NOT LISTED FOR SALE

501 Lakelawn Dr Milford, DE 19963

Estimated Value: $261,000 - $451,000

3 Beds
2 Baths
1,776 Sq Ft
$190/Sq Ft Est. Value

Last Sold February 07, 2023

Last sale price $180,000 $101 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $1,973/month

1 Day on Market

Highlights

  • Wood Flooring
  • Balcony
  • Bathtub with Shower
  • No HOA
  • 2 Car Direct Access Garage
  • Central Air

About This Home

As of February 2023

This home is located on a large corner lot in the highly sought after Lakelawn estates neighborhood in Milford. With only a 30-minute drive to either Dover or the beaches, you'll have easy access to a bounty of stores, shops, restaurants, and much more. This home is perfect for someone who is looking for a fixer upper with great potential.
(This property is being sold "As-Is, Where-Is").
Any inspections are for informational purposes only.

Last Agent to Sell the Property

Rich Kable

The Parker Group License #0038211 Listed on: 01/13/2023

Co-Listed By

Melissa Squier

Iron Valley Real Estate Premier License #RB-0031331

Last Buyer's Agent

Terri Favata

Elevated Real Estate Solutions License #RB-0030962

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,305

Year Built

  • Built in 1962

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 131.00 x 135.00
  • Property is zoned TN

Parking

  • 2 Car Direct Access Garage
  • 4 Driveway Spaces
  • Side Facing Garage
  • Garage Door Opener

Home Design

  • Split Level Home
  • Brick Exterior Construction
  • Plaster Walls
  • Shingle Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,776 Sq Ft Home
  • Property has 1.5 Levels
  • Ceiling Fan
  • Wood Burning Fireplace
  • Brick Fireplace
  • Dining Area
  • Washer and Dryer Hookup

Kitchen

  • Built-In Oven
  • Electric Oven or Range
  • Built-In Range
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry
  • Garage Access

Outdoor Features

  • Balcony

Schools

  • Mispillion Elementary School
  • Milford Central Academy Middle School
  • Milford High School

Utilities

  • Central Air
  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • 60 Gallon+ Electric Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • Lakelawn Estates Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 130-03.07-67.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,305

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Split Level
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Exclusions: Washer/Dryer and all personal belongings
  • Inclusions: All major appliances
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1962
  • Automatically Close On Close Date: No
  • Remarks Public: This home is located on a large corner lot in the highly sought after Lakelawn estates neighborhood in Milford. With only a 30-minute drive to either Dover or the beaches, you'll have easy access to a bounty of stores, shops, restaurants, and much more. This home is perfect for someone who is looking for a fixer upper with great potential. (This property is being sold "As-Is, Where-Is"). Any inspections are for informational purposes only.
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Built-In Range, Dishwasher, Oven - Wall, Oven/Range - Electric, Refrigerator, Water Heater
  • Flooring Type: Wood, Vinyl
  • Interior Amenities: Ceiling Fan(s), Dining Area, Pantry, Primary Bath(s), Wood Floors, Tub Shower
  • Fireplace Features: Brick, Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Plaster Walls
  • Foundation Details: Concrete Perimeter
  • Levels Count: 1.5
  • Basement: Yes
  • Basement Type: Unfinished, Interior Access, Garage Access, Partial
  • Laundry Type: Hookup
  • Total Sq Ft: 1776
  • Living Area Sq Ft: 1776
  • Price Per Sq Ft: 100.79
  • Above Grade Finished Sq Ft: 1776
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 501

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Aluminum Siding
  • Roof: Shingle
  • 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: Garage - Side Entry, Garage Door Opener, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank, Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: MILFORD
  • Elementary School: MISPILLION
  • Middle School: MILFORD CENTRAL ACADEMY
  • High School: MILFORD
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396900
  • School District Source: Listing Agent
  • Elementary School: MISPILLION
  • High School: MILFORD
  • Middle Or Junior School: MILFORD CENTRAL ACADEMY

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 999
  • Lot Size Acres: 0.40
  • Lot Dimensions: 131.00 x 135.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 17424.00
  • Outdoor Living Structures: Balcony
  • Year Assessed: 2022
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5087344
  • School Tax: 1381.00
  • Tax Annual Amount: 2305.00
  • Assessor Parcel Number: 130-03.07-67.00
  • Tax Lot: 1
  • Tax Total Finished Sq Ft: 967
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 02/07/2023

MLS Schools

  • School District Name: MILFORD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2025
Sold by
Hernandez Services Llc
Bought by
Hernandez-Marin Carlos and Hernandez Katina E
Current Estimated Value
$337,015

Purchase Details

Listed on
Jan 13, 2023
Closed on
Feb 7, 2023
Sold by
Kapperman Donald A
Bought by
Hernandez Services Llc
Seller's Agent
Rich Kable
The Parker Group
Buyer's Agent
Terri Favata
Elevated Real Estate Solutions
List Price
$179,000
Sold Price
$180,000
Premium/Discount to List
$1,000
0.56%
Views
57

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.51%

Purchase Details

Closed on
Aug 18, 1998
Bought by
Kapperman Donald A
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Hernandez-Marin Carlos -- None Listed On Document
Hernandez-Marin Carlos -- None Listed On Document
Hernandez Services Llc $180,000 --
Kapperman Donald A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kapperman Donald A $142,500
Previous Owner Kapperman Donald A $3,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2023 02/07/23 Sold $180,000 +0.6% $101 / Sq Ft
01/14/2023 01/14/23 Pending -- -- --
01/13/2023 01/13/23 For Sale $179,000 -- $101 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $1,532 $27,450 $3,250 $24,200
2023 $1,526 $27,450 $3,250 $24,200
2022 $1,503 $27,450 $3,250 $24,200
2021 $1,520 $27,450 $3,250 $24,200
2020 $1,526 $27,450 $3,250 $24,200
2019 $1,537 $27,450 $3,250 $24,200
2018 $1,545 $27,450 $0 $0
2017 $1,565 $27,450 $0 $0
2016 $1,694 $27,450 $0 $0
2015 $1,192 $27,450 $0 $0
2014 $1,152 $27,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rich Kable

    Seller's Agent in 2023

    Rich Kable

    The Parker Group

    (443) 614-2990

    1 in this area

    6 Total Sales

    Section Image
  • Melissa Squier

    Seller Co-Listing Agent in 2023

    Melissa Squier

    Iron Valley Real Estate Premier

    (302) 841-1733

    16 in this area

    227 Total Sales

    Section Image
  • Terri Favata

    Buyer's Agent in 2023

    Terri Favata

    Elevated Real Estate Solutions

    (302) 242-1782

    42 in this area

    136 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2034328

Bright MLS

APN: 130-03.07-67.00

Delaware Sussex County Milford 19963

501 Lakelawn Dr, Milford, DE

This home is located at 501 Lakelawn Dr, Milford, DE 19963 since 13 January 2023 and is currently estimated at $337,015, approximately $189 per square foot. This property was built in 1962. 501 Lakelawn Dr is a home located in Sussex County with nearby schools including Mispillion Elementary School, Milford Central Academy, and Milford Senior High School.

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