NOT LISTED FOR SALE

216 W Park Place Newark, DE 19711

Estimated Value: $264,000 - $443,000

3 Beds
2 Baths
1,225 Sq Ft
$279/Sq Ft Est. Value

Last Sold December 21, 2016

Last sale price $195,000 $159 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $1,981/month

26 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Porch
  • Deck
  • No HOA
  • Living Room

About This Home

As of December 2016

RENTAL PERMIT for 3 unrelated persons. 3 STUDENTS OK! Great time to get in on the rapid growth of the City of Newark and S. Main St. Current rental amount of $1650 per month. Steady demand and student referrals have provided a steady supply of tenants during current ownership since purchased in 2008. Sellers desire to sell this home in "as is" condition and HAVE PRICED IT ACCORDINGLY. A rare opportunity to purchase a 3 student rental for under $200,000. Updates include new gutters, fascia, soffit and downspouts in 2015, new washer and dryer in 2014, replaced sewer line 2011, new gas hot water heater in 2012 and new deck in 2010. Great location! Close to S. Main St activities, main campus and right on the bus route. Tenants pay utilities. Current lease ends the end of May 2017. 24 hour notice required to show the property.

Last Agent to Sell the Property

Gary Simpkins

RE/MAX Associates - Newark License #RS313506 Listed on: 10/15/2016

RE/MAX Associates - Newark

Last Buyer's Agent

Michael Dutt

Patterson-Schwartz-Newark

Patterson-Schwartz-Newark

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,433

Year Built

  • Built in 1950

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x145
  • Property is in below average condition
  • Property is zoned 18RD

Parking

  • 3 Open Parking Spaces

Home Design

  • Colonial Architecture
  • Brick Foundation
  • Shingle Roof
  • Aluminum Siding
  • Stucco

Interior Spaces

  • 1,225 Sq Ft Home
  • Property has 2 Levels
  • Living Room
  • Dining Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Outdoor Features

  • Deck
  • Shed
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Newark Subdivision

Listing and Financial Details

  • Tax Lot 188
  • Assessor Parcel Number 18-025.00-188

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,433

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: Washer, Dryer, Refrigerator (All As Is)
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1950
  • Remarks Public: RENTAL PERMIT for 3 unrelated persons. 3 STUDENTS OK! Great time to get in on the rapid growth of the City of Newark and S. Main St. Current rental amount of $1650 per month. Steady demand and student referrals have provided a steady supply of tenants during current ownership since purchased in 2008. Sellers desire to sell this home in "as is" condition and HAVE PRICED IT ACCORDINGLY. A rare opportunity to purchase a 3 student rental for under $200,000. Updates include new gutters, fascia, soffit and downspouts in 2015, new washer and dryer in 2014, replaced sewer line 2011, new gas hot water heater in 2012 and new deck in 2010. Great location! Close to S. Main St activities, main campus and right on the bus route. Tenants pay utilities. Current lease ends the end of May 2017. 24 hour notice required to show the property.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Wood
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Brick/Mortar
  • Levels Count: 2
  • Room Count: 8
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Bedroom 1
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Basement
  • Living Area Units: Square Feet
  • Total Sq Ft: 1225
  • Living Area Sq Ft: 1225
  • Net Sq Ft: 1225.00
  • Price Per Sq Ft: 162.04
  • Above Grade Finished Sq Ft: 1225
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 216

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Shed
  • Other Structures List: Shed
  • Construction Materials: Aluminum Siding, Stucco
  • Access To Pool: No
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 3

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Service: Circuit Breakers
  • Heating Fuel: Oil
  • Heating Type: Oil, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: CHRISTINA
  • School District Key: 300200396890

Lot Info

  • Improvement Assessed Value: 35900.00
  • Land Assessed Value: 8600.00
  • Lot Size Acres: 0.17
  • Lot Dimensions: 50X145
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7405.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Property Attached Yn: No
  • Property Condition: Below Average
  • Zoning: 18RD

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2371957
  • Tax Annual Amount: 1433.00
  • Assessor Parcel Number: 18-025.00-188
  • Tax Lot: 188
  • Tax Year: 2016
  • Close Date: 12/21/2016

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2016
Closed on
Dec 9, 2016
Sold by
Shupe Mark W and Jaffie Judy Anne
Bought by
Chen Bintong and Zhang Yubei
Seller's Agent
Gary Simpkins
RE/MAX Associates - Newark
Buyer's Agent
Michael Dutt
Patterson-Schwartz-Newark
List Price
$210,000
Sold Price
$195,000
Premium/Discount to List
-$15,000
-7.14%
Current Estimated Value
$341,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,165
Avg. Annual Appreciation
6.12%
Original Mortgage
$146,250
Outstanding Balance
$73,441
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$253,922

Purchase Details

Closed on
Mar 10, 2008
Sold by
Sds Associates
Bought by
Shupe Mark W and Jaffie Judy Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,800
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 9, 2001
Sold by
Hearn James R
Bought by
Sds Associates
Source: Public Records

Range of Values:

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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
Chen Bintong -- None Available
Shupe Mark W $238,500 None Available
Sds Associates $134,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Bintong $146,250
Previous Owner Shupe Mark W $185,100
Previous Owner Shupe Mark W $190,800
Previous Owner Sds Associates $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2016 12/21/16 Sold $195,000 -1.8% $159 / Sq Ft
11/10/2016 11/10/16 Pending -- -- --
11/01/2016 11/01/16 Price Changed $198,500 -5.5% $162 / Sq Ft
10/15/2016 10/15/16 For Sale $210,000 -- $171 / Sq Ft
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 $1,649 $44,500 $8,600 $35,900
2023 $1,609 $44,500 $8,600 $35,900
2022 $1,592 $44,500 $8,600 $35,900
2021 $1,551 $44,500 $8,600 $35,900
2020 $1,507 $44,500 $8,600 $35,900
2019 $1,321 $44,500 $8,600 $35,900
2018 $1,290 $44,500 $8,600 $35,900
2017 $1,252 $44,500 $8,600 $35,900
2016 $1,248 $44,500 $8,600 $35,900
2015 $1,119 $44,500 $8,600 $35,900
2014 $1,119 $44,500 $8,600 $35,900
Source: Public Records

Agents Affiliated with this Home

  • Gary Simpkins

    Seller's Agent in 2016

    Gary Simpkins

    RE/MAX

    (302) 388-9689

    11 in this area

    35 Total Sales

    Gary Simpkins
    Section Image
  • Michael Dutt

    Buyer's Agent in 2016

    Michael Dutt

    Patterson Schwartz

    (302) 733-7079

    21 in this area

    107 Total Sales

    Michael Dutt
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003957235

Bright MLS

APN: 18-025.00-188

Delaware New Castle County Newark 19711

216 W Park Place, Newark, DE

This home is located at 216 W Park Place, Newark, DE 19711 since 15 October 2016 and is currently estimated at $341,165, approximately $278 per square foot. This property was built in 1950. 216 W Park Place is a home located in New Castle County with nearby schools including West Park Place Elementary School, Shue-Medill Middle School, and Newark High School.

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