NOT LISTED FOR SALE

531 Old Wilmington Rd Hockessin, DE 19707

Estimated Value: $895,000 - $928,000

4 Beds
5 Baths
3,475 Sq Ft
$261/Sq Ft Est. Value

Last Sold October 05, 2018

Last sale price $655,000 $188 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $5,601/month

Highlights

  • 1.94 Acre Lot
  • Traditional Architecture
  • Attic
  • Dupont (H.B.) Middle School Rated A
  • Wood Flooring
  • Ceiling height of 9 feet or more

About This Home

As of October 2018

MOTIVATED SELLER! NEW PRICE IS BELOW APPRAISED VALUE. This 4-bedroom Hockessin home within minutes of Greenville, Wilmington and Kennett Square evokes relaxed elegance and grace with a sophisticated color palette, pristine hardwood floors and up-to-date light fixtures throughout. An open floor plan and finished basement with walk-in wine storage makes it easy to entertain friends and family. Enter the home into an airy 2-story foyer flanked by a study with charming French doors and a light-filled living room with dentil crown moulding. Situated on almost 2 acres abutting preserved woodland, the home offers serene backyard views from several rooms. From family dinners to entertaining the natural flow from the spacious kitchen to the large dining room which opens to the atrium-like family room/den with high ceilings is near perfection. Large slider doors open onto a beautiful rear porch (2009) terminating with a dramatic vaulted ceiling and stepping down to a curved flagstone patio. A warm, inviting kitchen has granite countertops, tumbled marble backsplash, an island, a sitting area which could also be a breakfast nook, GE Monogram 6-burner gas range with electric convection oven (2015), GE Monogram dishwasher (2017), built-in refrigerator with lower freezer drawer, under-counter wine cooler, and access to the porch. The 1st floor also features a remodeled powder room (2017) and a laundry/mud room with stainless steel utility sink, built-in bench and lots of storage. Four spacious bedrooms on the 2nd floor include a large master bedroom that is a shoe lover's dream with plenty of storage; en suite bathroom (remodeled in 2013, 2017) with double vanity and stainless steel soaking tub; new toilet and shower. Other notable features include energy-efficient tankless water heater, water softening and filtration systems; two HVAC zones; 3-car garage with built-in storage and interlocking floor tiles. Stucco inspection and required remediation completed summer 2017 (reports and scope of work are available). Agent is related to seller.

Last Agent to Sell the Property

Stephen Mottola

Compass License #R3-0010595 Listed on: 09/09/2018

Compass

Co-Listed By

Bonnie Sherr

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Cheryl Roberts

Century 21 Gold Key Realty

Century 21 Gold Key Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,243

Year Built

  • Built in 2003

Lot Details

  • 1.94 Acre Lot
  • Lot Dimensions are 338x382
  • Property is in good condition

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • 3 Open Parking Spaces
  • Driveway

Home Design

  • Traditional Architecture
  • Stucco

Interior Spaces

  • 3,475 Sq Ft Home
  • Property has 2 Levels
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Home Security System
  • Attic

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Patio
  • Play Equipment
  • Porch

Schools

  • Cooke Elementary School
  • Henry B. Du Pont Middle School
  • Thomas Mckean High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 100 Amp Service
  • Natural Gas Water Heater
  • On Site Septic
  • Cable TV Available

Community Details

  • Lynnway Estates Subdivision

Listing and Financial Details

  • Tax Lot 186
  • Assessor Parcel Number 08-020.00-186

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,243

Year Built

Built in 2003

Lot Details

0

HOA Fees

$25 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: All Appliances And Window Treatments In "As Is " Condition
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 2003
  • Remarks Public: MOTIVATED SELLER! NEW PRICE IS BELOW APPRAISED VALUE. This 4-bedroom Hockessin home within minutes of Greenville, Wilmington and Kennett Square evokes relaxed elegance and grace with a sophisticated color palette, pristine hardwood floors and up-to-date light fixtures throughout. An open floor plan and finished basement with walk-in wine storage makes it easy to entertain friends and family. Enter the home into an airy 2-story foyer flanked by a study with charming French doors and a light-filled living room with dentil crown moulding. Situated on almost 2 acres abutting preserved woodland, the home offers serene backyard views from several rooms. From family dinners to entertaining the natural flow from the spacious kitchen to the large dining room which opens to the atrium-like family room/den with high ceilings is near perfection. Large slider doors open onto a beautiful rear porch (2009) terminating with a dramatic vaulted ceiling and stepping down to a curved flagstone patio. A warm, inviting kitchen has granite countertops, tumbled marble backsplash, an island, a sitting area which could also be a breakfast nook, GE Monogram 6-burner gas range with electric convection oven (2015), GE Monogram dishwasher (2017), built-in refrigerator with lower freezer drawer, under-counter wine cooler, and access to the porch. The 1st floor also features a remodeled powder room (2017) and a laundry/mud room with stainless steel utility sink, built-in bench and lots of storage. Four spacious bedrooms on the 2nd floor include a large master bedroom that is a shoe lover's dream with plenty of storage; en suite bathroom (remodeled in 2013, 2017) with double vanity and stainless steel soaking tub; new toilet and shower. Other notable features include energy-efficient tankless water heater, water softening and filtration systems; two HVAC zones; 3-car garage with built-in storage and interlocking floor tiles. Stucco inspection and required remediation completed summer 2017 (reports and scope of work are available). Agent is related to seller.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven - Self Cleaning, Dishwasher, Refrigerator, Disposal
  • Flooring Type: Wood
  • Interior Amenities: Primary Bath(s), Kitchen - Island, Ceiling Fan(s), Kitchen - Eat-In
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings, High
  • Entry Location: Foyer
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry, Attic
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Main Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 3475
  • Living Area Sq Ft: 3475
  • Net Sq Ft: 3475.00
  • Price Per Sq Ft: 200.00
  • Above Grade Finished Sq Ft: 3475
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 531

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1
  • Lower Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco
  • Exterior Features: Play Equipment
  • 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: 3
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: On Site Septic
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 300.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: RED CLAY CONSOLIDATED
  • Elementary School: COOKE
  • Middle School: HENRY B. DU PONT
  • High School: THOMAS MCKEAN
  • School District Key: 300200396545
  • Elementary School: COOKE
  • High School: THOMAS MCKEAN
  • Middle Or Junior School: HENRY B. DU PONT

Lot Info

  • Improvement Assessed Value: 165800.00
  • Land Assessed Value: 29400.00
  • Lot Size Acres: 1.94
  • Lot Dimensions: 338X382
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 84506.00
  • Outdoor Living Structures: Patio(s), Porch(es)
  • Property Condition: Good
  • Zoning: S

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2269933
  • Tax Annual Amount: 6243.00
  • Assessor Parcel Number: 08-020.00-186
  • Tax Lot: 186
  • Tax Year: 2017
  • Close Date: 10/05/2018

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2018
Closed on
Oct 3, 2018
Sold by
Sherr Scott and Horisk Sherr Nancy E
Bought by
The Sree Trust
Seller's Agent
Stephen Mottola
Compass
Buyer's Agent
Cheryl Roberts
Century 21 Gold Key Realty
List Price
$695,000
Sold Price
$655,000
Premium/Discount to List
-$40,000
-5.76%
Current Estimated Value
$907,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,560
Avg. Annual Appreciation
3.88%
Original Mortgage
$550,000
Outstanding Balance
$478,207
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$372,680

Purchase Details

Closed on
Apr 14, 2003
Sold by
Marra Corp
Bought by
Sherr Scott and Horisk Sherr Nancy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
The Sree Trust -- None Available
Sherr Scott $645,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Sree Trust $550,000
Previous Owner Jj Marra Properties Llc $1,500,000
Previous Owner Sherr Scott $322,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2018 10/05/18 Sold $655,000 -5.8% $188 / Sq Ft
09/12/2018 09/12/18 For Sale $695,000 -- $200 / Sq Ft
09/10/2018 09/10/18 Pending -- -- --
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 $7,572 $197,300 $29,400 $167,900
2023 $6,738 $197,300 $29,400 $167,900
2022 $6,784 $197,300 $29,400 $167,900
2021 $6,779 $197,300 $29,400 $167,900
2020 $6,800 $197,300 $29,400 $167,900
2019 $6,718 $195,200 $29,400 $165,800
2018 $0 $195,200 $29,400 $165,800
2017 $6,209 $195,200 $29,400 $165,800
2016 $6,209 $195,200 $29,400 $165,800
2015 -- $195,200 $29,400 $165,800
2014 $5,443 $195,200 $29,400 $165,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003693690

Bright MLS

APN: 08-020.00-186