NOT LISTED FOR SALE

116 Laks Dr Middletown, DE 19709

Estimated Value: $774,000 - $891,000

4 Beds
4.5 Baths
5,800 Sq Ft
$141/Sq Ft Est. Value

Sale Details

Date Sold: February 15, 2019

Last sale price $520,000 $90 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,762 / mo

10 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Attic
  • Alfred G. Waters Middle School Rated A
  • Wood Flooring
  • Sun or Florida Room

About This Home

As of February 2019

Welcome to popular Summit Bridge Farms one of the largest home!! This 4 bedroom, 4 1/2 bath home has 5,800 sqft of living area. Grand cathedral foyer entry is inviting and open-floor concepts are easy on the eyes. Exquisite carpentry work is throughout the house with wainscotting, hardwood floors, double crown molding. Gourmet kitchen features, Corian counters, 42" Cherry cabinets, Stainless Steel appliances, pendant and recessed lights. Enjoy park setting like backyard from bonus Morning room off of kitchen or screened-in porch. Over 1.45 acre lot is best of nature can offer! Sunk-in family room has gas fireplace for cozy winter night. Convenient double entry staircases to upper floor are located in foyer and kitchen. Upper floor features; Master suite with walk-in closet and 4 piece bathroom and all large bedrooms and bathroom. Custom Finished basement is equipped with wet bar, restaurant booth, egress, 5 rooms and bathroom for all your entertaining and gathering. Both Energy efficient HVACs are less than 1 yr old!! Walk-Out basement egress door is installed. Located in best school district DE has to offer and also conveniently located to major Rts, shopping, and short driving distance to the beach. Don't miss this elegant home today!!

Last Agent to Sell the Property

Mia Burch

(302) 351-5000 maggie@lnf.com Long & Foster Real Estate, Inc. License #RA-0030955 Listed on: 12/19/2018

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Pamela Kitchengs

(302) 351-5000 maggie@lnf.com Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,821

Year Built

  • Built in 2002

Lot Details

  • 1.45 Acre Lot
  • East Facing Home
  • Property is zoned NC21

HOA Fees

  • $13 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Pitched Roof
  • Aluminum Siding
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • Property has 2 Levels
  • Wet Bar
  • Ceiling height of 9 feet or more
  • Fireplace With Glass Doors
  • Bay Window
  • Family Room
  • Sitting Room
  • Living Room
  • Dining Room
  • Den
  • Sun or Florida Room
  • Eat-In Kitchen
  • Laundry on main level
  • Attic

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Eco-Friendly Details

  • Energy-Efficient HVAC

Outdoor Features

  • Deck
  • Patio
  • Shed
  • Porch

Utilities

  • Central Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Heating System Uses Natural Gas
  • 150 Amp Service
  • Natural Gas Water Heater
  • On Site Septic
  • Cable TV Available

Community Details

  • 2 Story Community
  • Summit Bridge Farm Subdivision

Listing and Financial Details

  • Tax Lot 102
  • Assessor Parcel Number 11-058.00-102

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,821

Year Built

Built in 2002

Lot Details

1.45 Acres

HOA Fees

$13 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: All Appliances 'As-Is'
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Wood, Carpet, Ceramic Tile
  • Interior Amenities: Wet/Dry Bar, Attic, Kitchen - Eat-In, Walk-In Closet(s)
  • Window Features: Bay/Bow
  • Fireplace Features: Fireplace - Glass Doors
  • Fireplaces Count: 1
  • Wall Ceiling Types: 9'+ Ceilings
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Sitting Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Bedroom 1, Study, Sun/Florida Room
  • Basement: Yes
  • Basement Type: Full, Fully Finished, Partially Finished, Outside Entrance
  • Laundry Type: Main Floor
  • Total Sq Ft: 5800
  • Living Area Sq Ft: 5800
  • Price Per Sq Ft: 150.07
  • Above Grade Finished Sq Ft: 3565
  • Below Grade Finished Sq Ft: 2235
  • Total Below Grade Sq Ft: 2235
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Vinyl Siding, Stone, Aluminum Siding
  • Roof: Pitched
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Built In
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Electric Service: 150 Amps
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: On Site Septic
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 150.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Efficiency: Hvac
  • Clean Green Assessed: No
  • Green Remarks: Both Energy Efficient HVACs are less than a 1 yr old.

Lot Info

  • Improvement Assessed Value: 112100.00
  • Land Assessed Value: 15900.00
  • Lot Size Acres: 1.45
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 63162.00
  • Outdoor Living Structures: Patio(s), Porch(es), Deck(s)
  • Zoning: NC21
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2352343
  • School Tax: 2896.00
  • Tax Annual Amount: 3821.00
  • Assessor Parcel Number: 11-058.00-102
  • Tax Lot: 102
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2017

MLS Schools

  • School District Name: APPOQUINIMINK

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2018
Closed on
Feb 15, 2019
Sold by
Wargo Keith and Wargo Kathryn
Bought by
Rappaport Leila S
Seller's Agent
Mia Burch
Long & Foster Real Estate, Inc.
Buyer's Agent
Pamela Kitchengs
Long & Foster Real Estate, Inc.
List Price
$535,000
Sold Price
$520,000
Premium/Discount to List
-$15,000
-2.8%
Current Estimated Value
$787,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,892
Avg. Annual Appreciation
6.52%
Original Mortgage
$468,000
Outstanding Balance
$406,439
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$411,177

Purchase Details

Listed on
Apr 8, 2013
Closed on
Jul 24, 2013
Sold by
Meredith Robert D and Meredith Joanne C
Bought by
Wargo Keith and Wargo Kathryn
Seller's Agent
Eleanor Dickinson
Patterson-Schwartz - Greenville
Buyer's Agent
CATHERINE BOBO
Long & Foster Real Estate, Inc.
List Price
$539,000
Sold Price
$505,000
Premium/Discount to List
-$34,000
-6.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.53%
Original Mortgage
$250,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 25, 2004
Sold by
Meredith Robert D and Marschesani Joanne C
Bought by
Meredith Robert D and Meredith Joanne C

Purchase Details

Closed on
Mar 25, 2002
Sold by
Anderson Homes Llc
Bought by
Meredith Robert D and Marchesani Joanne C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
6.88%

Purchase Details

Closed on
Jan 9, 2002
Sold by
Lakshman Bangalore T
Bought by
Anderson Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
7.04%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rappaport Leila S $520,000 None Available
Wargo Keith $505,000 None Available
Meredith Robert D -- --
Meredith Robert D $386,936 --
Anderson Homes Llc $498,151 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rappaport Leila S $468,000
Previous Owner Wargo Keith $250,000
Previous Owner Meredith Robert D $300,700
Previous Owner Anderson Homes Llc $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/15/2019 02/15/19 Sold $520,000 -2.8% $90 / Sq Ft
12/29/2018 12/29/18 Pending -- -- --
12/19/2018 12/19/18 For Sale $535,000 +5.9% $92 / Sq Ft
07/24/2013 07/24/13 Sold $505,000 -6.3% $87 / Sq Ft View Prior Sale
05/21/2013 05/21/13 Pending -- -- --
04/08/2013 04/08/13 For Sale $539,000 -- $93 / Sq Ft
Source: Bright MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,510 $838,700 $206,100 $632,600
2024 $5,357 $128,000 $15,900 $112,100
2023 $4,552 $128,000 $15,900 $112,100
2022 $4,585 $128,000 $15,900 $112,100
2021 $4,529 $128,000 $15,900 $112,100
2020 $4,477 $128,000 $15,900 $112,100
2019 $4,146 $128,000 $15,900 $112,100
2018 $990 $128,000 $15,900 $112,100
2017 $3,491 $128,000 $15,900 $112,100
2016 $3,491 $128,000 $15,900 $112,100
2015 $3,395 $128,000 $15,900 $112,100
2014 $3,388 $128,000 $15,900 $112,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC316040

Bright MLS

APN: 11-058.00-102

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