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Backup Offers

503 Faraday Rd, Hockessin, DE, 19707

$505,000

Home List Price

$5,997*

Closing Credit

4 Bedrooms
2 Full Baths, 1 Partial
1,950 SqFt
$259/SqFt
House

Location

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503 Faraday Rd, Hockessin$505,000

Buyer Closing Credits

$5,997*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage - Front Entry, Garage Door Opener, Attached Garage, Driveway
Garage1 space
Year Built1970
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #DENC2068312
Lot Size0.32 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 503 Faraday Rd

Charming Hockessin Colonial in Hickory Hills. This 4 Bedroom/2.5 Bath sits perfectly in a cul-de-sac with excellent curb appeal outside and beautiful hardwood floors throughout the inside. NO CARPET! The main level is well appointed with a bay window in the living room, separate dining room, eat-in kitchen with newer stainless steel appliances, gas range, neutral updated cabinetry and granite countertops. There's a kitchen pass through to the nice size family room with a skylight and sliders opening to a paver patio and flat backyard that is completely fenced in that backs to open green space. The laundry room completes the level with newer front load washer & dryer, ample shelving and a half bath. Upstairs you'll find ceiling fans in ALL 4 of the bedrooms. The primary bedroom is spacious with 3 closets plus a linen closet and bath with granite countertop vanity, walk-in glass door shower with tile to the ceiling and skylight. The remaining 3 bedrooms are all nice sizes and the hall full bath has a tub/shower with a dual sink granite top vanity. Attic access is in the upstairs hallway. The unfinished basement provides lots of storage space. NEW ROOF 2022! TANKLESS Water Heater 2015! This beautiful home is ready for its new owners to enjoy! Northwest corner of property is in flood zone. The house structure itself is not. Seller was not required at time of purchase in 2015 to have/obtain flood insurance. Please see Seller Disclosures pg. 8 for additional seller information.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1970
  • Stories: 2
  • Living Area: 1,950 SqFt

Listing Office:

  • Office Name: Patterson-Schwartz-Newark
  • Office Phone: (302) 733-7000
  • Listing Agent: Jennifer Meier Pipinos

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Gas Range, Refrigerator, Stainless Steel Appliances, Washer, Tankless Water Heater
  • Basement: Yes
  • Flooring Type: Hardwood

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Exterior Lighting, Sidewalks, Street Lights

Parking Information:

  • Garage Space: 1 space
  • Parking: Garage - Front Entry, Garage Door Opener, Attached Garage, Driveway

Lot Features

Lot Information:

  • Lot Size: 0.32 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: gps

Price Information

Listing Price Info

Price Summary:

  • List Price: $505,000
  • Price Per SqFt: $259/SqFt

HOA Fees:

  • Amount: $50
  • Frequency: Annually

Tax Information:

  • Annual Amount: $2,413
  • Tax Year: 2021
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Housing Market Comparison

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

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Hockessin, DE

City

Med. Sold Price

$597K

Med. Price/SqFt

$206

Avg. Days On Market

21

# of Sold Homes

17

503 Faraday Rd vs Hockessin

61 DAYS ON ROCKET

+40 Days

$505,000

-$92K Less

$259/SqFt

+$52 More

KEY TAKEAWAY

This property is $92K less than the Median Sold Price and $52/SqFt more than other homes in Hockessin, DE.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #DENC2068312

Listing Office:

  • Office Name: Patterson-Schwartz-Newark
  • Office Phone: (302) 733-7000
  • Listing Agent: Jennifer Meier Pipinos

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: 11/14/2024, 12:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 11, 2015Home Sold
$315,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,413$70,700
2020$2,413$70,700
2019$2,371$70,700
2018$2,343$70,700
2017$2,229$70,700

History based on county public records data.

Payment Calculator

$2,592

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,581

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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.

Nearby Schools

school-card-donut-149412
10
/10

  • North Star Elementary School

  • 1340 Little Baltimore Rd

  • 1.34 miles

  • Public District Grades KG-5

school-card-donut-149413
9
/10

  • William F. Cooke Jr. Elementary School

  • 2025 Graves Rd

  • 1.50 miles

  • Public District Grades KG-5

school-card-donut-149414
9
/10

  • Linden Hill Elementary School

  • 3415 Skyline Dr

  • 3.04 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $95,570. Typical income of Hockessin, DE residents is between $35k-100k annually. The most common type of family is married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 503 Faraday Rd

What is the listing price of this property?

The listing price of 503 Faraday Rd property is $505,000.

What type of property is this?

The property 503 Faraday Rd is a house located in Hockessin, Delaware, 19707.

Is this property for sale now?

Accepting Backup Offers: 503 Faraday Rd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,413 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 11, 2015 for $315,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 503 Faraday Rd has 4 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 503 Faraday Rd is 1,950 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 503 Faraday Rd is 1970.

Rocket Homes›Delaware›New Castle County›Hockessin›19707›503 Faraday Rd

This home is located at 503 Faraday Rd in Hockessin, DE and zip code 19707 in the Gateway Farms neighborhood. This 1,950 square foot home, which was built in 1970, sits on a 0.32 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $505,000.

Over 7 listings were sold over their listed price in October 2024 in Hockessin, DE. In the same period over 8 listings were sold below the listed price and 2 listings were sold for the listed price. The number of homes for sale in Hockessin, DE increased by 10% between September 2024 and October 2024. The median list price of listings available in October 2024 was $597,009, while the average time on the real estate market was 21 days.

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

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