Tricia Erickson
Patterson-Schwartz-Rehoboth
(302) 310-4495
70 Total Sales
1 in Newark
$510,000 Price
18 Ritter Ln Newark, DE 19711
Newark AreaEstimated Value: $472,000 - $499,000
5
Beds
2
Baths
1,925
Sq Ft
$253/Sq Ft
Est. Value
Highlights
- Cape Cod Architecture
- 5-minute walk to Newark
- 1 Car Direct Access Garage
- West Park Place Elementary School Rated A-
- No HOA
- Forced Air Heating and Cooling System
About This Home
As of February 2024Welcome to this deceptively spacious 5 bedroom, 2 full bath home nestled within walking distance to the vibrant Main Street of Newark, brimming with shops and restaurants. This prime location also places you in close proximity to the heart of the University of Delaware campus, making it an ideal residence for those seeking the convenience of campus accessibility. Currently tenant-occupied , this property offers a unique opportunity with a tenant who expresses interest in continuing the lease if possible. The upper level of the home features 3 generously sized bedrooms and 1 full bathroom. Meanwhile, the main level boasts 2 additional bedrooms, another full bathroom, a spacious living room, a dining room, and a functional kitchen, creating an ideal layout for both everyday living and entertaining. Beyond the living spaces, this home includes practical features such as an unfinished basement and a 1-car garage, offering ample storage and parking solutions. While the property could benefit from some tender loving care, this is factored into the pricing, presenting an excellent opportunity for those with a vision to add their personal touch and enhance the home's overall appeal. Whether you're an investor looking for a property with a reliable tenant or a homeowner seeking a spacious residence in a central location, this home presents a versatile canvas ready for your customization. Don't miss the chance to explore the potential of this gem and make it your own. The property is under rented for $1,325.00 per month with a lease that expires the end of September 2024. Schedule a showing today to envision the possibilities that await in this much larger than it looks home in the heart of Newark!
Last Agent to Sell the Property
(302) 234-1888 cgnolte@comcast.net Coldwell Banker Realty License #RA-0020574I Listed on: 11/28/2023
Co-Listed By
(302) 234-1888 brentsells@comcast.net Coldwell Banker Realty License #650154
Last Buyer's Agent
(302) 999-9999 gail.renulfi@foxroach.com BHHS Fox & Roach - Hockessin License #R3-0011184
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Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,063
Year Built
- Built in 1961
Lot Details
- 12,197 Sq Ft Lot
- Lot Dimensions are 80.00 x 175.00
- Property is zoned 18RS
Parking
- 1 Car Direct Access Garage
- Driveway
Home Design
- Cape Cod Architecture
- Brick Exterior Construction
- Permanent Foundation
- Aluminum Siding
- Vinyl Siding
Interior Spaces
- 1,925 Sq Ft Home
- Property has 1.5 Levels
- Unfinished Basement
Bedrooms and Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 238
- Assessor Parcel Number 18-031.00-238
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 28, 2023
Closed on
Feb 6, 2024
Sold by
Stafford Wesley P
Bought by
Seller's Agent
Christopher Nolte
Coldwell Banker Realty
Buyer's Agent
Michele Endrich
BHHS Fox & Roach - Hockessin
List Price
$379,900
Sold Price
$451,000
Premium/Discount to List
$71,100
18.72%
Views
190
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
$35,991
Avg. Annual Appreciation
2.99%
Original Mortgage
$250,000
Outstanding Balance
$243,323
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$243,668
Purchase Details
Closed on
Dec 8, 2015
Sold by
Stafford Wesley P and The Roberta S Stafford Trust
Bought by
Stafford Wesley P
Purchase Details
Closed on
Feb 17, 1992
Bought by
Stafford Roberta S (Trustee) & Stafford
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Newark, DE
-
Tricia Erickson
-
Gretchen Apps
Gretchen Apps
RE/MAX Excellence - Kennett Square
(302) 279-5514
62 Total Sales
1 in Newark
$372,500 Price
-
Sarah Glasgow
Sarah Glasgow
CG Realty, LLC
(484) 254-5256
42 Total Sales
1 in Newark
$395,000 Price
-
Anoma Newman
Anoma Newman
Bryan Realty Group
(302) 240-9262
35 Total Sales
1 in Newark
$389,900 Price
-
Robert Miller
Robert Miller
Luke Real Estate
(484) 779-6020
88 Total Sales
4 in Newark
$200K - $375K Price Range
-
Theresa Thomas
Theresa Thomas
Compass
(302) 246-7912
46 Total Sales
2 in Newark
$600K - $650K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $451,000 | None Listed On Document | ||
| Stafford Wesley P | -- | None Available | |
| Stafford Roberta S (Trustee) & Stafford | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $250,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/06/2024 02/06/24 | Sold | $451,000 | +18.7% | $234 / Sq Ft |
| 12/06/2023 12/06/23 | Pending | -- | -- | -- |
| 11/28/2023 11/28/23 | For Sale | $379,900 | -- | $197 / Sq Ft |
Source: Bright MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $2,779 | $397,200 | $78,500 | $318,700 |
| 2024 | $743 | $70,400 | $13,500 | $56,900 |
| 2023 | $2,546 | $70,400 | $13,500 | $56,900 |
| 2022 | $2,519 | $70,400 | $13,500 | $56,900 |
| 2021 | $2,454 | $70,400 | $13,500 | $56,900 |
| 2020 | $2,383 | $70,400 | $13,500 | $56,900 |
| 2019 | $2,089 | $70,400 | $13,500 | $56,900 |
| 2018 | $2,041 | $70,400 | $13,500 | $56,900 |
| 2017 | $1,980 | $70,400 | $13,500 | $56,900 |
| 2016 | $1,975 | $70,400 | $13,500 | $56,900 |
| 2015 | $1,770 | $70,400 | $13,500 | $56,900 |
| 2014 | $1,770 | $70,400 | $13,500 | $56,900 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Nolte
Seller's Agent in 2024
Christopher Nolte
Coldwell Banker Realty
(302) 893-5893
158 Total Sales
-
Brent Applebaum
Seller Co-Listing Agent in 2024
Brent Applebaum
Coldwell Banker Realty
(302) 750-7677
143 Total Sales
-
Michele Endrich
Buyer's Agent in 2024
Michele Endrich
BHHS Fox & Roach
(302) 690-4279
145 Total Sales
Map
Source: Bright MLS
MLS Number: DENC2053198
APN: 18-031.00-238
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