$417,000 - $465,000
RENTED APR 25, 2025

56 Point Landing Ln Magnolia, DE 19962

Rising Sun-Lebanon Neighborhood
4 Beds
3 Baths
2,387 Sq Ft
$182 Price per Sq Ft

Last Sold August 03, 2020

Last sale price $325,000 $136 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,593/month

About This Home

As of August 2020

This 4 bedroom, 2.5 bath home is located in the CR school district and minutes to RT 1 access, DAFB, shopping and restaurants. Features include fenced in backyard, 2 car garage, full unfinished basement, granite countertops in the kitchen, stainless steel appliances, backsplash, open floor plan, and many more.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2020
Closed on
Aug 7, 2020
Sold by
Reece Garrett W and Reece Erica P
Bought by
Lmg Llc
Seller's Agent
Ivy-lyn Sia
Welcome Home Realty
Buyer's Agent
Ivy-lyn Sia
Welcome Home Realty
Sold Price
$2,000
Current Estimated Value
$434,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$432,225
Avg. Annual Appreciation
6.22%
Original Mortgage
$260,000
Outstanding Balance
$233,217
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$201,008

Purchase Details

Closed on
May 20, 2015
Sold by
U & I Investments Llc
Bought by
Reece Garrett W and Reece Erica P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,217
Interest Rate
3.62%
Mortgage Type
VA

Purchase Details

Closed on
Mar 21, 2014
Sold by
Pointe Landing Llc
Bought by
U & I Investments Llc

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Lmg Llc $325,000 None Available
Reece Garrett W $249,000 None Available
U & I Investments Llc $975,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lmg Llc $260,000
Previous Owner Reece Garrett W $257,217
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 Rented $2,400 0.0% --
04/10/2025 04/10/25 For Rent $2,400 +4.3% --
01/25/2023 01/25/23 Rented $2,300 0.0% --
01/19/2023 01/19/23 Off Market $2,300 -- --
12/14/2022 12/14/22 For Rent $2,300 +2.2% --
04/14/2022 04/14/22 Rented $2,250 0.0% --
04/04/2022 04/04/22 Off Market $2,250 -- --
03/22/2022 03/22/22 For Rent $2,250 +12.5% --
08/24/2020 08/24/20 Rented $2,000 0.0% --
08/21/2020 08/21/20 Off Market $2,000 -- --
08/17/2020 08/17/20 For Rent $2,000 0.0% --
08/11/2020 08/11/20 Price Changed $334,900 +3.0% $140 / Sq Ft
08/03/2020 08/03/20 Sold $325,000 -3.0% $136 / Sq Ft
07/09/2020 07/09/20 Pending -- -- --
07/06/2020 07/06/20 For Sale $334,900 -- $140 / Sq Ft

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
2024 $1,938 $390,300 $106,000 $284,300
2023 $1,846 $57,500 $4,300 $53,200
2022 $1,744 $57,500 $4,300 $53,200
2021 $1,713 $57,500 $4,300 $53,200
2020 $1,720 $57,500 $4,300 $53,200
2019 $1,660 $57,500 $4,300 $53,200
2018 $1,603 $57,500 $4,300 $53,200
2017 $1,574 $57,500 $0 $0
2016 $1,492 $57,500 $0 $0
2015 -- $57,500 $0 $0
2014 -- $400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ivy-lyn Sia

    Seller's Agent in 2025

    Ivy-lyn Sia

    Welcome Home Realty

    (302) 724-9142

    2 in this area

    138 Total Sales

    Ivy-lyn Sia
    Section Image

  • M

    Buyer's Agent in 2023

    Manel Hamblin

    Welcome Home Realty

    (302) 943-8875

    3 Total Sales

    Manel Hamblin
    Section Image
  • Bryanna Melvin

    Buyer's Agent in 2022

    Bryanna Melvin

    The Parker Group

    (302) 535-0415

    1 in this area

    14 Total Sales

    Bryanna Melvin
    Section Image
  • Tyler Patterson

    Seller's Agent in 2020

    Tyler Patterson

    Myers Realty

    (302) 272-3208

    1 in this area

    74 Total Sales

    Tyler Patterson
    Section Image
  • John Welcome

    Buyer's Agent in 2020

    John Welcome

    Welcome Home Realty

    (302) 724-4310

    4 in this area

    64 Total Sales

    John Welcome
    Section Image
See All Agents

Map

Delaware Kent County Magnolia 19962 Rising Sun-Lebanon

56 Point Landing Ln, Magnolia, DE

Homes for Sale in Magnolia, DE

This home is located at 56 Point Landing Ln, Magnolia, DE 19962 and is currently estimated at $434,225, approximately $181 per square foot. 56 Point Landing Ln 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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