NOT LISTED FOR SALE

18317 Warrington Ct Georgetown, DE 19947

0.32 Acre
-- Price per Acre
13,939 Sq Ft Lot

Last Sold June 12, 2024

Last sale price $700,000

7 Days on Market

About This Lot

As of June 2024

Unique opportunity to acquire a mobile home SUBDIVISION, not a mobile home park. This is a 12-lot general residential subdivision and since each lot is deeded separately, it is not subject to the rules governing the leasing/purchase/sale of mobile home parks. This is a residential subdivision where the owner chose to place mobile homes on the lots and rent the lot/home package, rather than sell the lots. Offered for sale "as is" as a package only--no individual lot sales. There are a lot of good options here! A new owner can simply continue to operate the development as a portfolio of rental units or at the per-lot price of $66,250, you could redevelop the site altogether. Currently the 12 lots are served by two water wells, two lots have their own septic systems and the remaining 10 lots share five septic systems (two lots per system). 10 homes are rented and current, 2 homes are in need of renovation in order to rent them. Great opportunity for an entrepreneur, 1031 exchange. Financial details, rent roll, individual home showing are available to buyers with a Non-Disclosure agreement and/or contingent offer contract

Last Agent to Sell the Property

Robert Wheatley

bob@rcwheatley.com Keller Williams Realty License #RA-0020418 Listed on: 02/19/2024

Keller Williams Realty

Last Buyer's Agent

Robert Wheatley

bob@rcwheatley.com Keller Williams Realty License #RA-0020418 Listed on: 02/19/2024

Keller Williams Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $297

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 133.00 x 105.00
  • Property is zoned GR

Utilities

  • Well
  • Low Pressure Pipe
  • Gravity Septic Field
  • Mound Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 135-05.00-42.02

Property Details

Property Type

Land

Est. Annual Taxes

$297

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: Between Rt 113 & 13
  • Ownership: Fee Simple
  • Current Use: Multi Residential, Mobile/Trailer Park
  • Inclusions: Mobile homes on lots
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Remarks Public: Unique opportunity to acquire a mobile home SUBDIVISION, not a mobile home park. This is a 12-lot general residential subdivision and since each lot is deeded separately, it is not subject to the rules governing the leasing/purchase/sale of mobile home parks. This is a residential subdivision where the owner chose to place mobile homes on the lots and rent the lot/home package, rather than sell the lots. Offered for sale "as is" as a package only--no individual lot sales. There are a lot of good options here! A new owner can simply continue to operate the development as a portfolio of rental units or at the per-lot price of $66,250, you could redevelop the site altogether. Currently the 12 lots are served by two water wells, two lots have their own septic systems and the remaining 10 lots share five septic systems (two lots per system). 10 homes are rented and current, 2 homes are in need of renovation in order to rent them. Great opportunity for an entrepreneur, 1031 exchange. Financial details, rent roll, individual home showing are available to buyers with a Non-Disclosure agreement and/or contingent offer contract
  • Special Features: None

Interior Features

  • Fireplace: No
  • Price Per Sq Ft: 57.03
  • Street Number Modifier: 18317

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Gravity Sept Fld, Low Pressure Pipe (LPP), Mound System
  • Water Source: Well

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: INDIAN RIVER
  • School District Key: 300200396898
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Land Use Code: 999
  • Lot Size Acres: 0.32
  • Lot Dimensions: 133.00 x 105.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13939.00
  • Year Assessed: 2023
  • Zoning: GR
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • School Tax: 265.00
  • Tax Annual Amount: 297.00
  • Assessor Parcel Number: 135-05.00-42.02
  • Tax Lot: 1
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 06/12/2024

MLS Schools

  • School District Name: INDIAN RIVER

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2024 06/12/24 Sold $700,000 -11.9% --
02/26/2024 02/26/24 Pending -- -- --
02/19/2024 02/19/24 For Sale $795,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2056422

Bright MLS

APN: 135-5.00-42.02