Homes for sale - 506 CAMBRIDGE DR, Newark, DE 19711

Rakan Abuzahra

Realtor & Team Leader | License ID: 0023462

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Listed by Vincent Garman • Compass
Bought with Kristine Mottola • Compass

$ 367,450

$ 400,000 8.1%

Est. payment | -/mo

4 Beds

3 Baths

2,025 SqFt

$ 367,450

$ 400,000 8.1%

Est. payment | -/mo

4 Beds

3 Baths

2,025 SqFt

Key Details

Sold Price $367,450

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 2,025 sqft

Price per Sqft $181

Subdivision Fairfield

MLS Listing ID DENC2077942

Sold Date 05/19/25

Style Colonial

Bedrooms 4

Full Baths 2

Half Baths 1

HOA Y/N N

Abv Grd Liv Area 2,025

Year Built 1964

Available Date 2025-03-21

Annual Tax Amount $3,945

Tax Year 2024

Lot Size 0.350 Acres

Acres 0.35

Lot Dimensions 100.00 x 153.30

Property Sub-Type Detached

Source BRIGHT

Property Description

Welcome to 506 Cambridge Dr., a promising 4-bedroom, 2.5-bathroom single-family home located in the heart of Newark, DE. This property presents an exceptional opportunity for those looking to invest in a home with immense potential. Situated just moments away from the University of Delaware, this home offers a convenient location for students, faculty, or anyone who wishes to be near vibrant campus life. While this home is a fixer-upper, it brims with possibilities for creating immediate equity. The spacious layout provides ample room for customization, allowing you to transform this house into your dream home or a lucrative rental property. The existing framework includes generously sized bedrooms, multiple spacious living areas, and a sizable backyard, perfect for gatherings or outdoor activities. The two car garage is perfect for covered parking or your home workshop or getaway. The basement has a drop ceiling installed and is primed to be finished in the perfect hang out. Take advantage of this rare opportunity to invest in a property with boundless potential in a prime location. With your vision and a little TLC, 506 Cambridge Dr. can become a cherished home or a valuable asset. Don't miss out on this chance to unlock the hidden value in this fantastic property!

Location

State DE

County New Castle

Area Newark/Glasgow (30905)

Zoning 18RS

Rooms

Basement Full, Partially Finished

Interior

Interior Features Bathroom - Tub Shower, Bathroom - Stall Shower, Ceiling Fan(s), Dining Area, Floor Plan - Traditional, Wood Floors

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Fireplaces Number 1

Fireplaces Type Equipment, Wood

Equipment Oven/Range - Gas, Freezer, Refrigerator, Washer, Dryer, Water Heater

Furnishings No

Fireplace Y

Window Features Double Pane,Insulated,Double Hung

Appliance Oven/Range - Gas, Freezer, Refrigerator, Washer, Dryer, Water Heater

Heat Source Natural Gas

Laundry Has Laundry

Exterior

Exterior Feature Enclosed, Patio(s), Roof

Parking Features Covered Parking, Garage Door Opener, Garage - Front Entry, Inside Access

Garage Spaces 4.0

Water Access N

Roof Type Shingle

Street Surface Black Top

Accessibility 2+ Access Exits

Porch Enclosed, Patio(s), Roof

Attached Garage 2

Total Parking Spaces 4

Garage Y

Building

Story 2

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories 2

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Schools

School District Christina

Others

Senior Community No

Tax ID 18-006.00-068

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Negotiable

Horse Property N

Listing Terms Negotiable

Financing Negotiable

Special Listing Condition Standard

+1(302) 245-7668

rakan.a@firststatehometeam.com

1521 Concord Pike, Suite 102, Wilmington, DE, 19803, United States

506 CAMBRIDGE DR Newark, DE 19711