$70,000
SOLD APR 25, 2025

11 N Railroad Ave Georgetown, DE 19947

0.49 Acre
$142,857 Price per Acre
21,344 Sq Ft Lot

Recently Sold

26% Below List Price

147 Days on Market

About This Lot

As of April 2025

Commercial parcel located in city limits which is the former location of a coin-operated laundry and dry cleaning business. The building has been demolished and is ready for your business ideas! Public water and sewer available. Located close to the Georgetown Circle, restaurants and medical facilities.
Update: EPA will require access to monitor that the remediation has been effective at no financial responsibility to the new owner.

Last Agent to Sell the Property

KAREN FLOWERS

(302) 858-6655 karen@jacklingo.com Jack Lingo - Rehoboth License #RS-0020733 Listed on: 11/01/2024

Jack Lingo - Rehoboth

Last Buyer's Agent

KAREN FLOWERS

(302) 858-6655 karen@jacklingo.com Jack Lingo - Rehoboth License #RS-0020733 Listed on: 11/01/2024

Jack Lingo - Rehoboth

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $747

Lot Details

  • 0.49 Acre Lot
  • Lot Dimensions are 120x60x119.91x40
  • Cleared Lot
  • Property is zoned C1

Utilities

  • 220 Volts
  • Propane

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 135-14.20-235.00

Property Details

Property Type

Land

Est. Annual Taxes

$747

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Current Use: Vacant
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 4.45

Exterior Features

  • Construction Completed: No
  • Road Surface Type: Paved, Us Highway/Interstate
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Electric Service: 220 Volts
  • Sewer/Septic System: Public Sewer
  • Utilities: Propane
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Features: Cleared
  • Lot Size Acres: 0.49
  • Lot Dimensions: 120x60x119.91x40
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 21344.00
  • Zoning: C1
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 376.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 747.00
  • Assessor Parcel Number: 135-14.20-235.00
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2024
Closed on
Apr 25, 2025
Sold by
Restoration Worship Center Inc
Bought by
M & M Rod Llc
Seller's Agent
KAREN FLOWERS
Jack Lingo - Rehoboth
Buyer's Agent
KAREN FLOWERS
Jack Lingo - Rehoboth
List Price
$95,000
Sold Price
$70,000
Premium/Discount to List
-$25,000
-26.32%
Views
24
Current Estimated Value
$70,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$555
Avg. Annual Appreciation
1.24%

Purchase Details

Closed on
Mar 5, 2021
Sold by
Booth Joseph W and Booth Margaret
Bought by
Restoration Worsh Ctr Inc

Purchase Details

Closed on
Sep 2, 1986
Bought by
Booth Joseph W Margaret Booth
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $70,000 None Listed On Document
Deed $5,200 None Available
Deed $75,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2025 04/25/25 Sold $70,000 -26.3% --
03/28/2025 03/28/25 Pending -- -- --
11/01/2024 11/01/24 For Sale $95,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $164 $10,400 $1,900 $8,500
2024 $430 $10,400 $1,900 $8,500
2023 $430 $10,400 $1,900 $8,500
2022 $423 $10,400 $1,900 $8,500
2021 $410 $10,400 $1,900 $8,500
2020 $391 $10,400 $1,900 $8,500
2019 $389 $10,400 $1,900 $8,500
2018 $393 $10,400 $0 $0
2017 $396 $10,400 $0 $0
2016 $349 $10,400 $0 $0
2015 $360 $10,400 $0 $0
2014 $355 $10,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2073688

Bright MLS

APN: 135-14.20-235.00