NOT LISTED FOR SALE

509 Cypress Dr Unit 1 Magnolia, DE 19962

Rising Sun-Lebanon Neighborhood

Estimated Value: $302,087 - $373,000

3 Beds
2 Baths
-- Sq Ft
10,019 Sq Ft Lot

Last Sold September 30, 2014

Last sale price $139,000

Est. 139% increase in value since last sale

Current estimated payment $1,797/month

Highlights

  • Rambler Architecture
  • No HOA
  • Living Room
  • Allen Frear Elementary School Rated A
  • Attached Garage
  • En-Suite Primary Bedroom

About This Home

As of September 2014

A real bargain, this home needs a little TLC but is a great buy. Located in the CR school district on a nice sized lot. Split bedroom design with large living room with gas fireplace. Sold as is. Conventional or cash offer only.

Last Agent to Sell the Property

Steve Schmidt

(302) 678-4326 steve@delawarerealestate.com RE/MAX Horizons License #RB-0031118 Listed on: 07/09/2014

RE/MAX Horizons

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $469

Lot Details

  • 10,019 Sq Ft Lot

Parking

  • Attached Garage

Home Design

  • Rambler Architecture
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • Property has 1 Level
  • Living Room
  • Dining Room
  • Carpet
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Cooling System Utilizes Bottled Gas
  • Heating System Uses Propane
  • Well
  • Low Pressure Pipe

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 7-00.00-9520.00-01

Home Details

Home Type

Single Family

Est. Annual Taxes

$469

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Rambler, Ranch/Rambler
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Remarks Public: A real bargain, this home needs a little TLC but is a great buy. Located in the CR school district on a nice sized lot. Split bedroom design with large living room with gas fireplace. Sold as is. Conventional or cash offer only.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Flooring Type: Carpet
  • Fireplace: No
  • Foundation Details: Block, Crawl Space
  • Level Count: 1
  • Levels Count: 1
  • Room Count: 6
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Additional Bedroom
  • Basement: No
  • Street Number Modifier: 509

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Construction Materials: Stick Built, Vinyl Siding
  • Construction Completed: Yes
  • Roof: Shingle, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: Yes
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Bottled Gas/Propane
  • Heating Type: Propane
  • Heating: Yes
  • Sewer/Septic System: Low Pressure Pipe (LPP)
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Units: Acres

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 7-00.00-9520.00-01
  • County Tax Payment Frequency: Annually
  • Close Date: 09/30/2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2025
Sold by
Outler Raymond
Bought by
Outler Raymond and Outler Robin
Current Estimated Value
$331,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Outstanding Balance
$273,353
Interest Rate
6.87%
Mortgage Type
VA
Estimated Equity
$58,169

Purchase Details

Closed on
Dec 28, 2016
Sold by
Newman Lewis and Newman Donna
Bought by
Outler Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
4.03%
Mortgage Type
VA

Purchase Details

Listed on
Jul 9, 2014
Closed on
Sep 22, 2014
Sold by
Jpmorgan Chase Bank Na
Bought by
U S Department Of Veterans Affairs
Seller's Agent
Steve Schmidt
RE/MAX Horizons
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$139,000
Sold Price
$139,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.19%
Original Mortgage
$75,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 9, 2014
Closed on
Aug 18, 2014
Sold by
Jpmorgan Chase Bank Na
Bought by
Newman Lewis and Newman Donna
Seller's Agent
Steve Schmidt
RE/MAX Horizons
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$139,000
Sold Price
$139,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2013
Sold by
Matas Scheuerer Michael T and Matas Scheuerer Sarah K
Bought by
Jpmorgan Chase Bank Na

Purchase Details

Closed on
Mar 15, 2006
Sold by
Peregoy Maynard B and Peregoy Charity W
Bought by
Matas Scheuerer Michael T and Matas Scheuerer Sarah K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,536
Interest Rate
6.32%
Mortgage Type
VA
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
Outler Raymond -- None Listed On Document
Outler Raymond -- None Listed On Document
Outler Raymond $175,000 None Available
U S Department Of Veterans Affairs -- None Available
Newman Lewis $139,000 Liberty Title & Escrow Co
Jpmorgan Chase Bank Na -- None Available
Matas Scheuerer Michael T $6,330 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Outler Raymond $275,000
Closed Outler Raymond $275,000
Previous Owner Outler Raymond $175,000
Previous Owner Newman Lewis $75,000
Previous Owner Matas Scheuerer Michael T $215,536
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2014 09/30/14 Sold $139,000 0.0% --
08/05/2014 08/05/14 Pending -- -- --
07/09/2014 07/09/14 For Sale $139,000 -- --
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
2025 $469 $288,600 $90,900 $197,700
2024 $469 $288,600 $90,900 $197,700
2023 $1,299 $37,000 $6,500 $30,500
2022 $1,233 $37,000 $6,500 $30,500
2021 $1,216 $37,000 $6,500 $30,500
2020 $1,185 $37,000 $6,500 $30,500
2019 $1,151 $37,000 $6,500 $30,500
2018 $1,121 $37,000 $6,500 $30,500
2017 $1,098 $37,000 $0 $0
2016 $977 $35,300 $0 $0
2015 $856 $35,300 $0 $0
2014 $857 $35,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steve Schmidt

    Seller's Agent in 2014

    Steve Schmidt

    RE/MAX

    (302) 678-4326

    2 in this area

    147 Total Sales

    Steve Schmidt
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Map

Source: Bright MLS

MLS Number: 1001197634

Bright MLS

APN: 7-00-09520-01-1900-000

Delaware Kent County Magnolia 19962 Rising Sun-Lebanon

509 Cypress Dr Unit 1, Magnolia, DE

This home is located at 509 Cypress Dr Unit 1, Magnolia, DE 19962 since 09 July 2014 and is currently estimated at $331,522. 509 Cypress Dr Unit 1 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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