NOT LISTED FOR SALE

271 Cinnamon Way Magnolia, DE 19962

Estimated Value: $485,000 - $550,000

3 Beds
3.5 Baths
3,450 Sq Ft
$150/Sq Ft Est. Value

Last Sold October 26, 2018

Last sale price $329,900 $96 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $3,081/month

60 Days on Market

About This Home

As of October 2018

Fantastic Quick Delivery, Ready for October 2018 Move-in. Another gorgeous home being built by K. Hovnanian in the popular community of The Reserves at Chestnut Ridge. This Partial Stone Front St. Michael's is 3 bedroom ranch home is sure to please. The St Michael's offers: entrance foyer adjacent to split bedroom design, spacious hall entrance from 2-car garage, first floor owners suite with a luxurious spa bath, open kitchen design pouring into dining area and expansive great room. Direct access to laundry room from garage. Some of the Builder upgrades included with this home are: Hardwood Flooring, 4ft Extension added to Dining Area, Great Room and Master Bedroom, Gas Cooking, Stainless Steel Appliances including Side by Side GE Profile "Counter-depth" Refrigerator, Upgraded Cabinets, Quartz Counter-tops, Luxury Owners Spa Shower, Finished Rec-room with Full Bath in Lower Level, Garage Door opener, Recessed lights, 5 Ceiling fan pre-wires and much more. Check out the new clubhouse with exercise room, billiard room and pool. Don't miss out on owning a home in this popular community close to all major routes and Dover Air Force Base. The Reserves at Chestnut Ridge single family value starts with great location in the small town of Magnolia, just South of Dover and only 35 minutes away from Delaware's famous beach resorts. The best-selling community plan includes recreation and High Performance? energy efficiency, featuring a 90% efficient furnace, Low-E windows, 15 SEER AC, R-49 attic insulation and high efficiency CFL light bulbs. Welcome to Chestnut Ridge, where you can expect more! More space, since over 1/3 of the 107 acre site will be preserved as open, so you can expect homes backing to views of landscaped meadows. More amenities, with two pools, a fitness center, future walking trails and tennis court, and spacious clubhouse. We offer more home options and styles for every lifestyle, with ranch and two story home styles to choose from. Floor plans range from very open to more formal and traditional. More included features too---every home includes a basement and garage! At The Reserves at Chestnut Ridge, you will enjoy a small town neighborhood setting and still be close to shopping on Rt. 13 and travel on Rt. 1. Come see why so many homeowners have already chosen The Reserves at Chestnut Ridge by Hovnanian. ***Photos are of the model home**** This home is under construction****

Last Agent to Sell the Property

William Sladek

Redfin Corporation License #RS-0017340 Listed on: 07/02/2018

Last Buyer's Agent

William Sladek

Redfin Corporation License #RS-0017340 Listed on: 07/02/2018

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,250

Year Built

2018

Lot Details

0

HOA Fees

$44 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 2018
  • Remarks Public: Fantastic Quick Delivery, Ready for October 2018 Move-in. Another gorgeous home being built by K. Hovnanian in the popular community of The Reserves at Chestnut Ridge. This Partial Stone Front St. Michael's is 3 bedroom ranch home is sure to please. The St Michael's offers: entrance foyer adjacent to split bedroom design, spacious hall entrance from 2-car garage, first floor owners suite with a luxurious spa bath, open kitchen design pouring into dining area and expansive great room. Direct access to laundry room from garage. Some of the Builder upgrades included with this home are: Hardwood Flooring, 4ft Extension added to Dining Area, Great Room and Master Bedroom, Gas Cooking, Stainless Steel Appliances including Side by Side GE Profile "Counter-depth" Refrigerator, Upgraded Cabinets, Quartz Counter-tops, Luxury Owners Spa Shower, Finished Rec-room with Full Bath in Lower Level, Garage Door opener, Recessed lights, 5 Ceiling fan pre-wires and much more. Check out the new clubhouse with exercise room, billiard room and pool. Don't miss out on owning a home in this popular community close to all major routes and Dover Air Force Base. The Reserves at Chestnut Ridge single family value starts with great location in the small town of Magnolia, just South of Dover and only 35 minutes away from Delaware's famous beach resorts. The best-selling community plan includes recreation and High Performance? energy efficiency, featuring a 90% efficient furnace, Low-E windows, 15 SEER AC, R-49 attic insulation and high efficiency CFL light bulbs. Welcome to Chestnut Ridge, where you can expect more! More space, since over 1/3 of the 107 acre site will be preserved as open, so you can expect homes backing to views of landscaped meadows. More amenities, with two pools, a fitness center, future walking trails and tennis court, and spacious clubhouse. We offer more home options and styles for every lifestyle, with ranch and two story home styles to choose from. Floor plans range from very open to more formal and traditional. More included features too---every home includes a basement and garage! At The Reserves at Chestnut Ridge, you will enjoy a small town neighborhood setting and still be close to shopping on Rt. 13 and travel on Rt. 1. Come see why so many homeowners have already chosen The Reserves at Chestnut Ridge by Hovnanian. ***Photos are of the model home**** This home is under construction****
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Range, Oven - Self Cleaning, Dishwasher, Refrigerator, Disposal, Energy Efficient Appliances, Built-In Microwave
  • Flooring Type: Fully Carpeted, Vinyl
  • Interior Amenities: Primary Bath(s), Kitchen - Island, Butlers Pantry, Dining Area
  • Window Features: Energy Efficient
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings
  • Entry Location: Foyer
  • Foundation Details: Concrete Perimeter
  • Levels Count: 1
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Kitchen, Family Room, Bedroom 1, Attic
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Main Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 3450
  • Living Area Sq Ft: 3450
  • Net Sq Ft: 3450.00
  • Price Per Sq Ft: 95.62
  • Above Grade Finished Sq Ft: 3450
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 271

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding, Stone
  • Construction Completed: Yes
  • Exterior Features: Sidewalks, Street Lights, Exterior Lighting
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 3
  • Parking Features: Street
  • Garage Features: Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: On Street, Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Service: Underground, 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 531.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Swimming Pool, Club House
  • HOA Condo Co-Op Fee Includes: Pool(s), Common Area Maintenance
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: CAESAR RODNEY
  • Elementary School: W.B. SIMPSON
  • School District Key: 300200396889
  • Elementary School: W.B. SIMPSON

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 0.24
  • Lot Dimensions: 75X140
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10500.00
  • Property Condition: Excellent
  • Zoning: AC

Green Features

  • R Factor Ceilings: 49
  • R Factor Ext Walls: 15

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4769112
  • Tax Annual Amount: 2400.00
  • Assessor Parcel Number: NM-00-12101-03-1100-000
  • Tax Lot: 229
  • Tax Year: 2018
  • Close Date: 10/26/2018

MLS Schools

  • School District Name: CAESAR RODNEY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2021
Sold by
Graham Vernon
Bought by
Graham Vernon and Graham Joetta V
Current Estimated Value
$515,796

Purchase Details

Listed on
Jul 2, 2018
Closed on
Oct 18, 2018
Sold by
K Hovanian Homes Of Delward Llc
Bought by
Graham Vernon
Seller's Agent
William Sladek
Redfin Corporation
Buyer's Agent
William Sladek
Redfin Corporation
List Price
$370,244
Sold Price
$329,900
Premium/Discount to List
-$40,344
-10.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.54%
Original Mortgage
$324,700
Interest Rate
4.6%
Mortgage Type
VA

Purchase Details

Closed on
Jun 25, 2018
Sold by
Schiff Land Development Company Llc
Bought by
K Hovnanian Homes Of Delaware Llc
Source: Public Records

Range of Values:

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Average Value
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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
Graham Vernon -- None Available
Graham Vernon $329,900 Nationwide Title Clearing
K Hovnanian Homes Of Delaware Llc $75,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Graham Vernon $318,310
Closed Graham Vernon $319,570
Closed Graham Vernon $322,600
Closed Graham Vernon $324,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2018 10/26/18 Sold $329,900 0.0% $96 / Sq Ft
08/31/2018 08/31/18 Pending -- -- --
08/23/2018 08/23/18 Price Changed $329,900 -5.7% $96 / Sq Ft
07/08/2018 07/08/18 Price Changed $349,900 -5.5% $101 / Sq Ft
07/02/2018 07/02/18 For Sale $370,244 -- $107 / 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 $2,250 $458,400 $103,900 $354,500
2023 $2,160 $68,300 $4,600 $63,700
2022 $2,042 $68,300 $4,600 $63,700
2021 $1,987 $68,300 $4,600 $63,700
2020 $1,979 $68,300 $4,600 $63,700
2019 $1,878 $68,300 $4,600 $63,700
2018 $1,012 $4,600 $4,600 $0
2017 $10 $500 $0 $0
2016 $10 $500 $0 $0
2015 $9 $500 $0 $0
2014 $9 $500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002002108

Bright MLS

APN: 7-00-11203-10-5900-000