NOT LISTED FOR SALE

1601 Waters Edge Dr Unit 1601 Newark, DE 19702

Estimated Value: $212,844

2 Beds
2 Baths
-- Sq Ft
$258/mo HOA Fee

Last Sold April 21, 2020

Last sale price $113,500

Est. 88% increase in value since last sale

Current estimated payment $1,515/month

Highlights

  • Traditional Architecture
  • Living Room
  • Dining Room
  • Community Pool
  • 90% Forced Air Heating and Cooling System

About This Home

As of April 2020

Great location just off I95 and just a few miles from the University of Delaware. With 10% down your payment will be under 1000 dollars! Look at apartments in the area, you can own instead and it will be cheaper. Nice unit with view of the water from your balcony! Water views from each bedroom. Open living room and dining room layout. Nice sized bedrooms with each having a private bath. Laundry in the unit. Reasonably priced for a 2 bedroom unit, a chance to make it your own. Water facing unit, enjoy summer nights relaxing on the balcony. Easy living with little to no maintenance. Water heater, and dishwasher recently replaced.

Last Agent to Sell the Property

Sherry Lynch

(302) 562-0058 sherryismyrealtor@gmail.com RE/MAX Associates - Newark License #RS-0012400 Listed on: 03/06/2020

RE/MAX Associates - Newark

Last Buyer's Agent

Carl Frampton

(302) 236-8526 carl@framptonrealty.com Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,267

Year Built

  • Built in 1993

HOA Fees

  • $258 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Slab Foundation

Interior Spaces

  • Living Room
  • Dining Room

Kitchen

  • Built-In Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • 90% Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane

Listing and Financial Details

  • Tax Lot 048.C.0092
  • Assessor Parcel Number 11-017.00-048.C.0092

Community Details

Overview

  • Association fees include heat, lawn maintenance, pool(s), recreation facility, trash
  • Low-Rise Condominium
  • Waters Edge Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,267

Year Built

Built in 1993

Lot Details

0

HOA Fees

$258 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Traditional
  • Ownership: Condominium
  • Exclusions: personal property
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1993
  • Remarks Public: Great location just off I95 and just a few miles from the University of Delaware. With 10% down your payment will be under 1000 dollars! Look at apartments in the area, you can own instead and it will be cheaper. Nice unit with view of the water from your balcony! Water views from each bedroom. Open living room and dining room layout. Nice sized bedrooms with each having a private bath. Laundry in the unit. Reasonably priced for a 2 bedroom unit, a chance to make it your own. Water facing unit, enjoy summer nights relaxing on the balcony. Easy living with little to no maintenance. Water heater, and dishwasher recently replaced.
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Built-In Range, Washer, Dryer
  • Entry Floor: 1
  • Foundation Details: Slab
  • Levels Count: Other
  • Room List: Living Room, Dining Room, Kitchen, Bathroom 1, Bathroom 2
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1601

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: Concrete, Combination
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Leased
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 258.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Heat, Lawn Maintenance, Pool(s), Recreation Facility, Trash
  • HOA: No
  • Senior Community: No

Schools

  • School District: CHRISTINA
  • School District Key: 300200396890
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 29600.00
  • Land Assessed Value: 6800.00
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2019
  • Zoning: NCAP
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2338557
  • School Tax: 967.00
  • Tax Annual Amount: 1267.00
  • Assessor Parcel Number: 11-017.00-048.C.0092
  • Tax Lot: 048.C.0092
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 04/21/2020

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2020
Closed on
Apr 6, 2020
Sold by
Davis James and Davis Sandra Chen
Bought by
Knorr Alexandra
Seller's Agent
Sherry Lynch
RE/MAX Associates - Newark
Buyer's Agent
Carl Frampton
Compass
List Price
$127,900
Sold Price
$113,500
Premium/Discount to List
-$14,400
-11.26%
Current Estimated Value
$212,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,344
Original Mortgage
$85,125
Outstanding Balance
$75,267
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2009
Sold by
Bastianelli Eric L
Bought by
Davis James and Chen Davis Sandra

Purchase Details

Closed on
May 17, 2005
Sold by
Wehmiller John F and Wehmiller Paula L
Bought by
Bastianelli Eric L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,625
Interest Rate
5.5%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Knorr Alexandra $113,500 None Available
Davis James $139,000 None Available
Bastianelli Eric L $127,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knorr Alexandra $85,125
Previous Owner Bastianelli Eric L $95,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2020 04/21/20 Sold $113,500 -11.3% --
03/19/2020 03/19/20 Pending -- -- --
03/06/2020 03/06/20 For Sale $127,900 -- --
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 $1,550 $36,400 $6,800 $29,600
2023 $1,508 $36,400 $6,800 $29,600
2022 $1,504 $36,400 $6,800 $29,600
2021 $1,472 $36,400 $6,800 $29,600
2020 $1,434 $36,400 $6,800 $29,600
2019 $154 $36,400 $6,800 $29,600
2018 $161 $36,400 $6,800 $29,600
2017 $1,187 $36,400 $6,800 $29,600
2016 $1,187 $36,400 $6,800 $29,600
2015 $1,082 $36,400 $6,800 $29,600
2014 $1,081 $36,400 $6,800 $29,600
Source: Public Records

Agents Affiliated with this Home

  • Sherry Lynch

    Seller's Agent in 2020

    Sherry Lynch

    RE/MAX

    (302) 562-0058

    6 in this area

    67 Total Sales

    Sherry Lynch
    Section Image
  • Carl Frampton

    Buyer's Agent in 2020

    Carl Frampton

    Compass

    (302) 236-8526

    115 Total Sales

    Carl Frampton
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DENC496490

Bright MLS

APN: 11-017.00-048.C-0092

Delaware New Castle County Newark 19702

1601 Waters Edge Dr Unit 1601, Newark, DE

This home is located at 1601 Waters Edge Dr Unit 1601, Newark, DE 19702 since 06 March 2020 and is currently priced at $212,844. This property was built in 1993. 1601 Waters Edge Dr Unit 1601 is a home located in New Castle County with nearby schools including Henry M. Brader Elementary School, Gauger-Cobbs Middle School, and Glasgow High School.

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