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$425,000

Beds
3
Baths
2.0
sq ft
1,425

2914 Frazer Rd, Newark, DE 19702

2914 Frazer Rd

NEWARK, DE 19702

  • 36 days on market
Welcome to this beautifully remodeled ranch in the highly coveted Appoquinimink School District! Nestled on nearly half an acre of serene land above the canal, this home is a true gem, fully renovated in 2021 to offer modern living at its finest. Step inside to discover an open-concept living room and kitchen adorned in contemporary colors and finishes, perfect for hosting gatherings or cozy nights in. The kitchen boasts wall-to-wall cabinets, sleek GE appliances (all new in 2022), and thoughtful design that maximizes both style and functionality. With new flooring, paint, windows, siding, HVAC, and AC, every corner of this home has been meticulously upgraded. Outside, you’ll find your personal retreat: a spacious backyard bordered by a creek, forest, and open grass, offering privacy and tranquility. The newly added concrete patio is perfect for outdoor entertaining on crisp evenings, and a matching 10x20 shed (added in 2022) provides ample storage. A generously sized driveway ensures plenty of room for RVs, boats, or trucks, making this home ideal for CDL holders. Enjoy the peace of mind that comes with a brand-new septic system installed in 2024, complete with a one-year labor and parts warranty and a two-year maintenance plan. The exterior upgrades also include a freshly paved driveway, enhancing the curb appeal and creating a welcoming entrance. Located just minutes from People’s Plaza, I-95, the University of Delaware, and the DE/MD state line, this home combines the best of convenience and charm. Whether you're starting a family or seeking a quiet escape, this property has it all. This home is being sold as-is, but with all major updates already completed—including the brand-new septic—it's move-in ready and waiting for you. Don’t miss out on this rare opportunity to own a fully updated home in a top-rated school district. Schedule your tour today and make this dream home yours! Agent Notes: 1. Seller is including all furniture with the sale of the home as is seen. 2. Front left side of the entrance has soil settling from the new Septic System installation. Septic Company will address in the spring as part of their 2 year maintenance warranty. 3. Seller will remove the contents from the shed upon Settlement. 4. Backyard will be cleaned beside the wood logs.

Details

Property type

Single Family Residence

Est. home value

$292,322

Lot size

0.41 acres

Price per sq ft

$299

Year built

1976

Annual property taxes

$1,669

HOA

No

Price History

12/18/2024
Bright

Bright #DENC2070080

Listed
$425,000
+117.95%
02/10/2021
Bright

Bright #DENC511710

Sold
$195,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

APPOQUINIMINK

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

$162,584
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$228,416
Cash to seller
$162,584

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

Seller’s Loan History

Lender

Community Powered Fcu

Loan start date

October 2021

Original loan amount

$245,000

Est. remaining balance

$228,416

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Hammad N Mehmood

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: 12/22/2024 at 12:10 AM

Listing updated: 12/20/2024 at 1:14 PM

Listed by: Katina Geralis, EXP Realty, LLC Phone #: (888) 543-4829

MLS: Bright #DENC2070080

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