340 West Chestnut Hill Road

Closed 11/13/15Virtual Tour

Sold

Last Sold Price

$520,000

11 beds9 baths8,950 sqft$58/sqft

340 W Chestnut Hill Rd, Newark, DE 19713

Multi FamilyProperty Type

1.01 acresLot Size

1950Year Built

$58/sq ftPrice per sq ft

16 carsParking Spaces

Description

This unique one-of-a-kind multi-family investment opportunity is sheltered on a 2-acre wooded property in Newark, De. Built in 1865, this beautifully renovated barn is an evolving work of art with history as its cornerstone of beauty. Designed and owned by a world-renown artist, he was also an art professor at UD for several decades. He created this multi-unit conversion, preserving many of its 19th century characteristics while renovating to include updated essentials and luxurious details. The...This unique one-of-a-kind multi-family investment opportunity is sheltered on a 2-acre wooded property in Newark, De. Built in 1865, this beautifully renovated barn is an evolving work of art with history as its cornerstone of beauty. Designed and owned by a world-renown artist, he was also an art professor at UD for several decades. He created this multi-unit conversion, preserving many of its 19th century characteristics while renovating to include updated essentials and luxurious details. The result is stunning and mesmerizing. Its convenient location just off of University of Delaware's campus and the I-95 thoroughfare makes it a strong contender for rental. He meticulously designed and renovated this vast 9,000 sq. ft. barn converting it into many separate units. An office, gallery, photo studio and loft storage area are unfinished but have extensive potential to be renovated as extra charming units. A bonus Amish-built barn, constructed in 1982, is also on the property and was used as a studio, garage, and workshop with studio apartment above. Each of the units is unique and tastefully designed with an artistic eye, and is often described as a small secluded community of friends. The units also include ample parking. Apt. 1 is 1,372 sq. ft. with 2 floors plus a 3rd floor loft featuring 2 bed/2baths, a dramatic spiral staircase with gated doors at the top, Amish-installed hardwoods, deck and fenced-in yard. Apt. 2, 1,550 sq. ft., is one floor plus a loft offering 2 beds/1.5 baths, new carpet throughout and a quaint front and back deck. Apt. 3A is a 1 bed/1 bath basement unit just over 950 sq. ft. with multiple skylights, wood tile floors and pretty patio entrance (can connect to 3B). Apt 3 B is a ground floor studio with 1 bath and attractive hardwood floors and is 724 sq. ft. (can be connected to 3A) Apt. 4A is on the ground floor at 1,220 sq. ft. and also offers an upstairs loft totaling 1 Bed/ 1 Bath plus additional space for an office. Enjoy the brick floor downstairs and wood tile floor upstairs along with a skylight. Relish the fenced-in yard and patio. Apt. 4B measures 1,140 sq. ft. and is a ground floor unit with 2 beds/1bath and inviting brick floor. Apt. 4C is a 240-sq.ft. studio apt. with 1 bath and skylight. Nearby Newark is a thriving college town chock full of historical places, cultural destinations and an eclectic blend of businesses, shops and restaurants. Ideally located this is a true masterpiece! Min 48 hour notice to tour.

Listed by: Steven P Anzulewicz 302.299.1105 steveanzul@kw.com • Keller Williams Realty Wilmington
Listed by: Robert C Stigler 302.290.2237 robstigler@gmail.com • Keller Williams Realty Wilmington

Listing closed: 11/13/2015 12:00 AM • Source: BRIGHT, MLS#: 1002635012

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Location

Homepage
DE
New Castle County
Newark
19713
340 W Chestnut Hill Rd

Listing Courtesy of Keller Williams Realty Wilmington

Sold By A C Emsley & Associates Realtors

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$3,053 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,643

Property Taxes

$410

HOA Dues

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Property Information for 340 West Chestnut Hill Road

Property Details

Taxes: $4,918 / year
MLS Type: Multi-Family / Fee Simple
County: New Castle County
Tax ID Number: 11-009.00-053
Ownership: Fee Simple
Condo Coop Association: No
HOA: No
Structure Type: Other
Style: Other
Waterfront: No
Garage: No
Subdivision: NONE AVAILABLE
Subdivision: NONE AVAILABLE (NEW CASTLE DE)
Cross Street: COLLEGE
Total Parking Spaces: 8
Central Air: Yes
Basement: No
Above Grade Finished SQFT: 8,950.00
Above Grade Fin SQFT Source: Estimated
New Construction: No
Construction Completed: No
Property Condition: Good

Building Information

Year Built: 1950
Lot Size: 1.01 AC / 43,996 SF

Location

School District Name: CHRISTINA
School District County ID: 300200396890

County: NEW CASTLE
MLS Area: Newark/Glasgow (30905)

Waterfront / Water Access

Water View: No
Water Access: No

Water Oriented: No
Navigable Water: No
Tidal Water: No
Riparian Rights Y/N: No

Taxes and Assessment

Tax Year: 2015
Tax Assessed Value: $165,500

Improvement Assessed Value: $145,500
Land Assessed Value: $20,000
Zoning: NC21
Tax Lot: 053

Lease Information

Concessions: No

Unit Information

Single Room Units Count: 3
One Bedroom Units Count: 2

Two Bedroom Units Count: 3
Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7

Rooms

Room List: Primary Bedroom

Rooms Information

Room 1

Room Type: Primary Bedroom
Room Level: Unspecified

Room Exists: Yes

Multi Family

Unit 1

Type: Unit 1
Unit Type Occupied YN: Yes

Unit Type Finished SQFT: 1372
Beds Total: 2
Half Baths Count: 0
Full Baths Count: 2
Unit Type Baths Total: 2
Unit Type Features: 10 MONTHS

Unit 2

Type: Unit 5
Unit Type Occupied YN: Yes

Unit Type Finished SQFT: 1120
Beds Total: 1
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Unit Type Features: 12 MONTHS

Unit 3

Type: Unit 8
Unit Type Occupied YN: Yes

Unit Type Finished SQFT: 970
Beds Total: 1
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Unit Type Features: 4 MONTHS

Unit 4

Type: Unit 2
Unit Type Occupied YN: Yes

Unit Type Finished SQFT: 1550
Beds Total: 2
Half Baths Count: 1
Full Baths Count: 1
Unit Type Baths Total: 2
Unit Type Features: 12 MONTHS

Unit 5

Type: Unit 6
Unit Type Occupied YN: Yes

Unit Type Finished SQFT: 840
Beds Total: 2
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Unit Type Features: 12 MONTHS

Unit 6

Type: Unit 3
Unit Type Occupied YN: Yes

Unit Type Finished SQFT: 960
Beds Total: 1
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Unit Type Features: 12 MONTHS

Unit 7

Type: Unit 4
Unit Type Occupied YN: Yes

Unit Type Finished SQFT: 724
Beds Total: 1
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Unit Type Features: 12 MONTHS

Unit 8

Type: Unit 7
Unit Type Occupied YN: Yes

Unit Type Finished SQFT: 240
Beds Total: 1
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Unit Type Features: 4 MONTHS

Financial Information

Expenses

Insurance Expense: $4,998
Maintenance Expense: $8,239

Water Sewer Expense: $1,057
Electric Expense: $2,217
Other Expense: $514
Annual Gross Expense: $21,941

Financial Information

Gross Income: $61,800

Building Info

Total Finished SQFT: 8,950.00
Total SQFT: 8,950.00

Construction Materials: Wood Siding, Stone
Ext Main Mid-res: http://bright-media.brightmls.com/bright/images/0000/3006/4289/1261/300642891261_512_384_WM_Fw-dtJh0mh7UhZ3g.jpg
Flooring Type: Wood, Tile/Brick, Stone
Storage: Garage, Shed

Lot / Land Information

Lot Size Dimensions: 186X316
Sign On Property: No

Parcel ID: 2336396

Parking

Type Of Parking: Driveway
Total Non-Garage Parking Spaces: 8

Parking Features: Private, Shared Driveway

Interior Features

Fireplace: No
Accessibility Features: None

Laundry Type: Washer In Unit, Has Laundry
Virtual Tour URL Unbranded: http://mls.homejab.com/?p=3437

Exterior Features

Pool: No Pool
Other Structures: Above Grade

Utilities

Heating: Yes
Cooling Type: Central A/C, Wall Unit

Heating Type: Gas, Heat Pump - Gas BackUp, Propane, Forced Air, Baseboard
Heating Fuel: Natural Gas, Bottled Gas/Propane
Hot Water: Electric
Water Source: Public
Sewer Septic: On Site Septic

Confidential Data

Listing Office

List Agent AOR: New Castle County Board of REALTORS

Property History for 340 West Chestnut Hill Road

Date	Event & Source	Price	Appreciation
Nov 13, 2015	Closed BRIGHT #1002635012	$520,000	—
Sep 17, 2015	Pending BRIGHT #1002635012		—
May 27, 2015	Listed (Active) BRIGHT #1002635012	$650,000	—

Date	Event & Source	Price
11/13/2015	Closed BRIGHT #1002635012	$520,000
09/17/2015	Pending BRIGHT #1002635012	—
05/27/2015	Listed (Active) BRIGHT #1002635012	$650,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 340 West Chestnut Hill Road

Taxable ValueLand-Additions-Total-

Tax Record2025$8,906 ($742 / month)

Home Facts

Beds6Baths9Total Finished SqFt8,950 SqFtAbove Grade Finished SqFt8,950 SqFtStories2Lot Size43,996 SqFtStyleSingle Family ResidenceYear Built1950Year Renovated1982ZoningNC21CountyNEW CASTLEAPN11-009.00-053Fireplace TypeHas Fireplace

Schools near 340 West Chestnut Hill Road

This home is within Christina School District.


Rating	School	Type	Grades	Distance
8/10	West Park Place Elementary School	Public - Serves this home	K to 5	1.5 mi
3/10	Shue-Medill Middle School	Public - Serves this home	6 to 8	4.5 mi
3/10	Newark High School	Public - Serves this home	9 to 12	2.5 mi
NR	Brennen School (The)	Public - Nearby school	PK to 12	3.3 mi
NR	Delaware School for the Deaf Secondary	Public - Choice school	PK to 12	3.5 mi
NR	Douglass School	Public - Choice school	1 to 12	11.5 mi
NR	Heritage Christian Academy	Private - Nearby school	K to 6	0.9 mi


Rating	School	Distance
8/10	West Park Place Elementary School PublicK to 5 Serves this home	1.5 mi
3/10	Shue-Medill Middle School Public6 to 8 Serves this home	4.5 mi
3/10	Newark High School Public9 to 12 Serves this home	2.5 mi
NR	Brennen School (The) PublicPK to 12 Nearby school	3.3 mi
NR	Delaware School for the Deaf Secondary PublicPK to 12 Choice school	3.5 mi
NR	Douglass School Public1 to 12 Choice school	11.5 mi
NR	Heritage Christian Academy PrivateK to 6 Nearby school	0.9 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 340 West Chestnut Hill Road, Newark, DE 19713	$520,000	11	9	8,950	43,996
338 West Chestnut Hill Road, Newark, DE 19713	$365,000	3	2	1,975	43,996
830 Colorado Drive, Newark, DE 19713	$476,017	4	4	3,425	10,019
827 Colorado Drive, Newark, DE 19713	$387,340	4	3	2,725	9,583
832 Colorado Drive, Newark, DE 19713	$515,000	4	3	2,800	8,712
825 Colorado Drive, Newark, DE 19713	$467,500	4	3	3,475	9,583
388 West Chestnut Hill Road, Newark, DE 19713	$20,000	–	–	–	21,780
834 Colorado Drive, Newark, DE 19713	$433,000	4	3	2,525	9,148
820 Colorado Drive, Newark, DE 19713	$424,000	4	3	3,300	7,841
351 West Chestnut Hill Road, Newark, DE 19713	$10	3	2	1,525	34,848
823 Colorado Drive, Newark, DE 19713	$450,000	5	3	3,400	10,019
818 Colorado Drive, Newark, DE 19713	$420,000	4	3	3,100	7,841
836 Colorado Drive, Newark, DE 19713	$420,000	4	3	2,775	9,148
330 West Chestnut Hill Road, Newark, DE 19713	$283,300	3	2	1,525	26,136
835 Colorado Drive, Newark, DE 19713	$545,000	4	3	4,425	9,583
821 Colorado Drive, Newark, DE 19713	$420,000	4	3	3,100	9,583

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Listing Courtesy of Keller Williams Realty Wilmington

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Newark, DE

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