NOT LISTED FOR SALE

557 Salem Church Rd Newark, DE 19702

Estimated Value: $241,000 - $467,000

2.25 Acres
$172,461 Price per Acre
98,010 Sq Ft Lot

Last Sold July 25, 2022

Last sale price $150,000

Est. 159% increase in value since last sale

Current estimated payment $2,270/month

147 Days on Market

About This Lot

As of July 2022

GORGEOUS 2.24 ACRE APPROVED BUILDING LOT AVAILABLE... This flat, beautiful building lot has been through the County Subdivision process and is ready to be built on... . non development, partially wooded & extending down to the Christina River. This lot to be serviced by public utilities. No builder tie-in, bring your plans & builder... great location just outside of downtown Newark & close to I-95.

Last Agent to Sell the Property

Timothy Lukk

(302) 367-8310 tlukk@remax.net VRA Realty Listed on: 11/22/2021

Last Buyer's Agent

Ingram Foster

(302) 563-4643 ifosterbrg@gmail.com Bryan Realty Group License #RS0036412

Property Details

Property Type

  • Land

Lot Details

  • 2.25

Additional Features

  • 2.25 Acre Lot
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 09-040.00-047

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Residential
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 1.79

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Hook/Up Avail
  • Water Source: Public Hook-Up Available

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 2.25
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 98010.00
  • Zoning: RESIDENTIAL
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2304368
  • Assessor Parcel Number: 09-040.00-047
  • Tax Year: 2021

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2021
Closed on
Jul 6, 2022
Sold by
Jason Suppe
Bought by
Fuchs John Colby and Fisher Kyles Lynn
Seller's Agent
Timothy Lukk
VRA Realty
Buyer's Agent
Ingram Foster
Bryan Realty Group
List Price
$250,000
Sold Price
$150,000
Premium/Discount to List
-$100,000
-40%
Current Estimated Value
$388,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,038
Avg. Annual Appreciation
32.58%
Original Mortgage
$120,000
Outstanding Balance
$114,746
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$273,292

Purchase Details

Listed on
Nov 22, 2021
Closed on
Jun 28, 2022
Sold by
Suppe Robert C
Bought by
Suppe Jason and Suppe Matthew
Seller's Agent
Timothy Lukk
VRA Realty
Buyer's Agent
Ingram Foster
Bryan Realty Group
List Price
$250,000
Sold Price
$150,000
Premium/Discount to List
-$100,000
-40%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Outstanding Balance
$114,746
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$273,292

Purchase Details

Closed on
Jul 26, 2002
Sold by
Magness Donald L and Gray Magness A
Bought by
Suppe Mareen A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Fuchs John Colby $150,000 Wolfe & Associates Llc
Suppe Jason -- Wolfe & Associates Llc
Suppe Mareen A $1,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fuchs John Colby $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2022 07/25/22 Sold $150,000 -14.3% --
04/18/2022 04/18/22 Pending -- -- --
02/03/2022 02/03/22 Price Changed $175,000 -12.5% --
12/01/2021 12/01/21 Price Changed $199,900 -20.0% --
11/22/2021 11/22/21 For Sale $250,000 -- --
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 $2,747 $64,500 $2,300 $62,200
2023 $95 $2,300 $2,300 $0
2022 $95 $2,300 $2,300 $0
2021 $4 $100 $100 $0
2020 $4 $100 $100 $0
2019 $3 $100 $100 $0
2018 $3 $100 $100 $0
2017 $3 $100 $100 $0
2016 $3 $100 $100 $0
2015 $3 $100 $100 $0
2014 $3 $100 $100 $0
Source: Public Records

Agents Affiliated with this Home

  • Timothy Lukk

    Seller's Agent in 2022

    Timothy Lukk

    VRA Realty

    (302) 367-8310

    3 in this area

    48 Total Sales

    Timothy Lukk
    Section Image
  • Ingram Foster

    Buyer's Agent in 2022

    Ingram Foster

    Bryan Realty Group

    (302) 563-4643

    2 in this area

    65 Total Sales

    Ingram Foster
    Section Image
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Map

Source: Bright MLS

MLS Number: DENC2010940

Bright MLS

APN: 09-040.00-047

Delaware New Castle County Newark 19702

557 Salem Church Rd, Newark, DE

Not Listed for Sale

Lots

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