NOT LISTED FOR SALE

Estimated Value: $487,000 - $586,000

0.46 Acre
$1,134,059 Price per Acre
20,038 Sq Ft Lot

Last Sold May 29, 2024

Last sale price $425,000

Est. 23% increase in value since last sale

Current estimated payment $2,850/month

330 Days on Market

About This Lot

As of May 2024

Beautiful .46 acre (106 x208) Single Family Homesite in Highly desirable Community of Sedgely Farms, in the prestigious 19807 Zip Code. The Property is available to build your Custom Dream Home. The site offers all Public Utilities(public water, sewer, natural gas, underground electric & cable) This extremely convenient location just off Lancaster Pike is only minutes to the City of Wilmington Business District and Train Station, all major Roads and Arteries are all easily accessible and only 30 minutes to Philadelphia, 1 Hour to Baltimore, 2 hours to New York City & Washington D.C. Take advantage of our Low Property Taxes and No Sales Tax. Recent New Construction Sales in the Community are in the $1-2 Million range.Come be part of something unique...the Rejuvenation of Sedgely Farms.Recorded Covenants and Deed restrictions are applicable...call Listing Agent for details.No Builder Tie-in, but recommendations can be provided.

Last Agent to Sell the Property

Joseph Berchock

(302) 530-5515 jwberchock@gmail.com RE/MAX Associates - Newark License #RS-0009070 Listed on: 09/13/2022

RE/MAX Associates - Newark

Last Buyer's Agent

Joseph Berchock

(302) 530-5515 jwberchock@gmail.com RE/MAX Associates - Newark License #RS-0009070 Listed on: 09/13/2022

RE/MAX Associates - Newark

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $778

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 106 x 208
  • Cleared Lot

Utilities

  • Underground Utilities
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Sedgely Farms Subdivision

Listing and Financial Details

  • Assessor Parcel Number 07-032.10-032

Property Details

Property Type

Land

Est. Annual Taxes

$778

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Vacant
  • Automatically Close On Close Date: No
  • Remarks Public: Beautiful .46 acre (106 x208) Single Family Homesite in Highly desirable Community of Sedgely Farms, in the prestigious 19807 Zip Code. The Property is available to build your Custom Dream Home. The site offers all Public Utilities(public water, sewer, natural gas, underground electric & cable) This extremely convenient location just off Lancaster Pike is only minutes to the City of Wilmington Business District and Train Station, all major Roads and Arteries are all easily accessible and only 30 minutes to Philadelphia, 1 Hour to Baltimore, 2 hours to New York City & Washington D.C. Take advantage of our Low Property Taxes and No Sales Tax. Recent New Construction Sales in the Community are in the $1-2 Million range. Come be part of something unique...the Rejuvenation of Sedgely Farms. Recorded Covenants and Deed restrictions are applicable...call Listing Agent for details. No Builder Tie-in, but recommendations can be provided.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 21.21
  • Street Number Modifier: 6

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Electric Service: Underground
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Additional Parcels: No
  • Lot Features: Cleared
  • Lot Size Acres: 0.46
  • Lot Dimensions: 106 x 208
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20037.60
  • Zoning: RESIDENTIAL
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Lease In Effect: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 778.40
  • Assessor Parcel Number: 07-032.10-032
  • Tax Year: 2022
  • Close Date: 05/29/2024

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2022
Closed on
May 28, 2024
Sold by
Samuel J Frabizzio Revocable Trust and Frabizzio Samuel J
Bought by
Durney Philip A
Seller's Agent
Joseph Berchock
RE/MAX Associates - Newark
Buyer's Agent
Joseph Berchock
RE/MAX Associates - Newark
List Price
$425,000
Sold Price
$425,000
Views
582
Current Estimated Value
$521,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,667
Avg. Annual Appreciation
16.66%
Original Mortgage
$900,000
Outstanding Balance
$888,690
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
-$367,023

Purchase Details

Listed on
Sep 13, 2022
Closed on
Apr 25, 2024
Sold by
Frabizzio Samuel J
Bought by
Samuel J Frabizzio Revocable Trust and Frabizzio
Seller's Agent
Joseph Berchock
RE/MAX Associates - Newark
Buyer's Agent
Joseph Berchock
RE/MAX Associates - Newark
List Price
$425,000
Sold Price
$425,000
Views
582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$888,690
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
-$367,023

Purchase Details

Closed on
Sep 8, 2020
Sold by
Frabizzio Samuel J
Bought by
Frabizzio Samuel J and Restatement F Revocable Trust

Purchase Details

Closed on
Mar 24, 2010
Sold by
Frabizzio Samuel J and Frabizzio Mary Ellen
Bought by
Frabizzio Mary Ellen

Purchase Details

Closed on
Jul 31, 2003
Sold by
Taylor William H
Bought by
Marra Development Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Durney Philip A -- None Listed On Document
Samuel J Frabizzio Revocable Trust -- None Listed On Document
Frabizzio Samuel J -- None Listed On Document
Frabizzio Samuel J -- None Available
Frabizzio Mary Ellen -- None Available
Marra Development Inc $500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Durney Philip A $900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2024 05/29/24 Sold $425,000 0.0% --
08/09/2023 08/09/23 Pending -- -- --
09/13/2022 09/13/22 For Sale $425,000 -- --
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 $872 $23,600 $23,600 $0
2023 $769 $23,600 $23,600 $0
2022 $778 $23,600 $23,600 $0
2021 $780 $23,600 $23,600 $0
2020 $780 $23,600 $23,600 $0
2019 $780 $23,600 $23,600 $0
2018 $764 $23,600 $23,600 $0
2017 $755 $23,600 $23,600 $0
2016 $721 $23,600 $23,600 $0
2015 -- $23,600 $23,600 $0
2014 -- $23,600 $23,600 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2031278

Bright MLS

APN: 07-032.10-032