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554 Arrowgrass Ln, New Castle, DE, 19720

3beds
3baths
2,278sqft
$429,250
$188price/sqft
$2,829/moest. monthly cost
$113,160/yrincome needed

About This Home

This new two-story townhome features a secluded owner's suite on the floor, offering a secluded retreat with a full bathroom and walk-in closet. An open-concept layout blends the kitchen, dining room and Great Room for easy transitions and multitasking. On the second floor, a versatile loft provides a shared living area easily accessible from two bedrooms.

Getting Around

13
WalkingCar-Dependent
0
TransitVery Limited Transit
29
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2026

Other

  • Builder name: Lennar

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Interior Area

  • Total interior livable area: 2,278 sqft

Property

Details

  • Parcel number: 2101600047

Features

  • Levels: 2.0
  • Stories: 2

Parking

  • Total spaces: 2
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 2

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

  • Winter Weather
    Winter WeatherRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Cold Wave
    Cold WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Coastal Flooding
Cold 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 $2,170$26,040
Home Insurance *$151$1,812
Property Taxes $257$3,084
Electricity $251$3,023
Total$2,829$33,948
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$96,994/yr
40% on housing$84,870/yr
45% on housing$75,440/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

$188This listing

vs Other Active Listings

Avg $/sqft

ZIP 19720$152
New Castle County$172

vs Homes Sold Last Month

Median $/sqft

ZIP 19720$225
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
2026-05-12Price change$458,324
2026-04-28Listed for sale$465,000

New Construction Spec

BrokerageLennar

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