NOT LISTED FOR SALE

1005 Shannon Falls Dr Newark, DE 19702

Estimated Value: $429,000 - $536,000

2 Beds
2 Baths
1,936 Sq Ft
$253/Sq Ft Est. Value

Last Sold November 15, 2023

Last sale price $455,310 $235 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,061/month

6 Days on Market

Highlights

  • New Construction
  • 1 Fireplace
  • Cottage
  • Active Adult
  • Community Pool
  • 2 Car Direct Access Garage

About This Home

As of November 2023

Up to $30,000 on closing costs for those who qualify with a closing on or before 11/15/23! FAST SELLING Active Adult Community in New Castle County!! Quick Move in Mendocino available on a cul-de-sac homesite with WOODED views in the back! Come see this beautiful home and why so many have already decided to call Cascades home! The Mendocino floorplan epitomizes the essence of single-level living at its pinnacle, offering the generous room and storage space you desire while maintaining effortless maintenance, all within a footprint just under 2,000 sq. ft. Stepping into this exquisite home, you are greeted by a grand and inviting foyer that beckons your gaze through to the rear of the residence. In the front, you'll discover a generously proportioned home office, followed by an elegant formal dining area, perfect for those who hold dear their cherished furniture pieces. As you delve deeper into the heart of this home, a stunning kitchen steals the spotlight, boasting exquisite quartz countertops, 42" cabinets adorned with crown molding, and stainless steel appliances. The fireplace becomes the captivating focal point in the adjacent great room, creating a warm and inviting living space that effortlessly extends outdoors to the covered porch, where you can savor the breathtaking wooded views. Returning indoors, the primary bedroom awaits nearby, offering a spacious closet and a luxurious en suite bathroom, where pampering becomes a daily ritual. Down the hallway, you'll find an additional bedroom, thoughtfully designed to accommodate your guests or loved ones, and a generously proportioned laundry room with convenient access to the two-car garage. This home is a harmonious blend of functionality and beauty, offering a serene and convenient lifestyle. The Cascades clubhouse will feature a fitness center and bathroom. The pool is under construction! **EXTERIOR PIC IS OF ACTUAL HOME! Interior pictures are of model home and for representational purposes only. Selections and home details will vary.

Last Agent to Sell the Property

David Vasso

(856) 424-3339 david@atlanticfive.com Atlantic Five Realty Listed on: 10/06/2023

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office License #0225194075

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,553

Lot Details

  • 6,098 Sq Ft Lot
  • Property is in excellent condition

HOA Fees

  • $198 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • New Construction
  • Cottage
  • Slab Foundation
  • Shake Siding
  • Vinyl Siding

Interior Spaces

  • 1,936 Sq Ft Home
  • Property has 1 Level
  • 1 Fireplace

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Doors with lever handles
  • Level Entry For Accessibility

Utilities

  • Central Air
  • Cooling System Utilizes Natural Gas
  • Heating Available
  • Programmable Thermostat
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 11-020.40-054

Community Details

Overview

  • Active Adult
  • Active Adult | Residents must be 55 or older

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,553

Lot Details

0

HOA Fees

$198 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Accessibility Features: Doors - Lever Handle(s), Level Entry - Main
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Main
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Slab
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1936
  • Living Area Sq Ft: 1936
  • Price Per Sq Ft: 235.18
  • Above Grade Finished Sq Ft: 1936
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Shake Siding, Vinyl Siding
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Garage Door Opener, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C, Programmable Thermostat
  • Heating Fuel: Natural Gas
  • Heating Type: Programmable Thermostat
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 198.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community Age Requirement: 55
  • Senior Community: Yes

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6098.00
  • Property Condition: Excellent
  • Zoning: R
  • In City Limits: No

Rental Info

  • Pets: Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4553.00
  • Assessor Parcel Number: 11-020.40-054
  • Tax Year: 2023

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2023
Closed on
Nov 15, 2023
Sold by
Us Home Llc
Bought by
Pipchinski Richard John and Dorazi Alice Marie
Seller's Agent
David Vasso
Atlantic Five Realty
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$455,310
Sold Price
$455,310
Views
24
Current Estimated Value
$490,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,153
Avg. Annual Appreciation
3.68%
Original Mortgage
$364,248
Outstanding Balance
$358,050
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$132,413

Purchase Details

Closed on
Feb 5, 2021
Sold by
Fl 40 Llc
Bought by
Us Home Corporation
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pipchinski Richard John $455,310 Spn Title
Us Home Corporation -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pipchinski Richard John $364,248
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2023 11/15/23 Sold $455,310 0.0% $235 / Sq Ft
10/12/2023 10/12/23 Pending -- -- --
10/06/2023 10/06/23 For Sale $455,310 -- $235 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $3,482 $78,400 $12,600 $65,800
2023 $261 $6,300 $6,300 $0
2022 $260 $6,300 $6,300 $0
2021 $255 $6,300 $6,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2050526

Bright MLS

APN: 11-020.40-054