NOT LISTED FOR SALE

Estimated Value: $93,268 - $581,000

1.24 Acres
$246,425 Price per Acre
54,014 Sq Ft Lot

Last Sold January 06, 2021

Last sale price $67,500

Est. 356% increase in value since last sale

Current estimated payment $1,736/month

989 Days on Market

Highlights

  • 1.24 Acre Lot
  • No HOA
  • En-Suite Primary Bedroom

About This Lot

As of January 2021

LOCATION LOCATION LOCATION! Close to University of Delaware and Downtown Newark. Three separate lots to be packaged and sold all together for a total price of $127,500. Clara Lane is a road to be built by future owner and the separate parcel for this is also included. Great location for custom homes to be built for those looking for a serene location yet close to so many sites and activities. Hiking, biking, walking trails and the White Clay Creek all within reach from this great location. Fabulous opportunity to build three homes that the new owners will surely enjoy all the amenities of Downtown City of Newark Main Street with its abundance of shopping and restaurants. Also an Easy Commute to Wilmington and beyond. This gorgeous property is waiting for someone who has the vision to transform this land into beautiful home sites that will surely please their new owners. The sign is out on Capitol Trail in front of the stone house located at 305 W. Capitol Trail. However, the most convenient way to walk these properties is to arrange a tour with the listing agent. You may also park on Trout Stream and walk out onto the lots behind the homes on the left side of Trout Stream. All documentation on file is available to you upon request. Put your vision to work for you and create a rare investment opportunity for yourself and create the custom dream homes for others. The Parcels that are included in this low price of $127,500 for all are #1801500132 (future road Clara Ln),#1801500131(101 Clara Ln), #1800900001(103 Clara Ln) & #1800900121(105 Clara Ln), which are the 3 lots and the Clara Lane road parcel. Amazing Opportunity!

Last Agent to Sell the Property

Kathy Melcher

Coldwell Banker Rowley Realtors License #RS-0019961 Listed on: 03/06/2018

Coldwell Banker Rowley Realtors

Last Buyer's Agent

Kathy Melcher

Coldwell Banker Rowley Realtors License #RS-0019961 Listed on: 03/06/2018

Coldwell Banker Rowley Realtors

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $416

Lot Details

  • 1.24 Acre Lot
  • Additional Parcels
  • Property is zoned 18RS

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 121
  • Assessor Parcel Number 1801500131

Property Details

Property Type

Land

Est. Annual Taxes

$416

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Vacant
  • New Construction: No
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Remarks Public: LOCATION LOCATION LOCATION! Close to University of Delaware and Downtown Newark. Three separate lots to be packaged and sold all together for a total price of $127,500. Clara Lane is a road to be built by future owner and the separate parcel for this is also included. Great location for custom homes to be built for those looking for a serene location yet close to so many sites and activities. Hiking, biking, walking trails and the White Clay Creek all within reach from this great location. Fabulous opportunity to build three homes that the new owners will surely enjoy all the amenities of Downtown City of Newark Main Street with its abundance of shopping and restaurants. Also an Easy Commute to Wilmington and beyond. This gorgeous property is waiting for someone who has the vision to transform this land into beautiful home sites that will surely please their new owners. The sign is out on Capitol Trail in front of the stone house located at 305 W. Capitol Trail. However, the most convenient way to walk these properties is to arrange a tour with the listing agent. You may also park on Trout Stream and walk out onto the lots behind the homes on the left side of Trout Stream. All documentation on file is available to you upon request. Put your vision to work for you and create a rare investment opportunity for yourself and create the custom dream homes for others. The Parcels that are included in this low price of $127,500 for all are #1801500132 (future road Clara Ln),#1801500131(101 Clara Ln), #1800900001(103 Clara Ln) & #1800900121(105 Clara Ln), which are the 3 lots and the Clara Lane road parcel. Amazing Opportunity!
  • Special Features: None

Interior Features

  • Room List: Primary Bedroom
  • Price Per Sq Ft: 2.36
  • Street Number Modifier: 101

Exterior Features

  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: CHRISTINA
  • School District Key: 300200396890

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 1.24
  • Lot Dimensions: 0X0, LotWidth:262
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 54014.00
  • Zoning: 18RS
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 416.00
  • Assessor Parcel Number: 1801500131
  • Tax Lot: 121
  • Tax Data Updated: No
  • Tax Year: 2017
  • Close Date: 01/06/2021

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2018
Closed on
Jan 6, 2021
Sold by
Pirestani Assodollah
Bought by
Kelly Celeste
Seller's Agent
Kathy Melcher
Coldwell Banker Rowley Realtors
Buyer's Agent
Kathy Melcher
Coldwell Banker Rowley Realtors
List Price
$127,500
Sold Price
$67,500
Premium/Discount to List
-$60,000
-47.06%
Total Days on Market
989
Current Estimated Value
$307,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,233
Avg. Annual Appreciation
39.26%
Source: Public Records

Range of Values:

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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
Kelly Celeste -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2021 01/06/21 Sold $67,500 -47.1% --
03/06/2018 03/06/18 For Sale $127,500 -- --
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 $430 $11,600 $11,600 $0
2023 $419 $11,600 $11,600 $0
2022 $415 $11,600 $11,600 $0
2021 $404 $11,600 $11,600 $0
2020 $393 $11,600 $11,600 $0
2019 $344 $11,600 $11,600 $0
2018 $1,794 $11,600 $11,600 $0
2017 -- $11,600 $11,600 $0
2016 -- $11,600 $11,600 $0
2015 -- $11,600 $11,600 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000262174

Bright MLS

APN: 18-015.00-131