New Castle County property record for 298 Cherry Ln, New Castle, DE 19720
| Property Type | Commercial Office |
|---|---|
| Details | 3,433 sqft · built 1989 |
| Lot Size | 2.8 acres (121,968 sqft) |
| Owner | Company Name on Record |
| Last Sale | $4,800,000 (Jan 2025) |
| Tax Bill | $26,977 (2025) |
| Deeds & Mortgages | Sep 2017 Mortgage Oct 2018 Mortgage |
| Flood Zone | Zone X (minimal risk) |
| APN | 10-015.40-371 |
| Primary APN | 10-015.40-371 |
|---|
| Units | 2 Units |
|---|---|
| Stories | 1 Story |
| Building Area | 3,433 sqft Gross Area |
| 1st Floor Area | 3,433 sqft |
| Year Built | Built 1989 |
|---|---|
| Effective Year Built | Effective 1989 |
| Exterior Material | Concrete Block |
| Construction Type | Concrete |
| Lot Area | 121,968 sqft (2.8 acres) |
| Lot Dimensions | 420 ft deep x 313 ft wide |
| Cooling System | HVAC |
|---|---|
| Heating System | HVAC |
| Sewer | Connected |
| Street Address | 298 CHERRY LN |
|---|---|
| City | NEW CASTLE |
| State | DE |
| Zip | 19720-2776 |
| Property Category | Commercial |
| Property Type | Commercial > Office > Commercial Office |
| Local Zoning Code | HI |
| Legal Subdivision | RIVEREDGE PARK |
| Legal Lot Number | 5 |
| Jurisdiction | NEW CASTLE DE |
| Township / Civil Division | NEW CASTLE |
| Census Block Group | 2 |
| Census Block | 2016 |
| Census Tract | 15802 |
Source: New Castle County records, as of April 13, 2026
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
| Owner of Record | Company Name on Record |
|---|---|
| Mailing Address | 818 FIRST STATE BLVD, WILMINGTON, DE 19804-3573 |
| Owner Type | Company |
| Vesting | Limited Liability Partnership |
| Date | Document |
|---|---|
| Sep 26, 2017 | Deed of Trust, Mortgage · Commercial Mortgage MIDCOAST COMMUNITY BANK |
| Oct 30, 2018 | Deed of Trust, Mortgage · Commercial Mortgage MIDCOAST COMMUNITY BANK |
| Deed Names | Name on Deed |
|---|---|
| Last Sale | Jan 21, 2025 · Amount on Record |
| Deed Sale | Jan 21, 2025 · Amount on Record |
| Deed Document Number | 20254126 |
| Prior Transfer Date | Jul 26, 2007 |
| Prior Transfer Doc | 0000083512 |
| Record Updated | Jun 8, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | NEW CASTLE DE |
| Property Address | 298 CHERRY LN, NEW CASTLE, DE 19720-2776 |
| Transaction Type | Mortgage |
| Record Updated | Nov 22, 2021 |
| Name | Verified Name |
|---|
| Document Number | 0000049879 |
|---|---|
| Date | Sep 26, 2017 |
| Instrument | 20170926-0049879 |
| Name | MIDCOAST COMMUNITY BANK |
|---|---|
| Type | Bank |
| Address | WILMINGTON, DE 19804 |
| Type | Commercial Mortgage |
|---|---|
| Amount | Amount Recorded |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | NEW CASTLE DE |
| Property Address | 298 CHERRY LN, NEW CASTLE, DE 19720-2776 |
| Transaction Type | Mortgage |
| Record Updated | Nov 22, 2021 |
| Name | Verified Name |
|---|---|
| Address | 300 WATER ST 300, 300, WILMINGTON, DE 19801-5046 |
| Document Number | 0000056858 |
|---|---|
| Date | Oct 30, 2018 |
| Instrument | 20181030-0056858 |
| Name | MIDCOAST COMMUNITY BANK |
|---|---|
| Type | Bank |
| Address | WILMINGTON, DE 19804 |
| Type | Commercial Mortgage |
|---|---|
| Amount | Amount Recorded |
| Rate Type | Adjustable Rate |
|---|
Source: New Castle County assessment roll, as of April 13, 2026
| Type | Name |
|---|---|
| State | Delaware |
| County | New Castle County |
| Unified School District | Colonial School District (PK - 12) |
| Year | Tax Bill | Assessed Value |
|---|---|---|
| 2025 | $26,977.00 (+13.31%) | $2,578,400 (+231.76%) Land $364,000 Building $2,214,400 |
| 2023 | $23,809.00 | $777,200 (-) Land $98,000 Building $679,200 |
| 2022 | $777,200 Land $98,000 Building $679,200 |
Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.
Source: FEMA National Flood Hazard Layer, effective January 21, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026
| FEMA Flood Zone | Zone X minimal risk |
|---|---|
| Nearest Special Flood Hazard Area | Zone AE, within 500 ft |
| Flood Insurance Requirement | Not required lenders may require it |
| Community Rating System | Class 5 (25% premium discount) |
| Nearby Flood Policies | 1 in force |
Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.
Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024
| Wildfire Risk | Low lower than 99.8% of the US · lower than 99.1% of Delaware |
|---|---|
| Wildfire Likelihood | Under 0.01% annual chance |
| Exposure | None beyond ember reach |
Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.
Source: EPA Safe Drinking Water Information System, as of September 2026
| Water System | ARTESIAN WATER COMPANY private · serves 231,114 people · EPA ID DE0000552 |
|---|---|
| Water Source | Purchased surface water from several systems |
| Last State Inspection | Oct 2025 |
| Lead | 1 ppb (2024–2026) action level 15 ppb |
| Water Quality | None last 10 years |
|---|---|
| Treatment and Procedure | None last 10 years |
| Monitoring and Reporting | None last 3 years |
Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.
Source: FCC Broadband Data Collection, based on 217 locations within half a mile, as of December 31, 2025
| Provider | Max Down / Up (Mbps) |
|---|---|
| Xfinity Cable | 2,000 / 250 |
| Verizon Fiber | 980 / 880 |
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