Professional Photos Coming Soon! Opportunity awaits on 1.7 acres in Magnolia! This 3-bedroom, 1.5-bath ranch offers nearly 2,000 square feet of living space and plenty of potential for a buyer ready to make it their own. While the home still needs some TLC, approximately $90,000 in improvements have already been completed in 2026, providing a substantial head start. Recent updates include a new roof; newly enclosed porch with tile flooring; new exterior doors; new side and rear windows; new siding and insulation along the side and rear of the home; and replaced gutters and downspouts. The skylights have also been sealed, and several trees have been removed from the property. Inside, wood flooring runs throughout much of the home, with the exception of the primary bedroom. The partially finished basement is fully encapsulated and equipped with two sump pumps, while two attic access points provide additional accessibility from the hallway and garage. An attached one-car garage with inside access completes the property. The property is being sold AS-IS and offers an opportunity for a buyer to continue the improvements and create a home that fits their vision. The HVAC system is present but is not currently operational, and no appliances are included. Seller has never occupied the property and will make no repairs. AS-IS Addendum is required with all offers. Looking for even more space? The neighboring 0.90-acre parcel is also being offered for sale separately. See MLS # DEKT2050920 for additional information.
For sale
$390,000
3116 Walnut Shade Rd, Magnolia, DE 19962
3beds
1,988sqft
Single Family Residence
Built in 1965
1.7 Acres Lot
$-- Zestimate®
$196/sqft
$-- HOA
What's special
- 19 days
- 661
- 50
Zillow last checked:
Listing updated:
Listed by:
Liza Orlando 302-670-9074,
Keller Williams Realty (302) 360-0300
Source: Bright MLS,MLS#: DEKT2050918
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Rooms
- Room types: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Basement, Storage Room, Utility Room, Bathroom 2, Bonus Room, Primary Bathroom
Primary bedroom
- Level: Main
- Area: 384 Square Feet
- Dimensions: 16 X 24
Bedroom 2
- Level: Main
- Area: 110 Square Feet
- Dimensions: 10 X 11
Bedroom 3
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13 X 11
Primary bathroom
- Level: Main
- Area: 20 Square Feet
- Dimensions: 5 X 4
Bathroom 2
- Level: Main
- Area: 40 Square Feet
- Dimensions: 8 X 5
Basement
- Level: Lower
- Area: 600 Square Feet
- Dimensions: 25 X 24
Bonus room
- Level: Main
- Area: 168 Square Feet
- Dimensions: 12 X 14
Dining room
- Level: Main
- Area: 187 Square Feet
- Dimensions: 11 X 17
Family room
- Level: Main
- Area: 221 Square Feet
- Dimensions: 13 X 17
Kitchen
- Level: Main
- Area: 231 Square Feet
- Dimensions: 11 X 21
Living room
- Level: Main
- Area: 247 Square Feet
- Dimensions: 13 X 19
Storage room
- Level: Lower
- Area: 45 Square Feet
- Dimensions: 5 X 9
Utility room
- Level: Lower
- Area: 600 Square Feet
- Dimensions: 25 X 24
Heating
- Wood Stove, Oil, Wood
Cooling
- Central Air, Electric
Appliances
- Included: Water Heater, Electric Water Heater
Features
- Attic, Ceiling Fan(s), Dining Area, Eat-in Kitchen
- Flooring: Hardwood, Tile/Brick, Carpet, Wood
- Basement: Sump Pump
- Number of fireplaces: 2
- Fireplace features: Wood Burning
Interior area
- Total structure area: 1,988
- Total interior livable area: 1,988 sqft
- Finished area above ground: 1,988
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Garage Faces Front, Inside Entrance, Asphalt, Attached, Driveway
- Attached garage spaces: 1
- Uncovered spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Enclosed, Porch
- Pool features: None
Lot
- Size: 1.7 Acres
Details
- Additional structures: Above Grade, Below Grade
- Additional parcels included: Adjacent 0.90acre vacant parcel, Offered separately. See MLS # DEKT2050920.
- Parcel number: NM0010400010800000
- Zoning: RMH
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch/Rambler
- Property subtype: Single Family Residence
Materials
- Stick Built
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- New construction: No
- Year built: 1965
- Major remodel year: 2026
Utilities & green energy
- Sewer: On Site Septic
- Water: Well
Community & HOA
Community
- Security: Smoke Detector(s), Security System, Exterior Cameras
- Subdivision: Normansmeade
HOA
- Has HOA: No
Location
- Region: Magnolia
Financial & listing details
- Price per square foot: $196/sqft
- Tax assessed value: $312,800
- Annual tax amount: $1,240
- Date on market: 9/23/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/24/2026 | Listed for sale | $390,000$196/sqft |
Source:  Bright MLS #DEKT2050918 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,253 | $312,800 |
| 2024 | -- | $312,800 +668.6% |
| 2023 | $1,029 +6% | $40,700 |
| 2022 | $971 +0.8% | $40,700 |
| 2021 | $963 +1.7% | $40,700 |
| 2020 | $947 +4.2% | $40,700 |
| 2019 | $909 +3.7% | $40,700 |
| 2018 | $876 +63.1% | $40,700 |
| 2017 | $537 +4.4% | $40,700 |
| 2016 | $514 | $40,700 |
| 2015 | -- | $40,700 |
| 2014 | -- | $40,700 |
| 2012 | -- | $40,700 |
| 2011 | -- | $40,700 |
| 2010 | -- | $40,700 +0.2% |
| 2009 | -- | $40,600 |
| 2008 | -- | $40,600 |
| 2007 | -- | $40,600 |
| 2005 | -- | $40,600 |
| 2004 | -- | $40,600 |
| 2002 | -- | $40,600 |
| 2001 | -- | $40,600 |
| 2000 | $346 | $40,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 19962
Nearby schools
Schools provided by the listing agent
- District: Caesar Rodney
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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