NOT LISTED FOR SALE

505 Marion Ave Wilmington, DE 19809

Estimated Value: $400,000 - $470,000

3 Beds
3 Baths
3,078 Sq Ft
$142/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $365,000 $119 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,606/month

Highlights

  • River View
  • Colonial Architecture
  • Den
  • Pierre S. Dupont Middle School Rated A-
  • No HOA
  • 2 Car Detached Garage

About This Home

As of March 2022

Overall, for this property --- FOUR BEDROOMS and FOUR BATHS. Are you tired of what Realtors ordinarily write for a description? Well, this will be different. Promise! Welcome to the Town of Bellefonte. (Do you know this historic pocket of suburban North Wilmington?) This property is walking distance (only 2 buildings between this property and the center of Bellefonte.) Because Bellefonte is historic and unique, there are 2 permitted uses for zoning. RESIDENTIAL. APARTMENT. See maps in Documents section and pictures. BIG HOUSE. Granite kitchen. Awesome appliances. Efficient gas heat and heat pump depending upon where you are in the house. THIRD FLOOR MAN CAVE. Really! Mostly finished area that needs only a little work (carpet is there, just not installed) to make the entire third floor the perfect place to hide, except this MAN CAVE has natural light and overlooks neighbors which makes it perfect. TREX is on all porches and balcony. See pictures. And behind the BIG MAIN house, see the DETACHED 2-car garage. And above the 2-car garage, there is a LEGAL APARTMENT for income producing space or guests and extended family. Unusual is an understatement. (Intrigued?) Main house is 3 bedrooms with 3 full baths. Yes, one of the bedrooms is on the first floor! Above the detached 2-car garage find the Apartment with one more bedroom and one more bath. That makes a total of FOUR BEDROOMS and FOUR BATHS. Updates throughout! SIX FOOT PRIVACY FENCE for the entire rear yard at the house. Off Street parking. (BIG DRIVEWAY) that takes you to the detached 2-car garage with the APARTMENT above. County tax records are not accurate as County underestimated size, age, updates, and more. Nope! You have never seen anything like this. But you can see it. And you can own it.

Last Agent to Sell the Property

Will Webber

Empower Real Estate, LLC License #R1-0002774 Listed on: 12/04/2021

Empower Real Estate, LLC

Last Buyer's Agent

David Sordelet

Real Broker, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,116

Year Built

  • Built in 1925 | Remodeled in 2020

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100.00
  • Property is zoned 17R2, Two acceptable uses. Residential. Apartment. See MLS Documents and Agent Remarks here.

Parking

  • 2 Car Detached Garage
  • 6 Driveway Spaces
  • Parking Storage or Cabinetry
  • Side Facing Garage
  • Garage Door Opener
  • Fenced Parking

Home Design

  • Colonial Architecture
  • Shingle Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 3,078 Sq Ft Home
  • Property has 3 Levels
  • Double Pane Windows
  • Double Hung Windows
  • Living Room
  • Dining Room
  • Den
  • River Views

Kitchen

  • Gas Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Laundry

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

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Bellefonte Subdivision

Listing and Financial Details

  • Tax Lot 063
  • Assessor Parcel Number 17-002.00-063

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,116

Year Built

Built in 1925 | Remodeled in 2020

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Expected On Market: 2021-12-04
  • Year Built: 1925
  • Year Renovated: 2020
  • Automatically Close On Close Date: Yes
  • Remarks Public: Overall, for this property --- FOUR BEDROOMS and FOUR BATHS. Are you tired of what Realtors ordinarily write for a description? Well, this will be different. Promise! Welcome to the Town of Bellefonte. (Do you know this historic pocket of suburban North Wilmington?) This property is walking distance (only 2 buildings between this property and the center of Bellefonte.) Because Bellefonte is historic and unique, there are 2 permitted uses for zoning. RESIDENTIAL. APARTMENT. See maps in Documents section and pictures. BIG HOUSE. Granite kitchen. Awesome appliances. Efficient gas heat and heat pump depending upon where you are in the house. THIRD FLOOR MAN CAVE. Really! Mostly finished area that needs only a little work (carpet is there, just not installed) to make the entire third floor the perfect place to hide, except this MAN CAVE has natural light and overlooks neighbors which makes it perfect. TREX is on all porches and balcony. See pictures. And behind the BIG MAIN house, see the DETACHED 2-car garage. And above the 2-car garage, there is a LEGAL APARTMENT for income producing space or guests and extended family. Unusual is an understatement. (Intrigued?) Main house is 3 bedrooms with 3 full baths. Yes, one of the bedrooms is on the first floor! Above the detached 2-car garage find the Apartment with one more bedroom and one more bath. That makes a total of FOUR BEDROOMS and FOUR BATHS. Updates throughout! SIX FOOT PRIVACY FENCE for the entire rear yard at the house. Off Street parking. (BIG DRIVEWAY) that takes you to the detached 2-car garage with the APARTMENT above. County tax records are not accurate as County underestimated size, age, updates, and more. Nope! You have never seen anything like this. But you can see it. And you can own it.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven/Range - Gas, Dishwasher, Washer, Dryer
  • Window Features: Double Hung, Double Pane
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Other
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Den, Laundry, Bathroom 1, Bathroom 3
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 3078
  • Living Area Sq Ft: 3078
  • Price Per Sq Ft: 133.20
  • Above Grade Finished Sq Ft: 3078
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 505

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Aluminum Siding
  • Road Surface Type: Black Top
  • Roof: Shingle
  • View: River, Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Fenced, Paved Driveway, Paved Parking
  • Garage Features: Additional Storage Area, Garage - Side Entry, Garage Door Opener
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Detached Garage, Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: BRANDYWINE
  • School District Key: 300200396892
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Improvement Assessed Value: 68400.00
  • Land Assessed Value: 8100.00
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Year Assessed: 2021
  • Zoning: 17R2
  • Zoning Description: Two acceptable uses. Residential. Apartment. See MLS Documents and Agent Remarks here.
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2367061
  • School Tax: 2072.00
  • Tax Annual Amount: 3116.00
  • Assessor Parcel Number: 17-002.00-063
  • Tax Lot: 063
  • Tax Total Finished Sq Ft: 525
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 03/31/2022

MLS Schools

  • School District Name: BRANDYWINE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2021
Closed on
Mar 31, 2022
Sold by
Taylor Mark H
Bought by
Tanyi Emmanuel Bessem
Seller's Agent
Will Webber
Empower Real Estate, LLC
Buyer's Agent
David Sordelet
Real Broker, LLC
List Price
$425,000
Sold Price
$365,000
Premium/Discount to List
-$60,000
-14.12%
Current Estimated Value
$437,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,320
Avg. Annual Appreciation
5.60%
Original Mortgage
$346,750
Outstanding Balance
$327,202
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$113,270

Purchase Details

Closed on
Oct 20, 2009
Sold by
Lokey Dolores Elaine
Bought by
Lokey Doloroes Elaine and Taylor Mark H
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
Tanyi Emmanuel Bessem -- Ward & Taylor Llc
Lokey Doloroes Elaine $50,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tanyi Emmanuel Bessem $346,750
Closed Tanyi Emmanuel Bessem $346,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $365,000 -11.0% $119 / Sq Ft
01/04/2022 01/04/22 Price Changed $410,000 -3.5% $133 / Sq Ft
12/04/2021 12/04/21 For Sale $425,000 -- $138 / 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 $2,900 $76,500 $8,100 $68,400
2023 $2,652 $76,500 $8,100 $68,400
2022 $2,698 $76,500 $8,100 $68,400
2021 $17,125 $76,500 $8,100 $68,400
2020 $13,185 $76,500 $8,100 $68,400
2019 $4,220 $76,500 $8,100 $68,400
2018 $321 $76,500 $8,100 $68,400
2017 -- $76,500 $8,100 $68,400
2016 -- $76,500 $8,100 $68,400
2015 $634 $41,500 $8,100 $33,400
2014 $634 $41,500 $8,100 $33,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2011292

Bright MLS

APN: 17-002.00-063