See Home Value
$448,000
● House - Off Market

508 LAKE DRIVE

MIDDLETOWN, DE 19709
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,350 Ft²
$2,473
Est. Monthly

About This Property

First time on the market!  This charming 3BR/2BA ranch home sits on a 1 acre lot in Meadowbrook Farms and has been lovingly maintained by the same family since being built in 1987.  The spacious eat-in kitchen includes quality oak cabinetry, ample counter space, a convenient built-in desk station and direct access to the rear deck which overlooks the back yard.  The primary suite offers a full private bathroom that was remodeled in 2017 and space to accomodate a king-size bed if desired.  The secondary bedrooms share access to a nearby full bath in the hall.  The full unfinished basement can be accessed using the interior staircase or the exterior Bilco doors, and adds an additional 1300+ square feet for storage and potential future finishing.  Other highlights of this move-in condition home include a side-entry two-car garage with door openers (2021), easy care flooring in the main living spaces, upgrades to rear deck (2025), water softener system, replaced all rain gutters (2015), and a spacious corner lot with plenty of space for parking.  Meadowbrook Farms is a quiet community with no HOA that is conveniently located off Route 71 with easy access to routes 1 and 301 as well as local amenities in Middletown.
Unit Size
1,350 Ft²
Days on Market
-
Land Size
1.02 acres
Price per sqft
$341
Property Type
House
Property Taxes
$214
HOA Dues
-
Year Built
1987

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Last updated: 2 months ago (Bright MLS #DENC2106192)

Price History

Date / Event Date Event Price
Aug 31, 2026 Sold
Sold
Jul 19, 2026 In contract -
In contract
Jun 30, 2026 Listed by Keller Williams Realty Central-Delaware $459,900
Listed by Keller Williams Realty Central-Delaware
Aug 1, 1987 Sold
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 8
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,431
  • Lot Size Depth Feet: 2,270
  • Lot Size Frontage Feet: 2,100
  • Total Building Area: 1,344
  • Gross Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 2
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MDWBRK FARMS SOUTH 2
  • Land Acres: 0000001020
  • Standard Land Use Code: 1001
  • County Land Use Code: 011

Neighborhood

  • School District Name: Appoquinimink School District
  • School Tax School District: TRS5
  • Census Tract: 016612

Zoning

  • Zoning: NC40

Geography

  • Assessors Map Reference: 13-012
  • District: 13
  • Parcel: 13-012.10-049
  • Lot: 26
  • Municipality: ST GEORGES HUNDRED
  • Latitude: 39.5051
  • Longitude: -75.7221

    Address

  • Full Address: 508 Lake Dr
  • Address - House Number: 508
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: DE
  • City Name: Middletown
  • Zip Code: 19709

Valuation

    Tax

  • Total Area: 1,350
  • Tax Year: 2023
  • Tax Amount: $89,400
  • Tax Rate Code Area: LC06;TRS5

    Appraisal Valuation

  • Standard Deviation: 0.1609
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 79
  • Final Value: 424,643
  • High Value: 493,005
  • Low Value: 356,280

    Market Valuation

  • Market Total Value: $326,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $71,200
  • Assessed Land Value: $15,000
  • Assessed Improvements Value: $56,200

    Exemptions

  • Senior Citizen Exemption : Yes

    Sales

  • Current Sale Recording Date: Aug 01, 1987
  • Current Sale Price:
  • Current Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Meadowbrook Farms South


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 541 Lewes Landing Road, MIDDLETOWN, DE, 19709

$2,850 /mo

  • 3 Beds
  • 2 Baths
  • 2,100 ft²
541 Lewes Landing Road, MIDDLETOWN, DE, 19709 Listing by Gobinatha MuthugowderPalani


Frequently Asked Questions

When was property at 508 Lake Drive built and last sold?
The property at 508 Lake Drive was built in 1987 and last sold on Jan 1, 1970 for $82,800.
How much is this home worth?
The estimated value of the home located at 508 Lake Drive is $464,499.
What are some comparable homes to 508 Lake Drive?
There are currently no comparable homes to 508 Lake Drive.