tomo logo

$598,900

Beds
4
Baths
2.5
sq ft
2,363

1664 Otts Chapel Rd, Newark, DE 19702

1664 Otts Chapel Rd

NEWARK, DE 19702

  • 93 days on market
Build your dream home in Delaware with Schaeffer Homes to be built On Your Lot program. Featured here is the Ravello floor plan, starting at 4 Beds, 2.5 Bath. Pictures and virtual tour are of the same base model with upgraded options shown. Other Schaeffer Floor Plans are available to be built on this homesite. The homesite is listed for $150,000, the home is $288,900, and the estimate for land development cost is $160,000. Land development cost can be more or less than $160,000. Located within the 5 mile radius for Newark Charter School! Don't miss this opportunity to build your custom dream home with Schaeffer Homes today! Contact listing agent for additional details.

Details

Property type

Single Family Residence

Est. home value

$134,335

Property condition

New Construction

Lot size

0.79 acres

Price per sq ft

$254

Year built

2024

Annual property taxes

$764

HOA

No

Price History

08/07/2024
Bright

Bright #DENC2066212

Listed
$598,900
+420.78%
07/14/2023
Bright

Bright #DENC2036608

Sold
$115,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

CHRISTINA

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$495,137
Asking price
$598,900
Closing costs (~8% of asking)
-$47,912
Est. remaining loan balance
-$55,851
Cash to seller
$495,137

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Meridian Bank

Loan start date

July 2023

Original loan amount

$92,000

Est. remaining balance

$55,851

Interest rate

6.57%

Loan type

New Conventional, 3 year

Seller

Festus K Rutto

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/08/2024 at 8:20 AM

Listing updated: 09/24/2024 at 12:17 AM

Listed by: Joshua Hutchinson, Long & Foster Real Estate, Inc. Phone #: (302) 234-1111

MLS: Bright #DENC2066212

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