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505 Lakewood Dr , Milford, DE 19963
$550,000
Est. Payment: $3,007.85/mo
4 Bed
3 Bath
2126 Sqft
0.58 Acres
Status: active | Days on site: 161
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NRP14 - 3316719
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House Description

Tucked away at the end of non-through street and surrounded by mature trees, this beautifully renovated 1950s brick home offers something increasingly rare, authentic character, timeless craftsmanship, and a setting filled with privacy and charm. Far from a cookie-cutter property, this sturdy brick residence was built to last and has been thoughtfully reimagined with a fresh contemporary farmhouse aesthetic while preserving its enduring appeal. A welcoming front porch leads to a stunning decorative wood entry door, setting the tone for the stylish interiors beyond. Inside, you'll find crisp white walls, elegant crown molding, farmhouse-inspired lighting, and a soothing neutral color palette that creates a warm and inviting atmosphere. Black fixtures and hardware throughout add a sophisticated modern contrast, while luxury vinyl plank flooring flows seamlessly through most of the main level. To the left of the foyer, the spacious primary suite serves as a private retreat, featuring crown molding, recessed lighting, and a sliding barn door leading to a beautifully appointed en suite bath. The bath includes dual vanities, a walk-in shower with a rain showerhead, and a private water closet. To the right, a generously sized family room welcomes gatherings with crown molding and recessed lighting, opening effortlessly into the heart of the home. The beautifully updated kitchen features quartz countertops, a breakfast-bar island, stainless steel appliances, and a convection self-cleaning oven. Just beyond, the formal living room offers a striking black-and-white painted brick wood-burning fireplace, creating the perfect focal point for cozy evenings and holiday celebrations. The formal dining room is equally inviting, highlighted by a dramatic black chandelier, crown molding, and chair rail detailing that add elegance and character to every gathering. Down the hallway, you'll find two comfortable guest bedrooms with plush carpeting, a full hall bath with a tub/shower combination, a linen closet, and a second primary suite. This additional suite features plush carpeting and a private en suite bath complete with a tiled shower, classic black fixtures, and a rain showerhead, making it ideal for guests or multi-generational living. The full unfinished basement provides exceptional storage and future possibilities. It houses the laundry area, an oversized water heater installed in 2022, Bilco doors, and walk-up access to the backyard. A Generac whole-house generator and water treatment systemoffers additional peace of mind year-round. Outside, the property continues to impress. The oversized backyard provides ample room for outdoor entertaining, gardening, or recreation and includes a paver patio, storage shed, and a dramatic black wrought-iron gate that creates a memorable entrance at the end of the long private driveway. An attached two-car garage with automatic openers offers convenient access from both the driveway and rear patio. Visit the quaint town of Milford a short distance away. With shops and eateries. And the Milford Riverwalk. And you are still less than an hour to the Delaware beaches! Rich in character, thoughtfully renovated, and nestled in a private wooded setting, this exceptional home combines the quality and craftsmanship of a bygone era with the style and conveniences today's buyers desire. Some exterior photos have been virtually enhanced for presentation purposes.

Highlights

Listed by Kevin J Hammersmith , 3013703147 Northrop Realty , 3029479100. Bright MLS

Property Type

Residential

Lot/Acreage
0.58

Year Built

1954

County

Sussex

Area

Cedar Creek Hundred (31004)

Neighborhood

Chestnut Knoll Acres

School District

Milford

Listing ID

DESU2095850

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Appliances:Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Exhaust Fan, Freezer, Icemaker, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Conditioner - Owned, Water Heater
Air Cond:Central A/C,Heat Pump(s),Ceiling Fan(s)
Fireplaces:Wood,Brick,Fireplace - Glass Doors,Mantel(s),1 Fireplace
Floor:Luxury Vinyl Plank,Partially Carpeted
Above Ground Sq Ft:2126
Basement:Rear Entrance,Unfinished,Connecting Stairway,Daylight,Full,Interior Access,Sump Pump,Walkout Stairs,Windows,Outside Entrance
Other:
  • ▪ Main Floor Bedrooms:4
  • ▪ Additional:Breakfast Area, Carpet, Ceiling Fan(s), Chair Railings, Combination Kitchen/Living, Crown Moldings, Dining Area, Entry Level Bedroom, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Island, Pantry, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Water Treat System, Window Treatments, Cats OK, Dogs OK, Pets Allowed
Water:Well

Exterior Features

Lot:Backs to Trees,Corner,Front Yard,Landscaping,Level,No Thru Street,SideYard(s),Rear Yard,Trees/Wooded,Not New Construction,Horse Property: No
Lot Dimensions:134.00 x 156.00
Garage Capacity:2
Zoning:MR
Roof:Architectural Shingle,Pitched
Others:
  • ▪ Additional:Exterior Lighting, Extensive Hardscape
Sewer:Septic Exists
Parking Features:Asphalt Driveway,Garage - Side Entry,Garage Door Opener,Additional Storage Area,Attached Garage,2+ Spaces,1+ Spaces
Principal Interest
$3,008
Taxes
$100

Home Price

$550,000

Loan Details

30 yrs
7.271%

Down Payment

20%
$110,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,007.85

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,007.85 $99.83 $0.00 $3,107.68
Yearly $36,094.15 $1,198.00 $0.00 $37,292.15
Total $1,082,824.35 $35,940.00 $0.00 $1,118,764.35
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Milford, DE).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T11:13:36.000Z

© 2026 Bright MLS