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240 Chapman Rd; Newark, DE Property Details

240 Chapman Rd, Newark, DE is a Hotel-resort that was built in 1989. This property is currently a cash purchase and is not for sale. Our records show that 240 Chapman Rd has a total of 81,142 square feet. The lot size of 240 Chapman Rd is 217,800 square feet.

Off market
240 Chapman Rd Newark, DE 19702
$5,867,800 Estimated Value
81,142 SqFt
Property Type
Hotel-resort
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Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1989
  • Purchase Price: $3,218,000
  • Open Loans / Balance: 1 / $9,152,687
  • APN: 09-029.00-031
  • Situs County: New Castle
  • Length Of Ownership: 18 years, 6 months

Structure

  • Building Style: Concrete
  • Stories: 2
  • Exterior Wall Type: Wood
  • Building Condition: Average
  • Building Quality: B
  • Sewer Type: Yes

Measurements

  • Total: 81,142/SqFt
  • Lot: 217,800/SqFt
  • Gross: 81,142/SqFt
  • Living: 81,142/SqFt
  • Building: 81,142/SqFt
  • Ground: 40,341/SqFt
  • Price Per Square Foot: $39.66

Legal Description

  • Description: BEG AT POINT ON SELY SIDE OF INTERSTATE ROUTE 95 BEING DISTANT N 45 DEG 2 MINUTES E 150.65 FT MEASURED ALONG SAID SELY SIDE OF INTERSTATE ROUTE
Building Insights

Land Information

  • Property Type: Hotel-Resort
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Christina School District
  • Lat / Lon: 39.667297 / -75.68175
  • Subdivision: Residence Inn
  • Property Class: Commercial
  • Zoning: CR
  • County Use Code: 131

Amenities

  • Plus Four: 5405
  • Cooling: Yes
  • Heating: Yes

Ownership Info

240 Chapman Rd has no associated ownership info
240 Chapman Rd has no associated ownership info.

Taxes

240 Chapman Rd has 7 associated Taxes items

240 Chapman Rd, Newark, DE pays taxes in New Castle County, DE. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $5,867,800. The APN we've located for 240 Chapman Rd is 09-029.00-031.

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Taxes
  • Assessed Value:  $5,867,800
  • Assessed Year:  2025
  • Assessed County:  New Castle
  • APN:  09-029.00-031
  • Assessed Land Value:  1100000
  • Tax Amount:  61073.74
  • Tax Year:  2025

Tax History

240 Chapman Rd has 12 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $5,867,800 Land Value $1,100,000 Improvement Value $4,767,800 Tax Amount $61,073.74 Change Rate -0.255034% Assessed CR Tax Rate +0.010408%
Year 2024 Assessed Value $1,925,300 Land Value $653,400 Improvement Value $1,271,900 Tax Amount $81,981.97 Change Rate +1.533284% Assessed CR Tax Rate +0.042581%
Year 2023 Assessed Value $1,925,300 Land Value $653,400 Improvement Value $1,271,900 Tax Amount $32,361.93 Change Rate +0.030614% Assessed CR Tax Rate +0.016809%
Year 2022 Assessed Value $1,925,300 Land Value $653,400 Improvement Value $1,271,900 Tax Amount $31,400.62 Change Rate Assessed CR Tax Rate +0.016309%
Year 2021 Assessed Value $1,925,300 Land Value $653,400 Improvement Value $1,271,900 Tax Amount Change Rate Assessed CR Tax Rate
Year 2020 Assessed Value $5,124,100 Land Value $653,400 Improvement Value $4,470,700 Tax Amount $201,871.61 Change Rate +0.131625% Assessed CR Tax Rate +0.039397%
Year 2019 Assessed Value $5,124,100 Land Value $653,400 Improvement Value $4,470,700 Tax Amount $178,390.94 Change Rate +16.188492% Assessed CR Tax Rate +0.034814%
Year 2018 Assessed Value $5,124,100 Land Value $653,400 Improvement Value $4,470,700 Tax Amount $10,378.51 Change Rate Assessed CR Tax Rate +0.002025%
Year 2017 Assessed Value $5,124,100 Land Value $653,400 Improvement Value $4,470,700 Tax Amount Change Rate Assessed CR Tax Rate
Year 2016 Assessed Value $5,124,100 Land Value $653,400 Improvement Value $4,470,700 Tax Amount $167,145.58 Change Rate +0.097756% Assessed CR Tax Rate +0.03262%
Year 2015 Assessed Value $5,124,100 Land Value $653,400 Improvement Value $4,470,700 Tax Amount $152,261.09 Change Rate +0.0003% Assessed CR Tax Rate +0.029715%
Year 2014 Assessed Value $5,124,100 Land Value $653,400 Improvement Value $4,470,700 Tax Amount $152,215.48 Change Rate Assessed CR Tax Rate +0.029706%
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