NOT LISTED FOR SALE

531 Massaferi Way Hockessin, DE 19707

Estimated Value: $590,000 - $704,000

3 Beds
2.5 Baths
2,325 Sq Ft
$281/Sq Ft Est. Value

Last Sold August 13, 2019

Last sale price $340,000 $146 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $3,799/month

Highlights

  • Contemporary Architecture
  • Main Floor Bedroom
  • Skylights
  • North Star Elementary School Rated A
  • No HOA
  • Eat-In Kitchen

About This Home

As of August 2019

Here's a custom built home by Marino Builders sitting on a picturesque and private .45 acre lot! This contempory home is nestled on the private & secluded lane of Massaferi Way! Enter into the large foyer with tiled floor from the front entry way or from the oversized 2 car garage. The main living area is highlighted with a large open kitchen with cherry wood cabinetry including a desk station, double porcelain sink, smooth top range, and pantry closet. The kitchen opens to the spacious family room with vaulted ceiling, skylights, hardwood floors, & 3 walls of windows! The L shaped living room/dining room combination is wonderful for entertaining. The powder room & master bedroom with master bath complete the main level and features a walk-in closet, double sinks, & stall shower. The upper level has 2 spacious bedrooms and hall full bath. The unfinished basement has bilco doors for access to the back yard. There is plenty of storage in the basement or walk-up attic in the garage. This is a very clean one owner home that is ready for the next owner's personal touch!

Last Agent to Sell the Property

DAN DAVIS

(302) 995-0862 dandiadavis@gmail.com RE/MAX Point Realty License #RS-279868 Listed on: 06/28/2019

Last Buyer's Agent

Dave Potts

(302) 545-7482 realestate@potts1.com Empower Real Estate, LLC

Empower Real Estate, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,636

Year Built

  • Built in 1992

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 150.00 x 130.00
  • North Facing Home
  • Landscaped
  • Property is in good condition
  • Property is zoned NC21

Parking

  • Driveway

Home Design

  • Contemporary Architecture
  • Vinyl Siding

Interior Spaces

  • 2,325 Sq Ft Home
  • Property has 1.5 Levels
  • Crown Molding
  • Ceiling Fan
  • Skylights
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room
  • Carpet

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Electric Dryer
  • Washer

Basement

  • Partial Basement
  • Exterior Basement Entry
  • Laundry in Basement
  • Crawl Space

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Built by Marino

Listing and Financial Details

  • Tax Lot 074
  • Assessor Parcel Number 08-018.00-074

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,636

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Inclusions: Refrigerator, W/D (all as is)
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1992
  • Remarks Public: Here's a custom built home by Marino Builders sitting on a picturesque and private .45 acre lot! This contempory home is nestled on the private & secluded lane of Massaferi Way! Enter into the large foyer with tiled floor from the front entry way or from the oversized 2 car garage. The main living area is highlighted with a large open kitchen with cherry wood cabinetry including a desk station, double porcelain sink, smooth top range, and pantry closet. The kitchen opens to the spacious family room with vaulted ceiling, skylights, hardwood floors, & 3 walls of windows! The L shaped living room/dining room combination is wonderful for entertaining. The powder room & master bedroom with master bath complete the main level and features a walk-in closet, double sinks, & stall shower. The upper level has 2 spacious bedrooms and hall full bath. The unfinished basement has bilco doors for access to the back yard. There is plenty of storage in the basement or walk-up attic in the garage. This is a very clean one owner home that is ready for the next owner's personal touch!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer - Electric, Oven/Range - Electric, Washer, Water Heater
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Dining/Living, Crown Moldings, Entry Level Bedroom, Kitchen - Eat-In, Primary Bath(s), Pantry, Skylight(s), Stall Shower, Tub Shower, Walk-In Closet(s)
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Levels Count: 1.5
  • Room List: Living Room, Dining Room, Bedroom 2, Kitchen, Family Room, Foyer, Bedroom 1, Primary Bathroom
  • Basement: Yes
  • Basement Type: Partial, Outside Entrance
  • Laundry Type: Basement
  • Total Sq Ft: 2325
  • Living Area Sq Ft: 2325
  • Price Per Sq Ft: 146.24
  • Above Grade Finished Sq Ft: 2325
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 531

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Well
  • Municipal Trash: No

Condo/Co-op/Association

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

Schools

  • School District: RED CLAY CONSOLIDATED
  • School District Key: 300200396545
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 101500.00
  • Land Assessed Value: 9000.00
  • Lot Features: Landscaping, Not In Development
  • Lot Size Acres: 0.45
  • Lot Dimensions: 150.00 x 130.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 19602.00
  • Property Condition: Good
  • Year Assessed: 2018
  • Zoning: NC21
  • In City Limits: No

Building Info

  • Builder Name: Marino

Rental Info

  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2268348
  • School Tax: 2719.00
  • Tax Annual Amount: 3636.00
  • Assessor Parcel Number: 08-018.00-074
  • Tax Lot: 074
  • Tax Total Finished Sq Ft: 2325
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 08/13/2019

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2019
Closed on
Aug 13, 2019
Sold by
Massaferi Caroline F and Massaferi Robert A
Bought by
Zapp Elise M and Zapp Matthew S
Seller's Agent
DAN DAVIS
RE/MAX Point Realty
Buyer's Agent
Dave Potts
Empower Real Estate, LLC
List Price
$325,000
Sold Price
$340,000
Premium/Discount to List
$15,000
4.62%
Current Estimated Value
$652,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,545
Avg. Annual Appreciation
10.88%
Original Mortgage
$323,000
Outstanding Balance
$284,112
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$356,877

Purchase Details

Closed on
Jul 18, 1991
Bought by
Massaferi Robert F and Massaferi Caroline
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
Zapp Elise M -- None Available
Massaferi Robert F $48,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zapp Elise M $323,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2019 08/13/19 Sold $340,000 0.0% $146 / Sq Ft
06/29/2019 06/29/19 Pending -- -- --
06/29/2019 06/29/19 Price Changed $340,000 +4.6% $146 / Sq Ft
06/28/2019 06/28/19 For Sale $325,000 -- $140 / 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 $4,083 $110,500 $9,000 $101,500
2023 $3,602 $110,500 $9,000 $101,500
2022 $3,645 $110,500 $9,000 $101,500
2021 $3,064 $110,500 $9,000 $101,500
2020 $3,656 $110,500 $9,000 $101,500
2019 $239 $110,500 $9,000 $101,500
2018 $214 $110,500 $9,000 $101,500
2017 -- $110,500 $9,000 $101,500
2016 -- $110,500 $9,000 $101,500
2015 -- $110,500 $9,000 $101,500
2014 -- $110,500 $9,000 $101,500
Source: Public Records

Agents Affiliated with this Home

  • DAN DAVIS

    Seller's Agent in 2019

    DAN DAVIS

    RE/MAX

    (302) 995-0862

    3 in this area

    94 Total Sales

    DAN DAVIS
    Section Image

  • D

    Buyer's Agent in 2019

    Dave Potts

    Empower Real Estate, LLC

    (302) 545-7482

    16 Total Sales

    Dave Potts
    Section Image
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Map

Source: Bright MLS

MLS Number: DENC481854

Bright MLS

APN: 08-018.00-074

Delaware New Castle County Hockessin 19707

531 Massaferi Way, Hockessin, DE

This home is located at 531 Massaferi Way, Hockessin, DE 19707 since 28 June 2019 and is currently estimated at $652,545, approximately $280 per square foot. This property was built in 1992. 531 Massaferi Way is a home located in New Castle County with nearby schools including North Star Elementary School, Dupont (H.B.) Middle School, and Dickinson (John) High School.

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