NOT LISTED FOR SALE

1007 Shannon Falls Dr Newark, DE 19702

Estimated Value: $490,000 - $617,000

3 Beds
3 Baths
2,311 Sq Ft
$232/Sq Ft Est. Value

Last Sold November 16, 2023

Last sale price $479,990 $208 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,384/month

15 Days on Market

Highlights

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

About This Home

As of November 2023

Up to $30,000 in CLOSING COSTS with a closing before 11/30/23!!** Step inside this remarkable home, meticulously crafted with your comfort and convenience at the forefront of its design. Embrace the freedom of single-level living, where everything you need for your daily life is thoughtfully positioned on the first floor, with the added bonus of extra space upstairs.
The welcoming floorplan unfolds to reveal an expansive great room seamlessly connected to a spacious kitchen, featuring abundant storage, stainless appliances, and exquisite quartz countertops. A generous dining area graced with ample wall space beckons, ready to accommodate your cherished furniture pieces or a canvas for new inspirations. Extending the great room is a sunroom adorned with windows, bathed in natural light, offering captivating views of the lush backyard and its wooded splendor, ensuring that you can relish the view from every corner of the main living space. The primary bedroom, a true sanctuary, boasts ample room, a luxurious en-suite bathroom, and not one but two spacious closets, and the same beautiful wooded views. Additionally, a conveniently located home office on this level can easily transform into a cozy den or a hobby haven, particularly appealing to those fortunate retirees seeking leisure and creativity. Venture upstairs to discover a generously sized loft, a third bedroom, and a full bath, providing added flexibility and comfort for both residents and guests. Nestled within a tranquil and welcoming neighborhood, this home offers a serene retreat within easy reach of local attractions and essential services. Embrace the low-maintenance lifestyle that this community provides, allowing you to focus on what truly matters most in life. *Pictures are of similar home of same layout and for representational purposes only. Selections and home details will vary. See New Home Consultant for details. **Interest rate or closing cost incentives for those who qualify and with use of Lennar Mortgage

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

  • $4,799

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
  • Traditional Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2,311 Sq Ft Home
  • Property has 2 Levels
  • 1 Fireplace

Bedrooms and 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 11-020.40-055

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

$4,799

Lot Details

0

HOA Fees

$198 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Accessibility Features: Doors - Lever Handle(s), Level Entry - Main
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Main, Upper 1
  • 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: 2
  • Basement: No
  • Total Sq Ft: 2311
  • Living Area Sq Ft: 2311
  • Price Per Sq Ft: 207.70
  • Above Grade Finished Sq Ft: 2311
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: 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: 4799.00
  • Assessor Parcel Number: 11-020.40-055
  • 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 16, 2023
Sold by
Lennar and Us Home Llc
Bought by
Westerinen William Jefferson and Westerinen Andrea Rose
Seller's Agent
David Vasso
Atlantic Five Realty
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$479,990
Sold Price
$479,990
Views
3
Current Estimated Value
$536,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,026
Avg. Annual Appreciation
5.51%
Original Mortgage
$383,992
Outstanding Balance
$377,458
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$158,558

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
Westerinen William Jefferson $479,990 Spn Title
Us Home Corporation -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Westerinen William Jefferson $383,992
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2023 11/16/23 Sold $479,990 0.0% $208 / Sq Ft
10/21/2023 10/21/23 Pending -- -- --
10/06/2023 10/06/23 For Sale $479,990 -- $208 / 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 $4,486 $101,000 $12,600 $88,400
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: DENC2050530

Bright MLS

APN: 11-020.40-055