NOT LISTED FOR SALE

503 Center Rd Magnolia, DE 19962

Rising Sun-Lebanon Neighborhood

Estimated Value: $368,000 - $421,000

4 Beds
3 Baths
2,111 Sq Ft
$189/Sq Ft Est. Value

Last Sold March 03, 2022

Last sale price $360,000 $171 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,273/month

5 Days on Market

Highlights

  • Deck
  • Contemporary Architecture
  • Attic
  • Allen Frear Elementary School Rated A
  • Wood Flooring
  • Sun or Florida Room

About This Home

As of March 2022

This newly remodeled 4 bedroom, 3 bath home is nestled in the quiet community of Cypress Gardens in the sought after Caesar Rodney school district. Upon entering the home you are greeted by a sun filled family room and new, custom hardwood stairs. The kitchen has been recently expanded and renovated with custom woodwork and stainless steel appliances. Adjacent to the kitchen is your beautifully sized living room with 2-story ceilings, skylights and a wood burning fireplace. All baths have just been renovated with custom tile floors and showers, as well as a completely renovated sunroom! Upstairs you will find the primary bedroom with en suite bath, complete with walk in closets. Down the hall find 3 more sizeable bedrooms and a full bath. In addition to all the renovations, this also features an oversized 2-car garage, large semi- finished basement, privacy bushes lining the property and a large wrap around deck. This home has been meticulously maintained and is move-in ready!!1/

Last Agent to Sell the Property

Alex Kreiser

Iron Valley Real Estate at The Beach License #rs-0022458 Listed on: 01/28/2022

Iron Valley Real Estate at The Beach

Last Buyer's Agent

Shonda Kelly

KW Empower License #RA-0020799

KW Empower

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,329

Year Built

  • Built in 1990

Lot Details

  • 0.42 Acre Lot
  • Open Lot
  • Property is zoned RMH

Parking

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

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,111 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Wood Burning Fireplace
  • Family Room Off Kitchen
  • Living Room
  • Formal Dining Room
  • Sun or Florida Room
  • Basement Fills Entire Space Under The House
  • Home Security System
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Stove
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Deck

Schools

  • Caesar Rod High School

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Well
  • Electric Water Heater
  • Gravity Septic Field

Community Details

  • No Home Owners Association
  • Cypress Gdns Subdivision

Listing and Financial Details

  • Assessor Parcel Number NM-00-09520-02-2700-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,329

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1990
  • Automatically Close On Close Date: No
  • Remarks Public: This newly remodeled 4 bedroom, 3 bath home is nestled in the quiet community of Cypress Gardens in the sought after Caesar Rodney school district. Upon entering the home you are greeted by a sun filled family room and new, custom hardwood stairs. The kitchen has been recently expanded and renovated with custom woodwork and stainless steel appliances. Adjacent to the kitchen is your beautifully sized living room with 2-story ceilings, skylights and a wood burning fireplace. All baths have just been renovated with custom tile floors and showers, as well as a completely renovated sunroom! Upstairs you will find the primary bedroom with en suite bath, complete with walk in closets. Down the hall find 3 more sizeable bedrooms and a full bath. In addition to all the renovations, this also features an oversized 2-car garage, large semi- finished basement, privacy bushes lining the property and a large wrap around deck. This home has been meticulously maintained and is move-in ready!!1/
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Refrigerator, Stove, Stainless Steel Appliances
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Attic, Breakfast Area, Ceiling Fan(s), Family Room Off Kitchen, Formal/Separate Dining Room, Kitchen - Eat-In, Primary Bath(s)
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 2
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Family Room, Sun/Florida Room, Laundry
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Main Floor
  • Total Sq Ft: 2111
  • Living Area Sq Ft: 2111
  • Price Per Sq Ft: 160.59
  • Above Grade Finished Sq Ft: 2111
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 503

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl 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 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
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security System
  • Sewer/Septic System: Gravity Sept Fld
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District: CAESAR RODNEY
  • High School: CAESAR ROD
  • School District Key: 300200396889
  • School District Source: Listing Agent
  • High School: CAESAR ROD

Lot Info

  • Lot Features: Open
  • Lot Size Acres: 0.42
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 18295.00
  • Outdoor Living Structures: Deck(s)
  • Zoning: RMH
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2463457
  • School Tax: 1118.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1329.00
  • Assessor Parcel Number: NM-00-09520-02-2700-000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 03/03/2022

MLS Schools

  • School District Name: CAESAR RODNEY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2022
Closed on
Mar 9, 2022
Sold by
Hathaway Andrew H
Bought by
Ritchie Melvin
Seller's Agent
Alex Kreiser
Iron Valley Real Estate at The Beach
Buyer's Agent
Shonda Kelly
KW Empower
List Price
$339,000
Sold Price
$360,000
Premium/Discount to List
$21,000
6.19%
Total Days on Market
5
Current Estimated Value
$398,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,959
Avg. Annual Appreciation
3.08%
Original Mortgage
$360,000
Outstanding Balance
$340,525
Interest Rate
3.92%
Mortgage Type
VA
Estimated Equity
$56,793

Purchase Details

Listed on
Jan 30, 2019
Closed on
Mar 1, 2019
Sold by
Bryant Waldberge N
Bought by
Hathaway Andrew H
Seller's Agent
Theresa Garcia
Patterson-Schwartz-Dover
Buyer's Agent
Alex Kreiser
Iron Valley Real Estate at The Beach
List Price
$229,900
Sold Price
$220,000
Premium/Discount to List
-$9,900
-4.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.84%
Original Mortgage
$198,000
Interest Rate
4.4%
Mortgage Type
VA

Purchase Details

Closed on
Aug 1, 1990
Bought by
Bryant Waldberge N
Source: Public Records

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Range of Values:

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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
Ritchie Melvin $360,000 The Malmberg Firm Llc
Hathaway Andrew H $220,000 None Available
Bryant Waldberge N $140,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ritchie Melvin $360,000
Previous Owner Hathaway Andrew H $196,396
Previous Owner Hathaway Andrew H $197,698
Previous Owner Hathaway Andrew H $198,000
Previous Owner Bryant Waldberge N $148,675
Previous Owner Bryant Waldberge N $158,460
Previous Owner Bryant Waldberge N $186,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2022 03/03/22 Sold $360,000 +6.2% $171 / Sq Ft
01/28/2022 01/28/22 For Sale $339,000 +54.1% $161 / Sq Ft
03/04/2019 03/04/19 Sold $220,000 -4.3% $104 / Sq Ft
02/02/2019 02/02/19 Pending -- -- --
01/30/2019 01/30/19 For Sale $229,900 -- $109 / 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 $1,861 $375,700 $94,300 $281,400
2023 $1,971 $63,600 $6,800 $56,800
2022 $1,868 $63,600 $6,800 $56,800
2021 $1,845 $63,600 $6,800 $56,800
2020 $1,804 $63,600 $6,800 $56,800
2019 $1,745 $63,600 $6,800 $56,800
2018 $1,705 $63,600 $6,800 $56,800
2017 $1,666 $63,600 $0 $0
2016 $1,581 $63,600 $0 $0
2015 $1,366 $63,600 $0 $0
2014 $1,364 $63,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alex Kreiser

    Seller's Agent in 2022

    Alex Kreiser

    Iron Valley Real Estate at The Beach

    (302) 382-5631

    3 in this area

    69 Total Sales

    Alex Kreiser
    Section Image
  • Shonda Kelly

    Buyer's Agent in 2022

    Shonda Kelly

    KW Empower

    (302) 922-0434

    3 in this area

    132 Total Sales

    Shonda Kelly
    Section Image
  • Theresa Garcia

    Seller's Agent in 2019

    Theresa Garcia

    Patterson Schwartz

    (302) 632-0558

    2 in this area

    70 Total Sales

    Theresa Garcia
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DEKT2007238

Bright MLS

APN: 7-00-09520-02-2700-000

Delaware Kent County Magnolia 19962 Rising Sun-Lebanon

503 Center Rd, Magnolia, DE

This home is located at 503 Center Rd, Magnolia, DE 19962 since 28 January 2022 and is currently estimated at $398,959, approximately $188 per square foot. This property was built in 1990. 503 Center Rd is a home located in Kent County with nearby schools including Allen Frear Elementary School, F. Niel Postlethwait Middle School, and Caesar Rodney High School.

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