5 months on rocket

88 Old Red Mill Rd, Newark, DE, 19711

$475,000

Home List Price

$5,641*

Closing Credit

3 Bedrooms
2 Full Baths
2,530 SqFt
$188/SqFt
House
Schools Nearby

Location

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88 Old Red Mill Rd, Newark$475,000

Buyer Closing Credits

$5,641*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingGarage - Front Entry, On Street, Driveway, Detached Garage
Garage1 space
Year Built1900
HeatingForced Air
CoolingCentral Air, Window Unit(s)
BasementYes
FireplaceNon-Functioning
MLS #DENC2052924
Lot Size0.70 Acres
StatusActive
(ACTIVE)

About 88 Old Red Mill Rd

*The home includes an added bonus for investors or homeowners seeking rental income.* Nestled in Newark, Delaware, this picturesque 3-bedroom, 2-bathroom farmhouse on .70 acres skillfully combines rustic charm with modern amenities. Step into a welcoming interior where wood floors and exposed beams create a warm, rustic feel. The eat-in kitchen, heart of the home, is perfect for family meals and gatherings. The main level also features a convenient full bath and laundry room. The upper level houses three cozy bedrooms, another full bath, and a walk-in attic for ample storage. Adding to the home's charm is a non-functioning fireplace, a focal point that adds to the farmhouse ambiance. Outdoors, the property doesn't disappoint with a front porch and back patio, ideal for enjoying the serene surroundings. The home is located next to a stream, perfect for fishing enthusiasts. To the left of the home is a garage with a 1-bedroom, 1-bathroom apartment above, currently generating rental income of $1050, while the main house brings in $1800 per month. Both tenants, on month-to-month leases, are keen on staying. This Newark farmhouse is a unique blend of character, convenience, and income potential—a perfect choice for various lifestyles and investment opportunities. Home is being sold as-is.

Property Details

Property Features

Property Information:

  • Architectural Style: Farmhouse/National Folk
  • Year Built: 1900
  • Stories: 2
  • Living Area: 2,530 SqFt

Listing Office:

  • Office Name: Crown Homes Real Estate
  • Office Phone: (302) 504-6147
  • Listing Agent: Amanda Bradford

Interior Features

Interior Information:

  • Appliances: Dishwasher, Oven, Electric Range, Refrigerator
  • Basement: Yes
  • Interior: Attic, Dining Area, Exposed Beams, Kitchen - Eat-In, Wood Floors, Tub Shower
  • Fireplace: Non-Functioning

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Parking: Garage - Front Entry, On Street, Driveway, Detached Garage

Lot Features

Lot Information:

  • Lot Size: 0.70 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air, Window Unit(s)

School Info

Assigned Schools Information:

  • Newark High School, Public District Grades 9-12
  • Shue-Medill Middle School, Public District Grades 6-8
  • Maclary (R. Elisabeth) Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Drive south on Red Mill Rd towards Ogletown. After passing Darwin Rd on your left, turn left onto Old Red Mill Rd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $475,000
  • Price Per SqFt: $188/SqFt

Tax Information:

  • Annual Amount: $2,091
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Newark, DE.

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Newark, DE

City

Med. Sold Price

$345K

Med. Price/SqFt

$194

Avg. Days On Market

14

# of Sold Homes

59

88 Old Red Mill Rd vs Newark

161 DAYS ON ROCKET

+147 Days

$475,000

+$129.9K More

$188/SqFt

-$7 Less

KEY TAKEAWAY

This property is $129.9K more than the Median Sold Price and $7/SqFt less than other homes in Newark, DE.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #DENC2052924

Listing Office:

  • Office Name: Crown Homes Real Estate
  • Office Phone: (302) 504-6147
  • Listing Agent: Amanda Bradford

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 2:25:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,091$51,700
2020$2,036$51,700
2019$1,752$51,700
2018$1,691$51,700
2017$1,686$51,700

History based on county public records data.

Payment Calculator

$2,438

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,491

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3474974
7
/10

  • Maclary (R. Elisabeth) Elementary School

  • 300 Saint Regis Dr

  • 1.60 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3474975
2
/10

  • Shue-Medill Middle School

  • 1500 Capitol Trl

  • 0.43 miles

  • Public District Grades 6-8

High School

school-card-donut-3474976
3
/10

  • Newark High School

  • 750 E Delaware Ave

  • 1.80 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,291. The most common annual income of people living in Newark, DE is less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 88 Old Red Mill Rd

What is the listing price of this property?

The listing price of 88 Old Red Mill Rd property is $475,000.

What type of property is this?

The property 88 Old Red Mill Rd is a house located in Newark, Delaware, 19711.

Is this property for sale now?

Active Listing: 88 Old Red Mill Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 88 Old Red Mill Rd are:
Maclary (R. Elisabeth) Elementary School: GreatSchools Rating 7/10
Shue-Medill Middle School: GreatSchools Rating 2/10
Newark High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,091 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 88 Old Red Mill Rd has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 88 Old Red Mill Rd is 2,530 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 88 Old Red Mill Rd is 1900.

Rocket Homes›Delaware›New Castle County›Newark›19711›88 Old Red Mill Rd

This home is located at 88 Old Red Mill Rd in Newark, DE and zip code 19711. This 2,530 square foot home, which was built in 1900, sits on a 0.70 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 21, 2023 and is currently priced at $475,000.

In March 2024, from all listings sold in Newark, DE there were more than 27 sold above asking price, over 16 sold below and more than 16 were sold right at the asked price. The number of homes for sale in Newark, DE increased by 1.1% between February 2024 and March 2024. The median list price of listings available in March 2024 was $345,022, while the average time on the real estate market was 14 days.

From Rocket Homes Real Estate and based on county public records data.

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