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723 Parkman Dr, Bear, DE, 19701

4beds
4baths
6,175sqft
$850,000
$138price/sqft
$5,755/moest. monthly cost
$230,200/yrincome needed

About This Home

Nestled in an exclusive, highly sought-after neighborhood, this impressive 4-bedroom, 3½-bath home offers exceptional living space and outstanding versatility. Beautifully landscaped grounds create stunning curb appeal and a welcoming first impression. As you enter into the home via the 2 story foyer, you'll notice the thoughtfully designed floor plan and beautiful hardwood floors. Formal living & dining rooms flank the center hall. This model features a desirable first-floor primary suite, providing comfort and privacy with first floor ease. Plenty of space plus 2 walk in closets and a private bath with jetted tub, shower and double sinks. In the center of the home you'll find the family room, with soaring 2 story ceilings, tall windows and gas fireplace. The spacious kitchen has 42 inch cabinets complemented by crown molding on top. The island allows for additional seating though there's also a charming breakfast room, which opens to the back yard. The gas stove has an exhaust hood that is vented to the outside. Butlers pantry, laundry room and powder room complete this level. Upstairs you'll find 3 more nicely sized bedrooms that share the hall bath. There's also an additional flex space offering the option of a fifth bedroom, home office, or bonus room to suit your needs. The finished walk-out basement significantly expands the living area and includes a second kitchen (everything but the range) making it ideal for extended family, guests, recreation, or entertaining. There is also a separage space here currently being used as an office. 2 large storage spaces hold everything you need a place for. Outside, there's a large paver patio for relaxing in the summer sun or cool autumn breezes. Combining generous living spaces, timeless features, and a premier location, this exceptional property offers the perfect blend of luxury, comfort, and functionality.

Getting Around

0
WalkingCar-Dependent
25
TransitSome Transit
20
BikeSomewhat Bikeable

Schools

2/10

Construction

Condition

  • Year built: 2010

Materials

  • Foundation: Other
  • Construction materials: Brick,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Area: 2300

Basement

  • Has basement: Yes
  • Basement: Full,Exterior Entry,Partially Finished,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 1

Features

  • Finished area below ground: 1,500
  • Finished area above ground: 4,675

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 6,975
  • Total interior livable area: 6,175 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 12020.00137
  • Zoning: S
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: Community

Lot

  • Lot size: 0.35 Acres

Parking

  • Total spaces: 8
  • Parking features: Garage Faces Side,Garage Door Opener,Attached,Driveway,Off Street
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Uncovered spaces: 6

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Winter Weather
Cold Wave
Heat Wave
Tsunami

FEMA Declared Disasters Across Delaware Counties

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,298$51,576
Home Insurance *$265$3,180
Property Taxes $510$6,120
Electricity $682$8,194
Total$5,755$69,060
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$197,314/yr
40% on housing$172,650/yr
45% on housing$153,466/yr

Delaware FAIR Plan Programs

Insurance Placement Facility of Delaware

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,170Commercial: 57
Total Premiums$607,000
Total Exposure$249.53M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.0%
7.0%
0%30.0%
Electricity Growth Rate10-year average: 8.7%
8.7%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$138This listing

vs Other Active Listings

Avg $/sqft

ZIP 19701$162
New Castle County$172

vs Homes Sold Last Month

Median $/sqft

ZIP 19701$200
New Castle County$218

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-06Price change$850,000
2026-06-05Listed for sale$865,000
2010-10-07Sold$571,589

For Sale by Agent

AgentLauri Brockson
BrokeragePatterson-Schwartz-Newark

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