Robert Harrison
    Section Image
  • Stephen Mottola

    Seller's Agent in 2014

    Stephen Mottola

    Compass

    (302) 437-6600

    72 in this area

    670 Total Sales

    Stephen Mottola
    Section Image
  • Kristine Mottola

    Seller Co-Listing Agent in 2014

    Kristine Mottola

    Compass

    (302) 740-5846

    27 in this area

    208 Total Sales

    Kristine Mottola
    Section Image
  • Grimly Foret

    Buyer's Agent in 2014

    Grimly Foret

    RE/MAX

    (302) 777-5987

    2 in this area

    28 Total Sales

    Grimly Foret
    Section Image
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Map

Source: Bright MLS

MLS Number: DENC508722

Bright MLS

APN: 26-002.30-010.C-0013

Delaware New Castle County Wilmington 19806 Highlands

49 Bancroft Mills Rd Unit 2D, Wilmington, DE

This home is located at 49 Bancroft Mills Rd Unit 2D, Wilmington, DE 19806 since 15 September 2020 and is currently estimated at $303,334, approximately $252 per square foot. This property was built in 1992. 49 Bancroft Mills Rd Unit 2D is a home located in New Castle County with nearby schools including Joseph E. Johnson Elementary School, Alexis I. du Pont Middle School, and Alexis I. du Pont High School.

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