See Home Value
$880,000
● House - Off Market

1427 OLMSTED DRIVE

BEAR, DE 19701
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,525 Ft²
$4,992
Est. Monthly
$121
HOA / Fees
3.19%
Cap Rate

About This Property

Welcome to 1427 Olmsted Dr-a beautifully maintained, brick-front 5-bedroom, 4.5-bath home offering over 4,500 square feet of elegant living space in the highly sought-after Red Lion Chase community.

From the moment you enter, you're greeted by a breathtaking two-story foyer featuring a dramatic dual staircase and graceful archways that define the formal living and dining spaces. Rich hardwood floors and custom architectural details flow throughout, creating a timeless and sophisticated atmosphere.

To your right, a formal sitting room provides the perfect space to gather or relax, while to your left, a spacious dining room connects seamlessly to the heart of the home-the expansive kitchen. This chef-inspired space boasts granite countertops, stainless steel appliances, an abundance of cabinetry, a large walk-in pantry, a double wall oven, and a center island ideal for prep or casual dining. A raised peninsula adds additional seating and opens to a sun-drenched morning room-perfect for entertaining. You'll also find a built-in coffee bar, making mornings extra enjoyable.

The two-story family room is the showstopper of the home, with soaring ceilings, a wall of windows that flood the space with natural light, rich hardwood flooring, a cozy gas fireplace, and a stunning custom chandelier that adds warmth and sophistication. Just off the family room is a handsome study with custom built-ins-ideal for working from home or curling up with a book.

Tucked behind the kitchen, a versatile first-floor room with its own private full bath is perfect for an in-law suite, guest quarters, or dedicated home office. Also on the main level is a large laundry room with tile flooring, upper cabinets for storage, and a utility sink-a functional and convenient feature of everyday living.

Upstairs, retreat to a luxurious owner's suite featuring a private sitting area, a spacious sleeping quarters, and a dressing corridor that includes a built-in vanity and two oversized walk-in closets. The en-suite bath boasts dual sinks, a soaking tub, and a walk-in shower. Three additional generously sized bedrooms and two full baths complete the upper level.

Step outside and discover a backyard oasis-professionally landscaped with custom hardscaping, a stunning stone fireplace, and a private walkway that connects the front of the home to the rear entertaining area. The lawn is equipped with a full irrigation sprinkler system, and the property backs to protected community open space, offering enhanced privacy and picturesque views.

The walk-out basement offers endless potential-already roughed in for a bathroom and ready to be finished into the ultimate recreation or entertainment space. It also includes a secure room featuring a Bighorn safe, perfect for storing valuables or creating a hobby or wine room.

Additional highlights include a 3-car side-entry garage with a pristine epoxy floor, offering space for vehicles, tools, or a workshop.

As a resident of Red Lion Chase, you'll enjoy access to resort-style community amenities including a clubhouse, fitness center, outdoor pool, tennis and pickleball courts, basketball courts, and a playground.

Ideally located close to major roadways including Route 1 and I-95, this home is just a short drive to Middletown, Christiana Mall, grocery stores, favorite local restaurants, and the Michael N. Castle C&D Canal Trail-perfect for scenic walks, bike rides, and breathtaking views of the water.
Unit Size
4,525 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$199
Property Type
House
Property Taxes
$452
HOA Dues
$121
Year Built
2010

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Last updated: 2 years ago (Bright MLS #DENC2083064)

Price History

Date / Event Date Event Price
Aug 26, 2025 Sold
Sold
Jul 19, 2025 In contract -
In contract
Jul 10, 2025 Listed by Crown Homes Real Estate $899,900
Listed by Crown Homes Real Estate
Mar 21, 2011 Sold
Sold
May 8, 2009 Sold
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 18
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 8
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 4,345
  • Gross Building Area: 4,345
  • Building Area: 4,345
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 4,345
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RED LION CHASE PHASE 2
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 011

Neighborhood

  • School District Name: Colonial School District
  • School Tax School District: TRS4
  • Census Tract: 016401

Zoning

  • Zoning: S

Geography

  • Assessors Map Reference: 12-026
  • District: 12
  • Parcel: 12-026.00-135
  • Lot: 141
  • Municipality: RED LION HUNDRED
  • Latitude: 39.5634
  • Longitude: -75.6785

    Address

  • Full Address: 1427 Olmsted Dr
  • Address - House Number: 1427
  • Address - Street Name: Olmsted
  • Address - Suffix Type: Dr
  • State: DE
  • City Name: Bear
  • Carrier Code: R021
  • 4-Digit Zip Code: 4961
  • Zip Code: 19701

Valuation

    Tax

  • Total Area: 4,525
  • Tax Year: 2023
  • Tax Amount: $501,513
  • Tax Rate Code Area: TRS4;TRLU

    Appraisal Valuation

  • Standard Deviation: 0.1797
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 76
  • Final Value: 944,556
  • High Value: 1,114,333
  • Low Value: 774,779

    Market Valuation

  • Market Total Value: $700,470

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $173,500
  • Assessed Land Value: $11,800
  • Assessed Improvements Value: $161,700

    Sales

  • Current Sale Contract Date: Mar 08, 2011
  • Current Sale Recording Date: Mar 21, 2011
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20110321-0015189
  • Previous Sale Recording Date: May 08, 2009
  • Previous Sale Contract Date: May 07, 2009
  • Previous Sale Amount: $1,408,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Red Lion Chase


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Nearby Rentals

Currently no nearby rentals


Frequently Asked Questions

When was property at 1427 Olmsted Drive built and last sold?
The property at 1427 Olmsted Drive was built in 2010 and last sold on Mar 8, 2011 for $588,274.
How much is this home worth?
The estimated value of the home located at 1427 Olmsted Drive is $908,899.
What are some comparable homes to 1427 Olmsted Drive?
There are currently no comparable homes to 1427 Olmsted Drive.