NOT LISTED FOR SALE

5 Redwood Ct Newark, DE 19702

Estimated Value: $355,000 - $393,817

3 Beds
2 Baths
1,600 Sq Ft
$234/Sq Ft Est. Value

Last Sold July 20, 2020

Last sale price $250,000 $156 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,231/month

18 Days on Market

Highlights

  • Colonial Architecture
  • Corner Lot
  • Back, Front, and Side Yard
  • Main Floor Bedroom
  • 1 Car Direct Access Garage
  • Central Air

About This Home

As of July 2020

Call your agent soon to see this beautifully landscaped corner property with a fenced yard and an updated interior at a great price! You can choose to enter your conveniently located home through your garage or your front door. The remodeled kitchen is at the front of your new home and is next to the dining area which overlooks the living room with the high ceilings and relaxing ambiance. More great features include a main floor bedroom with a full bathroom. Upstairs are two nicely sized bedrooms, a full bath and a mini kitchenette area for handy snacks or beverages. There is a basement with many opportunities for storage or finishing choices. This wonderful home has plenty of light inside and has the perfect mix of shade and sunlight outside on the deck or in the large yard. The shed was added two years ago to provide even more storage! The carpets were replaced within the year and the roof is only 5 years old. Looking forward to your offers! Visitors will need a preapproval before a tour and will need to wear a mask and gloves. Please follow all current COVID19 regulations. Thank you for your interest.

Last Agent to Sell the Property

Angela Ferguson

(302) 373-7220 buyahomewithangela@gmail.com RE/MAX Associates-Hockessin License #RS-0021927 Listed on: 05/29/2020

RE/MAX Associates-Hockessin

Last Buyer's Agent

M. DANIEL NELSON JR.

(610) 745-7688 mdanielnelson@comcast.net House of Real Estate License #RA0020599

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,461

Year Built

  • Built in 1988

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 97.50 x 124.70
  • No Through Street
  • Corner Lot
  • Level Lot
  • Back, Front, and Side Yard
  • Property is zoned NC6.5

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway
  • On-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Aluminum Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,600 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Dining Area
  • Carpet
  • Partial Basement

Bedrooms and Bathrooms

Schools

  • Mcvey Elementary School
  • Gauger-Cobbs Middle School
  • Glasgow High School

Utilities

  • Central Air
  • Heat Pump System
  • 200+ Amp Service

Community Details

  • Cedar Farms Maintenance Corporation HOA
  • Cedar Farms Subdivision

Listing and Financial Details

  • Tax Lot 031
  • Assessor Parcel Number 11-015.30-031

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,461

Year Built

Built in 1988

Lot Details

0

HOA Fees

$8 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2020-05-29
  • Federal Flood Zone: No
  • Year Built: 1988
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Interior Amenities: Ceiling Fan(s), Carpet, Dining Area, Entry Level Bedroom
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Partial, Poured Concrete
  • Total Sq Ft: 1600
  • Living Area Sq Ft: 1600
  • Price Per Sq Ft: 156.25
  • Above Grade Finished Sq Ft: 1600
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Vinyl Siding, Aluminum Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Garage Door Opener, Inside Access
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage, Driveway, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 100.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Name: CEDAR FARMS - MAINTENANCE CORPORATION
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: MCVEY
  • High School: GLASGOW
  • Middle Or Junior School: GAUGER-COBBS

Lot Info

  • Lot Features: Corner, Level, No Thru Street, Front Yard, Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.27
  • Lot Dimensions: 97.50 x 124.70
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11761.00
  • Zoning: NC6.5
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • School Tax: 1878.00
  • Tax Annual Amount: 2461.00
  • Assessor Parcel Number: 11-015.30-031
  • Tax Lot: 031
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2020
Closed on
Jul 20, 2020
Sold by
Rao Suresh R and Rao Lakshmi S
Bought by
Bowman Carolyn and Bowman Cherice
Seller's Agent
Angela Ferguson
RE/MAX Associates-Hockessin
Buyer's Agent
M. DANIEL NELSON JR.
House of Real Estate
List Price
$250,000
Sold Price
$250,000
Current Estimated Value
$374,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,454
Avg. Annual Appreciation
7.78%
Original Mortgage
$245,471
Outstanding Balance
$218,071
Interest Rate
3.2%
Mortgage Type
FHA
Estimated Equity
$156,383

Purchase Details

Listed on
Apr 4, 2013
Closed on
Jun 17, 2013
Sold by
Kane John J and Kane Sandra L
Bought by
Rao Suresh R and Rao Lakshmi S
Seller's Agent
Team Freebery
EXP Realty, LLC
Buyer's Agent
Kalpana Joshi
Patterson-Schwartz-Hockessin
List Price
$200,000
Sold Price
$195,000
Premium/Discount to List
-$5,000
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.56%
Original Mortgage
$156,000
Interest Rate
3.45%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bowman Carolyn -- None Available
Rao Suresh R $195,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bowman Carolyn $245,471
Previous Owner Rao Suresh R $156,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/20/2020 07/20/20 Sold $250,000 0.0% $156 / Sq Ft
06/17/2020 06/17/20 Pending -- -- --
05/29/2020 05/29/20 For Sale $250,000 +28.2% $156 / Sq Ft
06/17/2013 06/17/13 Sold $195,000 -2.5% $122 / Sq Ft View Prior Sale
04/25/2013 04/25/13 Pending -- -- --
04/04/2013 04/04/13 For Sale $200,000 -- $125 / 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 $3,107 $70,700 $12,600 $58,100
2023 $3,026 $70,700 $12,600 $58,100
2022 $3,005 $70,700 $12,600 $58,100
2021 $2,941 $70,700 $12,600 $58,100
2020 $0 $70,700 $12,600 $58,100
2019 $2,587 $70,700 $12,600 $58,100
2018 $50 $70,700 $12,600 $58,100
2017 $2,375 $70,700 $12,600 $58,100
2016 $2,375 $70,700 $12,600 $58,100
2015 $2,172 $70,700 $12,600 $58,100
2014 $2,174 $70,700 $12,600 $58,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC501872

Bright MLS

APN: 11-015.30-031