NOT LISTED FOR SALE

603 Waters Edge Dr Unit 603 Newark, DE 19702

Estimated Value: $208,000 - $248,000

2 Beds
2 Baths
-- Sq Ft
$260/mo HOA Fee

Last Sold September 02, 2021

Last sale price $173,000

Est. 30% increase in value since last sale

Current estimated payment $1,615/month

Highlights

  • 15 Feet of Waterfront
  • Water Oriented
  • Clubhouse
  • Fitness Center
  • Community Lake
  • Deck

About This Home

As of September 2021

Water's Edge Condominiums are conveniently located near I-95 and 10 minutes from the University of Delaware and downtown Newark, DE. The three man made ponds create an inviting atmosphere where fish, ducks, and other wildlife can be seen.

Before entering 603 Waters Edge Dr, you will appreciate that it is on the main level with only three steps to enter the condo. Once inside, the open living room/dining room creates a large area to spend your time. New light fixtures and fans have been added to every room. From the living room, the sliding glass door leads to your private deck that overlooks the pond and has great views!

The kitchen has a pass through to the dining room which gives the condo a more open feeling. The kitchen has granite countertop and a new refrigerator. As you enter the bedrooms, you will be drawn to the water views from every window. There is a full hall bathroom and an owners bathroom, both with updated flooring.

The condo has been freshly painted and is ready for the new owner

Last Agent to Sell the Property

Christopher Black

BHHS Fox & Roach - Hockessin License #652222 Listed on: 07/29/2021

BHHS Fox & Roach - Hockessin

Last Buyer's Agent

SHARON WHITE

Patterson-Schwartz - Greenville

Patterson-Schwartz - Greenville

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,462

Year Built

  • Built in 1991

Lot Details

  • 15 Feet of Waterfront
  • South Facing Home

HOA Fees

  • $260 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Vinyl Siding

Interior Spaces

  • Property has 1 Level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Parking

  • 100 Open Parking Spaces
  • 100 Parking Spaces
  • Parking Lot
  • Parking Permit Included

Outdoor Features

  • Water Oriented
  • Property is near a pond
  • Deck

Schools

  • Brader Elementary School
  • Gauger-Cobbs Middle School
  • Glasgow High School

Utilities

  • 90% Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 048.C.0074
  • Assessor Parcel Number 11-017.00-048.C.0074

Community Details

Overview

  • $520 Capital Contribution Fee
  • Association fees include pool(s), trash, water, sewer, snow removal, parking fee, management, common area maintenance
  • Low-Rise Condominium
  • Waters Edge Condo Association Condos
  • Waters Edge Subdivision
  • Property Manager
  • Community Lake

Amenities

  • Picnic Area
  • Clubhouse
  • Party Room

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,462

Year Built

Built in 1991

Lot Details

0

HOA Fees

$260 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • Inclusions: Refrigerator, Washer, Dryer
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-07-29
  • 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
  • Laundry Type: Main Floor, Dryer In Unit
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 603

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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: Vinyl Siding
  • Water Access: No
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No
  • Water Frontage In Feet: 15

Garage/Parking

  • Garage: No
  • Parking Features: Permit Included
  • Total Garage And Parking Spaces: 100
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 100

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 260.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Waters Edge Condo Association
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Picnic Area, Club House, Exercise Room, Lake, Party Room
  • HOA Condo Co-Op Fee Includes: Pool(s), Trash, Water, Sewer, Snow Removal, Parking Fee, Management, Common Area Maintenance
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 520.00

Schools

  • School District: CHRISTINA
  • Elementary School: BRADER
  • Middle School: GAUGER-COBBS
  • High School: GLASGOW
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 300200396890
  • School District Source: 3rd Party
  • Elementary School: BRADER
  • High School: GLASGOW
  • Middle Or Junior School: GAUGER-COBBS

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2020
  • 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: 1154.00
  • Tax Annual Amount: 1462.00
  • Assessor Parcel Number: 11-017.00-048.C.0074
  • Tax Lot: 048.C.0074
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 09/02/2021

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2021
Closed on
Sep 2, 2021
Sold by
Hovis Barrie D
Bought by
Patel Paresh H and Patel Binitaben P
Seller's Agent
Christopher Black
BHHS Fox & Roach - Hockessin
Buyer's Agent
SHARON WHITE
Patterson-Schwartz - Greenville
List Price
$165,000
Sold Price
$173,000
Premium/Discount to List
$8,000
4.85%
Current Estimated Value
$224,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,443
Avg. Annual Appreciation
5.70%
Original Mortgage
$135,000
Outstanding Balance
$124,005
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$91,446

Purchase Details

Listed on
Feb 14, 2014
Closed on
May 21, 2014
Sold by
Vasquez Juan
Bought by
Hovis Jack G and Hovis Barrie D
Seller's Agent
Ovidio Lopez
RE/MAX Associates
Buyer's Agent
Shawn Lanouette
PRS Real Estate Group
List Price
$99,000
Sold Price
$86,000
Premium/Discount to List
-$13,000
-13.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.06%

Purchase Details

Closed on
Apr 30, 2003
Sold by
Broadwater Gladys H and Peterson Gladys
Bought by
Vasquez Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,852
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2001
Sold by
Boulden Cindy M
Bought by
Broadwater Gladys H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,520
Interest Rate
7.14%
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
Patel Paresh H $173,000 None Available
Hovis Jack G $86,000 None Available
Vasquez Juan $91,600 --
Broadwater Gladys H $81,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Paresh H $135,000
Previous Owner Vasquez Juan $88,852
Previous Owner Broadwater Gladys H $65,520
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2021 09/02/21 Sold $173,000 +4.8% --
07/30/2021 07/30/21 Pending -- -- --
07/29/2021 07/29/21 For Sale $165,000 +91.9% --
05/21/2014 05/21/14 Sold $86,000 -4.3% --
05/07/2014 05/07/14 Pending -- -- --
04/14/2014 04/14/14 Price Changed $89,900 -9.2% --
02/14/2014 02/14/14 For Sale $99,000 -- --
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 $1,580 $37,100 $6,800 $30,300
2023 $1,536 $37,100 $6,800 $30,300
2022 $1,533 $37,100 $6,800 $30,300
2021 $1,501 $37,100 $6,800 $30,300
2020 $1,462 $37,100 $6,800 $30,300
2019 $85 $37,100 $6,800 $30,300
2018 $50 $37,100 $6,800 $30,300
2017 $1,210 $37,100 $6,800 $30,300
2016 $1,210 $37,100 $6,800 $30,300
2015 -- $37,100 $6,800 $30,300
2014 $1,102 $37,100 $6,800 $30,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2003178

Bright MLS

APN: 11-017.00-048.C-0074