NOT LISTED FOR SALE

505 Reed Rd Milford, DE 19963

Estimated Value: $323,000 - $352,869

3 Beds
2 Baths
1,449 Sq Ft
$234/Sq Ft Est. Value

Last Sold October 17, 2024

Last sale price $332,000 $229 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,874/month

73 Days on Market

Highlights

  • Cape Cod Architecture
  • 1 Fireplace
  • Family Room Off Kitchen
  • Deck
  • No HOA
  • Porch

About This Home

As of October 2024

Looking for an updated home with small town charm? Offering a 3 bedroom, 2 bath, and 1 car garage in the lovely town of Milford. New systems in place such as HVAC and Roof. The new kitchen and appliances compliment the new LVP flooring. Rear deck with a fenced in yard and outdoor space offers a chance for you to make it your own. Priced to sell and ready for your occupancy.

Last Agent to Sell the Property

Matt Brittingham

(302) 703-6987 jgiles@psre.com Patterson-Schwartz-Rehoboth License #RA-0003405 Listed on: 06/22/2024

Patterson-Schwartz-Rehoboth

Co-Listed By

Michael Steinberg

(302) 703-6987 jgiles@psre.com Patterson-Schwartz-Rehoboth

Last Buyer's Agent

Marlene Frederick

(302) 217-6692 broker@theparkergroup.com The Parker Group License #RS-0019979

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,519

Year Built

  • Built in 1974

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 90x140

Parking

  • 1 Car Attached Garage
  • 6 Driveway Spaces
  • Front Facing Garage

Home Design

  • Cape Cod Architecture
  • Block Foundation
  • Architectural Shingle Roof
  • Stick Built Home

Interior Spaces

  • 1,449 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • 1 Fireplace
  • Family Room Off Kitchen
  • Combination Kitchen and Dining Room

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Range Hood
  • Built-In Microwave
  • Dishwasher

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Porch

Schools

  • Milford High School

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Lakelawn Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 130-03.07-70.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,519

Year Built

Built in 1974

Lot Details

0.28 Acres

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1974
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer, Oven/Range - Electric, Range Hood, Refrigerator, Washer, Water Heater
  • Flooring Type: Carpet, Luxury Vinyl Plank
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Family Room Off Kitchen, Kitchen - Eat-In
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Main Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 1449
  • Living Area Sq Ft: 1449
  • Price Per Sq Ft: 230.50
  • Above Grade Finished Sq Ft: 1449
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built
  • Exterior Features: Street Lights
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 7
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent
  • High School: MILFORD

Lot Info

  • Land Lease: No
  • Lot Size Acres: 0.28
  • Lot Dimensions: 90x140
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12197.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 611.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1519.00
  • Assessor Parcel Number: 130-03.07-70.00
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: MILFORD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2024
Closed on
Oct 18, 2024
Sold by
Mooney Eric G
Bought by
Ashburn June E
Seller's Agent
Matt Brittingham
Patterson-Schwartz-Rehoboth
Buyer's Agent
Marlene Frederick
The Parker Group
List Price
$349,000
Sold Price
$332,000
Premium/Discount to List
-$17,000
-4.87%
Views
274
Current Estimated Value
$338,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,967
Avg. Annual Appreciation
1.47%
Original Mortgage
$220,000
Outstanding Balance
$217,033
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$121,934
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ashburn June E $332,000 None Listed On Document
Ashburn June E $332,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ashburn June E $220,000
Closed Ashburn June E $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2024 10/17/24 Sold $332,000 -0.6% $229 / Sq Ft
09/03/2024 09/03/24 Pending -- -- --
08/26/2024 08/26/24 Price Changed $334,000 -1.5% $231 / Sq Ft
07/23/2024 07/23/24 Price Changed $339,000 -1.5% $234 / Sq Ft
07/08/2024 07/08/24 Price Changed $344,000 -1.4% $237 / Sq Ft
06/22/2024 06/22/24 For Sale $349,000 -- $241 / 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 $749 $11,950 $2,200 $9,750
2024 $640 $11,950 $2,200 $9,750
2023 $664 $11,950 $2,200 $9,750
2022 $654 $11,950 $2,200 $9,750
2021 $662 $11,950 $2,200 $9,750
2020 $664 $11,950 $2,200 $9,750
2019 $669 $11,950 $2,200 $9,750
2018 $673 $11,950 $0 $0
2017 $681 $11,950 $0 $0
2016 $738 $11,950 $0 $0
2015 $519 $11,950 $0 $0
2014 $501 $11,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2065058

Bright MLS

APN: 130-03.07-70.00

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