NOT LISTED FOR SALE

523 Faraday Rd Hockessin, DE 19707

Estimated Value: $453,000 - $560,000

4 Beds
2.5 Baths
2,000 Sq Ft
$263/Sq Ft Est. Value

Last Sold October 11, 2019

Last sale price $370,000 $185 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $3,258/month

12 Days on Market

Highlights

  • Colonial Architecture
  • Space For Rooms
  • 3 Garage Spaces | 2 Direct Access and 1 Detached
  • Dupont (H.B.) Middle School Rated A
  • 1 Fireplace
  • Living Room

About This Home

As of October 2019

Welcome Home! This exquisite 4 bedroom, 2 1/2 bath home is located in the heart of Hockessin in the highly desirable Gateway Farms. The front porch welcomes you and gives way to beautiful hardwood floors as you enter the foyer and continue into the spacious living room and formal dining room. The eat in kitchen has beautiful updates and flows nicely into the family room with gas fireplace. The laundry room situated on the main floor offers a laundry chute from the 2nd floor, and leads to the attached 2 car garage. A lovely half bath and walk in coat closet lead to the partially open stairway. Upstairs you will find a beautiful Master bedroom with a stunning Master bathroom. The 2nd bath upstairs is newly renovated, and all of the bedrooms are spacious. There is a large walk-in closet over the garage that leads to walk in attic storage. If you need more storage room, the spacious, open basement offers plenty of room for storage or hobbies. This home is situated on a large corner lot with a fenced back yard, patio area, and huge trex deck (25 x 25) with vinyl railings, a covered porch area and a built in natural gas grill! There is also room for an extra car in the outdoor garage building. It has a custom paver driveway, garage door opener, and room for storage and a workspace even while the car is parked inside. All of this and there is still plenty of room for the raised garden boxes, playset, and open space. This one won't last long!

Last Agent to Sell the Property

Stacie Burris

Douglas Realty, LLC License #Rs-0025397 Listed on: 07/30/2019

Douglas Realty, LLC

Last Buyer's Agent

Delcollo & Salva Team

Patterson-Schwartz-Hockessin License #2439772

Patterson-Schwartz-Hockessin

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,833

Year Built

  • Built in 1970

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 91.40 x 148.60
  • Property is zoned NC10

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 3 Garage Spaces | 2 Direct Access and 1 Detached
  • 4 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Side Facing Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Asbestos

Interior Spaces

  • 2,000 Sq Ft Home
  • Property has 2 Levels
  • 1 Fireplace
  • Family Room
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level

Partially Finished Basement

  • Partial Basement
  • Sump Pump
  • Shelving
  • Space For Rooms

Schools

  • Brandywine Springs Elementary School

Additional Features

  • Level Entry For Accessibility
  • Forced Air Heating and Cooling System

Community Details

  • Association fees include snow removal
  • HOA Optional HOA
  • Gateway Farms Subdivision

Listing and Financial Details

  • Tax Lot 078
  • Assessor Parcel Number 08-013.10-078

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,833

Year Built

Built in 1970

Lot Details

0

HOA Fees

$4 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Exclusions: Washer and Dryer
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1970
  • Remarks Public: Welcome Home! This exquisite 4 bedroom, 2 1/2 bath home is located in the heart of Hockessin in the highly desirable Gateway Farms. The front porch welcomes you and gives way to beautiful hardwood floors as you enter the foyer and continue into the spacious living room and formal dining room. The eat in kitchen has beautiful updates and flows nicely into the family room with gas fireplace. The laundry room situated on the main floor offers a laundry chute from the 2nd floor, and leads to the attached 2 car garage. A lovely half bath and walk in coat closet lead to the partially open stairway. Upstairs you will find a beautiful Master bedroom with a stunning Master bathroom. The 2nd bath upstairs is newly renovated, and all of the bedrooms are spacious. There is a large walk-in closet over the garage that leads to walk in attic storage. If you need more storage room, the spacious, open basement offers plenty of room for storage or hobbies. This home is situated on a large corner lot with a fenced back yard, patio area, and huge trex deck (25 x 25) with vinyl railings, a covered porch area and a built in natural gas grill! There is also room for an extra car in the outdoor garage building. It has a custom paver driveway, garage door opener, and room for storage and a workspace even while the car is parked inside. All of this and there is still plenty of room for the raised garden boxes, playset, and open space. This one won't last long!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Kitchen, Family Room, Laundry
  • Basement: Yes
  • Basement Type: Partial, Partially Finished, Shelving, Sump Pump, Space For Rooms
  • Laundry Type: Main Floor
  • Total Sq Ft: 2000
  • Living Area Sq Ft: 2000
  • Price Per Sq Ft: 184.50
  • Above Grade Finished Sq Ft: 2000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 523

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Asbestos
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Open Parking Spaces Count: 4
  • Garage Features: Garage - Front Entry, Garage - Side Entry, Inside Access, Oversized, Additional Storage Area
  • Attached Garage Spaces: 2
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 7
  • Type Of Parking: Attached Garage, Detached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 50.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Snow Removal
  • HOA Name: HOA OPTIONAL
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: RED CLAY CONSOLIDATED
  • Elementary School: BRANDYWINE SPRINGS SCHOOL
  • Elementary School Source: 3rd Party
  • School District Key: 300200396545
  • School District Source: 3rd Party
  • Elementary School: BRANDYWINE SPRINGS SCHOOL

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 70400.00
  • Land Assessed Value: 15700.00
  • Lot Size Acres: 0.34
  • Lot Dimensions: 91.40 x 148.60
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 14810.00
  • Year Assessed: 2018
  • Zoning: NC10
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2266782
  • School Tax: 2119.00
  • Tax Annual Amount: 2833.00
  • Assessor Parcel Number: 08-013.10-078
  • Tax Lot: 078
  • Tax Total Finished Sq Ft: 1800
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 10/11/2019

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2019
Closed on
Oct 11, 2019
Sold by
Ptomey Thomas D and Ptomey Patricia A
Bought by
Worth Michael and Worth Laurel
Seller's Agent
Stacie Burris
Douglas Realty, LLC
Buyer's Agent
Delcollo & Salva Team
Patterson-Schwartz-Hockessin
List Price
$369,000
Sold Price
$370,000
Premium/Discount to List
$1,000
0.27%
Current Estimated Value
$534,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,509
Avg. Annual Appreciation
6.31%
Original Mortgage
$351,500
Outstanding Balance
$312,473
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$215,746

Purchase Details

Closed on
Nov 23, 1994
Bought by
Ptomey Thomas D and Ptomey Patricia A
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
Worth Michael -- None Available
Ptomey Thomas D $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Worth Michael $351,500
Previous Owner Ptomey Thomas D $75,000
Previous Owner Ptomey Thomas D $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2019 10/11/19 Sold $370,000 +0.3% $185 / Sq Ft
08/11/2019 08/11/19 Pending -- -- --
07/30/2019 07/30/19 For Sale $369,000 -- $185 / 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 $3,624 $94,600 $15,700 $78,900
2023 $3,214 $94,600 $15,700 $78,900
2022 $3,232 $94,600 $15,700 $78,900
2021 $3,228 $94,600 $15,700 $78,900
2020 $3,229 $94,600 $15,700 $78,900
2019 $3,154 $86,100 $15,700 $70,400
2018 $241 $86,100 $15,700 $70,400
2017 $2,714 $86,100 $15,700 $70,400
2016 $2,714 $86,100 $15,700 $70,400
2015 $2,551 $86,100 $15,700 $70,400
2014 $2,370 $86,100 $15,700 $70,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC484232

Bright MLS

APN: 08-013.10-078