NOT LISTED FOR SALE

1023 Shannon Falls Dr Newark, DE 19702

Estimated Value: $438,000 - $525,000

3 Beds
2 Baths
1,878 Sq Ft
$262/Sq Ft Est. Value

Last Sold November 22, 2023

Last sale price $473,970 $252 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,070/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 $25,000 on closing costs for those who qualify with a closing before 11/30/23! FAST SELLING Active Adult Community in New Castle County!! Discover the tranquility of the Sonoma "farmhouse" homesite, nestled amidst the serene beauty of nature, where breathtaking wooded views await you at every turn. This stunning residence is an ode to contemporary living at its finest and is situated in the coveted Cascades community. Stepping inside this exquisite floorplan from the large front porch, is an embodiment of single-level living designed to perfection. Boasting three spacious bedrooms and two full baths, it promises a life of comfort and style. The expansive open layout of the main living area is a testament to the art of harmonious living, offering a space that is both easy to maintain and generous in size. The heart of this home is its remarkable great room. Here, you'll find a generously kitchen with an island and quartz countertops, harmoniously paired with soft-close cabinets and stainless steel appliances. Moving from the kitchen, you'll find a spacious dining area that seamlessly flows into the open great room. A cozy gas fireplace adds warmth and charm to this inviting space, creating the perfect ambiance for gatherings with loved ones. Step through the great room, and you'll find yourself on a welcoming patio, a place where you can relish the beauty of the changing leaves in the fall and bask in the warmth of the outdoors during the spring and summer months. The primary bedroom suite is a luxurious retreat that offers two generously sized walk-in closets, ensuring you'll never run out of storage space for your cherished belongings. This private oasis is your haven of relaxation, where you can unwind and rejuvenate in style. The two secondary bedrooms are thoughtfully positioned in a private area of the home, providing the perfect space for accommodating guests, setting up a home office, or creating a dedicated hobby area. Your options are as limitless as your imagination. The final feature in this home is the attic storage above the garage - accessed by a full set of stairs. The Cascades clubhouse will feature a fitness center and bathroom. The pool is under construction! **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: 10/26/2023

Last Buyer's Agent

Jessica Stiner

(302) 312-8463 jessica.idealsolutions@gmail.com Ideal Property Solutions

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,739

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

  • 1,878 Sq Ft Home
  • Property has 1 Level
  • 1 Fireplace

Bedrooms and Bathrooms

  • 3 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 11-020.40-063

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

$4,739

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: 4098
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Slab
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1878
  • Living Area Sq Ft: 1878
  • Price Per Sq Ft: 252.38
  • Above Grade Finished Sq Ft: 1878
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • 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: 4739.00
  • Assessor Parcel Number: 11-020.40-063
  • Tax Year: 2023

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2023
Closed on
Nov 22, 2023
Sold by
Lennar and Us Home Llc
Bought by
Tran Thu T
Seller's Agent
David Vasso
Atlantic Five Realty
Buyer's Agent
Jessica Stiner
Ideal Property Solutions
List Price
$473,970
Sold Price
$473,970
Views
96
Current Estimated Value
$492,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,795
Avg. Annual Appreciation
1.92%
Original Mortgage
$379,176
Outstanding Balance
$134,280
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
$358,485

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
Tran Thu T $393,970 Spn Title
Tran Thu T $393,970 Spn Title
Us Home Corporation -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tran Thu T $379,176
Closed Tran Thu T $379,176
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2023 11/22/23 Sold $473,970 0.0% $252 / Sq Ft
11/01/2023 11/01/23 Pending -- -- --
10/26/2023 10/26/23 For Sale $473,970 -- $252 / 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 $3,455 $77,800 $12,600 $65,200
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: DENC2051576

Bright MLS

APN: 11-020.40-063