302 Stonebrook Place Dover, DE 19904
Bicentennial Village Neighborhood
2
Beds
1.5
Baths
1,120
Sq Ft
2,548
Acres
Highlights
- 2,548.28 Acre Lot
- Central Air
- Family Room
- No HOA
- Combination Dining and Living Room
- Property is in excellent condition
About This Home
As of December 2023Must conform to Diamond State Community Land Trust model .
Ownership is leasehold the process below can take as little as one week to complete but is not guaranteed:
1. Applicants are referred to Diamond State, CLT for pre-qualification & orientation.
2. An application must be submitted along with the following documents:
a. Last 2 years tax returns, w2’s & 1099’s
b. Last 3 months pay stubs and proof of all other income for any member in the household over the
age of 18.
c. Most recent credit report
d. Photo ID
e. Last 2 months checking, saving, and all other asset statements
f. This application will confirm the homeowner meets the criteria of the home – their household income is lower than the AMI restricted for the home and their estimated monthly mortgage payment will not exceed 30% of their monthly household income
3. If applicants are pre-approved for a mortgage, they must confirm their lender has a product that works alongside land lease agreements. If not, Diamond State, CLT will refer the applicant to a lender who does.
4. Applicants are required to complete a HUD approved First Time Homebuyer course and be able to provide a certificate of completion.
5. Applicants will have to meet with a homeownership counselor for referral for the home.
6. Applicants will sign a sales contract and proceed with the traditional process of purchasing their home.
7. The lease to the land is inheritable to the same person who is assigned as heir to the home.
*IMPORTANT THINGS TO REMEMBER*
1. While the home is listed, we operate on a first come, first serve basis.
2. We encourage anyone who is interested in a CLT home to submit an application and attend an
orientation. CLT homeownership might not be something they are interested in right now, but may be in the future. If they are in our pipeline, they will be among the initial contacts in the future when more homes become available – but cannot be added to the pipeline if they have not completed an orientation or submitted an application.
3. There is a resale formula in the lease agreement. THIS LIMITS THE AMOUNT THE BUYER CAN SELL FOR IN THE FUTURE. However, we explain this aspect in two ways – 1. Equity earned will be proportional to the percentage of the value they purchase for. While Diamond State owns the land, this does not mean the value the homeowner purchases the exact value of the home, only. 2. Some households benefit from having the security of homeownership and low monthly mortgage payments on a daily basis. Diamond State, CLT recognizes this as an opportunity for families to have options that are otherwise unavailable with the cost of rent and higher mortgage payments.
4. Once the home is sold, the buyer will never owe money to the CLT.
5. There is a monthly $40 lease fee. While this fee could increase according to the lease agreement, this
has not happened in since the CLT started in 2006.
6. HOMEOWNER’S ARE ABLE TO ENJOY THEIR PROPERTY AS IF IT WERE THEIR OWN. Diamond
State, CLT only requires permission to make structural changes to the home or additions to the property, i.e. adding a deck, shed, pool, etc. This is only because we have to ensure the proper municipal requirements are being upheld AND to ensure the homeowner is aware of how these changes can have a positive or negative impact on the home. It is possible that significant structural changes can be denied – i.e. adding square footage to the home, removing walls that would decrease the number of bedrooms, etc.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,335
Year Built
- Built in 1984
Lot Details
- Lot Dimensions are 20.00 x 143.56
- Land Lease expires in 99 years
- Ground Rent
- Property is in excellent condition
Parking
- Off-Street Parking
Home Design
- Shingle Roof
- Aluminum Siding
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,120 Sq Ft Home
- Property has 2 Levels
- Family Room
- Combination Dining and Living Room
Kitchen
- Electric Oven or Range
- Dishwasher
- Disposal
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
Laundry
- Electric Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Utilities
- Central Air
- Back Up Electric Heat Pump System
- Electric Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 2500-000
- Assessor Parcel Number ED-05-07606-02-2500-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 30, 2023
Sold by
Howell Sarah Lindsay
Bought by
Diamond State Clt
Current Estimated Value
Purchase Details
Closed on
Nov 12, 2021
Sold by
Diamond State Clt Inc
Bought by
Department Of Transportation
Purchase Details
Closed on
Oct 5, 2020
Sold by
Baynard Sylvia D
Bought by
Department Of Transportation
Purchase Details
Listed on
Jan 12, 2017
Closed on
Apr 10, 2017
Sold by
Fannie Mae
Bought by
Diamond State Clt Inc
Seller's Agent
Steve Schmidt
RE/MAX Horizons
Buyer's Agent
Tom Horne
RE/MAX 1st Choice - Middletown
List Price
$66,900
Sold Price
$64,000
Premium/Discount to List
-$2,900
-4.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.49%
Purchase Details
Closed on
Dec 28, 2009
Sold by
Secretary Of Veterans Affairs
Bought by
Diamond State Clt Inc
Purchase Details
Closed on
Aug 13, 2009
Sold by
Bolenl Preston J
Bought by
Mortgage Electronic Registration Systems and Access National Mortgage
Purchase Details
Closed on
Apr 28, 2006
Sold by
Hudson Timothy S
Bought by
Bolen Preston J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,859
Interest Rate
6.34%
Mortgage Type
VA
Similar Home in Dover, DE
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $90,000 | None Listed On Document | |
| Deed | $4,200 | None Listed On Document | |
| Deed | $2,800 | None Available | |
| Deed | -- | None Available | |
| Deed | -- | None Available | |
| Sheriffs Deed | $96,943 | None Available | |
| Deed | $1,995 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $119,000 | New Conventional | |
| Previous Owner | $135,859 | VA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/15/2023 12/15/23 | Sold | $135,000 | -0.7% | $121 / Sq Ft |
| 10/04/2023 10/04/23 | For Sale | $136,000 | 0.0% | $121 / Sq Ft |
| 08/14/2023 08/14/23 | Price Changed | $136,000 | +0.6% | $121 / Sq Ft |
| 08/14/2023 08/14/23 | For Sale | $135,200 | +77.9% | $121 / Sq Ft |
| 08/10/2023 08/10/23 | Pending | -- | -- | -- |
| 03/29/2018 03/29/18 | Sold | $76,000 | -7.3% | $68 / Sq Ft |
| 01/18/2018 01/18/18 | Pending | -- | -- | -- |
| 11/03/2017 11/03/17 | For Sale | $82,000 | +28.1% | $73 / Sq Ft |
| 04/13/2017 04/13/17 | Sold | $64,000 | -4.3% | $57 / Sq Ft |
| 03/01/2017 03/01/17 | Pending | -- | -- | -- |
| 01/12/2017 01/12/17 | For Sale | $66,900 | -10.2% | $60 / Sq Ft |
| 04/25/2014 04/25/14 | Sold | $74,500 | -12.4% | $67 / Sq Ft |
| 11/29/2012 11/29/12 | Pending | -- | -- | -- |
| 02/23/2011 02/23/11 | Price Changed | $85,000 | -10.5% | $76 / Sq Ft |
| 08/24/2010 08/24/10 | Price Changed | $95,000 | -9.5% | $85 / Sq Ft |
| 05/27/2010 05/27/10 | For Sale | $105,000 | -- | $94 / 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 | $332 | $38,300 | $38,300 | $0 |
| 2023 | $115 | $3,900 | $3,900 | $0 |
| 2022 | $117 | $4,100 | $4,100 | $0 |
| 2021 | $112 | $4,100 | $4,100 | $0 |
| 2020 | $109 | $4,100 | $4,100 | $0 |
| 2019 | $103 | $4,100 | $4,100 | $0 |
| 2018 | $94 | $4,100 | $4,100 | $0 |
| 2017 | $92 | $4,100 | $0 | $0 |
| 2016 | $92 | $4,100 | $0 | $0 |
| 2015 | -- | $4,100 | $0 | $0 |
| 2014 | -- | $4,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Tom Horne
Seller's Agent in 2023
Tom Horne
RE/MAX
(302) 373-8156
1 in this area
49 Total Sales
-
Carlton Brown
Buyer's Agent in 2023
Carlton Brown
Myers Realty
(302) 241-8843
4 in this area
33 Total Sales
-
Steve Schmidt
Seller's Agent in 2017
Steve Schmidt
RE/MAX
(302) 678-4326
6 in this area
155 Total Sales
-
Barbara Schmidt
Seller Co-Listing Agent in 2017
Barbara Schmidt
RE/MAX
(302) 242-2737
50 Total Sales
-
Andrew Bryan
Seller's Agent in 2014
Andrew Bryan
Bryan Realty Group
(302) 242-4328
2 in this area
249 Total Sales
-
Kim Bryan
K
Seller Co-Listing Agent in 2014
Kim Bryan
Bryan Realty Group
(302) 678-4313
Map
Source: Bright MLS
MLS Number: DEKT2021576
APN: 2-05-07606-02-2600-000
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