NOT LISTED FOR SALE

533 Arrowgrass Ln New Castle, DE 19720

Estimated Value: $476,000 - $627,000

2 Beds
2 Baths
1,878 Sq Ft
$286/Sq Ft Est. Value

Last Sold March 13, 2024

Last sale price $502,270 $267 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,982/month

Highlights

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

About This Home

As of March 2024

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 License #RA-0031136 Listed on: 09/21/2023

Last Buyer's Agent

Nicole Strahorn

(410) 920-1180 nicole@greggteam.com Gregg Team Realty License #RA-0031136 Listed on: 09/21/2023

Townhouse Details

Home Type

  • Townhome

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

  • New Construction
  • 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 21-016.00-034

Community Details

Overview

  • Active Adult
  • $250 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

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
  • Automatically Close On Close Date: No
  • 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: 262.12
  • 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: 250.00

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: 21-016.00-034
  • Tax Year: 2022

MLS Schools

  • School District Name: COLONIAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2023
Closed on
Mar 13, 2024
Sold by
Tricorner-Gemcraft Homes Llc
Bought by
Walls Kevin M and Walls Claudette
Seller's Agent
Nicole Strahorn
Gregg Team Realty
Buyer's Agent
Nicole Strahorn
Gregg Team Realty
List Price
$492,270
Sold Price
$502,270
Premium/Discount to List
$10,000
2.03%
Views
7
Current Estimated Value
$536,813

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,543
Avg. Annual Appreciation
3.62%
Original Mortgage
$419,650
Outstanding Balance
$409,156
Interest Rate
5%
Mortgage Type
VA
Estimated Equity
$127,657

Purchase Details

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Walls Kevin M -- None Listed On Document
Tricorner-Gemcraft Homes Llc -- None Listed On Document
Freedom Development Llc $6,200,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walls Kevin M $419,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2024 03/13/24 Sold $502,270 +2.0% $267 / Sq Ft
09/21/2023 09/21/23 Pending -- -- --
09/21/2023 09/21/23 For Sale $492,270 -- $262 / 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 --
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

  • Nicole Strahorn

    Seller's Agent in 2024

    Nicole Strahorn

    Gregg Team Realty

    (410) 920-1180

    52 in this area

    129 Total Sales

    Nicole Strahorn
    Section Image
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Map

Source: Bright MLS

MLS Number: DENC2049684

Bright MLS

APN: 21-016.00-065

Delaware New Castle County New Castle 19720

533 Arrowgrass Ln, New Castle, DE

Not Listed for Sale

Townhouses

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