NOT LISTED FOR SALE

7142 Arcadia Cir Newark, MD 21841

Estimated Value: $311,490 - $338,000

3 Beds
2 Baths
1,352 Sq Ft
$238/Sq Ft Est. Value

Last Sold May 15, 2020

Last sale price $200,900 $149 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $1,945/month

23 Days on Market

Highlights

  • New Construction
  • Rambler Architecture
  • Open Floorplan
  • Snow Hill Elementary School Rated A
  • Attic
  • Walk-In Closet

About This Home

As of May 2020

View this home virtually by pasting this link in your browser:https://my.matterport.com/show/?m=1a1Y4oWMgeK&mls=1Move-in-ready new construction at an affordable price in Worcester County! Great location in Newark, Maryland, just 6 miles from Berlin, 10 miles from Snow Hill and 15 minutes to Ocean City area. Home is in the appealing Arcadia Village development offering public water and sewer, yet no city taxes!! Ranch style offers 1352 square feet and 3 bedrooms/2 baths with one-story living. Open floor plan offers kitchen with large center island that opens to spacious living room. Plus enjoy an eat-in kitchen dining area with slider leading to side yard, and there is a side door that would lead to a future garage addition. Space for approximate 20x20 garage in future. Master bedroom offers good sized walk-in closet and large master bath with double sink vanity and linen closet. Attic pull down stairs. Spacious laundry room. Homeowners association just $200 per year. Modular construction by Eagle River Homes and qualifies for many "low to no" money down mortgage options such as FHA and USDA loans. Open house on Saturdays starting February 1st from 10 am to noon.

Last Agent to Sell the Property

Lauren Bunting

Keller Williams Realty Delmarva License #581537 Listed on: 01/23/2020

Keller Williams Realty Delmarva

Last Buyer's Agent

Jeff Chapman

Long & Foster Real Estate, Inc. License #589275

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Modular Prefabricated Home

Est. Annual Taxes

  • $1,654

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 7,750 Sq Ft Lot

HOA Fees

  • $17 Monthly HOA Fees

Home Design

  • Rambler Architecture
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,352 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Window Treatments
  • Open Floorplan
  • Attic

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • Driveway
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Water Heater

Community Details

  • Association fees include common area maintenance
  • Arcadia Village Homeowners Association
  • Arcadia Village Subdivision

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 04-010493

Property Details

Home Type

Modular Prefabricated Home

Est. Annual Taxes

$1,654

Year Built

Built in 2019 | New Construction

Lot Details

0

HOA Fees

$17 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler, Modular/Pre-Fabricated
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2019
  • Remarks Public: View this home virtually by pasting this link in your browser:https://my.matterport.com/show/?m=1a1Y4oWMgeK&mls=1Move-in-ready new construction at an affordable price in Worcester County! Great location in Newark, Maryland, just 6 miles from Berlin, 10 miles from Snow Hill and 15 minutes to Ocean City area. Home is in the appealing Arcadia Village development offering public water and sewer, yet no city taxes!! Ranch style offers 1352 square feet and 3 bedrooms/2 baths with one-story living. Open floor plan offers kitchen with large center island that opens to spacious living room. Plus enjoy an eat-in kitchen dining area with slider leading to side yard, and there is a side door that would lead to a future garage addition. Space for approximate 20x20 garage in future. Master bedroom offers good sized walk-in closet and large master bath with double sink vanity and linen closet. Attic pull down stairs. Spacious laundry room. Homeowners association just $200 per year. Modular construction by Eagle River Homes and qualifies for many "low to no" money down mortgage options such as FHA and USDA loans. Open house on Saturdays starting February 1st from 10 am to noon.
  • Special Features: 4098
  • Property Sub Type: MobileManufactured

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Exhaust Fan, Oven/Range - Electric, Water Heater
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Attic, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Combination Kitchen/Living, Pantry, Walk-In Closet(s), Window Treatments
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1352
  • Living Area Sq Ft: 1352
  • Price Per Sq Ft: 151.55
  • Above Grade Finished Sq Ft: 1352
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7142

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • 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
  • Construction Completed: Yes
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway
  • Type Of Parking: Driveway, Off Street, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 200.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance
  • HOA Name: ARCADIA VILLAGE HOMEOWNERS ASSOCIATION
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • School District Key: 121138066543
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 011
  • Lot Size Acres: 0.18
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7750.00
  • Year Assessed: 2019
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5393321
  • Tax Annual Amount: 1654.00
  • Assessor Parcel Number: 04-010493
  • Tax Lot: 22
  • Tax Total Finished Sq Ft: 1352
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 05/15/2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2020
Closed on
May 15, 2020
Sold by
Utr Ventures Llc
Bought by
Lynch Kyle M
Seller's Agent
Lauren Bunting
Keller Williams Realty Delmarva
Buyer's Agent
Jeff Chapman
Long & Foster Real Estate, Inc.
List Price
$204,900
Sold Price
$200,900
Premium/Discount to List
-$4,000
-1.95%
Current Estimated Value
$322,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,717
Avg. Annual Appreciation
9.43%
Original Mortgage
$180,810
Outstanding Balance
$160,922
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$161,451

Purchase Details

Closed on
Apr 25, 2019
Sold by
Arcadia Development Llc
Bought by
Utr Ventures Llc
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Lynch Kyle M $200,900 None Available
Utr Ventures Llc $240,000 Resort Land T&E Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lynch Kyle M $180,810
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2020 05/15/20 Sold $200,900 -2.0% $149 / Sq Ft
03/23/2020 03/23/20 For Sale $204,900 0.0% $152 / Sq Ft
02/15/2020 02/15/20 Pending -- -- --
01/23/2020 01/23/20 For Sale $204,900 -- $152 / 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
2025 $2,043 $267,400 $59,400 $208,000
2024 $2,043 $236,967 $0 $0
2023 $1,968 $206,533 $0 $0
2022 $1,678 $176,100 $59,400 $116,700
2021 $1,675 $175,000 $0 $0
2020 $1,664 $173,900 $0 $0
2019 $434 $45,400 $45,400 $0
2018 $428 $45,400 $45,400 $0
2017 $430 $45,400 $0 $0
2016 -- $45,400 $0 $0
2015 $320 $45,400 $0 $0
2014 $320 $45,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO111540

Bright MLS

APN: 04-010493