Seller's Agent in 2022
Lauri Brockson
Patterson Schwartz
(302) 383-0147
16 in this area
179 Total Sales
517 Wake Forest Dr Newark, DE 19713
Estimated Value: $653,758 - $748,000
4
Beds
2.5
Baths
3,575
Sq Ft
$196/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Cul-De-Sac
- 2 Car Attached Garage
- West Park Place Elementary School Rated A-
- Fireplace
- Living Room
About This Home
As of August 2022Welcome to 517 Wake Forest Drive. This impeccably maintained home sits on a quiet cul-de-sac on one the prettiest lots in the highly sought after Academy Hills neighborhood. The drive up the picturesque street is sure to impress! The home backs to open space and the amazing sunset views from the expansive deck can not be beat - you can see for miles! The yard features extensive plantings and a sprinkler system to make maintaining the lawn easier. This lovely home features a soaring light filled entryway, beautiful wainscoting, a formal living room and dining room, and a turned staircase with access from the front and back of the home. Where this house really shines is at the rear of the home. A gorgeous kitchen, redone in 2018, features an island and a huge peninsula, a butlers pantry and shares an impressive two sided gas fireplace with the comfortable family room. This two story space is light filled yet cozy and is the perfect spot for relaxing! Tucked behind the kitchen is a very generously sized office space with beautiful views of the backyard for when you need to take a quick break from working from home. A powder room and the laundry room round out the main floor. The second floor features three guest bedrooms and a primary suite that is bigger than some apartments. It features a tray ceiling and a cozy sitting area, two walk in closets and a beautiful bath complete with soaking tub. There is a full basement, perfect for storage and work out space, or finish it for more living space, as well as an amazing three season sun room. So many possibilities - a she shed, man cave, cigar bar or reading nook - this room is a quiet tucked away retreat and the perfect spot to watch the wildlife. This home in the coveted Newark Charter School Five Mile Radius, is in pristine condition. Make your appointment today!
Last Agent to Sell the Property
(302) 733-7000 ccashman@psre.com Patterson-Schwartz-Newark Listed on: 06/24/2022
Co-Listed By
(302) 733-7000 ccashman@psre.com Patterson-Schwartz-Newark License #RS0025698
Last Buyer's Agent
(302) 442-4200 jessicastiner@remax.net RE/MAX Edge License #R1-0003051
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,675
Year Built
- Built in 2004
Lot Details
- 0.27 Acre Lot
- Cul-De-Sac
- Sprinkler System
- Property is zoned UDC
HOA Fees
- $23 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- 4 Driveway Spaces
- Front Facing Garage
- On-Street Parking
- Off-Street Parking
Home Design
- Colonial Architecture
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 3,575 Sq Ft Home
- Property has 2 Levels
- Fireplace
- Family Room
- Living Room
- Dining Room
- Basement Fills Entire Space Under The House
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
Accessible Home Design
- More Than Two Accessible Exits
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
Community Details
- Academy Hill Subdivision
Listing and Financial Details
- Assessor Parcel Number 1100820173
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 24, 2022
Closed on
Aug 17, 2022
Sold by
Martinelli Thomas F
Bought by
Duan Yizhu and Jiang Sizhang
Seller's Agent
Lauri Brockson
Patterson-Schwartz-Newark
Buyer's Agent
Juliet Zhang
RE/MAX Edge
List Price
$565,000
Sold Price
$615,000
Premium/Discount to List
$50,000
8.85%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,205
Avg. Annual Appreciation
3.94%
Purchase Details
Closed on
Sep 27, 2007
Sold by
Lee Su Chul and Lee Seong Jin
Bought by
Martinelli Thomas F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,000
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 2, 2004
Sold by
Magness Construction Co
Bought by
Lee Su Chul and Lee Seong Jin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,400
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Duan Yizhu | -- | Ward & Taylor Llc | |
| Martinelli Thomas F | $477,000 | None Available | |
| Lee Su Chul | $386,815 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Martinelli Thomas F | $282,000 | |
| Previous Owner | Lee Su Chul | $283,400 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/17/2022 08/17/22 | Sold | $615,000 | +8.8% | $172 / Sq Ft |
| 06/26/2022 06/26/22 | Pending | -- | -- | -- |
| 06/24/2022 06/24/22 | For Sale | $565,000 | -- | $158 / Sq Ft |
Source: Bright MLS
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 | -- | $135,700 | $13,400 | $122,300 |
| 2023 | $5,831 | $135,700 | $13,400 | $122,300 |
| 2022 | $5,797 | $135,700 | $13,400 | $122,300 |
| 2021 | $5,676 | $135,700 | $13,400 | $122,300 |
| 2020 | $5,533 | $135,700 | $13,400 | $122,300 |
| 2019 | $5,079 | $135,700 | $13,400 | $122,300 |
| 2018 | $149 | $135,700 | $13,400 | $122,300 |
| 2017 | $4,598 | $135,700 | $13,400 | $122,300 |
| 2016 | $4,598 | $135,700 | $13,400 | $122,300 |
| 2015 | $4,203 | $135,700 | $13,400 | $122,300 |
| 2014 | $4,220 | $135,700 | $13,400 | $122,300 |
Source: Public Records
Agents Affiliated with this Home
-
Lauri Brockson
-
Andrea Carbaugh
Seller Co-Listing Agent in 2022
Andrea Carbaugh
Patterson Schwartz
(302) 547-2392
2 in this area
40 Total Sales
-
Juliet Zhang
Buyer's Agent in 2022
Juliet Zhang
RE/MAX
(302) 521-6066
10 in this area
92 Total Sales
Map
Source: Bright MLS
MLS Number: DENC2025584
APN: 11-008.20-173
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