NOT LISTED FOR SALE

49 Bancroft Mills Rd Unit P11 Wilmington, DE 19806

Highlands Neighborhood

Estimated Value: $364,000 - $468,000

2 Beds
2.5 Baths
2,321 Sq Ft
$741/mo HOA Fee

Last Sold July 21, 2023

Last sale price $471,000 $203 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $3,346/month

3 Days on Market

Highlights

  • Penthouse
  • Elevator
  • Dogs and Cats Allowed
  • Traditional Architecture
  • Central Air
  • Heat Pump System

About This Home

As of July 2023

Welcome to your dream home at historic Bancroft Mills! This stunning penthouse unit P11 is a fully renovated 2-bedroom, 2.5-bathroom condo with ultra high-end finishes and beautiful original architectural details throughout. This move-in ready home offers over 2,300 square feet of living space, making it one of the largest units in the building, and it boasts superlative views of the Brandywine Creek. As you step inside, you'll be greeted by a large foyer featuring travertine floors, a custom console table, and designer lighting. Just off of the foyer is the second bedroom, complete with its own private bath, perfect for guests or as an office or study. The first floor also includes plenty of storage space, so you'll have room for all your belongings. The primary bedroom, located on the main level, features custom built-in cabinetry for ample storage space and plenty of natural light. Both bedrooms are large and have fully renovated en-suite bathrooms and walk-in closets, ensuring your privacy and comfort. The main living area on the second level is spacious and filled with natural light, with high ceilings and a skylight in the kitchen. The den showcases exposed brick and a custom bar with built-in wine fridge, making it perfect for entertaining or additional dining space. The luxury kitchen features custom cabinetry, high-end appliances, induction stove, granite countertops, designer light fixtures, and a large and spacious layout which opens up into the living room. The living room has ample lighting and can easily accommodate additional dining space, with spectacular views of the Brandywine Creek and Alapocas Woods Park. Hand scraped maple wood floors throughout the home add warmth and beauty, while custom design features and additions, such as the additional square footage in the living room and window added by the owner, make this unit truly unique. Monthly association fee includes common area maintenance, exterior building maintenance, management, snow removal, trash and water/sewer. Bancroft Mills is located in the desirable Rockford Park neighborhood, with access to walking/hiking trails in Rockford Park and Alapocas State Park. You'll be within walking distance of the Delaware Art Museum and Trolley Square hot spots, and close to I95 and all major highways. (Note - Listing and co-listing agents are related to the seller.) Most furniture and fixtures are being offered for sale. Don't miss this opportunity to own one of the most stunning condos in Bancroft Mills!

Last Agent to Sell the Property

Vincent Trombetta

Long & Foster Real Estate, Inc. License #RS-0025793 Listed on: 05/17/2023

Long & Foster Real Estate, Inc.

Co-Listed By

Andrew Lambrow

Long & Foster Real Estate, Inc. License #RS0025794

Last Buyer's Agent

Susie Hall-Mathews

Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,720

Year Built

  • Built in 1992

HOA Fees

  • $741 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Penthouse
  • Traditional Architecture
  • Frame Construction

Interior Spaces

  • 2,321 Sq Ft Home
  • Property has 2 Levels
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 010.C.0042
  • Assessor Parcel Number 26-002.30-010.C.0042

Community Details

Overview

  • $1,480 Capital Contribution Fee
  • Association fees include trash, snow removal, reserve funds, management, insurance, exterior building maintenance, common area maintenance, water
  • Low-Rise Condominium
  • Bancroft Mills Community
  • Bancroft Mills Subdivision

Amenities

  • Common Area
  • Elevator

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,720

Year Built

Built in 1992

Lot Details

0

HOA Fees

$741 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Traditional
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-05-17
  • Year Built: 1992
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 1
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 2321
  • Living Area Sq Ft: 2321
  • Price Per Sq Ft: 180.96
  • Above Grade Finished Sq Ft: 2321
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 49

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • 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: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 741.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Elevator, Common Grounds
  • HOA Condo Co-Op Fee Includes: Trash, Snow Removal, Reserve Funds, Management, Insurance, Ext Bldg Maint, Common Area Maintenance, Water
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 1480.00

Schools

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

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2022
  • Zoning: 26C-6
  • In City Limits: Yes

Rental Info

  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • School Tax: 3088.00
  • Tax Annual Amount: 5720.00
  • Assessor Parcel Number: 26-002.30-010.C.0042
  • Tax Lot: 010.C.0042
  • Tax Total Finished Sq Ft: 2321
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 07/21/2023

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2023
Closed on
Jul 21, 2023
Sold by
Lambrow Nicholas and Lambrow Diane
Bought by
Moyer Eileen B
Seller's Agent
Vincent Trombetta
Long & Foster Real Estate, Inc.
Buyer's Agent
Susie Hall-Mathews
Long & Foster Real Estate, Inc.
List Price
$420,000
Sold Price
$471,000
Premium/Discount to List
$51,000
12.14%
Views
440
Current Estimated Value
$429,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$41,204
Avg. Annual Appreciation
-5.25%

Purchase Details

Closed on
Aug 25, 2011
Bought by
Lambrow Nicholas and Lambrow Diane

Purchase Details

Closed on
May 23, 2011
Sold by
Luu Tuong T
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 18, 2006
Sold by
Gross James R and Gross Daniel Hitchens
Bought by
Luu Tuong T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,900
Interest Rate
6.83%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 6, 2004
Sold by
Bryan Trudy M
Bought by
Gross James R and Gross Daniel Hitchens

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,800
Interest Rate
4.5%
Mortgage Type
Unknown
Source: Public Records

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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
Moyer Eileen B -- None Listed On Document
Lambrow Nicholas $145,000 --
Federal National Mortgage Association $243,492 None Available
Luu Tuong T $319,900 None Available
Gross James R $256,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lambrow Nicholas $185,000
Previous Owner Luu Tuong T $287,900
Previous Owner Gross James R $204,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2023 07/21/23 Sold $471,000 +12.1% $203 / Sq Ft
05/21/2023 05/21/23 Pending -- -- --
05/17/2023 05/17/23 For Sale $420,000 -- $181 / 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 $3,897 $124,900 $19,800 $105,100
2023 $3,387 $124,900 $19,800 $105,100
2022 $3,403 $124,900 $19,800 $105,100
2021 $3,397 $124,900 $19,800 $105,100
2020 $3,416 $124,900 $19,800 $105,100
2019 $5,927 $124,900 $19,800 $105,100
2018 $3,401 $124,900 $19,800 $105,100
2017 $3,395 $124,900 $19,800 $105,100
2016 $3,217 $124,900 $19,800 $105,100
2015 $5,293 $124,900 $19,800 $105,100
2014 $5,025 $124,900 $19,800 $105,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2042550

Bright MLS

APN: 26-002.30-010.C-0042