NOT LISTED FOR SALE

49 Bancroft Mills Rd Unit P14 Wilmington, DE 19806

Highlands Neighborhood

Estimated Value: $451,000 - $509,000

2 Beds
2.5 Baths
2,165 Sq Ft
$794/mo HOA Fee

Last Sold September 30, 2024

Last sale price $480,000 $222 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,629/month

61 Days on Market

Highlights

  • Penthouse
  • Instant Hot Water
  • Dogs and Cats Allowed
  • Contemporary Architecture
  • Forced Air Heating and Cooling System

About This Home

As of September 2024

Welcome to Unit P14, an absolutely stunning two bedroom, two and a half bath penthouse condo in Bancroft Mills overlooking the Brandywine River and Alapocas State Park. This is your opportunity to own one of the largest, fully renovated penthouse units with river views set within the former nineteenth century Bancroft Cotton Mill. The unit oozes cool, with highlights galore, effortlessly blending high end modern conveniences, and the historic beauty of the old mill. The impressively spacious unit has an open floorplan chef's kitchen including stainless steel appliances, enormous Sub Zero Fridge with a built-in wine cooler, granite counters with an eat-up bar, stone backsplash, chandelier lighting, and a farmhouse sink. From the large living room windows, enjoy the views of Alapocos Park with the Brandywine River lazing by below. The generously sized dining room off of the kitchen makes a wonderful place to entertain. The dining room, kitchen, and living room are all part of an open floor plan with high cathedral ceilings and exposed wood beams. Tucked away spaces such as the pantry, powder room, and laundry are thoughtfully placed within that floorplan. On the same floor, the main bedroom is appointed with a walk-in closet, and a renovated ensuite bathroom complete with high end finishes. Moving to the lower floor, the spacious second bedroom contains a built-in bed nook, shelving, and a large walk-in closet. The second full bath has been completely renovated including dual sinks, tile floors, and all new shower system. Other notable highlights of the unit include high end on demand tankless hot water, lighting upgrades throughout, new oversized Samsung Washer and Dryer, newer kitchen appliances, built in and additional storage hidden in the foyer ( behind the mirror!), and fresh paint and flooring in many of the rooms. Convenient to walking, hiking, and biking trails along and around the Brandywine River, the Delaware Art Museum, the shops in Trolley Square, downtown Wilmington, I-95, and the 202 corridor Bancroft Mills is close to it all. Every detail in the unit has been taken care of for you. Fully move in ready and available now, this is a MUST see unit in person, so make an appointment today. *Renovation of pedestrian bridge will be completed 2025.

Last Agent to Sell the Property

Jeffrey Preininger

Long & Foster Real Estate, Inc. Listed on: 06/13/2024

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Kate Bianchino

Patterson-Schwartz - Greenville License #RS-329263

Patterson-Schwartz - Greenville

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,408

Year Built

  • Built in 1992

HOA Fees

  • $794 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Penthouse
  • Contemporary Architecture

Interior Spaces

  • 2,165 Sq Ft Home
  • Property has 2 Levels
  • Instant Hot Water
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 010.C.0045
  • Assessor Parcel Number 26-002.30-010.C.0045

Community Details

Overview

  • Association fees include water, sewer, parking fee, snow removal, common area maintenance
  • Low-Rise Condominium
  • Bancroft Mills Community
  • Bancroft Mills Subdivision

Amenities

  • Common Area

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,408

Year Built

Built in 1992

Lot Details

0

HOA Fees

$794 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1992
  • Automatically Close On Close Date: Yes
  • Remarks Public: Welcome to Unit P14, an absolutely stunning two bedroom, two and a half bath penthouse condo in Bancroft Mills overlooking the Brandywine River and Alapocas State Park. This is your opportunity to own one of the largest, fully renovated penthouse units with river views set within the former nineteenth century Bancroft Cotton Mill. The unit oozes cool, with highlights galore, effortlessly blending high end modern conveniences, and the historic beauty of the old mill. The impressively spacious unit has an open floorplan chef's kitchen including stainless steel appliances, enormous Sub Zero Fridge with a built-in wine cooler, granite counters with an eat-up bar, stone backsplash, chandelier lighting, and a farmhouse sink. From the large living room windows, enjoy the views of Alapocos Park with the Brandywine River lazing by below. The generously sized dining room off of the kitchen makes a wonderful place to entertain. The dining room, kitchen, and living room are all part of an open floor plan with high cathedral ceilings and exposed wood beams. Tucked away spaces such as the pantry, powder room, and laundry are thoughtfully placed within that floorplan. On the same floor, the main bedroom is appointed with a walk-in closet, and a renovated ensuite bathroom complete with high end finishes. Moving to the lower floor, the spacious second bedroom contains a built-in bed nook, shelving, and a large walk-in closet. The second full bath has been completely renovated including dual sinks, tile floors, and all new shower system. Other notable highlights of the unit include high end on demand tankless hot water, lighting upgrades throughout, new oversized Samsung Washer and Dryer, newer kitchen appliances, built in and additional storage hidden in the foyer ( behind the mirror!), and fresh paint and flooring in many of the rooms. Convenient to walking, hiking, and biking trails along and around the Brandywine River, the Delaware Art Museum, the shops in Trolley Square, downtown Wilmington, I-95, and the 202 corridor Bancroft Mills is close to it all. Every detail in the unit has been taken care of for you. Fully move in ready and available now, this is a MUST see unit in person, so make an appointment today. *Renovation of pedestrian bridge will be completed 2025.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Fireplace: No
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 2165
  • Living Area Sq Ft: 2165
  • Price Per Sq Ft: 221.66
  • Above Grade Finished Sq Ft: 2165
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 49

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination
  • 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: Forced Air
  • Heating: Yes
  • Hot Water: Instant Hot Water
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 794.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: 1
  • HOA Condo Co-Op Amenities: Common Grounds
  • HOA Condo Co-Op Fee Includes: Water, Sewer, Parking Fee, Snow Removal, Common Area Maintenance
  • HOA: No
  • Senior Community: No

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

  • Ground Rent Exists: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • School Tax: 2919.00
  • Tax Annual Amount: 5408.00
  • Assessor Parcel Number: 26-002.30-010.C.0045
  • Tax Lot: 010.C.0045
  • Tax Total Finished Sq Ft: 2165
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 09/30/2024

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2024
Closed on
Sep 12, 2024
Sold by
Kauffmann Travis C
Bought by
Corn Cheryl L
Seller's Agent
Jeffrey Preininger
Long & Foster Real Estate, Inc.
Buyer's Agent
Kate Bianchino
Patterson-Schwartz - Greenville
List Price
$495,000
Sold Price
$480,000
Premium/Discount to List
-$15,000
-3.03%
Views
240
Current Estimated Value
$476,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,785
Avg. Annual Appreciation
0.24%
Original Mortgage
$384,000
Outstanding Balance
$381,511
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$99,307

Purchase Details

Listed on
Apr 4, 2020
Closed on
May 27, 2020
Sold by
Wright Christopher B and Wright Lori M
Bought by
Kauffmann Travis C
Seller's Agent
kevin odle
Long & Foster Real Estate, Inc.
Buyer's Agent
Jeffrey Preininger
Long & Foster Real Estate, Inc.
List Price
$369,000
Sold Price
$369,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.23%

Purchase Details

Closed on
Jan 9, 2015
Bought by
Hershman Douglas M and Hershman Deborah S

Purchase Details

Closed on
Mar 4, 2011
Sold by
Meyer John M and Johnson Joseph F
Bought by
King Brian Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
4.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2007
Sold by
Messer Thomas J and Messer Charissa L
Bought by
Meyer John M and Johnson Joseph F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.41%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 15, 2003
Sold by
Narwold Christopher D and Narwold Karen G
Bought by
Messer Thomas J and Messer Charrissa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.11%

Purchase Details

Closed on
Aug 28, 2002
Sold by
Lubin Andrew M and Lubin Sarah S
Bought by
Narwold Christopher D and Narwold Karen G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.39%
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
Corn Cheryl L $480,000 None Listed On Document
Kauffmann Travis C -- None Available
Hershman Douglas M -- --
King Brian Douglas $310,000 None Available
Meyer John M $372,500 None Available
Messer Thomas J $240,000 Transnation Title Ins Co
Narwold Christopher D $215,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corn Cheryl L $384,000
Previous Owner King Brian Douglas $279,000
Previous Owner Meyer John M $270,000
Previous Owner Meyer John M $25,000
Previous Owner Messer Thomas J $76,400
Previous Owner Messer Thomas J $256,000
Previous Owner Messer Thomas J $64,000
Previous Owner Messer Thomas J $228,000
Previous Owner Narwold Christopher D $172,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2024 09/30/24 Sold $480,000 0.0% $222 / Sq Ft
08/13/2024 08/13/24 Pending -- -- --
07/08/2024 07/08/24 Price Changed $479,900 -3.1% $222 / Sq Ft
06/13/2024 06/13/24 For Sale $495,000 +34.1% $229 / Sq Ft
05/27/2020 05/27/20 Sold $369,000 0.0% $170 / Sq Ft
04/05/2020 04/05/20 Pending -- -- --
04/04/2020 04/04/20 For Sale $369,000 +6.6% $170 / Sq Ft
05/31/2019 05/31/19 Sold $346,000 +1.8% $160 / Sq Ft
03/08/2019 03/08/19 Pending -- -- --
03/06/2019 03/06/19 For Sale $339,900 -- $157 / 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 $3,685 $118,100 $18,500 $99,600
2023 $3,203 $118,100 $18,500 $99,600
2022 $3,217 $118,100 $18,500 $99,600
2021 $3,230 $118,100 $18,500 $99,600
2020 $3,230 $118,100 $18,500 $99,600
2019 $5,604 $118,100 $18,500 $99,600
2018 $822 $118,100 $18,500 $99,600
2017 $5,233 $118,100 $18,500 $99,600
2016 $5,233 $118,100 $18,500 $99,600
2015 $5,005 $118,100 $18,500 $99,600
2014 $4,751 $118,100 $18,500 $99,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2062690

Bright MLS

APN: 26-002.30-010.C-0045