NOT LISTED FOR SALE

531 Delaware St New Castle, DE 19720

Estimated Value: $390,639

5 Beds
5 Baths
4,356 Sq Ft
$90/Sq Ft Est. Value

Last Sold December 03, 2021

Last sale price $310,000 $71 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,392/month

23 Days on Market

Highlights

  • Traditional Architecture
  • 2 Car Detached Garage
  • Porch
  • No HOA
  • Fireplace
  • 4-minute walk to First State National Historical Park

About This Home

As of December 2021

Welcome to this historic property located in the heart of Old New Castle. Built over 100 years ago, this home retains much of its original charm and character. Stroll the brick streets and enjoy quick access to shops, restaurants and many historic points. The possibilities are endless for this large property. The main house can be easily converted to 2 separate units or 1 large main house with an additional unit in the carriage house. The main house is currently set up with a 2-3 bedroom apartment on the second floor. The main floor, previously used as a funeral home, can easily be converted to an additional apartment or as the main level residence. An additional carriage house consists of a detached 2-car garage with storage and a full second floor apartment with kitchen, laundry room, living room, dining room a full bath and 2 bedrooms. This Beautiful property sits on the corner of Delaware and 6th street. Property being sold in "as is" condition

Last Agent to Sell the Property

Victoria Dickinson

(302) 429-7304 vdickinson@psre.com Patterson-Schwartz - Greenville License #R5-210113L Listed on: 10/12/2021

Patterson-Schwartz - Greenville

Last Buyer's Agent

Barry Godfrey

(302) 275-9412 bgodfrey@exclusivebuyer.com Home Finders Real Estate Company License #R1-0002457

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,170

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Property is zoned 21R-2

Parking

  • 2 Car Detached Garage
  • Side Facing Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Block Foundation
  • Shingle Siding

Interior Spaces

  • 4,356 Sq Ft Home
  • Property has 3 Levels
  • Fireplace
  • Partial Basement

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Natural Gas Water Heater

Additional Features

  • Ramp on the main level
  • Porch
  • Flood Risk

Community Details

  • No Home Owners Association
  • Old New Castle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 21-015.10-067

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,170

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Accessibility Features: Ramp - Main Level
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1900
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Partial
  • Living Area Units: Square Feet
  • Total Sq Ft: 4356
  • Living Area Sq Ft: 4356
  • Price Per Sq Ft: 82.64
  • Above Grade Finished Sq Ft: 4356
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 5
  • Total Bathrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Main Level Bathrooms: 5.00
  • Main Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Shingle Siding
  • Exterior Features: Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Land Lease: No
  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4356.00
  • Outdoor Living Structures: Porch(es)
  • Zoning: 21R-2
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 2379661
  • Tax Annual Amount: 2170.00
  • Assessor Parcel Number: 21-015.10-067
  • Tax Year: 2021

MLS Schools

  • School District Name: COLONIAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2021
Closed on
Dec 3, 2021
Sold by
Gebhart Funeral Home Inc
Bought by
Hamza Properties Llc
Seller's Agent
Victoria Dickinson
Patterson-Schwartz - Greenville
Buyer's Agent
Barry Godfrey
Home Finders Real Estate Company
List Price
$360,000
Sold Price
$310,000
Premium/Discount to List
-$50,000
-13.89%
Current Estimated Value
$390,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,639
Original Mortgage
$400,000
Interest Rate
2.98%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 31, 2002
Sold by
Gebhart Chandler H
Bought by
Gebhart Funeral Home Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$812,500
Interest Rate
7.13%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
Hamza Properties Llc -- None Available
Gebhart Funeral Home Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Hamza Properties Llc $400,000
Previous Owner Gebhart Funeral Home Inc $812,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2021 12/03/21 Sold $310,000 -13.9% $71 / Sq Ft
11/04/2021 11/04/21 Pending -- -- --
10/12/2021 10/12/21 For Sale $360,000 -- $83 / 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 $4,113 $143,300 $17,400 $125,900
2023 $3,744 $143,300 $17,400 $125,900
2022 $3,864 $143,300 $17,400 $125,900
2021 $3,808 $143,300 $17,400 $125,900
2020 $3,847 $143,300 $17,400 $125,900
2019 $3,871 $143,300 $17,400 $125,900
2018 $140 $143,300 $17,400 $125,900
2017 $3,098 $143,300 $17,400 $125,900
2016 $3,098 $143,300 $17,400 $125,900
2015 $3,099 $143,300 $17,400 $125,900
2014 $3,101 $143,300 $17,400 $125,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2000539

Bright MLS

APN: 21-015.10-067