NOT LISTED FOR SALE

531 Massaferi Way Hockessin, DE 19707

Estimated Value: $495,000 - $696,000

3 Beds
2.5 Baths
2,325 Sq Ft
$265/Sq Ft Est. Value

Last Sold August 13, 2019

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

Est. 81% increase in value since last sale

Current estimated payment $3,794/month

1 Day on Market

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

RE/MAX Point Realty License #RS-279868 Listed on: 06/28/2019

Last Buyer's Agent

Dave Potts

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%
Total Days on Market
1
Current Estimated Value
$615,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,386
Avg. Annual Appreciation
10.12%
Original Mortgage
$323,000
Outstanding Balance
$287,137
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$308,771

Purchase Details

Closed on
Jul 18, 1991
Bought by
Massaferi Robert F and Massaferi Caroline
Source: Public Records

Similar Homes in Hockessin, DE

  • 114 Mettenet Ct, Hockessin, DE 19707

    $765,000

    • 5 Beds
    • 4.5 Baths
    • 6,322 Sq Ft
    • 114 Mettenet Ct
    • Hockessin, DE

    Rare VA Loan Assumption Opportunity! This is a once-in-a-lifetime chance to assume an existing VA loan with outstanding terms—available to qualified buyers with the existing lender. The assumable mortgage has a current balance of $464,209 at an incredibly low 2.75% interest rate, amortized over 30 years. YOU DO NOT NEED TO BE A VETERAN AND THIS IS FOR ALL QUALIFIED BUYERS. Monthly principal and

    Andy Mulrine RE/MAX Associates-Hockessin

    Section Image
  • 5961 Limestone Rd, Hockessin, DE 19707

    $699,000

    • 4 Beds
    • 3 Baths
    • 3,444 Sq Ft
    • 5961 Limestone Rd
    • Hockessin, DE

    Welcome to 5961 Limestone Road – a charmingly preserved and tastefully updated farmhouse dating back to the 1800s, nestled on a generous one-acre lot. This rare gem effortlessly blends timeless historic charm with modern-day comfort and is truly move-in ready. As you step inside, you're greeted by a warm and welcoming foyer with hardwood floors that flow seamlessly throughout the home. To your

    John Lyons Crown Homes Real Estate

    Section Image
  • 10 Westwoods Blvd, Hockessin, DE 19707

    $735,000

    • 4 Beds
    • 2.5 Baths
    • 3,841 Sq Ft
    • 10 Westwoods Blvd
    • Hockessin, DE

    ****Back on Market thru no fault of the Sellers****Welcome to 10 Westwoods Blvd in the popular Hockessin community of Westwoods. This stately 4 bedroom, 2.5 bath colonial is situated on a corner lot with tremendous curb appeal. The charming center foyer entry is appointed with custom wainscoting along the hallway, staircase wall and formal dining room. There is stylish hardwood flooring

    Mary Lucente Long & Foster Real Estate, Inc.

    Section Image
  • 13 Signal Hill Dr, Hockessin, DE 19707

    $559,900

    • 4 Beds
    • 2.5 Baths
    • 2,650 Sq Ft
    • 13 Signal Hill Dr
    • Hockessin, DE

    DEADLINE FOR OFFERS TUES 3/18 at 5:00pm. Please SUBMIT ALL OFFERS TO MIKE PORRO see agent notes, Thank you! Welcome to 13 Signal Hill Dr. in highly sought-after Mendenhall Village. This 4 Bedroom, 2.5 Bath home is one of the bigger models in the neighborhood and features: Hardwood flooring throughout most of the main living areas; bonus Sunroom with heated tile flooring; updated Kitchen with

    Jennifer Samero Long & Foster Real Estate, Inc.

    Section Image
  • 5 Ashleaf Ct, Hockessin, DE 19707

    $699,000

    • 4 Beds
    • 2.5 Baths
    • 2,900 Sq Ft
    • 5 Ashleaf Ct
    • Hockessin, DE

    Welcome home to Southwood! This beautiful brick-front Colonial is situated on a quiet cul-de-sac within the desirable Southwood community. Lovingly maintained and thoughtfully upgraded by its long-term owners, this home offers both timeless charm and modern conveniences. Step inside to find neutral decor and gleaming hardwood floors throughout most of the main level. The spacious and versatile

    Donnie Horton RE/MAX Chesapeake

    Section Image
  • 9 Markham Ct, Hockessin, DE 19707

    $620,000

    • 4 Beds
    • 3.5 Baths
    • 3,350 Sq Ft
    • 9 Markham Ct
    • Hockessin, DE

    Welcome to 9 Markham Ct in the highly desirable neighborhood of Charter Oaks in Hockessin, Delaware! This 4 bedroom, 3.5 bath colonial is tucked away in the back of the neighborhood by the cul-de-sac. Roomy floor plan with airy kitchen open to living room with fireplace. 2 separate living rooms, a dining room and an office, currently being used as a gym. Enjoy the sunroom off the deck, the fully

    Ali Fehnel Patterson-Schwartz-Hockessin

    Section Image
  • 211 Eileens Way, Hockessin, DE 19707

    $715,000

    • 4 Beds
    • 2.5 Baths
    • 2,600 Sq Ft
    • 211 Eileens Way
    • Hockessin, DE

    Located in the desirable neighborhood of Southwood Estates, this home has been updated throughout with quality materials and craftsmanship. Only available due to a job transfer, this meticulous home is truly move-in ready. Lovely curb appeal gives a hint to the inviting interior, making this one of the finest homes currently on the market. Brick exterior, fresh paint, replacement windows, and

    Kate Bianchino Patterson-Schwartz - Greenville

    Section Image
  • 200 David Dr, Hockessin, DE 19707

    $474,000

    • 2 Beds
    • 2 Baths
    • 1,850 Sq Ft
    • 200 David Dr
    • Hockessin, DE

    Welcome to 200 David Drive — a charming brick ranch tucked away in the heart of Hockessin. Situated on just under an acre, this property offers endless possibilities. This home can be easily converted into a three-bedroom, if desired. Listed 30k below recently appraised value! Step inside and be greeted by a bright, inviting living room that sets the stage for the rest of this beautifully

    John Lyons Crown Homes Real Estate

    Section Image
  • 15 Homestead Ln, Hockessin, DE 19707

    $665,000

    • 4 Beds
    • 2.5 Baths
    • 2,450 Sq Ft
    • 15 Homestead Ln
    • Hockessin, DE

    COMING SOON in the sought-after community of Piersons Ridge in Hockessin, Delaware! Stay tuned for full details and photos.

    Kathryn Matic Patterson-Schwartz - Greenville

    Section Image
See All Homes in Hockessin

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

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

    10 in this area

    105 Total Sales

    DAN DAVIS
    Section Image

  • D

    Buyer's Agent in 2019

    Dave Potts

    Empower Real Estate, LLC

    (302) 545-7482

    1 in this area

    16 Total Sales

    Dave Potts
    Section Image
See All Agents

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 $615,386, approximately $264 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes