NOT LISTED FOR SALE

122 Cherry Ln New Castle, DE 19720

Estimated Value: $189,000 - $237,000

2 Beds
1 Bath
725 Sq Ft
$306/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $137,000 $189 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $1,261/month

22 Days on Market

Highlights

  • Cape Cod Architecture
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of October 2020

Move in ready! Sellers have freshly painted most of the interior rooms and added a wood accent wall in the kitchen and new microwave!!! Exterior trim has been painted as well. This home is full of potential! Great starter home or investment property. One floor living with nicely sized rooms. Well sized fully fenced yard. This 2 BR, 1BA Cape Cod comes with full unfinished basement. Add a 3rd BR by finishing the attic area. This home is being sold in it's current condition and is priced to sell! Close to I-95, shopping, downtown Wilmington and more.

Last Agent to Sell the Property

Suzann Ruggerio Arms

(302) 383-3056 SRA@LNF.com Long & Foster Real Estate, Inc. License #RA0020664 Listed on: 08/26/2020

Long & Foster Real Estate, Inc.

Co-Listed By

Toni Latch

(302) 388-2517 TLatch@psre.com Crown Homes Real Estate License #5009716

Last Buyer's Agent

Peggy Cushing

(302) 540-6496 PEGGYCUSHING@GMAIL.COM Meyer & Meyer Realty License #RA-0003166

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,047

Year Built

  • Built in 1948

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50.00 x 105.70
  • Property is zoned NC5

Parking

  • Driveway

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction

Interior Spaces

  • 725 Sq Ft Home
  • Property has 1 Level
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Collins Park Subdivision

Listing and Financial Details

  • Tax Lot 034
  • Assessor Parcel Number 10-015.20-034

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,047

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-09-10
  • Year Built: 1948
  • Automatically Close On Close Date: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Levels Count: 1
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 725
  • Living Area Sq Ft: 725
  • Price Per Sq Ft: 186.21
  • Above Grade Finished Sq Ft: 725
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 27700.00
  • Land Assessed Value: 5100.00
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 105.70
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Zoning: NC5
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2311321
  • School Tax: 775.00
  • Tax Annual Amount: 1047.00
  • Assessor Parcel Number: 10-015.20-034
  • Tax Lot: 034
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: COLONIAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2024
Sold by
Piper James
Bought by
Bernal Manuel
Current Estimated Value
$221,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,290
Outstanding Balance
$167,893
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$53,972

Purchase Details

Listed on
Aug 26, 2020
Closed on
Oct 30, 2020
Sold by
Newton Matthew J
Bought by
Piper James
Seller's Agent
Suzann Ruggerio Arms
Long & Foster Real Estate, Inc.
Buyer's Agent
Peggy Cushing
Meyer & Meyer Realty
List Price
$135,000
Sold Price
$137,000
Premium/Discount to List
$2,000
1.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.91%
Original Mortgage
$6,725
Interest Rate
2.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2006
Sold by
Howard James J
Bought by
Newton Matthew J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 30, 2001
Sold by
Qualls Tilmon and Qualls Lisa A
Bought by
Howard James J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,700
Interest Rate
7.09%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Bernal Manuel $178,200 None Listed On Document
Piper James -- None Available
Newton Matthew J $147,000 None Available
Howard James J $63,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bernal Manuel $169,290
Previous Owner Piper James $6,725
Previous Owner Piper James $134,518
Previous Owner Newton Matthew J $147,000
Previous Owner Howard James J $56,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2020 10/30/20 Sold $137,000 +1.5% $189 / Sq Ft
09/17/2020 09/17/20 Pending -- -- --
08/26/2020 08/26/20 For Sale $135,000 0.0% $186 / Sq Ft
11/03/2017 11/03/17 Rented $1,100 0.0% --
11/03/2017 11/03/17 Under Contract -- -- --
08/31/2017 08/31/17 For Rent $1,100 -- --
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 $1,126 $32,800 $5,100 $27,700
2023 $1,024 $32,800 $5,100 $27,700
2022 $1,066 $32,800 $5,100 $27,700
2021 $1,066 $32,800 $5,100 $27,700
2020 $2,172 $32,800 $5,100 $27,700
2019 $1,177 $32,800 $5,100 $27,700
2018 $80 $32,800 $5,100 $27,700
2017 $880 $32,800 $5,100 $27,700
2016 $880 $32,800 $5,100 $27,700
2015 $880 $32,800 $5,100 $27,700
2014 $880 $32,800 $5,100 $27,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC507896

Bright MLS

APN: 10-015.20-034