Google street view image for 506 Reed Rd, Milford, DE 19963

OFF MARKET

$328,787

•

2 ba

•

2,061

sq ft

506 Reed Rd, Milford, DE 19963

About this home

506 Reed Rd is a 2,061 square foot house on a 0.41 acre lot with 3 bedrooms and 2 bathrooms. Based on Redfin's Milford data, we estimate the home's value is $328,787.

Single-familyProperty Type

1975Year Built

0.41 acresLot Size

$160Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$328,787

$8,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 3.1% lower than the average sale price ($339K) of 6 comparable homes.

SOLD JUN 4, 2026
$355,000
A
3 beds2 baths1,828 sq ft
602 Marvel Rd, Milford, DE 19963
SOLD AUG 19, 2026
$330,000
B
3 beds2 baths1,376 sq ft
819 New St, Milford, DE 19963
SOLD JUL 14, 2026
$345,000
C
3 beds2 baths1,700 sq ft
111 School Pl, Milford, DE 19963
SOLD JUN 29, 2026
$305,000
D
3 beds2 baths3,088 sq ft
405 Lakelawn Dr, Milford, DE 19963
SOLD JUN 29, 2026
$370,000
E
4 beds2 baths1,852 sq ft
405 Marvel Rd, Milford, DE 19963
SOLD DEC 19, 2025
$330,000
F
3 beds2 baths1,553 sq ft
507 Caulk Rd, Milford, DE 19963

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Sell

$307,830

Est. take-home

List your home with Redfin and save $3,288

Rent

$1,677/mo

Redfin rental estimate

List your home for rent

Market trends in 19963, DE

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

99.0%

0.4% MoM

Median sale price

$355K

$154 MoM

Avg. days on market

47d

2 days MoM

Recently sold homes

2 MoM

New listings for sale

EARLY ACCESS
$269,900
3 beds2 baths1,319 sq ft
3503 S Sagamore Dr Unit L, Milford, DE 19963
$225,000
2 beds1 bath1,020 sq ft
20219 Cedar Beach Rd, Milford, DE 19963
(302) 864-2822
$259,000
2 beds2 baths1,017 sq ft
3802 S Sagamore Dr Unit G, Milford, DE 19963
(302) 645-6661
OPEN SAT, 12PM TO 2PM
$415,000
3 beds1.5 baths1,400 sq ft
7443 Shawnee Rd, Milford, DE 19963
(302) 360-0300
$399,500
4 beds3 baths1,953 sq ft
5803 Griffith Lake Dr, Milford, DE 19963
(302) 273-4998
$645,000
3 beds2.5 baths2,444 sq ft
8 Mews Rd, Milford, DE 19963
(302) 313-1600
$379,500
4 beds2 baths2,016 sq ft
644 Evans Dr, Milford, DE 19963
(302) 678-4300
$545,000
3 beds2 baths2,860 sq ft
17498 Wood Dr, Milford, DE 19963
(302) 422-2619
OPEN SAT, 10AM TO 12PM
$375,000
3 beds2 baths1,656 sq ft
22 W Yorktown Rd, Milford, DE 19963
(302) 674-4255
COMING SOON
$350,000
3 beds2 baths1,690 sq ft
31 W Saratoga Rd, Milford, DE 19963
(302) 703-1144
See all

Provided by Redfin

Sale history for 506 Reed Rd

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2026

$566 (−0.5%)

$39,300 + $123,150

$162,450

2025

$569 (−11.3%)

$39,300 + $123,150

$162,450

2024

$641 (−3.1%)

$39,300 + $123,150

$162,450

2023

$662 (+3.2%)

$3,100 + $17,400

$20,500

2022

$641 (−14.3%)

$3,100 + $17,400

$20,500

2019

$748 (−0.8%)

$3,100 + $17,400

$20,500

2018

$754 (−1.9%)

$3,100 + $17,400

$20,500

2017

$768 (+0.4%)

$3,100 + $17,400

$20,500

2016

$765 (+52.1%)

$3,100 + $17,400

$20,500

2014

$503

$3,100 + $17,400

$20,500

Tax history for 506 Reed Rd

Year

Property tax

Land + Additions

Assessment*

2026

$566 (−0.5%)

$39,300 + $123,150

$162,450

2025

$569 (−11.3%)

$39,300 + $123,150

$162,450

2024

$641 (−3.1%)

$39,300 + $123,150

$162,450

2023

$662 (+3.2%)

$3,100 + $17,400

$20,500

2022

$641 (−14.3%)

$3,100 + $17,400

$20,500

2019

$748 (−0.8%)

$3,100 + $17,400

$20,500

2018

$754 (−1.9%)

$3,100 + $17,400

$20,500

2017

$768 (+0.4%)

$3,100 + $17,400

$20,500

2016

$765 (+52.1%)

$3,100 + $17,400

$20,500

2014

$503

$3,100 + $17,400

$20,500

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning and permits

Zoning
Permits

R-1

Single-Family Residential District

The intent of the R-1 Residential District is to preserve the spacious residential atmosphere and quality of living of existing low-density residential development, to provide for the orderly and appropriate development of new low-density housing and to allow related uses that would not be detrimental to the residential character of the district.

Permitted uses

Include but are not limited to:

Agriculture
General retail
Restaurant
Housing-Group
Housing-Single unit
Housing-Student
Bed & breakfast
Office
Public service
Park & open space

Property details

Interior

Basement Information
Basement Sq. Ft: 1,644

Bathroom Information
# of Bathroom Fixtures: 6

Heating & Cooling
Air Conditioning Type: Central
Heating Type: Steam Hot Water

Fireplace Information
# of Fireplaces: 1
Has Fireplace

Room Information
# of Rooms: 6

Exterior

Exterior Information
Foundation Type: Masonry
Construction Type: Brick/Frame
Exterior Wall: Frame/Block
Roof Shape Type: Gable

Property Information
Subdivision Name: MILFORD
Living Sq. Ft: 2,061
Building Sq. Ft: 4,153
# of Stories: 1
Stories Type: 1
Legal Description: LAKELAWN ESTS REED RD LOT 9 P/O LOT 10 BLK D

Parking & Garage Information
Parking Type: Built-In Garage
Garage/Parking Sq. Ft: 448
Garage / Carport Type: Built In

Lot Information
# of Buildings: 1
Land Sq. Ft: 17,921
Legal Lot Number: 9
Legal Block Number: D
School Tax District: MILFORD
Municipality Name: MILFORD
Acres: 0.4114
Zoning Code: TN
County Use Description: SINGLE FAMILY DWELLING

Financial

Assessor Information
Assessment Year: 2026

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 2,061
Stories: 1.0
Lot Size: 0.41 acres
Style: Single Family Residential
Year Built: 1975
Year Renovated: —
County: Sussex County
APN: 130-3.07-63.00

Home facts updated by county records on Aug 24, 2026

Around this home

Schools

Mispillion Elementary

Public 1-5 • Assigned • 1.2mi

6/10

Milford Central Academy

Public 6-8 • Assigned • 1.8mi

3/10

Milford Senior High School

Public 9-12 • Assigned • 1.7mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

8/10 Heat Factor

7 days above 102° expected this year, 17 days in 30 years

7/10 Wind Factor

78% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Milford, DE • 19963

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.2 hours in June and 5 hours in December, which is comparable to the U.S. average for solar exposure.

9.2 hrs

5 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$313,000 – $379,000

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Nearby similar homes

$225,000

2 beds1 bath1,020 sq ft

20219 Cedar Beach Rd, Milford, DE 19963

(302) 864-2822

OPEN SAT, 12PM TO 2PM

$304,900

4 beds2 baths1,616 sq ft

411 North St, Milford, DE 19963

(844) 837-5274

NEW CONSTRUCTION

$488,600

3 beds2 baths2,012 sq ft

302 Greenbrook Dr, Milford, DE 19963

(302) 227-4800

3D WALKTHROUGH

$395,000

2 beds2 baths1,730 sq ft

20583 Smithfield Cir, Milford, DE 19963

(302) 645-2881

$564,900

3 beds2.5 baths4,941 sq ft

28 W Clarke Ave, Milford, DE 19963

(302) 741-4545

$645,000

3 beds2.5 baths2,444 sq ft

8 Mews Rd, Milford, DE 19963

(302) 313-1600

New listings for sale in 19963

EARLY ACCESSCOMPASS COMING SOON

$269,900

3 beds2 baths1,319 sq ft

3503 S Sagamore Dr Unit L, Milford, DE 19963

$225,000

2 beds1 bath1,020 sq ft

20219 Cedar Beach Rd, Milford, DE 19963

(302) 864-2822

$259,000

2 beds2 baths1,017 sq ft

3802 S Sagamore Dr Unit G, Milford, DE 19963

(302) 645-6661

OPEN SAT, 12PM TO 2PM

$415,000

3 beds1.5 baths1,400 sq ft

7443 Shawnee Rd, Milford, DE 19963

(302) 360-0300

$399,500

4 beds3 baths1,953 sq ft

5803 Griffith Lake Dr, Milford, DE 19963

(302) 273-4998

$645,000

3 beds2.5 baths2,444 sq ft

8 Mews Rd, Milford, DE 19963

(302) 313-1600

$379,500

4 beds2 baths2,016 sq ft

644 Evans Dr, Milford, DE 19963

(302) 678-4300

$545,000

3 beds2 baths2,860 sq ft

17498 Wood Dr, Milford, DE 19963

(302) 422-2619

OPEN SAT, 10AM TO 12PM

$375,000

3 beds2 baths1,656 sq ft

22 W Yorktown Rd, Milford, DE 19963

(302) 674-4255

Home values near 506 Reed Rd

Data from public records.

Address	Redfin Estimate
505 Reed Rd, Milford, DE 3 Beds \| 2 Baths \| 1449 Sq. Ft.	$335,944
509 Reed Rd, Milford, DE 3 Beds \| 2 Baths \| 2258 Sq. Ft.	$340,418

Address	Redfin Estimate
503 Reed Rd, Milford, DE 3 Beds \| 1.5 Baths \| 1650 Sq. Ft.	$332,757
507 Reed Rd, Milford, DE - Beds \| 2 Baths \| 858 Sq. Ft.	$325,718

Address	Redfin Estimate
508 Reed Rd, Milford, DE 3 Beds \| 2 Baths \| 1852 Sq. Ft.	$488,174
326 Lakelawn Dr, Milford, DE 3 Beds \| 2 Baths \| 1729 Sq. Ft.	$367,796

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 19963, DE

Sale history for 506 Reed Rd

Tax history for 506 Reed Rd

Zoning and permits

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 19963

Home values near 506 Reed Rd

More real estate resources