503 Masters Ln Magnolia, DE 19962
Estimated Value: $505,000 - $545,663
4
Beds
2.5
Baths
3,333
Sq Ft
$159/Sq Ft
Est. Value
Highlights
- On Golf Course
- Contemporary Architecture
- Bonus Room
- Allen Frear Elementary School Rated A
- Main Floor Bedroom
- Sun or Florida Room
About This Home
As of July 2021Large home, CR Schools, Golf Course! This spacious property is on the 14th hole and situated on a quiet cul-de-sac in the Jonathans Landing subdivision. With 3,333 sq. ft. of living space plus a full basement, 4 bedrooms and a ready-to-finish 20x24 BONUS ROOM on the second floor (wired for electric and HVAC accessible) this home is ready for a large or combined family. The cathedral ceiling and large windows provide plenty of light for this contemporary traditional floor-plan. The family room has a gas fireplace to enjoy those cool fall/winter days. The kitchen has 42" cabinets with pull-out shelving, an island and a double stainless sink. There is a main floor master suite (complete with large walk-in closet), laundry room with utility sink, and a Florida/Sun room off the kitchen that is perfect for having coffee and enjoying the golf course view. The yard has mature landscaping and has a separate well for the irrigation system. This home is ready for your personal touches and has been extremely well-maintained (no kids, no pets). Close to Rt. 1, DAFB and local shopping. Jump to the beach areas in under an hour. Don't wait to book your tour.
Last Agent to Sell the Property
Heidi Lutman
Burns & Ellis Realtors License #RS-0023723 Listed on: 05/14/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,205
Year Built
- Built in 2003
Lot Details
- 0.76 Acre Lot
- Lot Dimensions are 150.00 x 220.02
- On Golf Course
- Property is zoned AC
Parking
- 2 Car Direct Access Garage
- Side Facing Garage
- Garage Door Opener
- Driveway
Home Design
- Contemporary Architecture
- Poured Concrete
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 3,333 Sq Ft Home
- Property has 3 Levels
- Entrance Foyer
- Family Room Off Kitchen
- Living Room
- Formal Dining Room
- Bonus Room
- Sun or Florida Room
- Golf Course Views
- Laundry Room
Bedrooms and Bathrooms
- En-Suite Primary Bedroom
Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Schools
- Allen Frear Elementary School
- Postlethwait Middle School
- Caesar Rodney High School
Utilities
- Forced Air Heating and Cooling System
- Cooling System Utilizes Natural Gas
- Natural Gas Water Heater
- On Site Septic
Community Details
- No Home Owners Association
- Jonathans Landing Subdivision
Listing and Financial Details
- Tax Lot 1700-000
- Assessor Parcel Number NM-00-10501-01-1700-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 14, 2021
Closed on
Jul 2, 2021
Sold by
Diprima Laura and Nicastro Janis
Bought by
Booth Hannah Noel and Iplenski Raymond John
Seller's Agent
Heidi Lutman
Burns & Ellis Realtors
Buyer's Agent
Amy Mullen
Iron Valley Real Estate Premier
List Price
$450,000
Sold Price
$445,000
Premium/Discount to List
-$5,000
-1.11%
Total Days on Market
11
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
$85,666
Avg. Annual Appreciation
4.32%
Original Mortgage
$355,200
Outstanding Balance
$329,193
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$196,258
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Booth Hannah Noel | $445,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Booth Hannah Noel | $355,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/02/2021 07/02/21 | Sold | $445,000 | -1.1% | $134 / Sq Ft |
| 05/25/2021 05/25/21 | Pending | -- | -- | -- |
| 05/14/2021 05/14/21 | For Sale | $450,000 | -- | $135 / 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 | $2,236 | $456,900 | $125,500 | $331,400 |
| 2023 | $2,826 | $94,800 | $24,500 | $70,300 |
| 2022 | $2,221 | $94,800 | $24,500 | $70,300 |
| 2021 | $445 | $94,800 | $24,500 | $70,300 |
| 2020 | $2,591 | $94,800 | $24,500 | $70,300 |
| 2019 | $2,086 | $94,800 | $24,500 | $70,300 |
| 2018 | $2,020 | $94,800 | $24,500 | $70,300 |
| 2017 | $1,963 | $94,800 | $0 | $0 |
| 2016 | $1,765 | $94,800 | $0 | $0 |
| 2015 | $1,447 | $94,800 | $0 | $0 |
| 2014 | $1,440 | $94,800 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2021
Heidi Lutman
Burns & Ellis Realtors
-
Amy Mullen
Buyer's Agent in 2021
Amy Mullen
Iron Valley Real Estate Premier
(302) 359-9532
85 Total Sales
Map
Source: Bright MLS
MLS Number: DEKT248772
APN: 7-00-10501-01-1700-000
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