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$1,299,000

Beds
5
Baths
3.5
sq ft
5,575

440 Smith Mill Rd, Newark, DE 19711

440 Smith Mill Rd

NEWARK, DE 19711

  • 23 days on market
    • Price drop $99,000↓
Welcome home to Willow Ridge Farm, where you will discover the perfect blend of historic charm and modern convenience in this beautifully maintained 1900 farmhouse. Nestled off Smith Mill Rd and adjacent to White Clay Creek and Middle Run Nature areas, this 5-bedroom, 3.5-bath farmhouse is situated on nearly 5 serene acres, offering a peaceful retreat with plenty of space to enjoy the outdoors. The main residence boasts numerous upgrades throughout the years, including soapstone counters in the kitchen, a new roof in 2018, and the installation of a 1500-gallon septic system in the coming weeks. The home has retained its classic charm with original hardwood floors and traditional architectural details. A separate carriage house adjacent to the main home offers accommodations for guests, extended family, or multigenerational living. Featuring 3 additional bedrooms, 2 bathrooms, and a fully-equipped galley kitchen, its well-designed layout guarantees privacy, independence, comfort, and convenience for all. The expansive grounds are perfect for outdoor enthusiasts. There, you will find several fenced pastures and a center aisle 5-stall barn equipped with a wash stall, 4 paddocks, and a turn-out ring, all well-maintained and ready for horses or other livestock. This unique property offers a harmonious balance of rustic tranquility and modern living, creating the perfect haven for those seeking a retreat from the hustle and bustle of everyday life, yet close enough to various shopping districts, restaurants, and other areas of interest. Experience the charm of Willow Ridge Farm and make it your own private sanctuary.

Details

Property type

Single Family Residence

Est. home value

$914,478

Lot size

4.88 acres

Price per sq ft

$234

Year built

1900

Annual property taxes

$6,024

HOA

No

Price History

02/17/2025
Bright

Bright #DENC2075788

Price change
$1,299,000
-7.08%
02/12/2025
Bright

Bright #DENC2075788

Listed
$1,398,000
+19.49%
09/21/2022
Bright

Bright #DENC2027710

Sold
$1,170,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

CHRISTINA

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

$347,088
Asking price
$1,299,000
Closing costs (~8% of asking)
-$103,920
Est. remaining loan balance
-$847,992
Cash to seller
$347,088

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

Seller’s Loan History

Lender

Embrace Home Loans Inc

Loan start date

September 2022

Original loan amount

$877,500

Est. remaining balance

$847,992

Interest rate

5.54%

Loan type

New Conventional, 30 year

Seller

Joseph M Johnston Sr and Lillian L Johnston

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: 03/03/2025 at 6:20 PM

Listing updated: 02/17/2025 at 11:40 AM

Listed by: Christine Menozzi, Patterson-Schwartz-Hockessin Phone #: (302) 239-3000

MLS: Bright #DENC2075788

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