For sale

$540,000

5 Terry Ln, Newark, DE 19711

4beds

1,175sqft

$3,334/mo

Get pre-qualified

Single Family Residence

Built in 1955

7,841 Square Feet Lot

$-- Zestimate^®

$460/sqft

$-- HOA

What's special

STUDENT RENTAL - 4 bed, 2 full bath single-family home, 1,176 SF, built 1955, on 0.18 acres. Currently leased at $3,500/month, 100% occupied. Part of an 8-property student rental portfolio near University of Delaware.

51 days

143

6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 2
Main level bedrooms: 4

Basement

Area: 0

Heating

Forced Air, Electric

Cooling

Central Air, Electric

Appliances

Included: Electric Water Heater
Laundry: Main Level

Features

Eat-in Kitchen
Flooring: Carpet, Vinyl
Has basement: No
Has fireplace: No

Interior area

Total structure area: 1,175
Total interior livable area: 1,175 sqft
Finished area above ground: 1,175
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Asphalt, Driveway
Uncovered spaces: 2

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Exterior features: Sidewalks, Street Lights
Pool features: None
Fencing: Other

Lot

Size: 7,841 Square Feet
Dimensions: 60 x 120
Features: Cul-De-Sac, Front Yard, Rear Yard, Sloped

Details

Additional structures: Above Grade, Below Grade
Parcel number: 1801300079
Zoning: 18RD
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch/Rambler
Property subtype: Single Family Residence

Materials

Brick
Foundation: Slab

Condition

New construction: No
Year built: 1955

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Terry Manor

HOA

Has HOA: No

Location

Region: Newark

Financial & listing details

Price per square foot: $460/sqft
Tax assessed value: $301,100
Annual tax amount: $3,398
Date on market: 7/6/2026
Listing agreement: Exclusive Agency
Ownership: Fee Simple
Total actual rent: 42500

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/6/2026	Listed for sale	$540,000+145.5%$460/sqft
Source: Bright MLS #DENC2106236 Report a problem
10/9/2023	Listing removed	--
Source: Zillow Rentals Report a problem
9/11/2023	Listed for rent	$3,100+19.2%$3/sqft
Source: Zillow Rentals Report a problem
9/22/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
9/14/2021	Price change	$2,600-3.7%$2/sqft
Source: Zillow Rental Manager Report a problem
8/25/2021	Listed for rent	$2,700+17.4%$2/sqft
Source: Zillow Rental Manager Report a problem
2/27/2021	Listing removed	--
Source: Owner Report a problem
9/24/2020	Listing removed	$2,300$2/sqft
Source: Owner Report a problem
9/7/2020	Price change	$2,300+2.2%$2/sqft
Source: Owner Report a problem
7/9/2020	Price change	$2,250+2.3%$2/sqft
Source: Owner Report a problem
7/1/2020	Listed for rent	$2,200$2/sqft
Source: Owner Report a problem
9/10/2019	Listing removed	$2,200$2/sqft
Source: Owner Report a problem
6/23/2019	Listed for rent	$2,200$2/sqft
Source: Owner Report a problem
8/6/2013	Sold	$220,000$187/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$301,100 +632.6%
2024	$1,523 +2.5%	$41,100
2023	$1,486 +1.1%	$41,100
2022	$1,470 +2.6%	$41,100
2021	$1,433 +3%	$41,100
2020	$1,391 +14.1%	$41,100
2019	$1,220 +5.5%	$41,100
2017	$1,156 +0.3%	$41,100
2016	$1,153	$41,100
2015	$1,153 +11.6%	$41,100
2014	$1,033	$41,100
2013	--	$41,100
2012	--	$41,100
2011	--	$41,100
2010	--	$41,100
2009	--	$41,100
2008	--	$41,100
2007	--	$41,100
2006	--	$41,100
2005	--	$41,100
2004	--	$41,100
2003	--	$41,100
2002	--	$41,100
2001	--	$41,100