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302 Stone Brook Place, Dover, DE 19904
$135,000
302 Stone Brook Place, Dover, DE 19904View this property at 302 Stone Brook Place, Dover, DE 19904
302 Stone Brook PlaceDoverDE19904
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Property Description
Must conform to Diamond State Community Land Trust model . Ownership is leasehold the process below can take as little as one week to complete but is not guaranteed: 1. Applicants are referred to Diamond State, CLT for pre-qualification & orientation. 2. An application must be submitted along with the following documents: a. Last 2 years tax returns, w2's & 1099's b. Last 3 months pay stubs and proof of all other income for any member in the household over the age of 18. c. Most recent credit report d. Photo ID e. Last 2 months checking, saving, and all other asset statements f. This application will confirm the homeowner meets the criteria of the home - their household income is lower than the AMI restricted for the home and their estimated monthly mortgage payment will not exceed 30% of their monthly household income 3. If applicants are pre-approved for a mortgage, they must confirm their lender has a product that works alongside land lease agreements. If not, Diamond State, CLT will refer the applicant to a lender who does. 4. Applicants are required to complete a HUD approved First Time Homebuyer course and be able to provide a certificate of completion. 5. Applicants will have to meet with a homeownership counselor for referral for the home. 6. Applicants will sign a sales contract and proceed with the traditional process of purchasing their home. 7. The lease to the land is inheritable to the same person who is assigned as heir to the home. *IMPORTANT THINGS TO REMEMBER* 1. While the home is listed, we operate on a first come, first serve basis. 2. We encourage anyone who is interested in a CLT home to submit an application and attend an orientation. CLT homeownership might not be something they are interested in right now, but may be in the future. If they are in our pipeline, they will be among the initial contacts in the future when more homes become available - but cannot be added to the pipeline if they have not completed an orientation or submitted an application. 3. There is a resale formula in the lease agreement. THIS LIMITS THE AMOUNT THE BUYER CAN SELL FOR IN THE FUTURE. However, we explain this aspect in two ways - 1. Equity earned will be proportional to the percentage of the value they purchase for. While Diamond State owns the land, this does not mean the value the homeowner purchases the exact value of the home, only. 2. Some households benefit from having the security of homeownership and low monthly mortgage payments on a daily basis. Diamond State, CLT recognizes this as an opportunity for families to have options that are otherwise unavailable with the cost of rent and higher mortgage payments. 4. Once the home is sold, the buyer will never owe money to the CLT. 5. There is a monthly $40 lease fee. While this fee could increase according to the lease agreement, this has not happened in since the CLT started in 2006. 6. HOMEOWNER'S ARE ABLE TO ENJOY THEIR PROPERTY AS IF IT WERE THEIR OWN. Diamond State, CLT only requires permission to make structural changes to the home or additions to the property, i.e. adding a deck, shed, pool, etc. This is only because we have to ensure the proper municipal requirements are being upheld AND to ensure the homeowner is aware of how these changes can have a positive or negative impact on the home. It is possible that significant structural changes can be denied - i.e. adding square footage to the home, removing walls that would decrease the number of bedrooms, etc.
Full Property Details
Full Property Details for 302 Stonebrook Pl
General
- Sold For: $135,000
- Taxes: $1,335 (2022)
- Status: Closed
- Type: Townhouse
- MLS ID: DEKT2021576
- Added to Site: 306 day(s) ago
Interior
- Rooms/Areas: Dining Room, Bedroom 2, Kitchen, Family Room, Basement, Bedroom 1, Full Bath, Half Bath
- Interior Features: Carpet, Combination Dining/Living
- Appliances: Dishwasher, Disposal, Dryer - Electric, Oven/Range - Electric, Washer, Water Heater
- Flooring: Carpet, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
- Upper Floor Baths: 1
- Upper - Full Baths: 1
- Main Floor Baths: 1
- Main - 1/2 Baths: 1
Bedrooms
- Total Bedrooms: 2
- Bedrooms Upper: 2
- Bedroom 1: Bedroom 1, Upper 1
- Bedroom 2: Bedroom 2, Upper 1
Other Rooms
- Family Room: Family Room, Main
- Kitchen: Kitchen, Main
- Dining Room: Dining Room, Main
- Laundry: Basement
Parking
- Parking Type: Off Street
Location
- Area: Capital (30802)
- County: Kent
- Development Name: None Available
- Subdivision: None Available
- Building Name: NONE AVAILABLE
- Cross Streets: Fieldstone Ct
- Driving Directions: GPS
- City Limits: Yes
School Information
- School District: Capital
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Heat Pump - Electric BackUp
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Other
- Architectural Style: Other
- Structure Type: Interior Row/Townhouse
- Construction: Vinyl Siding, Aluminum Siding
- Basement: Yes
- Basement Desc.: Full
- Foundation: Concrete Perimeter
- Roof: Shingle
- Walls/Ceilings: Dry Wall
- Stories/Levels: 0
- Stories Description: Lower 1, Main, Upper 1
- Square Feet: 1,120
- Sq. Ft. Source: Assessor
- Living Area: 1,120 Sq. Ft.
- Finished Above Grnd: 1,120 Sq. Ft.
- Year Built: 1984
- Year Built Source: Assessor
- Property Condition: Excellent
Lot Features
- Lot Size (Acres): 2,548.28
- Lot Size (Sq. Ft.): 111,002,206
- Lot Size Source: Assessor
- Lot Dimensions: 20.00 x 143.56
- Zoning: RG3
Financial Considerations
- Price Per Sq. Ft.: $121.43
- Land Lease Fee: $40
- Land Lease Fee Freq: Monthly
- Assessment Year: 2023
- School Tax: $781
- City/TownTax: $462
- City/TownTax Freq: Annually
- County Tax: $92
- County Tax Freq: Annually
- Tax w/Assessment: $30,700
- Tax Amount: $1,335
- Tax Year: 2022
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 1120
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Land Lease
- Lot Number: 2500-000
Listed by RE/MAX 1st Choice - Middletown, Thomas Horne and RE/MAX 1st Choice - Middletown, Kim Horne
Sold by Myers Realty, Carlton H Brown Jr.
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Schools
Schools serving 302 Stonebrook Pl
School District:Capital School District
Rating | Name | Grades | Distance |
---|---|---|---|
65 Carver Rd, Dover, DE 19904 | 5-6 | 0.9 mi | |
901 Forest St, Dover, DE 19904 | K-4 | 1 mi | |
211 Delaware Ave, Dover, DE 19901 | 7-8 | 1.8 mi | |
1 Dover High Dr, Dover, DE 19904 | 8-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 302 Stonebrook Pl
Date
Details
Price
Change
Source
12/15/2023
Sold
$136,000
—
MLS
8/14/2023
Listed
$136,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
302 Stone Brook Place, Dover, DE 19904 (MLS# DEKT2021576) is a Townhouse property that was sold at $135,000 on December 15, 2023. Want to learn more about 302 Stone Brook Place? Do you have questions about finding other Townhouse real estate for sale in Dover? You can browse all Dover real estate or contact a Coldwell Banker agent to request more information.