1 Savoy Rd Newark, DE 19702
Bear NeighborhoodEstimated Value: $626,000 - $687,000
4
Beds
3
Baths
4,725
Sq Ft
$139/Sq Ft
Est. Value
Highlights
- In Ground Pool
- Colonial Architecture
- Den
- 0.47 Acre Lot
- Recreation Room
- Sitting Room
About This Home
As of July 2022Step inside this stunning two-story Colonial in a popular Newark community and you will be struck by the spacious, bright and open floor plan! Enter the home through the grand 2-story Foyer with updated flooring and lots of natural light streaming in. The Formal Dining Room and step-down Living Room are situated on either side of the Foyer flanked with crown molding & wainscotting. Not to be missed is the large main floor Office tucked away in a quiet corner of the home and located next to a full bathroom! The Eat-in-Kitchen is open to the spacious Family Room with doors leading to the backyard oasis and the back staircase! White kitchen cabinetry, granite counters, stainless steel appliances, pantry and ample counter space provides for a family cook’s dream! Upstairs boasts a large Primary Bedroom with Sitting Room, two walk-in closets, and spacious Owners Bathroom including a soaking tub & separate make-up counter area! The other 3 Bedrooms on this floor are very generously sized and share a large hall Bath. Also on this floor is the conveniently located Laundry Room with washer & dryer included! The nicely finished basement adds loads of additional living space including plenty of room for storage in the unfinished area. Looking out the Family Room doors you’ll see the backyard retreat! Enjoy the in-ground pool, entertaining on the super-sized deck, or just hanging out in the fenced in yard with your family or guests. Not to be overlooked is the quiet lot/cul-de-sac location; oversized garage; and the updates to the home including: 1st floor windows replaced (2016); furnace replaced (2016); pool liner (2016), filter (2017), & pump (2021); roof replaced (2013), and the list goes on! Fabulous location just minutes to I-95 & Route 1, Christiana Care, the Mall and plenty of eateries. This home won’t last long so make your appointment today!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,115
Year Built
- Built in 1996
Lot Details
- 0.47 Acre Lot
- Lot Dimensions are 44.5 x 120.3
- Cul-De-Sac
- Back Yard Fenced
- Property is zoned NC6.5
HOA Fees
- $19 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- 4 Driveway Spaces
- Oversized Parking
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- Property has 2 Levels
- Fireplace With Glass Doors
- Gas Fireplace
- Family Room
- Sitting Room
- Living Room
- Breakfast Room
- Dining Room
- Den
- Recreation Room
- Partially Finished Basement
- Crawl Space
Bedrooms and Bathrooms
- 4 Bedrooms
- En-Suite Primary Bedroom
Laundry
- Laundry Room
- Laundry on upper level
Pool
- In Ground Pool
Schools
- Marshall Elementary School
- Kirk Middle School
- Christiana High School
Utilities
- 90% Forced Air Heating and Cooling System
- Electric Water Heater
Community Details
- Norwegian Woods Subdivision
Listing and Financial Details
- Assessor Parcel Number 09-034-30-207
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 12, 2022
Closed on
Jul 11, 2022
Sold by
Lemma Semret A
Bought by
Patel Rakesh and Patel Kalpana
Seller's Agent
Marguerite Argelander
Patterson-Schwartz-Hockessin
Buyer's Agent
Stephen Mervine
RE/MAX Associates-Hockessin
List Price
$549,900
Sold Price
$591,000
Premium/Discount to List
$41,100
7.47%
Total Days on Market
5
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,327
Avg. Annual Appreciation
3.83%
Original Mortgage
$472,800
Outstanding Balance
$407,618
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$250,709
Purchase Details
Listed on
Jun 25, 2015
Closed on
Oct 9, 2015
Sold by
Altaf Shahed and Waheed Humera
Bought by
Lemma Semret A and Lemma Ariana E
Seller's Agent
Lisa Michels
Patterson-Schwartz - Greenville
Buyer's Agent
Team Freebery
EXP Realty, LLC
List Price
$399,000
Sold Price
$399,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.98%
Original Mortgage
$359,100
Interest Rate
3.88%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 12, 2011
Closed on
Mar 17, 2012
Sold by
Altaf Shahed
Bought by
Altaf Shahed and Waheed Humera
Seller's Agent
Norma White
Keller Williams Realty
Buyer's Agent
Alan Mazzetti
Patterson-Schwartz - Greenville
List Price
$299,900
Sold Price
$299,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.98%
Original Mortgage
$243,000
Interest Rate
3.86%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 12, 2011
Closed on
Jan 6, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Altaf Shahed
Seller's Agent
Norma White
Keller Williams Realty
Buyer's Agent
Alan Mazzetti
Patterson-Schwartz - Greenville
List Price
$299,900
Sold Price
$299,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,920
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 1, 2011
Sold by
Elliot Timothy R and Wells Fargo Bank Na
Bought by
Federal Home Loan Mortgage Corporation
Purchase Details
Closed on
Dec 11, 2006
Sold by
Chapman Edward A and Chapman Constance A
Bought by
Elliott Timothy R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Patel Rakesh | -- | None Listed On Document | |
| Lemma Semret A | $299,250 | None Available | |
| Altaf Shahed | -- | None Available | |
| Altaf Shahed | $299,900 | None Available | |
| Federal Home Loan Mortgage Corporation | $390,000 | None Available | |
| Elliott Timothy R | $540,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Patel Rakesh | $472,800 | |
| Previous Owner | Lemma Semret A | $359,100 | |
| Previous Owner | Altaf Shahed | $243,000 | |
| Previous Owner | Altaf Shahed | $239,920 | |
| Previous Owner | Elliott Timothy R | $413,329 | |
| Previous Owner | Elliott Timothy R | $417,000 | |
| Previous Owner | Elliott Timothy R | $432,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/11/2022 07/11/22 | Sold | $591,000 | +7.5% | $125 / Sq Ft |
| 05/17/2022 05/17/22 | Pending | -- | -- | -- |
| 05/12/2022 05/12/22 | For Sale | $549,900 | +37.8% | $116 / Sq Ft |
| 10/09/2015 10/09/15 | Sold | $399,000 | 0.0% | $106 / Sq Ft |
| 09/05/2015 09/05/15 | Pending | -- | -- | -- |
| 06/25/2015 06/25/15 | For Sale | $399,000 | +33.0% | $106 / Sq Ft |
| 01/20/2012 01/20/12 | Sold | $299,900 | 0.0% | $79 / Sq Ft |
| 01/04/2012 01/04/12 | For Sale | $299,900 | 0.0% | $79 / Sq Ft |
| 01/03/2012 01/03/12 | Pending | -- | -- | -- |
| 12/23/2011 12/23/11 | For Sale | $299,900 | -1.6% | $79 / Sq Ft |
| 12/22/2011 12/22/11 | Pending | -- | -- | -- |
| 12/09/2011 12/09/11 | Pending | -- | -- | -- |
| 11/12/2011 11/12/11 | For Sale | $304,900 | -- | $81 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,382 | $122,300 | $18,600 | $103,700 |
| 2023 | $5,255 | $122,300 | $18,600 | $103,700 |
| 2022 | $5,224 | $122,300 | $18,600 | $103,700 |
| 2021 | $5,115 | $122,300 | $18,600 | $103,700 |
| 2020 | $4,987 | $122,300 | $18,600 | $103,700 |
| 2019 | $4,773 | $122,300 | $18,600 | $103,700 |
| 2018 | $517 | $122,300 | $18,600 | $103,700 |
| 2017 | $4,144 | $122,300 | $18,600 | $103,700 |
| 2016 | $4,144 | $122,300 | $18,600 | $103,700 |
| 2015 | $3,788 | $122,300 | $18,600 | $103,700 |
| 2014 | $3,804 | $122,300 | $18,600 | $103,700 |
Source: Public Records
Agents Affiliated with this Home
-
Marguerite Argelander
Seller's Agent in 2022
Marguerite Argelander
Patterson Schwartz
(302) 540-3426
2 in this area
35 Total Sales
-
Stephen Mervine
Buyer's Agent in 2022
Stephen Mervine
RE/MAX
(302) 234-3800
4 in this area
63 Total Sales
-
Lisa Michels
Seller's Agent in 2015
Lisa Michels
Patterson Schwartz
(302) 354-0118
6 in this area
149 Total Sales
-
Alan Mazzetti
Seller Co-Listing Agent in 2015
Alan Mazzetti
Patterson Schwartz
(302) 429-4500
5 in this area
68 Total Sales
-
Team Freebery
Buyer's Agent in 2015
Team Freebery
EXP Realty, LLC
(302) 420-8606
20 in this area
225 Total Sales
-
N
Seller's Agent in 2012
Norma White
Keller Williams Realty
(302) 465-8499
5 Total Sales
Map
Source: Bright MLS
MLS Number: DENC2023498
APN: 09-034.30-207
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