INVESTOR ALERT! Here's a chance to own a portfolio of 10 properties that have performed consistently over 20+ years. This listing is part of a ten-property portfolio diversified across 3 categories: (6) College Rentals in excellent locations, (3) very high yield rooming houses and (1) Government Guaranteed rent, Section 8 housing with approx. 5 year long tenants. With the signed NDA and proof of funds Seller will show the property and give more information.
Property Details
Property Features
Property Information:
Architectural Style: Other
Year Built: 1900
Stories: 3
Living Area: 1,375 SqFt
Listing Office:
Office Name: Crown Homes Real Estate
Office Phone: (302) 504-6147
Listing Agent: Corey J Harris
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 2
Exterior Features
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot Size: 0.05 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: None
Other
Directions Information:
Directions: On Cleveland Ave
Price Information
Listing Price Info
Price Summary:
List Price: $6,630,000
Price Per SqFt: $4,822/SqFt
Tax Information:
Annual Amount: $952
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Newark, DE.
This property is $6.2M more than the Median Sold Price and $4.6K/SqFt more than other homes in Newark, DE.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #DENC2058632
Listing Office:
Office Name: Crown Homes Real Estate
Office Phone: (302) 504-6147
Listing Agent: Corey J Harris
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$33.1K
Per Month
Principal & Interest
$33K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$19.9K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
West Park Place Elementary School
193 W Park Pl
Distance between this listing and this school1.14 miles
Public District Grades KG-5
7
/10
Maclary (R. Elisabeth) Elementary School
300 Saint Regis Dr
Distance between this listing and this school1.30 miles
Public District Grades KG-5
6
/10
Downes (John R.) Elementary School
220 Casho Mill Rd
Distance between this listing and this school1.47 miles
Public District Grades KG-5
Nearby Schools
2
/10
Kirk (George V.) Middle School
140 Brennen Dr
Distance between this listing and this school2.28 miles
Public District Grades 6-8
2
/10
Shue-Medill Middle School
1500 Capitol Trl
Distance between this listing and this school2.46 miles
Public District Grades 6-8
5
/10
Las Americas Aspira Academy
326 Ruthar Dr
Distance between this listing and this school2.50 miles
Public Charter Grades KG-9
Nearby Schools
3
/10
Newark High School
750 E Delaware Ave
Distance between this listing and this school0.68 miles
Public District Grades 9-12
9
/10
Newark Charter School
200 McIntire Dr
Distance between this listing and this school3.07 miles
Public Charter Grades KG-12
5
/10
Christiana High School
190 Salem Church Rd
Distance between this listing and this school3.21 miles
The neighbors living near this home have an average income of $20,220. Most Newark, DE residents have annual incomes less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Living In Newark, DE
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What type of housing is available in Newark, DE?
Newark's housing market is diverse, offering a mix of single-family homes, apartments, and townhouses to accommodate various preferences. The architectural styles in Newark are eclectic, with a blend of contemporary, colonial, and ranch-style homes. A significant portion of the housing stock was developed in the late 20th century, reflecting a period of growth and expansion in the area.
Is Newark, DE a good place to live?
Newark is celebrated for its vibrant community spirit and cultural events, such as the Newark Film Festival and the annual Food and Brew Fest. The city prides itself on its blend of urban amenities and suburban comfort, creating an inviting atmosphere for both residents and visitors.
Are things conveniently located in Newark, DE?
The community benefits from a robust educational system, including a number of public and private schools that cater to various educational needs. Healthcare facilities in Newark are comprehensive, offering a range of services from primary care to specialized treatments. The city also features a selection of retail and dining options that showcase local flavors and cultures, with ongoing initiatives to enhance these services to meet the needs of its growing population.
What does the transportation in Newark, DE look like?
Newark's transportation infrastructure supports both private and public transit options, with a network of roads and highways that facilitate travel within and beyond the city. Public transportation services are available, providing connections to key areas. The city is also focused on improving walkability and bikeability, particularly in the downtown area, to promote a more sustainable and accessible environment for residents and commuters.
Frequently Asked Questions About 117 E Cleveland Ave
What is the listing price of this property?
The listing price of 117 E Cleveland Ave property is $6,630,000.
What type of property is this?
The property 117 E Cleveland Ave is a townhouse located in Newark, Delaware, 19711.
Is this property for sale now?
Active Listing: 117 E Cleveland Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $952 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 117 E Cleveland Ave has 2 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 117 E Cleveland Ave is 1,375 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 117 E Cleveland Ave is 1900.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 117 E Cleveland Ave in Newark, DE and zip code 19711. This 1,375 square foot home, which was built in 1900, sits on a 0.05 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $6,630,000.
Newark, DE housing market in November 2024 saw over 31 listings sold above listed price, more than 17 sold at listed price and over 20 sold below. The number of homes for sale in Newark, DE decreased by 6.5% between October 2024 and November 2024. While the average time on the market in November 2024 was 13 days, the median list price was $365,183.
From Rocket Homes Real Estate and based on county public records data.