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503 Cabot Drive

503 Cabot Drive, Hockessin, DE 19707
Property in Gateway Farms
Sold Nov 02, 2011
$190,000
$185,183 by Superior Home Mortgage Corp
Mortgage Due Nov 01, 2041
Sold May 09, 2001
$172,500
$122,000 by Delaware Financial Capital Cor
Mortgage Due May 01, 2031
503 Cabot Drive in Hockessin, DE was first built in 1970 and is 54 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a raised ranch style. It is a single story home. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 503 Cabot Drive has 1,176 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 700 ft and the linear feet between the front and back of the lot is 1,220. In total, the area measurement of the land is 9,148 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of asphalt. The property is connected to a sewer system. For those who need parking, there is a garage underground or in the basement. There is one available parking space. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of asbestos shingle. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. The property was last sold in Oct 27, 2011 for $190,000. That's $161.56 per sqft. Prior to that sales transaction, the property was also sold in May 2, 2001 for $172,500. 503 Cabot Drive was last assessed in 2023. The total value of the property was assessed at $63,700. Specifically, the land the property is located on was valued at $13,500. While improvements on the property were assessed at a total of $50,200. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $2,164. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Raised Ranch
  • Exterior Walls Type: Asbestos shingle
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Underground/basement
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 9,148
  • Lot Size Depth Feet: 1,220
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,176
  • Gross Building Area: 1,176
  • Building Area: 1,176
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,176
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HICKORY HILL
  • Land Acres: 0.21
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Pipeline or right-of-way

Ownership

  • Current Owner : CORONA JUVENTINO
  • Current Owner 2: CORONA SILVIA A
  • Previous Owner : GRUBE GINA L
  • Owner Before Previous Owner: CAREY RICHARD G
  • Owner Before Previous Owner 2: CAREY BARBARA P
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Red Clay Consolidated School District
  • School Tax School District: TRS2
  • Census Tract: 013508

Zoning

  • Zoning: NC6.5

Geography

  • Assessors Map Reference: 08-012
  • District: 08
  • Parcel: 08-012.20-052
  • Block: 3 J
  • Lot: 225
  • Municipality: MILL CREEK HUNDRED
  • Latitude: 39.7834
  • Longitude: -75.6957

    Address

  • Full Address: 503 Cabot Dr
  • Address - House Number: 503
  • Address - Street Name: Cabot
  • Address - Suffix Type: Dr
  • State: DE
  • City Name: Hockessin
  • Carrier Code: R008
  • 4-Digit Zip Code: 1138
  • Zip Code: 19707

Valuation

    Tax

  • Total Area: 2,050
  • Tax Year: 2023
  • Tax Amount: $2,164
  • Tax Rate Code Area: LCCK;TRS2;

    Appraisal Valuation

  • Standard Deviation: 0.2149
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 70
  • Final Value: 374,726
  • High Value: 455,279
  • Low Value: 294,173

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $189,494
  • First Open Lien Mortgage Lender: SUPERIOR HOME MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Nov 02, 2011
  • First Open Lien Mortgage Loan Amount: $185,183
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2041
  • Second Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • Second Open Lien Mortgage Recording Date: Sep 22, 2020
  • Second Open Lien Mortgage Loan Amount: $4,311
  • Second Open Lien Mortgage Term: 253
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Nov 01, 2041

    Market Valuation

  • Market Total Value: $308,160

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $63,700
  • Assessed Land Value: $13,500
  • Assessed Improvements Value: $50,200

    Sales

  • Current Sale Contract Date: Oct 27, 2011
  • Current Sale Recording Date: Nov 02, 2011
  • Current Sale Transaction ID: 1089094340
  • Current Sale Price: $190,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 20111102-0066656
  • Previous Sale Recording Date: May 09, 2001
  • Previous Sale Contract Date: May 02, 2001
  • Previous Sale Amount: $172,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUPERIOR HOME MORTGAGE CORP
  • First Mortgage Transaction Date: Nov 02, 2011
  • First Mortgage Loan Amount: $185,183
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2041

    Previous Mortgages

  • Previous Mortgage Lender: DELAWARE FINANCIAL CAPITAL COR
  • Previous Mortgage Transaction Date: May 09, 2001
  • Previous Mortgage Loan Amount: $122,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: May 01, 2031

About Gateway Farms



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Frequently Asked Questions

What neighborhood is 503 Cabot Drive located in?
The 503 Cabot Drive is a located in the neighborhood of Gateway Farms in Gateway Farms, Hockessin.
What is the average sales price for listings in 503 Cabot Drive?
The average sales price for units in 503 Cabot Drive is $0 currently.

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