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$400,000

Beds
3
Baths
2.0
sq ft
2,400

1248 Lorewood Grove Rd, Middletown, DE 19709

1248 Lorewood Grove Rd

MIDDLETOWN, DE 19709

  • 18 days on market
Charming Farmhouse with Endless Possibilities in Middletown, Delaware 0% Down Payment Option Available Welcome to this picturesque country home, nestled on a half-acre lot with no home owner's association, offering the freedom and flexibility to make it truly your own. Located in the sought-after Appoquinimink School District, this charming property blends modern comfort with timeless farmhouse character, making it a perfect choice for families, hobbyists, or small business owners. The home features a very large attached workshop. It has also has a gourmet kitchen layout that is great for staying home or entertaining family and friends. The kitchen flows into the large family room with a stone wood burning fireplace that is the center point of the room. There is a large recreation room in the rear of the home and there are two office spaces perfect for a quiet place to read or for a work from home set up. This storybook home exudes warmth and welcome, from the charming farmhouse ambiance to the stunning country setting. Perfect for motorcycle enthusiasts, classic car collectors, or those needing space for equipment or ATVs, this property also caters to small business owners seeking workspace and storage.

Details

Property type

Single Family Residence

Est. home value

$306,707

Lot size

0.47 acres

Price per sq ft

$167

Year built

1970

Annual property taxes

$2,113

HOA

No

Price History

12/04/2024
Bright

Bright #DENC2072832

Listed
$400,000
+370.59%
12/14/2016
Bright

Bright #1003958979

Sold
$85,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

APPOQUINIMINK

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$129,982
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$238,018
Cash to seller
$129,982

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Sprout Mortgage Llc

Loan start date

June 2022

Original loan amount

$247,500

Est. remaining balance

$238,018

Interest rate

5%

Loan type

New Conventional, 30 year

Seller

Delaware Home Renovations Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 12:05 AM

Listing updated: 12/07/2024 at 9:39 AM

Listed by: Raymond Petkevis, Real Broker LLC Phone #: (855) 450-0442

MLS: Bright #DENC2072832

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