NOT LISTED FOR SALE

500 Briar Ln Newark, DE 19711

Estimated Value: $534,065 - $590,000

3 Beds
2 Baths
2,275 Sq Ft
$246/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $375,000 $165 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,309/month

Highlights

  • Rambler Architecture
  • 2 Fireplaces
  • Screened Porch
  • Wood Flooring
  • No HOA
  • Community Pool

About This Home

As of October 2020

Visit this home virtually: http://www.vht.com/434104386/IDXS - The charm of this beautifully updated Ranch in sought after and picturesque Oaklands, begins with the brick walkway leading to the recently added front portico. It continues throughout the home, which features gleaming hardwood floors, remodeled master bath, two fireplaces, new high-efficient Lennox HVAC (2019) and Bradford White gas water heater replaced in 2018. The totally remodeled kitchen boasts new cabinetry, appliances, (including a convenient faucet over the stove), marble counters, with matching workstation, a skylight, and a garden window. The basement offers a great teen-retreat space, while the back fenced yard with its spacious screened porch are perfect for relaxing and entertaining on those warm summer nights. They say the first three rules of real estate is location, location, location. Well, not only is the setting of this home perfect, with its mature trees, well maintained homes, on generous lots. Its proximity to the University of Delaware and Main Street will put you close to fine dining, as well as the excitement and energy of a college town. This home is also located in the Newark Charter feeder pattern! More photos to come!

Last Agent to Sell the Property

Mike Canning

Compass Listed on: 09/24/2020

Compass

Last Buyer's Agent

Mary Kate Johnston

RE/MAX Associates - Newark

RE/MAX Associates - Newark

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,735

Year Built

  • Built in 1962

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 122' x 98'
  • Property is in very good condition
  • Property is zoned 18RS

Parking

  • 1 Car Attached Garage
  • Rear-Facing Garage

Home Design

  • Rambler Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,275 Sq Ft Home
  • Property has 1 Level
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Brick Fireplace
  • Gas Fireplace
  • Screened Porch
  • Wood Flooring
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

  • Downes Elementary School
  • Shue-Medill Middle School
  • Newark High School

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater
  • Public Septic

Listing and Financial Details

  • Assessor Parcel Number 18-018.00-423

Community Details

Overview

  • No Home Owners Association
  • Oaklands Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,735

Year Built

Built in 1962

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: Washer, Dryer, Refrigerator, Microwave
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1962
  • Automatically Close On Close Date: No
  • Remarks Public: Visit this home virtually: http://www.vht.com/434104386/IDXS - The charm of this beautifully updated Ranch in sought after and picturesque Oaklands, begins with the brick walkway leading to the recently added front portico. It continues throughout the home, which features gleaming hardwood floors, remodeled master bath, two fireplaces, new high-efficient Lennox HVAC (2019) and Bradford White gas water heater replaced in 2018. The totally remodeled kitchen boasts new cabinetry, appliances, (including a convenient faucet over the stove), marble counters, with matching workstation, a skylight, and a garden window. The basement offers a great teen-retreat space, while the back fenced yard with its spacious screened porch are perfect for relaxing and entertaining on those warm summer nights. They say the first three rules of real estate is location, location, location. Well, not only is the setting of this home perfect, with its mature trees, well maintained homes, on generous lots. Its proximity to the University of Delaware and Main Street will put you close to fine dining, as well as the excitement and energy of a college town. This home is also located in the Newark Charter feeder pattern! More photos to come!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Wood
  • Fireplace Features: Brick, Gas/Propane, Wood
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Levels Count: 1
  • Room Count: 8
  • Room List: Screened Porch
  • Basement: Yes
  • Basement Type: Full, Partially Finished
  • Living Area Units: Square Feet
  • Total Sq Ft: 2275
  • Living Area Sq Ft: 2275
  • Price Per Sq Ft: 164.84
  • Above Grade Finished Sq Ft: 2275
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 500

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Vinyl Siding
  • Exterior Features: Sidewalks
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: CHRISTINA
  • Elementary School: DOWNES
  • Middle School: SHUE-MEDILL
  • High School: NEWARK
  • School District Key: 300200396890
  • School District Source: Listing Agent
  • Elementary School: DOWNES
  • High School: NEWARK
  • Middle Or Junior School: SHUE-MEDILL

Lot Info

  • Land Lease: No
  • Lot Size Acres: 0.29
  • Lot Dimensions: 122' x 98'
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12632.00
  • Property Condition: Very Good
  • Zoning: 18RS
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 2370174
  • Tax Annual Amount: 3735.00
  • Assessor Parcel Number: 18-018.00-423
  • Tax Year: 2020
  • Close Date: 10/30/2020

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2020
Closed on
Oct 27, 2020
Sold by
Weyl Megan M
Bought by
Murphy Patricia K
Seller's Agent
Mike Canning
Compass
Buyer's Agent
Mary Kate Johnston
RE/MAX Associates - Newark
List Price
$359,900
Sold Price
$375,000
Premium/Discount to List
$15,100
4.2%
Current Estimated Value
$560,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,766
Avg. Annual Appreciation
7.93%
Original Mortgage
$300,000
Outstanding Balance
$268,037
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$275,675

Purchase Details

Closed on
Oct 29, 2010
Sold by
Mccarthy Peter J and Stewart Anne M
Bought by
Weyl Megan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.35%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Murphy Patricia K $375,000 None Available
Weyl Megan M $290,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murphy Patricia K $300,000
Previous Owner Weyl Megan M $194,500
Previous Owner Weyl Megan M $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2020 10/30/20 Sold $375,000 0.0% $165 / Sq Ft
09/25/2020 09/25/20 Pending -- -- --
09/25/2020 09/25/20 Price Changed $375,000 +4.2% $165 / Sq Ft
09/24/2020 09/24/20 For Sale $359,900 -- $158 / 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 $3,327 $89,800 $19,700 $70,100
2023 $3,247 $89,800 $19,700 $70,100
2022 $3,213 $89,800 $19,700 $70,100
2021 $3,130 $89,800 $19,700 $70,100
2020 $3,040 $89,800 $19,700 $70,100
2019 $2,665 $89,800 $19,700 $70,100
2018 $13,802 $89,800 $19,700 $70,100
2017 $690 $89,200 $19,700 $69,500
2016 $2,502 $89,200 $19,700 $69,500
2015 $2,243 $89,200 $19,700 $69,500
2014 $2,242 $89,200 $19,700 $69,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC509122

Bright MLS

APN: 18-018.00-423