Seller's Agent in 2015
Stephen Mottola
Compass
(302) 437-6600
6 in this area
669 Total Sales
8 Berkley Dr Newark, DE 19702
Estimated Value: $645,167 - $747,000
4
Beds
3.5
Baths
3,400
Sq Ft
$206/Sq Ft
Est. Value
Highlights
- 0.58 Acre Lot
- Deck
- Wood Flooring
- Olive B. Loss Elementary School Rated A+
- Contemporary Architecture
- 2 Fireplaces
About This Home
As of December 2015Phenomenal opportunity in desirable Estates of Farmington - Appoquinimink district - ABOVE THE CANAL. This 13 Year old home sits on .5 acre of beautifully landscaped property positioned across the street from the neighborhoods scenic ravine. Entering the home you are greeted with gleaming hardwood entry and living room with dramatic 2 story foyer, as well as 2 story family room with gas fireplace and Beautiful stone mantle flowing up to the second story. Convenient open floor plan comfortably incorporates the eat-in gourmet kitchen with the living room and staircase making the main level great for entertaining or raising a family while showcasing many of the greatest features of this home. The spacious kitchen features crown moulding finishes, 42" cherry cabinets, Jenn Aire with grill feature with built in work area and sliding glass door leading to 650 sq ft Maintenance free composite wood back deck with retractable awning, shed storage, and in-ground sprinkler system.. Upstairs you will find 4 bedrooms 2 full baths, a gracious master suite with tigerwood flooring, walk-in closet, jetted soaking tub and skylight. In addition to all the square footage offered on the main level and upper level, this home boasts a contemporary finished basement complete with beautiful dark cherry wood 6 stool bar and movie theatre. Every square foot of this home has been well utilized with wonderful fenced lot and two car garage this home truly conveys one of the best values to be found with the highly coveted Appoquinimink school district to go along with it.
Last Agent to Sell the Property
(302) 437-6600 stephen@mottolagroup.com Compass License #R3-0010595 Listed on: 08/30/2015
Co-Listed By
(302) 345-6336 rickljames44@gmail.com Monument Sotheby's International Realty License #RS272746
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,917
Year Built
- Built in 2002
Lot Details
- 0.58 Acre Lot
- Lot Dimensions are 105x245
- Level Lot
- Open Lot
- Back and Front Yard
- Property is in good condition
- Property is zoned NC21
Parking
- 2 Car Attached Garage
- 2 Open Parking Spaces
Home Design
- Contemporary Architecture
- Shingle Roof
- Aluminum Siding
- Vinyl Siding
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 3,400 Sq Ft Home
- Property has 2 Levels
- Wet Bar
- Ceiling height of 9 feet or more
- Ceiling Fan
- 2 Fireplaces
- Stone Fireplace
- Family Room
- Living Room
- Dining Room
- Wood Flooring
- Finished Basement
- Basement Fills Entire Space Under The House
- Home Security System
- Laundry on main level
Kitchen
- Eat-In Kitchen
- Self-Cleaning Oven
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
Outdoor Features
- Deck
Schools
- Olive B. Loss Elementary School
- Alfred G. Waters Middle School
- Appoquinimink High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- 100 Amp Service
- Natural Gas Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- Farmington Subdivision
Listing and Financial Details
- Tax Lot 058
- Assessor Parcel Number 11-036.10-058
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 15, 2016
Sold by
Lim David B
Bought by
Lim David B and Lim Jae
Current Estimated Value
Purchase Details
Listed on
Aug 30, 2015
Closed on
Dec 3, 2015
Sold by
Dressen Jeremy S and Dressen Anna M
Bought by
Lim David B
Seller's Agent
Stephen Mottola
Compass
Buyer's Agent
Lee Buzalek
EXP Realty, LLC
List Price
$435,000
Sold Price
$425,000
Premium/Discount to List
-$10,000
-2.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.17%
Original Mortgage
$272,000
Outstanding Balance
$214,818
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$484,224
Purchase Details
Listed on
Oct 1, 2012
Closed on
Nov 16, 2012
Sold by
Wallace Kevin S
Bought by
Dressen Jeremy S and Dressen Anna M
Seller's Agent
Melanie Kent-Richmond
Patterson-Schwartz-Hockessin
Buyer's Agent
Katina Geralis
EXP Realty, LLC
List Price
$409,900
Sold Price
$398,000
Premium/Discount to List
-$11,900
-2.9%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.18%
Original Mortgage
$318,400
Interest Rate
3.39%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 23, 2012
Sold by
Wallace Kevin S and Wallace Jennifer T
Bought by
Wallace Kevin S
Purchase Details
Closed on
Aug 30, 2002
Sold by
Gilman Development Company
Bought by
Wallace Kevin S and Wallace Jennifer T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,848
Interest Rate
4.75%
Purchase Details
Closed on
Jan 3, 2002
Sold by
395 Associates Llc
Bought by
Gilman Development Company
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
6.72%
Mortgage Type
Construction
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lim David B | -- | None Available | |
| Lim David B | $423,500 | Old Republic Natl Title Ins | |
| Dressen Jeremy S | $398,000 | None Available | |
| Wallace Kevin S | -- | None Available | |
| Wallace Kevin S | $313,525 | -- | |
| Gilman Development Company | $1,246,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lim David B | $272,000 | |
| Previous Owner | Dressen Jeremy S | $318,400 | |
| Previous Owner | Wallace Kevin S | $247,848 | |
| Previous Owner | Gilman Development Company | $2,500,000 | |
| Closed | Gilman Development Company | $2,000,000 | |
| Closed | Wallace Kevin S | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/04/2015 12/04/15 | Sold | $425,000 | 0.0% | $125 / Sq Ft | |
| 10/19/2015 10/19/15 | Pending | -- | -- | -- | |
| 10/14/2015 10/14/15 | Price Changed | $425,000 | -2.3% | $125 / Sq Ft | |
| 08/30/2015 08/30/15 | For Sale | $435,000 | +9.3% | $128 / Sq Ft | |
| 11/16/2012 11/16/12 | Sold | $398,000 | -2.9% | $117 / Sq Ft | View Prior Sale |
| 10/05/2012 10/05/12 | Pending | -- | -- | -- | |
| 10/01/2012 10/01/12 | For Sale | $409,900 | -- | $121 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $4,281 | $110,000 | $15,500 | $94,500 |
| 2023 | $3,603 | $110,000 | $15,500 | $94,500 |
| 2022 | $3,614 | $110,000 | $15,500 | $94,500 |
| 2021 | $3,664 | $110,000 | $15,500 | $94,500 |
| 2020 | $3,619 | $110,000 | $15,500 | $94,500 |
| 2019 | $3,541 | $110,000 | $15,500 | $94,500 |
| 2018 | $3,614 | $110,000 | $15,500 | $94,500 |
| 2017 | $3,469 | $110,000 | $15,500 | $94,500 |
| 2016 | $3,159 | $110,000 | $15,500 | $94,500 |
| 2015 | $3,076 | $110,000 | $15,500 | $94,500 |
| 2014 | $3,085 | $110,000 | $15,500 | $94,500 |
Source: Public Records
Agents Affiliated with this Home
-
Stephen Mottola
-
Rick James
Seller Co-Listing Agent in 2015
Rick James
Monument Sotheby's International Realty
(302) 345-6336
19 Total Sales
-
Lee Buzalek
Buyer's Agent in 2015
Lee Buzalek
EXP Realty, LLC
(302) 528-0222
5 in this area
90 Total Sales
-
Melanie Kent-Richmond
Seller's Agent in 2012
Melanie Kent-Richmond
Patterson Schwartz
(302) 234-5231
21 Total Sales
-
Kristen Rosaio
Seller Co-Listing Agent in 2012
Kristen Rosaio
Crown Homes Real Estate
(302) 463-5477
10 in this area
227 Total Sales
-
Katina Geralis
Buyer's Agent in 2012
Katina Geralis
EXP Realty, LLC
(302) 383-5412
20 in this area
531 Total Sales
Map
Source: Bright MLS
MLS Number: 1002693030
APN: 11-036.10-058
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