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415 Terra Drive

415 Terra Drive, Newark, DE 19702
Property in Adam's Run
Sold Nov 03, 2014
$360,000
$263,967 by Better Mortgage Corporation
Mortgage Due Jul 01, 2034
Sold Dec 02, 2002
$262,000
$209,600 by Gilpin Financial Services Inc
Mortgage Due Dec 01, 2032
415 Terra Drive in Newark, DE was first built in 1998 and is 26 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a colonial style. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 415 Terra Drive has 2,817 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,000 ft and the linear feet between the front and back of the lot is 2,200. In total, the area measurement of the land is 22,216 square feet.

Learn more about the property and building on this page. The home has a hip style roof made of asphalt. The property is connected to a sewer system. For those who need parking, there is a attached garage. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 415 Terra Drive was last sold in Oct 31, 2014 for $360,000. According to our calculations, that's $127.80 per sqft. Prior to that sales transaction, the property was sold for $262,000 in Nov 27, 2002. Current property owners are expected to pay $4,151 in taxes per year. The property on 415 Terra Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $111,800. To break that down further, the land itself was valued at $15,300. While improvements to the property were assessed at a total of $96,500. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Colonial
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 22,216
  • Lot Size Depth Feet: 2,200
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,817
  • Gross Building Area: 2,817
  • Building Area: 2,817
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,817
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ADAMS RUN SEC 1
  • Land Acres: 0.51
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Pipeline or right-of-way

Ownership

  • Current Owner : KERMAN STATE BANK THOMAS
  • Current Owner 2: KENNEDY CAROLYN
  • Previous Owner : DUNCAN WAYNE S
  • Owner Before Previous Owner: NOVAK EUGENE
  • Owner Before Previous Owner 2: NOVAK SUSAN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Appoquinimink School District
  • School Tax School District: TRS5
  • Census Tract: 014811

Zoning

  • Zoning: NC21

Geography

  • Assessors Map Reference: 11-036
  • District: 11
  • Parcel: 11-036.20-028
  • Lot: 34
  • Municipality: PENCADER HUNDRED
  • Latitude: 39.5851
  • Longitude: -75.7535

    Address

  • Full Address: 415 Terra Dr
  • Address - House Number: 415
  • Address - Street Name: Terra
  • Address - Suffix Type: Dr
  • State: DE
  • City Name: Newark
  • Carrier Code: R001
  • 4-Digit Zip Code: 4637
  • Zip Code: 19702

Valuation

    Tax

  • Total Area: 3,125
  • Tax Year: 2023
  • Tax Amount: $4,151
  • Tax Rate Code Area: LC06;TRS5;

    Appraisal Valuation

  • Standard Deviation: 0.1951
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 74
  • Final Value: 607,677
  • High Value: 726,237
  • Low Value: 489,117

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $263,967
  • First Open Lien Mortgage Lender: BETTER MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Sep 25, 2019
  • First Open Lien Mortgage Loan Amount: $263,967
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2034

    Market Valuation

  • Market Total Value: $437,850

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $111,800
  • Assessed Land Value: $15,300
  • Assessed Improvements Value: $96,500

    Sales

  • Current Sale Contract Date: Oct 31, 2014
  • Current Sale Recording Date: Nov 03, 2014
  • Current Sale Transaction ID: 1066142114
  • Current Sale Price: $360,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 20141103-0049434
  • Previous Sale Recording Date: Dec 02, 2002
  • Previous Sale Contract Date: Nov 27, 2002
  • Previous Sale Amount: $262,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MERIDIAN BANK
  • First Mortgage Transaction Date: Nov 03, 2014
  • First Mortgage Loan Amount: $288,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Nov 01, 2044

    Previous Mortgages

  • Previous Mortgage Lender: GILPIN FINANCIAL SERVICES INC
  • Previous Mortgage Transaction Date: Dec 02, 2002
  • Previous Mortgage Loan Amount: $209,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Dec 01, 2032

About Adam's Run



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Frequently Asked Questions

What neighborhood is 415 Terra Drive located in?
The 415 Terra Drive is a located in the neighborhood of Adam's Run in Adam's Run, Newark.
What is the average sales price for listings in 415 Terra Drive?
The average sales price for units in 415 Terra Drive is $0 currently.

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