$431,576
SOLD AUG 15, 2025

520 Arrowgrass Ln New Castle, DE 19720

2 Beds
2 Baths
1,878 Sq Ft
$195/mo HOA Fee

Recently Sold

$230 Per Sq Ft

11% Below List Price

196 Days on Market

Highlights

  • Bar or Lounge
  • New Construction
  • Gated Community
  • Fitness Center
  • Active Adult
  • Colonial Architecture

About This Home

As of August 2025

Quick Delivery home built by Gemcraft Homes. The Magnolia II villa features 2 bedrooms, 2 baths with the option of adding 2 additional bedrooms and 1 additional bath upstairs. Amenities for HOA include: Outdoor Deck, Great Room, Sports Bar, Fitness Center, Indoor Pool, Gathering Room, Craft Room, Library, and Large Community Kitchen. Common area maintenance, lawn care, trash pick-up, snow removal and mulch (1x a year) all included in HOA fees. 198 home community. *Photos shown may have upgrades that are optional and are used for marketing purposes.

Last Agent to Sell the Property

Nicole Strahorn

(410) 920-1180 nicole@greggteam.com Gregg Team Realty Listed on: 01/16/2025

Last Buyer's Agent

William Sladek

(302) 494-8100 Bill@DEnewhomes.com Redfin Corporation License #RS-0017340

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $100

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 4,356 Sq Ft Lot
  • Property is in excellent condition

HOA Fees

  • $195 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Blown-In Insulation
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Stick Built Home
  • CPVC or PVC Pipes

Interior Spaces

  • 1,878 Sq Ft Home
  • Property has 2 Levels
  • Ceiling height of 9 feet or more
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

Utilities

  • 90% Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number NO TAX ID

Community Details

Overview

  • Active Adult
  • $1,500 Capital Contribution Fee
  • Association fees include cable TV, common area maintenance, health club, lawn maintenance, pool(s), recreation facility, road maintenance, snow removal, trash
  • $50 Other Monthly Fees
  • Active Adult | Residents must be 55 or older
  • Built by GEMCRAFT HOMES
  • Riverbend Subdivision, Magnolia II Elev. A Floorplan

Amenities

  • Clubhouse
  • Billiard Room
  • Community Center
  • Meeting Room
  • Party Room
  • Community Library
  • Recreation Room
  • Bar or Lounge
  • Elevator

Recreation

  • Fitness Center
  • Community Indoor Pool

Security

  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$100

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$195 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Main, Upper 1
  • Year Built: 2024
  • Automatically Close On Close Date: Yes
  • Special Features: NewHome
  • Property Sub Type: Townhouses

Interior Features

  • Wall Ceiling Types: Dry Wall, 9'+ Ceilings
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 1878
  • Living Area Sq Ft: 1878
  • Price Per Sq Ft: 228.91
  • Above Grade Finished Sq Ft: 1878
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • 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
  • Construction Materials: Blown-In Insulation, Concrete, Cpvc/Pvc, Glass, Stick Built, Vinyl Siding
  • Construction Completed: No
  • Roof: Shingle
  • 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 - 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
  • Heating Fuel: Propane - Leased
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 195.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Bar/Lounge, Billiard Room, Club House, Community Center, Elevator, Exercise Room, Fitness Center, Gated Community, Library, Meeting Room, Party Room, Pool - Indoor, Recreational Center, Retirement Community, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Cable Tv, Common Area Maintenance, Health Club, Lawn Maintenance, Pool(s), Recreation Facility, Road Maintenance, Snow Removal, Trash
  • HOA: Yes
  • Senior Community Age Requirement: 55
  • Senior Community: Yes

Fee Information

  • Other Fees: 600.00
  • Other Fees Frequency: Annually
  • Capital Contribution Fee: 1500.00

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4356.00
  • Property Condition: Excellent
  • Zoning: R
  • In City Limits: No

Building Info

  • Builder Name: GEMCRAFT HOMES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: NO TAX ID
  • Tax Year: 2023

MLS Schools

  • School District Name: COLONIAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2025
Closed on
Aug 15, 2025
Sold by
Mh Realty Investments Llc
Bought by
Spina Gary H and Spina Annette M
Seller's Agent
Nicole Strahorn
Gregg Team Realty
Buyer's Agent
William Sladek
Redfin Corporation
List Price
$484,990
Sold Price
$431,576
Premium/Discount to List
-$53,414
-11.01%
Views
60
Current Estimated Value
$424,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,909
Avg. Annual Appreciation
2.10%
Original Mortgage
$345,261
Outstanding Balance
$344,359
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$89,641

Purchase Details

Listed on
Jan 16, 2025
Closed on
Jun 25, 2025
Sold by
Tricorner Gemcraft Homes Llc
Bought by
Mh Realty Investments Llc
Seller's Agent
Nicole Strahorn
Gregg Team Realty
Buyer's Agent
William Sladek
Redfin Corporation
List Price
$484,990
Sold Price
$431,576
Premium/Discount to List
-$53,414
-11.01%
Views
60

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,261
Outstanding Balance
$344,359
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$89,641

Purchase Details

Closed on
Mar 26, 2021
Sold by
Route 9 Old New Castle Llc
Bought by
Freedom Development Llc

Purchase Details

Closed on
Jun 1, 2012
Sold by
Route 9 Old New Castle Llc
Bought by
Route 9 Old New Castle Llc
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 Type Sale Price Title Company
Deed $431,576 None Listed On Document
Deed $475,990 None Listed On Document
Deed -- None Listed On Document
Special Warranty Deed $6,200,000 None Available
Sheriffs Deed $4,500,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $345,261 New Conventional
Previous Owner $333,666 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2025 08/15/25 Sold $431,576 +0.4% $230 / Sq Ft
07/31/2025 07/31/25 Pending -- -- --
06/12/2025 06/12/25 Price Changed $429,888 -3.4% $229 / Sq Ft
05/24/2025 05/24/25 Price Changed $444,888 -2.2% $237 / Sq Ft
03/27/2025 03/27/25 Price Changed $454,888 -6.2% $242 / Sq Ft
01/16/2025 01/16/25 For Sale $484,990 -- $258 / 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 $100 $3,500 $3,500 $0
2023 $91 $3,500 $3,500 $0
2022 $94 $3,500 $3,500 $0
2021 $93 $3,500 $3,500 $0
2020 $0 $3,500 $3,500 $0
2019 $0 $3,500 $3,500 $0
2018 $0 $3,500 $3,500 $0
2017 -- $3,500 $3,500 $0
2016 -- $3,500 $3,500 $0
2015 -- $3,500 $3,500 $0
2014 $76 $3,500 $3,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2074666

Bright MLS

APN: 21-016.00-032