A Centreville estate called Shadowbrook has set a record for Delaware property sales. (Courtesy of Steve Crifasi, Patterson-Schwartz Real Estate)

Exclusive: Record $18M for Delaware residential property

Ken MammarellaBusiness, Culture, Headlines

A Centreville estate with a 10-bedroom house, five rental properties and two barns on 152 acres has just been sold for $18 million. That’s a record for Delaware, according to Steve Crifasi, the listing agent with Christopher S. Patterson, both of Patterson-Schwartz Real Estate. “It’s drop-dead beautiful,” he told DelawareLive. “What makes the property so unique is that it is …

real estate

How’s the Del. housing market? Depends on who you talk to

Ken MammarellaBusiness, Headlines

My uncle, a resident of Bethany Beach, liked to say that people who lived at the beach talked about three things: real estate, the weather and where to eat. Here are a few interesting numbers to spark a conversation about real estate: • The Lewes area is Delaware’s hottest market in terms of rising prices, according to the real estate …

Realty transfer tax

Delaware’s realty transfer tax to remain highest in nation

Charles MegginsonHeadlines, Government

Delaware will remain the state with the highest realty transfer tax in the nation after a bill to decrease the tax died in the General Assembly.  Introduced by Rep. Bill Bush, D-Dover, House Bill 358 would have cut the tax from 4% of a property’s sale price to 3% — the level it was at prior to 2017 when the …

Realty transfer tax

Bill to lower realty transfer tax sails through House committee

Charles MegginsonBusiness, Headlines

A bill to decrease Delaware’s realty transfer tax from 4% to 3% was released from the House Administration Committee Wednesday. Introduced by Rep. Bill Bush, D-Dover, House Bill 358 would make law of something Rep. Mike Ramone, R-Pike Creek South, has been preaching for years: reducing the cost of Delaware’s real estate transfer tax after it was increased during financially …