NOT LISTED FOR SALE

406 Leo Ln Bear, DE 19701

Estimated Value: $469,910 - $513,000

4 Beds
3 Baths
2,175 Sq Ft
$223/Sq Ft Est. Value

Last Sold September 18, 2024

Last sale price $534,900 $246 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $2,993/month

Highlights

  • Gourmet Kitchen
  • Colonial Architecture
  • Recreation Room
  • Open Floorplan
  • Premium Lot
  • Wood Flooring

About This Home

As of September 2024

Welcome to this stunning detached home on a premium lot that overlooks a serene community park-like setting with an inviting front wrap-around porch, complete with a ceiling fan, perfect for enjoying the peaceful surroundings. This home boasts an open-style floorplan, perfect for modern living, featuring a gourmet kitchen equipped with an island, wall oven, gas cooktop, and generous cabinet space. The great room w/a cozy fireplace, provides an inviting space for relaxation. A Bedroom and Full Bathroom is conveniently located on the main floor along with a dedicated office space, ideal for working from home, and a mudroom with built-in storage for coats and backpacks. Upstairs, the home continues to impress with three spacious bedrooms, including a luxurious primary owner's suite. The suite features a custom-organized walk-in closet and a spacious bathroom with a soaking tub, glass-enclosed shower, and dual sink vanity. The finished basement offers additional living and entertaining space, complete with an egress window for natural light. Outdoors, the fully fenced yard with a charming white picket fence creates a private retreat. An oversized, detached two-car garage is in the rear of home. Residents of this community enjoy access to a range of amenities, including playgrounds, a swimming pool, a clubhouse, tennis and basketball courts, and scenic jogging and walking paths. This home truly offers a perfect blend of comfort, style, and community living.

Last Agent to Sell the Property

Kathy Melcher

(302) 379-3351 klmelcher@msn.com Coldwell Banker Rowley Realtors License #RS-0019961 Listed on: 08/14/2024

Coldwell Banker Rowley Realtors

Last Buyer's Agent

Lakeisha Cunningham

(302) 293-8654 lakeisha@thecunninghamteam.com EXP Realty, LLC License #RA-0020694

EXP Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,189

Year Built

  • Built in 2017

Lot Details

  • 6,969 Sq Ft Lot
  • Property is Fully Fenced
  • Premium Lot
  • Property is in excellent condition
  • Property is zoned ST

HOA Fees

  • $170 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • 2 Driveway Spaces
  • Oversized Parking
  • Rear-Facing Garage

Home Design

  • Colonial Architecture
  • Poured Concrete
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,175 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace With Glass Doors
  • Fireplace Mantel
  • Gas Fireplace
  • Mud Room
  • Great Room
  • Family Room Off Kitchen
  • Combination Kitchen and Dining Room
  • Home Office
  • Recreation Room
  • Utility Room
  • Partially Finished Basement
  • Basement Windows

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Built-In Oven
  • Cooktop
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Wrap Around Porch

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 201
  • Assessor Parcel Number 10-048.20-201

Community Details

Overview

  • Meridian Crossing Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,189

Year Built

Built in 2017

Lot Details

0

HOA Fees

$170 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 2017
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer, Oven - Single, Oven - Wall, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Flooring Type: Carpet, Wood
  • Interior Amenities: Breakfast Area, Built-Ins, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Fireplace Features: Fireplace - Glass Doors, Gas/Propane, Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Great Room, Laundry, Mud Room, Office, Recreation Room, Utility Room, Bathroom 2, Bathroom 3, Primary Bathroom
  • Basement: Yes
  • Basement Type: Partially Finished, Poured Concrete, Windows
  • Laundry Type: Upper Floor
  • Total Sq Ft: 2175
  • Living Area Sq Ft: 2175
  • Price Per Sq Ft: 245.93
  • Above Grade Finished Sq Ft: 2175
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Exterior Lighting
  • 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
  • Garage Features: Garage - Rear Entry, Oversized
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Detached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public
  • Internet Services: Fiber Optic

Condo/Co-op/Association

  • HOA Fees: 169.57
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Fencing: Fully
  • Lot Features: Premium
  • Lot Size Acres: 0.16
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6969.00
  • Outdoor Living Structures: Porch(es), Wrap Around
  • Property Condition: Excellent
  • Zoning: ST
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 2298.00
  • Tax Annual Amount: 3189.09
  • Assessor Parcel Number: 10-048.20-201
  • Tax Lot: 201
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: COLONIAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2024
Closed on
Sep 18, 2024
Sold by
Love Stephen and Love Renae
Bought by
Sims April
Seller's Agent
Kathy Melcher
Coldwell Banker Rowley Realtors
Buyer's Agent
Lakeisha Cunningham
EXP Realty, LLC
List Price
$534,900
Sold Price
$534,900
Views
3
Current Estimated Value
$489,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$45,365
Avg. Annual Appreciation
-7.11%
Original Mortgage
$487,112
Outstanding Balance
$480,689
Interest Rate
6.47%
Mortgage Type
FHA
Estimated Equity
$5,289

Purchase Details

Closed on
Nov 22, 2017
Sold by
Ryland Group Inc
Bought by
Love Stepen and Love Renae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,545
Interest Rate
3.91%
Mortgage Type
VA

Purchase Details

Closed on
Dec 29, 2011
Sold by
Bergen Delaware Realty Llc
Bought by
The Provident Bank

Purchase Details

Closed on
Mar 15, 2006
Sold by
Reybold Venture Group Xi-F Llc
Bought by
Meridian Crossing Funding Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,082,986
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sims April $454,900 None Listed On Document
Love Stepen $221,127 None Available
The Provident Bank -- None Available
Meridian Crossing Funding Co Inc $5,015,661 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sims April $487,112
Previous Owner Love Stepen $368,545
Previous Owner Meridian Crossing Funding Co Inc $1,082,986
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2024 09/18/24 Sold $534,900 0.0% $246 / Sq Ft
08/14/2024 08/14/24 Pending -- -- --
08/14/2024 08/14/24 For Sale $534,900 -- $246 / 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 $3,189 $91,700 $8,700 $83,000
2023 $2,915 $91,700 $8,700 $83,000
2022 $3,035 $91,700 $8,700 $83,000
2021 $2,777 $91,700 $8,700 $83,000
2020 $2,797 $91,700 $8,700 $83,000
2019 $138 $91,700 $8,700 $83,000
2018 $3,004 $91,700 $8,700 $83,000
2017 $190 $6,200 $6,200 $0
2016 $170 $6,200 $6,200 $0
2015 $170 $6,200 $6,200 $0
2014 $171 $6,200 $6,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2066646

Bright MLS

APN: 10-048.20-201