NOT LISTED FOR SALE

480 Rederick Ln Middletown, DE 19709

Estimated Value: $380,720 - $465,000

3 Beds
2.5 Baths
2,001 Sq Ft
$211/Sq Ft Est. Value

Last Sold May 02, 2024

Last sale price $374,900 $187 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,231/month

191 Days on Market

Highlights

  • New Construction
  • Open Floorplan
  • Great Room
  • Lorewood Grove Elementary School Rated A
  • Colonial Architecture
  • Den

About This Home

As of May 2024

March 2024 Move In. ** WORKFORCE HOUSING-BUYER MUST QUALIFY FOR THIS NEW CASTLE COUNTY PROGRAM TO PURCHASE - MASSEY INTERIOR UNIT- 3 bedrooms, 2.5 baths, 1 car garage. Approx. 2001 SF! This home features a Finished den, 42" cabinets in kitchen, island, stainless range, dishwasher, microwave and recessed lighting in Kitchen. Tiled floor and Shower surround in master bath. 3 pcs rough in walk out basement. Don't miss out on this spectacular floor plan! Agent must accompany buyer on first visit or pre-register before first visit on builder website in order to be compensated. Buyer pays full transfer.

Workforce Housing Income Limits Link:
newcastlede.gov/DocumentCenter/View/51388/Income-Limits-effective-6152023
This Community is last column, 120% Median Income.

Application Link:
newcastlede.gov/DocumentCenter/View/47236/Application-Purchaser-2023

Last Agent to Sell the Property

Irene Blair

(302) 738-2300 vicki@kwempower.com Empower Real Estate, LLC License #RS-0012290 Listed on: 09/23/2023

Empower Real Estate, LLC

Last Buyer's Agent

Celeste Smith

(302) 836-0600 tm@madisonrealestateinc.com Madison Real Estate Inc. DBA MRE Residential Inc. License #RA-0020643

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,000

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 3,485 Sq Ft Lot
  • Property is in excellent condition

HOA Fees

  • $30 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Craftsman Architecture
  • Slab Foundation
  • Frame Construction
  • Blown-In Insulation
  • Architectural Shingle Roof
  • Stone Siding
  • Vinyl Siding
  • Rough-In Plumbing
  • Stick Built Home
  • CPVC or PVC Pipes

Interior Spaces

  • 2,001 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Ceiling height of 9 feet or more
  • Recessed Lighting
  • Low Emissivity Windows
  • Vinyl Clad Windows
  • Insulated Windows
  • Insulated Doors
  • Great Room
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Den
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • Walk-in Shower

Laundry

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

Outdoor Features

  • Exterior Lighting

Schools

  • Cedar Lane Elementary School
  • Redding Middle School
  • Middletown High School

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • 200+ Amp Service
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 13-019.14-009

Community Details

Overview

  • $691 Capital Contribution Fee
  • Built by Benchmark Builders
  • Ponds Of Odessa Subdivision, Massey Interior Unit Floorplan

Pet Policy

  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,000

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$30 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Craftsman, Colonial
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: No
  • Year Built: 2024
  • Special Features: NewHome
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Oven - Self Cleaning, Oven/Range - Gas, Stainless Steel Appliances, Washer/Dryer Hookups Only
  • Flooring Type: Carpet, Ceramic Tile, Laminated
  • Interior Amenities: Breakfast Area, Carpet, Combination Dining/Living, Dining Area, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Island, Primary Bath(s), Pantry, Recessed Lighting, Stall Shower, Walk-In Closet(s)
  • Window Features: Insulated, Low-E, Vinyl Clad
  • Fireplace: No
  • Door Features: Insulated
  • Wall Ceiling Types: 9'+ Ceilings, Dry Wall
  • Foundation Details: Slab
  • Levels Count: 3
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Den, Great Room, Laundry
  • Basement: Yes
  • Basement Type: Walkout Level, Fully Finished
  • Basement Finished Percent: 75.00
  • Laundry Type: Upper Floor
  • Total Sq Ft: 2001
  • Living Area Sq Ft: 2001
  • Price Per Sq Ft: 187.36
  • Above Grade Finished Sq Ft: 2001
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Blown-In Insulation, Concrete, Cpvc/Pvc, Frame, Rough-In Plumbing, Stick Built, Stone, Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Exterior Lighting, Sidewalks, Street Lights
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 360.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 691.07

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: CEDAR LANE
  • High School: MIDDLETOWN
  • Middle Or Junior School: REDDING

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Size Acres: 0.08
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3485.00
  • Property Condition: Excellent
  • Zoning: RESIDENTIAL
  • In City Limits: No

Building Info

  • Builder Name: Benchmark Builders

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3000.00
  • Assessor Parcel Number: 13-019.14-009
  • Tax Year: 2023

MLS Schools

  • School District Name: APPOQUINIMINK

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2023
Closed on
Apr 30, 2024
Sold by
Benchmark Builders Inc
Bought by
Blake Cory
Seller's Agent
Irene Blair
Empower Real Estate, LLC
Buyer's Agent
Celeste Smith
Madison Real Estate Inc. DBA MRE Residential Inc.
List Price
$378,325
Sold Price
$374,900
Premium/Discount to List
-$3,425
-0.91%
Views
603
Current Estimated Value
$421,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,780
Avg. Annual Appreciation
6.99%
Original Mortgage
$368,109
Outstanding Balance
$362,938
Interest Rate
6.87%
Mortgage Type
FHA
Estimated Equity
$58,742

Purchase Details

Closed on
Jul 7, 2023
Sold by
Eastern States Development Company Inc
Bought by
Benchmark Builders Inc
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
Blake Cory -- None Listed On Document
Benchmark Builders Inc -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blake Cory $368,109
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2024 05/02/24 Sold $374,900 0.0% $187 / Sq Ft
04/01/2024 04/01/24 Pending -- -- --
03/04/2024 03/04/24 Price Changed $374,900 +2.5% $187 / Sq Ft
12/19/2023 12/19/23 Price Changed $365,900 -3.3% $183 / Sq Ft
09/23/2023 09/23/23 For Sale $378,325 -- $189 / Sq Ft
Source: Bright MLS

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 $104 $2,400 $2,400 --
2023 $89 $2,400 $2,400 $0
2022 $89 $2,400 $2,400 $0
2021 $88 $2,400 $2,400 $0
2020 $87 $2,400 $2,400 $0
2019 $3 $2,400 $2,400 $0
2018 $4 $2,400 $2,400 $0
2017 -- $2,400 $2,400 $0
2016 -- $2,400 $2,400 $0
2015 -- $2,400 $2,400 $0
2014 -- $2,400 $2,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2049828

Bright MLS

APN: 13-019.32-166