2 months on rocket

505 Reed Rd, Milford, DE, 19963

$378,000

Home List Price

$4,489*

Closing Credit

3 Bedrooms
2 Full Baths
2,172 SqFt
$174/SqFt
House
Schools Nearby

Location

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505 Reed Rd, Milford$378,000

Buyer Closing Credits

$4,489*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAdditional Storage Area, Inside Access, Driveway, Attached Garage
Garage1 space
Year Built1974
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #DESU2056640
Lot Size0.28 Acres
StatusActive
(ACTIVE)

About 505 Reed Rd

Welcome to your fully renovated dream home in the heart of Milford! This charming 3-bedroom, 2-bathroom residence boasts modern upgrades throughout, including a new Kitchen, new roof, new flooring, and a new HVAC system. The adorable layout features a large sunroom that floods the home with natural light, creating a warm and inviting atmosphere perfect for relaxation or entertaining that can easily be made into year round use. Step outside to your fenced-in backyard, offering ample space for outdoor activities, gardening, or simply enjoying the fresh air in privacy. Centrally located in the heart of Milford, this home provides convenient access to local amenities, shops, and restaurants, ensuring a lifestyle of comfort and convenience. Don't miss out on the opportunity to make this beautifully renovated property your new home sweet home! Schedule a viewing today.

Property Details

Property Features

Property Information:

  • Architectural Style: Cape Cod
  • Year Built: 1974
  • Living Area: 2,172 SqFt

Listing Office:

  • Office Name: NextHome Tomorrow Realty
  • Office Phone: (302) 601-4171
  • Listing Agent: STACI WALLS

Interior Features

Interior Information:

  • Appliances: Microwave, Dishwasher, Dryer, Oven, Refrigerator, Washer
  • Basement: Yes
  • Interior: Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Family Room Off Kitchen, Kitchen - Eat-In

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Parking: Additional Storage Area, Inside Access, Driveway, Attached Garage

Lot Features

Lot Information:

  • Lot Size: 0.28 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Milford Senior High School, Public District Grades 8-12
  • Milford Central Academy, Public District Grades 6-8
  • Mispillion Elementary School, Public District Grades 1-5

Other

Directions Information:

  • Directions: 113 to

Price Information

Listing Price Info

Price Summary:

  • List Price: $378,000
  • Price Per SqFt: $174/SqFt

Tax Information:

  • Annual Amount: $662
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Milford, DE.

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Milford, DE

City

Med. Sold Price

$334.1K

Med. Price/SqFt

$204

Avg. Days On Market

70

# of Sold Homes

17

505 Reed Rd vs Milford

65 DAYS ON ROCKET

-5 Days

$378,000

+$43.8K More

$174/SqFt

-$31 Less

KEY TAKEAWAY

This property is $43.8K more than the Median Sold Price and $31/SqFt less than other homes in Milford, DE.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #DESU2056640

Listing Office:

  • Office Name: NextHome Tomorrow Realty
  • Office Phone: (302) 601-4171
  • Listing Agent: STACI WALLS

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 12:10:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$662$11,950
2020$664$11,950
2018$673$11,950
2017$681$11,950

History based on county public records data.

Payment Calculator

$1,954

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,200

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1770624
4
/10

  • Mispillion Elementary School

  • 311 Lovers Ln

  • 1.16 miles

  • Public District Grades 1-5

Middle School

school-card-donut-1770625
3
/10

  • Milford Central Academy

  • 1021 N Walnut St

  • 1.61 miles

  • Public District Grades 6-8

High School

school-card-donut-1770626
3
/10

  • Milford Senior High School

  • 1019 N Walnut St

  • 1.67 miles

  • Public District Grades 8-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $74,091. Most Milford, DE residents have annual incomes between $35k-100k. Typical family type is married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 Reed Rd

What is the listing price of this property?

The listing price of 505 Reed Rd property is $378,000.

What type of property is this?

The property 505 Reed Rd is a house located in Milford, Delaware, 19963.

Is this property for sale now?

Active Listing: 505 Reed Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 505 Reed Rd are:
Mispillion Elementary School: GreatSchools Rating 4/10
Milford Central Academy: GreatSchools Rating 3/10
Milford Senior High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $662 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 505 Reed Rd has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 505 Reed Rd is 2,172 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 Reed Rd is 1974.

Rocket Homes›Delaware›Sussex County›Milford›19963›505 Reed Rd

This home is located at 505 Reed Rd in Milford, DE and zip code 19963. This 2,172 square foot home, which was built in 1974, sits on a 0.28 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 22, 2024 and is currently priced at $378,000.

In March 2024 more than 4 listings in Milford, DE were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 9 were sold below. Between February 2024 and March 2024, Milford, DE real estate market has seen increase in the number of listings by 1.1%. While the average time on the market in March 2024 was 70 days, the median list price was $334,166.

From Rocket Homes Real Estate and based on county public records data.

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