40 Milo Ct Magnolia, DE 19962
5
Beds
3.5
Baths
2,996
Sq Ft
0.37
Acres
Highlights
- Open Floorplan
- Deck
- Wood Flooring
- Caesar Rodney High School Rated A-
- Contemporary Architecture
- 1 Fireplace
About This Home
As of October 2022Absolutely pristine 5BR/3.5BA Contemporary with nearly 3,000 square feet of living space including the finished basement is now available in The Reserve at Chestnut Ridge. Pride of ownership is evident throughout this lovely home which is situated on a 1/3 acre cul-de-sac lot. The large eat-in kitchen overlooks the family room and includes granite counters, custom 42-inch cabinets, tile backsplash, tile flooring, and stainless steel appliances. The adjacent family room has plenty of space for your furniture and you can enjoy the gas fireplace this winter with the flick of a switch! You will find vaulted ceilings in the formal living room which opens to the formal dining room as well as a beautiful turned staircase in the foyer area which will greet your guests with genuine hardwood flooring. An updated half bath and laundry room complete with a large utility sink are also located on the main level. The upper level includes a spacious owner's suite which overlooks the back yard. There is plenty of room to store your wardrobe in the large walk-in closet. The full private bath features double sinks, a garden tub, shower stall, and neutral tile flooring. 3 secondary bedrooms share access to a full hall bathroom on the second floor. The finished basement in this home provides a lot of additional options for living space such as a media room, home office area, exercise space, or rec room. The basement friendly wood flooring is in excellent condition and will be easy to maintain. There is a bar nook complete with water hook-ups and pendant lights already in place for entertaining your guests. The basement walk-out provides excellent natural light along with the cheerful wall color. The fifth bedroom is also located in the basement and just needs flooring installed to be complete. There is also a full bathroom located on the lower level along with an unfinished utility room which provides extra storage space. Other highlights of this lovely home include a two-tiered back deck, fenced back yard, water softener, public water and sewer, updated light fixtures and ceiling fans throughout, and a brand new roof that was installed in 2021. The Reserve at Chestnut Ridge includes amenities such as a private community pool, tennis courts, a clubhouse with a fitness room! This home is located in the award winning Caesar Rodney School District and is less than 10 minutes from DAFB with quick access to Routes 1, 13, and the Delaware Beaches!
Last Agent to Sell the Property
Keller Williams Realty Central-Delaware License #RS-0023382 Listed on: 08/16/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,433
Year Built
- Built in 2007
Lot Details
- 0.37 Acre Lot
- Cul-De-Sac
- Vinyl Fence
- Property is in excellent condition
- Property is zoned AC
HOA Fees
- $51 Monthly HOA Fees
Parking
- 2 Car Direct Access Garage
- 2 Driveway Spaces
- Front Facing Garage
- Garage Door Opener
- On-Street Parking
Home Design
- Contemporary Architecture
- Poured Concrete
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- Property has 2 Levels
- Open Floorplan
- Ceiling height of 9 feet or more
- Ceiling Fan
- 1 Fireplace
- Family Room
- Living Room
- Formal Dining Room
Kitchen
- Electric Oven or Range
- <<builtInMicrowave>>
- Dishwasher
- Stainless Steel Appliances
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- En-Suite Primary Bedroom
- Walk-In Closet
Laundry
- Laundry Room
- Laundry on main level
Basement
- Basement Fills Entire Space Under The House
- Walk-Up Access
Outdoor Features
- Deck
Schools
- Magnolia Middle School
- Caesar Rodney High School
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
- Water Conditioner is Owned
Listing and Financial Details
- Tax Lot 2400-000
- Assessor Parcel Number NM-00-12101-02-2400-000
Community Details
Overview
- $250 Capital Contribution Fee
- Association fees include common area maintenance, pool(s), recreation facility, road maintenance, snow removal
- Premier Property Management HOA, Phone Number (302) 644-2752
- Resrv Chestnut Ridge Subdivision
Recreation
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 7, 2021
Closed on
Aug 6, 2021
Sold by
Avilla Pamela H
Bought by
Savage Benjamin
Seller's Agent
Robert McGriffin
Iron Valley Real Estate at The Beach
Buyer's Agent
Margaret Poisson
Century 21 Gold Key-Dover
List Price
$374,900
Sold Price
$374,900
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,135
Avg. Annual Appreciation
5.35%
Original Mortgage
$374,900
Outstanding Balance
$344,557
Interest Rate
2.9%
Mortgage Type
VA
Estimated Equity
$116,063
Purchase Details
Closed on
Jun 27, 2008
Sold by
The Ryland Group Inc
Bought by
Avila Pamela H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 16, 2007
Sold by
Schiff Land Development Company Llc
Bought by
The Ryland Group Inc
Similar Homes in Magnolia, DE
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $374,900 | None Available | |
| Deed | $289,990 | None Available | |
| Deed | $4,590 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $374,900 | VA | |
| Previous Owner | $221,393 | New Conventional | |
| Previous Owner | $234,228 | FHA | |
| Previous Owner | $200,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/06/2022 10/06/22 | Sold | $415,000 | 0.0% | $139 / Sq Ft |
| 08/20/2022 08/20/22 | Pending | -- | -- | -- |
| 08/20/2022 08/20/22 | Price Changed | $415,000 | +1.2% | $139 / Sq Ft |
| 08/16/2022 08/16/22 | For Sale | $410,000 | +9.4% | $137 / Sq Ft |
| 08/06/2021 08/06/21 | Sold | $374,900 | 0.0% | $160 / Sq Ft |
| 07/09/2021 07/09/21 | Pending | -- | -- | -- |
| 07/07/2021 07/07/21 | For Sale | $374,900 | -- | $160 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $2,063 | $411,100 | $109,700 | $301,400 |
| 2023 | $1,991 | $61,600 | $5,500 | $56,100 |
| 2022 | $1,871 | $61,600 | $5,500 | $56,100 |
| 2021 | $1,429 | $61,600 | $5,500 | $56,100 |
| 2020 | $1,424 | $61,600 | $5,500 | $56,100 |
| 2019 | $1,348 | $61,600 | $5,500 | $56,100 |
| 2018 | $1,705 | $61,600 | $5,500 | $56,100 |
| 2017 | $1,668 | $61,600 | $0 | $0 |
| 2016 | $1,588 | $61,600 | $0 | $0 |
| 2015 | $1,384 | $61,600 | $0 | $0 |
| 2014 | $1,371 | $61,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Lenoir
M
Seller's Agent in 2022
Michael Lenoir
Keller Williams Realty Central-Delaware
(302) 535-1542
8 in this area
92 Total Sales
-
Brooks Noll
Buyer's Agent in 2022
Brooks Noll
Iron Valley Real Estate Premier
(302) 399-9162
2 in this area
52 Total Sales
-
Robert McGriffin
Seller's Agent in 2021
Robert McGriffin
Iron Valley Real Estate at The Beach
(302) 535-2418
10 in this area
79 Total Sales
-
Margaret Poisson
Buyer's Agent in 2021
Margaret Poisson
Century 21 Gold Key-Dover
(302) 338-8180
7 in this area
151 Total Sales
Map
Source: Bright MLS
MLS Number: DEKT2013410
APN: 7-00-12101-02-2400-000
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