523 Faraday Rd Hockessin, DE 19707
Estimated Value: $478,000 - $549,000
4
Beds
2.5
Baths
2,000
Sq Ft
$263/Sq Ft
Est. Value
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 2019Welcome 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
Douglas Realty, LLC License #Rs-0025397 Listed on: 07/30/2019
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
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%
Total Days on Market
12
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
$155,192
Avg. Annual Appreciation
6.03%
Original Mortgage
$351,500
Outstanding Balance
$312,473
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$202,482
Purchase Details
Closed on
Nov 23, 1994
Bought by
Ptomey Thomas D and Ptomey Patricia A
Similar Homes in Hockessin, DE
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Home Values in the Area
Average Home Value in this Area
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
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
-
Stacie Burris
Seller's Agent in 2019
Stacie Burris
Douglas Realty, LLC
(302) 463-8019
44 Total Sales
-
Delcollo & Salva Team
Buyer's Agent in 2019
Delcollo & Salva Team
Patterson Schwartz
(302) 383-3576
13 in this area
249 Total Sales
Map
Source: Bright MLS
MLS Number: DENC484232
APN: 08-013.10-078
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