NOT LISTED FOR SALE

518 Lake Dr Middletown, DE 19709

Estimated Value: $494,000 - $607,000

4 Beds
2.5 Baths
2,250 Sq Ft
$251/Sq Ft Est. Value

Sale Details

Date Sold: September 27, 2012

Last sale price $285,000 $127 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $3,431 / mo

49 Days on Market

Highlights

  • 1.63 Acre Lot
  • Cape Cod Architecture
  • Wood Flooring
  • Bunker Hill Elementary School Rated A-
  • Deck
  • Attic

About This Home

As of September 2012

This 4 bedroom 2 1/2 bath home sits on 1.63 acres and has been completely updated. The first floor features The Master Bedroom and Master Bath with a double sink. Large dining room, Family room with brick fire place, Eat-in Kitchen, Laundry, and Powder bath. Upstairs there is three large bedrooms, full bath and cedar closet. Lower level features family room and a theatre/game room with new carpet, plenty of storage area and outside access via Bilco door. Oversized 2 car garage with openers. Heater and AC have been updated. Septic system about 2 years old, New slider, large deck, rear yard is fenced.

Last Agent to Sell the Property

Shirley Thorpe

(302) 285-5100 dwatlington@psre.com Patterson-Schwartz-Middletown License #R3-0016755 Listed on: 07/03/2012

Patterson-Schwartz-Middletown

Last Buyer's Agent

Laurie Ferris

(302) 541-8787 lferris60@gmail.com Iron Valley Real Estate at The Beach

Iron Valley Real Estate at The Beach

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,888

Year Built

  • Built in 1987

Lot Details

  • 1.63 Acre Lot
  • Lot Dimensions are 130 x 416
  • Level Lot
  • Property is in good condition
  • Property is zoned NC40

Parking

  • 2 Car Attached Garage
  • 3 Open Parking Spaces
  • Oversized Parking
  • Driveway

Home Design

  • Cape Cod Architecture
  • Brick Foundation
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,250 Sq Ft Home
  • Property has 1.5 Levels
  • Ceiling Fan
  • Brick Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Home Security System
  • Laundry on main level
  • Attic

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Deck

Schools

  • Bunker Hill Elementary School
  • Alfred G. Waters Middle School
  • Appoquinimink High School

Utilities

  • Forced Air Heating and Cooling System
  • Back Up Gas Heat Pump System
  • 200+ Amp Service
  • Well
  • Electric Water Heater
  • On Site Septic
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Meadowbrook Farms S Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1301210044

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,888

Year Built

Built in 1987

Lot Details

1.63 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • Inclusions: Refrigerator
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1987
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Oven - Wall, Dishwasher
  • Flooring Type: Wood, Fully Carpeted, Vinyl, Tile/Brick
  • Interior Amenities: Primary Bath(s), Ceiling Fan(s), Kitchen - Eat-In
  • Fireplace Features: Brick
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Foyer
  • Foundation Details: Brick/Mortar
  • Levels Count: 1.5
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Attic
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Fully Finished
  • Laundry Type: Main Floor
  • Total Sq Ft: 2250
  • Living Area Sq Ft: 2250
  • Net Sq Ft: 2250.00
  • Price Per Sq Ft: 133.29
  • Above Grade Finished Sq Ft: 2250
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Roof: Pitched, 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
  • Open Parking Spaces Count: 3
  • Garage Features: Oversized
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Type: Heat Pump - Gas Backup, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security System
  • Sewer/Septic System: On Site Septic
  • Utilities: Cable Tv
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • Elementary School: BUNKER HILL
  • High School: APPOQUINIMINK
  • Middle Or Junior School: ALFRED G. WATERS

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 1.63
  • Lot Dimensions: 130 X 416
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 71003.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Good
  • Zoning: NC40

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2357622
  • Tax Annual Amount: 1888.00
  • Assessor Parcel Number: 1301210044
  • Tax Year: 2011

MLS Schools

  • School District Name: APPOQUINIMINK

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2012
Closed on
Sep 27, 2012
Sold by
Bought by
Seller's Agent
Shirley Thorpe
Patterson-Schwartz-Middletown
Buyer's Agent
Laurie Ferris
Iron Valley Real Estate at The Beach
List Price
$319,900
Sold Price
$285,000
Premium/Discount to List
-$34,900
-10.91%
Current Estimated Value
$564,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$279,812
Avg. Annual Appreciation
5.09%
Original Mortgage
$294,400
Outstanding Balance
$199,511
Interest Rate
3.59%
Mortgage Type
VA
Estimated Equity
$365,301

Purchase Details

Closed on
Aug 27, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,125
Interest Rate
5.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,600
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$285,000 None Available
$249,500 None Available
$337,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $294,400
Previous Owner $187,125
Previous Owner $269,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/27/2012 09/27/12 Sold $285,000 -5.0% $127 / Sq Ft
08/21/2012 08/21/12 Pending -- -- --
08/17/2012 08/17/12 Price Changed $299,900 -6.3% $133 / Sq Ft
08/17/2012 08/17/12 For Sale $319,900 0.0% $142 / Sq Ft
07/24/2012 07/24/12 Pending -- -- --
07/03/2012 07/03/12 For Sale $319,900 -- $142 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,779 $615,700 $197,700 $418,000
2024 $3,779 $90,300 $15,900 $74,400
2023 $3,211 $90,300 $15,900 $74,400
2022 $3,234 $90,300 $15,900 $74,400
2021 $3,121 $88,200 $15,900 $72,300
2020 $3,085 $88,200 $15,900 $72,300
2019 $2,857 $88,200 $15,900 $72,300
2018 $2,749 $88,200 $15,900 $72,300
2017 $2,633 $88,200 $15,900 $72,300
2016 $2,405 $88,200 $15,900 $72,300
2015 $2,339 $88,200 $15,900 $72,300
2014 $2,334 $88,200 $15,900 $72,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004021934

Bright MLS

APN: 13-012.10-044

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