NOT LISTED FOR SALE

Estimated Value: $1,069,000 - $1,146,698

5 Beds
4.5 Baths
4,229 Sq Ft
$260/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $925,000 $219 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $6,900/month

2 Days on Market

Highlights

  • Colonial Architecture
  • Home Gym
  • Living Room
  • Wood Flooring
  • 3 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of June 2021

Alders Lane is a serene enclave of 14 homes located just outside the City limits, on a picturesque tree-lined cul-de-sac. This hidden secret-of-a-home offers luxurious, spacious living with a total of 3,600 SF on the first and second floors and close to 2,000 SF of finished space on the lower level. Natural light abounds in this open floor plan design, allowing for seamless transition between rooms but also privacy for office and virtual learning spaces. Hardwood floors throughout. Inviting and handsome, 2-story foyer, complete with custom wainscoting and double-stacked crown molding. Foyer is flanked to the left by well-appointed lounge, ideal for entertaining, and to the right by the originally-designed ground floor owner's suite, complete with full bath and office. Homeowners have enjoyed the suite as a sitting room and private office space. Continue on to the open custom kitchen, eat-in breakfast area and family room with gas fireplace, while taking in views of the 17th hole. The entertaining continues outside on the large paver patio with minimal upkeep. Powder room, laundry and mudroom from oversized, 3-car garage complete the 1st floor. The 2nd floor hosts an expansive Owner's suite which includes bathroom, dressing/sitting room with custom closets and 3 additional closets; it won't disappoint. The 2nd floor also features 3 additional, generously-sized bedrooms, which share a hall bath with dual vanity. The lower level, finished by the current owners, comprises nearly 2,000 SF and includes a new luxurious bath complete with steam shower, 300 SF gym, craft room, cedar closet and more. Ideally situated in close proximity to both public and private schools as well as local attractions; the new DuPont Country Club; Brandywine State Park with adjoining Woodlawn Trustees Preserve; and close to all of Wilmington's museums, retail & shopping. This home has everything - luxury, privacy and an ideal location with easy access to amenities, I-95, Amtrak and PHL International Airport, yet also boasts a high walkability rating, to the best Wilmington has to offer. 7 Alders offers endless living, multiple work spaces and recreation areas - at an exceptional value! Nothing like it on the market. Please schedule today, while it lasts!

Last Agent to Sell the Property

Stephen Mottola

Compass License #R3-0010595 Listed on: 05/06/2021

Compass

Co-Listed By

Margaret Simpers

Compass

Last Buyer's Agent

Corby Spruance

Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,984

Year Built

  • Built in 1993

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 133.70 x 194.60
  • Property is in excellent condition
  • Property is zoned NC15

HOA Fees

  • $54 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Traditional Architecture
  • Architectural Shingle Roof
  • Stone Siding
  • Stucco

Interior Spaces

  • Property has 3 Levels
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Home Gym
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Stone
  • Slate Flooring
  • Ceramic Tile

Bedrooms and Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • Alders Lane Subdivision

Listing and Financial Details

  • Tax Lot 005
  • Assessor Parcel Number 07-033.20-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,984

Year Built

Built in 1993

Lot Details

0

HOA Fees

$54 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial, Traditional
  • Ownership: Fee Simple
  • Exclusions: Foyer sconces; light fixture & mirror in powder room. Gym equipment negotiable. The playhouse will be removed by the current owners.
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1993
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Remarks Public: Alders Lane is a serene enclave of 14 homes located just outside the City limits, on a picturesque tree-lined cul-de-sac. This hidden secret-of-a-home offers luxurious, spacious living with a total of 3,600 SF on the first and second floors and close to 2,000 SF of finished space on the lower level. Natural light abounds in this open floor plan design, allowing for seamless transition between rooms but also privacy for office and virtual learning spaces. Hardwood floors throughout. Inviting and handsome, 2-story foyer, complete with custom wainscoting and double-stacked crown molding. Foyer is flanked to the left by well-appointed lounge, ideal for entertaining, and to the right by the originally-designed ground floor owner's suite, complete with full bath and office. Homeowners have enjoyed the suite as a sitting room and private office space. Continue on to the open custom kitchen, eat-in breakfast area and family room with gas fireplace, while taking in views of the 17th hole. The entertaining continues outside on the large paver patio with minimal upkeep. Powder room, laundry and mudroom from oversized, 3-car garage complete the 1st floor. The 2nd floor hosts an expansive Owner's suite which includes bathroom, dressing/sitting room with custom closets and 3 additional closets; it won't disappoint. The 2nd floor also features 3 additional, generously-sized bedrooms, which share a hall bath with dual vanity. The lower level, finished by the current owners, comprises nearly 2,000 SF and includes a new luxurious bath complete with steam shower, 300 SF gym, craft room, cedar closet and more. Ideally situated in close proximity to both public and private schools as well as local attractions; the new DuPont Country Club; Brandywine State Park with adjoining Woodlawn Trustees Preserve; and close to all of Wilmington's museums, retail & shopping. This home has everything - luxury, privacy and an ideal location with easy access to amenities, I-95, Amtrak and PHL International Airport, yet also boasts a high walkability rating, to the best Wilmington has to offer. 7 Alders offers endless living, multiple work spaces and recreation areas - at an exceptional value! Nothing like it on the market. Please schedule today, while it lasts!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Hardwood, Carpet, Ceramic Tile, Slate, Stone
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Kitchen, Family Room, Exercise Room
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Main Floor
  • Total Sq Ft: 4229
  • Living Area Sq Ft: 4229
  • Price Per Sq Ft: 243.42
  • Above Grade Finished Sq Ft: 3800
  • Below Grade Finished Sq Ft: 429
  • Total Below Grade Sq Ft: 429
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco, Stone
  • Roof: Architectural Shingle
  • Spa: No
  • 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
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage - Side Entry, Garage Door Opener, Oversized
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 650.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Size Acres: 0.45
  • Lot Dimensions: 133.70 x 194.60
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 19602.00
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: NC15
  • In City Limits: No

Rental Info

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

Tax Info

  • School Tax: 5982.00
  • Tax Annual Amount: 7984.00
  • Assessor Parcel Number: 07-033.20-005
  • Tax Lot: 005
  • Tax Total Finished Sq Ft: 4229
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 06/25/2021

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2021
Closed on
Jun 24, 2021
Sold by
Abel Ari and Wolslayer Valerie
Bought by
Galbraith William J
Seller's Agent
Stephen Mottola
Compass
Buyer's Agent
Corby Spruance
Long & Foster Real Estate, Inc.
List Price
$925,000
Sold Price
$925,000
Current Estimated Value
$1,109,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,507
Avg. Annual Appreciation
1.26%
Original Mortgage
$300,000
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 16, 2007
Sold by
Schmidt Kurt F and Schmidt Nancy C
Bought by
Abel Ari and Wolslayer Valerie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.24%
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
Galbraith William J -- None Available
Abel Ari $875,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galbraith William J $400,000
Closed Galbraith William J $300,000
Closed Galbraith William J $548,250
Previous Owner Abel Ari $750,000
Previous Owner Abel Ari $690,000
Previous Owner Abel Ari $700,000
Previous Owner Abel Ari $87,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2021 06/25/21 Sold $925,000 0.0% $219 / Sq Ft
05/08/2021 05/08/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $925,000 -- $219 / 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 $9,261 $241,300 $52,600 $188,700
2023 $8,241 $241,300 $52,600 $188,700
2022 $8,297 $241,300 $52,600 $188,700
2021 $8,291 $241,300 $52,600 $188,700
2020 $8,317 $241,300 $52,600 $188,700
2019 $8,729 $241,300 $52,600 $188,700
2018 $586 $241,300 $52,600 $188,700
2017 $7,675 $241,300 $52,600 $188,700
2016 $7,675 $241,300 $52,600 $188,700
2015 $7,210 $241,300 $52,600 $188,700
2014 $6,728 $241,300 $52,600 $188,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC526030

Bright MLS

APN: 07-033.20-005