$182,500
SOLD JUL 27, 2018

716 Gateway Rd Hockessin, DE 19707

4 Beds
2.5 Baths
1,800 Sq Ft
0.56 Acres

Recently Sold

$101 Per Sq Ft

14% Above List Price

5 Days on Market

Highlights

  • In Ground Pool
  • Colonial Architecture
  • 1 Fireplace
  • Dupont (H.B.) Middle School Rated A
  • Wood Flooring
  • 1 Car Attached Garage

About This Home

As of February 2019

This is a diamond in the rough!!! Home needs complete rehab both interior & exterior. Has tons of potential for the right buyer. Being sold strictly as-is, all inspections are for informational purposes only. CASH offers only, must have proof of funds dated w/I 30 days. NO financing or hard money lenders per seller. Great opportunity for a buyer looking for a flip or to live in. Please use caution when entering the rear yard. The In-ground pool is in complete disrepair and needs to be removed and filled in per New Castle County code enforcement. There is a drop in rear yard. Enter at your own risk. All buyers & agent must sign the Hold Harmless addendum located in the document section in Trend. All highest & best offers must be submitted by noon 7/2, ABSOLUTELY NO EXCEPTIONS. No escalation clauses will be accepted! SEE AGENT REMARK SECTION, TO SUBMIT AN OFFER!!!

Last Agent to Sell the Property

Kathleen Pennington

RE/MAX Elite License #RS270786 Listed on: 06/27/2018

RE/MAX Elite

Co-Listed By

Patrick Pennington

RE/MAX Elite License #R1-0002626

Last Buyer's Agent

Alexis Shupe

BHHS Fox & Roach - Hockessin License #RS-0023482

BHHS Fox & Roach - Hockessin

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1967

Lot Details

  • 0.56 Acre Lot
  • Lot Dimensions are 100x228
  • Back, Front, and Side Yard
  • Property is in below average condition
  • Property is zoned NC21

HOA Fees

  • $6 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • 2 Open Parking Spaces

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • 1 Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • 2.5 Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • In Ground Pool
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • Gateway Farms Subdivision

Listing and Financial Details

  • Tax Lot 063
  • Assessor Parcel Number 08-013.30-063

Home Details

Home Type

Single Family

Year Built

Built in 1967

Lot Details

0

HOA Fees

$6 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Being Sold As-Is Where Is
  • Inclusions: Being Sold As-Is Where Is
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1967
  • Remarks Public: This is a diamond in the rough!!! Home needs complete rehab both interior & exterior. Has tons of potential for the right buyer. Being sold strictly as-is, all inspections are for informational purposes only. CASH offers only, must have proof of funds dated w/I 30 days. NO financing or hard money lenders per seller. Great opportunity for a buyer looking for a flip or to live in. Please use caution when entering the rear yard. The In-ground pool is in complete disrepair and needs to be removed and filled in per New Castle County code enforcement. There is a drop in rear yard. Enter at your own risk. All buyers & agent must sign the Hold Harmless addendum located in the document section in Trend. All highest & best offers must be submitted by noon 7/2, ABSOLUTELY NO EXCEPTIONS. No escalation clauses will be accepted! SEE AGENT REMARK SECTION, TO SUBMIT AN OFFER!!!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Wood
  • Interior Amenities: Ceiling Fan(s), Kitchen - Eat-In
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Foyer
  • Levels Count: 2
  • Room Count: 8
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Main Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 1800
  • Living Area Sq Ft: 1800
  • Net Sq Ft: 1800.00
  • Price Per Sq Ft: 88.83
  • Above Grade Finished Sq Ft: 1800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 716

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding, Vinyl Siding, Brick
  • Exterior Features: Exterior Lighting
  • Pool Features: In Ground
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Open Parking Spaces Count: 2
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 75.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: RED CLAY CONSOLIDATED
  • School District Key: 300200396545

Lot Info

  • Improvement Assessed Value: 73200.00
  • Land Assessed Value: 17500.00
  • Lot Features: Front Yard, Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.56
  • Lot Dimensions: 100X228
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 24394.00
  • Property Condition: Below Average
  • Zoning: NC21

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2267185
  • Tax Annual Amount: 2901.00
  • Assessor Parcel Number: 08-013.30-063
  • Tax Lot: 063
  • Tax Year: 2017
  • Close Date: 07/27/2018

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2018
Closed on
Feb 13, 2019
Sold by
Pocket Aces Inc
Bought by
Nzeyang Sylvain and Tsafack Daniele
Seller's Agent
Alexis Shupe
BHHS Fox & Roach - Hockessin
Buyer's Agent
Ashle Wilson Bailey
Long & Foster Real Estate, Inc.
List Price
$364,900
Sold Price
$356,000
Premium/Discount to List
-$8,900
-2.44%
Current Estimated Value
$533,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,504
Avg. Annual Appreciation
5.59%
Original Mortgage
$338,200
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2018
Sold by
Knothe Charles S and Estate Of Barbara H Testa
Bought by
Nationstar Mortgage Llc and Champion Mortgage Company

Purchase Details

Closed on
Jun 3, 1999
Bought by
Testa Barbara H
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 Type Sale Price Title Company
Deed -- None Available
Sheriffs Deed $221,000 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $57,510 Credit Line Revolving
Closed $0 New Conventional
Closed $37,500 New Conventional
Closed $337,500 New Conventional
Closed $337,500 New Conventional
Closed $338,200 New Conventional
Previous Owner $25,000 Credit Line Revolving
Previous Owner $367,500 Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2019 02/13/19 Sold $356,000 -0.3% $198 / Sq Ft
12/15/2018 12/15/18 Pending -- -- --
12/06/2018 12/06/18 Price Changed $356,900 -0.8% $198 / Sq Ft
11/23/2018 11/23/18 Price Changed $359,900 -1.4% $200 / Sq Ft
11/07/2018 11/07/18 For Sale $364,900 +99.9% $203 / Sq Ft
07/27/2018 07/27/18 Sold $182,500 +14.1% $101 / Sq Ft
07/02/2018 07/02/18 Pending -- -- --
06/27/2018 06/27/18 For Sale $159,900 -- $89 / 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 $2,982 $80,700 $17,500 $63,200
2023 $2,630 $80,700 $17,500 $63,200
2022 $2,662 $80,700 $17,500 $63,200
2021 $2,662 $80,700 $17,500 $63,200
2020 $2,770 $80,700 $17,500 $63,200
2019 $2,948 $80,700 $17,500 $63,200
2018 $505 $80,700 $17,500 $63,200
2017 $3,398 $90,700 $17,500 $73,200
2016 $3,398 $90,700 $17,500 $73,200
2015 $3,243 $90,700 $17,500 $73,200
2014 $1,724 $90,700 $17,500 $73,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001950604

Bright MLS

APN: 08-013.30-063