Seller's Agent in 2023
Daniel Mawn
RE/MAX
(302) 492-8130
5 in this area
50 Total Sales
17 Patrick Henry Ct Newark, DE 19711
Estimated Value: $158,000 - $256,000
3
Beds
1.5
Baths
1,275
Sq Ft
$176/Sq Ft
Est. Value
About This Home
As of October 2023Attention Investors! Welcome to Cherry Hill Manor in Newark, DE. Here's an incredible opportunity for you! Situated just outside the University of Delaware in Newark, this property boasts 3 bedrooms, a dining room, a living room, an enclosed porch, and a convenient first-floor laundry room. The home had a brand-new roof installed in early 2023. However, it's important to note that this home is in need of significant rehabilitation and is being sold "As Is." While home inspections are welcome for informational purposes, please be aware that the seller will not undertake any repairs. Due to a water leak in July 2023, the water is currently turned off. Please keep in mind that the water will not be turned on for inspection purposes, and a complete rehab of the property is required to bring it back to its full potential. Don't miss this promising investment opportunity!
Last Agent to Sell the Property
(302) 492-8130 dan@mawnhomes.com RE/MAX Associates - Newark License #RS-0024255 Listed on: 09/21/2023
Last Buyer's Agent
(302) 492-8130 dan@mawnhomes.com RE/MAX Associates - Newark License #RS-0024255 Listed on: 09/21/2023
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,762
Year Built
- Built in 1971
Lot Details
- 1,742 Sq Ft Lot
- Lot Dimensions are 18.00 x 108.70
- Property is in below average condition
HOA Fees
- $8 Monthly HOA Fees
Home Design
- Fixer Upper
- Brick Exterior Construction
- Slab Foundation
- Frame Construction
Interior Spaces
- 1,275 Sq Ft Home
- Property has 2 Levels
Bedrooms and Bathrooms
- 3 Bedrooms
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
- Parking Lot
- 2 Assigned Parking Spaces
Schools
- Downes Elementary School
- Shue-Medill Middle School
- Newark High School
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
- Municipal Trash
Community Details
- Cherry Hill Manor Subdivision
Listing and Financial Details
- Tax Lot 283
- Assessor Parcel Number 18-024.00-283
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 21, 2023
Closed on
Oct 24, 2023
Sold by
Mercury Iii Llc
Bought by
Li Kehan
Seller's Agent
Daniel Mawn
RE/MAX Associates - Newark
Buyer's Agent
Daniel Mawn
RE/MAX Associates - Newark
List Price
$175,000
Sold Price
$140,000
Premium/Discount to List
-$35,000
-20%
Views
74
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,125
Avg. Annual Appreciation
24.98%
Purchase Details
Closed on
Jul 21, 1997
Bought by
Mercury Iii L L C
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Li Kehan | -- | None Listed On Document | |
| Mercury Iii L L C | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/31/2023 10/31/23 | Sold | $140,000 | -20.0% | $110 / Sq Ft |
| 09/26/2023 09/26/23 | Pending | -- | -- | -- |
| 09/21/2023 09/21/23 | For Sale | $175,000 | -- | $137 / 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 |
|---|---|---|---|---|
| 2024 | $427 | $40,500 | $4,300 | $36,200 |
| 2023 | $1,465 | $40,500 | $4,300 | $36,200 |
| 2022 | $1,449 | $40,500 | $4,300 | $36,200 |
| 2021 | $1,412 | $40,500 | $4,300 | $36,200 |
| 2020 | $1,371 | $40,500 | $4,300 | $36,200 |
| 2019 | $1,410 | $40,500 | $4,300 | $36,200 |
| 2018 | $1,174 | $40,500 | $4,300 | $36,200 |
| 2017 | $1,139 | $40,500 | $4,300 | $36,200 |
| 2016 | $1,136 | $40,500 | $4,300 | $36,200 |
| 2015 | -- | $40,500 | $4,300 | $36,200 |
| 2014 | -- | $40,500 | $4,300 | $36,200 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Mawn
Map
Source: Bright MLS
MLS Number: DENC2049700
APN: 18-024.00-283
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