NOT LISTED FOR SALE

16201 Adams Rd Laurel, DE 19956

Estimated Value: $573,920

3 Beds
1 Bath
-- Sq Ft
45 Acres

Last Sold January 30, 2020

Last sale price $382,000

Est. 50% increase in value since last sale

Current estimated payment $3,034/month

12 Days on Market

Highlights

  • 45 Acre Lot
  • Crops
  • Heating Available
  • No HOA

About This Home

As of January 2020

45+/- Acres of majority tillable, productive, well drained, farmland on the corner of Adams Rd & Laurel Rd, Laurel, DE. This is a working farm. The farm-type house is over 60 years old, is currently rented, but will be vacant by Spring 2020. House is being sold "as is" and offers contingent on a home inspection will not be accepted. Tenant Farmer has option for 2020 growing season at his discretion.

Last Agent to Sell the Property

Paul Townsend

(302) 236-3212 paul@jgtownsend.com Jack Lingo - Lewes License #RA-0030987 Listed on: 12/20/2019

Jack Lingo - Lewes

Co-Listed By

Darlene Townsend

(302) 542-6379 darlene@delaware.net Jack Lingo - Lewes License #RS-0022918

Last Buyer's Agent

Gary Brittingham

(302) 745-5605 g.brittingham@mchsi.com JACK LINGO MILLSBORO License #RS0015331

JACK LINGO MILLSBORO

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $715

Lot Details

  • 45 Acre Lot
  • Ground Rent
  • Property is zoned AR-1, Agricultural/Residential

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Farming

  • Crops

Utilities

  • Heating Available
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 232-19.00-50.01

Home Details

Home Type

Single Family

Est. Annual Taxes

$715

Lot Details

0

Listing Details

  • Property Type: Farm
  • Structure Type: Detached
  • Sussex De Quadrants: Between Rt 113 & 13
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Remarks Public: 45+/- Acres of majority tillable, productive, well drained, farmland on the corner of Adams Rd & Laurel Rd, Laurel, DE. This is a working farm. The farm-type house is over 60 years old, is currently rented, but will be vacant by Spring 2020. House is being sold "as is" and offers contingent on a home inspection will not be accepted. Tenant Farmer has option for 2020 growing season at his discretion.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Levels Count: Other
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 16201

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Heating: Yes
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: LAUREL
  • School District Key: 300200396897
  • School District Source: Listing Agent

Lot Info

  • Crops Included: No
  • Farm Land Area Units: Acres
  • Farm Operation: Row Crop
  • Land Use Code: FG
  • Lot Size Acres: 45.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1960200.00
  • Year Assessed: 2019
  • Zoning: AR-1
  • Zoning Description: Agricultural/Residential
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Ground Rent Exists: Yes
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • School Tax: 653.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 715.00
  • Assessor Parcel Number: 232-19.00-50.01
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 01/30/2020

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: LAUREL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2022
Sold by
Sussex Ventures Inc
Bought by
Department Of Natural Resources And Environme
Current Estimated Value
$573,920

Purchase Details

Listed on
Dec 20, 2019
Closed on
Jan 30, 2020
Sold by
R & R Workman Farms Llc
Bought by
Sussex Ventures Inc
Seller's Agent
Paul Townsend
Jack Lingo - Lewes
Buyer's Agent
Gary Brittingham
JACK LINGO MILLSBORO
List Price
$355,000
Sold Price
$382,000
Premium/Discount to List
$27,000
7.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.46%

Purchase Details

Closed on
Sep 27, 2010
Bought by
Workman R & R Farms Llc
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Department Of Natural Resources And Environme -- None Listed On Document
Sussex Ventures Inc $382,000 None Available
Workman R & R Farms Llc -- --
Workman R & R Farms Llc -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2020 01/30/20 Sold $382,000 +7.6% --
01/01/2020 01/01/20 Pending -- -- --
12/20/2019 12/20/19 For Sale $355,000 -- --
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 -- $13,950 $1,500 $12,450
2024 -- $13,950 $1,500 $12,450
2023 $0 $13,950 $1,500 $12,450
2022 $75 $13,950 $1,500 $12,450
2021 $75 $13,950 $1,500 $12,450
2020 $713 $13,950 $1,500 $12,450
2019 $715 $13,950 $1,500 $12,450
2018 $782 $13,950 $0 $0
2017 $757 $13,950 $0 $0
2016 $805 $13,950 $0 $0
2015 $695 $13,950 $0 $0
2014 $616 $13,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU153008

Bright MLS

APN: 232-19.00-50.01