NOT LISTED FOR SALE

503 Waters Edge Dr Unit 503 Newark, DE 19702

Estimated Value: $176,000 - $198,780

1 Bed
1 Bath
-- Sq Ft
$244/mo HOA Fee

Last Sold November 22, 2021

Last sale price $123,000

Est. 55% increase in value since last sale

Current estimated payment $1,390/month

18 Days on Market

Highlights

  • Colonial Architecture
  • Community Pool
  • 90% Forced Air Heating and Cooling System
  • Clubhouse
  • Picnic Area
  • Dogs and Cats Allowed

About This Home

As of November 2021

Welcome to 503 Waters Edge! Waters Edge Condominiums are located less than 10 minutes from downtown Newark, the University of Delaware, and minutes from I-95. This lovely 1 bedroom, 1 bathroom condo overlooks the ponds, fountain, and pool from its private deck. Upon entering the condo you will appreciate the open space providing by the living room - dining room combo and the pass through kitchen area. This space provides room for you entire family, friends or for yourself. The kitchen and bathroom have both been well maintained and upgraded in the past. Washer, dryer and refrigerator are included. The community includes an outdoor pool, community center, free trash, dog washing stations, and has lots of parking.

Last Agent to Sell the Property

Christopher Black

BHHS Fox & Roach - Hockessin License #652222 Listed on: 09/23/2021

BHHS Fox & Roach - Hockessin

Last Buyer's Agent

Marla Schechter

Patterson-Schwartz-Middletown

Patterson-Schwartz-Middletown

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,266

Year Built

  • Built in 1991

HOA Fees

  • $244 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • Property has 1 Level
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Lot

Utilities

  • 90% Forced Air Heating and Cooling System
  • Metered Propane
  • Bottled Gas Water Heater

Listing and Financial Details

  • Tax Lot 048.C.0064
  • Assessor Parcel Number 11-017.00-048.C.0064

Community Details

Overview

  • $488 Capital Contribution Fee
  • Association fees include pool(s), common area maintenance, trash, snow removal, exterior building maintenance
  • Low-Rise Condominium
  • Waters Edge Condo Association Condos
  • Waters Edge Subdivision
  • Property Manager

Amenities

  • Picnic Area
  • Clubhouse

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,266

Year Built

Built in 1991

Lot Details

0

HOA Fees

$244 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-09-23
  • Year Built: 1991
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 1
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 503

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Metered
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Bottled Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 244.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Waters Edge Condo Association
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Club House, Picnic Area
  • HOA Condo Co-Op Fee Includes: Pool(s), Common Area Maintenance, Trash, Snow Removal, Ext Bldg Maint
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 488.00

Schools

  • School District: CHRISTINA
  • School District Key: 300200396890
  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2021
  • Zoning: NCAP
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 1006.00
  • Tax Annual Amount: 1266.00
  • Assessor Parcel Number: 11-017.00-048.C.0064
  • Tax Lot: 048.C.0064
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 11/22/2021

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2021
Closed on
Nov 22, 2021
Sold by
Turner Daniel S and Turner Martha W
Bought by
Reno Betty S and Walsh Jessica
Seller's Agent
Christopher Black
BHHS Fox & Roach - Hockessin
Buyer's Agent
Marla Schechter
Patterson-Schwartz-Middletown
List Price
$125,000
Sold Price
$123,000
Premium/Discount to List
-$2,000
-1.6%
Current Estimated Value
$190,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,260
Avg. Annual Appreciation
8.41%
Original Mortgage
$104,550
Outstanding Balance
$97,117
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$69,814

Purchase Details

Closed on
Mar 15, 2004
Sold by
Howell & Sons Properties Llc
Bought by
Turner Daniel S and Turner Martha W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,800
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Reno Betty S $123,000 Krish Title Services Inc
Turner Daniel S $76,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reno Betty S $104,550
Previous Owner Turner Daniel S $60,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2021 11/22/21 Sold $123,000 -1.6% --
10/12/2021 10/12/21 Pending -- -- --
09/23/2021 09/23/21 For Sale $125,000 -- --
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 $1,333 $31,300 $5,900 $25,400
2023 $1,296 $31,300 $5,900 $25,400
2022 $1,293 $31,300 $5,900 $25,400
2021 $1,266 $31,300 $5,900 $25,400
2020 $1,233 $31,300 $5,900 $25,400
2019 $1,146 $31,300 $5,900 $25,400
2018 $299 $31,300 $5,900 $25,400
2017 $1,021 $31,300 $5,900 $25,400
2016 $1,021 $31,300 $5,900 $25,400
2015 $930 $31,300 $5,900 $25,400
2014 $930 $31,300 $5,900 $25,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2007610

Bright MLS

APN: 11-017.00-048.C-0064