15 days on rocket

Sale Pending

25 Somerset Ln, Newark, DE, 19711

$625,000

Home List Price

$7,422*

Closing Credit

4 Bedrooms
2 Full Baths, 1 Partial
2,450 SqFt
$255/SqFt
House
Schools Nearby

Location

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25 Somerset Ln, Newark$625,000

Buyer Closing Credits

$7,422*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingInside Access, Garage - Front Entry, Asphalt Driveway, Attached Garage, Driveway
Garage2 spaces
Year Built1991
HeatingForced Air
CoolingCentral Air
BasementYes
FireplaceWood, Brick
MLS #DENC2060902
Lot Size0.52 Acres
StatusSale Pending
(PENDING)

About 25 Somerset Ln

Welcome to 25 Somerset Lane, nestled in the coveted community of Cotswold Hills in Newark. This captivating residence offers an exquisite blend of comfort, style, and modern convenience. As you step through the grand foyer, you're greeted by an atmosphere of elegance and warmth. The main level boasts a spacious formal dining room, perfect for hosting gatherings and creating cherished memories with loved ones. Additionally, two versatile flex rooms present endless possibilities, whether you envision a home office, a formal sitting room, or a cozy reading nook. The heart of the home lies in the inviting family room, where gatherings are made memorable by the crackling wood-burning fireplace, offering a cozy retreat on chilly evenings. The culinary enthusiast will delight in the well-appointed kitchen, complete with sleek appliances, ample cabinetry, and a breakfast nook bathed in natural light. Step outside to discover your own private oasis, featuring a large deck and a charming paver patio, providing the ideal setting for alfresco dining, entertaining guests, or simply basking in the tranquility of the half-acre lot. Retreat to the upper level, where four generously sized bedrooms await. The master suite is a sanctuary unto itself, featuring a completely remodeled bathroom adorned with luxurious tile flooring and a walk-in glass-walled shower equipped with three showerheads, including a soothing rainfall shower head and a convenient bench seat, providing the perfect spot to relax and unwind after a long day. The lower level of this home offers even more potential with a spacious 1,225 square foot unfinished basement. Already equipped with insulation, a sump pump, and plumbing rough-in, this area provides ample space for customization to suit your needs and desires. Conveniently located in close proximity to shopping, dining, parks, and major commuter routes, this home offers the perfect balance of suburban tranquility and urban convenience. Don't miss your opportunity to make this stunning property your own. Schedule your private tour today and experience the exceptional lifestyle awaiting you at 25 Somerset Lane.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1991
  • Stories: 3
  • Living Area: 2,450 SqFt

Listing Office:

  • Office Name: Coldwell Banker Premier - Rehoboth
  • Office Phone: (302) 227-5000
  • Listing Agent: SKIP FAUST III

Interior Features

Interior Information:

  • Appliances: Microwave, Cooktop, Dishwasher, Disposal, Dryer, Ice Maker, Oven, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Basement: Yes
  • Flooring Type: Luxury Vinyl Plank, Ceramic Tile, Carpet
  • Interior: Attic, Breakfast Area, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Family Room Off Kitchen, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Island, Pantry, Primary Bath(s), Recessed Lighting, Skylight(s), Walk-in Closet(s)
  • Fireplace: Wood, Brick

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Inside Access, Garage - Front Entry, Asphalt Driveway, Attached Garage, Driveway

Lot Features

Lot Information:

  • Lot Size: 0.52 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Newark High School, Public District Grades 9-12
  • Shue-Medill Middle School, Public District Grades 6-8
  • Maclary (R. Elisabeth) Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From Corner Ketch Road, turn into the community on Bristol Lane, make the first right onto Somerset Lane. Property is down around the curve on the left hand side. From Paper Mill Road, turn into Grantchester on Findail Drive. Make a right on Revelstone Court, then a left onto Somerset Lane. Property will be a few houses down on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $625,000
  • Price Per SqFt: $255/SqFt

HOA Fees:

  • Amount: $188
  • Frequency: Annually

Tax Information:

  • Annual Amount: $5,582
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Newark, DE.

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Newark, DE

City

Med. Sold Price

$345K

Med. Price/SqFt

$195

Avg. Days On Market

10

# of Sold Homes

69

25 Somerset Ln vs Newark

15 DAYS ON ROCKET

+5 Days

$625,000

+$279.9K More

$255/SqFt

+$59 More

KEY TAKEAWAY

This property is $279.9K more than the Median Sold Price and $59/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: #DENC2060902

Listing Office:

  • Office Name: Coldwell Banker Premier - Rehoboth
  • Office Phone: (302) 227-5000
  • Listing Agent: SKIP FAUST III

IDX 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.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 2:01:46 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$5,582$134,200
2020$5,427$134,200
2019$4,705$134,200
2018$4,544$134,200
2017$4,509$134,200

History based on county public records data.

Payment Calculator

$3,202

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,940

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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.

Elementary School

school-card-donut-6029459
7
/10

  • Maclary (R. Elisabeth) Elementary School

  • 300 Saint Regis Dr

  • 3.10 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6029460
2
/10

  • Shue-Medill Middle School

  • 1500 Capitol Trl

  • 3.73 miles

  • Public District Grades 6-8

High School

school-card-donut-6029461
3
/10

  • Newark High School

  • 750 E Delaware Ave

  • 4.63 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $167,383. The most common annual income of people living in Newark, DE is $200k+. Residents typically live in married, with kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 25 Somerset Ln

What is the listing price of this property?

The listing price of 25 Somerset Ln property is $625,000.

What type of property is this?

The property 25 Somerset Ln is a house located in Newark, Delaware, 19711.

Is this property for sale now?

Sale Pending: 25 Somerset Ln is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 25 Somerset Ln are:
Maclary (R. Elisabeth) Elementary School: GreatSchools Rating 7/10
Shue-Medill Middle School: GreatSchools Rating 2/10
Newark High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,582 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 25 Somerset Ln has 4 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 25 Somerset Ln is 2,450 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 25 Somerset Ln is 1991.

Rocket Homes›Delaware›New Castle County›Newark›19711›25 Somerset Ln

This home is located at 25 Somerset Ln in Newark, DE and zip code 19711 in the Cotswold Hills neighborhood. This 2,450 square foot home, which was built in 1991, sits on a 0.52 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $625,000.

In April 2024 more than 42 listings in Newark, DE were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 14 were sold below. The number of homes for sale in Newark, DE increased by 11.7% between March 2024 and April 2024. In April 2024, listings were on the market for 10 days. During the same period, the median list price in this real estate market was $345,036.

From Rocket Homes Real Estate and based on county public records data.

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