NOT LISTED FOR SALE

556 Masters Ln Magnolia, DE 19962

Estimated Value: $508,000 - $683,000

4 Beds
3.5 Baths
3,314 Sq Ft
$188/Sq Ft Est. Value

Last Sold September 30, 2015

Last sale price $301,600 $91 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $3,505/month

6 Days on Market

Highlights

  • In Ground Pool
  • 1.8 Acre Lot
  • 1 Fireplace
  • Allen Frear Elementary School Rated A
  • Contemporary Architecture
  • No HOA

About This Home

As of September 2015

Pre-Approved price by lender. This house is in need of an entire overhaul. Short sale and sold in as-is condition and subject to third party approval. Seller will do no repairs and will not remove any debris and items in house. Please use extreme caution when showing home. House is filled with junk and debris.

Last Agent to Sell the Property

Lyman Chen

(302) 420-3576 Lymanchen@aol.com RE/MAX Edge Listed on: 05/09/2015

Last Buyer's Agent

Peter Shade

(302) 674-4220 pshade@burnsandellis.com Burns & Ellis Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,512

Year Built

  • Built in 1996

Lot Details

  • 1.8 Acre Lot
  • Property is zoned AC

Home Design

  • Contemporary Architecture
  • Aluminum Siding

Interior Spaces

  • 3,314 Sq Ft Home
  • Property has 2 Levels
  • 1 Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen
  • Laundry on main level

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3.5 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 6 Parking Spaces

Pool

  • In Ground Pool

Schools

  • W.B. Simpson Elementary School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Natural Gas Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association
  • Jonathans Landing Subdivision

Listing and Financial Details

  • Tax Lot 2000-000
  • Assessor Parcel Number NM-00-10501-01-2000-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,512

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1996
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Kitchen - Eat-In
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Main Floor
  • Total Sq Ft: 3314
  • Living Area Sq Ft: 3314
  • Net Sq Ft: 3314.00
  • Price Per Sq Ft: 91.01
  • Above Grade Finished Sq Ft: 3314
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding
  • Construction Completed: No
  • Pool Features: In Ground
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 3
  • Total Garage And Parking Spaces: 6

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: On Site Septic
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Elementary School: W.B. SIMPSON

Lot Info

  • Lot Size Acres: 1.80
  • Lot Dimensions: 1
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 78408.00
  • Zoning: AC

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2465756
  • Tax Annual Amount: 2512.00
  • Assessor Parcel Number: NM-00-10501-01-2000-000
  • Tax Lot: 2000-000
  • Tax Year: 2014

MLS Schools

  • School District Name: CAESAR RODNEY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 2021
Sold by
Lutman Miguel and Lutman Heidi D
Bought by
Jensen Jonathan T
Current Estimated Value
$624,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$673,400
Outstanding Balance
$609,680
Interest Rate
2.9%
Mortgage Type
VA
Estimated Equity
$14,528

Purchase Details

Listed on
May 9, 2015
Closed on
Sep 23, 2015
Sold by
Deallie Carl F and Deallie Angelina B
Bought by
Lutman Miguel and Lutman Heidi D
Seller's Agent
Lyman Chen
RE/MAX Edge
Buyer's Agent
Peter Shade
Burns & Ellis Realtors
List Price
$250,000
Sold Price
$301,600
Premium/Discount to List
$51,600
20.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.37%
Original Mortgage
$241,281
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2002
Bought by
Deallie Carl F and Schaller Vincent E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Jensen Jonathan T $650,000 None Available
Lutman Miguel $301,660 None Available
Deallie Carl F $340,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jensen Jonathan T $673,400
Previous Owner Lutman Miguel $241,281
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2015 09/30/15 Sold $301,600 0.0% $91 / Sq Ft
06/11/2015 06/11/15 Price Changed $301,600 +20.6% $91 / Sq Ft
05/15/2015 05/15/15 Pending -- -- --
05/09/2015 05/09/15 For Sale $250,000 -- $75 / 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
2025 $2,695 $563,300 $160,000 $403,300
2024 $2,695 $563,300 $160,000 $403,300
2023 $4,142 $130,700 $30,800 $99,900
2022 $6,739 $130,700 $30,800 $99,900
2021 $244 $130,700 $30,800 $99,900
2020 $3,271 $123,500 $30,800 $92,700
2019 $3,139 $123,500 $30,800 $92,700
2018 $3,038 $123,500 $30,800 $92,700
2017 $2,963 $123,500 $0 $0
2016 $2,852 $123,500 $0 $0
2015 $2,844 $147,300 $0 $0
2014 $2,836 $147,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lyman Chen

    Seller's Agent in 2015

    Lyman Chen

    RE/MAX

    (302) 420-3576

    35 Total Sales

    Lyman Chen
    Section Image
  • Peter Shade

    Buyer's Agent in 2015

    Peter Shade

    Burns & Ellis Realtors

    (302) 674-4220

    7 in this area

    62 Total Sales

    Peter Shade
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002599306

Bright MLS

APN: 7-00-10501-01-2000-000

Delaware Kent County Magnolia 19962

556 Masters Ln, Magnolia, DE

Not Listed for Sale

Detached

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