Last Sold Price
13,068 Lot Size0.3 Acres
508 Reed, Milford, DE 19963

Description

Having a hard time finding a resale home in today's market? Build your own! This beautiful .3 acre lot in Milford's sought after Lakelawn Estates neighborhood is ready for you to bring your creativity and create the home you've been dreaming of. Energy efficient Insight Homes is happy to help-- choose from many of their charming designs- or bring your own builder! No tie-in. Public water and sewer! This established community sits along the banks of Silver Lake and features a mix of traditional one...Having a hard time finding a resale home in today's market? Build your own! This beautiful .3 acre lot in Milford's sought after Lakelawn Estates neighborhood is ready for you to bring your creativity and create the home you've been dreaming of. Energy efficient Insight Homes is happy to help-- choose from many of their charming designs- or bring your own builder! No tie-in. Public water and sewer! This established community sits along the banks of Silver Lake and features a mix of traditional one and two story homes. Every convenience from grocery stores to medical facilities, is just a short drive away. Looking for a beach day? Rehoboth's famous boardwalk and beaches are just 25 miles south. Attractively priced and ready to go!
LISTING CLOSED: 03/30/2021 12:00 AM

  1. Listed by Erin S. Lee • Keller Williams Realty
    P: (302) 470-0281 erinslee@kw.com

Property Details for 508 Reed

Status
MLS #
DESU178430
Days on Market
3
Taxes
$191 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Land / Fee Simple
Year Built
-
Lot Size
0.30 AC
Tax ID Number
13-03.07-61.01
Ownership
Fee Simple
HOA
No
Waterfront
No
Views
Street, Garden/Lawn
Garage
No
Central Air
No
New Construction
No
Construction Completed
No

Recent comparable sales

Median sold price

$125,000

Avg days on market

111

Sale-to-list ratio

84.6%

Milford, DE

9 comparable properties found

a view of a city
1/21
1

$49,000

Sold 04/21/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.38
Acres
$47,500 | 813 2nd Street Southeast, Milford, DE 19963
1/2
2

$47,500

Sold 09/24/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.17
Acres
3

$75,000

Sold 01/31/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.48
Acres
4

$75,000

Sold 07/24/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.3
Acres
a view of a lake with an outdoor space
1/8
5

$600,000

Sold 05/05/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
6.8
Acres
$385,000 | Lot 1-3 Williamsville Road, Milford, DE 19963
1/22
6

$385,000

Sold 10/18/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
3.1
Acres
$177,500 | Lot 7 Lake Crest Drive, Milford, DE 19963
1/13
7

$177,500

Sold 04/02/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1
Acres
an aerial view of a residential houses with outdoor space
1/3
8

$266,000

Sold 05/08/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
8.9
Acres
unknown
1/2
9

$125,000

Sold 02/21/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.73
Acres

Location

Listing Courtesy of Keller Williams Realty

Sold By RE/MAX TWIN COUNTIES INC

Add your commute

Building Information for 508 Reed

Lot Size0.30 AC

Payment Calculator

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$308 per month

30 year fixed, 6.55% Interest

Principal and Interest

$292

Property Taxes

$16

HOA Dues

$0

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Property Information for 508 Reed

Location
Location
  • In City Limits: Yes
  • School District Name: CAPE HENLOPEN
  • School District County ID: 300200396895
  • SchoolDistrictSource: Listing Agent
  • County: SUSSEX
  • MLS Area: Lewes Rehoboth Hundred (31009)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2020
  • Tax Assessed Value: $7,360
  • Year Assessed: 2020
  • County Tax: $147
  • Improvement Assessed Value: $6,000
  • City Town Tax: $44
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: 008
  • Agricultural Tax Due: No
  • Zoning: GENERAL RESIDENTIAL
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Lease In Effect: No
  • Concessions: No
Building Info
Building Info
  • Possible Use: Residential
Lot / Land Information
Farm Information
  • Farm Land Preservation Y/N: No
Lot / Land Information
  • Lot Size Source: Assessor
  • Current Use: Vacant
  • Road Surface Type: Paved
  • Road Responsibility: City/County
  • Location Type: Middle Of Block
  • Parcel ID: 11254701
  • Additional Parcels: No
  • Ground Rent Exists: No
Utilities
Utilities
  • Utilities: Electric Available, Sewer Available, Water Available
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office

Property History for 508 Reed

DateEvent & SourcePriceAppreciation
Mar 30, 2021

Closed

BRIGHT #DESU178430

$57,500
Mar 5, 2021

Pending

BRIGHT #DESU178430

Mar 3, 2021

Listed (Active)

BRIGHT #DESU178430

$49,900
DateEvent & SourcePrice
03/30/2021

Closed

BRIGHT #DESU178430

$57,500
03/05/2021

Pending

BRIGHT #DESU178430

03/03/2021

Listed (Active)

BRIGHT #DESU178430

$49,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 508 Reed

This home is within Milford School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
Mispillion Elementary
Public1 to 5

Milford Central Academy
Public6 to 8

Milford Senior High School
Public9 to 12

Milford ILC
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 508 Reed, Milford, DE 19963
$57,500
13,068
$475,000
3
1,852
13,068
3
1,806
17,921
$177,000
4
17,859
$114,900
4
1,850
12,632
2
1,534
19,524

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.