1201 Independence Way Unit 1201 Newark, DE 19713
Southern Newark Neighborhood
2
Beds
2
Baths
1,100
Sq Ft
$400/mo
HOA Fee
Highlights
- Second Garage
- View of Trees or Woods
- Traditional Architecture
- Senior Living
- Clubhouse
- Backs to Trees or Woods
About This Home
As of May 2025Discover this little known 55+ community of Southridge located in a nice setting surrounded by wooded areas and ponds. All units are owner occupied with no rentals allowed. Enter into the spacious living room with an adjoining dining area. The kitchen features granite countertops, double sinks, lots of cabinetry, pantry, and all stainless steel appliances. Next to the kitchen is the utility room with included washer and dryer and some storage space. There are sliders from both the dining room and kitchen to the balcony. This corner unit features a main bedroom with a walkout bay window, linen closet, huge walk in closet, private ensuite bathroom with double seated walk in shower. 2nd Bedroom and 2nd full bath in hall with tub /shower combination. Enjoy the clubhouse with kitchenette, comfortable seating areas, library, and workout area. All appliances are included. Condo fee covers common area maintenance, building maintenance, snow removal, water, trash, Clubhouse, building insurance
Last Agent to Sell the Property
RE/MAX Associates - Newark License #R3-0009265 Listed on: 02/15/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,753
Year Built
- Built in 1997
Lot Details
- 1 Common Wall
- West Facing Home
- Landscaped
- Backs to Trees or Woods
- Property is in very good condition
HOA Fees
- $400 Monthly HOA Fees
Parking
- 2 Car Direct Access Garage
- Second Garage
- Handicap Parking
- Oversized Parking
- Rear-Facing Garage
- Parking Lot
Home Design
- Traditional Architecture
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 1,100 Sq Ft Home
- Property has 3 Levels
- Living Room
- Dining Room
- Carpet
- Views of Woods
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- En-Suite Primary Bedroom
- 2 Full Bathrooms
Laundry
- Laundry Room
- Washer and Dryer Hookup
Home Security
Schools
- West Park Place Elementary School
- Gauger-Cobbs Middle School
- Newark High School
Utilities
- Forced Air Heating and Cooling System
- 120/240V
- Natural Gas Water Heater
- Municipal Trash
Additional Features
- Halls are 36 inches wide or more
- Balcony
Listing and Financial Details
- Assessor Parcel Number 18-045.00-039.C.0004
Community Details
Overview
- Senior Living
- $800 Capital Contribution Fee
- Association fees include common area maintenance, insurance, lawn maintenance, road maintenance, snow removal, trash, water
- 1 Elevator
- Senior Community | Residents must be 55 or older
- Low-Rise Condominium
- First Residential Service Condos
- Bain Community
- Southridge Subdivision
- Property Manager
Amenities
- Clubhouse
Pet Policy
- Pets allowed on a case-by-case basis
Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 15, 2025
Closed on
May 20, 2025
Sold by
Mckenna Gerald and Mckenna Michael P
Bought by
Leonard Julie A
Seller's Agent
Kathy Quinn
RE/MAX Associates - Newark
Buyer's Agent
Iris Sordelet
Real Broker, LLC
List Price
$274,900
Sold Price
$255,000
Premium/Discount to List
-$19,900
-7.24%
Total Days on Market
67
Views
230
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
175.29%
Original Mortgage
$120,000
Outstanding Balance
$120,000
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$153,732
Purchase Details
Closed on
Jun 4, 2009
Sold by
Brown Hall Howard Dennis and Brown Martin Jeanne
Bought by
Mckenna Gerald
Similar Homes in Newark, DE
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $255,000 | None Listed On Document | |
| Deed | $140,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $120,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/20/2025 05/20/25 | Sold | $255,000 | -1.9% | $232 / Sq Ft |
| 04/23/2025 04/23/25 | Pending | -- | -- | -- |
| 03/20/2025 03/20/25 | Price Changed | $260,000 | -5.4% | $236 / Sq Ft |
| 02/15/2025 02/15/25 | For Sale | $274,900 | -- | $250 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $1,604 | $60,500 | $9,100 | $51,400 |
| 2022 | $1,577 | $60,500 | $9,100 | $51,400 |
| 2021 | $1,622 | $60,500 | $9,100 | $51,400 |
| 2020 | $1,560 | $60,500 | $9,100 | $51,400 |
| 2019 | $1,296 | $60,500 | $9,100 | $51,400 |
| 2018 | $1,262 | $60,500 | $9,100 | $51,400 |
| 2017 | $1,216 | $60,500 | $9,100 | $51,400 |
| 2016 | $1,112 | $60,500 | $9,100 | $51,400 |
| 2015 | $935 | $60,500 | $9,100 | $51,400 |
| 2014 | $934 | $60,500 | $9,100 | $51,400 |
Source: Public Records
Agents Affiliated with this Home
-
Kathy Quinn
Seller's Agent in 2025
Kathy Quinn
RE/MAX
(302) 377-6105
6 in this area
42 Total Sales
-
Iris Sordelet
Buyer's Agent in 2025
Iris Sordelet
Real Broker, LLC
(302) 593-1523
4 in this area
116 Total Sales
Map
Source: Bright MLS
MLS Number: DENC2075634
APN: 18-045.00-039.C-0004
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