NOT LISTED FOR SALE

1021 Shannon Falls Dr Newark, DE 19702

Estimated Value: $509,000 - $611,000

2 Beds
2 Baths
2,593 Sq Ft
$211/Sq Ft Est. Value

Last Sold January 29, 2024

Last sale price $479,990 $185 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,393/month

45 Days on Market

Highlights

  • New Construction
  • Traditional Architecture
  • 2 Car Direct Access Garage
  • Active Adult
  • Community Pool
  • Level Entry For Accessibility

About This Home

As of January 2024

Mendocino Luxe available for a quick move-in! This home is the epitome of "right-sizing," featuring all of the space you need on one level, with the added bonus of an upstairs loft and guest suite for those who desire the added space. The main living space starts with a welcoming foyer, with a flex room to the right. This is a perfect home office for those still working, or can easily be transformed to a hobby room, den or formal living room. Continuing down the foyer is an impressive formal dining room, perfect for those who have those treasured furniture pieces filled with memories you cannot part with! Past the dining room is the steps to the upstairs loft area - which is a perfect space for additional recreation and a private guest area, featuring a bedroom and full bath. Back downstairs, you enter the impressive kitchen with large island, featuring quartz counters, 42" soft close cabinets and stainless steel appliances. There is a casual dining area, perfect for weeknights at home, which opens to the spacious great room. From there, you can step outside and enjoy the impressive wooded views. Autumn is the perfect time to appreciate this homesite with the beautiful colors of the changing leaves! Back inside, the primary bedroom is nearby with windows in the back allowing you to enjoy those views at the beginning and end of each day. This home is completed by first floor laundry and another bedroom and full hall bath. Cascades has been called home to so many happy homeowners, and is over 60% sold out! Come see what all the buzz is about!

Last Agent to Sell the Property

David Vasso

(856) 424-3339 david@atlanticfive.com Atlantic Five Realty Listed on: 11/15/2023

Last Buyer's Agent

KERRY WENDEL

(302) 388-9519 kerry.wendel@monumentsothebysrealty.com Monument Sotheby's International Realty License #RS344088

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $260

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 7,405 Sq Ft Lot
  • Property is in excellent condition

HOA Fees

  • $193 Monthly HOA Fees

Parking

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

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2,593 Sq Ft Home
  • Property has 2 Levels

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

  • Tax Lot 062
  • Assessor Parcel Number 11-020.40-062

Community Details

Overview

  • Active Adult
  • Active Adult | Residents must be 55 or older
  • The Cascades Subdivision, Mendocino Luxe Floorplan

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$260

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$193 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
  • Year Built: 2023
  • Automatically Close On Close Date: No
  • Special Features: 4098
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Fireplace: No
  • Foundation Details: Slab
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 2593
  • Living Area Sq Ft: 2593
  • Price Per Sq Ft: 185.11
  • Above Grade Finished Sq Ft: 2593
  • 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: Vinyl Siding
  • Construction Completed: Yes
  • 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: 193.00
  • 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: 0.17
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7405.00
  • Property Condition: Excellent
  • Zoning: RESIDENTIAL
  • In City Limits: No

Rental Info

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

Tax Info

  • School Tax: 208.00
  • Tax Annual Amount: 260.00
  • Assessor Parcel Number: 11-020.40-062
  • Tax Lot: 062
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2023
Closed on
Jan 24, 2024
Sold by
Lennar and Us Home Llc
Bought by
Nagy Michael Anthony and Osborn Leon
Seller's Agent
David Vasso
Atlantic Five Realty
Buyer's Agent
KERRY WENDEL
Monument Sotheby's International Realty
List Price
$489,990
Sold Price
$479,990
Premium/Discount to List
-$10,000
-2.04%
Views
145
Current Estimated Value
$547,529

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,539
Avg. Annual Appreciation
7.38%
Original Mortgage
$455,990
Outstanding Balance
$447,484
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$100,045

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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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
Nagy Michael Anthony $479,990 Spn Title Services
Us Home Corporation -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nagy Michael Anthony $455,990
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2024 01/29/24 Sold $479,990 0.0% $185 / Sq Ft
12/30/2023 12/30/23 Pending -- -- --
12/15/2023 12/15/23 Price Changed $479,990 -2.0% $185 / Sq Ft
11/20/2023 11/20/23 For Sale $489,990 0.0% $189 / Sq Ft
11/16/2023 11/16/23 Pending -- -- --
11/15/2023 11/15/23 For Sale $489,990 -- $189 / 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 $3,935 $88,600 $12,600 $76,000
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: DENC2052718

Bright MLS

APN: 11-020.40-062